Itaú Corpbanca Files Material Event Notice Announcing the Acquisition of MCC S.A. Corredores de Bolsa
May 29 2019 - 8:30AM
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP)
announced that it filed today a Material Event Notice reporting the
acquisition of MCC S.A. Corredores de Bolsa –in compliance with the
Transaction Agreement– with the Chilean Financial Market Commission
and with the Chilean Superintendency of Banks and Financial
Institutions. The Material Event Notice is available on the
company’s investor relations website at ir.itau.cl.
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 as per
its mandate is the banking platform for future expansion in Latin
America, specifically in Chile, Colombia and Peru. Itaú Corpbanca
is a commercial bank based in Chile with additional operations in
Colombia and Panama. In addition, Itaú Corpbanca has a branch in
New York and representative offices in Madrid and Lima. Focused on
large and medium sized 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 with 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 March 31, 2019, 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 10.1% 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
March 31, 2019, its market share by loans reached 4.6%.
Investor Relations – Itaú Corpbanca+56 (2)
2660-1701 / IR@corpbanca.cl / ir.itau.cl
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