Technical Analysis for BSAC - Banco Santander - Chile ADS

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. The company offers a range of products, including debit card accounts, checking accounts, savings products, consumer loans, credit cards, auto loans, residential mortgage loans, commercial loans, foreign trade financing, leasing, factoring, mutual funds, and insurance brokerage services; and peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines. It also provides cash management, treasury services, and financial advisory services; insurance brokerage and investment management services; and specialized services for financing, primarily residential projects. In addition, the company offers financial products comprising short–term financing and funding, securities brokerage, interest rate and foreign currency derivatives, securitization services, and other tailor made financial products principally to companies in the wholesale banking and the middle–market segments. It serves individuals, corporations, and real estate sector, as well as institutional clients, such as universities, government agencies, municipalities, and regional governments. The company operates 504 total branches, which include 269 under the Santander brand name, 93 under the Santander Banefe brand name, 45 under the SuperCaja brand name, 44 under the BancaPrime brand name, and 53 as auxiliary and payment centers. Banco Santander-Chile was founded in 1977 and is headquartered in Santiago, Chile. Banco Santander-Chile is a subsidiary of Banco Santander S.A.