Corporate Profile
Historical series Nice to meet you, we are Banco Itaú Chile!
We are a universal bank, based in Chile with operations in Colombia and Panama, a branch in New York and a representative office in Lima.
We are part of the Itaú Unibanco group, the largest financial institution with the most valuable brand in Latin America.
Our mission is to stimulate the transformative power of people, and our vision is to be the leading bank in sustainable performance and customer satisfaction.
Banco Itaú Chile
We are a universal bank, based in Chile with operations also in Colombia and Panamá, a branch in New York and one representative office in Lima.
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Our History
1871
Creation of the Bank under the name of Banco de Concepción
1971
M&A:
– Banco Francés
– Banco Italiano
– Banco Valdivi
1977
Launch of First National Bank of Boston in Chile
1995
Change in control:
INFISA (now known as CORPGROUP) acquired Banco Concepción
1997
Banco Concepción rebranded to “Corpbanca”
1998
M&A:
– Consumer Finance
– Corfinsa
– Financiera Condell
2002
Local IPO
2003
NYSE Listing: ADR program
2004
BofA takes control after merger between Bank of America and Bank Boston in the USA
2007
Launch of Banco Itaú Chile
2008
Merger between Itaú and Unibanco is announced in Brazil
2009
New York Branch
2011
– Acquisition of HSBC Bank Chile branch network
– Acquisition of Munita, Cruzat y Claro (MCC), an asset manager and broker dealer
2011
Madrid Representative Office
2012
Acquisition in Colombia: Banco Santander Colombia
2013
Acquisition in Colombia: Helm Bank
2016
Merger between CORPBANCA and BANCO ITAÚ CHILE, renamed to “Itaú CorpBanca”
2017
– Lima Representative Office
– Acquisition in Colombia:
Assets & Liabilities of Itaú BBA Colombia
2019
Acquisition in Colombia: 20.8% additional stake in Itaú Corpbanca Colombia
2023
Change of Name: The bank is renamed to “Itaú Chile“