Itaú Corpbanca files 2020 Annual Report on Form 20-F

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Itaú Corpbanca (NYSE: ITCB) filed its Annual Report on Form 20-F for the year ending December 31, 2020, with the U.S. Securities and Exchange Commission on April 23, 2021. The report details the bank's operations, which remain strong, focusing on expansion in Latin America. Itaú Corpbanca is the fifth largest private bank in Chile, holding a 9.8% market share in customer loans. It also ranks eighth in Colombia with a 4.0% market share. Shareholders can request printed copies of the audited financial statements for free.

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• Itaú Corpbanca is the fifth largest private bank in Chile with a 9.8% market share in customer loans.
• The bank ranks eighth in Colombia, holding a 4.0% market share in loans.

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SANTIAGO, Chile, April 23, 2021 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today that it filed its Annual Report on Form 20-F for the year ended December 31, 2020 with the United States Securities and Exchange Commission on April 23, 2021. 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: 39.22% owned by Itaú Unibanco, 27.16% owned by the Saieh Family and 33.62% 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 28, 2021, 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 January 31, 2021, 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 the same date, its market share by loans reached 4.0%.

Investor Relations – Itaú Corpbanca
+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl

FAQ

What is the latest Annual Report filed by Itaú Corpbanca (ITCB)?

Itaú Corpbanca filed its Annual Report on Form 20-F for the year ended December 31, 2020, on April 23, 2021.

How can shareholders obtain Itaú Corpbanca's audited financial statements?

Shareholders can request a printed copy of the complete audited consolidated financial statements free of charge by contacting Itaú Corpbanca's investor relations department.

What is Itaú Corpbanca's market position in Chile and Colombia?

Itaú Corpbanca is the fifth largest private bank in Chile and the eighth largest in Colombia, with market shares of 9.8% and 4.0% in loans, respectively.