Today: July 21, 2018, 9:26 pm
  
Business

Santander Chile extends branch opening hours until 6pm

PR-Inside.com: 2017-12-27 00:03:01

December 26, 2017, Santiago, Banco Santander Chile (NYSE: BSAC, SSE: Bsantander) announced that it has decided to extend its branch hours throughout Chile until 6:00 pm, becoming the only bank in the local market to do so. Traditionally banks in Chile close at 2pm. Tellers will continue operating from 9am to 2pm, but all other client activities will be also available from 3:30 pm to 6:00 pm, except on Fridays.

"We are the only large bank in Chile that will attend in these hours and we do it because our clients value this highly. We have received very positive feedback from WorkCafé branch clients. These branches have been open until 6pm since last year", stated the Director of Retail Banking, Matías Sánchez.

This decision by Santander Chile is part of a plan that involves a series of changes, innovations and openings in the fourth quarter, as the Bank prepares itself for what should be a higher growth period in 2018, especially in retail banking.

In the quarter, the Bank accelerated the WorkCafé opening plan by opening 13 in 4Q17 bringing the total to 20. Another 20 should be opened in 2018.

Additionally, in October of this year, Santander Chile launched its Digital Onboarding platform, whereby non-clients can become clients through the APP or website in a few minutes. The Bank's information systems are now linked to various public databases and, therefore, with a few simple questions the Bank can check a new client's identity, credit history and income level simply using Touch ID technology on a smartphone. These technological developments help to reduce the costs of opening a new account and also assure quick and trustworthy verification of the risk associated with a potential client. 

Last week, the Bank launched Santander Life, our new business model for the mass consumer market. This unprecedented initiative represents a new way of relating to the community and customers through a new generation of digital products designed for the mass consumer market that rewards positive credit behavior. The most innovative aspect of Santander Life is the Meritolife Program, the first program in Chile in which a bank rewards clients for positive behavior. As customers meet their  financial obligations on time, they accumulate "Merits" that allow them to access exclusive recognitions such as; more interest-free installments, discounts on interest rates, as well as flexibility for the payment of credit installments, among other benefits.

Banco Santander Chile is the largest Bank in Chile in terms of assets and loans. As of September 30, 2017, we had total assets of Ch$35,152,715 million (U.S.$54,999 million), outstanding loans, net of allowances for loan losses of Ch$26,952,564 million (U.S.$42,169 million), total deposits of Ch$19,862,372 million (U.S.$31,076 million) and equity of Ch$3,018,381 million (U.S.$4,722 million). Our headquarters are located in Santiago and we operate in every major region of Chile. Our long-term credit risk rating were Aa3 by Moody's, A Fitch and A Standard & Poor's.





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Banco Santander-Chile via Globenewswire




# 643 Words
Related Articles
More From The Author
Intervest Offices & Warehouses: Publication relating to [..]
Summary of the notification As at 22 December 2017 Intervest Offices & Warehouses received a transparency notification dated [..]
DENISE Wedding Dress 2018 New Products Conference [..]
On December 20, 2017, DENISE Wedding Dress published its 2018 new works. Huang Buyan, General Manager of DENISE, carried the [..]
FERRATUM OYJ: Managers' Transactions
Ferratum Oyj - Managers' Transactions ____________________________________________   Person subject to the notification requirement [..]
Intervest Offices & Warehouses: Disclosure in accordance [..]
Further to the capital increase and the issue of new shares as at 22 December 2017 in the context of [..]
Songa Offshore SE : New shares issued
Reference is made to the press releases as of 25 November 2016 and 14 June 2017 regarding incentive programs established [..]
 
More From Business
Send Rakhi Gifts to India Online with [..]
New Delhi, India, July 2018 Attractive Rakhi gifts are an integral part of the ritual, Raksha Bandhan. While India celebrates [..]
TV Store Online Rolls out New Superhero [..]
19th July 2018 -- Michigan-based mega-retailer of all-things TV, movie and comic culture merch, TV Store Online.com, has just [..]
Tarps Now Expansion to New St. Joseph [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce completion of its move to its newest operations [..]
The Tidy Maids Announces Scholarship Winner
RALEIGH, NC – JUNE 14, 2018 – The Tidy Maids Raleigh house cleaning and maid services is pleased to announce [..]
Introducing Worldwide Rakhi Delivery with Free Shipping: [..]
New Delhi, India, July 2018 - Are you planning to send Rakhi to Dubai? Avail the latest free shipping offer [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.