BSAC Latest Report

Performance Review

Santander Chile's total operating revenue reached Rmb726.839 billion (approx. US$100 billion) as of December 31, 2024, up 30.61% from Rmb556.491 billion (approx. US$100 billion) as of December 31, 2023. This growth reflects the bank's strong performance in the financial services sector and the increased market demand.

Key Data in the Financial Report

1. The 30.61% YoY growth in total operating revenue indicates the bank's outstanding performance in business expansion and market competition.

2. The increase in loan demand and rising interest rates are the major driving factors that have contributed to the growth in operating revenue.

3. The bank may attract more customers and further boost operating revenue by launching more financial products and services.

4. Effective cost control strategies help the bank improve its profit margin, supporting the growth rate of operating revenue.

Peer Comparison

1. Industry-wide analysis: The overall financial services industry experienced a general increase in operating revenue in 2024, driven by economic recovery and rising interest rates. Many banks' operating revenue grew by 20%-35% YoY, showing an overall positive trend in the industry.

2. Peer evaluation analysis: Santander's 30.61% YoY growth in operating revenue is at the top of the industry, indicating its outstanding performance in market competition, possibly benefiting from its strong brand influence and customer base.

Summary

Santander's operating revenue growth is mainly affected by multiple factors, including economic recovery, increased loan demand, and rising interest rates. Through the launch of diversified financial products and effective cost control, the bank maintains a strong market position in competition. Overall, the bank's performance outperforms its peers, demonstrating its strong business capabilities and market adaptability.

Opportunities

1. With the recovery of the Chilean economy, the bank can further expand its loan business and increase its market share.

2. More innovative financial products may be introduced in the future to meet the changing needs of customers.

3. Further interest rate increases may continue to support the growth of interest income and bring better profitability.

Risks

1. Uncertainty in economic growth may affect consumer confidence, putting pressure on the bank's loan demand.

2. Intense competition may lead to price wars, affecting the bank's profit margin.

3. Changes in policies and regulatory environments may pose challenges to the bank's business model and profitability.