ITCB - ITCB STOCK NEWS

Itaú Corpbanca (NYSE: ITCB) has announced a Statutory Preemptive Rights Offering allowing holders of its common shares to acquire up to 461,111,111,111 common shares. This follows a recent request by Corp Group Banking S.A. to sell its rights due to its bankruptcy proceedings. On November 2, ITB Holding Brasil Participações Ltda., an affiliate of Itaú Unibanco, will subscribe to approximately 16.5% of the company’s common shares. The offering expires at 11:59 p.m. Santiago time on November 2, 2021, with results to be announced shortly after.

Itaú Corpbanca (NYSE: ITCB) released its Management Discussion & Analysis Report for Q3 2021, detailing the financial performance for the period ending September 30, 2021. A conference call with the management team is scheduled for November 2, 2021, at 11:00 A.M. Santiago time, to discuss the results. The call will be hosted by CEO Gabriel Moura, CFO Rodrigo Couto, and Head of Investor Relations Claudia Labbé. Interested participants can register online to attend the call.

ITAÚ CORPBANCA (NYSE: ITCB) has initiated a statutory preemptive rights offering, granting existing shareholders rights to purchase a total of 461,111,111,111 common shares. Corp Group Banking S.A. holds approximately 27% of these shares but must obtain court approval to exercise its rights due to an ongoing bankruptcy case. CorpGroup plans to auction 10.6% of its rights in Chile, with the remainder allocated to creditors. As part of the auction process, Banco BTG Pactual and Larrain Vial will facilitate the sale. The auction runs from October 22 to October 26, 2021.

Itaú Corpbanca (NYSE: ITCB) announced that it will release its Q3 2021 financial results on October 29, 2021, prior to market opening. A conference call will follow on November 2, 2021, at 11:00 A.M. Santiago time (09:00 A.M. ET) featuring CEO Gabriel Moura, CFO Rodrigo Couto, and Head of Investor Relations Claudia Labbé. Participants can register online or by phone for access and engagement via Q&A.

Itaú Corpbanca is the fifth largest bank in Chile with 9.8% market share in customer loans, also expanding in Colombia and Peru.

ITAÚ CORPBANCA (NYSE: ITCB) announced a rights offering for up to 461,111,111,111 new common shares at Ch$1.80 each, approved by shareholders on July 13, 2021. This capital increase could raise approximately US$1.06 billion. Shareholders will receive preemptive rights based on shares held as of September 28, 2021. The offering runs from October 4 to November 2, 2021. A separate offering for American Depositary Shares (ADSs) will also take place, priced at approximately US$3.44 per ADS. The rights are transferable and will be traded on Chilean and U.S. exchanges.

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.

Itaú Corpbanca (NYSE: ITCB) released its Management Discussion & Analysis Report for Q2 2021, detailing financial performance up to June 30, 2021. The bank is the fifth largest private bank in Chile, holding a 9.8% market share in customer loans. Following its merger with Banco Itaú Chile in 2016, its current ownership includes 39.22% by Itaú Unibanco. A conference call on August 2, 2021, at 11:00 A.M. Santiago time will discuss the results. Additionally, Itaú Corpbanca has expanded into Colombia and Peru, emphasizing its regional banking strategy.

Itaú Corpbanca (NYSE: ITCB) announced a Ch$830 billion capital increase approved during an Extraordinary Shareholders' Meeting on July 13, 2021. The capital raise aims to enhance CET1 capitalization ratios to around 10%, aligning with local peers, and will fund future growth and digital transformation. The issuance will involve 461,111 million new shares, pending regulatory approvals in Chile, Brazil, and Colombia, with completion expected in Q4 2021. CEO Gabriel Moura emphasized strong shareholder support for this step in the bank's evolution.

ITAÚ CORPBANCA (NYSE: ITCB) announced it will release its second-quarter earnings on July 30, 2021, before markets open in Santiago and New York. A conference call will follow on August 2, 2021, at 11:00 A.M. Santiago time, featuring key executives like CEO Gabriel Moura. The bank, the fifth largest in Chile, has a notable presence in Colombia and intends to leverage its regional platform for future growth. As of May 2021, it holds a 9.8% market share in Chile’s loan portfolio and has solidified its position in Colombia's banking sector, ranking eighth in total loans.