corpbanc a anno uncesmedia.capitallink.com/press/2013_q4_earnings_release.pdf · santiago, c...

Santiago, Coffering a wfor the fostatementsconveniencour internahas been o(“SBIF”).

Financi

In 4Q 20totalledUS$0.45when cincreasemain drpositive(ii) net ifull incoadjustmequatio

Total loloans) Decembachieve137.5bpto our fand liquthe fouof loansthe thirthe fifth

During

F

Chile, Februarywide variety ofurth quarter s prepared ince of the readeal exchange raobtained from

al Highlights

013, Net Incom Ch$54,383 m553 per ADR)compared to e when comprivers for this e impact of thincome from torporation of ment to purcn.

oans (excludinreached Ch

ber 31, 2013e a market shap YoY and a defocus shift towuidity in Chile.urth largest pris and depositsrd place bankh largest privat

4Q 2013:

Courth Q

y 20, 2014. COf corporate andended Decemn accordance er, U.S. dollar te as of Decem

m the informat

me attributablemillion (Ch$0.15), reflecting a4Q 2012 (Yo

pared to 3Q 2quarter incree revenue genthe sale of 31 Helm during

chase price

g interbank anh$13,085.7 b3, allowing Care of 11.5%, aecrease of 23.wards increasin CorpBanca coivate bank in Cs, and has clos. CorpBanca te bank in Colo

CorpBancQuarter 2

ORPBANCA (Nd retail financi

mber 31, 2013with Chileanamounts in thmber 31, 2013tion provided

e to sharehold598 per share 46.7% increa

oY) and a 93.2013 (QoQ). Tase were: (i) tneration in Chbranches and 4Q and relatallocation (PP

nd contingent illion as of CorpBanca to an increase of 6bp QoQ due ng profitability ontinues to be Chile in terms sed the gap to also ranks as ombia.

ca Anno2013 Fina

NYSE:BCA; BCSal products an. This report generally acis report have of Ch$526.41by the Super

ers e or ase .2% The the hile; (iii) ted PA)

Mr. Fern

During 2successfenvirongoals to(synergytowardsdiversifireduce and to proud tothis yemilestonregionalthe Helmore th2013; (senior acquisitHelm Ba

The cucrownedCorpBanand to expect

ounces ancial R

S: CORPBANCAnd services, todis based on

ccepted accou been translat1 per U.S. dollarintendency of

nando Massú,

2013, CorpBanful even inment. We hao further impy, efficiency ans what we coication of fudependence balance our o have accomear, we alsones, most olization procelm Bank acquhan US$620 m(ii) CorpBancaNotes; and ion of a majorank in August 2

ulmination of d with the renca agreed to combine busthis strategic

Report;

A), a Chilean day announcedunaudited counting principed from Chileaar. Industry daf Banks and F

CEO

nca has shown n a stressfuad particularlyrove our strand reciprocity)onsider to be nding sourceon institutiofunding structplished these o achieved of them relaess: (i) in conuisition, Corpmillion in new a issued US$(iii) we clo

rity of the equ2013.

f a successfuecent announa merger withsinesses in Cc association

financial institd its financial rnsolidated finles. Solely foan nominal peta contained hinancial Institu

that it can be ul economic y demanding tegic focuses and to move an adequate s, so as to nal investorsture. We are goals. During three major ated to our nnection with Banca raised capital in 1Q 8000 million sed on the ity interest of

ul year wasncement thath Itaú in Chile olombia. We will to be

tution results ancial or the sos at herein utions

Net opand inc

Net proQoQ an

Total oQoQ an

perating profitrease 72.4% Yo

ovisions for loand increase 125

operating expnd 55.0% YoY.

t increased byoY;

an losses decre5.5% YoY; and

penses increa

y 34.4% QoQ

ease by 26.8%

se by 24.4%

highlightransactstrongesUS$45 billion in

With ththat tooCorpBanvarious

In the elargest value, wAmerica

thousan

After thresult iplatformspecificaAmerica

hted as one tions of 2014st institutionsbillion in comn aggregate loa

his announcemok several monnca received cinternational f

end of this proprivate bank with a presenc, Europe an

d employees

he closing, we n the formatm for future eally in Chile, Ca.

of the maand to creats in Latin Ambined assetsans.

ment we finishnths of work, competitive prfinancial institu

ocess, Itaú Unin South Amce in 20 counnd Asia, and

succeeded.

expect this ttion of a leaexpansion in LaColombia, Peru

Press RelFebruary 20,

ajor financial e one of the merica, with s and US$34

hed a process during which roposals from utions.

nibanco the merica market ntries in Latin about 100

ransaction to ding banking atin America, u, and Central

lease 2014 2 / 25

General I Market Sha

Net Incom

4.944

7.0%

3.000

4.000

5.000

6.000

7.000

8.000

9.000

10.000

11.000

12.000

13.000

14.000

15.000

16.000

17.000

18.000

Dec‐08

T

M

Dec‐039,10

Dec‐0

Information

are

e (12 months t

5.012 5.469

7.3% 7.3%

8 Dec‐09 Dec‐10

otal Loans (Ch$mn

Market Share

CHILE´S LOA

0604

Dec‐0751,049

06 Dec‐07

n

trailing in milli

9

6.814

8.277

7.7%

8.4%

0 Dec‐11 Dec‐1

n)

AN PORTFOLIO

Dec‐0856,310

Dec‐0985,109

Dec‐08 Dec‐0

ions of Chilean

7 7.909

7.3%

2 Dec‐13

99

Dec‐10119,043

D1

9 Dec‐10 D

n pesos)

9.664 10.1

10.1% 10.1

Jun‐12 Dec‐1

CONSOLIDLOAN POR

Dec‐11122,849

Dec‐12120,080

Dec‐11 Dec‐12

Δ

161

13.086

1%

11.5%

4.50%

5.50%

6.50%

7.50%

8.50%

9.50%

10.50%

11.50%

12.50%

12 Dec‐13

DATED RTFOLIO

20

Dec‐13155,093

2 Dec‐13

Δ+29%

As of Deceaccording were the fprivate baof the oveportfolio (on a conso7.3% markunconsolidtaking intooperations

During 3Qadded US$through thHelm Bankthe 216bpmarket shconsolidattime. On tdecrease omarket shunconsolidtaking intooperationsour focus profitabilitChile.

Net IncomeCh$54.4 bil

The chart sour 12 monIncome fro2006 throu2013. DurinNet Incometrailing Decreached recCh$155,093in a 29% inc


ember 31, 2013to the SBIF, wfourth largest nk in Chile in terall size of our11.5% market olidated basis aket share on andated basis ono account our s in Chile).

Q 2013, CorpBa$5.3 billion in lhe acquisition ok, which explaip increased in are on a ted basis at thathe other handof almost 1% oare on an dated basis (ono account our s in Chile) is duon increasing ty and liquidity

e for 4Q 2013 wllion.

hows the trennth trailing Netm December 3ugh Decemberng this period, e for the 12 mocember 31, 201cord levels: 3 billion, resultcrease YoY.

lease 2014 3 / 25

3, e

terms r loan share and n ly

nca oans of ined

at d, the of

nly

ue to

y in

was

d in t 31, 31, our onth 13

ting

RoAE – RoA

24.8

20.2

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Dec‐10

Jan‐11

Feb‐11

RoAE (%

)

12 months

1.7

1.5

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2.0

Dec‐10

Jan‐11

Feb11

RoAA(%

)

12 month

AA

2

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

traling

Δ+K~US$350mnJuly 2011

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov11

hs traling

Nov‐11

Dec‐11

Jan‐12

Feb‐12

Mar‐12

Apr‐12

May‐12

Jun‐12

Jul‐12

Aug‐12

Δ+K ~US$570mMay‐Jun2012

Nov‐11

Dec‐11

Jan‐12

Feb‐12

Mar‐12

Apr‐12

May‐12

Jun‐12

Jul‐12

A12

Aug‐12

Sep‐12

Oct‐12

Nov‐12

Dec‐12

Jan‐13

Feb‐13

Mar‐13

Apr‐13

May‐13

C

In

mnn

Δ+K ~US$620mnJan‐Feb 2013

Aug‐12

Sep‐12

Oct‐12

Nov‐12

Dec‐12

Jan‐13

Feb‐13

Mar‐13

Apr‐13

1214

May‐13

Jun‐13

Jul‐13

Aug‐13

Sep‐13

Oct‐13

Nov‐13

Dec‐13

ORPBANCA

ndustry

1

1

pMay‐13

Jun‐13

Jul‐13

Aug‐13

Sep‐13

Oct‐13

Nov‐13

Dec‐13

CORPBANCA

Industry

We havreturn betwee

Capitaland 20in ChileColombUS$1,5(+137.1since th

* Equity:

sharehofor man

The folimpactour corprofilesretail lo2012); SantanBanco Incomehalf of five moUF vari(Δ+2.45

Althouthe earindustrperformconseqdiversifstable

.4

.3

1.0

1.3

ve achieved anon equity (RoAen 2009 and 20

l increases rais013 to fulfill oue and our acqubia – for a tota570 million app1%)– have imphe third quarte

Average equity att

olders excluding netndatory dividends.

llowing other ited our RoAA: rporate loans (s and lower spoans in 2011 a (ii) the accrua

nder Colombia’Corpbanca Coe commencing2012 and of Honths in 2013; iation observe5% in 2012 vs.

gh the lower inrning generatiory, CorpBanca’mance was remquence of its grfication which revenue stream


n average annuAE*) of 20.1% 012.

sed between 20r organic growuisitions in al amount of proximately pacted our RoAer 2011.

ributable to

t income and provis

tems have also(i) the increase(with lower rispreads than in ond beginning oal of Banco ’s (now knownlombia) Net g on the secondHelm Bank for oand (iii) the lod in 2013 Δ+2.05% in 20

nflation reduceon in the banks 2013 markable as a reater businesreflects more ms.

lease 2014 4 / 25

ual

011 wth

AE

sion

o e in k our of

as

d only ower

13)

ed ing

s

Risk Index

NPL (%)

1.46

Dec‐

%

1.8%

De

(Loan loss allo

6

1.911.79

2.43

08 Dec‐09

CorpB

%2.%

3.%

ec‐09 Dec

owances / Tota

1.95

32.52

Dec‐10

anca CorpBan

1.6%

2.7%2

c‐10 Dec‐

CorpBanca

al loans)

1.641.54

1.2

2.36

Dec‐11 Dec

nca (Chile) Ind

1.2%

2.4%2.

