Itaú Corpbanca files an important event notice announcing the
SANTIAGO, Chile, March 18, 2021 (GLOBE NEWSWIRE) – ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today that it has filed an important event notice with the Chilean Financial Market Commission reporting that at today’s Annual Ordinary General Meeting of Shareholders, our shareholders have agreed to appoint Messrs. Rogerio Braga and Matias Granata as members of our board of directors. 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 in Corpbanca on April 1, 2016. The current ownership structure is: 39.22% owned by Itaú Unibanco, 27.16% owned by the Saieh family and 33.29 % held by minority shareholders. Itaú Unibanco is the sole majority shareholder of the merged bank. In this context and without limiting the foregoing, Itaú Unibanco and CorpGroup have signed a shareholders’ agreement relating to corporate governance, dividend policy (based on performance and capital indicators), transfer of stocks, liquidity and other matters.
The bank is the fifth largest private bank in Chile and, according to its mandate, is the banking platform for future expansion in Latin America, particularly Chile, Colombia and Peru. Itaú Corpbanca is a Chile-based commercial bank 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 businesses and individuals, Itaú Corpbanca offers universal banking products. In 2012, the bank began a process of regionalization and, as of the date hereof, acquired two banks in Colombia ‒Banco Corpbanca Colombia and Helm Bank‒, thus becoming the first Chilean bank to have 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 December 31, 2020, according to the Chilean Financial Market Commission, Itaú Corpbanca was Chile’s fifth-largest private bank in terms of the overall size of its customer loan portfolio, accounting for 9.9% market share. As of the same date, according to the Colombian Superintendent of Finance, Itaú Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and the ninth in terms of total deposits, according to local regulatory and accounting principles. As of December 31, 2020, its market share in loans reached 4.0%.
Investor relations – Itaú Corpbanca