CORRECTING and REPLACING Itaú Corpbanca Announces First Quarter 2020 Management Discussion & Analysis Report

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

SANTIAGO, Chile, April 30, 2020 (GLOBE NEWSWIRE) — 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.pdfOn 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=BD7A21163358CA3FE6C312EFFF758552About Itaú CorpbancaITAÚ 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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