Banco
Santander Chile
|
Santander
Chile Bank
|
(Translation
of Registrant’s Name into English)
|
Bandera
140
|
Santiago,
Chile
|
(Address
of principal executive office)
|
Form
20-F
|
x
|
Form
40-F
|
o
|
Yes
|
o
|
No
|
x
|
Yes
|
o
|
No
|
x
|
Yes
|
o
|
No
|
x
|
Item
|
||
1.
|
First
Half 2009 Financial Statements (English, Free
translation)
|
BANCO
SANTANDER-CHILE
|
|||
By:
|
/s/ Juan Pedro Santa María | ||
Name: Juan Pedro Santa María | |||
Title: General Counsel | |||
June
30
|
June
30
|
December
31
|
January
1
|
|||||||||||||
2009
(in
millions)
CLP
|
2008
(in
millions)
CLP
|
2008
(in
millions)
CLP
|
2008
(in
millions)
CLP
|
|||||||||||||
ASSETS
|
||||||||||||||||
Cash
and bank deposits
|
942,065 | 1,280,559 | 855,411 | 1,108,637 | ||||||||||||
Operations
pending settlement
|
426,647 | 487,591 | 335,405 | 316,240 | ||||||||||||
Instruments
for trading
|
1,003,448 | 893,938 | 1,166,426 | 1,093,445 | ||||||||||||
Repurchase
contracts and securities loans
|
13,212 | 11,697 | - | 33,999 | ||||||||||||
Financial
derivative contracts
|
1,502,295 | 1,233,562 | 1,846,509 | 780,775 | ||||||||||||
Owed
by banks
|
57,800 | 150,406 | 95,499 | 45,961 | ||||||||||||
Credits
and accounts receivable from customers
|
13,087,295 | 12,954,140 | 14,311,349 | 12,022,275 | ||||||||||||
Investment
instruments available for sale
|
1,444,802 | 1,080,216 | 1,580,240 | 779,635 | ||||||||||||
Investment
instruments held to maturity
|
- | - | - | - | ||||||||||||
Equity
in companies
|
7,145 | 7,786 | 7,277 | 7,301 | ||||||||||||
Intangibles
|
69,356 | 58,526 | 68,232 | 56,224 | ||||||||||||
Fixed
assets
|
190,997 | 201,234 | 200,389 | 202,489 | ||||||||||||
Current
taxes
|
4,826 | 18,235 | 18,715 | 2,499 | ||||||||||||
Deferred
taxes
|
94,369 | 83,280 | 88,825 | 80,989 | ||||||||||||
Other
assets
|
561,407 | 586,288 | 508,655 | 460,282 | ||||||||||||
TOTAL
ASSETS
|
19,405,664 | 19,047,458 | 21,082,932 | 16,990,751 | ||||||||||||
LIABILITIES
|
||||||||||||||||
Demand
deposits and other demand obligations
|
3,083,814 | 3,194,423 | 2,948,162 | 2,867,934 | ||||||||||||
Operations
pending settlement
|
195,249 | 297,611 | 142,552 | 135,219 | ||||||||||||
Repurchase
contracts and securities loans
|
512,279 | 294,438 | 562,223 | 307,630 | ||||||||||||
Time
deposits and other funds obtained
|
8,342,396 | 8,390,418 | 9,756,266 | 7,887,897 | ||||||||||||
Financial
derivative contracts
|
1,462,558 | 1,081,784 | 1,469,724 | 778,217 | ||||||||||||
Obligations
toward banks
|
1,140,901 | 1,505,196 | 1,425,067 | 1,099,457 | ||||||||||||
Debt
instruments issued
|
2,622,275 | 2,405,006 | 2,651,372 | 2,154,996 | ||||||||||||
Other
financial obligations
|
149,046 | 165,833 | 131,318 | 175,667 | ||||||||||||
Current
taxes
|
34,786 | 1,017 | 791 | 16,067 | ||||||||||||
Deferred
taxes
|
9,567 | 23,949 | 19,437 | 11,084 | ||||||||||||
Provisions
|
122,990 | 92,938 | 166,719 | 50,102 | ||||||||||||
Other
liabilities
|
201,864 | 295,128 | 293,733 | 118,550 | ||||||||||||
TOTAL
LIABILITIES
|
17,877,725 | 17,747,741 | 19,567,364 | 15,602,820 | ||||||||||||
SHAREHOLDERS’
EQUITY
|
||||||||||||||||
Attributable
to Bank shareholders:
|
1,497,019 | 1,276,028 | 1,489,689 | 1,369,797 | ||||||||||||
