CORRECTING and REPLACING Itaú Corpbanca Announces First Quarter 2020 Management Discussion & Analysis Report
April 30 2020 - 9:14AM
In a release issued under the same headline earlier today
by ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP), please note
that in the third paragraph of the release, the link for the full
MD&A Report should
be https://ir.itau.cl/files/doc_financials/2020/q1/Itaú-CorpBanca-1Q20-MD-A.pdf,
not https://ir.itau.cl/English/files/doc_financials/2020/q1/Ita%C3%BA-CorpBanca-1Q20-MD-A.pdf as
previously stated. The corrected release follows:
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP)
announced today its Management Discussion & Analysis Report
(“MD&A Report”) for the first quarter ended March 31, 2020.
For the full MD&A Report, please refer to the following
link:
https://ir.itau.cl/files/doc_financials/2020/q1/Itaú-CorpBanca-1Q20-MD-A.pdf
On Monday, May 4, 2020, at 11:00 A.M. Santiago
time (11:00 AM ET), the Company’s management team will
host a conference call to discuss the financial results. The call
will be hosted by Gabriel Moura, Itaú Corpbanca’s Chief Executive
Officer, and Claudia Labbé, Itaú Corpbanca’s Head of Investor
Relations.
Conference Call Details:
Participants should dial into the call 10 minutes before the
scheduled time using the following numbers: +1 (877) 790-7811 (US
Toll Free Dial In), or +1 (647) 689-5643 (Standard International
Dial-In). Conference ID: 2398776# or quote "Itaú Corpbanca" to the
operator.
A telephonic replay of the conference call will be available
Monday, May 11, 2020, by dialing +1(800) 585-8367 or +1 (416)
621-4642 (Encore Dial In). Access Code: 2398776#
Slides and Audio Webcast:
There will also be a live, and then archived, webcast of the
conference call, available through the Company’s website.
Participants in the live webcast should register on the website
approximately 10 minutes prior to the start of the webcast. The
webcast can be found at:
https://wcc.on24.com/webcast/report?e=2156756&k=BD7A21163358CA3FE6C312EFFF758552
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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