Banco Santander Chile : Pilar III – Market Disicpline (English)
May 15, 2024 at 03:14 pm
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Index
March 2023
Pillar III Market Discipline and Transparency
Capital
KM1
KM1 - Key Parameters
Table 1
OV1
OV1 - RWA Presentation
Table 2
Leverage Ratio
LR1
LR1 - Comparative Summary of Accounting Assets vs. Leverage Ratio Exposure Measure
Table 3
LR2
LR2 - Summary of leverage ratio exposure measure
Table 4
Liquidity Risk
LIQ1
LIQ1 - Liquidity Coverage Ratio (LCR)
Table 5
Notes
The information relating to Pillar III is published independently on Banco Santander website
Banco Santander Chile does not have internal methodologies for Credit Risk Weighted Assets calculation in accordance with Chapter 21-6 of the RAN, therefore tables CMS1 and CR8 do not apply in this case.
The information is presented at a consolidated level. The local and global consolidated perimeter is the same, since there are no subsidiaries abroad.
Table 1
KM1 - Key Parameters
Amounts expressed in MMCLP
1Q2024
4Q2023
3Q2023
2Q2023
1Q2023
Available capital (amounts)
Consolidado
1
Common Equity Tier 1 (CET1)
4,209,225
4,397,881
4,275,569
4,247,994
4,015,590
1a
Fully loaded ECL accounting model CET1
2
Tier 1 capital
4,892,823
5,006,601
5,093,927
4,998,893
4,759,663
2a
Fully loaded ECL accounting model Tier 1
3
Total capital
6,893,544
6,978,733
6,840,461
6,792,358
6,526,885
3a
Fully loaded ECL accounting model total capital
Risk-weighted assets (amounts)
4
Total Risk Weighted Assets (RWA)
40,507,760
39,552,229
39,899,327
38,781,025
38,386,948
4a
Total Risk Weighted Assets (before the application of the minimum weight)
Risk-Based Capital Ratios (% of RWAs)
5
Common Equity Tier 1 ratio(%)
10.39%
11.12%
10.72%
10.95%
10.46%
5a
CET1 coefficient with ECL accounting model with full application of the rules (%)
5b
CET1 coefficient (%) (coefficient before the application of the minimum weight)
6
Tier 1 Capital coefficient (%)
12.08%
12.66%
12.77%
12.89%
12.40%
6a
Tier 1 capital ratio with ECL accounting model with full application of the rules (%)
6b
Tier 1 capital coefficient (%) (coefficient before the application of the minimum weight)
7
Effective equity coefficient (%)
17.02%
17.64%
17.14%
17.52%
17.00%
7a
Coefficient of effective equity with ECL accounting model with full application of the rules (%)
7b
Effective equity coefficient (%)(coefficient before the application of the minimum floor)
Additional core capital (% of RWAs)
8
Capital conservation buffer requirement (%)
1.88%
1.88%
1.25%
1.25%
1.25%
9
Countercyclical buffer requirement (%)
0.00%
0.00%
0.00%
0.00%
0.00%
10
D-SIB additional requirements (%)
0.75%
0.75%
0.38%
0.38%
0.38%
11
Total of bank CET1 specific buffer requirements (%)
2.63%
2.63%
1.63%
1.63%
1.63%
12
CET1 available after meeting the bank's minimum capital requirements (%)
5.89%
6.62%
6.22%
6.45%
5.96%
Leverage ratio**
13
Total leverage ratio exposure measure
67,133,967
65,640,466
64,356,360
63,379,427
62,383,147
14
Leverage ratio (%)
6.45%
6.76%
6.76%
6.58%
6.65%
14a
Basel III leverage ratio with full application ECL accounting model (%) (including the effects of any applicable temporary exemptions from central bank reserves)
14b
Basel III leverage ratio (%) (excluding the effects of any applicable temporary exemptions from central bank reserves)
Liquidity Coverage Ratio (LCR)**
15
Total high-quality liquid assets (HQLA)
7,870,414
6,878,276
6,089,482
6,259,639
6,929,416
16
Total net cash outflow
3,852,977
3,730,018
3,210,693
3,561,508
4,097,644
17
LCR (%)
206.56%
184.11%
189.69%
176.15%
169.77%
Net Stable Funding Ratio (NSFR)**
18
Total available stable funding
36,885,527
36,240,109
37,504,223
39,136,686
40,377,813
19
Total required stable funding
36,155,728
35,693,462
35,305,907
35,320,773
35,105,094
20
NSFR (%)
102.02%
101.53%
106.23%
110.80%
115.02%
* Banco Santander considers a conservation buffer target of 2.5% to maintain its solvency classification A. As stipulated in chapter 1-13 of the RAN.
