Itaú Corpbanca Files Material Event Notice Announcing Placement of New Shares and Setting the Price
Itaú Corpbanca (NYSE: ITCB) reported that its board agreed to offer and place 461,111,111,111 new shares at a price of Ch$1.80 per share. This decision follows a Material Event Notice filed with the Chilean Commission for the Financial Market. As of June 30, 2021, Itaú Corpbanca was the fifth largest private bank in Chile, holding a 9.8% market share in customer loans, and the eighth largest bank in Colombia.
- Board approval for the placement of 461 billion new shares.
- Placement price set at Ch$1.80, providing potential capital influx.
- Established market position as the fifth largest private bank in Chile with a 9.8% market share.
- Potential dilution of existing shareholders due to the issuance of a substantial number of new shares.
SANTIAGO, Chile, Sept. 23, 2021 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) today announced that it filed a Material Event Notice with the Chilean Commission for the Financial Market reporting that on this date the board of directors agreed to (i) offer and place 461,111,111,111 new shares; and (ii) set, as the placement price of those shares, the amount of Ch
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:
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 June 30, 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
Investor Relations – Itaú Corpbanca
+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl
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