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Banks department fines Santander for violating the usual maximum interest rate



A financial institution controlled by European capitals informed CMF of its decision to appeal the sanctions of the banking regulator.

The management of banks and financial institutions this year again fined the financial institution for violating the maximum conditional rate. The regulator imposed sanctions on Santander on 2,270 UV equivalents of almost $ 75 million.

The punishment imposed by the agency, headed by Mario Farren, was made public by the bank itself through a material fact sent to the Financial Market Commission.

The Spanish capital company, chaired by Claudio Melandri, explained that "she filed an appeal to restoreawaiting his permission by the superintendent. "

The penalty to Santander is the fourth year that a financial institution receives for violating interest rates set by law for credit operations.Last week, Banco Security was fined $ 20 million for the same mistakes.

In addition, they are added to the sanctions imposed by SBIF on CAT (Scotiabank Cencosud Card) and CAR (Banco Ripley) for violating the same law. The regulator fined these organizations $ 44 million. US and about 80 million dollars. US, respectively.


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