SANTIAGO, Chile, July 31, 2020 (GLOBE NEWSWIRE) -- ITA CORPBANCA (: ITCB; SSE: ITAUCORP) announced today its Management Discussion & Analysis Report (MD&A Report) for the second quarter ended June 30, 2020.
For the full MD&A Report, please refer to the following link:
On Monday, August 3, 2020, at 11:00 A.M. Santiago time (11:00 AM ET), the Companys management team will host a conference call to discuss the financial results. The call will be hosted by Gabriel Moura, Ita Corpbancas Chief Executive Officer, and Claudia Labb, Ita Corpbancas Head of Investor Relations.
Conference Call Details:
Participant registration: http://www.directeventreg.com/registration/event/6775796
Upon registering, each participant will be provided with call details and a registrant ID used to track attendance on the conference call (Access Code: 6775796#). Reminders will also be sent to registered participants via email.
A telephonic replay of the conference call will be available until Monday, August 10, 2020, by dialing +1(800) 585-8367 or +1 (416) 621-4642 (Encore Dial In). Access Code: 6775796#
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:
About Ita Corpbanca
ITA CORPBANCA (: 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: 38.14% owned by Ita Unibanco, 28.57% 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 June 30, 2020, according to the Chilean Commission for the Financial Market (Comisin para el Mercado Financiero), Ita Corpbanca was the fifth largest private bank in Chile in terms of the overall size of its customer loan portfolio, equivalent to 10.1% market share. As of April 30, 2020, according to the Colombian Superintendency of Finance (Superintendencia Financiera de Colombia), Ita Corpbanca Colombia was the seventh largest bank in Colombia in terms of total loans and the eighth largest bank in Colombia in terms of total deposits, as reported under local regulatory and accounting principles. Its market share by loans reached 4.1% as of the same date.