SAN: Strong capital base to fund growth

Strong capital base to fund growth. The Bank's BIS ratio as of March 31, 2008 reached 13.3% with a Tier I ratio of 10.3%. Banco Santander Chile held its annual Ordinary Shareholders' Meeting on April 22, 2008. During the meeting, a dividend of Ch$1.06460 per share was approved, corresponding to 65% of 2007 net income and 8.1% higher than the dividend paid in 2007. In US dollars the dividend should be approximately US$2.37 per ADR and 21.4% higher than the last yearly dividend paid. This corresponded to a dividend yield of 4.5% based on local share price on the record date. Immediately following the payment of the dividend, the Bank's BIS ratio should be approximately 11.9% and the Tier I ratio 8.8%. (This was found at FOXBUSINESS.COM) Dow Jones reported that according to stock market filing Banco Santander-Chile issued local bonds worth $181.5 million. Banco Santander-Chile placed the 5.4-year bond, denominated in the UF inflation-indexed currency unit, at a yield of 3.57%. This talk about bonds might seems pointless, but it is not at all pointless. You see Banco (SAN) is handing out handing out bonds that have a 3.57% yield. This bond is one of the highest that i have seen of late. On top of that when a bank starts using bonds that are inflation safe with high interest that means there stock price is going to increase due to the popularity of revenue. The last thing that I want to write about this company is that there are only Three BANKS TO chose from in CHILE. This means that there are only three fish in the large pond of opportunities. What should you do???? buy this stock now because this price will not stay low for long. I see 20% increase on the way very fast. Before I let you go here is one last piece of news and updates for you... Santander (SAN.MC, STD.N) is the largest bank in the euro zone by market capitalization and fifth in the world by profit. Founded in 1857, Santander has EUR 912,915 million in assets and EUR 1,063,892 million in managed funds, 65 million customers, 11,178 branches and a presence in 40 countries. It is the largest financial group in Spain and Latin America, and is the sixth largest bank in the United Kingdom, through its Abbey subsidiary, and is the third largest banking group in Portugal. Through Santander Consumer Finance, it also operates a leading consumer finance company in 12 European countries (Germany, Italy and Spain, among others) and the United States. In 2007, Santander registered 9,060 million euros in net attributable profits, an increase of 19% from the previous year. In Latin America, Santander manages over US$200 billion in business volume (loans, deposits, mutual funds, pension funds and managed funds) through 4,498 offices. In 2007, Santander reported $3,648 million in net attributable income in Latin America, 27% higher than the previous year. (this too was found on FOXBUSINESS .COM)