September 28, 2016 2:07 AM ET

Banks

Company Overview of Banco Security S.A.

Company Overview

Banco Security, together with its subsidiaries, provides banking services to medium and large enterprises, and high-income individuals in Chile. It operates through Commercial Banking, Retail Banking, Treasury, Subsidiaries, and Others segments. The company offers current accounts; commercial loans in local and foreign currency; lines of credit, and consumer and mortgage loans; and leasing services. It also provides foreign trade and asset management services; currency trading, exchange rate and inflation insurance, and other derivative products; and funds managing, securities brokerage, and retirement advisory services, as well as voluntary pension savings products. The company is headquart...

Avenida Apoquindo 3150

Piso 15

Las Condes

Santiago,  

Chile

1,258 Employees

Phone:

56 22 584 4000

Fax:

56 22 584 4001

Key Executives for Banco Security S.A.

Chief Executive Officer and General Manager
Controller and Member of Audit Committee
Chief Planning and Operations Officer, Member of Assets and Liabilities Committee, Member of Finance Committee and Member of Financial Risk Committee
Chief Economist
Chief Culture Officer
Compensation as of Fiscal Year 2016.

Banco Security S.A. Key Developments

Banco Security Announces Earnings Results for the First Half Year 2015

Banco Security announced earnings results for the first half year 2015. For the half year, net income fell 3.2% to CLP a32.1 billion.

Banco Security Reports Earnings Results for the Year 2014

Banco Security reported earnings results for the year 2014. For the year, the company's earnings jump 70.4% last year to CLP 55.9 billion on the back of the performance of its treasury, consumer and corporate banking operations.

Grupo Penta Reportedly Seeks To Sell Its Banco Penta

Grupo Penta is seeking to sell investment banking unit Banco Penta, which is immersed in an ongoing scandal involving suspected tax fraud and alleged illegal funding of political campaigns. The group's founding partners, Carlos Alberto Délano and Carlos Eugenio Lavín, who are also implicated in the scandal, have begun a sale process, and local lender Banco Security is the most likely buyer, according to Chilean news site El Mostrador. Banco Bradesco S.A. (BOVESPA:BBDC4) and Credicorp Capital Peru S.A.A. (BVL:CRECAPC1) which could make a move through its local unit IM Trust have also been named as a potential buyer. Market sources suggest Banco Penta would not be sold for much more than its book value of $255 million, given the reputational damage incurred in the past six months, said El Mostrador.

Similar Private Companies By Industry

Company Name Region
Banco de Credito and Investments Americas
Banco del Estado de Chile Americas
Banco Paris S.A. Americas
Banco Penta Americas
Empresas Juan Yarur SpA Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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