Capital
|
891,303 | 818,535 | 891,303 | 818,535 | ||||||||||||
Reserves
|
(16,960 | ) | (20,571 | ) | (123,726 | ) | (20,914 | ) | ||||||||
Valuation
accounts
|
(14,199 | ) | (45,900 | ) | (7,552 | ) | (9,475 | ) | ||||||||
Retained
profits:
|
636,875 | 523,964 | 729,664 | 581,651 | ||||||||||||
Retained
earnings from prior fiscal years
|
508,045 | 381,030 | 413,053 | 581,651 | ||||||||||||
Profit
(loss) for fiscal year
|
184,043 | 189,159 | 415,055 | - | ||||||||||||
Minus:
Provision for minimum dividends
|
(55,213 | ) | (46,225 | ) | (98,444 | ) | - | |||||||||
Minority
Interest
|
30,920 | 23,689 | 25,879 | 18,134 | ||||||||||||
TOTAL
SHAREHOLDERS’ EQUITY
|
1,527,939 | 1,299,717 | 1,515,568 | 1,387,931 | ||||||||||||
TOTAL
LIABILITIES AND SHAREHOLDERS’ EQUITY
|
19,405,664 | 19,047,458 | 21,082,932 | 16,990,751 |
June
30
|
June
30
|
|||||||
2009
(in
millions)
CLP
|
2008
(in
millions)
CLP
|
|||||||
OPERATING
INCOME
|
||||||||
Revenue
from interest and adjustments
|
585,535 | 896,399 | ||||||
Expenses
for interest and adjustments
|
(171,651 | ) | (488,143 | ) | ||||
Net
revenue from interest and adjustments
|
413,884 | 408,256 | ||||||
Fee
revenue
|
155,840 | 144,773 | ||||||
Fee
expenses
|
(31,064 | ) | (24,854 | ) | ||||
Revenue
net of fees
|
124,776 | 119,919 | ||||||
Net
profit from financial operations
|
566 | 74,656 | ||||||
Currency
exchange profit (loss), net
|
97,905 | (39,191 | ) | |||||
Other
operating revenue
|
5,426 | 15,711 | ||||||
Total
operating revenue
|
642,557 | 579,351 | ||||||
Credit
risk provisions
|
(186,971 | ) | (131,913 | ) | ||||
NET
OPERATING REVENUE
|
455,586 | 447,438 | ||||||
Personnel
compensation and expenses
|
(112,095 | ) | (115,745 | ) | ||||
Administrative
expenses
|
(67,706 | ) | (65,567 | ) | ||||
Depreciation
and amortization
|
(22,586 | ) | (24,726 | ) | ||||
Deterioration
|
- | - | ||||||
Other
operating expenses
|
(27,710 | ) | (19,772 | ) | ||||
TOTAL
OPERATING EXPENSES
|
(230,097 | ) | (225,810 | ) | ||||
OPERATING
INCOME
|
225,489 | 221,628 | ||||||
Income
from equity in companies
|
766 | 1,333 | ||||||
Income
before income tax
|
226,255 | 222,961 | ||||||
Income
tax
|
(38,075 | ) | (29,035 | ) | ||||
CONSOLIDATED
PROFIT (LOSS) FOR FISCAL YEAR
|
188,180 | 193,926 | ||||||
Attributable
to:
|
||||||||
Bank
shareholders
|
184,043 | 189,159 | ||||||
Minority
Interest
|
4,137 | 4,767 | ||||||
Profit
per share attributable to Bank shareholders:
|
||||||||
(expressed
in pesos)
|
||||||||
Basic
profit
|
0.9766 | 1.0038 | ||||||
Diluted
profit
|
0.9766 | 1.0038 |
June
30
|
June
30
|
|||||||
2009
(in
millions)
CLP
|
2008
(in
millions)
CLP
|
|||||||
CONSOLIDATED
PROFIT (LOSS) FOR FISCAL YEAR
|
188,180 | 193,926 | ||||||
OTHER
INTEGRAL INCOME
|
||||||||
Investment
instruments available for sale
|
10,238 | (27,999 | ) | |||||
Cash
flow coverage
|
(17,417 | ) | (15,887 | ) | ||||
- | - | |||||||
Other
integral income before income tax
|
(7,179 | ) | (43,886 | ) | ||||
Income
tax related to other integral income
|
1,220 | 7,461 | ||||||
Total
other integral income
|
(5,959 | ) | (36,425 | ) | ||||
CONSOLIDATED
INTEGRAL RESULTS IN CURRENT FISCAL YEAR
|
