UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of March 2019
(Commission File No. 001-32305)
ITAÚ CORPBANCA
(Translation of registrants name into English)
Rosario Norte 660
Las Condes
Santiago, Chile
(Address of registrants principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ | Form 40-F ☐ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):
Yes ☐ | No ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):
Yes ☐ | No ☒ |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ | No ☒ |
On March 8, 2019, Itaú Corpbanca published a press release announcing that, on the same date, it filed a material event notice with the Chilean Financial Market Commission and with the Chilean Superintendency of Banks and Financial Institutions. The press release and material event notice are attached hereto as Exhibits 99.1 and 99.2, respectively.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
ITAÚ CORPBANCA | ||
(Registrant) | ||
By: |
/s/ Cristián Toro Cañas | |
Name: |
Cristián Toro Cañas | |
Title: |
General Counsel |
Date: March 8, 2019.
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press release dated March 8, 2019. | |
99.2 | Material event notice dated March 8, 2019. |
Exhibit 99.1
Itaú Corpbanca Investor Relations |
Itaú Corpbanca Files Material Event Notice announcing Dividend Proposal
Santiago, Chile, March 8, 2019. ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced that it filed today a Material Event Notice reporting the Board of Directors proposal to the annual ordinary shareholders meeting to distribute a dividend equivalent to 30% of 2018 net income, which represents an aggregate amount equal to Ch$51,614,029,171, payable to the holders of the Banks 512,406,760,091 total outstanding shares (i.e. Ch$0.10 per share) with the Chilean Financial Market Commission and with the Chilean Superintendency of Banks and Financial Institutions. The Material Event Notice is also available on the companys investor relations website at ir.itau.cl.
About Itaú Corpbanca
|
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) is the entity resulting from the merger of Banco Itaú Chile with and into Corpbanca on April 1, 2016. The current ownership structure is: 38.14% owned by Itaú Unibanco, 28.57% owned by the Saieh Family and 33.29% owned by minority shareholders. Itaú Unibanco is the sole controlling shareholder of the merged bank. Within this context and without limiting the above, Itaú 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. Itaú Corpbanca is a commercial bank based in Chile with additional operations in Colombia and Panama. In addition, Itaú Corpbanca has a branch in New York and representative offices in Madrid and in Lima. Focused on large and medium sized companies and individuals, Itaú Corpbanca offers universal banking products. In 2012, the bank initiated a regionalization process and as of the date hereof has acquired two banks in ColombiaBanco Corpbanca Colombia and Helm Bankbecoming the first Chilean bank with banking subsidiaries abroad. The merger with Banco Itaú Chile and the business combination of our two banks in Colombia, represent the continued success of our regionalization process.
As of January 31, 2019, according to the Chilean Superintendency of Banks, Itaú 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 December 31, 2018, according to the Colombian Superintendency of Finance, Itaú 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. As of the same date, its market share by loans reached 4.7%.
Investor Relations Itaú Corpbanca
+56 (2) 2660-1701 / IR@corpbanca.cl
Exhibit 99.2
Santiago, March 8, 2019. GG. 99/2019 |
Mr.
Joaquín Cortez Huerta
Chairman
Financial Market Commission
Present
Ref.: Material Event Notice / Dividend Distribution Proposal.
Dear Mr. Chairman,
In accordance with the provisions set forth in articles 9 and 10 of Law 18.045 on Securities Markets, and Chapter 18-10 of the Updated Compilation of Norms of the Superintendency of Banks and Financial Institutions (SBIF), we inform the Commission of the following Material Event:
On this date, Itaú Corpbanca (the Bank) held an extraordinary Board of Directors (the Board) meeting, at which the members of the Board agreed to propose to the annual ordinary shareholders meeting, to be held on March 19, 2019, a distribution of a dividend equivalent to 30% of 2018 net income, which represents an aggregate amount equal to Ch$51,614,029,171, payable to the holders of the Banks 512,406,760,091 total outstanding shares. If approved, a dividend distribution of Ch$0.10 per share will be paid upon the conclusion of the shareholders meeting.
If the distribution of such dividends is approved, they will be available to the shareholders as of March 20, 2019.
In the that event the distribution is approved pursuant to the terms set forth above, the shareholders entitled to receive such dividends will be those registered in the companys shareholders registry at midnight on March 13, 2019, that is, those who are registered as of the fifth business day prior to the date of the shareholders meeting.
Sincerely,
Manuel Olivares Rossetti
Chief Executive Officer
Itaú Corpbanca
cc: | Superintendency of Banks and Financial Institutions |