11 Dec‐1

Industry

2.35

27

1.55

2.292.4

c‐12 Dec‐13

dustry

1.1%

.2% 2.1

2 Dec‐13

Consisstrateglowestallowabankinas of Dhad thloan plowest(2.35%banks marke(Sourc

CorpBbeen mof BanknownColom2012 aHelm Billustraratio cindust

We besystemto idenproblehave sto impmanag

42

1%

3

stent with one gies, CorpBanct risk indexes (ances / Total long industry in CDecember 31, 2he lowest risk inortfolio (1.55%t on a consolid%) among the trepresenting mt share in termce: SBIF).

anca´s high assmaintained aftnco Santander n as Banco Cormbia) which tooand after the aBank in Augustates how our ccontinues to betry average in C

elieve that our m and methodontify risks and ems on a timelysignificantly invprove the technge risk.


of our core ca has one of thLoan loss oans) in the Chile. Specifica2013, CorpBanndex in its Chil%) and one of tated basis op eight Chileamore than 90%ms of total loan

set quality haster the acquisitColombia (nowpBanca ok place in Maycquisition of t 2013. The chaconsolidated Ne better than tChile.

risk managemology enables resolve potenty basis and wevested resourcnology we use

lease 2014 5 / 25

he

ally, nca ean the

an % of ns.

s tion w

y

art PL he

ment us tial e ces to

BIS Ratio (%

10.8

Dec

%) – TIER I (%)

13.9

9.1 9.5

‐08 Dec‐09

13.4

8.9

Dec‐10

BIS Ratio (%)

14.5

11.19.5

Dec‐11 De

TIER I Ratio (%)

1

13.2

8.29.

ec‐12 Dec‐13

The in2013 iratio iincorpweighdeduc13% aquarteDecem

.4

3

ncrease of capiimproved the tn 2013. With poration of Hehted assets andction, our BIS Raccording with er estimates (1mber 2013).


tal during 1Q trend in our BIthe lm Bank’s risk d the goodwill Ratio is still aboour previous 13.2% in

lease 2014 6 / 25

IS

ove

Branches –

106

Dec‐08

Branche

Chile

205

Dec‐08

ATM

Chile

3,083

Dec‐08

Headcoun

Chile

– ATM – Headc

107 1

Dec‐09 De

s

Colombia

324 3

Dec‐09 De

Colombia

3,311 3,

17

Dec‐09 De

nt

Colombia

count

113 116

c‐10 Dec‐11

382 431

c‐10 Dec‐11

,404 3,443

18 18

ec‐10 Dec‐11

United States

122 12

87 17

Dec‐12 Dec

445 50

11218

Dec‐12 Dec

3,574 3,7

1,566

3,523

2

Dec‐12 Dec

Ourintecustincluteleopeinclu56 bconDecATMovein Cor Rchatelecliendistand

Corpprovto itdiveinteDec85 bin CATMwithColoColochateleclienbrannetw

As owe 3,58the

23

72

‐13

04

82

c‐13

724

586

26

c‐13

r distribution negrated financitomers througuding ATMs, bephone bankingerated 123 branuded 67 brancbranches operasumer financecember 31, 201Ms in Chile, andr 8,850 ATMs (Chile through oRedbanc. We unnels includingemarketing andnts. Our brancribution netwo services.

pBanca Colomvides integratets customers inerse channels, ernet banking acember 31, 201branch officesColombia and oMs respectivelyh access to oveombia’s financombia also utilnnels includingemarketing andnts. CorpBancanch systems sework for its ful

of December 3had a headcou86 employees United States.

network in Chilal services andgh several diverbranches, interg. As of Decemnch offices in Cches operating ating as Bancoe division. In ad13, we owned d our custome(including Banour agreement utilize a numbeg account execd the internet th system serveork for our full

bia’s distributied financial sern Colombia thrincluding ATMand telephone 13, CorpBanca and Helm Banowned and opey, while provider 12,280 ATMcial institutionslizes a numberg account execd the internet ta Colombia’s aerve as the mall range of prod

1, 2013, on a cunt of 3,724 emin Colombia an.


e provides d products to orse channels, net banking anmber 31, 2013, Chile, which as CorpBanca

o Condell, our ddition, as of and operated rs had access tcoEstado’s ATMwith Redbanc

er of different scutives, to attract new es as the main range of prod

ion channel alsrvices and prodrough several Ms, branches, banking. As ofColombia opek 87 branch oferated 115 anding its customs through s. CorpBanca r of different sacutives, to attract new nd Helm Bankin distributionducts and serv

consolidated bmployees in Chnd 26 employe

lease 2014 7 / 25

our

nd we

and

504 to Ms) S.A., sales

ducts

so ducts

f erated ffices d 67 ers

ales

’s vices.

asis hile, ees in

Managem I) Consolid Our consolCh$17,318Ch$28.154revenue ge4Q and rela On Octobe

CorpBancaDescubrimprice of alcontemplaa 15 year tmillion wer As we mendid not cofrom Auguownership as of Augus The follow2012 and S

(Expresse

Net inter

Net fee a

Treasury

Other op

Net oper

Provision

Net oper

Operatin

Other op

Operatin

Income f

Income b

Income t

Minority

Net inco

(1) Includ

II) Unconso The followimpact of books of Cexpenses i

ment’s Discu

ated Financial

lidated Net Inc million increa million in 3Qeneration in Chated adjustme

er 8, 2013, thr

correspondiento S.A., a sl 31 propertieted that CorpBterm and will re recorded th

ntioned in our rrespond to thust 6, 2013). interest in Hest 6, 2013 and

ing table set fSeptember 30,

ed in millions of Chil

rest income

and commission in

y

perating income

rating profit befor

n for loan losses (1)

rating profit

ng expenses

perating expenses

ng income

from investments

before taxes

tax expense

y interest

ome attributable t

des Provision for Co

olidated Finan

ing table presethe ColombianorpBanca Chilein connection

ussion and A

l Performance

come attributaase from Ch$3Q 2013. The mhile; (ii) net incnt to purchase

rough a privat

ding to the prsubsidiary of Fes was 1,811,0Banca leased bcontinue to oproughout the f

last quarterly he complete qAdditionally, lm Bank at diff35.8% as of Au

forth the comp2013:

Quar

lean pesos)

ncome

re loan losses )

in other companie

o shareholders

ntingent loans.

cial Performan

ents separatelyn operation ine include somewith the part

Analysis

Review

able to shareho37,065 million main drivers focome from the e price allocatio

te sale proces

roperties wherondo de Inver000 Unidades ack from Socieperate the brafourth quarter

report, 3Q 201quarter, but onthe recognitioferent times dugust 29, 2013

ponents of our

terly Consolidated

es

nce Review: Ch

y the results gn the consolidae expenses asst of the acqui

olders reportedin 4Q 2012 anor this quartersale of 31 braon (PPA) equat

s, CorpBanca

re CorpBanca’srsión Independde Fomento (edad Inmobiliaanches located.

13 results inclunly to the peron of the resuring the mon3).

r net income f

d Income Stateme

Qu

4Q13

147,621 1

39,348

25,414

29,984

242,367 1

(25,540) (3

216,827 1

(117,968) (9

(10,426) (

88,433

210

88,643

(28,896) (1

(5,364) (

54,383

hile and Colom

generated in Cated results ofsociated to theisition of Banc

d in 4Q 2013 wnd a 93.2% orr increase wernches; and (iii)tion.

agreed to sel

s branches opdencia Rentas (approximatelyaria Descubrimd at such prop

uded partial reriod following sults was granth of August (

for the quarte

ents (unaudited)

uarter

3Q13 4

138,306 87,

31,047 27,

7,151 21,

3,769 3,

180,273 140,

34,894) (11,3

145,379 129,

94,843) (76,1

(5,418) (5,3

45,118 47,

(1)

45,117 48,

10,987) (10,8

(5,976) (3

28,154 37,

mbia

hile and Colomf CorpBanca. Ie Colombian oco Santander

was Ch$54,383r Ch$26,229 mre: (i) the pos) full incorpora

l 31 real estat

perate to SoInmobiliarias. y US$84 millio

miento S.A. the perties. Total r

esults of Helm the acquisitiodual, and refownership of 5

rs ended Dece

4Q12 4Q13

,871 6

,763 4

,857 1

,106 86

,597 7

328) 12

,269 6

110) 5

314) 9

,845 8

440 ‐5

,285 8

864) 16

356) 140

,065 4

mbia for the 4QIs important toperations, parColombia (no


3 million, a 46.million increasesitive impact oation of Helm d

te assets own

ociedad InmobThe aggregat

on). The transasame propertievenues of $2

Bank. These rn (55 days coflected CorpBa51.6% of Helm

ember 31, 201

Change (%)

3/4Q12 4Q13/3

68.0% 6.7

41.7% 26.7

16.3% 255.4

65.4% 695.5

72.4% 34.4

25.5% ‐26.8

67.7% 49.1

55.0% 24.4

96.2% 92.4

84.8% 96.0

52.3%

83.6% 96.5

66.0% 163.0

06.7% ‐10.2

46.7% 93.2

Q 2013 to shoo highlight tharticularly: (i) inow known as

lease 2014 8 / 25

.7% or e from of the during

ed by

biliaria e sale action ies for 23,254

results unted anca’s

m Bank

13 and

Q13

7%

7%

4%

5%

4%

8%

1%

4%

4%

0%

‐

5%

0%

2%

2%

ow the at the terest Banco

CorpBancaBanco Santfiscal hedg These adjuacquisitionAugust 201

(Expressed in

Net interest

Net fee and

Treasury

Other opera

Net operati

Provision fo

Net operati

Operating e

Other opera

Operating iIncome fromcompanies

Income bef

Income tax

Net income

Efficiency R

(1) Includes

In terms ofthe Chilean These figurthat one‐ti Consolidat Our net opColombia ibeing consChile’s ope Consolidat Our net inmillion for increase inacquisition The increaspositive vainterest inctrailing netDecember

Colombia) thatander Colombe (used for cov

usted results fon of Banco San13. The adjuste

n millions of Chilean

t income

d commission inco

ating income

ing profit before l

or loan losses (1)

ing profit

expenses

ating expenses

ncome m investments in o

fore taxes

expense

e

atio

Provision for Contin

f Adjusted Netn operation ge

res show that me expenses h

ted Net Operat

perating incomncreased reveolidated. In faerations.

