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 July 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 July 8, 2019, Itaú Corpbanca issued a press release announcing that it will release its results for the second quarter ended June 30, 2019, before the market opens in Santiago and in New York on Wednesday, July 31, 2019, and inviting investors to join a conference call regarding the results on Thursday, August 1, 2019. The press release is attached hereto as Exhibit 99.1.
On July 9, 2019, Itaú Corpbanca published on its website its results as of and for the month ended June 30, 2019 and 2018, which are attached hereto as Exhibit 99.2.
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: July 10, 2019.
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press release dated July 8, 2019. | |
99.2 | Itaú Corpbancas results as of and for the month ended June 30, 2019 and 2018. |
Exhibit 99.1
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Itaú Corpbanca Investor Relations |
Itaú Corpbanca Schedules Second Quarter 2019 Financial Results, Conference Call and Webcast
Santiago, Chile, July 8, 2019. ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today that it will release its results for the second quarter ended June 30, 2019, before the market opens in Santiago and in New York on Wednesday, July 31, 2019.
On Thursday, August 1, 2019, at 11:00 A.M. Santiago time (11:00 A.M. ET), the Companys management team will host a conference call to discuss the financial results. The call will be hosted by Gabriel Moura, Itaú Corpbancas Chief Financial Officer, and Claudia Labbé, Itaú Corpbancas Head of Investor Relations.
Conference Call Details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 (877) 790-7811 (US Toll Free Dial In), or +1 (647) 689-5491 (Standard International Dial-In). Conference ID: 6858249# or quote Itaú Corpbanca to the operator.
A telephonic replay of the conference call will be available Thursday, August 8, 2019, by dialing +1(800) 585-8367 or +1 (416) 621-4642 (Encore Dial In). Access Code: 6858249#
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:
https://event.on24.com/wcc/r/2021467/013A00D85F3FF0DE2117D18F9425C397
About Itaú Corpbanca
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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 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 Colombia Banco Corpbanca Colombia and Helm Bank becoming 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 May 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 10.2% market share. As of April 30, 2019, 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 4.6%.
Investor Relations Itaú Corpbanca
+56 (2) 2660-1701 / IR@corpbanca.cl / ir.itau.cl
Exhibit 99.2
Itaú Corpbanca and subsidiaries
As of and for the six-month periods ended June 30, 2019 and 2018 |
The financial information of Itaú Corpbanca as of and for the six-month periods ended June 30, 2019 and 2018 has been published on our website in accordance with Circular N° 18 of the Superintendency of Banks and Financial Institutions (Superintendencia de Bancos e Instituciones Financieras, or SBIF, currently Financial Market Commission, or CMF) dated September 1st, 2008. The unaudited financial information included herein has been prepared in accordance with the Compendium of Accounting Standards issued by SBIF (currently CMF) pursuant to Chilean Generally Accepted Accounting Principles (Chilean GAAP), which conform with the international standards of accounting and financial reporting issued by the International Accounting Standards Board (IASB) to the extent that there are not specific instructions or regulations to the contrary issued by the CMF.
CONDENSED CONSOLIDATED BALANCE SHEET | ||||||||||||||||||||
In Ch$ million | Jun19 | Jun18 | ||||||||||||||||||
Total Loans |
22,058,038 | 21,135,759 | ||||||||||||||||||
Total Assets |
31,163,272 | 29,330,838 | ||||||||||||||||||
Deposits and other demand liabilities |
4,416,783 | 4,148,966 | ||||||||||||||||||
Time deposits and other time liabilities |
10,167,374 | 9,888,226 | ||||||||||||||||||
Interbank borrowings |
2,284,729 | 2,346,109 | ||||||||||||||||||
Debt instruments issued |
6,572,404 | 6,021,007 | ||||||||||||||||||
Equity |
3,604,365 | 3,497,546 | ||||||||||||||||||
Total equity attributable to equity holders of the bank |
3,377,074 | 3,270,559 | ||||||||||||||||||
Non-controlling interest |
227.291 | 226.987 | ||||||||||||||||||
YTD CONSOLIDATED INCOME STATEMENT | With reclasification of Financial Hedges1 |
|||||||||||||||||||
In Ch$ million | 6M19 | 6M18 | 6M19 | 6M18 | ||||||||||||||||
Net operating profit before provision for loan losses |
562,795 | 607,903 | 576,222 | 579,741 | ||||||||||||||||
Provisions for loan losses |
(103,077) | (119,740) | (106,981) | (113,200) | ||||||||||||||||
Total operating expenses |
(362,369) | (365,247) | (362,369) | (365,247) | ||||||||||||||||
Operating income (Loss) |
97,349 | 122,916 | 106,872 | 101,294 | ||||||||||||||||
Income from investments in companies |
2,144 | 1,486 | 2,144 | 1,486 | ||||||||||||||||
Operating income before income taxes |
99,493 | 124,402 | 109,016 | 102,780 | ||||||||||||||||
Income taxes |
(12,754) | (23,067) | (22,277) | 1,445 | ||||||||||||||||
Consolidated income |
86,739 | 101,335 | 86,739 | 101,335 | ||||||||||||||||
Net income attributable to holders of the bank |
80,857 | 100,697 | 80,857 | 100,697 | ||||||||||||||||
Non-controlling interest |
5,882 | 638 | 5,882 | 638 |
1 - Includes the reclassification of foreign exchange gain or loss generated by hedge positions that neutralize the impacts of exchange rate variation on the fiscal value of our investments abroad and on our loan loss provisiones associated with loans in foreing currency.
This financial information shall be considered provisional until the official figures are published by the Financial Market Commission.
Roxana Zamorano Pozo | Manuel Olivares Rossetti | |||
Chief Accounting Officer | Chief Executive Officer |