Itaú Corpbanca : Financial Statements

INDEPENDENT AUDITOR'S REVIEW REPORT (A free translation from the original in Spanish)

Santiago, October 27, 2021

To the Shareholders and Directors

Itaú Corpbanca

We have reviewed the accompanying interim consolidated statement of financial position of Itaú Corpbanca and subsidiaries as of September 30, 2021, the interim consolidated statements of income and of other comprehensive income for the three-month and nine-month periods ended September 30, 2021 and 2020, and the related interim consolidated statements of cash flows and of changes in equity for the nine-month periods then ended, and the related notes to the interim consolidated financial statements.

Management's Responsibility for the Interim Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the interim consolidated financial statements in accordance with accounting standards and instructions issued by the Commission for the Financial Market. This responsibility includes the design, implementation, and maintenance of internal control sufficient to provide a reasonable basis for the preparation and fair presentation of the interim consolidated financial statements in accordance with the applicable framework for preparation and presentation of financial information.

Auditor's Responsibility

Our responsibility is to conduct our review in accordance with auditing standards generally accepted in Chile applicable to reviews of interim financial information. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. The scope of a review, is substantially less than an audit conducted in accordance with auditing standards generally accepted in Chile, the objective of which is the expression of an opinion regarding the financial information. Accordingly, we do not express such an opinion.

Conclusion

Based on our reviews, we are not aware of any material modifications that should be made to the interim consolidated financial statements, mentioned in the first paragraph, to be in accordance with accounting standards and instructions issued by the Commission for the Financial Market.

Santiago, October 27, 2021 Itaú Corpbanca

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Other Matters - consolidated statement of financial position as of December 31, 2020

On February 24, 2021, we expressed an unmodified audit opinion on the consolidated financial statements as of December 31, 2020 and 2019 of Itaú Corpbanca and subsidiaries, which comprise of the consolidated statement of financial position as of December 31, 2020 set forth in the accompanying interim consolidated financial statements and the notes thereto.

Digitally signed by Claudio Hernán Gerdtzen Sepúlveda RUT: 12.264.594-0. The digital certificate is embedded in the electronic version of this document.

ITAÚ CORPBANCA AND SUBSIDIARIES

Interim Consolidated Financial Statements

Content

Page

Interim Consolidated Statements of Financial Position

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Interim Consolidated Statements of Income for the period

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Interim Consolidated Statements of Other Comprehensive Income for the period

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Interim Consolidated Statements of Changes in Equity for the period

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Interim Consolidated Statements of Cash Flows for the period

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Notes to the Interim Consolidated Financial Statements

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$	=	Amounts expressed in Chilean pesos
MCh$	= Amounts expressed in millions of Chilean pesos
US$	= Amounts expressed in US dollars
ThUS$	= Amounts expressed in thousands of US dollars
MUS$	= Amounts expressed in millions of US dollars
COP$	= Amounts expressed in Colombian pesos
MCOP$	= Amounts expressed in millions of Colombian pesos
UF	= Amounts expressed in Unidades de Fomento

(a Chilean inflation-indexed,peso-denominated monetary unit that is set daily based on changes in the Chilean Consumer Price Index)

Itaú Corpbanca and subsidiaries- Interim Consolidated Financial Statements- September 30, 2021

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ITAÚ CORPBANCA AND SUBSIDIARIES

Interim Consolidated Statements of Financial Position

(In millions of Chilean pesos - MCh$)

		As of September 30,	As of December 31,
	Note	2021	2020
		MCh$	MCh$
ASSETS
Cash and deposits in banks	5	2,471,563	3,089,072
Cash items in process of collection	5	588,149	173,192
Trading investments	6	401,285	580,369
Investments under resale agreements	7	88,748	105,580
Financial derivative contracts	8	3,258,246	3,982,803
Interbank loans, net	9	79,714	7,115
Loans and accounts receivable from customers, net	10	23,020,767	21,685,269
Available for sale investments	11	3,661,391	3,964,720
Held to maturity investments	11	183,956	111,643
Investments in companies	12	13,831	11,983
Intangibles	13	701,178	718,683
Fixed assets	14	51,532	56,020
Right of use asset under lease agreements	15	149,855	170,603
Current taxes	16	83,509	64,699
Deferred taxes	16	249,849	314,112
Other assets	17	765,272	602,769
TOTAL ASSETS		35,768,845	35,638,632
LIABILITIES
Deposits and other demand liabilities	18	6,932,429	6,197,406
Cash in process of being cleared	5	579,443	154,232
Obligations under repurchase agreements	7	361,949	638,851
Time deposits and other time liabilities	18	10,182,623	11,433,064
Financial derivative contracts	8	3,104,533	3,673,591
Interbank borrowings	19	4,749,007	3,798,978
Debt instruments issued	20	6,226,268	6,204,856
Other financial liabilities	20	34,441	13,123
Lease contracts liabilities	15	133,309	151,885
Current taxes	16	951	1,766
Deferred taxes	16	12	237
Provisions	21	345,781	282,283
Other liabilities	22	686,127	700,034
TOTAL LIABILITIES		33,336,873	33,250,306
EQUITY
Attributable to equity holders of the Bank
Capital	24	1,862,826	1,862,826
Reserves	24	470,873	1,195,849
Valuation accounts	24	(125,763)	25,873
Retained (losses) earnings:		148,061	(769,137)
Retained earnings from prior years	24	-	156,342
Income for the period/ (loss) for the year	24	211,516	(925,479)
Less: Provision for mandatory dividends	24	(63,455)	-
Total equity attributable to equity holders of the Bank		2,355,997	2,315,411
Non-controlling interest	24	75,975	72,915
TOTAL EQUITY		2,431,972	2,388,326
TOTAL LIABILITIES AND EQUITY		35,768,845	35,638,632

The explanatory notes are an integral part of these Interim Consolidated Financial Statements .

Itaú Corpbanca and subsidiaries - Interim Consolidated Financial Statements - September 30, 2021

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