ted Net interes

terest incomethe same per

n net interest in in August 201

se in our interariation in the come divided t interest mar31, 2013. It i

at was not finabia acquisition verage of the t

or 4Q 2013 alltander Colomed 4Q 2013 res

n pesos)

Co

1

me

oan losses 2

(

2

(1

(

other

(

ngent loans.

t Income it is onerated Ch$55

greater businehave impacted

ting Profits bef

me increased benue generatioct, Ch$24,369

st income

e was Ch$147,riod in 2012 anincome was pr13.

est income waUF of 0.946%by average ingin trend is als important to

anced with equand in the acqax effects of th

ow the separabia (today Bansults presents i

4Q 20

nsolida‐ted C

147,621 76,

39,348 24,

25,414 7,

29,984 26,

242,367 134,

25,540) (10,3

216,827 124,

17,968) (53,2

10,426) (5,9

88,433 64,

210

88,643 64,

28,896) (18,1

59,747 46,

54.4% 42

observed that 5,287 million.

ess diversificat CorpBanca Co

fore Loan Loss

by Ch$62,094 mon, highlightingmillion of the

621 million innd an increaserimarily the re

as higher than % vs. 1.105% interest‐earninglso positive, ino mention tha

uity; (ii) amortquisition of Helhe total investm

ation of the Chnco CorpBancain our opinion

013

Chile Colombia

,490 71,131

,345 15,003

,048 18,366

,578 3,406

,461 107,906

324) (15,216)

,137 92,690

266) (64,702)

934) (4,492)

,937 23,496

22 188

,959 23,684

187) (10,709)

,772 12,975

2.9% 69.8%

the operation

tion in Chile haolombia after t

ses

million QoQ eqg the completiincrease is exp

n 4Q 2013, an e of 6.7% QoQesult of the inc

the increase inn 4Q 2013 ang assets) increncreasing fromat during the

ization of the lm Bank; and (ment in Colom

hilean results fa Colombia) onan unbiased re

a Adjust‐ments

1 5,158

3

6 (5,933)

6

6

)

0

) 2,214

) 21

6

8

4 1,460

) 7,055

5 8,515

%

n in Colombia g

as generated athe acquisition

quivalent to 34ion of the firstplained by Hel

increase of 6Q in comparisocorporation of

n our total intend 2012, respeased from 3.0

m 2.1% as of Dlast quarter o

intangible asse(iii) impacts in mbia).

from any impan May 2012 anesult achieved

4Q 2013 Adjus

Chile Co

81,648

24,345

1,115

26,578

133,686 1

(10,324) (1

123,362

(51,052) (6

(5,913)

66,397

22

66,419

(11,132) (1

55,287

41.4%

generated Ch$

an increasing r of Helm Bank

4.4% growth rt full quarter olm Bank and C

68.0% as compon to 3Q 2013f Helm Bank’s

erest‐earning aectively. Net i07% to 4.09%.December 31, of 2013 the Ce


ets generated connection wit

act related witnd of Helm Ba in Chile:

sted Change

olombia 4Q13/4

Chi

65,973 3

15,003 2

24,299 ‐9

3,406 1,26

108,681 3

15,216) 14

93,465 3

66,916) 1

(4,513) 10

22,036 4

188 ‐7

22,224 4

17,764) ‐3

4,460 8

71.6%

$4,460 million

revenue stream.

rate. Both Chilof Helm’s opeCh$15,421 milli

pared to Ch$83. The YoY andresults followi

assets reflectinnterest margin On twelve m2012 to 3.0%entral Bank of

lease 2014 9 / 25

in the th the

th the ank on

e (%)

4Q12le

35.1%

29.9%

92.9%

63.0%

37.9%

43.3%

33.1%

17.6%

04.7%

43.1%

73.5%

42.9%

31.5%

82.8%

while

m and

le and ration ion by

87,871 d QoQ ing its

ng the n (net

months as of f Chile

started a rerates and i(2.053% ve Consolidat

(Expresse

Banking s

Securitie

Mutual f

Insuranc

Financial

Legal adv

Net fee a

(*) Includ

Our net seCh$27,763Bank; (ii) tincrease in Consolidat

(Expresse

Trading a

Tradin

Tradin

Other

Net in

Foreig

Net treas

Net tradinCh$7,151 m

(i)

(ii)

(iii)

eduction of its its effects on rersus 2.452%) a

ted Fees and in


services(*)

s brokerage servic

und management

e brokerage

advisory services

visory services

and commission in

des consolidation ad

rvice fee incom million obtainthe increase in fees insurance

ted Trading an


and investment inc

ng investments

ng financial derivat

come from financ

gn exchange profit

sury position

g activities inmillion in Q3. T

an increase

related to s

loans), Chcompensateaccounting,securities;

an increasemillion proffrom tradin

in the case and investmto Repos, th

monetary polresults throughas well as in th

ncome from se

lean pesos)

ces

ncome

djustments.

me for 4Q 201ned in 4Q 201n commissionse brokerage.

nd investment

lean pesos)

come:

tives contracts

cial operations

t (loss), net

creased by CThis increase is

of Ch$7,057 m

sale of loans (C

h$22,482 millioed by Ch$25, and Ch$1,27

e of Ch$4,421 fits from transg derivatives a

of CorpBancament revenueshe fourth quar

icy interest rath the Unidad de fourth quart

ervices

3 was Ch$39,312. The increas from Adviso

h$18,263 mill mainly due to

million in the C

Ch$3,197 millio

on in losses r,570 profits f72 million rev

million in revsaction of tradnd Ch$1,202 m

Colombia, aft the benefits orter generated

te (from 5.0% tde Fomento ver compared t

Qua

4Q13

24,759 2

907

2,490

2,868

7,742

581

39,348 3

348 million, rese was primarry Services re

Qua

4Q13

5,934

27,013

10,667 (

43,614

5,934

(18,200) (

25,414

ion or 255% o:

hilean operatio

on associated

related to tradfrom exchangvenues from

venues from Hding and availmillion profit fr

ter deducting of Ch$8,274 md losses of Ch$

to 4.75% and 4variation were to third quarte

arter

3Q13 4Q

24,214 20,

182

1,405 1,

2,605 2,

2,080 3,

562

31,047 27,

presenting a 4rily the result lated to Chile

arter

3Q13 4Q

4,902 4,

7,168 7,

(2,451) 5,

9,619 16,

4,902 4,

(2,468) 5,

7,151 21,

QoQ to Ch$2

ons explained

to sale of “Cr

ding derivativge rate and Ctransaction of

Helm Bank opable for sale rom exchange

from the Ch$6million recorded$1,489 million,

4.50%). At the lower in 2013

er (0.946% vers

Q12 4Q13/4

,294 2

(42)

,224 10

,521 1

,277 13

489 1

,763 4

41.7% increaseof: (i) the incan Corporate

Q12 4Q13/4

,159 4

,334 26

,017 11

,510 16

,159 4

,347

,857 1

25.414 million

by a Ch$4,897

réditos con Ava

ves (client andCh$5,668 millf trading and

perations comsecurities, Ch$rate; and

6,785 million pd as net intere, most of it ex


same time, inf3 compared tosus 1.043%).

Change (%)

4Q12 4Q13/3Q

22.0% 2.3

‐ 399.0

03.5% 77.3

13.7% 10.1

36.3% 272.3

18.9% 3.5

41.7% 26.7

e when comparcorporation of customers; (ii

Change (%)

4Q12 4Q13/3Q

42.7% 21.1

68.3% 276.9

12.6%

64.2% 353.4

42.7% 21.1

‐ 637.4

16.3% 255.4

for 4Q 2013

7 million of rev

al del Estado”

d non‐client dlion due to hd available fo

posed by Ch$$474 million p

profits from trest revenues rexplained by los

lease 2014 0 / 25

flation o 2012

Q13

3%

0%

3%

1%

3%

5%

7%

red to Helm ii) the

Q13

1%

9%

‐

4%

1%

4%

4%

from

enues

CAE driven) hedge r sale

$2,895 profits

rading elated sses in

A significahedges or a Consolidat

(Expresse

Commer

Resident

Consume

Others

Net prov

(1) Exclud

Expenses fCh$35,487or loans wi Regarding specific coof Ch$8,13since Auguhomogeniz Consolidat

(Expresse

Personne

Administ

Deprecia

Impairme

Operatin

Operating increase inimpacted t Human ResHR expensCorpBancaexplained Cwere offsethe amortintangible (administraincrease of

securities ptrading deri

nt number ofaccounting hed

ted Provisions f


cial, net of loan lo

ial mortgage, net

er, net of loan loss

visions for loan los

des provision for Co

from provision million in 3Q ith SMU risk th

the operation rporate loan p31 million (US$ust 2013; (ii) azation in the tr

ted Operating

ed in millions of Ch

el salaries and exp

trative expenses

ation and amortiza

ent

ng expenses

expenses incrn operating exthe entire fourt

sources expenses, most of it Colombia maCh$3,423 millioet by a reversaization of intaassets amortizative, fixed assf Ch$4,153 mil

ortfolio (tradinvatives compe

f derivatives adges.

for loan losses

lean pesos)

oss recoveries

of loan loss recove

s recoveries

sses

ntingent loans.

s for loan loss2013, due to phat totalled Ch$

in Chile, loan lprovision. Also $15.4 million) Yan increase ineatment of the

expenses

hilean pesos)

penses

ation

reased by Ch$xpenses was pth quarters an

ses increased t explained byaintained its leon of higher sal of Ch$3,911 angible assets zed in CorpBansets depreciatiolion.

ng and availabensate each oth

re client‐drive

s (for Commerc

eries

ses decreased previous quarte$6,000 million

oss provision eprovisions forYoY. Most of tn provisions ine commercial l

$23,125 millioprimarily the rd higher expen

by Ch$5,401 my higher bonusevel of expensalary expensesmillion of sevincrease by ca Colombia don, provisions

le for sale for Cher.

en or derivativ

cial and Retail

Qua

4Q13

(10.315) (2

(1.574)

(13.841) (1

311

(25.419) (3

by 28.4% QoQer higher reserapproximately

expenses increr loan losses ofthis increase rn the consumeloan portfolio.

Qua

4Q13

52,001 4

49,945 3

16,022 1

‐

117,968 9

n QoQ, or 24result of the cnses in CorpBa

million. Of thiss expenses. Inses, the accrus as well as Ch$verance paymeCh$3,999 milldue to Helm Bafor contingenc

Ch$1,338 milli

ves used in o

l loans) (1)

arter

3Q13 4Q

22.417) (4.3

769 2.

