Banco Santander-chile · BCS:BSANTANDER
Banco Santander-chile — Q2 2026 Earnings Presentation
29 slides from Banco Santander-chile's earnings presentation, Aug 5, 2026
Slide 1: Banco Santander Chile 2Q26 results
Banco Santander Chile 2Q26 results August 5, 2026
Slide 2: Important information
Important information Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without
Slide 3: Macro environment
01 Macro environment
Slide 4: Macro view
Macro view Global uncertainty persists, while Chile’s macro outlook shows gradual normalization. GDP growth (annual growth %) Inflation (annual UF variation %) Monetary Policy Rate (%, eop) 11.3% 13.3% 11.25% 8.25% 6.6% 5.00% 4.50% 4.50% 4.8% 4.00% 4.25% 3.0% 4.4% 4.2-4.5% 2.8% 2.5% 3.4% 3.0% 2.1% 1
Slide 5: Regulatory environment
Regulatory environment Pro-market initiatives to reactivate growth National Reconstruction Plan Bill: expected to be passed in August, with first impacts as of October 2026 EconomicGrowthDrivers HouseholdSupportMeasures Gradual reduction in corporate tax rate from Temporary VAT exemption on new home
Slide 6: Strategy
02 Strategy
Slide 7: Our strategy, pillars & objectives
Our strategy, pillars & objectives Driving customer value, global scale and efficiency through global platforms. Pillars & Objectives Think Customer Think Global Think Value Becoming the best value Accelerating our Digital Delivering strong returns Digital Bank with Work/Café… proposition for all ou
Slide 8: Diversified platform supporting balanced revenue mix
Diversified platform supporting balanced revenue mix Five global business lines with complementary strengths and clear strategic focus Our 5 global business lines Revenue and balance sheet mix by segment Digital transformation and simplification of products 66% Retail & and processes. Implement new,
Slide 9: Recognition of our strategy’s success
Recognition of our strategy’s success We have been highly recognized for leading the market Awards and recognitions Sustainability ratings & indices • Euromoney : Best Bank in Chile, Best • Dow Jones Best -in Class World Index: first Chilean Bank for ESG and Best Bank for SMEs in bank to be included
Slide 10: Balance sheet and results
03 Balance sheet and results
Slide 11: ROAE
ROAE Strong quarterly income driven by higher inflation ROAE (quarterly %) Net income attributable to shareholders(Ch$ million) 40.4 % YoY 2.46% 40.0% QoQ 40.0% 0.96% 0.56% 0.61% 0.29% 2.00% 31.5% 30.0% 0.00% 24.5% 382,570 21.8% 21.9% 23.0% -2.00% 20.0% 272,558 247,515 255,339 273,189 -4.00% -6.00%
Slide 12: Loans and Customer funds
Loans and Customer funds Better loan growth in the quarter while total customer funds increased 4.5%QoQ Total loans by product Customer funding (Ch$ billion) 6M26 YTD (%) QoQ (%) (Ch$ billion) 6M26 YTD (%) QoQ (%) Consumer 6,066 0.1% (0.6%) Demand deposits 13,944 (0.9%) 1.4% Auto Loans 1 1,134 4.9%
Slide 13: Net interest income, NIM and Inflation
Net interest income, NIM and Inflation High inflation drives NIM of 4.7% in the quarter. UF Variation (Quarterly) Net interest income (NII) 2.46% (Ch$ billion) 6M26 YoY (%) QoQ (%) 0.96% 0.56% 0.61% Net interest income 905.2 5.4% (2.1%) 0.29% Net readjustment income 205.3 17.7% 441.2% Q2'25 Q3'25 Q4
Slide 14: Clients, Fees, ROF
Clients, Fees, ROF Rapidly monetizing expansion of client base through digital accounts and transactionality . 4.8 million clients 2.7 million active clients Fees & Financial Transactions +7% YoY +1.3% YoY +56% (Ch$ billion) 6M26 YoY (%) QoQ (%) Total customers Active customers Of total clients are
Slide 15: Operating Expenses & Efficiency
Operating Expenses & Efficiency Best in class: Efficiency ratio 31.6% YTD , with recurrence of 64.1%. Efficiency1 (%, Industry figures as of May 2026) Operating expenses Santander Competition Worst 31.6% 43.1% 57.1% (Ch$ billion) 6M26 YoY (%) QoQ (%) Most efficient bank in Chile Personnel expenses 2
Slide 16: Cost of Risk & NPLs
Cost of Risk & NPLs Cost of risk at 1.38% YTD with stable asset quality dynamics Cost of Credit1 (YTD) NPLs and NPL ratio2 (Ch$bn, %) 3.1% 3.2% 3.3% 3.4% 1.39% 1.38% 1,700 3.0% 3.0% 1,500 1,436 1,333 1,352 1,230 1,258 2.0% 1,300 1,100 1.0% 6M25 6M26 900 0.0% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Cost of Cre
Slide 17: Capital & CET1
Capital & CET1 CET1 +200bp above regulatory minimum, positive advances in regulations Core capital & BIS ratio Risk weighted assets distribution (Ch$bn) 100% Basel III Minimum Requirements 2026 16.9% 16.4% 43,760 CET1 9.08% 70% 4.5% 4.0% Minimum CET1 regulatory 4.50% 30,872 1.6% 1.5% D-SIB 1.50% 18%
Slide 18: Conclusions
04 Conclusions
Slide 19: Guidance 2026
Guidance 2026 Initial 2026 targets Update on our delivery Loan Growth Mid-single digits Mid-single digits Macro Expectations NIM c. 4% c. 4.1% for 2026 Non-NII Mid to High Single Mid Single Digit GDP 1.0% Digit growth growth UF variation 4.2-4.5% Efficiency Mid 30%s Low 30%s MPR Average 4.5% CoR ~1.
