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BSAC - Banco Santander-Chile GAAP EPADR of $0.25 misses by $0.06
Banco Santander - Chile ADS
Banco Santander-Chile press release ( NYSE: BSAC ): Q4 GAAP EPADR of $0.25 misses by $0.06 .
The Bank's total deposits decreased 4.3% QoQ and 3.4% compared to December 31, 2021. Also, demand deposits decreased 2.9% QoQ and 21.3% compared to December 31, 2021, due to the fact that the increase in rates led our clients to switch to more attractive time deposits that grew 28.1% compared to December 31, 2021.