14.829) (10.6

990

35.487) (12.6

Q to Ch$25,419rves, particulay).

eased YoY by Cf CorpBanca inresults from: (ier loan portfo

arter

3Q13 4Q

46,600 39,

37,098 30,

11,145 7,

‐

94,843 76,

4.4% from Ch$consolidation onca Chile.

s figure, Ch$4,7n the case ofing of the full$501 million ofents that wereion, being 74ank acquisitioncies and assets

on) since exch

order to either

Q12 4Q13/4

366) 13

.409

662) 2

(1)

620) 10

9 million in 4Qrly for those lo

Ch$6,081 million Colombia regi) the incorporolio; and (iii) a

Q12 4Q13/4

,022 3

,057 6

,031 12

‐

,110 5

$94,843 millioof Helm Bank

791 million cothe Colombial quarter of Hf bonus expense adjusted in th4% of that incn. In addition, Hs in lieu of paym


Page 1

hange rate gain

r achieve econ

Change (%)

4Q12 4Q13/3Q

36,3% ‐54,0

‐

29,8% ‐6,7

‐ ‐68,6

01,4% ‐28,4

Q 2013 comparoans related to

on as a conseqgistered an incration of Helmadjustments fo

Change (%)

4Q12 4Q13/3Q

33.3% 11.6

66.2% 34.6

27.9% 43.8

‐

55.0% 24.4

on in 3Q 2013in 3Q 2013,

rresponds to Cn operations,

Helm Bank expses. Those exphe PPA. In addcrease explainHelm bank expments) explain

lease 2014 1 / 25

ns and

nomic

Q13

0%

‐

7%

6%

4%

red to o SMU

uence crease m Bank or the

Q13

6%

6%

8%

‐

4%

3. The which

Chile’s while

penses penses dition, ed by penses ned an

III) Consoli Consolidat

(Express

Wholesa

Chile

C

F

L

Colom

C

F

L

Retail le

Chile

C

R

Colom

C

R

TOTAL L

Chile

Colom

(1) Contin

Our total lothe acquisibanking) wshifted to sof corporat Our wholeDuring theliquidity an Our retail due to the Consolidat

(Expresse

Trading i

Available

Held‐to‐m

Total Fin

Our investmcorrespondmargins. Tr

idated Assets a

ted Loan portfo


ale lending

Commercial loans

Foreign trade loan

Leasing and Factor

mbia

Commercial loans

Foreign trade loan

Leasing and Factor

nding

Consumer loans

Residential mortga

mbia

Consumer loans

Residential mortga

OANS

mbia

ngent loans under IF

oans increasedition of Helm Bwhich reflects tstrengthen andte loans perfor

esale lending i 3Q 2013 the nd an additiona

lending increaacquisition of

ted Securities P


nvestments

e‐for‐sale investme

maturity investme

nancial Investment

ment portfoliod to fixed incorading instrum

and liabilities

olio (1)

hilean pesos)

s

ring

s

ring

age loans

age loans

FRS are not conside

d by 28.8% or Bank. In Chile, he fact that wed enhance ourrmed during 3Q

ncreased 25.1bank sold Ch$al US$300 milli

sed 39.2% or Helm Bank in C

Portfolio

hilean pesos)

ents

ents

ts

o consists of trame securities

ments are stated

9

5

4

3

3

3

2

1

13

7

5

ered part of the Loa

Ch$2,925 billiowe have slowe consider ourr business relatQ and 4Q 2013

% or Ch$1,88$484.7 billion ion in 4Q 2013

Ch$1,037.4 biColombia.

1

ading, availableacquired to ged at fair value.

As of the three

Dec‐13

9,401,622 9,4

5,844,610 6,0

4,979,727 5,1

459,074 5

405,809 3

3,557,012 3,4

3,060,167 2,9

‐

496,845 4

3,684,043 3,4

2,064,003 1,9

522,513 4

1,541,490 1,4

1,620,040 1,5

1,157,227 1,0

462,813 4

3,085,665 12,9

7,908,613 8,0

5,177,052 4,9

an portfolio.

on YoY from Cwed the growthr presence in Ctionship with o3.

7.7 billion YoY(US$961 millio.

llion YoY and

As of the three

Dec‐13 S

431,683 45

889,087 66

237,522 20

1,558,292 1,32

e‐for‐sale and enerate gains f

e months ended

Sep‐13 De

454,372 7,513,

036,036 6,418,

131,859 5,564

514,409 424

389,768 428

418,336 1,095,

947,104 1,095

‐

471,232

496,260 2,646,

978,081 1,858,

498,581 476

479,500 1,382

518,179 787,

089,498 633

428,681 154

950,632 10,160,

014,117 8,277

936,515 1,883

Ch$10,161 billih rate in our loChile strong enour clients to i

Y and decreason) in corporat

increased 5.4%

e months ended

Sep‐13 Dec

56,334 159,

64,823 1,112,

05,790 104,

26,947 1,377,

held‐to‐maturfrom short‐ter

ec‐12 Dec‐13/

,969 2

,447 ‐

,788 ‐1

,824

,835 ‐

,522 22

,441 17

‐

81

,629 3

,717 1

,275

,442 1

,912 10

,457 8

,455 19

,598 2

,164 ‐

,434 17

ion to Ch$13,0oan portfolio (ough such thaimprove profit

sed 0.6% or Cte loans in Ch

% or Ch$187.8

c‐12 Dec‐13/

,898 17

,435 ‐2

,977 12

,310 1

rity securities. Trm price fluctu


Change (%)

/Dec‐12 Dec13/Sep

5.1% ‐0.6

‐8.9% ‐3.2

10.5% ‐3.0

8.1% ‐10.8

‐5.4% 4.1

4.7% 4.1

79.4% 3.8

‐

‐ 5.4

9.2% 5.4

1.0% 4.3

9.7% 4.8

11.5% 4.2

05.6% 6.7

82.7% 6.2

99.6% 8.0

8.8% 1.0

‐4.5% ‐1.3

74.9% 4.9

086 billion refle(primarily whot our prioritiestability, and th

h$52.8 billion ile to strength

8 billion QoQ m

Change (%)

/Dec‐12 Dec‐13/Se

70.0% ‐5.4

20.1% 33.7

26.3% 15.4

13.1% 17.4

Trading instrumations or brok

lease 2014 2 / 25

p‐13

6%

2%

0%

8%

1%

1%

8%

‐

4%

4%

3%

8%

2%

7%

2%

0%

0%

3%

9%

ecting olesale s have e sale

QoQ. hen its

mainly

ep‐13

4%

7%

4%

4%

ments kerage

Investmentfor‐sale. Wconsideredcosts. Instrmarket pricharged or Our total fCh$231.3 bresult of th Consolidat

(Expresse

Demand

Time dep

Investme

Mortgag

Bonds

Subordin

Interban

Foreign b

Our currenour genera On August outstandinaggregate BA to BC), an aggregafrom 20 to program, toutstandinobjective oprovides fothe local b(Ch$403,36Chilean maoutstandinthe aggreg On Novem2013, the R At the endEuropean emarkets, inassets (maGovernmeand deposamount of

t instruments We currently had available‐for‐ruments availaces or based or credited to eq

financial investbillion QoQ. Thhe incorporatio

ted Funding str


deposits

posits and saving a

ents sold under re

e finance bonds

nated bonds

k borrowings

borrowings

nt funding straal asset and liab

1, 2010, we ig. Under the amount of UFwith a maturitate amount of 35 years and athe amortizatig senior and sof the local boor diverse alterbond program64). In additionarket in the agg senior bondate amount of

mber 3, 2010, wReg S notes hav

d of 2011, globeconomies. Liqncluding in Chiainly consistingnt) of Ch$1,07its in banks inCh$174,612.0

are classified ve a small por‐sale. Investmeable‐for‐sale aon valuation mquity accounts

tments portfolhe YoY increaseon of Helm Ban

rategy

hilean pesos)

accounts

purchase agreeme

tegy is to use bility managem

mplemented alocal bond pro100 million, wty ranging fromUF50 million, wan interest rateon of capital ubordinated bond program rnatives of plam, in 2010, wen, on October ggregate amouds in the aggref Ch$752.5 billi

we issued US$ve been paid o

bal financial mquidity was coile. Despite sug of securities74,743 million.n the amount million.

in two categortfolio of held‐tent instrument each subseq

models. Unreal.

lio decreased e reflects a 170nk.

3

7

ents

1

1

all sources ofment strategy.

a local bond pogram, we arehich can be di

m 3 to 30 yearswhich can be de of 4%. For alwill be made

bonds is due atis to structurecements in orde issued bond29, 2012 and unt of UF6.6 megate amount on.

$178.1 million off.

arkets faced aonstrained andch circumstans issued by th In addition, aof Ch$571.9 b

ries: held‐to‐mto‐maturity invts are initially quent period‐eized gains or l

by 13.1% or C0.0% raise in o

As of the three

Sep‐13 J

3,451,383 3,30

7,337,703 7,33

342,445 35

118,489 12

1,521,952 1,56

774,116 75

16,807 1

1,273,840 1,26

f funding in ac

rogram for a m able to issue vided into 28 s and an interedivided into 16l the series of in full at mat maturity and e the future ider to manageds in the ChilOctober 31, 2million (Ch$14of Ch$1,413.2

in Reg S note

a complex scend risk premiumces, as of Marhe Central Banas of March 31billion to satis

maturity investvestments. All recognized at

end are valuedosses arising f

Ch$181.0 billioour trading inv

e months ended

Jun‐13 Sep

02,652 1,112,

35,835 7,682,

50,489 257,

26,872 147,

64,380 1,044,

57,378 694,

16,243 18,

62,484 969,

ccordance with

maximum amotwo types of series of seniost rate of 3%, 6 series (from Bbonds that couaturity. The printerest relatiissuances of de efficiently its ean market in2012, we issued49,779 million)2billion and ou

es in the intern

nario in terms ms reached yerch 31, 2013, wnk of Chile an1, 2013, we msfy our wholes

tments and insother investmt cost, which id at their fair from changes

on YoY and incvestments, whi

p‐12 13/Se

,675 21

,675 ‐

,721 3

,688 ‐1

,124 4

,792 1

,120 ‐

,521 3

h their costs, t

ount of UF150bonds: (i) senor bonds (fromand (ii) subordBD to BS), withuld be issued urincipal owed ing thereto is ddebt of CorpBoutstanding inn the amountd subordinate. As of Marchutstanding sub

national mark

of liquidity duearly highs in pwe maintainednd Treasury Baintained suffsale short‐term


struments avaiment instrumenincludes transavalue accordin the fair valu

creased by 17.ich are primari

Change (%)

