SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November, 2006
Commission File Number: 001-14554
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Banco Santander Chile |
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Santander Chile Bank |
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(Translation of Registrant’s Name into English) |
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Bandera 140 |
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(Address of principal executive office) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
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Form 20-F |
x |
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Form 40-F |
o |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
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Yes |
o |
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No |
x |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
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Yes |
o |
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No |
x |
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Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
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Yes |
o |
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No |
x |
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If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
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BANCO SANTANDER - CHILE AND SUBSIDIARIES |
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As of Septembr 30, |
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2006 |
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2005 |
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Ch$ |
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Ch$ |
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ASSETS |
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CASH |
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1,023,373.4 |
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1,146,368.3 |
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LOANS |
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Commercial loans |
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4,082,361.1 |
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3,654,944.5 |
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Foreign trade loans |
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656,170.7 |
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584,394.6 |
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Consumer loans |
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1,692,432.0 |
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1,357,468.1 |
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Mortgage (financed w/ mortgage bonds) loans |
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525,963.0 |
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709,692.7 |
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Leasing |
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754,571.7 |
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641,759.8 |
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Contingent loans |
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963,462.9 |
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893,075.7 |
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Other loans |
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2,519,304.5 |
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1,959,751.1 |
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Past due loans |
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88,862.8 |
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118,515.4 |
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Total loans |
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11,283,128.7 |
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9,919,601.9 |
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Less: Reserves |
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(160,878.5 |
) |
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(157,320.8 |
) |
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Total loans net |
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11,122,250.2 |
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9,762,281.1 |
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OTHER CREDIT OPERATIONS |
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Interbank loans |
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134,609.2 |
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206,085.2 |
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Investment collateral under agreements to repurchase |
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14,422.1 |
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33,750.3 |
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Total other credit operations |
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149,031.3 |
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239,835.5 |
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TRADING INSTRUMENTS |
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671,975.0 |
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1,086,031.1 |
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FINANCIAL INVESTMENTS |
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Available for sale |
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602,872.2 |
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327,453.3 |
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Held to maturity |
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0.0 |
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0.0 |
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Total financial investments |
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602,872.2 |
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327,453.3 |
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DERIVATIVE CONTRACTS |
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305,641.2 |
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259,817.2 |
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OTHER ASSETS |
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521,368.5 |
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655,579.3 |
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FIXED ASSETS |
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Bank premises and equipment |
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222,441.1 |
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224,563.4 |
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Investment in companies |
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6,941.4 |
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6,455.2 |
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Total fixed assets |
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229,382.5 |
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231,018.6 |
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TOTAL ASSETS |
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14,625,894.3 |
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13,708,384.4 |
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BANCO SANTANDER - CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
In real Ch$ million as of September 30, 2006
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As of Septembr 30, |
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2006 |
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2005 |
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Ch$ |
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Ch$ |
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LIABILITIES & SHAREHOLDERS’ EQUITY |
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LIABILITIES |
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DEPOSITS AND OTHER OBLIGATIONS |
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Demand deposits |
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1,487,518.3 |
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1,410,929.9 |
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Savings accounts and time deposits |
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6,867,376.4 |
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5,661,761.9 |
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Other sight accounts |
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736,463.0 |
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1,019,822.7 |
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Investments sold under agreements to repurchase |
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73,433.7 |
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171,292.9 |
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Mortgage finance bonds |
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560,333.8 |
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833,167.0 |
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Contingent liabilities |
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964,923.7 |
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893,915.1 |
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Total deposits and other obligations |
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10,690,048.9 |
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9,990,889.5 |
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Bonds |
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Senior bonds |
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559,165.0 |
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324,277.5 |
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Subordinated bonds |
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490,973.8 |
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527,863.7 |
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Total bonds |
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1,050,138.8 |
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852,141.2 |
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INTERBANK LOANS AND CENTRAL BANK BORROWINGS |
