Banco Santander - Chile ADS (BSAC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. And I'd like to welcome you to Banco Santander Chile's third quarter 2025 earnings conference call on the 5th of November, 2025. Please note that at this point, all participant lines are in listen-only mode. After the call, there'll be an opportunity to ask questions. So with this, I'll now like to pass the line to Patricia Perez, the chief financial officer. Please go ahead. Good morning, everyone. Patricia Perez- Welcome to Banco Santander Thiele's third quarter 2025 results webcast and conference call. Patricia Perez- This is Patricia Perez, CFO, and I'm joined today by Christian Vicuña, head of strategy and IR, and Lorena Palomeque, our economist. Thank you everyone for joining us today for the review of our performance and results in the third quarter. Today, Lorena will start with an overview of the economic environment, and then Cristian will go through the key strategy points and the results of the bank in the third quarter of the year. After that, we will have a Q&A session where we will be happy to answer your questions. So let me hand over to Lorena. Thanks, Patricia. During the third quarter of 2025, we observed positive economic indicators in the Chilean economy. Preliminary MACEX figures suggest GDP growth around 2% year-on-year in Q3, or almost 3% when excluding mining. While we await the full national accounts report on November 18, which will also include Q1 and Q2 revisions, we estimate GDP growth of 2.4% by the end of this year and close to 2% for next year. We are now just a few days away from the presidential and congressional elections in Chile. Also, the outcome is still uncertain. Polls suggest that a change in the government administration with an opposition candidate is the most likely scenari...