SANTIAGO, CHILE--(Marketwired - Oct 31, 2017) - ITAÚ CORPBANCA (
In order to allow for comparison with periods prior to 2017, historical pro forma data of the consolidated combined results of Banco Itaú Chile ("Itaú Chile") and Corpbanca -- deconsolidating our former subsidiary SMU Corp (which after the merger was no longer considered strategic) and excluding non-recurring events -- is presented in this MD&A Report when appropriate. The pro forma income statements for the periods prior to the second quarter of 2016 and for the nine months ended September 30, 2016 have been calculated as if the merger of Itaú Chile with and into Corpbanca occurred on January 1, 2015.
The pro forma information presented in this report is based on (i) the combined consolidated historical unaudited financial statements of each of Corpbanca and Itaú Chile, as filed with the " Superintendencia de Bancos e Instituciones Financieras " ("SBIF"), (ii) the deconsolidation of SMU Corp S.A. unaudited financial statements, as filed with the SBIF and (iii) the exclusion of non-recurring events.
The pro forma combined financial information included in the MD&A Report is provided for illustrative purposes only, and does not purport to represent what the actual combined results of Itaú Chile and Corpbanca could have been had the acquisition occurred as of January 1, 2015.
For more information, please refer to the following link: http://www.capitallink.com/press/2017_Q3_Earn...elease.pdf
About Itaú Corpbanca
ITAÚ CORPBANCA (
The merged bank has become the fourth largest private bank in Chile and will result in a banking platform for future expansion in Latin America, specifically in Chile, Colombia, Peru, and Central America. Itaú Corpbanca is a commercial bank based in Chile with operations also in Colombia and Panama. In addition, Itaú Corpbanca has a branch in New York and a representative office in Madrid. Focused on large and medium 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 having 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 August 31, 2017, according to the Chilean Superintendence of Banks, Itaú Corpbanca was the fourth largest private bank in Chile in terms of the overall size of its customer loan portfolio, equivalent to 11.0% market share.
As of the same date, according to the Colombian Superintendence of Finance, Itaú Corpbanca Colombia was the sixth largest bank in Colombia in terms of total loans and also the sixth largest bank in Colombia in terms of total deposits, as reported under local regulatory and accounting principles, and its market share by loans reached 5.2%.
Investor Relations Itau Corpbanca +56 (2) 2660-1701 IR@corpbanca.cl
