# BANCO SANTANDER CHILE

Summary updated: 2026-10-02T12:00:36.148638Z
Canonical: https://finbar.com/research/companies/banco-santander-chile

## Overview

Banco Santander Chile is a Chile-focused banking corporation headquartered in Santiago and controlled by Banco Santander, S.A. of Spain. It serves individual customers, businesses and large corporations with commercial and consumer banking, alongside related services including leasing, factoring, securities and insurance brokerage, and investment banking. The bank says its purpose is “to be the leading bank, putting the customer at the center,” and traces its presence in Chile to 1978. [1](https://app.finbar.com/go?id=P148414220)[2](https://banco.santander.cl/nuestro-banco/)[3](https://banco.santander.cl/nuestro-banco/informacion-corporativa/nuestra-historia)

For the year ended December 31, 2025, the latest full-year reporting located, total operating income was CLP 2,861,844 million and net income was CLP 1,038,053 million. [4](https://app.finbar.com/go?id=T17023397) At year-end 2025, the bank reported 8,526 employees and 4,608,182 customers, with a distribution network across Chile. [5](https://banco.santander.cl/nuestro-banco/informacion-corporativa)
[1](https://app.finbar.com/go?id=P148414220)[2](https://banco.santander.cl/nuestro-banco/)[3](https://banco.santander.cl/nuestro-banco/informacion-corporativa/nuestra-historia)[4](https://app.finbar.com/go?id=T17023397)[4](https://app.finbar.com/go?id=T17023397)[5](https://banco.santander.cl/nuestro-banco/informacion-corporativa)[2](https://banco.santander.cl/nuestro-banco/)[3](https://banco.santander.cl/nuestro-banco/informacion-corporativa/nuestra-historia)[5](https://banco.santander.cl/nuestro-banco/informacion-corporativa)

## Products & services

Banco Santander Chile offers retail accounts and plans, credit and debit cards, consumer and mortgage loans, insurance, savings and investment products. Its named digital account platforms include Más Lucas and Santander Life. The Cuenta Más Lucas vista account is described as having no maintenance fee, paying monthly interest and including a debit card; the bank’s official product pages also list a youth version with specified transaction limits. [6](https://banco.santander.cl/personas/productos-santander) [7](https://banco.santander.cl/personas/planes/cuenta-mas-lucas/joven/papas) [8](https://banco.santander.cl/personas/planes/cuenta-mas-lucas-joven)

For businesses, Getnet provides in-person point-of-sale and ecommerce payment acceptance, with listed capabilities including connected, battery-powered POS terminals, online payment processing, saved cards and 3DS 2.0 security. Other named services include digital factoring, which advances funds against invoices through Office Banking, and leasing for movable assets, real estate and imported assets, with purchase, renewal or return options at the end of the contract. [9](https://banco.santander.cl/GETNET) [10](https://banco.santander.cl/empresas/financiamiento/factoring) [11](https://banco.santander.cl/empresas/leasing)

In 2025, retail banking fees grew 10.8% year over year; account-management fees rose 10.2%, card-service income 9.9% and Getnet fees 38.8%. The report links account-fee growth partly to openings through Más Lucas and Santander Life. It reports fee growth, but does not provide product-specific revenue shares or percentages of total company performance. [12](https://app.finbar.com/go?id=P148413002) [13](https://app.finbar.com/go?id=P148412992)
[12](https://app.finbar.com/go?id=P148413002)[13](https://app.finbar.com/go?id=P148412992)[6](https://banco.santander.cl/personas/productos-santander)[7](https://banco.santander.cl/personas/planes/cuenta-mas-lucas/joven/papas)[8](https://banco.santander.cl/personas/planes/cuenta-mas-lucas-joven)[9](https://banco.santander.cl/GETNET)[10](https://banco.santander.cl/empresas/financiamiento/factoring)[11](https://banco.santander.cl/empresas/leasing)[6](https://banco.santander.cl/personas/productos-santander)[7](https://banco.santander.cl/personas/planes/cuenta-mas-lucas/joven/papas)[8](https://banco.santander.cl/personas/planes/cuenta-mas-lucas-joven)[9](https://banco.santander.cl/GETNET)[10](https://banco.santander.cl/empresas/financiamiento/factoring)[11](https://banco.santander.cl/empresas/leasing)

## Geographic presence

Banco Santander Chile’s reported physical network is domestic: at December 31, 2025, it had 229 branches across Chile and 2,055 ATMs. [14](https://app.finbar.com/go?id=T17023396)[15](https://app.finbar.com/go?id=T17023410)[16](https://docs.publicnow.com/viewDoc?filename=41727%5CEXT%5CAEA1B140815890591B54B620F02A20A1FB853FE8_170F72928A4D5EEC66740197EBE41ED1CD66E9B6.PDF) Its controlled subsidiaries are listed as incorporated or operating in Santiago, Chile. [17](https://app.finbar.com/go?id=T17023374)

The company reported 8,526 employees at year-end 2025, but the available breakdown does not allocate staff by region. [14](https://app.finbar.com/go?id=T17023396)[18](https://app.finbar.com/go?id=T17023484) Its 2025 reporting presents operating segments by business line rather than geography; no country- or regional-revenue breakdown was identified. [19](https://app.finbar.com/go?id=T17023373)
[14](https://app.finbar.com/go?id=T17023396)[15](https://app.finbar.com/go?id=T17023410)[17](https://app.finbar.com/go?id=T17023374)[18](https://app.finbar.com/go?id=T17023484)[19](https://app.finbar.com/go?id=T17023373)[16](https://docs.publicnow.com/viewDoc?filename=41727%5CEXT%5CAEA1B140815890591B54B620F02A20A1FB853FE8_170F72928A4D5EEC66740197EBE41ED1CD66E9B6.PDF)

