PA - Banco Security

1981
Banco Urquijo de Chile is formed, a subsidiary of
Banco Urquijo, Spain.
1987
Security Pacific Corporation, a subsidiary of Security
Pacific National Bank, Los Angeles, California, buys
100% of the shares of Banco Urquijo de Chile,
which takes the name of Banco Security Pacific.
Security Pacific National Bank creates a
stockbroking firm which, four years later, is sold to
Banco Security and becomes Valores Security,
Corredores de Bolsa.
1990
Leasing Security is formed and is incorporated into
Banco Security in April 2001.
1991
Security Pacific Overseas Corporation sells 64% of
the bank to the current shareholders of Grupo
Security, its name changing to Banco Security.
Grupo Security is thus born.
1992
Administradora de Fondos Mutuos Security S.A. is
formed as a subsidiary of Banco Security and
Factoring Security as a subsidiary of Grupo Security.
1993
The subsidiary Asesorías Security is created,
representing Dean Witter Reynolds & Co., United
States, in Chile.
1994
Bank of America, the successor of Security Pacific
National Bank, sells the remaining 40% of the bank
to Grupo Security.
1995
Grupo Security lists its shares on the stock market and
acquires a majority holding in AFP Protección and the
insurance companies Previsión Vida and Previsión
Generales.
1996
Grupo Security buys 29.35% of the insurance
company Previsión Generales from Inversiones,
Seguros y Pensiones Limitada and becomes the
controller of 62.69% of the company. Merchant
Security is incorporated into Inmobiliaria Security.
1997
Grupo Security makes a share split. In October, it
makes a change of corporate image and
incorporates the company Securitizadora Security, a
subsidiary of Merchant Security, into Grupo Security.
1998
In March, Grupo Security sells its shareholding in
AFP Protección. In December, the insurance
companies Previsión Vida and Previsión Generales
are transferred to the parent, Inversiones Seguros
Security Limitada.
1999
Grupo Security acquires a majority interest in the
travel agency Travel Security. Corredora de Seguros
Security and Global Security are created.
2001
Two subsidiaries of Servicios Security S.A. are
formed (a subsidiary in turn of Inversiones Seguros
Security Limitada): Corredora de Reaseguros
Security and Agencia Security. Virtual Security starts
the provision of technological services for the
companies of the conglomerate. The subsidiary
Invest Security centralizes the corporate accounting,
control and corporate cultural development services
of the subsidiaries of the Group.
2002
Merchant Security absorbs the international asset
management business from Asesorías Security and
the international private banking business of Banco
Security, and adopts the name Asesorías Security
S.A. Inversiones Seguros Security Limitada achieves
a 73.69% participation in Servicios Security, the
parent of the companies dedicated to insurance
broking. The insurance companies become known as
Seguros Vida Security Previsión S.A. and Seguros
Security Previsión.