Itaú Corpbanca Announces Third Quarter 2020 Management Discussion & Analysis Report and Reschedules Its Conference Call and Webcast

Rhea-AI Summary

Itaú Corpbanca (NYSE: ITCB) announced its Management Discussion & Analysis Report for Q3 2020, highlighting its position as the fifth largest private bank in Chile with a 10% market share of customer loans.

In Colombia, it ranks eighth for total loans and deposits with a 4.1% market share. A conference call will occur on November 11, 2020, to discuss the financial results. This follows a management scheduling change. The bank, resulting from a 2016 merger, operates primarily in Chile, Colombia, and Peru, providing universal banking services.

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• Fifth largest private bank in Chile with 10% market share in customer loans.
• Eighth largest bank in Colombia for total loans and deposits with a 4.1% market share.

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SANTIAGO, Chile, Oct. 30, 2020 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today its Management Discussion & Analysis Report (“MD&A Report”) for the third quarter ended September 30, 2020. For the full MD&A Report, please refer to the following link:

https://ir.itau.cl/files/doc_financials/2020/q3/Itaú-CorpBanca-3Q20-MD-A.pdf

Itaú Corpbanca also announced that the conference call to discuss its financial results for the third quarter of 2020 will be held on Wednesday, November 11, 2020, at 11:00 A.M. Santiago time (09:00 AM ET) and not as previously scheduled, due to changes in senior management’s schedules.

The call to discuss the financial results will still 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 participant registration: http://www.directeventreg.com/registration/event/3890805

Phone registration: +1 (888) 869-1189 or +1 (706) 643-5902

Upon registering, each participant will be provided with call details and a registrant ID used to track attendance on the conference call (Access Code: 3890805#). 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 Wednesday, November 18, 2020, by dialing +1(800) 585-8367 or +1 (416) 621-4642 (Encore Dial In). Access Code: 3890805#

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/2625413/20CDDFBA418973760F3B93984FEE6F19

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, 27.49% 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 September 30, 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 10% market share. As of August 31, 2020, according to the Colombian Superintendency of Finance, Itaú Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and in terms of total deposits, as reported under local regulatory and accounting principles. As of the same date, its market share by loans reached 4.1%.

Investor Relations – Itaú Corpbanca

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

FAQ

When is the Itaú Corpbanca Q3 2020 financial results conference call?

The conference call is on November 11, 2020, at 11:00 A.M. Santiago time.

What is Itaú Corpbanca's market share in Chile?

Itaú Corpbanca has a 10% market share in the customer loan portfolio in Chile.

How does Itaú Corpbanca rank in Colombia?

Itaú Corpbanca is the eighth largest bank in Colombia based on total loans and deposits.

What is the ticker symbol for Itaú Corpbanca?

The ticker symbol for Itaú Corpbanca is ITCB.