Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Santiago Stock Exchange  >  Banco de Crédito e Inversiones    BCI   CLP321331116

BANCO DE CRÉDITO E INVERSIONES

(BCI)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Banco de Credito e Inversiones : Santander nears sale of TotalBank to Chile's BCI - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
10/26/2017 | 12:31pm EDT

LONDON/MADRID (Reuters) - Banco Santander (>> Banco Santander) is nearing a deal to sell its U.S. unit TotalBank to Chile's Banco de Crédito e Inversiones (BCI) (>> Banco de Credito e Inversiones SA), two sources familiar with the matter told Reuters, in a move to clean up its balance sheet by shedding non-core assets.

LONDON/MADRID (Reuters) - Banco Santander (>> Banco Santander) is nearing a deal to sell its U.S. unit TotalBank to Chile's Banco de Crédito e Inversiones (BCI) (>> Banco de Credito e Inversiones SA), two sources familiar with the matter told Reuters, in a move to clean up its balance sheet by shedding non-core assets.

BCI owns City National Bank of Florida and was recently in talks with TotalBank's former owner Banco Popular, the sources said.

If successful, a sale of Miami-based TotalBank to BCI could be worth more than $400 million, one of the sources said.

TotalBank has more than $2.9 billion(£2.2billion) in assets across 18 locations, according to its website, and a deal could be sealed in a few weeks, another source said.

Santander inherited TotalBank earlier this year as part of its takeover of struggling Popular which was cleared by EU regulators in August.

Santander's boss Jose Antonio Alvarez confirmed earlier that the lender was in the process of selling TotalBank but declined to comment on BCI.

BCI Chief Executive Eugenio von Chrismar said in July that a deal for TotalBank was a "possibility."

BCI declined to provide further comment.

(Additional reporting by David French and Felipe Iturrieta Gonzalez; Editing by Rachel Armstrong and Susan Fenton)

By Pamela Barbaglia and Jesús Aguado

Stocks treated in this article : Banco Santander, Banco de Credito e Inversiones SA
Stocks mentioned in the article
ChangeLast1st jan.
BANCO DE CRÉDITO E INVERSIONES -0.94% 29600 End-of-day quote.-1.33%
BANCO SANTANDER, S.A. 0.63% 2.248 End-of-day quote.-1.83%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BANCO DE CRÉDITO E INVERSI
04/03BANCO DE CRÉDITO E INVERSIONES : Ex-dividend day for final dividend
FA
2019BANCO DE CREDITO E INVERSIONES SA : 4.211718% Stock Dividend
FA
2019BANCO DE CREDITO E INVERSIONES SA : Ex-dividend day for final dividend
FA
2018BANCO DE CREDITO E INVERSIONES SA : RIGHTS ISSUE: 0.076507 new shares @ 41500 CL..
FA
2018BANCO DE CREDITO E INVERSIONES SA : 1.032598% Stock Dividend
FA
2018BANCO DE CREDITO E INVERSIONES SA : Ex-dividend day for final dividend
FA
2017BANCO SANTANDER : Santander Agrees to Sell TotalBank to BCI for $528 Million
DJ
2017BANCO DE CREDITO E INVERSIONES SA : 1.117357% Stock Dividend
FA
2017BANCO SANTANDER : Santander Nears Deal to Sell TotalBank to Chile's Banco de Cre..
DJ
2017BANCO DE CREDITO E INVERSIONES : Santander nears sale of TotalBank to Chile's BC..
RE
More news
Financials (CLP)
Sales 2019 1 877 B
EBIT 2019 921 B
Net income 2019 409 B
Debt 2019 -
Yield 2019 3,33%
P/E ratio 2019 9,81x
P/E ratio 2020 9,53x
Capi. / Sales2019 2,23x
Capi. / Sales2020 2,09x
Capitalization 4 192 B
Chart BANCO DE CRÉDITO E INVERSI
Duration : Period :
Banco de Crédito e Inversi Technical Analysis Chart | BCI | CLP321331116 | MarketScreener
Technical analysis trends BANCO DE CRÉDITO E INVERSI
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 41 717,14  CLP
Last Close Price 29 600,00  CLP
Spread / Highest target 72,3%
Spread / Average Target 40,9%
Spread / Lowest Target 25,0%
EPS Revisions
Managers
NameTitle
Eugenio von Chrismar Carvajal Chief Executive Officer
Luis Enrique Yarur Rey Chairman
Patricio Subiabre Montero Chief Operating & Technology Officer
José Luis Ibaibarriaga Martínez Chief Financial Officer & Controller
Lionel Olavarría Leyton Vice Chairman
Sector and Competitors