Itaú Corpbanca : Financial Report Summary, May 2021
June 10, 2021 at 07:58 am IST
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Itaú Corpbanca and subsidiaries
As of and for the five-month period ended May 31, 2021 and 2020
The financial information of Itaú Corpbanca as of and for the five-month period ended May 31, 2021 and 2020 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
May'21
May'20
Total loans
22,864,897
24,044,170
Total assets
34,982,479
39,707,764
Deposits and other demand liabilities
6,401,030
5,639,345
Time deposits and other time liabilities
10,346,976
12,602,297
Interbank borrowings
4,428,387
4,133,209
Debt instruments issued
6,283,315
6,712,568
Equity
2,411,735
3,354,830
Total equity attributable to equity holders of the Bank
2,342,727
3,264,759
Non-controlling interest
69,008
90,071
YTD CONSOLIDATED INCOME STATEMENT
With reclassification of financial hedges1
In Ch$ million
5M'21
5M'20
5M'21
5M'20
Net operating profit before provision for loan losses
508,616
517,985
498,637
461,874
Provisions for loan losses 2
(55,930)
(164,087)
(54,089)
(149,616)
Total operating expenses
(286,767)
(294,036)
(286,767)
(294,036)
Operating income
165,919
59,862
157,781
18,222
Income from investments in companies
745
1,748
745
1,748
Operating income before income taxes
166,664
61,610
158,526
19,970
Income taxes
(25,931)
(31,625)
(17,793)
10,015
Consolidated income for the period
140,733
29,985
140,733
29,985
Net income attributable to holders of the Bank
139,195
29,369
139,195
29,369
Non-controlling interest
1,538
616
1,538
616
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 - Includes Ch$7.0 billion of additional provisions established during the 5M period ended May 31, 2021.
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 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 02:27:01 UTC.
Banco Itau Chile is a Chile-based financial institution (the Bank) engaged in the banking sector. The Bank operates in seven segments: Large, Corporate and Real Estate Companies, which includes companies that belong to major economic groups and specific industries; Companies, which includes leasing, factoring and other financial services for business customers; Traditional and Private Banking, which offers checking accounts, consumer loans, credit cards and mortgage loans; Lower Income Retail Banking, corresponding to operations of Banco Condell, which offers consumer loans, credit cards and mortgage loans; Treasury and International, which comprises treasury activities, such as financial management and funding; Non-Banking Financial Services, which provides services rendered by its subsidiaries, including insurance brokerage, financial advisory and securities brokerage, and Colombia, which includes commercial and retail banking services provided by CorpBanca Colombia and Helm Bank.