Sep‐ep‐12

Se13/Jun‐

10.2% 4.5

‐4.5% 0.0

32.9% ‐2.3

19.8% ‐6.6

45.8% ‐2.7

11.4% 2.2

‐7.2% 3.5

31.4% 0.9

their availabilit

million at anynior bonds, up m AB to AZ anddinated bonds,h a maturity raunder the localin connectiondue bi‐annuallyanca in a wayndebtedness. Ut of UF18.8 md bonds in the 31, 2013, webordinated bon

et. As of Marc

ue to uncertaipractically all gd a reserve in onds of Colomficient levels ofm obligations

lease 2014 3 / 25

ilable‐nts are action ing to ue are

4% or ily the

ep‐‐12

5%

0%

3%

6%

7%

2%

5%

9%

ty and

y time to an

d from up to anging l bond n with y. The y that Under million e local e have nds in

ch 31,

nty in global liquid mbia’s f cash in the

On July 24term loan Fargo Secu During 20strengthenas a sourcJanuary 16CorpBancawith our clto be less increase on Consolidat As of Decebillion and shares durCh$2,467.62013. (i) On Janu10,680,200outside of connectionmember oCorpBancade Inversiocapital in tconnectioncommon sh The recentin the equi IV) Other R CorpBancaOn Januaryminority shrights), its s CorpBancaTransactionColombia,

1 Shareholder

4, 2012, we hafacility with S

urities, LLC, as l

13 CorpBancan its ability to re of funds. Th6, 2013, the b has been groients and imprdependent onn our cost of fu

ted Shareholde

ember 31, 201US$2,681.1 biring 1Q 2013,6 billion and US

ary 18, 2013, w0,621 commonChile; (ii) on F

n with the inveof the World B, or the IFC Invones Saga Ltdahe aggregate an with the authares.

t acquisition ofty base during

Related Inform

a Colombia cony 23, 2014, Corhareholders of stake in Helm

a Agrees to Men results in a Peru, and Cent

rs’ equity = Equity

ave entered intStandard Chartead arrangers

a deepened itreact to fundinhus, taking adbank issued wing at a slowrove our profitn institutional unding during 3

ers’ Equity

3, CorpBanca illion as of Dec we have 340S$4,687.6 billio

we raised capin shares, includFebruary 7, 20estment by ceBank Group, avestment, pursa., and CorpGramount of Ch$thorization by

f Helm Bank in the third quar

mation

ncludes tenderrpBanca ColomHelm Bank whBank’s owners

erge with Itaú leading bank

tral America

excluding net inco

to a US$174.4tered Bank, asand book‐runn

ts strategic obng liquidity riskvantage of thUS$800 millio

wer pace than ability, this issinvestors. Th3Q 2013.

was the fourtcember 31, 200,358,194.2 thon (based on a

ital in the aggrding common s013, we raisedertain investmeand IFC Asset suant to an invroup Inversion$120,927.7 miy the Board of

n Colombia detrter 2013.

r offer process mbia announceho held Helm Bship increased

in Chile and toking platform

ome and provision

4 million amens administrativners, and Com

bjective of divk events and loe process of ion aggregate in previous peuance has allois strategy allo

h largest priva13). After a cahousand sharea share price o

regate amountshares in the fod capital in theent funds of tManagement

vestment agreees Bancarias Lllion during a f Directors on

termined an e

to minority shd that after coBank preferredfrom 87.4% to

o Combine Busfor future exp

s for mandatory d

nded and restave agent, HSB

mmerzbank Akt

versifying its ower market rissuing shares principal amoeriods in orderwed us to reduowed the ban

ate bank in Chpital increase es outstandingf Ch$7.250 pe

t of Ch$66,751orm of ADSs, ine aggregate amhe Internationt Company toement with CoLtda.; and (iii)preemptive rign November 2

equity revaluat

hareholders ofoncluding the ted stock (preferro 99.4%.

sinesses in Colopansion in La

dividends.

ated senior unC Securities (Uiengesellschaf

sources of fuelevance of in on the internount of 3.125%r to enhance buce deposits ank to partly of

hile, based on totalling 47,00g and a marksos per share)

1.2 million thron the United Stmount of Ch$1nal Finance Co acquire a 5%orpGroup, Comon February 1ghts offering u27, 2012 to iss

tion, reflected

f Helm Bank ender offer prred dividend w

ombia: tin America, s


nsecured syndiUSA) Inc. and ft, as lead arran

unding, in ordstitutional invenational marke% Senior Notebusiness relationd at the sameffset the temp

equity1 (Ch$1,00,000,000 comket capitalizati as of Decemb

ough the issuantates and elsew106,361.9 millorporation, or % equity intermpañía Inmobil14, 2013, we under Chilean sue 47,000,00

in an 8.2% inc

ocess to the with no voting

specifically in

lease 2014 4 / 25

icated Wells nger.

der to estors et, on es. As onship e time porary

,411.3 mmon ion of ber 31,

nce of where ion in IFC, a est in iaria y raised law in 00,000

crease

Chile,

On Januarythey entereThe transaUnibanco abanking pla Following tChilean Bashareholdeamong oth This transaStates regu If approvedCorpBancaItaú Unibanrequired apfollowing t CorpBancaof Banco Itstake of thacquire and Key corporDirectors adirectors adirectors. Cappoint Mr The Chief ECEO of ItaúFernando MmanagemeManageme As a result

‐ Comb

‐ Greatfrom

‐ Oppo

‐ Ability

‐ Comb

‐ Susta

The transastructures;systems; (i The new Chbillion in lo

y 29, 2014, Cored into a definction will creatand CorpBancaatform.

the closing of tnk with a 33.58ers’ agreementhers. The new C

action is subjeculators and also

d, CorpBanca’s and Itaú Chilenco will make approvals by thehe receipt of a

will be the suaú Chile in exce Chilean Bankd control 100%

rate governancand senior mannd 2 alternateCorpGroup wilr. Jorge Andrés

Executive Officú Chile, is expeMassú, currentent members went and Talent

of the partner

bined franchise

ter market shaCorpBanca Co

rtunity to part

y to leverage It

bined entity ha

inable dividen

ction enables t (ii) savings dev) the improve

hilean Bank is oans and US$27

rpBanca, CorpGitive agreemente a new Chileaa will combine

the transaction8% ownership t to determine Chilean Bank w

ct to regulatoryo subject to Ba

s current sharee while Itaú Una US$652 millie end of the foall required reg

rviving entity. change for 172k immediately % of Itaú Colom

ce terms to be nagement teamdirectors, whil be entitled tos Saieh to serve

er of the new cted to be appt CEO of CorpBwill be appointCommittee.

rship, the new

e will have a gr

re in Chile by glombia and He

tner with a pre

taú Unibanco´s

s the potentia

d flow support

the creation ofrived from enhement in cost o

expected to be7 billion in dep

Group (CorpBant to merge Coan Bank that wtheir banking

n, Itaú Unibancinterest. Additaspects relate

will control Cor

y approvals froanco Itaú Chile

eholders will owibanco will owon equity infusourth quarter ogulatory approv

Under the mer,048MM newlfollowing the cmbia.

included in thems. The Board oile the Board oo appoint the Ce as Chairman

Chilean Bank wpointed as CEOBanca, will becoed by the Boar

Chilean Bank w

eater scale and

gross loans witelm Bank);

mier Latin Am

s strong global

l to generate s

ted by greater

f additional synhanced branchof funding; and

e the fourth larposits. With thi

anca´s holding corpBanca and Bwill operate undbusinesses in C

co will be the ctionally, at closed to corporatepBanca´s and I

om the Brazilian’s and CorpBan

wn 66.42% of twn the remaininsion into Itaú Cof 2014. CorpBvals.

rger agreemeny issued shareclosing. Follow

e shareholdersof Directors ofof Directors of tChairman of thof the new Bo

will be appointO of the new Chome a memberd of Directors

will enjoy seve

d resources to

h approximate

erican franchis

l client relation

significant syne

scale and earn

nergies through network; (iii)d (v) the ability

rgest private bis greater scale

company) andBanco Itaú Chider the Itaú naChile and Colom

controlling sharsing, Itaú Unibe governance, Itaú Unibanco´

n, Colombian, nca’s sharehol

the bank resultng 33.58%. PrioChile. ManagemBanca anticipat

nt, Itaú Unibans in CorpBanca

wing the closing

s’ agreement af the new Chilethe Colombiane Board of direoard of Directo

ted by Itaú Unihilean Bank effr of the new B following reco

eral benefits, in

compete mor

ely 12.4% mark

se;

nships;

ergies in Chile;

nings capability

gh: (i) synergiesrelevant saviny to further leve

bank in Chile we, the institutio

d Itaú Unibancole in a stock‐foame. Through mbia to create

reholder of thebanco and Corptransfer of sha´s Colombian s

Chilean, Panamders’ approval

ting from the mor to the closinment expects tte that closing

nco will exchana, representingg, the new Chil

are related to tean Bank will bn bank will be cectors. CorpGrors in Chile as o

banco. Mr. Bofective as of thBoard of Directoommendation

ncluding:

re effectively;

ket share (excl

and

y of the combi

s related to opgs derived fromerage Tier I Ca

ith US$43 billioon will be able


o announce thaor‐stock transathis merger, It

e an Andean

e new merged pGroup will sigares and liquidsubsidiaries.

manian and Unl.

merger of ng of the mergto receive all will occur sho

ge all of the shg a 33.58% direlean Bank will

the Board of be comprised ocomprised of 9roup expects toof the closing.

ris Buvinic, curhe closing. Mr. ors. Other senof the

uding gross loa

ned enterprise

timization of cm scalable IT pital.

on in assets, Uto exploit vari

lease 2014 5 / 25

at ction. taú

n a ity

nited

ger,

rtly

hares ect

of 11 9 o

rrent

ior

ans

e.

cost

S$33 ous

cross‐sellinstrengthenmerger. As a result as well as a About ItaúItaú Unibanwith a univoutside Bratrack recor Banco Itaú Chilean submarket sharetail bankin the highstrengthen72 ATMs. V) Owners Ownership As of DeceMr. Alvaro

ng opportunitiened by the US$

of this mergera more extensi

ú Unibanco nco is the largeversal product azil includes bard of delivering

Unibanco entebsidiary is the are by loans aning, commerci‐income segmened its presenc

hip structure a

p structure

ember 31, 2013Saieh and his

Sto

To

IFC

Sie

Ot

To

* Sl

** I

es and access f652 million ca

r, customers ove branch netw

est private banoffering and manking operatiog consistently s

ered the Chilealargest outsidend 6th largest byal banking, gloent (ABC1). In e in the high‐in

and share perf

3, CorpBanca wfamily:

ock Holder

Corp Group Ban

Cía. Inmob. y de

Cía. de Seguros

Cía. de Seguros

Other investme

otal Saieh Group

C

erra Nevada Inves

thers

ADRs holders an

AFPs (Administr

Securities Broke

Insurance Comp

Other minority

otal

Since November 2longer controlled b

Includes Moneda's

funding at lowepital increase t

f all entities inwork (217 bran

nk in Latin Amemarket‐leading ons in Argentinstrong financia

an market withe of Brazil. In Cy total depositobal corporate 2011, Itaú Chincome segmen

formance

was controlled

nking S.A.

e Inversiones Saga

CorpVida S.A.

