annual report grupo security - Banco Security

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• PRIVATE BANKINGThis is focused on the highest-income individuals who require more specialized advice from their accountexecutive.• PREFERENTIAL BANKINGThis provides attention to customers requiring traditional financial services and products and who demand afirst-class personalized service. Because of the differences in customer profiles and needs, two sub-segmentshave been defined in this area to provide a better attention to each one:· Women Segment: specialized in attending women belonging to the objective group, offering them productsand services specially designed for them.· Young Professionals Segment: attends customers who have recently begun their professional careers andwho meet or will soon meet the parameters defined for this objective group.f o r e i n g e x c h a n g eBanco Security has defined foreign trade as its third business area, having positioned itself in recent years as aspecialist in attending companies in this field. This has led to significant increases in funds flows and the transactionvolumen handled and to its consolidation as leader in remote services via internet with its e-Comex system.This area has thus acquired great relevance in the integral solution of the financial needs of customers and itsstrategic objectives are therefore aligned with the other commercial areas, placing special emphasis on excellence ofservice and customer satisfaction.27,25021,94722,01519.5%16.5%13.8%13.1%12.9%15,51715,93115.4%15.5%12,04511,77711,84111.3%NET INCOMEROE20002001200220032004200520062007results of banco securityand subsidiariesSOURCE: SBIFMILLIONS OF PESOS · DECEMBER 2007
annual report 2007grupo securitypage 411,9291,7302.5% 2.5%2.7%2.9%3.1%1,3491,4853.0%3.1%3.0%8909271,0111,119LOANSMARKET SHARE20002001200220032004200520062007loans of banco securitySOURCE: SBIF MILLIONS OF PESOS · DECEMBER 2007F A C T O R I N G S E C U R I T YThe results of Factoring Security for 2007 reflect its leadership in the industry and the company’s progress. As ofDecember 2007, the company’s total advances were Ch$130 billion, placing it 7th in the market and giving it amarket share of 6.8%.The profits of Factoring Security have risen strongly in recent years to Ch$5,006 million, representing a 16.4%increase over 2006. It generated a return on capital and reserves of 30.4% and its allowances for doubtful accountsrose to Ch$3,716 million, being 3.0% of the company’s total advances.With a diversified portfolio, the most important economic activity in 2007 in Factoring Security’s advances werewith wholesale and retail trade, with half of the documents acquired being invoices.
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Page 10 and 11: Security produced a 148% real incre
Page 12 and 13: B O A R D O F D I R E C T O R SC H
Page 14 and 15: SUPERBRANDSSuperbrands placed Grupo
Page 16 and 17: FUNDACION CHILEUNIDO SEMINARFUNDACI
Page 18 and 19: 1981Banco Urquijo de Chile is forme
Page 21 and 22: economic and financial environment
Page 36 and 37: A R E A S O F B U S I N E S SThe fo
Page 38 and 39: F I N A N C I N GGrupo Security par
Page 40 and 41: B A N C O S E C U R I T YThe missio
Page 44 and 45: I N V E S T M E N T SGrupo Security
Page 46 and 47: MUTUAL FUNDS SECURITYSHORT-TERM FIX
Page 48 and 49: I N S U R A N C ET H E I N S U R A
Page 50 and 51: In terms of investment income, life
Page 52 and 53: 2.45%54.9432.71%2.04%44.1901.63%1.5
Page 54 and 55: S E R V I C E SIn order to provide
Page 56 and 57: T R A V E L S E C U R I T Y S . A .
Page 59 and 60: investment and financing policies
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Page 70 and 71: The human team making up Grupo Secu
Page 72 and 73: D I R E C T O R S ’ A L L O W A N
Page 74 and 75: D I V I D E N D S P A I DThe follow
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Page 78 and 79: M A T E R I A L I N F O R M A T I O
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