bancocan somebody tell me the difference between san and bsac thanks
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SAN is Banco Santander, the big Spanish banking group. BSAC is Banco Santander Chile, the largest bank in Chile and a child of Banco Santander. I don’t know how much of BSAC is still owned by SAN, but it’s probably clear in the BSAC filings if you want to look into it — many of the big South American banks connected to big Spanish and Portuguese banks in some way, though there have been big divestments, mergers and other large deals among the top 10-15 latin american banks over the years just like there have been in banking circles elsewhere, so the big have been getting a lot bigger.
hi, do you think that SAN is a steal at PEG .09,PE 1.14 , PB .23 ,PC .17 ,divd 15% . 50% of their business outside of Spain,
I’ve never looked at SAN — I know some folks have wanted to jump on it as “too beaten down” by the collapse of Spain, but I don’t know if they’ll survive in the end or not. They are big and they have a good reputation compared to other big european banks, but I haven’t tried to look into the numbers at all. Do keep in mind that most investors don’t trust the book value on any of the European banks, most of them (or maybe all) have been very slow in writing down assets.