27:
729:
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373:) and Financiera Condell, the bank formed Bancondell initiating its presence in the medium – lower income consumer business (massive banking). The defined strategy helped Corpbanca achieve the financial sector's second strongest loan growth over the following seven years and, in addition, reversing the 1999 losses and achieved an adequate
361:
defined a new strategy; restructuring and repositioning its business in order to compete with Chile's leading institutions. To promote growth, the controlling group redefined the Bank's objectives making its target market personal financing and developing products for the middle-income population and
329:
Later, in 1972, the bank purchased Banco de Chillán and, in 1975, Banco de
Valdivia. In November 1975, CORFO sold shares to private businessmen who took control of the bank the following year. After a period of growth, in 1980 Banco de Concepción was redefined as a nationwide bank; it changed its
321:
in 1971, the ownership of the Bank changed and came under the control of CORFO. That same year, Banco de
Concepción acquired the local interests of Banco Francés and Italiano, which provided the institution presence in
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for the first time on
November 1, 2004. As of December 31, 2005, Corpbanca had a nationwide network of 68 branches in Chile, including 28 branches operating under the CorpBanca name, 20 branches operating under the
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313:, drew up the by-laws of Banco de Concepción. The Bank began business on October 6, 1871 and has continued operating uninterrupted until today, which makes it the oldest bank in Chile. Following
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that had existed since the early 1980s. As part of the repositioning strategy the bank's name was changed to
Corpbanca. In 1998, through the acquisition of Corfinsa (consumer loan division of
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and sold its riskier portfolio to the
Central Bank. In late 1995, SONAMI sold the majority of its shareholding in the Bank to a group of investors led by
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In 1986 the
National Mining Corporation (SONAMI) acquired the Bank and took special interest in financing small and medium mining projects, increased its
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name and 20 integrated branches, which operate under both the
Corpbanca and Bancondell names. As of December 31, 2005, the Bank owned and operated 108
532:
516:
780:
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In the first quarter of 1997 the shareholders of Banco
Concepción reached an agreement with the Chilean Central Bank over extinguishing the
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446:(ATMs) in Chile. Itaú CorpBanca's customers have access to over 4,000 ATMs in Chile through its agreement with Redbanc S.A. (Redbanc).
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Subsequently, in
November 2004, Corpbanca took a major step towards internationalization when it completed the process of listing its
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The Bank provides a wide range of both commercial and retail banking services to its customers. In addition, Corpbanca provides
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273:. As of 2023, the bank had 168 branches in Chile and 68 branches in Columbia. Itaú Corpbanca is headquartered in
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In
November 2002, Itaú Corpbanca issued shares in the local market for a total of
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name to Banco Concepción and moved its headquarters from Concepción to Santiago.
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On April 1, 2016, Coprbanca was acquired Brazilian bank
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Companies in the Índice de Precio Selectivo de Acciones
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INFISA (now Corp Group). In 2014 the bank merged with
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Chilean subsidiary of Brazilian banking institution
766:Companies listed on the New York Stock Exchange
761:Companies listed on the Santiago Stock Exchange
430:brokerage services through its subsidiaries.
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8:
384:$ 250 million. The issuance was made in the
19:
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25:
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309:, who would later become President of
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353:Following the Corp Group acquisition
269:that is the subsidiary of Brazilian
362:small and medium-sized companies.
301:In 1871, a group of neighbors from
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1:
781:1871 establishments in Chile
393:American Depositary Receipts
786:Companies based in Santiago
433:The Bank was listed on the
357:Since the acquisition, the
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756:Banks established in 1871
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444:automated teller machines
24:
477:"About Banco Itaú Chile"
540:(as of 13 January 2022)
435:New York Stock Exchange
397:New York Stock Exchange
205:US$ 48.0 billion
185:US$ 88.6 million
165:US$ 3.0 billion
566:Banco Santander Chile
386:Emerging Stock Market
611:Embotelladora Andina
418:advisory services,
277:and has offices in
214:Number of employees
21:
464:2005 Annual Report
371:Banco Sudamericano
147:Financial advisory
140:Commercial banking
722:
721:
586:Cencosud Shopping
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367:subordinated debt
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218:9,574 (2023)
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375:Return on equity
347:Banco Itaú Chile
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38:Sociedad Anónima
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267:commercial bank
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124:Gabriel Moura,
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101:Santiago, Chile
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20:Itaú Chile S.A.
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799:
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404:Itaú Unibanco
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377:since 2001.
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271:Itaú Unibanco
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240:Itaú Colombia
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735:Banks portal
481:. Retrieved
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422:management,
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359:shareholders
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339:Álvaro Saieh
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307:Aníbal Pinto
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236:Subsidiaries
195:Total assets
97:Headquarters
34:Company type
700: [
663: [
645:Engie Chile
636: [
614: [
462:Corpbanca,
420:mutual fund
150:Mutual fund
113:Jorge Saieh
72:Predecessor
745:Categories
633:Enel Chile
440:Bancondell
428:securities
410:Operations
303:Concepción
263:Itaú Chile
175:Net income
152:management
108:Key people
682:Mallplaza
655:Falabella
466:, page 26
424:insurance
416:financial
46:Traded as
581:Cencosud
483:April 8,
324:Santiago
275:Santiago
136:Products
119:Chairman
62:Industry
56:ITAUCORP
335:capital
305:led by
297:History
245:Website
157:Revenue
87: (
82:Founded
66:Banking
692:Ripley
596:Colbún
479:. Itaú
283:Madrid
224:Parent
207:(2018)
187:(2017)
167:(2017)
709:Sonda
704:]
667:]
650:Entel
640:]
618:]
537:Chile
450:Notes
311:Chile
287:Miami
252:.itau
606:CSAV
591:CMPC
533:IPSA
485:2024
289:and
279:Lima
89:1871
85:1871
714:SQM
697:SMU
672:IAM
576:CCU
571:CAP
556:BCI
382:USD
326:.
317:of
254:.cl
250:www
128:CEO
52:BCS
747::
702:es
665:es
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518:e
511:t
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126:(
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117:(
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