Banco Santander-Chile(US:BSAC)2020-04-29 16:44Financial Performance - Net income attributable to equity holders of the Bank increased by 148% YoY, reaching Ch$144,014 million in 1Q20 [6, 7] - ROAE reached 168% in 1Q20, compared to 153% in 1Q19 [6, 7] - Net Interest Income (NII) increased 203% YoY, totaling Ch$388,299 million in 1Q20 [6, 29] - Efficiency ratio improved to 406% in 1Q20, compared to 425% in 1Q19 [6, 39, 40] Loan Portfolio and Asset Quality - Total loans increased 123% YoY, reaching Ch$34,355,159 million, driven by commercial loans from the Middle-market and CIB segments [6, 18, 47] - Non-interest bearing demand deposits increased 296% YoY [23] - NPL ratio remained stable at 20% in 1Q20, similar to 1Q19 [6, 22, 40] - Coverage of NPLs ratio increased to 1335% in 1Q20, compared to 1274% in 1Q19 [6, 22, 40] Capital Adequacy and Dividends - Shareholders' equity totaled Ch$3,494,433 million as of March 31, 2020, growing 52% YoY [6, 27, 59] - Core capital ratio was 97% and the total BIS ratio was 127% as of March 2020 [6, 27, 62] - The Bank proposed a dividend payout of 30% of 2019 net income [28, 60]