FAQs

Investor Relations Disclaimer

Information in this site is not an offer for sale of securities. This site has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as giving investment advice. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this site are subject to change without notice and neither Itaú Corpbanca (the “Bank”) nor any other person is under obligation to update or keep current the information contained herein. The information contained herein does not purport to be complete and is subject to qualifications and assumptions, and neither the Bank nor any agent can give any representations as to the accuracy thereof. The Bank and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material.

Certain statements in this site may be considered forward-looking statements. Forward-looking information is often, but not always, identified by the use of words such as “anticipate,” “believe,” “expect,” “plan,” “intend,” “forecast,” “target,” “project,” “may,” “will,” “should,” “could,” “estimate,” “predict” or similar words suggesting future outcomes or language suggesting an outlook. These forward-looking statements include, but are not limited to, statements regarding expected benefits and synergies from the merger of Banco Itaú Chile with and into CorpBanca, the integration process of both banks, anticipated future financial and operating performance and results, including estimates for growth, as well as risks and benefits of changes in the laws of the countries we operate.

These statements are based on the current expectations of the Bank’s management. There are risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, (1) problems that may arise in successfully integrating the businesses of Banco Itaú Chile and CorpBanca, which may result in the combined company not operating as effectively and efficiently as expected; (2) the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies; (3) the credit ratings of the combined company or its subsidiaries may be different from what the Bank or its controlling shareholders expect; (4) the industry may be subject to future regulatory or legislative actions that could adversely affect the Bank; and (5) the Bank may be adversely affected by other economic, business, and/or competitive factors.

Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to the Bank’s management. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved.

We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. More information on potential factors that could affect Itaú CorpBanca’s financial results is included from time to time in the “Risk Factors” section of Itaú CorpBanca’s Annual Report on Form 20-F for the fiscal year ended December 31, 2017, filed with the U.S. Securities and Exchange Commission (the “SEC”). Furthermore, any forward-looking statement contained in this site speaks only as of the date hereof and Itaú CorpBanca does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this site are expressly qualified by this cautionary statement.

This site may not be reproduced in any manner whatsoever. Any reproduction of this document in whole or in part is unauthorized. Failure to comply with this directive may result in a violation of the U.S. Securities Act of 1933, as amended, or the applicable laws of other jurisdiction.

The information contained herein should not be relied upon by any person. Furthermore, you should consult with own legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that you deem it necessary, and make your own investment, hedging and trading decision based upon your own judgment and advice from such advisers as you deem necessary and not upon any view expressed in this material.

The Bank is an issuer in Chile of securities registered and regulated by the Superintendencia de Bancos e Instituciones Financieras, or “SBIF.” Shares of our common stock are traded on the Bolsa de Comercio de Santiago—Bolsa de Valores, or the Santiago Stock Exchange, the Bolsa Electrónica de Chile— Bolsa de Valores, or Electronic Stock Exchange, and the Bolsa de Corredores—Bolsa de Valores, or the Valparaiso Stock Exchange, which we jointly refer to as the “Chilean Stock Exchanges,” under the symbol “ITAUCORP.” The Bank’s American Depositary Shares are traded on the New York Stock Exchange under the symbol “ITCB.” Accordingly, we are currently required to file quarterly and annual reports in Spanish and issue hechos esenciales o relevantes (notices of essential or material events) to the SBIF and the Comisión para el Mercado Financiero, the Chilean Commission for the Financial Market, or “CMF,” and provide copies of such reports and notices to the Chilean Stock Exchanges and the SEC. All such reports are available at www.sbif.cl, www.cmf.cl, www.sec.gov and in this site.

Itaú Corpbanca Headquarters – Santiago, Chile

What is the Bank current market position in Chile?

September 30, 2018

Market Share Ranking
Total loans 10.4%
Commercial loans 12.2%
Consumer loans 7.8%
Residential mortgage loans 8.1%
Total deposits 8.5%
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What is the Bank's current payout ratio?

Dividend policy approved by shareholders in March 2017 in the Annual Shareholders Meeting is to distribute a final dividend of 100% of the annual net income, net from the necessary reserves to comply with capital ratios defined as "Optimal Regulatory Capital" in the “Shareholders Agreement” whose terms are part of the "Transaction Agreement" executed on January 29, 2014 (http://www.corpbanca.cl/storage/CB_IR_PA_Shareholdersagreements.pdf?tmp=0).