**Average data, as required in RAN 21.20
***Data reprocessed with respect to the March 2023 Pillar III Report, due to incorrect interpretations of the norm.
Table 2
OV1 - RWA Presentation
1Q2024
4Q2023
1Q2024
APR
APR
Requerimientos mínimos de capital
Amounts in MMCLP
Consolidated
1
Credit risk (excluding counterparty credit risk and securitization exposures)
27,858,704
27,939,354
2,228,696
2
Standardised approach
27,858,704
27,939,354
2,228,696
3
Internal approach
4
Of which, with the Commission's attribution method.
5
Of which, using the advanced internal ratings-based method (A-IRB)
6
Counterparty credit risk
1,705,276
1,323,023
136,422
7
Of which, using the standardised approach for counterparty credit risk
8
Of which, with the method of internal models(IMM)
9
Of which, other CCRs
10
Credit Valuation Adjustments
11
Equity positions with the simple risk weight method and the internal models method during the transitional period of five years
12
Investment funds in the banking book - constituent method
13
Investment funds in the banking book - internal regulation method
14
Mutual fund in the banking book - alternative method
15
Settlement risk
16
Securitization exposures in the banking book
17
Of which, using the IRB methodology for securitization
18
Of which, using the external ratings-based method for securitizations (SEC-ERBA), including internal evaluation method (IAA)
19
Of which, using the standardized methodology for securitizations (SEC-SA)
20
Market risk (MES)
5,280,288
4,793,740
422,423
21
Of which, using the standardized methodology
22
Of which, using internal methodologies
23
Operational risk
4,640,781
4,424,739
371,263
24
Amounts below the thresholds for deduction
1,022,711
1,071,372
81,817
25
Minimum floor adjustment (aggregate capital)
26
Total (1+6+12+13+14+16+20+23+24+25)
40,507,760
39,552,229
3,240,621
Table 3
LR1 - Comparative Summary of Accounting Assets vs. Leverage Ratio Exposure Measure
1Q2024
Amounts in MMCLP, Average data for the quarter
Consolidated
1
Total consolidated assets as per published financial statements
74,217,885
2
Adjustments on CET1***
-93,165
3
Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative accounting framework but excluded from the leverage ratio exposure measure
4
Exposure with derivative financial instruments (credit equivalents)
-9,546,799
5
Adjustments for financing transactions with SFT securities (ie repos and similar collateralized loans)
6
Adjustments for contingent credit exposures
2,612,751
7
Other adjustments (assets generated by the intermediation of financial instruments in its own name on behalf of third parties, others)
-56,705
8
Leverage ratio exposure measure
67,133,967
*Average information for the quarter
***Data reprocessed with respect to the March 2023 Pillar III Report, due to incorrect interpretations of the norm.
Banco Santander-Chile published this content on
15 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 May 2024 19:13:01 UTC.
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank's segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations. The Global Corporate Banking segment consists of foreign and domestic multinational companies. The Corporate Activities segment includes its Financial Management Division, which develops global management functions. It provides a range of commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a range of retail banking services, including mortgage financing. In addition to its traditional banking operations, the Bank offers a range of financial services.
BANCO SANTANDER-CHILE 