182,221 | 157,501 | ||||||
Attributable
to :
|
||||||||
Bank
shareholders
|
177,396 | 152,734 | ||||||
Minority
Interest
|
4,825 | 4,767 |
BANCO
SANTANDER CHILE
|
||
STATEMENT
OF CHANGES IN SHAREHOLDERS’ EQUITY
|
||
For
the periods ended
|
||
Figures
in millions of pesos
|
Reserves
|
Valuation Accounts
|
Retained Earnings
|
|||||||||||||||||||||||||||||||||||||||||||||||
Capital
|
Reserves and
other
retained profits
|
Merger of
companies under
common control
|
Investment
instruments
available
for sale
|
Cash flow
hedge
|
Other items
|
Income tax
|
Retained
earnings
from prior
fiscal years
|
Profit in current
fiscal year
|
Provision for
minimum
dividends
|
Total
attributable
to shareholders
|
Minority
Interest
|
TOTAL
SHAREHOLDERS’
EQUITY
|
|||||||||||||||||||||||||||||||||||||
Shareholders’
equity as of December 31, 2007
|
818,535 | 49,372 | (2,042 | ) | (5,548 | ) | (5,867 | ) | 1,940 | 273,004 | 308,647 | - | 1,438,041 | 20,047 | 1,458,088 | ||||||||||||||||||||||||||||||||||
Distribution
of previous fiscal year’s income
|
- | - | - | - | - | - | 308,647 | (308,647 | ) | - | - | - | - | ||||||||||||||||||||||||||||||||||||
Subtotal
|
818,535 | 49,372 | (2,042 | ) | (5,548 | ) | (5,867 | ) | 1,940 | 581,651 | - | - | 1,438,041 | 20,047 | 1,458,088 | ||||||||||||||||||||||||||||||||||
Effect
of first Application of IFRS
|
- | (68,244 | ) | - | - | - | - | - | - | - | (68,244 | ) | (1,913 | ) | (70,157 | ) | |||||||||||||||||||||||||||||||||
Shareholders’
equity as of January 1, 2008
|
818,535 | (18,872 | ) | (2,042 | ) | (5,548 | ) | (5,867 | ) | 1,940 | 581,651 | - | - | 1,369,797 | 18,134 | 1,387,931 | |||||||||||||||||||||||||||||||||
Adjustments
for Circular No. 3443 minimum dividends 2008
|
- | - | - | - | - | - | - | - | (92,594 | ) | (92,594 | ) | - | (92,594 | ) | ||||||||||||||||||||||||||||||||||
Dividends/withdrawals
made
|
- | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other
changes of shareholders’ equity
|
- | 343 | - | - | - | - | - | - | - | 296 | (44 | ) | 252 | ||||||||||||||||||||||||||||||||||||
Provision
for minimum dividends
|
- | - | - | - | - | - | - | - | (22,694 | ) | (22,694 | ) | - | (22,694 | ) | ||||||||||||||||||||||||||||||||||
Subtotal
|
- | 343 | - | - | - | - | - | - | (115,288 | ) | (114,992 | ) | (44 | ) | (115,036 | ) | |||||||||||||||||||||||||||||||||
Other
integral income
|
- | - | - | (27,999 | ) | (15,887 | ) | 7,461 | - | - | (11,680 | ) | - | (11,680 | ) | ||||||||||||||||||||||||||||||||||
Income
in fiscal year
|
- | - | - | - | - | - | - | 85,997 | 85,997 | 2,589 | 88,586 | ||||||||||||||||||||||||||||||||||||||
Subtotal
|
- | - | - | (27,999 | ) | (15,887 | ) | 7,461 | - | 85,997 | - | 74,317 | 2,589 | 76,906 | |||||||||||||||||||||||||||||||||||
Shareholders’
equity as of June 30, 2008
|
818,535 | (18,529 | ) | (2,042 | ) | (33,547 | ) | (21,754 | ) | 9,401 | 581,651 | 85,997 | (115,288 | ) | 1,329,122 | 20,679 | 1,349,801 | ||||||||||||||||||||||||||||||||
Shareholders’
equity as of December 31, 2008
|
891,303 | (121,684 | ) | (2,042 | ) | (19,972 | ) | 10,873 | 1,547 | 413,053 | 415,055 | (98,444 | ) | 1,489,689 | 25,879 | 1,515,568 | |||||||||||||||||||||||||||||||||
