BANCO SANTANDER CHILE Business Summary

Banco Santander Chile (NYSE: BSAC) is the leading financial institution in Chile, operating a diversified business model that generates revenue primarily through net interest income, fee-based services, and financial operations. Its operations are structured into four core segments: Retail Banking (serving individuals and SMEs), Middle-market (large corporations), Global Corporate Banking (multinationals), and Corporate Activities. As of early 2026, the bank maintains a dominant market position with approximately 17.5% share in both loans and deposits, supported by a robust digital transformation strategy that has converted over 85% of its 4.6 million customers into active digital users. In the competitive landscape, BSAC contends directly with Banco de Chile, BCI, and Itaú Chile, distinguishing itself through superior profitability metrics, including a 23.5% return on average equity (ROAE) and a high-efficiency ratio of 36.0%. The leadership team is led by CEO and Country Head Andrés Trautmann Buc, who assumed the role in July 2025 following a distinguished career as EVP of Corporate & Investment Banking and a tenure at Goldman Sachs in New York. He is supported by Executive Chairman Claudio Melandri Hinojosa, a 30-year veteran of the Santander Group, and CFO Patricia Pérez, the first woman to hold the position in the subsidiary’s history, bringing nearly two decades of expertise in asset and liability management. Technology and operations are overseen by EVP Eduardo Herrera, a former CIO for Walmart Mexico and Central America. Incorporated in 1977 and operating as a core subsidiary of the Spanish Santander Group, the bank’s board includes notable figures such as Rodrigo Vergara Montes, former President of the Central Bank of Chile, ensuring high standards of corporate governance and strategic alignment with global parent objectives.