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Banco Santander-Chile uses customer deposits as its main source of money to lend to households and businesses. Retail banking—serving individuals and smaller businesses—generates most of its interest and fee income, and residential mortgages make up a large part of its loan book. It also lends to larger companies and provides them with payment, foreign-exchange and financial-market services. Interest earned after funding costs supplies most of the bank’s income.
Customers also pay for accounts, cards and payments, while investment-fund and insurance brokerage brings in commissions. These fees are a significant second source of income. Its credit-card business depends substantially on its co-branding agreement with LATAM Airlines, which helps attract customers and card spending. Chile caps card interchange fees, limiting what the bank can earn from that part of its card services.
The business is concentrated in Chile, so earnings depend on local borrowers’ ability to repay and on retaining deposits at manageable costs. Interest rates and inflation also shape the lending margin: many loans rise in value with Chilean inflation, while much of the funding does not adjust in the same way. Capital and liquidity requirements constrain how far the bank can expand lending and how much funding it must keep readily available.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Banco Santander-Chile’s results hinge on Chilean loan demand, inflation, interest rates and borrowers’ ability to repay, so also watch local rivals BCI, Scotiabank Chile and Banco del Estado, which are absent from this list.
Banco de Chile competes directly with Banco Santander-Chile for loans, deposits and payment services used by Chilean households and businesses, exposing both to the same local loan demand and borrower health. Watch its household and small-business lending for signs of demand in Santander-Chile’s own customer base.
Banco Santander is Banco Santander-Chile’s parent, linking the Chilean bank’s lending and fee-based services to the group’s strategy, shared technology platforms and credit standing. Watch the parent’s credit rating: it can affect the Chilean bank’s rating and, in turn, its funding costs and interest margins.
Itaú Unibanco’s Chilean operation competes with Banco Santander-Chile for local borrowers and banking customers, although the parent’s business is predominantly Brazilian. Watch its Chilean loan share rather than group-wide revenue: it held 11.5% of outstanding Chilean-peso loans at December 31, 2025.
Banco Santander-Chile’s credit-card appeal depends significantly on its co-branded loyalty offer with LATAM Airlines, which earns most of its revenue from carrying passengers. The agreement was renewed in August 2025 for five years; watch future renewal terms, as a lapse or less favorable terms could reduce card customers and transaction activity.
Banco Santander S.A. earningsSAN
Banco Santander's report can show whether parent-level credit and funding conditions are strengthening or weakening, a channel that can affect Santander Chile's credit standing and borrowing costs.
Look for Banco Santander's reported funding costs and any credit-rating change. Stable parent funding and credit would ease concern that group conditions could raise Santander Chile's borrowing costs; higher costs or a downgrade would increase that risk. The parent's results are not the Chilean bank's results.
Banco Santander-Chile earningsThis company
Santander Chile earns from lending after paying for deposits and other funding, and this report will show whether that lending margin can hold up against credit losses.
Read the net interest margin alongside provisions for expected credit losses. The margin shows what Santander Chile earns on loans after funding costs; provisions reflect expected loan losses. A steady margin with slower-growing provisions says lending income is still covering its risks. A narrowing margin with faster-growing provisions says funding costs or borrower stress are eating into that income.
Banco de ChileAmerican Depositary Shares (Each representing 200 shares of Common Stock) earningsBCH
Banco de Chile's report can show whether Chilean households and small businesses are borrowing and repaying, offering a read-through to the customers Santander Chile serves too.
Read Banco de Chile's household and small-business lending alongside its credit losses or overdue loans. Growing lending with contained losses points to demand and repayment holding up in markets Santander Chile also serves. Slower lending or rising losses points to weaker demand or borrower stress in those same markets.
LATAM Airlines Group S.A. earningsLTM
LATAM Airlines' report can show whether passenger demand supports the travel rewards tied to its co-branded cards with Santander Chile.
Look at LATAM Airlines' reported passenger demand and related revenue. Strong demand could keep the travel rewards valuable to Santander Chile's co-branded cardholders and support the partnership's appeal; weaker demand could make the rewards less compelling. Airline results do not measure Santander Chile's card use or establish the partnership's renewal terms.
