PA - Banco Security

BANCO SECURITY AND SUBSIDIARIES
Type of entity
Banking corporation.
Registration in the securities register
Banco Security is not registered in the securities register.
Objects
Carry our all acts, contracts, operations and activities common to a commercial bank, in accordance with current legislation.
General information
The company was constituted by public deed dated August 26, 1981 signed before the notary Enrique Morgan Torres. The abstract of
this deed was published in the Official Gazette on September 23, 1981.
Relevant information
On April 1, 2001, Leasing Security S.A. was merged into Banco Security at book value, without affecting the results. On October 1,
2004, Banco Security was merged with Dresdner Bank Lateinamerika, resulting in Grupo Security taking over 99.67% of the company
Dresdner Bank Lateinamerika AG and 100% of Dresdner Bank Lateinamerika Corredora de Bolsa, which transaction was largely
financed by a capital increase subscribed by the Group’s shareholders.
Paid capital and reserves
The capital is Ch$138,207 million and equity Ch$206,447 million as of December 31, 2010.
Investment as proportion of assets of Grupo Security S.A.
The total assets of Banco Security and subsidiaries represent 73.3% of the consolidated assets of Grupo Security.
Commercial relation with subsidiaries, associates and parent (*)
Banco Security provides banking services (checking accounts, deposits, lines of credit and overdrafts, payment services, etc.) to the
parent, and subsidiary and associate companies of Grupo Security S.A. In the future, there is the possibility of extending the offer of
these services to customers of the parent’s subsidiaries and associate companies.
(*) The figures for transactions of the parent with its subsidiaries and associates are shown in the financial statements of Grupo
Security S.A.
Board of directors
Chairman of the board Francisco Silva S. Tax No.: 4.103.061-5
Directors Hernán Felipe Errázuriz C. Tax No.: 4.686.927-3
Jorge Marín C. Tax No.: 7.639.707-4
Gustavo Pavez R. Tax No.: 4.609.215-5
Renato Peñafiel M. Tax No.: 6.350.390-8
Horacio Pavez G. Tax No.: 3.899.021-7
Mario Weiffenbach O. Tax No.: 4.868.153-0
President Ramón Eluchans O. Tax No.: 6.464.460-2