Santander Chile Benefits From Increasing Net Interest Margins
Banco Santander Chile continued its momentum from the first quarter with year-over-year growth in earnings of 29.4% and sequential growth of 5.7%. Much of this growth is attributable to lower interest rates. In the short term, Santander Chile is liability-sensitive and any decrease in interest rates will benefit net interest margins. Lower interest rates were the major driver of net interest margins expanding to 4.6%, a sequential increase of 40 basis points. Despite improving results, Santander...
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