annual report grupo security - Banco Security

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I n v e s t m e n t a n d f i n a n c i n g p o l i c i e sI N V E S T M E N T P O L I C YThe bylaws of Grupo Security do not define any kind of investment policy, but its strategy has been mainly focusedon making investments in the financial sector or in areas complementing this, in order to strengthen the Group’sbusiness areas and continue strengthening the Company’s commitment of providing the market with an integralservice of excellence.F I N A N C I N G P O L I C YGrupo Security does not currently define any kind of financing policy in its bylaws. Its funds come mainly from ownresources, capital contributions, bond issues and traditional borrowing sources like bank loans.C O V E N A N T S W I T H C R E D I T O R S G R U P O S E C U R I T Ys e r i e s C b o n d sDate: July 16, 2004.· Debt level: defined as the ratio of debt to shareholders’ equity in the unconsolidated balance sheet,which should not exceed 0.40:1 as from the financial statements at September 30, 2003. For determiningthe level of debt in the unconsolidated financial statements, liabilities include all guarantees or collateralgranted to cover the obligations of third parties, even if these are subsidiaries.· Ownership of Banco Security: the Company should be the holder, directly or indirectly through one or moresubsidiaries, of at least 51% of the issued shares with voting rights of Banco Security.
annual report 2007grupo securitypage 59s e r i e s C - 2 b o n d sDATE: March 17, 2006.· Debt level: defined as the ratio of debt to shareholders’ equity in the unconsolidated balance sheet, whichshould not exceed 0.40:1 as from the financial statements at September 30, 2004. For determining the level ofdebt in the unconsolidated financial statements, liabilities include all guarantees or collateral granted to coverthe obligations of third parties, even if these are subsidiaries.· Ownership of Banco Security: the Company should be the holder, directly or indirectly through one or moresubsidiaries, of at least 51% of the issued shares with voting rights of Banco Security.s e r i e D b o n d sDATE: March 17, 2006.· Debt level: defined as the ratio of debt to shareholders’ equity in the unconsolidated balance sheet, whichshould not exceed 0.40:1 as from the financial statements at December 31, 2005. For determining the level ofdebt in the unconsolidated financial statements, liabilities include all guarantees or collateral granted to coverthe obligations of third parties, even if these are subsidiaries.· Ownership of Banco Security: the Company should be the holder, directly or indirectly through one or moresubsidiaries, of at least 51% of the issued shares with voting rights of Banco Security.s e r i e B - 2 b o n d sDATE: Jul 9, 2007.· Debt level: defined as the ratio of debt to shareholders’ equity in the unconsolidated balance sheet, whichshould not exceed 0.40:1 as from the financial statements at September 30, 2003. For determining the level ofdebt in the unconsolidated financial statements, liabilities include all guarantees or collateral granted to coverthe obligations of third parties, even if these are subsidiaries.· Ownership of Banco Security: the Company should be the holder, directly or indirectly through one or moresubsidiaries, of at least 51% of the issued shares with voting rights of Banco Security.
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annual report 2007grupo securitypag
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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
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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 42 and 43: • PRIVATE BANKINGThis is focused
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: investment and financing policies
Page 68 and 69: I n f o r m a t i o n o n t h e c o
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
Page 76 and 77: The following shows the volume of G
Page 78 and 79: M A T E R I A L I N F O R M A T I O
Page 81 and 82: financial statementsunconsolidatedc
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G R U P O S E C U R I T Y S U B S I
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A D D R E S S E S O F C O M PA N I
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annual report grupo security - Banco Security

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