Banco Santander Chile Announces Important Dividend Dates

SANTIAGO, Chile, April 16, 2012 /PRNewswire/ -- As indicated by the Board of Directors, Banco Santander Chile's (NYSE: BSAC; SSE: Bsantander) Annual Ordinary Shareholders' Meeting will be held on April 24, 2012 at 5:00pm at the Bank's headquarters on Bandera 140 12th Floor. Shareholders will be asked to approve the payment of a dividend of Ch$1.38527763 per share or 60% of 2011 net income attributable to shareholders as a dividend.

If this dividend is approved, the following are some important dates:

Institutional Background

As per the latest public records published by the Superintendency of Banks of Chile for December 2011, Banco Santander Chile was the largest bank in terms of assets. The Bank has among the highest credit ratings among all Latin American companies, with an A rating from Standard and Poor's, A+ from Fitch and Aa3 by Moody's, which are the same ratings assigned to the Republic of Chile. The stock is traded on the New York Stock Exchange (NYSE: BSAC) and the Santiago Stock Exchange (SSE: Bsantander). The Bank's main shareholder is Santander, which controls 67% of Banco Santander Chile.

For more information see www.santander.cl