ITAÚ CORPBANCA

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Itaú Corpbanca : Itaú Corpbanca's results as of and for the eight-month period ended August 31, 2021 and 2020 (Form 6-K)

09/14/2021 | 05:12pm

Itaú Corpbanca and subsidiaries
As of and for the eight-month period ended August 31, 2021 and 2020

The financial information of Itaú Corpbanca as of and for the eight-month period ended August 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

Aug'21

Aug'20

Total loans

23,390,230

23,548,002

Total assets

35,161,674

37,599,460

Deposits and other demand liabilities

7,005,709

5,850,934

Time deposits and other time liabilities

10,194,890

12,426,538

Interbank borrowings

4,603,753

4,433,374

Debt instruments issued

6,328,317

6,131,829

Equity

2,426,262

2,576,055

Total equity attributable to equity holders of the bank

2,353,376

2,498,638

Non-controlling interest

72,886

77,417

YTD CONSOLIDATED INCOME STATEMENT

With reclassification of financial hedges1 and impairment adjustment2

In Ch$ million

8M'21

8M'20

8M'21

8M'20

Net operating profit before provision for loan losses

837,731

757,244

777,127

729,821

Provisions for loan losses3

(105,415)

(252,609)

(91,619)

(245,232)

Total operating expenses

(454,387)

(1,275,421)

(454,387)

(466,574)

Operating income (loss)

277,929

(770,786)

231,121

18,015

Income from investments in companies

501

1,259

501

1,259

Operating income before income taxes

278,430

(769,527)

231,622

19,274

Income taxes

(82,344)

23,012

(35,536)

8,512

Consolidated income for the period

196,086

(746,515)

196,086

27,786

Net income attributable to holders of the Bank

194,269

(737,169)

194,269

26,855

Non-controlling interest

1,817

(9,346)

1,817

931

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 presentation 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 in column 8M'20.

3 - Includes Ch$7.0 billion of additional provisions established during the 8M period ended August 31, 2021 ($49.5 billion during the 8M period ended August 31, 2020).

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

Disclaimer

Itaú CorpBanca published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 21:11:09 UTC.

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