Distribution
of income from previous fiscal year
|
- | - | - | - | - | - | 415,055 | (415,055 | ) | - | - | - | - | ||||||||||||||||||||||||||||||||||||
Subtotal
|
891,303 | (121,684 | ) | (2,042 | ) | (19,972 | ) | 10,873 | 1,547 | 828,108 | - | (98,444 | ) | 1,489,689 | 25,879 | 1,515,568 | |||||||||||||||||||||||||||||||||
Replacement
of monetary correction 2008
|
- | 106,766 | - | - | - | - | (106,766 | ) | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||
Shareholders’
equity as of January 1, 2009
|
891,303 | (14,918 | ) | (2,042 | ) | (19,972 | ) | 10,873 | 1,547 | 721,342 | - | (98,444 | ) | 1,489,689 | 25,879 | 1,515,568 | |||||||||||||||||||||||||||||||||
Increase
or decrease of capital and reserves
|
- | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Dividends/withdrawals
made
|
|||||||||||||||||||||||||||||||||||||||||||||||||
Other
changes of shareholders’ equity
|
- | - | - | - | - | - | (2 | ) | - | - | (2 | ) | (882 | ) | (884 | ) | |||||||||||||||||||||||||||||||||
Provision
for minimum dividends
|
- | - | - | - | - | - | - | - | (22,995 | ) | (22,995 | ) | - | (22,995 | ) | ||||||||||||||||||||||||||||||||||
Subtotal
|
- | - | - | - | - | - | (2 | ) | - | (22,995 | ) | (22,997 | ) | (882 | ) | (23,879 | ) | ||||||||||||||||||||||||||||||||
Other
integral income
|
- | - | - | 9,409 | (17,417 | ) | 1,361 | - | - | (304 | ) | 527 | 223 | ||||||||||||||||||||||||||||||||||||
Income
in fiscal year
|
- | - | - | - | - | - | - | 76,652 | 76,652 | 2,879 | 79,531 | ||||||||||||||||||||||||||||||||||||||
Subtotal
|
- | - | - | 9,409 | (17,417 | ) | 1,361 | - | 76,652 | - | 76,348 | 3,406 | 79,754 | ||||||||||||||||||||||||||||||||||||
Shareholders’
equity as of June 30, 2009
|
891,303 | (14,918 | ) | (2,042 | ) | (10,563 | ) | (6,544 | ) | 2,908 | 721,340 | 76,652 | (121,439 | ) | 1,543,040 | 28,403 | 1,571,443 |
Dividends
distributed:
|
||||||||||||||||||||
Period
|
Total
attributable
to
shareholders
|
Allocated
to
reserves
or
retained
earnings
|
Allocated
to
Dividends
|
Percentage
Distributed
|
Dividend
per
share
(in pesos)
|
|||||||||||||||
-
Year 2007 (Shareholders Meeting April 2008)
|
308,647 | 108,028 | 200,619 | 65 | % | 1,065 | ||||||||||||||
-
Year 2008 (Shareholders Meeting April 2009)
|
328,146 | 118,851 | 213,295 | 65 | % | 1,132 |
BANCO
SANTANDER CHILE AND SUBSIDIARIES
|
||
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
||
For
the periods ended
|
June
30
|
June
30
|
|||||||
2009
(in millions)
CLP
|
2008
(in millions)
CLP
|
|||||||
FLOWS
ARISING FROM OPERATING ACTIVITIES:
|
||||||||
CONSOLIDATED
PROFIT (LOSS) FOR FISCAL YEAR
|
188,180 | 193,926 | ||||||
Debits
(credits) to income not implying changes of cash:
|
||||||||
Depreciation
and amortization
|
22,586 | 24,726 | ||||||
Provisions
for credits, customer accounts receivable, and write-offs
|
206,625 | 131,913 | ||||||
Adjustment
of financial instruments to market value
|
(41,227 | ) | (1,432 | ) | ||||
(Profit)
Loss on equity in companies
|
(766 | ) | (918 | ) | ||||
(Profit)
Loss on sale of assets received in payment
|
(2,239 | ) | (4,879 | ) | ||||
(Profit)
Loss on sale of fixed assets
|
(207 | ) | 677 | |||||
