PA - Banco Security

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These are the details of guarantees by description: DESCRIPTION BY TYPE OF GUARANTEE QUANTITY AMOUNT N° % MCLP$ % Public offering 261 3.10% 302,641 18.30% Airplanes 1 0.00% 233 0.00% Automobiles (inventory) 5 0.10% 145 0.00% Automobiles (non-inventory) 34 0.40% 123 0.00% Rural real estate 570 6.80% 114,781 6.90% Warehouses 10 0.10% 844 0.10% Buses (inventory) 5 0.10% 46 0.00% Buses (non-inventory) 24 0.30% 250 0.00% Trucks or pick-up trucks (inventory) 17 0.20% 220 0.00% Trucks or pick-up trucks (non-inventory) 61 0.70% 448 0.00% Stand-by letters of credit 44 0.50% 37,319 2.30% Houses 2,417 28.90% 329,813 19.90% Industrial constructions 93 1.10% 48,692 2.90% Apartments 2,797 33.40% 201,779 12.20% Time deposits in Chile 234 2.80% 9,505 0.60% Buildings for specific use (clinical, schools, etc.) 24 0.30% 70,191 4.20% Minor vessels 2 0.00% 305 0.00% Vessels or ships 7 0.10% 11,678 0.70% Parking lots 5 0.10% 117 0.00% Guarantee fund for small businessmen (FOGAPE) 50 0.60% 1,398 0.10% Facilities 30 0.40% 15,359 0.90% Commercial stores 138 1.70% 45,639 2.80% Machinery and/or equipment (inventory) 77 0.90% 10,882 0.70% Machinery and/or equipment (non-inventory) 79 0.90% 19,291 1.20% Raw materials or goods for intermediate consumption 2 0.00% 338 0.00% Offices 317 3.80% 59,660 3.60% Other shares and rights in companies 99 1.20% 2,285 0.10% Other intangible assets pledged as security or warrant 9 0.10% 1,904 0.10% Other assets for final consumption (inventory) 8 0.10% 2,035 0.10% Other vehicles (inventory) 2 0.00% 15 0.00% Other vehicles (non-inventory) 13 0.20% 78 0.00% Mining claims 1 0.00% 259 0.00% Plantations 22 0.30% 3,994 0.20% Commercial or industrial projects under construction 7 0.10% 10,310 0.60% Residential projects under construction 296 3.50% 218,982 13.20% Urban lots and land 407 4.90% 115,146 6.90% Mutual Guarantee Associations 195 2.30% 20,589 1.20% 8,363 100.00% 1,657,293 100.00%
187 PAGE D.6 Loan portfolio distribution Banco Security’s portfolio is distributed as follows in accordance with the type of risk assessment (group or individual): TYPE OF EVALUATION DEC 2010 (amount of loans) TYPE OF EVALUATION DEC 2009 (amount of loans) GROUP 26% GROUP 21% INDIVIDUAL 74% INDIVIDUAL 79% TYPE OF EVALUATION DEC 2010 (number of client) TYPE OF EVALUATION DEC 2009 (number of client) INDIVIDUAL 11% INDIVIDUAL 11% GROUP 89% GROUP 89%
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A N N U A L R E P O R T 2 0 1 0
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PAGE PAGE PAGE financial summary 14
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Grupo Security Summarized Unconsoli
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02 principal financial indicators n
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DEAR SHAREHOLDERS I have the pleasu
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oard and management 04
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04board and management SENIOR MANAG
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05 recognitions 17 COMPANIES WITH B
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06 activities 19 ENCUENTRO JUVENTUD
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06 activities 21 A SCHOOL FOR VILLA
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2003 Inversiones Seguros Security i
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ECONOMIC CONTEXT EXTERNAL ENVIRONME
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CHILE: GDP GROWTH (%) 7 6 5 4 3 2 1
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09strategic pillars
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09strategic pillars security, where
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09 strategic pillars RISK MANAGEMEN
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10business areas
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10 business areas 39 PAGE
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FINANCING BANKING INDUSTRY Banking
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The following graph shows the evolu
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EARNINGS AND ROE OF BANCO SECURITY
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RISK Banco Security has been charac
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10business areas I N V E S T M E N
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10 business areas 53 Administradora
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10 business areas 55 SECURITIZADORA
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INSURANCE INSURANCE INDUSTRY The Ch
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Compañía de Seguros Generales Pen
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10business areas S E R V I C E S
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It is important to recall that the
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INVESTMENT POLICY The bylaws of Gru
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The individual financial liabilitie
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BANK CREDITORS As of December 31, 2
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ASSOCIATED RISKS Local Financial Ri
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company information 12
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12company information In accordance
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12 company information 81 • Revis
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12 company information 83 In Seguro
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12 company information 85 STOCK MAR
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12 company information 87 SOCIEDAD
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12 company information 89 INMOBILIA
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Regulatory Framework Grupo Security
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financial statements 13
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financial statements 13 C o n s o l
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Consolidated Statement of Financial
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Consolidated statement of comprehen
