Itaú Corpbanca Announces Fourth Quarter 2020 Management Discussion & Analysis Report

Rhea-AI Summary

On February 26, 2021, Itaú Corpbanca (NYSE: ITCB) released its Management Discussion & Analysis Report for Q4 2020. The report highlights Itaú Corpbanca's position as the fifth largest private bank in Chile, with a 9.8% market share in customer loans. Additionally, it operates in Colombia and Peru, reflecting its regionalization strategy. A conference call is scheduled for March 1, 2021, at 11:00 A.M. Santiago time to discuss the financial results. The financial stability and growth prospects of Itaú Corpbanca remain prominent in its strategy.

Positive

• Fifth largest private bank in Chile with 9.8% market share in loans.
• Active regional presence in Colombia and Peru, expanding market reach.
• Scheduled conference call indicates proactive investor communication.

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• None.

SANTIAGO, Chile, Feb. 26, 2021 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today its Management Discussion & Analysis Report (“MD&A Report”) for the fourth quarter ended December 31, 2020. For the full MD&A Report, please refer to the following link:

https://ir.itau.cl/files/doc_financials/2020/q4/Itaú-CorpBanca-4Q20-MD-A.pdf

On Monday, March 1, 2021, at 11:00 A.M. Santiago time (09:00 A.M. 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, Rodrigo Couto, Itaú Corpbanca’s Chief Financial Officer and Claudia Labbé, Itaú Corpbanca’s Head of Investor Relations.

Conference Call Details:

Online registration: http://www.directeventreg.com/registration/event/4296331

Phone registration: +1 (800) 585-8367 or +1 (416) 621-4642

Upon registering, each participant will be provided with call details and a registrant ID used to track attendance on the conference call (Access Code: 4296331#). Reminders will also be sent to registered participants via email. Please provide this registration information to those participants that you would like to attend your conference call.

A telephonic replay of the conference call will be available until Monday, March 8, 2021, by dialing +1(800) 585-8367 or +1 (416) 621-4642 (Encore Dial In). Access Code: 4296331#

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://event.on24.com/wcc/r/2947559/A95FDEE95F9A0F0C70A77FBA124802F3

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: 39.22% owned by Itaú Unibanco, 27.16% 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 December 31, 2020, according to the Chilean Financial Market Commission, Itaú Corpbanca was the fifth largest private bank in Chile in terms of the overall size of its customer loan portfolio, equivalent to 9.8% market share. As of November 30, 2020, according to the Colombian Superintendency of Finance, Itaú Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and nineth in terms of total deposits, as reported under local regulatory and accounting principles. As of the same date, its market share by loans reached 4.0%.

Investor Relations – Itaú Corpbanca

+56 (2) 2660-1701 / IR@corpbanca.cl / ir.itau.cl

FAQ

What are the recent financial results for Itaú Corpbanca (ITCB)?

Itaú Corpbanca released its Q4 2020 Management Discussion & Analysis Report on February 26, 2021.

When is the conference call for Itaú Corpbanca (ITCB) financial results?

The conference call is scheduled for March 1, 2021, at 11:00 A.M. Santiago time.

What market share does Itaú Corpbanca (ITCB) hold in Chile?

As of December 31, 2020, Itaú Corpbanca holds a 9.8% market share in customer loans in Chile.

What position does Itaú Corpbanca (ITCB) hold in the Colombian banking market?

Itaú Corpbanca Colombia is the eighth largest bank in Colombia in terms of total loans.