Itaú (Chile)

Itaú Corpbanca is headquartered in Santiago and has offices in Lima, Madrid, Miami and New York City.

Since the acquisition, the shareholders defined a new strategy; restructuring and repositioning its business in order to compete with Chile's leading institutions.

To promote growth, the controlling group redefined the Bank's objectives making its target market personal financing and developing products for the middle-income population and small and medium-sized companies.

In the first quarter of 1997 the shareholders of Banco Concepción reached an agreement with the Chilean Central Bank over extinguishing the subordinated debt that had existed since the early 1980s.

Subsequently, in November 2004, Corpbanca took a major step towards internationalization when it completed the process of listing its American Depositary Receipts (ADRs) on the New York Stock Exchange.

[1] On April 1, 2016, Coprbanca was acquired Brazilian bank Itaú Unibanco, they held 66.7% with the rest owned by minority shareholders.