The Santander Chile subsidiary Santander Consumer signs agreement to acquire Mundo Crédito's auto loan portfolio
2024年2月13日 - 5:57AM
Banco Santander Chile's (NYSE: BSAC) announced that its subsidiary
Santander Consumer Finance will acquire Mundo Crédito in an
operation for up to US$ 79 million. The operation is subject to the
approval of the National Economic Prosecutor's Office, the due
diligence process and other usual conditions precedent.
With the aim of expanding its offer and
participation in this segment, Santander Consumer subscribed to the
purchase - subject to conditions - of the automotive loan portfolio
of Servicios Financieros Mundo Crédito SpA, a company that provides
financing for the acquisition of new or used motor vehicles with
pledge guarantee. The operation would reach between $50,000 million
and $70,000 million, being subject to the approval of the National
Economic Prosecutor's Office, the due diligence process and other
usual conditions precedent.
According to what was reported in an Material
Fact to the Financial Market Commission, once the aforementioned
conditions are met, Santander Consumer will acquire automotive
loans from Mundo Crédito that meet certain eligibility criteria.
The closing of this portfolio purchase will be carried out in two
successive stages that are expected to conclude within the first
half of the current year.
Cristián Amar, CEO of Santander Consumer,
pointed out that “we accompany people in their decisions that allow
them to achieve greater well-being and better living conditions. In
that sense, for families, purchasing a vehicle is one of the most
important purchasing decisions. At Santander Consumer we are very
happy with this step, because with this operation we strengthen our
offer in this market.” Indeed, thanks to this operation, Santander
Consumer consolidates its position as one of the main players in
this industry, thus allowing it to reach new customers.
About Banco SantanderAs of
December 31, 2023, we had total assets of Ch$ 70,857,886 million
(U.S.$ 81,031 million), outstanding gross loans (including
interbank loans) at amortized cost of Ch$ 40,811,866 million (U.S.$
46,671 million), total deposits of Ch$ 29,675,768 million (U.S.$
33,936 million) and shareholders’ equity of Ch$ 4,367,159 million
(U.S.$ 4,994 million). The BIS capital ratio as of December 31,
2023, was 17.6%, with a core capital ratio of 11.1%. As of December
31, 2023 Santander Chile employed 9,229 people and has 247 branches
throughout Chile. Banco Santander Chile is one of the companies
with the highest risk classifications in Latin America with an A2
rating from Moody's, A- from Standard and Poor's, A+ from Japan
Credit Rating Agency, AA- from HR Ratings and A from KBRA, all have
a Stable Outlook.
CONTACT INFORMATIONCristian VicuñaChief
Strategy Officer and Head of Investor RelationsBanco Santander
ChileBandera 140, Floor 20Santiago,
ChileEmail: irelations@santander.clWebsite: www.santander.cl
Banco Santander Chile (NYSE:BSAC)
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Banco Santander Chile (NYSE:BSAC)
過去 株価チャート
から 6 2023 まで 6 2024