Itaú Corpbanca Files Material Event Notice Announcing Board of Directors’ Decision Regarding SBIF Resolution
January 15 2019 - 9:00AM
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP)
announced that it filed today with the Chilean Financial Market
Commission a Material Event Notice reporting that the Board of
Directors unanimously rejects allegations that resulted in a fine
by the Chilean Superintendency of Banks and Financial Institutions
(Superintendencia de Bancos e Instituciones Financieras or SBIF).
Nevertheless, the Board decided not to file a claim against SBIF
Resolution N°101 issued on January 4, 2019. The Material Event
Notice is also available on the company’s corporate website at
itau.cl/investor-relations.
About Itaú Corpbanca
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) is
the entity resulting from the merger of Banco Itaú Chile with and
into Corpbanca on April 1, 2016. The current ownership structure
is: 38.14% owned by Itaú Unibanco, 28.57% owned by the Saieh Family
and 33.29% owned by minority shareholders. Itaú Unibanco is the
sole controlling shareholder of the merged bank. Within this
context and without limiting the above, Itaú Unibanco and CorpGroup
have signed a shareholders’ agreement relating to corporate
governance, dividend policy (based on performance and capital
metrics), transfer of shares, liquidity and other matters.
The bank is the fifth largest private bank in Chile and will
result in a banking platform for future expansion in Latin America,
specifically in Chile, Colombia, Peru, and Central America. Itaú
Corpbanca is a commercial bank based in Chile with operations also
in Colombia and Panama. In addition, Itaú Corpbanca has a branch in
New York and a representative office in Madrid. Focused on large
and medium companies and individuals, Itaú Corpbanca offers
universal banking products. In 2012, the bank initiated a
regionalization process and as of the date hereof has acquired two
banks in Colombia -Banco Corpbanca Colombia and Helm Bank-,
becoming the first Chilean bank having banking subsidiaries abroad.
The merger with Banco Itaú Chile and the business combination of
our two banks in Colombia, represent the continued success of our
regionalization process.
As of November 30, 2018, according to the Chilean
Superintendency of Banks, Itaú Corpbanca was the fifth largest
private bank in Chile in terms of the overall size of its customer
loan portfolio, equivalent to 10.3% market share.
As of the same date, according to the Colombian Superintendency
of Finance, Itaú Corpbanca Colombia was the seventh largest bank in
Colombia in terms of total loans and the eighth largest bank in
Colombia in terms of total deposits, as reported under local
regulatory and accounting principles. As of October 31, 2018, its
market share by loans reached 4.7%.
Investor Relations – Itaú Corpbanca +56
(2) 2660-1701 / IR@corpbanca.cl
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