Itaú Corpbanca Files Material Event Notice to Schedule its Annual Ordinary Shareholders’ Meeting

Rhea-AI Summary

ITAÚ CORPBANCA (NYSE: ITCB) has announced the scheduling of its annual ordinary shareholders meeting on March 18, 2021, as reported in a Material Event Notice filed with the Chilean Commission for the Financial Market. The complete notice can be accessed on the company’s investor relations website at ir.itau.cl. As of November 30, 2020, Itaú Corpbanca ranked as the fifth largest private bank in Chile with a 9.9% market share in customer loans, and it also operates in Colombia and Panama, aiming for regional expansion.

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• Scheduled annual ordinary shareholders meeting for March 18, 2021.
• Ranked as the fifth largest private bank in Chile with a 9.9% market share in customer loans.
• Operational presence in Colombia and Panama, indicating strategic regional expansion.

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• None.

SANTIAGO, Chile, Jan. 27, 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 Itaú Corpbanca scheduled the annual ordinary shareholders meeting for March 18, 2021. The full Material Event Notice is available on the company’s investor relations website at ir.itau.cl.

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 November 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 9.9% market share. As of October 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 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 is the date of Itaú Corpbanca's annual shareholders meeting in 2021?

Itaú Corpbanca's annual ordinary shareholders meeting is scheduled for March 18, 2021.

What is the stock symbol for Itaú Corpbanca?

The stock symbol for Itaú Corpbanca is ITCB.

What market share does Itaú Corpbanca hold in Chile?

As of November 30, 2020, Itaú Corpbanca holds a 9.9% market share in customer loans in Chile.

In which countries does Itaú Corpbanca operate?

Itaú Corpbanca operates in Chile, Colombia, and Panama.

When was the merger that formed Itaú Corpbanca?

Itaú Corpbanca was formed from the merger of Banco Itaú Chile with Corpbanca on April 1, 2016.