Slide 20: Thank you!
Slide 21: Annexes
05 Annexes
Slide 22: Evolution of asset quality
Evolution of asset quality Mortgage Loans Commercial Loans Consumer Loans NPLs 1 (Ch$ bn, %) Coverage 3 34% Coverage 3 119 % Coverage 3 387% 1,200 3.4% 4.0% 1,200 4.1% 4.1% 4.0% 3.9% 4.5% 400 3.0% 3.8% 3.6% 3.4% 3.6% 3.7% 2.4% 2.5% 3.1% 3.2% 3.5% 4.0% 2.4% 2.3% 2.2% 2.2% 2.2% 1,000 2.9% 1,000 350 2.
Slide 23: Solid balance structure and liquidity levels
Solid balance structure and liquidity levels Structural balance sheet (US$bn, June 2026) Consumo 6.1 Balance Sheet sensitivities Demand Deposits 15.1 Inflation: • +100bp in inflation = +15 bp of NIM app. Comerciales 18.3 • Approx 57% of loans are linked to inflation. • UF Gap is managed through some
Slide 24: A diversified and universal bank
A diversified and universal bank Composition of our loanbook (%,June 2026) 100% Interbank loans , 0.1% Social services and other communal services; 27.4% 90% Consumer , 14.9% Trade ; 20.8% Loan book: Real estate services; 13.3% 80% Agriculture, livestock, fishing, forestry, etc.; 8.7% • Loans: 57% I
Slide 25: Annexes
Annexes Jun-26 Dec-25 Jun-26/Dec -25 Assets Ch$ Million % Chg . Cash and deposits in banks 1,895,212 1,975,644 (4.1%) Cash items in process of collection 2,236,352 1,185,633 88.6% 11,100,132 11,594,405 (4.3%) Financial assets for trading at fair value through earnings Financial derivative contracts
Slide 26: Annexes
Annexes Jun-26 Dec-25 Jun-26/Dec -25 LIABILITIES Ch$ Million % Chg. Cash items in process of being cleared 2,112,752 1,068,216 97.8% Financial liabilities for trading at fair value through earnings 10,049,335 10,587,308 (5.1%) Financial derivative contracts 10,049,335 10,587,308 (5.1%) Financial der
Slide 27: Annexes
Annexes Jun-26 Jun-25 Jun-26/Jun-25 Ch$ Million % Chg. Interest income 1.674.469 1.691.718 (1,0%) Interest expense (769.256) (832.574) (7,6%) Net interest income 905.213 859.144 5,4% Readjustment income 366.804 259.697 41,2% Readjustment expense (161.515) (85.295) 89,4% Net readjustment income 205.2
Slide 28: Annexes
Annexes 2Q26 1Q26 2Q25 2Q26/2Q25 2Q26/1Q26 Ch$ Million % Chg. Interest income 842.165 832.304 853.701 (1,4%) 1,2% Interest expense (394.461) (374.794) (418.395) (5,7%) 5,2% Net interest income 447.704 457.509 435.306 2,8% (2,1%) Readjustment income 324.532 42.272 127.813 153,9% 667,7% Readjustment e
Slide 29: Annexes
Annexes (GhS mittion) 2025 3025 4025 1026 2026 Asset quality: Impaired portfotio® 2789706 2813387 2.941.628 3.030.481 3.120504 [Non-Performing Loans (NPLs) * 1220890 1257.571 1,332,660 1352285 1,435,695 Past due loans (more than 90 days)? 613.698 (664.852 697.4357 Tear T3657 Provisions (1296.72) (13
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