CorpSeguros S.A.

ent companies

stment Chile Dos L

nd Foreign investo

radoras de Fondos

erage

panies*

shareholders**

2013, includes Coby the Saieh Group

s funds with a tota

er cost. Capitathat Itaú Uniba

volved will havnches in Chile a

erica and one opresence in Brna, Chile, Coloml results and o

h the acquisitiohile, Itaú is thets with also a 4banking, and tle acquired HSnt. Its distribut

d by Corp Grou

a S.A.

Ltda. (Santo Domi

ors

s de Pensiones)

orpVida and Corpp.

al of 3.41% owners

l soundness ofanco will inject

ve access to a and 172 branc

of the largest brazil. Itaú Unibmbia, Paraguayutstanding RO

on of BankBoste 7th largest pr4.9% market shtreasury busineSBC’s premiumtion network is

up Banking S.A

S

ingo Group)

pSeguros (3.02%)

ship.

f the new bankt into Itaú Chile

greater array ches in Colomb

banks in the wobanco’s Latin Ay and Uruguay

OEs.

ton’s operatioivately owned hare. Banco Itaesses and has banking operas comprised of

A. and other co

% of Total Share Capital

45.2593%

5.4640%

‐

‐

0.6526%

51.3760%

5.0000%

2.8843%

40.7397%

16.2116

1.5237%

8.7821%

4.1109%

10.1115%

100.0000%

which are no


k will be e prior to the

of product offbia).

orld by marketAmerican footpy. The entity ha

ns in 2007. Its bank with a 4.ú Chile operata leading presations in Chile f 94 branches a

ompanies relat

lease 2014 6 / 25

erings

t cap print as a

.9% es in ence and and

ted to

ADR price e

26/12/2008

26/02/2009

CorpBa(Base 100

evolution and

26/04/2009

26/06/2009

26/08/2009

26/10/2009

26/12/2009

anca ADR= 12/26/2008)

local share pr

12/31/2

Maximu

Minimum

10/30/2

Maximu

Minimum

6.6

Sa

Average

//

26/02/2010

26/04/2010

26/06/2010

26/08/2010

26/10/2010

rice evolution

013

m (LTM)

m (LTM)

Loc

013

m (LTM)

m (LTM)

64

ntiago

daily traded volu

(

26/10/2010

26/12/2010

26/02/2011

26/04/2011

26/06/2011

ADR Price

U

U

U

cal Share Price

1.15

NY

umes 12 months 2013

(US$ millions)

26/08/2011

26/10/2011

26/12/2011

26/02/2012

26/04/2012

US$21.15

US$22.19

US$13.75

Ch$7.250

Ch$7.47

Ch$4.73

7.79

Total

ended Decembe

//

26/06/2012

26/08/2012

26/10/2012

26/12/2012

26/02/2013

er 31,

26/02/2013

26/04/2013

26/06/2013

26/08/2013

26/10/2013

BC


330.7826/12/2013

CA

lease 2014 7 / 25

Dividends The follow

VI) Credit r Internation On a globStandard &

26/12/2008

CorpB(Base 1

ing table show

Charged toFiscal Year

2008

2009

2010

2011

2012

risk ratings

nal credit risk r

al scale, the b& Poor´s Rating

26/02/2009

26/04/2009

26/06/2009

26/08/2009

26/10/2009

Banca vs IPSA100 = 12/26/2008)

Market

P/E (LTM

P/BV (12

Dividend

* Based oannoun

ws dividends pe

o r

Year paid

2009

2010

2011

2012

2013

ratings

bank is rated gs Services (S&

26/10/2009

26/12/2009

26/02/2010

26/04/2010

26/06/2010

//

A Index)

capitalization

M)

2/30/2013)

d yield*

on closing price onced.

er share distrib

d Net Incom(Ch$mn

56,310

85,109

119,043

122,849

120,080

by two worldP).

26/08/2010

26/10/2010

26/12/2010

26/02/2011

26/04/2011

US$4

on the day the div

uted during th

me )

% Distribu

0 100%

9 100%

3 100%

9 100%

0 50%

d‐wide recogn

26/06/2011

26/08/2011

26/10/2011

26/12/2011

26/02/2012

4,688 million

15.91

1.44

2.5%

vidend payment w

he past five yea

uted DistribuIncom(Ch$m

% 56,31

% 85,10

% 119,04

% 122,84

60,04

nized agencies

26/02/2012

26/04/2012

26/06/2012

26/08/2012

26/10/2012

was

ars:

uted me mn)

Pesos pe(Ch$ of

yea

10 0.2545

09 0.37508

43 0.5246

49 0.49069

40 0.17640

s: Moody´s Inv

26/12/2012

26/02/2013

26/04/2013

26/06/2013

26/08/2013

CORPB

IPSA


er Share f each ar)

25860

82130

28030

94036

02388

vestors Servic

237.10

157.66

26/10/2013

26/12/2013

BANCA

lease 2014 8 / 25

e and

On January'review for'review foron CorpBan

On Januarymerger agrratings of Cand the namay receiv

Local Credi On a natioCredit Rati On Januarannouncemsuccessful both local a

On Februa'Nivel 1+' ooutlook to to regulato

y 31, 2014, Mr downgrade', r upgrade', Monca’s funding f

y 30, 2014, Stareement with ICorpBanca andature and strenve.

it risk ratings

nal scale, the ng Chile (ICR) a

ry 30, 2014, Fment. The Outin the integratand regional, a

ry 4, 2014, ICRon short term'Developing' fory and shareh

oody´s Investoon the long anoody’s noted thflexibility, marg

Moody´s

Long‐term foreShort‐term ffoBank financial Outlook

andard & PooItaú Chile. The d S&P’s assessngth of extern

Standard & Po

Long‐term issuShort‐term issuCreditWatch

bank is rated and by Humph

Feller Rate afflook was conftion process anand (ii) significa

Feller Rate

Long‐term issuSenior unsecurSubordinated bShort‐term issuShares Outlook

R affirmed Corm deposits androm 'Negativeolders’ approv

ICR


ors Service chand short term he benefits a cgins, and capit

eign currency deporeign currency destrength

r´s Ratings Sercreditwatch dsment of Itaú‐al support (eit

oor´s

uer credit rating uer credit rating

by Feller Rate reys.

firmed the rairmed in 'Stabnd that the newant synergies i

uer credit rating red bondsbondsuer credit rating

pBanca’s 'AA' d 'Primera Clas' reflecting thaval.


anged the ratinratings of Corpchange of contal.

osits posits

rvices placed Cdeveloping listiCorpBanca’s cther from gove

–a Strategic A

tings on Corple' reflecting Fw bank will ben the medium

ratings on lonse Nivel 1' ratat the merger b

ng review direpBanca. On plarol with respe

Rating

Baa3Prime‐3

D+Review for up

CorpBanca 'BBng reflect the capital, busineernment or gr

Rating

BBBA‐2

Developi

Affiliate of Sta

pBanca on meFeller Rate’s asnefit from (i) aterm.

Rating

AA AAAA‐

Nivel 1+1ª Clase Niv

Stable

g term debt, 'ting on sharesbetween CorpB

Rating

AA AAAA‐

Nivel 1+1ª Clase NivDevelopi

ection to 'possacing the ratinct to the merg

g

3

pgrade

BB/A‐2' on 'Wapotential impaess position, furoup support) t

g

ng

ndard & Poor´

erger agreemessessment thata strengthen co

g

+vel 1

AA‐' rating on s. At the sameBanca and Itaú

g

+vel 1ng


sible upgrade',ngs of CorpBanged bank could

atch Developinact of merger ounding and liquthat this new

´s–, by Interna

ent with Itaú t both banks wompetitive pos

subordinatede time changeú Chile is still su

lease 2014 9 / 25

, from nca on d have

ng' on on the uidity, entity

ational

Chile will be sition,

debt, ed the ubject

In August 2term depo'Developin

21, 2013, Humosit and in 'A+'g' on merger a

mphreys affirme long term suannouncement

Humphreys


ed in 'AA‐' lonbordinated det between Corp


g term deposiebt. At the sampBanca and Ita

t and senior ume time changaú Chile.