Write-off
of assets received in payment
|
2,869 | 2,151 | ||||||
Other
debits (credits) not implying changes of cash
|
47,077 | 26,571 | ||||||
Net
variation of interest, adjustments, and fees earned on assets and
liabilities
|
(50,413 | ) | (20,630 | ) | ||||
Total
Operating Flows
|
372,485 | 352,105 | ||||||
FLOW
ARISING FROM INVESTMENT ACTIVITIES:
|
||||||||
Net
(increase) decrease of credits and accounts receivable
|
922,642 | (1,098,922 | ) | |||||
Net
(increase) decrease of investments
|
754,758 | (277,762 | ) | |||||
Purchases
of fixed assets
|
(9,998 | ) | (6,760 | ) | ||||
Sales
of fixed asset
|
11,312 | 2,103 | ||||||
(Increase)
decrease of equity in companies
|
(79 | ) | - | |||||
Dividends
received from equity in companies
|
790 | 606 | ||||||
Revenue
from goods received in payment
|
15,246 | 12,187 | ||||||
Net
increase (decrease) of other assets and liabilities
|
(70,529 | ) | (74,334 | ) | ||||
Total
Investment Flows
|
1,624,142 | (1,442,882 | ) | |||||
FLOW
ARISING FROM FINANCING ACTIVITIES:
|
||||||||
Increase
(decrease) of receivables in current account
|
110,522 | 291,002 | ||||||
Increase
(decrease) of deposits and receipts of funds
|
(1,384,048 | ) | 502,522 | |||||
Increase
(decrease) of other demand or time obligations
|
42,505 | 25,447 | ||||||
Increase
(decrease) of obligations for intermediation of documents
|
(259,267 | ) | 120,568 | |||||
Increase
(decrease) of external loans, short and long-term
|
(283,240 | ) | 297,160 | |||||
Issuance
of letters of credit
|
4,506 | - | ||||||
Redemption
of letters of credit
|
(69,073 | ) | (66,802 | ) | ||||
Increase
(decrease) of other short-term liabilities
|
13,608 | 2,399 | ||||||
Loans
obtained from Central Bank of Chile (short term)
|
324,682 | 72,850 | ||||||
Payment
of loans from Central Bank of Chile (short and long term)
|
(325,609 | ) | (74,366 | ) | ||||
Bond
issues
|
201,346 | 202,929 | ||||||
Bond
redemptions
|
(36,259 | ) | (9,248 | ) | ||||
Other
Loans obtained, short and long term
|
3,307 | 107,767 | ||||||
Payment
of other long-term loans
|
(1,006 | ) | - | |||||
Capital
increase (decrease)
|
5,600 | - | ||||||
Dividends
paid
|
(219,002 | ) | (200,570 | ) | ||||
Total
Financing Flows
|
(1,871,428 | ) | 1,271,658 | |||||
SUB
TOTAL
|
125,199 | 180,881 | ||||||
VARIATION
OF CASH AND CASH EQUIVALENTS DURING THE PERIOD
|
125,199 | 180,881 | ||||||
INITIAL
BALANCE OF CASH AND CASH EQUIVALENTS
|
1,048,264 | 1,289,658 | ||||||
FINAL
BALANCE OF CASH AND CASH EQUIVALENTS
|
1,173,463 | 1,470,539 |
Total Shareholders’ Equity
|
||||||||||||||||
As of January 1,
2008
|
As of June 30,
2008
|
As of December 31,
2008
|
||||||||||||||
Explanation
|
CLP (in
millions)
|
CLP (in
millions)
|
CLP (in millions)
|
|||||||||||||
Shareholders’
equity before changes in standards
|
1,458,089 | 1,373,196 | 1,602,610 | |||||||||||||
Adjustments:
|
||||||||||||||||
Perimeter
of consolidation
|
i
|
(14,453 | ) | (10,469 | ) | (9,712 | ) | |||||||||
Supporting
companies
|
ii
|
506 | 762 | 719 | ||||||||||||
Monetary
correction
|
iii
|
- | (9,734 | ) | (30,493 | ) | ||||||||||
Fixed
and intangible assets
|
iv
|
(64,494 | ) | (62,896 | ) | (58,613 | ) | |||||||||
Goods
