Fusi n Santander Santiago
The Coalition In 2002 it marked an important landmark in the history of Bank Santander Chile. In passed April, Hispanic Central Santander acquired to the Central Bank of Chile with 35% of the actions of Bank Santiago. ... As additionally it possessed 89% of the capital of the former Bank Santander Chile, he/she decided to propose the coalition of both financial institutions in the measure that she added value for all the shareholders. ... In definitive, in the respective Meetings of Shareholders the coalition was approved by absorption among the Banks Santander Chile and Santiago, entities that would ponder 47,5% and 52,5%, respectively, inside the capital of the resulting bank. After having all the pertinent authorizations, August 1º made their premiere in the national banking the new Bank Santander Chile, one of the most important and profitable institutions in Latin America. ... The new Bank Santander Chile is born been founded on solid bases and looking for to develop the best thing of each one of the individual banks.