Itaú Corpbanca and subsidiaries

As of and for the year ended December 31, 2020 and 2019

The financial information of Itaú Corpbanca as of and for the year ended December 31, 2020 and 2019 has been published on our website in accordance with Circular No 18 of the Chilean Commission for the Financial Market (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 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

Dec'20

Dec'19

Total loans

22,589,071

23,154,056

Total assets

35,638,632

33,740,383

Deposits and other demand liabilities

6,197,406

4,873,448

Time deposits and other time liabilities

11,433,064

11,620,187

Interbank borrowings

3,798,978

2,646,756

Debt instruments issued

6,204,856

6,408,356

Equity

2,388,326

3,440,385

Total equity attributable to equity holders of the Bank

2,315,411

3,346,102

Non-controlling interest

72,915

94,283

CONSOLIDATED INCOME STATEMENT FOR THE YEAR

With reclassification of financial hedges1

and impairment adjustment2

In Ch$ million

12M'20

12M'19

12M'20

12M'19

Net operating profit before provision for loan losses

1,078,434

1,236,084

1,118,204

1,201,835

Provisions for loan losses3

(528,460)

(322,693)

(540,902)

(312,888)

Total operating expenses

(1,627,914)

(740,975)

(819,067)

(740,975)

Operating income (loss)

(1,077,940)

172,416

(241,765)

147,972

Income from investments in companies

(1,339)

6,832

(1,339)

6,832

Operating income (loss) before income taxes

(1,079,279)

179,248

(243,104)

154,804

Income taxes

140,662

(46,784)

78,788

(22,340)

Consolidated income (loss) for the year

(938,617)

132,464

(164,316)

132,464

Net income (loss) attributable to holders of the Bank

(925,479)

127,065

(161,455)

127,065

Non-controlling interest

(13,138)

5,399

(2,861)

5,399

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 provisions associated with loans in foreign currency.

2 - For document purposes the partial impairment of the goodwill allocated to the Chilean CGU and the total impairment of the goodwill and intangible assets generated in the ITCB business combination allocated to the Colombian CGU in June 2020 have been adjusted.

3- Includes Ch$136.2 billion of net additional provisions established during the year ended December 31, 2020 (Ch$6.7 billion of additional provisions released during the year ended December 31, 2019).

This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market.

Roxana Zamorano

Gabriel Moura

Chief Accounting Officer

Chief Executive Officer

1

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Itaú CorpBanca published this content on 13 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2021 08:09:06 UTC