End-of-day quote
Santiago S.E.
06:00:00 2024-06-06 pm EDT
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5-day change
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1st Jan Change
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43.75
CLP
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-0.79%
|
|
+0.69%
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+1.74%
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Banco Santander Chile : Pilar III – Market Disicpline (English)
May 15, 2024 at 03:14 pm EDT
Index
March 2023
|
Pillar III Market Discipline and Transparency
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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
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Table 3
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LR2
|
LR2 - Summary of leverage ratio exposure measure
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Table 4
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Liquidity Risk
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LIQ1
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LIQ1 - Liquidity Coverage Ratio (LCR)
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Table 5
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Notes
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The information relating to Pillar III is published independently on Banco Santander website
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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.
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The information is presented at a consolidated level. The local and global consolidated perimeter is the same, since there are no subsidiaries abroad.
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Table 1
KM1 - Key Parameters
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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
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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
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CET1 coefficient with ECL accounting model with full application of the rules (%)
| |
5b
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CET1 coefficient (%) (coefficient before the application of the minimum weight)
| |
6
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Tier 1 Capital coefficient (%)
|
12.08%
|
12.66%
|
12.77%
|
12.89%
|
12.40%
|
6a
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Tier 1 capital ratio with ECL accounting model with full application of the rules (%)
| |
6b
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Tier 1 capital coefficient (%) (coefficient before the application of the minimum weight)
| |
7
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Effective equity coefficient (%)
|
17.02%
|
17.64%
|
17.14%
|
17.52%
|
17.00%
|
7a
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Coefficient of effective equity with ECL accounting model with full application of the rules (%)
| |
7b
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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
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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.
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**Average data, as required in RAN 21.20
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***Data reprocessed with respect to the March 2023 Pillar III Report, due to incorrect interpretations of the norm.
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Table 2
OV1 - RWA Presentation
|
1Q2024
|
4Q2023
|
1Q2024
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APR
|
APR
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Requerimientos mínimos de capital
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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
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Equity positions with the simple risk weight method and the internal models method during the transitional period of five years
| | | |
12
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Investment funds in the banking book - constituent method
| | | |
13
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Investment funds in the banking book - internal regulation method
| | | |
14
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Mutual fund in the banking book - alternative method
| | | |
15
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Settlement risk
| | | |
16
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Securitization exposures in the banking book
| | | |
17
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Of which, using the IRB methodology for securitization
| | | |
18
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Of which, using the external ratings-based method for securitizations (SEC-ERBA), including internal evaluation method (IAA)
| | | |
19
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Of which, using the standardized methodology for securitizations (SEC-SA)
| | | |
20
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Market risk (MES)
|
5,280,288
|
4,793,740
|
422,423
|
21
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Of which, using the standardized methodology
| | | |
22
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Of which, using internal methodologies
| | | |
23
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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
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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
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4
|
Exposure with derivative financial instruments (credit equivalents)
|
-9,546,799
|
5
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Adjustments for financing transactions with SFT securities (ie repos and similar collateralized loans)
| |
6
|
Adjustments for contingent credit exposures
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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
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***Data reprocessed with respect to the March 2023 Pillar III Report, due to incorrect interpretations of the norm.
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Table 4
LR2 - Summary of leverage ratio exposure measure
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Amounts in MMCLP, Average data for the quarter
|
1Q2024
|
On-balance sheet exposures
|
Consolidated
|
1
|
On-balance sheet exposures (excluding derivatives)
|
60,358,466
|
2
|
(Asset amounts deducted in determining Basel III Tier 1 capital)***
|
-93,165
|
3
|
Total on-balance sheet exposures (excluding derivatives)
|
60,265,301
|
Derivative exposures
|
4
|
Credit equivalent associated with all operations with derivatives (fair value and additional amount)
|
4,255,916
|
5
|
Add-on amounts for potential future exposures associated with all derivative transactions
| |
6
|
Gross collateral provided for the deduction of assets from the balance sheet in accordance with the accounting framework
| |
7
|
(Deductions of receivables assets for cash variation margin provided in derivatives transactions)
| |
8
|
(ECC tranche exempted for exposures to commercial operations settled by the client)
| |
9
|
Adjusted effective notional amount of written credit derivatives
| |
10
|
(Adjusted effective notional offsets and add-on deductions for written credit derivatives)
| |
11
|
Total derivative exposures
|
4,255,916
|
Exposures from securities financing operations (SFT)
| |
12
|
Gross SFT assets (without recognized offsets), after adjusting for sales accounting transactions
| |
13
|
(Netted amounts of cash payables and cash receivables of gross SFT assets)
| |
14
|
Counterparty credit risk exposure for SFT assets
| |
15
|
Agent transaction exposures
| |
16
|
Total securities financing transaction exposures
| |
Other off-balance sheet exposures
| |
17
|
Off-balance sheet exposure valued at gross notional amount
|
12,584,492
|
18
|
(Conversion adjustments to credit equivalents)
|
-9,971,741
|
19
|
Off-balance sheet items
|
2,612,751
|
Capital and total exposures
| |
20
|
Tier 1 capital
|
4,331,742
|
21
|
Total exposures
|
67,133,967
|
Leverage Ratio
| |
22
|
Basel III leverage ratio
|
6.65%
|
*Average information for the quarter
|
***Data reprocessed with respect to the March 2023 Pillar III Report, due to incorrect interpretations of the norm.
|
Table 5
LIQ1 - Liquidity Coverage Ratio (LCR)
|
1Q2024
|
Amounts in MMCLP, Average data for the quarter
|
Total unweighted value (average)
|
Total weighted value (average)
|
High-quality liquid assets
|
Consolidated
|
1
|
HQLA
|
7,871,275
|
7,870,414
|
Cash outflows
|
2
|
Retail deposits and deposits from small business customers, of which:
|
17,950,947
|
1,191,607
|
3
|
Stable deposits
|
12,069,753
|
603,488
|
4
|
Less stable deposits
|
5,881,195
|
588,119
|
5
|
Unsecured wholesale funding, of which:
|
3,170,619
|
2,527,604
|
6
|
Operational deposits (all counterparties) and deposits in networks of cooperative banks
|
-
|
-
|
7
|
Non-operational deposits (all counterparties)
|
3,026,167
|
2,383,152
|
8
|
Unsecured debt
|
144,452
|
144,452
|
9
|
Secured wholesale funding
|
644,700
|
128,940
|
10
|
Additional requirements, of which:
|
12,552,415
|
2,788,801
|
11
|
Outflows related to derivative exposures and other collateral requirements
|
2,102,847
|
2,103,221
|
12
|
Outflows related to loss of funding on debt products
|
-
|
-
|
13
|
Credit and liquidity facilities
|
10,449,569
|
685,580
|
14
|
Other contractual funding obligations
|
4,939,788
|
1,598,023
|
15
|
Other contingent funding obligations
|
2,362,491
|
231,031
|
16
|
TOTAL CASH OUTFLOWS
|
8,466,006
|
Cash inflows
|
17
|
Secured lending (eg reverse repos)
|
6,573,821
|
1,109,096
|
18
|
Inflows from fully performing exposures
|
1,438,326
|
1,431,041
|
19
|
Other cash inflows
|
2,931,897
|
2,068,829
|
20
|
TOTAL CASH INFLOWS
|
4,608,967
|
Total Ajustado
|
21
|
Total HQLA
|
7,870,414
|
22
|
Total net cash outflows
|
3,923,076
|
23
|
Liquidity Coverage Ratio (%)
|
201.99%
|
*Average information for the quarter
|
|