Rating

AA‐ AA‐A+

Nivel 1+1ª Clase Niv

Positive

unsecured debged the outloo

g

+vel 1e


t, in 'Nivel 1+'ok to 'Positive'

lease 2014 0 / 25

short ' from

VII) Quarte

Interest incom

Interest expe

Net interest i

Fee and comm

Fee and comm

Net fee and c

Net income fr

Foreign excha

Total financia

Other operati

Net operating

Provision for

Net operating

Personnel sal

Administrativ

Depreciation

Impairment

Operating ex

Other operati

Total operatin

Operating inc

Income from

Income befor

Income tax ex

Net income fr

Net income fr

Net income a

Minority inter

Net income a

(1) Includes

erly Consolidat

me

nse

ncome

mission income

mission expense

commission incom

rom financial oper

ange profit (loss), n

al transactions, ne

ing income

g profit before loa

loan losses (1)

g profit

aries and expense

ve expenses

and amortization

penses

ing expenses

ng expenses

come

investments in oth

re taxes

xpense

rom ordinary activ

rom discontinued

attributable to:

rest

attributable to sha

s Provision for Conti

ted Income Sta

me

rations

net

et

an losses

es

her companies

vities

operations

areholders

ingent loans and ne

atements (una

Dec‐13

US$ths

574,871

(294,442)

280,430

90,126

(15,378)

74,748

82,852

(34,574)

48,278

56,959

460,415

(48,517)

411,898

(98,784)

(94,879)

(30,436)

‐

(224,099)

(19,806)

(243,905)

167,993

399

168,392

(54,893)

113,499

‐

(10,190)

103,309

et of loan loss recov

audited)

For the three mo

Dec‐13

302,618

(154,997)

147,621

47,443

(8,095)

39,348

43,614

(18,200)

25,414

29,984

242,367

(25,540)

216,827

(52,001)

(49,945)

(16,022)

‐

(117,968)

(10,426)

(128,394)

88,433

210

88,643

(28,896)

59,747

‐

(5,364)

54,383

veries.

onths ended

Sep‐13

Ch$mn

296,216

(157,910)

138,306

38,522

(7,475)

31,047

9,619

(2,468)

7,151

3,769

180,273

(34,894)

145,379

(46,600)

(37,098)

(11,145)

‐

(94,843)

(5,418)

(100,261)

45,118

(1)

45,117

(10,987)

34,130

‐

(5,976)

28,154

Dec‐12

251,874

(164,003)

87,871

34,288

(6,525)

27,763

16,510

5,347

21,857

3,106

140,597

(11,328)

129,269

(39,022)

(30,057)

(7,031)

‐

(76,110)

(5,314)

(81,424)

47,845

440

48,285

(10,864)

37,421

‐

(356)

37,065


Page 2

Change (%

Dec13/Dec12 Dec

20.1%

‐5.5%

68.0%

38.4%

24.1%

41.7%

164.2%

‐

16.3%

865.4%

72.4%

125.5%

67.7%

33.3%

66.2%

127.9%

‐

55.0%

96.2%

57.7%

84.8%

‐52.3%

83.6%

166.0%

59.7%

‐

1406.7%

46.7%

lease 2014 1 / 25

%)

13/Sep13

2.2%

‐1.8%

6.7%

23.2%

8.3%

26.7%

353.4%

637.4%

255.4%

695.5%

34.4%

‐26.8%

49.1%

11.6%

34.6%

43.8%

‐

24.4%

92.4%

28.1%

96.0%

‐

96.5%

163.0%

75.1%

‐

‐10.2%

93.2%

VIII) Yearly

Interest

Interest

Net inte

Fee and

Fee and

Net fee

Net inco

Foreign

Total fin

Other o

Net ope

Provisio

Net ope

Personn

Adminis

Depreci

Impairm

Operati

Other o

Total op

Operati

Income compan

Income

Income

Net inco

Net incooperatio

Net inco

MinoritNet incoshareho

(1)

y Consolidate

t income

t expense

erest income

d commission inco

d commission expe

and commission

ome from financia

exchange profit (

nancial transactio

operating income

erating profit befo

on for loan losses

erating profit

nel salaries and ex

strative expenses

ation and amortiz

ment

ing expenses

operating expenses

perating expenses

ing income

from investmentsnies

before taxes

tax expense

ome from ordinar

ome from discontons

ome attributable

y interest ome attributable olders

) Includes Provision

ed Income St

me

ense

income

al operations

loss), net

ons, net

ore loan losses

(1)

penses

zation

s

s in other

ry activities

tinued

to:

to

for Contingent loa

atements (un

YTD

dec‐13

US$ths

1,913,159

(1,043,704)

869,455

275,027

(50,911)

224,116

192,411

(26,417)

165,994

77,651

1,337,216

(192,576)

1,144,640

(313,461)

(265,219)

(80,333)

‐

(659,013)

(47,757)

(706,770)

437,870

2,357

440,227

(121,255)

318,972

‐

(24,348)

294,624

ns and net of loans

naudited)

dec‐13

1,007,106

(549,416) (5

457,690

144,777

(26,800)

117,977

101,287

(13,906)

87,381

40,876

703,924

0,0%

(101,374)

602,550

(165,009) (1

(139,614)

(42,288)

‐

(346,911) (2

(25,140)

(372,051) (2

230,499

1,241

231,740

(63,830)

167,910

‐

(12,817)

155,093

loss recoveries.

For the year ende

YTD

dec‐12 dec

Ch$mn

762,992 528,

506,116) (335,6

256,876 193,

105,178 72,

(19,534) (12,0

85,644 60,

54,994 97,

30,696 (26,7

85,690 70,

18,527 9,

446,737 333,

(50,864) (40,1

395,873 293,

120,714) (76,4

(88,783) (55,1

(18,092) (7,4

‐

227,589) (139,0

(25,649) (9,6

253,238) (148,7

142,635 144,

367

143,002 145,

(22,871) (24,1

120,131 121,

‐

(51) (1,8

120,080 122,

ed

c‐11 dec‐10

,622 387,639

622) (163,229)

,000 224,410

,404 68,453

042) (10,232)

,362 58,221

,745 (9,410)

783) 44,611

,962 35,201

,507 8,832

,831 326,664

182) (51,187)

,649 275,477

461) (71,034)

141) (46,793)

461) (7,117)

‐ (427)

063) (125,371)

667) (12,701)

730) (138,072)

,919 137,405

250 296

,169 137,701

144) (19,635)

,025 118,066

‐ ‐

824) (977)

,849 119,043


Change (%

dec‐13/dec‐1

32.0%

8.6%

78.2%

37.6%

37.2%

37.8%

84.2%

2.0%

120.6%

57.6%

99.3%

52.2%

36.7%

57.3%

133.7%

52.4%

‐2.0%

46.9%

61.6%

238.1%

62.1%

179.1%

39.8%

29.2%

lease 2014 2 / 25

%)

12

%

%

%

%

%

%

%

‐

%

%

%

%

%

%

%

%

‐

%

%

%

%

%

%

%

%

‐

‐

%

IX) Consol

Assets

Cash and depos

Unsettled transa

Trading investm

Available‐for‐sa

Held‐to‐maturit

Investments und

Financial deriva

Interbank loans

Loans and accou

Loan loss allowaLoans and acconet of loan loss

Investments in o

Intangible asset

Property, plant

Current taxes

Deferred taxes

Other assets

Total Assets

Liabilities

Deposits and ot

Unsettled transa

Investments sol

Time deposits a

Financial deriva

Interbank borro

Issued debt inst

Other financial l

Current taxes

Deferred taxes

Provisions

Other liabilities

Total Liabilities

Equity

Capital

Reserves

Valuation adjust

Retained Earnin

Retained earnin

Income for the p

Minus: Provision

Attributable to

Non‐controlling

Total Equity

Total equity and

lidated Balan

its in banks

actions

ments

le investments

ty investments

der resale agreem

tives contracts

, net

unts receivable fro

ances ounts receivable allowances

other companies

ts

and equipment

her demand liabil

actions

d under repurchas

nd other time liab

tives contracts

owings

truments

liabilities

tment

ngs:

ngs or prior period

period

n for mandatory d

bank shareholders

interest

d liabilities

nce Sheet (un

ments

om customers

from customers,

ities

se agreements

bilities

s

dividend

s

audited)

Dec‐13

US$ths

1,730,757

214,196

820,051

1,688,963

451,211

383,095

714,804

414,019

24,858,308

(584,864)

24,273,447

29,378

1,589,867

186,626

‐

176,539

552,189

33,225,142

6,556,454

108,949

650,529

13,939,141

534,912

2,419,863

4,586,837

31,928

85,785

340,926

355,628

352,400

29,963,352

1,484,696

979,499

(44,494)

114,056

294,624

(147,313)

2,681,068

580,722

3,261,790

33,225,142

As of the three m

Dec‐13

911,088

112,755

431,683

889,087

237,522

201,665

376,280

217,944

13,085,662

(307,878)

12,777,785

15,465

836,922

98,242

‐

92,932

290,678

17,490,047

3,451,383

57,352

342,445

7,337,703

281,583

1,273,840

2,414,557

16,807

45,158

179,467

187,206

185,507

15,773,008

781,559

515,618

(23,422)

60,040

155,093

(77,547)

1,411,341

305,698

1,717,039

17,490,047

months ended

Sep‐13

Ch$mn

720,953

262,876

456,334

664,823

205,790

163,676

321,248

668,576

12,950,630 1

(304,048)

12,646,583

12,551

864,608

94,547

‐

65,946

227,254

17,375,764 1

3,302,652

217,760

350,489

7,335,835

224,615

1,262,484

2,448,630

16,243

38,275

190,974

154,473

97,419

15,639,849 1

781,559

515,702

(49,000)

60,040

100,710

(50,355)

1,358,656

377,259

1,735,915

17,375,764 1

Dec‐12

520,228

123,777

159,898

1,112,435

104,977

21,313

268,027

482,371

10,160,597

(166,707)

9,993,891

5,793

481,682

65,086

‐

40,197

148,549

13,528,223

1,112,675

68,883

257,721

7,682,675

193,844

969,521

1,886,604

18,120

9,057

117,753

139,850

75,205

12,531,908

638,234

275,552

(31,881)

‐

120,080

(60,040)

941,945

54,370

996,315

13,528,223


Change (%

Dec‐13/Sep‐12 Dec

75.1%

‐8.9%

170.0%

‐20.1%

126.3%

846.2%

40.4%

‐54.8%

28.8%

84.7%

27.9%

167.0%

73.7%

50.9%

‐

131.2%

95.7%

29.3%

210.2%

‐16.7%

32.9%

‐4.5%

45.3%

31.4%

28.0%

‐7.2%

398.6%

52.4%

33.9%

146.7%

25.9%

22.5%

87.1%

‐26.5%

‐

29.2%

29.2%

49.8%

462.3%

72.3%

29.3%

lease 2014 3 / 25

%)

c‐13/Sep‐13

26.4%

‐57.1%

‐5.4%

33.7%

15.4%

23.2%

17.1%

‐67.4%

1.0%

1.3%

1.0%

23.2%

‐3.2%

3.9%

‐

40.9%

27.9%

0.7%

4.5%

‐73.7%

‐2.3%

0.0%

25.4%

0.9%

‐1.4%

3.5%

18.0%

‐6.0%

21.2%

90.4%

0.9%

0.0%

0.0%

‐52.2%

0.0%

54.0%

54.0%

3.9%

‐19.0%

‐1.1%

0.7%

C

T

B

S

S

A

R

P

PPb

P

P

C

N

C

PNaNtNi

RRe

R

R

R

R

E

O

O

O

MDpDp

D

D

T

P

Q

X) Quarte

Capitalization

TIER I (Core capita

BIS Ratio(4)

