January 24, 2017 1:35 PM ET

Banks

Company Overview of Itaú CorpBanca

Company Overview

Itaú CorpBanca provides banking products and services in Chile. It offers various deposits and current accounts, credit cards, line of credit, and mortgage credit products, as well as cash management, financing, treasury, corporate finance, investment, portal access, and insurance services. The company was formerly known as Banco Itaú Chile S.A. and changed its name to Itaú CorpBanca in April 2016. Itaú CorpBanca was founded in 2006 and is headquartered in Santiago, Chile.

660 Rosario Norte

Las Condes

Santiago,  

Chile

Founded in 2006

Phone:

56 22 687 8000

Key Executives for Itaú CorpBanca

Itaú CorpBanca does not have any Key Executives recorded.

Itaú CorpBanca Key Developments

Helm LLC Files Lawsuit Against ITAÚ CORPBANCA

ITAÚ CORPBANCA announced that on December 20, 2016, Helm LLC filed a lawsuit in the Supreme Court of the State of New York and a Request for Arbitration in the ICC International Court of Arbitration against Itaú CorpBanca, alleging certain contractual breaches. These alleged breaches relate to the Amended and Restated Shareholders Agreement of HB Acquisition S.A.S. dated July 31, 2013, and the Transaction Agreement dated January 29, 2014, as amended, providing for, among other things, the merger between Itaú Chile S.A. and CorpBanca, which resulted in the creation of Itaú CorpBanca and the acquisition by Itaú CorpBanca of certain shares in CorpBanca Colombia on or prior to January 29, 2017. In the lawsuit filed by Helm LLC in the Supreme Court of the State of New York, Helm LLC seeks an injunction in aid of arbitration to block the TA Shares Acquisition, which as disclosed by Itaú CorpBanca in a Material Event Notice has already been postponed by the parties until January 28, 2022. Itaú CorpBanca believes the Lawsuits are without merit and is taking, and, will take, appropriate steps to respond to allegations set forth in the Lawsuits.

Itaú Corpbanca Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Itaú CorpBanca reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest and indexation income of CLP 176,555 million compared to CLP 59,473 million a year ago. Total operating income was CLP 255,406 million compared to CLP 83,221 million a year ago. Net operating income was CLP 21,394 million compared to CLP 28,297 million a year ago. Profit before taxes was CLP 21,481 million compared to CLP 28,327 million a year ago. Profit from continuing operations was CLP 14,082 million compared to CLP 23,925 million a year ago. Consolidated profit attributable to bank was CLP 19,239 million compared to CLP 23,922 million a year ago. Basic and diluted earnings per share attributable to the owners of the bank were CLP 0.048 against CLP 0.208 a year ago. Basic and diluted earnings per share from continuing operations attributable to the owners of the bank were CLP 0.048 against CLP 0.208 a year ago. For the quarter, the company reported net interest and indexation income of CLP 1,044,847 million compared to CLP 368,868 million a year ago. Total operating income was CLP 596,007 million compared to CLP 249,569 million a year ago. Net operating income was CLP 68,781 million compared to CLP 82,389 million a year ago. Profit before taxes was CLP 69,216 million compared to CLP 82,583 million a year ago. Profit from continuing operations was CLP 50,138 million compared to CLP 66,638 million a year ago. Consolidated profit attributable to bank was CLP 53,921 million compared to CLP 66,631 million a year ago. Basic and diluted earnings per share attributable to the owners of the bank were CLP 0.135 against CLP 0.579 a year ago. Basic and diluted earnings per share from continuing operations attributable to the owners of the bank were CLP 0.579 against CLP 0.440 a year ago. Net cash flows used in operating activities was CLP 641,269 million against CLP 473,519 million a year ago. Purchase of property, plant and equipment and intangible assets was CLP 75,969 million against CLP 11,182 million a year ago.

Itaú CorpBanca Announces Unaudited Consolidated Earnings Results for the Month Ended November 30, 2016

Itaú CorpBanca announced unaudited consolidated earnings results for the month ended November 30, 2016. For the month, the company reported net operating profit before loan losses of CLP 765,383 million. Operating loss was CLP 27,291 million. Loss before taxes was CLP 26,744 million. Loss from continuing operations was CLP 4,071 million. Net loss was CLP 4,468 million. Net income attributable to shareholders was CLP 3,029 million.

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Recent Private Companies Transactions

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