GlobeNewswire Inc | Jun 10, 2021 06:37PM EDT

June 10, 2021

SANTIAGO, Chile, June 10, 2021 (GLOBE NEWSWIRE) -- ITA CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) today announced that it filed a Material Event Notice with the Chilean Commission for the Financial Market reporting that on this date the board of directors agreed to convene an Extraordinary Shareholders Meeting for July 13, 2021 to review, among other matters, a capital increase in the amount of Ch$830,000,000,000 (eight hundred and thirty billion Chilean pesos) or in the amount determined by the Shareholders' Meeting, through the issuance of new shares, which shall be subscribed and paid within the term agreed by the Shareholders Meeting. The full Material Event Notice is available on the companys investor relations website at ir.itau.cl.

About Ita Corpbanca

ITA CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) is the entity resulting from the merger of Banco Ita Chile with and into Corpbanca on April 1, 2016. The current ownership structure is: 39.22% owned by Ita Unibanco, 27.16% owned by the Saieh Family and 33.62% owned by minority shareholders. Ita Unibanco is the sole controlling shareholder of the merged bank. Within this context and without limiting the above, Ita Unibanco and CorpGroup have signed a shareholders agreement relating to corporate governance, dividend policy (based on performance and capital metrics), transfer of shares, liquidity and other matters.

The bank is the fifth largest private bank in Chile and as per its mandate is the banking platform for future expansion in Latin America, specifically in Chile, Colombia and Peru. Ita Corpbanca is a commercial bank based in Chile with additional operations in Colombia and Panama. In addition, Ita Corpbanca has a branch in New York and a representative office in Lima. Focused on large and medium sized companies and individuals, Ita 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 with banking subsidiaries abroad. The merger with Banco Ita Chile and the business combination of our two banks in Colombia, represent the continued success of our regionalization process.

As of April 30, 2021, according to the Chilean Financial Market Commission, Ita Corpbanca was the fifth largest private bank in Chile in terms of the overall size of its customer loan portfolio, equivalent to 9.8% market share. As of March 31, 2021, according to the Colombian Superintendency of Finance, Ita Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and ninth in terms of total deposits, as reported under local regulatory and accounting principles. As the same date, its market share by loans reached 4.0%.

Investor Relations Ita Corpbanca+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl