Banco Santander - Chile ADS (BSAC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by and I would like to welcome you to Banco Santander Chile's second quarter 2026 earnings conference call on August 5, 2026. Please note at this point all participant lines are in listen-only mode. After the call, there will be an opportunity to ask questions. So with this, I would now like to pass the line to Patricia Perez The Chief Financial Officer. Please go ahead. Good morning everyone and thank you for joining us today. I am Patricia Perez, CFO of Banco Santander-Chile and I'm joined by Cristian Vicuna, Head of Strategy and Investor Relations and Andrés Sansone, Chief Economist. This quarter reinforces the strength of our franchise. High profitability, disciplined cost management, and a solid capital position. While we continue to execute our strategy to deliver a simpler and enhanced value proposition to customers with a focus on sustainable growth and shareholder returns. First, Andrés will give you an overview of the economic and regulatory environment. Cristian will then walk you through our strategy, our second quarter results, and our updated view for 2026. Finally, we will conclude with a Q&A session. With that, let me turn it over to Andrés Sansone. Thanks, Patricia. Let me start with the big picture. Since our last webcast, the global backdrop has remained complex. External inflationary pressures remain, with geopolitical tensions driving oil prices and the inflationary scenario for Chile. At the same time, long-term rates have moved higher and expectations from monetary policy abroad have shifted upward, leaving global financial conditions less supportive. For Chile, this has translated into a weaker peso, around 930 pesos per dollar during the last month, and renewed pressures on short-term inflation. Lo...