trending Market Intelligence /marketintelligence/en/news-insights/trending/3w-clemppf_8o3mcwpgb4w2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Chile watchdog extends study of Santander-Servipag deal by 90 days

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Fintech Intelligence Digital Newsletter: May 2021

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Chile watchdog extends study of Santander-Servipag deal by 90 days

Chilean antitrust watchdog Fiscalía Nacional Económica, or the FNE, said it would extend for 90 days its probe on whether Banco Santander Chile's purchase of a 33.33% stake in the payment company Servipag Ltda. poses a threat to free competition, Diario Financiero reported.

FNE is reportedly studying if the acquisition could trigger Santander to close branches and ATMs as the three banks would gain a significant market share in digital banking, potentially giving incentive to down-scaling of traditional banking operations.

Servipag is one of the country's market leaders in transaction and payment services and is currently jointly owned by Banco de Chile and Banco de Credito e Inversiones SA.