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PA - Banco Security

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It is important to recall that the company forms part of the global network of American Express<br />

travel representatives, which is the largest grouping of travel-service offices in the world, with a<br />

presence in over 140 countries.<br />

As part of its strategy, the company in 2010 saw a greater diversification of its operating revenues,<br />

with a greater incidence in the sale of other non-air products and services, plus a broadening<br />

of the customer base and a greater presence in the domestic market through its land operator.<br />

Travel <strong>Security</strong> last year generated sales of US$188 million, 25% more than in 2009. Its earnings<br />

were Ch$1,401 million, 51% up o the year before.<br />

TRAVEL SECURITY SALES REVENUES<br />

MILLONES DE US$<br />

200<br />

150<br />

100<br />

50<br />

0<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

10 business areas 65<br />

2007<br />

2008<br />

2009<br />

2010<br />

SOURCE: TRAVEL SECURITY<br />

Invest <strong>Security</strong><br />

Grupo <strong>Security</strong> provides support services to all its business areas and companies through Invest<br />

<strong>Security</strong> in fields like accounting, business risk and control, economic advice, marketing, corporate<br />

culture and information technology. Invest <strong>Security</strong> in 2010 managed to raise the standards of<br />

efficiency in the subsidiaries and to generate economies of scale in their operation. In 2010,<br />

Invest <strong>Security</strong> Ltda. and its subsidiaries Travel <strong>Security</strong>, Global <strong>Security</strong> and Mandatos <strong>Security</strong><br />

produced earnings of Ch$495 million.<br />

<strong>PA</strong>GE

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