The following companies are considered entities controlled by the Bank and are therefore within the scope of consolidation:
| i. | Entities controlled by the Bank through participation in equity |
| Name of the Subsidiary | Percent ownership share | ||||||||||||
| As of December 31, | |||||||||||||
| Place
of Incorporation and operation |
2017 | 2016 | 2015 | ||||||||||
| Direct | Indirect | Total | Direct | Indirect | Total | Direct | Indirect | Total | |||||
| Main Activity | % | % | % | % | % | % | % | % | % | ||||
| Santander Corredora de Seguros Limitada | Insurance brokerage | Santiago, Chile | 99.75 | 0.01 | 99.76 | 99.75 | 0.01 | 99.76 | 99.75 | 0.01 | 99.76 | ||
| Santander Corredores de Bolsa Limitada(*) | Financial instruments brokerage | Santiago, Chile | 50.59 | 0.41 | 51.00 | 50.59 | 0.41 | 51.00 | 50.59 | 0.41 | 51.00 | ||
| Santander Agente de Valores Limitada | Securities brokerage | Santiago, Chile | 99.03 | - | 99.03 | 99.03 | - | 99.03 | 99.03 | - | 99.03 | ||
| Santander S.A. Sociedad Securitizadora | Purchase of credits and issuance of debt instruments | Santiago, Chile | 99.64 | - | 99.64 | 99.64 | - | 99.64 | 99.64 | - | 99.64 | ||