GlobeNewswire Inc | Oct 30, 2020 06:00AM EDT

October 30, 2020

SANTIAGO, Chile, Oct. 30, 2020 (GLOBE NEWSWIRE) -- ITA CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today its Management Discussion & Analysis Report (MD&A Report) for the third quarter ended September 30, 2020. For the full MD&A Report, please refer to the following link:

https://ir.itau.cl/files/doc_financials/2020/q3/Itau-CorpBanca-3Q20-MD-A.pdf

Ita Corpbanca also announced that the conference call to discuss its financial results for the third quarter of 2020 will be held on Wednesday, November 11, 2020, at 11:00 A.M. Santiago time (09:00 AM ET) and not as previously scheduled, due to changes in senior managements schedules.

The call to discuss the financial results will still be hosted by Gabriel Moura, Ita Corpbancas Chief Executive Officer, Rodrigo Couto, Ita Corpbancas Chief Financial Officer and Claudia Labb, Ita Corpbancas Head of Investor Relations.

Conference Call Details:

Online participant registration: http://www.directeventreg.com/registration/event/3890805

Phone registration: +1 (888) 869-1189 or +1 (706) 643-5902

Upon registering, each participant will be provided with call details and a registrant ID used to track attendance on the conference call (Access Code: 3890805#). Reminders will also be sent to registered participants via email. Please provide this registration information to those participants that you would like to attend your conference call.

A telephonic replay of the conference call will be available until Wednesday, November 18, 2020, by dialing +1(800) 585-8367 or +1 (416) 621-4642 (Encore Dial In). Access Code: 3890805#

Slides and Audio Webcast:

There will also be a live, and then archived, webcast of the conference call, available through the Companys website. Participants in the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The webcast can be found at:

https://event.on24.com/wcc/r/2625413/20CDDFBA418973760F3B93984FEE6F19

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, 27.49% owned by the Saieh Family and 33.29% 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 September 30, 2020, 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 10% market share. As of August 31, 2020, according to the Colombian Superintendency of Finance, Ita Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and in terms of total deposits, as reported under local regulatory and accounting principles. As of the same date, its market share by loans reached 4.1%.

Investor Relations Ita Corpbanca

+56 (2) 2660-1701 / IR@corpbanca.cl / ir.itau.cl