received or given in payment:
|
v
|
(929 | ) | (586 | ) | (408 | ) | |||||||||
Write-offs
of placements
|
vi
|
(2,205 | ) | (2,815 | ) | (4,235 | ) | |||||||||
Deferred
taxes
|
vii
|
11,419 | 12,259 | 15,700 | ||||||||||||
Subtotal
|
(70,156 | ) | (73,479 | ) | (87,042 | ) | ||||||||||
Shareholders’
equity according to the new Compendium of Accounting
Standards
|
1.387.931 | 1,299,717 | 1,515,568 |
Consolidated Income
|
||||||||||||
As of June 30,
2008
|
As of December 31,
2008
|
|||||||||||
Explanation
|
CLP (in millions)
|
CLP (in millions)
|
||||||||||
Income
before changes in standards
|
156,095 | 331.017 | ||||||||||
Adjustments:
|
||||||||||||
Perimeter
of consolidation
|
i
|
3,985 | 4,742 | |||||||||
Supporting
companies
|
ii
|
256 | 213 | |||||||||
Monetary
correction
|
iii
|
31,419 | 78,027 | |||||||||
Fixed
and intangible assets
|
iv
|
1,598 | 5,881 | |||||||||
Goods
received or given in payment
|
v
|
343 | 521 | |||||||||
Write-offs
of placements
|
vi
|
(610 | ) | (2,030 | ) | |||||||
Deferred
taxes
|
vii
|
840 | 4,281 | |||||||||
Subtotal
|
37,831 | 91,635 | ||||||||||
Income
according to the new Compendium of Accounting Standards
|
193,926 | 422,652 |
As
of January 1, 2008
|
||||||||||||
Closing
Balances
|
Adjustments
(*)
|
Opening
Balances:
|
||||||||||
(in
millions)
CLP
|
(in
millions)
CLP
|
(in
millions)
CLP
|
||||||||||
ASSETS
|
||||||||||||
Cash
and bank deposits
|
1,108,444 | 193 | 1,108,637 | |||||||||
Operations
pending settlement
|
316,240 | - | 316,240 | |||||||||
Instruments
for trading
|
1,090,004 | 3,441 | 1,093,445 | |||||||||
Repurchase
contracts and securities loans
|
33,999 | - | 33,999 | |||||||||
Financial
derivative contracts
|
780,775 | - | 780,775 | |||||||||
Owed
by banks
|
45,961 | - | 45,961 | |||||||||
Credits
and accounts receivable from customers
|
12,028,053 | (5,778 | ) | 12,022,275 | ||||||||
Investment
instruments available for sale
|
779,635 | - | 779,635 | |||||||||
Equity
in companies
|
6,795 | 506 | 7,301 | |||||||||
Intangibles
|
56,187 | 37 | 56,224 | |||||||||
Fixed
assets
|
245,619 | (43,130 | ) | 202,489 | ||||||||
Current
taxes
|
1,933 | 566 | 2,499 | |||||||||
Deferred
taxes
|
61,260 | 19,729 | 80,989 | |||||||||
Other
assets
|
474,091 | (13,809 | ) | 460,282 | ||||||||
TOTAL
ASSETS
|
17,028,996 | (38,245 | ) | 16,990,751 | ||||||||
LIABILITIES
|
||||||||||||
Demand
deposits and other demand obligations
|
2,868,769 | (835 | ) | 2,867,934 | ||||||||
Operations
pending settlement
|
135,219 | - | 135,219 | |||||||||
Repurchase
contracts and securities loans
|
308,651 | (1,021 | ) | 307,630 | ||||||||
Time
deposits and other funds obtained
|
7,887,897 | - | 7,887,897 | |||||||||
Financial
derivative contracts
|
778,217 | - | 778,217 | |||||||||
Obligations
toward banks
|
1,099,443 | 14 | 1,099,457 | |||||||||
Debt
instruments issued
|
2,154,996 | - | 2,154,996 | |||||||||
Other
financial obligations
|
147,868 | 27,799 | 175,667 | |||||||||
Current
taxes
|
15,897 | 170 | 16,067 | |||||||||
Deferred
taxes
|
10,877 | 207 | 11,084 | |||||||||
Provisions
|
46,376 | 3,726 | 50,102 | |||||||||
Other
liabilities
|
116,698 | 1,852 | 118,550 | |||||||||
TOTAL
LIABILITIES
|