Shareholders' equ

Shareholders' equ

Asset quality

Risk Index (Loan lo

Prov. for loan loss

Prov. for loan lossProv. for loan lossbefore loans losse

Prov. for loan loss

PDL / Total loans(5

Coverage PDL´s

NPL / Total loans(6

Coverage NPL´s

Profitability Net interest incomassets

(1)(2) (NIM)

Net operating prototal assets

(1)

Net operating prointerest‐earning a

RoAA (before taxeRoAA (before taxeearning assets

(1)(2)

RoAE (before taxe

RoAA, over Avg. to

RoAA, over Avg. in

RoAE(1)(3)

Efficiency

Operating expense

Operating expense

Operating expense

Market informatioDiluted Earnings pper share) Diluted Earnings pper ADR)

Diluted Earnings p

Diluted Earnings p

Total Shares Outst

Peso exchange rat

Quarterly UF varia

(1) Annualize(2) Interest‐e

rly Consolida

al) Ratio(4)

uity / Total assets

uity / Total liabilitie

oss allowances / T

es / Avg. total loa

es / Avg. total asses / Net operatinges

es / Net income 5)

6)

me / Avg. interest‐

fit before loan los

fit before loan losssets

(1)(2)

es), over Avg. totales), over Avg. inter

es)(1)(3)

otal assets(1)

nterest‐earning as

es / Avg. total asse

es/ Avg. total loan

es / Operating rev

on (period‐end) per share before ta

per ADR before tax

per share (Ch$ per

per ADR (US$ per A

tanding (Thousand

te for US$1.0

ation

ed figures when appearning assets: Tota

(3) Equity: Averag(4) During the sec(5) PDL: Past due(6) NPL: Non‐perf

ated Evolutio

M

es

otal loans )

ns(1)

ets(1)

g profit

2

9

earning

ses / Avg.

ses / Avg.

l assets(1)

rest‐

sets(1)(2)

ets(1)

ns(1)

venues

axes (Ch$

xes (US$

share)

ADR)

ds)(4) 250,35

propriate. al loans and financige equity attributabcond and first quarte loans; all installmeforming loans; full b

n Selected Pe

Mar‐12 Jun‐

8.14% 8.02

12.41% 10.83

6.98% 7.40

7.50% 8.00

1.51% 1.69

0.76% 0.4

0.58% 0.30

15.4% 8.9

57.6% 30.9

0.66% 0.62

230.5% 271.4

1.56% 1.28

99.27% 134.6

2.93% 2.12

3.75% 3.4

4.28% 4.0

1.21% 1.23

1.37% 1.45

18.4% 18.3

1.01% 0.98

1.15% 1.15

14.66% 14.06

1.78% 1.7

2.33% 2.3

47.3% 50.2

0.1103 0.11

0.3384 0.35

0.0941 0.09

0.2886 0.28

58,194.2 293,358,19

488.93 501.

1.07% 0.42

al investments. ble to shareholders ters 2012 and 2101ents that are more tbalance of loans wi

erformance R

As of an

‐12 Sep‐12

2% 8.01%

3% 10.80%

0% 7.44%

0% 8.03%

9% 1.69%

1% 0.73%

0% 0.54%

9% 14.4%

9% 55.5%

2% 0.63%

4% 270.3%

8% 1.35%

1% 128.01%

2% 2.11%

1% 3.75%

1% 4.41%

3% 0.98%

5% 1.15%

3% 14.7%

8% 0.97%

5% 1.14%

6% 13.33%

1% 1.89%

1% 2.56%

2% 50.4%

195 0.1092

578 0.3457

959 0.1068

871 0.3380

94.2 293,358,194.2 2

.07 473.94

2% ‐0.16%

excluding net incom13, respectively, thethan 90 days overdith one installment

Ratios (unaud

nd for the three m

Dec‐12

8.19%

11.05%

7.36%

7.95%

1.64%

0.46%

0.34%

8.1%

30.3%

0.54%

305.2%

1.19%

140.41% 1

3.07%

4.25%

4.92%

1.46%

1.69%

23.3%

1.13%

1.31%

15.95%

2.30%

3.06%

54.1%

0.1646

0.5153

0.1263

0.3955

293,358,194.2 340,35

479.16

1.11%

me and accrual for e bank increased its due. 90 days or more ov

dited)

months ended

Mar‐13 Jun‐

10.63% 10.3

14.76% 14.1

9.56% 9.3

10.57% 10.2

1.69% 1.6

0.82% 0.7

0.62% 0.5

17.1% 12.

70.2% 45.

0.48% 0.4

350.7% 419.

1.16% 1.0

47.85% 161.6

2.83% 3.1

3.62% 4.6

4.20% 5.6

1.05% 1.8

1.22% 2.2

13.8% 20.

0.88% 1.3

1.02% 1.5

10.50% 13.8

1.85% 2.1

2.45% 2.8

51.0% 45.

0.1036 0.18

0.3294 0.54

0.0847 0.12

0.2693 0.37

58,194.2 340,358,19

471.89 507

0.13% ‐0.0

mandatory dividen capital base.

verdue.


‐13 Sep‐13

3% 9.14%

5% 13.10%

3% 9.99%

9% 11.10%

9% 2.35%

8% 1.19%

9% 0.89%

6% 19.4%

4% 102.2%

0% 0.52%

4% 430.7%

7% 1.21%

1% 193.98%

5% 4.28%

7% 4.59%

0% 5.58%

3% 1.15%

0% 1.40%

6% 13.0%

0% 0.87%

6% 1.06%

1% 7.62%

1% 2.42%

0% 3.23%

1% 52.6%

843 0.1326

442 0.3943

284 0.0827

793 0.2461

94.2 340,358,194.2 3

.89 504.22

7% 1.04%

nds.

lease 2014 4 / 25

Dec‐13

9.37%

13.43%

9.82%

10.89%

2.35%

0.78%

0.59%

10.5%

42.7%

0.47%

497.5%

1.12%

213.44%

4.09%

5.56%

6.72%

2.03%

2.46%

23.1%

1.37%

1.66%

13.08%

2.71%

3.62%

48.7%

0.2604

0.7421

0.1598

0.4553

340,358,194.2

526.41

0.94%

CAUTION R

This press identified b"project", language sregarding completionestimates fare a numbstatementsapprovals the mergercould haveconditions assets or csuccessfullyas effectivsynergies ocompany omay sufferor legislativby other econ currentmanagemecurrently ainherent riother forwstatementsplans, objestatementsof this presincluded foforward‐lo CONTACT I

Eugenio GiCFO, CorpBSantiago, CPhone: (56investorrel

Claudia LabManager InSantiago, CPhone: (56claudia.lab

Nicolas BoPresident, New York, Phone: (21nbornozis@

REGARDING FO

release contaby the use of "may", "will", suggesting an benefits of thn of the transfor growth. Thber of risks ands included in threquired for thr, or required e a material adto the closing capital stock ofy integrating tvely and efficieor it may takeor its subsidiarir as a result of ve actions thatconomic, busint beliefs as ent. Although available to it, isks and uncerward‐looking sts as a numberectives, expects. Furthermoress release andorward‐lookingoking stateme

INFORMATION

igogne Banca Chile 62) 2660‐2555 ations@corpba

bbé nvestor RelatioChile 62) 2660‐2699 bbe@corpbanc

rnozis Capital Link USA 2) 661‐7566 @capitallink.co

ORWARD‐LOO

ains forward‐lof words such a"should", "cououtlook. Thes

he proposed msaction, anticipese statementd uncertaintieshis communicahe merger; (2)regulatory appverse effect onof the merger f Itaú Unibanche businesses ently as expec longer than eies may be difff uncertainty sut could adverseness, and/or cwell as assummanagementthey may provrtainties, both tatements will r of important tations and ae, the forward‐d CorpBanca dog statements, nts contained

N:

anca.cl

ons, CorpBanca

ca.cl

om

OKING STATEM

ooking statemeas "anticipateuld", "estimatese forward‐loomerger, integrapated future fts are based ons that could cauation. For exam the companieprovals may dn the combinedmay not be sa

co or CorpBancof the compancted; (6) the expected to acferent from whurrounding theely affect the competitive facmptions madet considers thve to be incorrgeneral and snot be achievfactors could nticipations, e‐looking statemoes not undertwhether as ain this press re

a

MENTS

ents. Forward", "believe", "e", "predict" ooking statemenation plans anfinancial and n the current exuse actual resumple, (1) the ces may be unaelay the mergd company or catisfied; (4) an ca could interfnies, which macombined comchieve those syhat the compane merger; (9) tcompanies; anctors. Forwarde by and infhese assumptirect. By their vspecific, and rived. We cautiocause the actestimates and ments containetake any oblig result of newelease are expr

d‐looking infor"expect", "planor similar wordnts include, bund expected soperating pexpectations ofults to differ mcompanies mayable to obtain ger or result in cause the compunsolicited offfere with the may result in the mpany may bynergies; (7) thnies expect; (8the industry md (10) the comd‐looking statemformation curions to be revery nature, foisks that predion readers not tual results to d intentions exed in this pressgation to updaw information,ressly qualified

rmation is often", "intend", "ds suggesting ut are not limsynergies, the erformance anf CorpBanca’s materially from y be unable toregulatory app the impositiopanies to abanfer of another merger; (5) procombined come unable to ahe credit ratin8) the businessay be subject

mpanies may bements and infrrently availabeasonable basorward‐lookingictions, forecato place undudiffer materiaxpressed in sus release are mate publicly or , future eventsd by this caution


en, but not al"forecast", "tafuture outcom

mited to, statemexpected timi

nd results, inclmanagement. the forward‐loo obtain sharehprovals requiren of conditionndon the mergcompany to acoblems may armpany not opeachieve cost‐cngs of the comes of the compto future regue adversely affformation are ble to CorpBased on informg statements inasts, projectionue reliance on ally from the buch forward‐lomade as of theto revise any os or otherwisenary statemen

lease 2014 5 / 25

lways, arget", mes or ments ing of luding There ooking holder ed for s that er; (3) cquire rise in rating utting

mbined panies ulatory fected based anca’s mation nvolve ns and these

beliefs, ooking e date of the e. The nt.

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