## Business segments

Banco Santander Chile’s FY2025 segment table reports five business categories. Retail serves individuals other than high-net-worth clients and smaller businesses, with lending, cards, mortgages, deposits, brokerage, insurance and SME services; it generated 82.7% of reported net interest income (NII) and held 76.3% of loans. [20](https://app.finbar.com/go?id=P148412545)[19](https://app.finbar.com/go?id=T17023373) Wealth Management & insurance covers asset management, insurance and private banking, contributing 3.0% of NII and 2.3% of loans. [21](https://app.finbar.com/go?id=P148412547)[19](https://app.finbar.com/go?id=T17023373) Middle-Market serves mid-sized companies and specified institutional, real-estate and construction clients; it contributed 16.8% of NII and 15.1% of loans. [22](https://app.finbar.com/go?id=P148412549)[19](https://app.finbar.com/go?id=T17023373)

Corporate Investment Banking (CIB) serves large multinationals and financial institutions with corporate, transactional, treasury and investment-banking products; it accounted for 10.7% of NII and 5.2% of loans. [23](https://app.finbar.com/go?id=P148412551)[19](https://app.finbar.com/go?id=T17023373) Corporate Activity & others includes financial management such as risk management, wholesale funding and capital allocation; its NII was negative, equal to −13.2% of total NII, while it held 1.1% of loans. [24](https://app.finbar.com/go?id=P148412553)[19](https://app.finbar.com/go?id=T17023373) These approximate shares use FY2025 segment NII and loan balances, respectively; loan balances are an exposure proxy, not segment assets. The filing also describes an IFRS 8/CODM reporting structure centered on Retail, Middle-market and CIB, distinct from the five categories shown in the results table. [25](https://app.finbar.com/go?id=P148412923)[26](https://app.finbar.com/go?id=P148412924)[19](https://app.finbar.com/go?id=T17023373)
[20](https://app.finbar.com/go?id=P148412545)[19](https://app.finbar.com/go?id=T17023373)[21](https://app.finbar.com/go?id=P148412547)[22](https://app.finbar.com/go?id=P148412549)[23](https://app.finbar.com/go?id=P148412551)[24](https://app.finbar.com/go?id=P148412553)[25](https://app.finbar.com/go?id=P148412923)[26](https://app.finbar.com/go?id=P148412924)

## Company history

Banco Santiago, the legal predecessor of Banco Santander-Chile, was incorporated in 1977 and authorized to operate as a bank that year; Santander’s official history dates its presence in Chile to 1978. [27](https://app.finbar.com/go?id=P148413578)[3](https://banco.santander.cl/nuestro-banco/informacion-corporativa/nuestra-historia) In January 1997, Banco Santiago merged with Banco O’Higgins, with Banco Santiago as the surviving entity. [27](https://app.finbar.com/go?id=P148413578)[28](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000880&indice=8.9)

Banco Santiago became a controlled subsidiary of Santander Spain in 1999. In 2002, it absorbed Banco Santander-Chile and adopted the name Banco Santander-Chile, consolidating the corporate lineage of the present bank. [27](https://app.finbar.com/go?id=P148413578)[29](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000970&indice=8.9)[30](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000972&indice=8.9)
[27](https://app.finbar.com/go?id=P148413578)[3](https://banco.santander.cl/nuestro-banco/informacion-corporativa/nuestra-historia)[28](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000880&indice=8.9)[29](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000970&indice=8.9)[30](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000972&indice=8.9)

## Sources

1. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148414220)
2. [banco.santander.cl](https://banco.santander.cl/nuestro-banco/)
3. [banco.santander.cl](https://banco.santander.cl/nuestro-banco/informacion-corporativa/nuestra-historia)
4. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17023397)
5. [banco.santander.cl](https://banco.santander.cl/nuestro-banco/informacion-corporativa)
6. [banco.santander.cl](https://banco.santander.cl/personas/productos-santander)
7. [banco.santander.cl](https://banco.santander.cl/personas/planes/cuenta-mas-lucas/joven/papas)
8. [banco.santander.cl](https://banco.santander.cl/personas/planes/cuenta-mas-lucas-joven)
9. [banco.santander.cl](https://banco.santander.cl/GETNET)
10. [banco.santander.cl](https://banco.santander.cl/empresas/financiamiento/factoring)
11. [banco.santander.cl](https://banco.santander.cl/empresas/leasing)
12. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148413002)
13. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412992)
14. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17023396)
15. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17023410)
16. [docs.publicnow.com](https://docs.publicnow.com/viewDoc?filename=41727%5CEXT%5CAEA1B140815890591B54B620F02A20A1FB853FE8_170F72928A4D5EEC66740197EBE41ED1CD66E9B6.PDF)
17. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17023374)
18. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17023484)
19. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17023373)
20. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412545)
21. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412547)
22. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412549)
23. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412551)
24. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412553)
25. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412923)
26. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148412924)
27. [BANCO SANTANDER CHILE — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148413578)
28. [cronologiabancaria.cmfchile.cl](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000880&indice=8.9)
29. [cronologiabancaria.cmfchile.cl](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000970&indice=8.9)
30. [cronologiabancaria.cmfchile.cl](https://cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?Eventoid=7500000000000972&indice=8.9)

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