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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20459
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FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
November 6, 2002
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Banco Santander Chile
(Exact name of registrant as specified in its charter)
Bandera 140
Santiago, Chile
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under
cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): N/A
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Banco Santander Chile
TABLE OF CONTENTS
Item
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1. Press release dated October 31, 2002 titled "Banco Santander
Chile Abandons Loan Portfolio Sale".
ITEM 1
PRESS RELEASE
Banco Santander Chile Abandons Loan Portfolio Sale
(Santiago, October 31st, 2002).- In connection with the loan portfolio sale
announced to the public and its shareholders, Banco Santander Chile informs that
after evaluating several purchase offers it has rejected all the offers received
since the sale would not have generated higher earnings than those expected to
be generated by the loan portfolio offered for sale. In addition, none of the
offers received complied with any of the conditions required by the bank to
generate value to all and each of its shareholders.
With this decision, Banco Santander Chile concludes the negotiations for the
portfolio sale. However, the bank will be permanently evaluating possible
portfolio sales on an on-going basis as part of the normal business practice of
any other financial institution.
Due to the current efficiency and profitability of all business areas of Banco
Santander Chile, the bank does not expect this decision to have any important
effects on its branch network or its employees. We will continue to preserve the
service provided to our customers and the creation of value for all of our
shareholders.
Safe harbor statement under the Private Securities Litigation Reform Act
of 1995: This press release includes certain "forward-looking statements." All
forward-looking statements made by Banco Santander Chile involve material risks
and uncertainties and are subject to change based on various important factors
which may be beyond the Bank's control. Accordingly, the bank's future
performance and financial results may differ materially from those expressed or
implied in any such forward-looking statements. Such factors include, but are
not limited to those described in the Bank's filings with the Securities and
Exchange Commission. The Bank does not undertake to publicly update or revise
the forward-looking statements even if experience or future changes make it
clear that the projected results expressed or implied therein will not be
realized. For the statements contained herein, Banco Santander Chile claims the
protection of the safe harbor included in the Private Securities Litigation
Reform Act of 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Banco Santander Chile
Date: November 6, 2002 By: /s/ Gonzalo Romero
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Name: Gonzalo Romero
Title: General Counsel