In this context, the last dividend payout ratio was 40% of 2017 Net Income, equivalent to a dividend yield of 0.76%. For purposes of capital requirements, annual dividends are provisioned at 30%. The following table shows dividends per share distributed during the past five years:

Company Charge to Fiscal Year Year paid Net Income (Ch$mn) % Distributed Dividend per Share (Ch$)
Banco Itaú Chile 2013 2014 87,723 0% -
Corpbanca 2013 2014 155,093 57% 0.259736
Banco Itaú Chile 2014 2015 85,693 31% 18,447.50
Corpbanca 2014 2015 226,260 50% 0.33238491
Corpbanca Retained Earnings 2015 239,860 100% 0.70472815
Banco Itaú Chile 2015 2016 104,336 50% 36,387.38
Corpbanca 2015 2016 201,771 50% 0.29640983
Corpbanca 2015 2016 201,771 UF 124,105 0.00939188
Itaú Corpbanca 2016 2017 2,059 30% 0.001205475
Itaú Corpbanca 2017 2018 57,447 40% 0.044844689
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When are dividends paid?

  • Dividends are paid once they are approved at the annual general shareholders meeting. On that day, dividends are wired to checking accounts or paid through cashier's checks.
  • Wires to Itaú Corpbanca checking accounts and RTGS (Real Time Gross Settlement) are on the same day of the dividend approval.
  • Wires to other banks (non RTGS) are wired the next day.
  • Cashier’s checks can be claimed at any branch during the 7-day period after the date of the dividend approval. After this period, dividend payment has to be requested at DCV Registros.
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Can I have my dividends wired directly into my checking account?

Yes, you can request payment to your checking account in any bank that you have registered at DCV Registros.

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Who should I contact if I don´t receive my dividends?

  • Contact Itaú Corpbanca Investor Relations
    Tel: +56 2 2660 1701
  • Contact DCV Registros
    Email: atencionaccionistas@dcv.cl
    Tel: +56 2 2393 9003
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Who can I request a certificate with my share ownership?

Request to DCV Registros at atencionaccionistas@dcv.cl | Tel: +56 2 2393 9003

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How can I get my printed Itaú Corpbanca shares?

Request to DCV Registros at atencionaccionistas@dcv.cl |Tel: +56 2 2393 9003

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When is the Bank’s next general shareholder meeting?

The next meeting will be held in March 2019.

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What is the Bank's current ownership structure?

structure
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What is the daily volume traded of the Bank’s at stock exchanges?

The average daily traded volumes in LTM ended September 30, 2018 was US$4.03 million in the Santiago Stock Exchange and US$1.6 million in the NYSE.

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What are the Bank’s credit risk ratings?

On a global scale, Itaú Corpbanca is rated by two worldwide recognized agencies: Moody´s Investors Service (‘Moody’s’) and Standard & Poor´s Global Ratings (‘Standard & Poor’s’ or ‘S&P’).

Moody´s Rating
Long term Counterparty Risk Rating (CRR) A2
Long-term foreign currency deposits A3
Long-term foreign currency debt A3
Short-term foreign currency deposits Prime-2
Outlook Stable
Standard & Poor´s Rating
Long-term issuer credit rating BBB+
Senior unsecured bonds BBB+
Short-term issuer credit rating A-2
Outlook Stable

On a national scale, Itaú Corpbanca is rated by Feller Rate Clasificadora de Riesgo Ltda. (‘Feller Rate’) and by Standard & Poor's Global Ratings Chile Clasificadora de Riesgo Ltda. (‘Standard & Poor's Chile’ or ‘S&P Chile’).

Feller Rate Rating
Long-term issuer credit rating AA
Senior unsecured bonds AA
Letter of credit AA
Long-term deposits AA
Subordinated bonds AA-
Short-term deposits Nivel 1+
Shares 1a Clase Nivel 1
Outlook Positive
Standard & Poor´s Chile Rating
Long-term issuer credit rating clAA+
Senior unsecured bonds clAA+
Letter of credit clAA+
Long-term deposits clAA+
Subordinated bonds clAA
Short-term deposits clA-1+
Shares 1a Clase Nivel 1
Outlook Stable
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What are the Bank's current capitalization ratios?

As of September 30, 2018, our capital ratios are:
BIS ratio (Regulatory Capital / Risk-weighted assets)1 14.38%
Core Capital Ratio (ex-goodwill)2 9.02%

Notes: (1) BIS Ratio= Regulatory capital / RWA, according to SBIF BIS I definitions.
(2) Core Capital = Capital Básico according to SBIF BIS I definitions.

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Where can I obtain more information?

Itaú Corpbanca Investor Relations Contact Information:
Claudia Labbé
Head of Investor Relations
+56 2 2660-1701
ir@corpbanca.cl

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What are the dates of your results releases ?

Please, refer to our events calendar.
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What are the Corporate Contact areas?

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On what stock exchanges are Itaú Corpbanca shares traded?

Itaú Corpbanca is traded at the Santiago Stock Exchange (Bolsa de Comercio de Santiago), Chile Electronic Exchange (Bolsa Electrónica de Chile) and New York stock Exchange.

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