INTRODUCTION

Our purpose is to organize and prepare and practice the pronunciation of English, learning new concepts in the financial sector, to implement them in the profession we chose to practice in our lives and be more competitive in society. We also know other languages can open many doors to globalization work we are facing today
Falabella is ONE of the most new to our country and has had great support sobrae especially in the capital Bogota. show the products they offer and what is their global strategy
OBJECTIVES


Researching the company Falabella Colombia, origins and commercial development in the country.

Ready to improve our pronunciation and strengthen our knowledge in English


FALABELLA
Falabella is one of the largest companies and consolidated in Latin America. Conducts business through various business areas, the main, the department store, department stores, home improvement and construction, commercial finance company CMR, bank, travel and insurance Falabella.
The department store is today the largest in South America with over 65,000 employees with operations in Chile, Argentina, Peru and Colombia.
Some History
Source
Its origin dates back to 1889, when Salvatore Falabella opens the first great tailoring in Chile. Later, with the involvement of Alberto Solari, the store is further strengthened by introducing new products related to clothing and home, thus becoming a department store and expanding its coverage with new stores.
Consolidation
In the 60's, Falabella started its phase of expansion in Santiago de Chile as in other regions of the southern country. Twenty years later, in order to meet growing customer demand for a payment system more convenient and flexible, the company ventures into a new business, launching its own credit card, CMR Falabella, which counts with 5.5 million cardholders in Latin America. In the 90's, Falabella started its internationalization process, extending its operations in Argentina and later in Peru. It also continues to expand its portfolio of services with the creation Falabella Travel and Insurance.
Expansion
In 2003 the group merged with Sodimac SA which allowed him years later to enter markets such as Colombia.
For over 100 years, Falabella has offered first class products to help meet the needs of its customers. Their commitment to long-term growth has been accompanied by major investments in the areas of distribution, information systems, and creating new business and additional services.
In official form opened in Colombia's Banco Falabella,t he first financial institution Chilean capital, which will have as main objective the attention of the market of natural persons.
Falabella now has over800 000people who have the cardin your wallet CMR Falabella,as their primary means of purchasein stores Falabella and Homecenter.
In terms of employment generation, the arrival of the Bank will mean new jobs. The bank had about 1,300 jobs across the country.



Banco Falabella is different from a bank currently operating in Colombia, is a bank-oriented natural persons and deliver a range of different financial services, allowing you to continue creating value for its customers.
THE MAIN FIGURES
The Bank's share holders are the Falabella Group with 65percent and the Corona with 35percent.
According to figures reported to the Superintendency of Finance, the Bank Falabella has positive indicators of trustworthiness and fairness. In March,its solvency coefficient was around12% when the minimum required for the financial system is  nine percent.
Your patrimony is124 billion pesos,also higher tan that required bythe Financial Superintendence.
Bank revenues were 125thousand 477millionpesos in2010, when in 2009hadbeen95.729 million. As of March2011were45,182,000.
In December last year had more than99 billion in CDTs, had is sued bonds for192 billion, given credit for85 billion and savings of1,000 million. At  the endof March rose toCDTs165 billion, credits and$ 104 billion savings accounts quadrupled to 4billion.
With respect to earnings, the figures are positive: in2009 he won6.897 million pesos in 2010rose to15.167 million(an increase of over 100percent),and inthe first three months of 2011reported a profit of4.736 million.
Last year the bank's portfoliowas511.995 millionand  the first quarter was 599 billion.
The products
Falabella currently has over 800thousand users of the Card CMR Falabella .At the end of first quarter had more than722 000, becoming the fifth financial institution is suing plastic cards.

Last year card sales exceede done trillion dollars, nearly twice the sales of the year to June2009had alreadyexceeded700 billion pesos.
Customers can accumulate points CMR for all purchases with the card and can be redeemed for products for free, have access to unique opportunities in the shops Falabella, Homecenter stores, the travel agency and insurance company.
For the product package only pay a handling fee if you have balance or the card has been used in the billing period.
In savings accounts customers will have full coverage Master Card Debit, transactions between bank accounts have no cost, have the potential to be exempt from tax of4 per thousand, and has 24 hours a day to make transactions through the 1,400ATMsServibanca.
Current account customers will also have coverage Master Card Global Debit, over draft quota and 24hours a day to Servibanca operations.
The CDT's are can open with 500thousand dollars for a term of30 days, and will be easily negotiable the secondary market and be transferable by endorsement.
Have an excellent complian cerate for programmed savings for 12months,will not be charged handling fee Gmay be with drawn using the fingerprint on the Bank's branches, and may be exempt from the4 per thousand.

Card CMR
 Now your card CMR guarantees you to be able to buy with complete certainty in Falabella Internet and accede to all the benefits, offers and exclusive promotions of our shop.
Credit system
 System of agreed quotas
 It allows to choose in every purchase the quantity of quotas in which it is wanted to cancel. The quotas are fixed and in weight and can be paid even in 12 quotas in Wardrobe and in 36 quotas in Home.
System of Remolten Balance
 With this system it is possible to buy in an alone quota and to cancel the total of the account to few price and without interests. Or, to pay as minimum 5 % of the total of the bank statement, more the interests and corresponding taxes, taking refuge this way, to a credit for the balance. And if this way he wishes it, the client of Remolten Balance also can choose to fixed quotas.

Trips Falabella
 He Takes advantage of the opportunity to buy passages and tourist programs in Trips Falabella, always to the best price and with the possibility of cancelling even in 36 quotas with the Card CMR.
Insurances Falabella
 To possess the Card CMR also allows to contract a wide range of insurances for cars, home, life and health, which can be cancelled even in 12 quotas, without interest, using the Card Falabella's CMR.
Products
 21 shops Falabella along the whole country, as well as his shops located in Peru and Argentina, offer a wide mix of products distributed in 15 lines:
 •  Men  •  Perfumery  •  Footwear  •  Children
 •  juvenile Corner (men)  •  Juvenile Corner (ladies)    •     Electric home  •  White
 •  Sports  •  Underwear  •  Decoration  •  Basic
 •  Ladies  •  Incidental Woman  •  Seasonal  •  Deco home

The products that sell are:
Auto Home Health Life Personal Accident Unemployment protected shopping bag in Route Publish Channels of Sale they are:
 Shops (13 points of sale between Falabella and SODIMAC) Inn Own CMRCall Center (Mendoza) Call Center Externos Call Center in Chile