Itaú Corpbanca files 2019 Annual Report on Form 20-F
April 27 2020 - 6:15AM
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP)
announced today that it filed its Annual Report on Form 20-F for
the year ended December 31, 2019 with the United States Securities
and Exchange Commission on April 24, 2020. The document is also
available on the company’s corporate website at ir.itau.cl. Any
shareholder may request a printed copy of the company’s complete
audited consolidated financial statements, free of charge, by
contacting Itaú Corpbanca’s investor relations department.
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 a representative office in 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 February 29, 2020, according to the Chilean Commission for
the Financial Market (Comisión para el Mercado Financiero), Itaú
Corpbanca was the fifth largest private bank in Chile in terms of
the overall size of its customer loan portfolio, equivalent to 10%
market share. As of the same date, according to the Colombian
Superintendency of Finance (Superintendencia Financiera de
Colombia), 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. Its market share by loans
reached 4.1% as of February 29, 2020.
Investor Relations – Itaú Corpbanca+56 (2)
2660-1701 / IR@corpbanca.cl / ir.itau.cl
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