Earnings Call Summary | Banco Santander Chile(BSAC.US) Q4 2023 Earnings Conference
Earnings Call Summary | Banco Santander Chile(BSAC.US) Q4 2023 Earnings Conference
The following is a summary of the Banco Santander-Chile (BSAC) Q4 2023 Earnings Call Transcript:
以下是智利桑坦德銀行（BSAC）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Banco Santander-Chile reported $1.3 billion in customer deposits and $100 million in consumer loans related to the Life segment, alongside $32 million in yearly fees.
Predicted ROEs are aiming to reach about 20% in the second half of the year.
The bank achieved total shareholder return of 35.8% in 2023 and a net income of CLP496 billion, down 39% YoY.
The bank showed a quarter-by-quarter net income increase, with RoE reaching 16.6% in the final quarter of 2023.
Bank registered a 34.7% YoY increase in operating segment net contribution due to lower interest rates and strategy across segments.
Net Interest Margins are expected to strongly recover to reach between 3%-3.5% in 2024
Cost of credit remained in line with guidance at 1.2% and non-net interest income sources showed significant growth.
Operating expenses decreased by 5.6% YoY and a core equity ratio of 11.1% was reported at the end of Q4 2023.
智利桑坦德銀行報告了與人壽領域相關的13億美元客戶存款和1億美元的消費貸款，以及3200萬美元的年費。
預計的投資回報率將在下半年達到約20％。
該銀行在2023年實現了35.8％的股東總回報率，淨收入爲 CLP496 億美元，同比下降39％。
該銀行的淨收入逐季度增長，投資回報率在2023年最後一個季度達到16.6％。
由於各細分市場的利率和戰略降低，該銀行的運營板塊淨貢獻同比增長34.7％。
預計淨利率將強勁回升，到2024年達到3％-3.5％
信貸成本保持在1.2％的預期水平，非淨利息收入來源顯示出顯著增長。
2023年第四季度末，運營支出同比下降5.6％，核心權益比率爲11.1％。
Business Progress:
業務進展：
Santander-Chile aims to expand their customer base to 4.5 million by 2026, maintaining high levels of customer satisfaction.
Initiatives under the Chile First strategic pillar, including focus on sustainability and financial inclusion, are showing success.
Green housing portfolio has grown to approximately CLP100 billion and the bank has issued green bonds worth approximately $50M.
The bank has advanced in digital banking, attracting over 117,000 clients to their new account option and plans to implement the Gravity digital banking platform by 2024.
The bank is set to spend $450 million from 2023 through 2026 on branch modernizations and tech initiatives.
The bank sees loan growth and non-net interest income growth in 2024, and RoE is expected to reach normal levels of 15%-17%.
The bank expects economic activity in Chile to grow around 2%, due to a less restrictive financial environment and increased labor market dynamism.
The company received critical recognition for its sustainable practices being awarded Best Bank in Chile by The Banker and Euromoney.
智利桑坦德的目標是到2026年將其客戶群擴大到450萬，保持較高的客戶滿意度。
智利第一戰略支柱下的舉措，包括關注可持續性和金融包容性，正在取得成功。
綠色住房投資組合已增長到約 CLP100 億美元，該銀行已發行了價值約5000萬美元的綠色債券。
該銀行在數字銀行領域取得了進展，吸引了超過11.7萬名客戶使用其新賬戶選項，並計劃到2024年實施Gravity數字銀行平台。
從2023年到2026年，該銀行將在分行現代化和技術計劃上花費4.5億美元。
該銀行預計，2024年貸款和非淨利息收入將增長，投資回報率預計將達到15％-17％的正常水平。
該銀行預計，由於金融環境的限制減少和勞動力市場活力的增強，智利的經濟活動將增長約2％。
該公司因其可持續實踐而獲得了《銀行家》和《歐洲貨幣》頒發的智利最佳銀行的廣泛認可。
More details: Banco Santander Chile IR
更多詳情： 智利桑坦德銀行 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。