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CONSOLIDATED STATEMENTS OF CASH FLO
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CONSOLIDATED STATEMENT OF CHANGES I
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The following companies are include
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) Description of Grupo Security’s
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- Fair value option As indicated in
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Disclosure of the Adoption of new a
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For financial assets, the amortized
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The recoverable amount is the highe
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Vida Security maintains current der
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f) Structured fixed income notes Vi
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CategorY Estimated range of loss Lo
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The main components of the cost of
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2.30 Foreign currency and indexatio
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The most significant areas of estim
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i. Pension insurances reserves This
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3.1 Main changes in the accounting
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Suspension of revenue recognition o
Page 138 and 139: ) Summary of Consolidated Equity as
Page 140 and 141: 3.3 Main adjustments made a) Invest
Page 142 and 143: NotE 5 - Income taxes Deferred tax
Page 144 and 145: Inmobiliaria Security S.A. measures
Page 146 and 147: NotE 8 - Investments in Associates
Page 148 and 149: NotE 9 - Property, Plant and Equipm
Page 150 and 151: ) The amortization of intangible as
Page 152 and 153: NotE 13 - Other Financial Assets, C
Page 154 and 155: NotE 16 - Other Non-Financial Asset
Page 156 and 157: Detail of bank obligations as of De
Page 158 and 159: Detail of bank obligations as of Ja
Page 160 and 161: Detail of the bonds at December 31,
Page 162 and 163: NotE 19 - Other Non-Financial Liabi
Page 164 and 165: NotE 23 - Other Financial Liabiliti
Page 166 and 167: Note 24 - Non-Current Liabilities A
Page 168 and 169: ) Cost of Sales The items includes
Page 170 and 171: NotE 26 - Administrative expenses T
Page 172 and 173: BALANCE 31.12.2010 31.12.2009 01.01
Page 174 and 175: Up to 1 year From 1 to 3 years From
Page 176 and 177: The management of Grupo Security S.
Page 178 and 179: c) Statement of Financial Position
Page 180 and 181: e) Statement of Financial Position
Page 182 and 183: 2) Risk Management Structure Banco
Page 184 and 185: 4º Credit Management Basically, th
Page 186 and 187: In the case of the Bank’s impaire
Page 190 and 191: Loans that are classified individua
Page 192 and 193: Such limitations allow the Bank to
Page 194 and 195: Banco Security and its Subsidiaries
Page 196 and 197: Market risk trading ledger 31.12.20
Page 198 and 199: Regulatory Liquidity Mismatching as
Page 200 and 201: Regulatory Liquidity Mismatching as
Page 202 and 203: currency swaps). These derivatives
Page 204 and 205: Participants in the Credit Risk Com
Page 206 and 207: 7) Regulatory Capital Requirement I
Page 208 and 209: 6) Summary of the Policy for Invest
Page 210 and 211: d) Dividends The policy agreed by t
Page 212 and 213: The following table shows financial
Page 214 and 215: Valores Security S.A. Corredores de
Page 216 and 217: • The Board of Directors agreed t
Page 218 and 219: Note 37 - Subsequent Events On Janu
Page 220 and 221: MANAGEMENT’S ANALYSIS OF CONSOLID
Page 222 and 223: 2.2 Factoring Industry Factoring ha
Page 224 and 225: 5. Risk Factors 5.1 Dependence on d
Page 226 and 227: 6 PERFORMANCE INDECATORS OF THE CON
Page 228 and 229: $ Pesos Chilenos MM$ Millones de Pe
Page 230 and 231: BANCO SECURITY AND SUBSIDIARIES Typ
Page 232 and 233: Banco Security and Subsidiaries Con
Page 234 and 235: Banco Security and Subsidiaries Con
Page 236 and 237: Valores Security S.A. Corredores de
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Administradora General de Fondos Se
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Factoring Security S.A. Type of ent
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Asesorias Security S.A. AND SUBSIDI
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Securitizadora Security S.A. Type o
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Global Asset Advisors Type of entit
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Inversiones Seguros Security Ltda A
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Seguros Vida Security Previsión S.
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Compañía de Seguros Generales Pen
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Servicios Security S.A. AND SUBSIDI
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Corredores de Seguros Security Ltda
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Europ Assistance Chile s.A. Type of
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Cooper Gay Chile S.A. Corredores de
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Inmobiliaria Security S.A. AND SUBS
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INVERSIONES INVEST SECURITY LTDA. A
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Travel Security S.A. AND SUBSIDIARI
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Global Security Gestión y Servicio
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Mandatos Security Ltda. Type of ent
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GROUP OWNERSHIP STRUCTURE The follo
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D E C L A R A T I O N O F R E S P O
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ADDRESSES OF COMPANIES OF GRUPO SEC
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Santa Elena Branch Santa Elena 2400
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Santiago Nueva York 33, Office 1402
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“THIS PAPER COMES FROM FORESTS MA
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PA - Banco Security

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