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Credit lines for renegotiation of loans |
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5,486.7 |
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7,555.8 |
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Other Banco Central borrowings |
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184,147.3 |
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179,710.4 |
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Borrowings from domestic financial institutions |
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3,777.2 |
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2,779.8 |
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Foreign borrowings |
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924,775.6 |
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870,616.8 |
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Other obligations |
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43,234.6 |
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43,041.8 |
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Total interbank and Central Bank borrowings |
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1,161,421.4 |
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1,103,704.6 |
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DERIVATIVE CONTRACTS |
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307,620.8 |
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257,999.2 |
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OTHER LIABILITIES |
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228,038.3 |
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432,575.4 |
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TOTAL LIABILITIES |
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13,437,268.2 |
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12,637,309.9 |
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MINORITY INTEREST |
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1,489.4 |
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1,636.8 |
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SHAREHOLDERS’ EQUITY |
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Capital and reserves |
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965,614.7 |
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879,441.3 |
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Other equity accounts |
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(3,190.6 |
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494.6 |
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Net income |
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224,712.6 |
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189,501.8 |
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Total shareholders’ equity |
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1,187,136.7 |
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1,069,437.7 |
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TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
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14,625,894.3 |
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13,708,384.4 |
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BANCO SANTANDER - CHILE AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
For the periods between January 1 and September 30,
In real Ch$ million as of September 30, 2006
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2006 |
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2005 |
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Ch$ |
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Ch$ |
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INCOME STATEMENT |
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OPERATING RESULTS |
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Interest income |
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915,322.8 |
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719,061.1 |
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Gain from trading and mark-to-market |
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115,229.9 |
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69,182.1 |
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Fee income |
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146,415.8 |
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126,137.0 |
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Gain from foreign exchange transactions |
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0.0 |
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1,588.5 |
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Other operating income |
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3,511.9 |
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18,667.0 |
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Total operating income |
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1,180,480.4 |
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934,635.7 |
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LESS: |
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Interest expense |
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(439,967.4 |
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(307,904.6 |
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Loss from trading and mark-to-market |
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(37,687.0 |
) |
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(44,154.7 |
) |
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Fee expense |
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(26,071.7 |
) |
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(23,561.3 |
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Loss from foreign exchange transactions |
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(44,248.1 |
) |
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0.0 |
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Other operating expenses |
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(28,603.2 |
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(34,045.7 |
) |
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Gross operating income |
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603,903.0 |
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524,969.4 |
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Personnel expenses |
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(111,604.9 |
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(106,380.0 |
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Administrative expenses |
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(81,005.0 |
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(75,969.0 |
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Depreciation and amortizations |
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(28,613.5 |
) |
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(28,749.7 |
) |
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Operating income |
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382,679.6 |
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313,870.7 |
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Provision expense |
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(83,507.5 |
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(48,697.5 |
) |
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Net operating income |
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299,172.1 |
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265,173.2 |
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NON-OPERATING RESULTS |
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Non-operating income |
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10,128.8 |
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19,287.3 |
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Non-operating expenses |
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(23,397.7 |
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(42,290.7 |
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Income attributable to investments in other companies |
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868.0 |
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623.5 |
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Price level restatement |
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(16,262.6 |
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(12,420.8 |
) |
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Income before taxes |
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270,508.6 |
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230,372.5 |
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Income tax expenses |
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(45,683.7 |
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(40,671.3 |
) |
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Income after taxes |
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224,824.9 |
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189,701.2 |
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Minority interest |
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(112.3 |
) |
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(199.4 |
) |
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Net income |
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224,712.6 |
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189,501.8 |
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0.0 |
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0.0 |
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ROBERTO JARA CABELLO |
OSCAR VON CHRISMAR CARVAJAL |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Banco Santander Chile |
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Date: November 8, 2006 |
By: |
/s/ Gonzalo Romero |
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Name: |
Gonzalo Romero |
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Title: |
General Counsel |