annual report grupo security - Banco Security

B A N C O S E C U R I T Y A N D S U B S I D I A R I E St y p e o f c o m p a n yBanking corporation.i n s c r i p t i o n i n t h e s e c u r i t i e s r e g i s t e rBanco Security is not inscribed in the Securities Register.o b j e c t sCarry our all acts, contracts, operations and activities common to a commercial bank, in accordance with prevailing legislation.g e n e r a l i n f o r m a t i o nLa sociedad fue constituida por escritura pública del 26 de agosto de 1981 ante el Notario Enrique Morgan Torres.r e l e v a n t i n f o r m a t i o nOn 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 Security taking over 99.67% of thecompany Dresdner Bank Lateinamerika AG and 100% of Dresdner Bank Lateinamerika Corredora de Bolsa, which transaction was largelyfinanced by a capital increase subscribed by the Group shareholdersp a i d c a p i t a l a n d r e s e r v e sThe paid capital and reserves were Ch$140,083 million as of December 31, 2007, including the restatement of capital in accordance withclause 10 of Law 18,046. Its total shareholders’ equity at December 31, 2007 was Ch$167,333 million.i n v e s t m e n t a s p r o p o r t i o n o f t h e a s s e t s o f g r u p o s e c u r i t y s . a .Banco Security represents 49.7% of the assets of Grupo Security.t r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n t ( * )Banco Security provides banking services (checking accounts, deposits, lines of credit and ovedrafts, payment services, etc.) to the parent,subsidiaries and associate companies of Grupo Security S.A. In the future, there is the possibility of extending the offer of these servicesto 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.b o a r d o f d i r e c t o r sCHAIRMAN · Francisco Silva S. TAX Nº: 4.103.061-5Directors · 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· Gonzalo Ruiz U. TAX Nº: 5.321.309-K· Mario Weiffenbach O. TAX Nº: 4.868.153-0PRESIDENT · Ramón Eluchans O. TAX Nº: 6.464.460-2