CorpBanca Announced the Pricing of Offering of Common Shares,

CorpBanca Announced the Pricing of Offering of Common Shares,
Including Common Shares in the Form of American Depositary Shares 
SANTIAGO, CHILE -- (Marketwire) -- 01/16/13 --  CorpBanca, (NYSE:
BCA) announced today the pricing of the offering of 10,680,200,621
common shares, including common shares in the form of American
Depositary Shares ("ADSs") in the United States and elsewhere outside
the Republic of Chile ("Chile") at a price of US$19.75 per ADS. An
additional 1,335,032,639 common shares, including common shares in
the form of ADSs, are being offered by Mr. Fernando Aguad Dagach (the
"selling shareholder"). The offering is expected to close on or about
January 18, 2013, subject to customary closing conditions. 
CorpBanca intends to use the net proceeds from the offering (i) to
subscribe US$285 million of capital increase in its subsidiary Banco
CorpBanca Colombia S.A. ("CorpBanca Colombia") in connection to (a)
the acquisition up to 100% equity interest in Helm Bank S.A. and its
subsidiaries ("Helm Bank") through a merger with CorpBanca Colombia;
and (b) the acquisition up to 80% equity interest in Helm Corredor de
Seguros S.A. ("Helm Insurance"); and (ii) to general corporate
purposes. 
On October 9, 2012, an affiliate of Inversiones Corpgroup Interhold
Limitada ("CorpGroup") entered into an agreement to acquire up to a
100% equity interest in Helm Bank with the intent to merge with and
into CorpBanca Colombia. The total purchase price of the acquisition
of Helm Bank is US$1.3 billion plus interest accruing on such amount
at the rate of 0.5% per month from January 1, 2013, until the
purchase price is paid. In addition, certain affiliates of CorpGroup
intend to acquire an 80% equity interest in Helm Insurance, an
insurance broker, for US$17.1 million. 
Helm Bank specializes in the corporate segment, medium enterprises
and personal accounts with middle to high income. As of September 30,
2012, according to the Colombian Superintendency of Finance, Helm
Bank was the ninth largest bank in Colombia in terms of total assets
and the eighth largest bank in Colombian in terms of total deposits,
as reported under local regulatory and accounting principles. 
Banco BTG Pactual S.A. - Cayman Branch, acting on behalf of BTG
Pactual US Capital, LLC is the sole bookrunner for the offering.
Celfin Capital Corredores de Bolsa S.A. and CorpBanca Corredores de
Bolsa S.A. are acting as co-managers for the offering. 
The offering may be made only by means of a prospectus supplement and
the accompanying prospectus, copies of which may be obtained by
sending a request by writing or telephoning us at our principal
executive offices at the following address: 
CORPBANCA S.A.
 Rosario Norte 660
 Las Condes
 Santiago, Chile 
Attention: Investor Relations
 Telephone Number: +56 (2) 2660-2555 
IR@corpbanca.cl 
A registration statement relating to these securities has been filed,
and became effective upon filing, with the U.S. Securities and
Exchange Commission. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy securities nor shall
there be any sales of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state. Any offer
or sale will be made only by means of the written prospectus forming
a part of the effective registration statement. 
About CorpBanca 
CORPBANCA (NYSE: BCA), is Chile's oldest operating private bank
founded in 1871. CorpBanca's loan portfolio (excluding loans to
banks) has grown at a compounded annual growth rate in nominal terms
of 11.3% between January 1, 2009 and December 31, 2011. As of
September 30, 2012, according to the Chilean Superintendency of
Banks, CorpBanca was the fourth largest private bank in Chile in
terms of the overall size of its customer loan portfolio (10.0%
market share on a consolidated basis and 8.3% market share among
private banks on an unconsolidated basis only taking into account its
operations in Chile). 
CorpBanca provides a broad range of commercial and retail banking
services to its customers in Colombia through its subsidiary
CorpBanca Colombia, operating principally in the cities of Bogota,
Medellin, Cali, Bucaramanga and Barranquilla. As of September 30,
2012, according to the Colombian Superintendency of Finance,
CorpBanca Colombia was the twelfth largest bank in Colombia in terms
of total assets, the tenth largest bank in Colombia in terms of total
loans and the eleventh largest bank in Colombia in terms of total
deposits, as reported under local regulatory and accounting
principles. 
CAUTION REGARDING FORWARD-LOOKING STATEMENTS 
This press release contains 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. Forward-looking
statements and information are based on current beliefs as well as
assumptions made by and information currently available to CorpBanca
concerning anticipated financial performance, business prospects, the
expected impact of the acquisition, strategies and regulatory
developments. 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. Furthermore, the forward-looking
statements contained in this press release are made as of the date of
this press release and 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 press
release are expressly qualified by this cautionary statement. 
CorpBanca Contact 
Investor Relations, CorpBanca
Santiago, Chile
Phone: +56 (2) 2660-2555
IR@corpbanca.cl 
 
 
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