Banco Santander-Chile (BSANTANDER) investor relations material

Executive summary

• Achieved net income attributable to shareholders of Ch$1.053 billion for 2025, up 22.8% year-over-year, with ROAE of 23.5% for 12M25, compared to 20.2% in 12M24.

• Operating income rose 10.2% YoY, driven by improved net interest margin, higher fees, and financial transaction results.

• Customer base expanded 6.9% YoY to 4.6 million, with digital customers representing 85% of active clients.

• Market share in current accounts reached 21.8% as of November 2025, with strong growth in US dollar accounts and SME cross-selling.

Financial highlights

• Net interest income and readjustments increased 10.9% YoY, with NIM improving from 3.6% to 4.0% in 12M25.

• Net fees grew 8.9% YoY, with a recurrence ratio of 63.7%.

• Efficiency ratio improved to 36.0% from 39.0% YoY; operating expenses rose 1.8%, below inflation.

• CET1 ratio at 11.0%, BIS ratio at 16.9%, and dividend provision set at 60% of 2025 earnings.

• Total assets at Ch$68.1 trillion, total gross loans at Ch$40.9 trillion, and total deposits at Ch$30.6 trillion as of Dec 2025.

• Cost of credit increased to 1.39% from 1.29% YoY; NPL ratio stable at 3.2%.

Outlook and guidance

• For 2026, expects mid-single digit loan growth, NIM around 4%, non-NII mid to high single digit growth, efficiency in the mid-30s, cost of credit near 1.3%, ROAE between 22-24%, and CET1 around 11%.