EX-99.1 2 dex991.htm PRESS RELEASE ANNOUNCING CORPBANCA'S FINANCIAL RESULTS Press release announcing CorpBanca's financial results

Exhibit 99.1

CORPBANCA AND SUBSIDIARIES

As of December 31, 2008

The following interim financial information of CorpBanca as of December 31, 2008 has been published on our website in accordance with circular No. 18 of the Superintendency of Banks and Financial Institutions dated September 1, 2008.

Consolidated Balance Sheet Accounts (unaudited)

 

     MCh$  

Total loans

    4,909,546  

Total assets

    6,191,729  

Current accounts and demand deposits

    357,902  

Time deposits and savings accounts

    3,350,742  

Borrowings from financial institutions

    492,606  

Debt issued

    765,172  

Equity

    483,307  
Condensed Consolidated Statement of Income (unaudited)  
     MCh$  

Total operating revenue

    274,980  

Provisions for loan losses

    (54,561 )

Operating expenses

    (120,006 )
      

Operating income

    100,413  

Income attributable to investments in other companies

    418  

Net loss from price-level restatement

    (33,654 )
      

Income before taxes

    67,177  

Income taxes

    (10,867 )

Net income for the period

    56,310  

The above financial information shall be considered provisional until the official figures are published by the Superintendency of Banks and financial institutions.

 

Raúl Recabarren Valderas    Mario Chamorro Carrizo
Accounting Assistant Manager    Chief Executive Officer