SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of June 2021
(Commission File No. 001-32305)
(Translation of registrant’s name into English)
Rosario Norte 660
(Address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ⌧
Form 40-F ◻
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
On June 10, 2021, Itaú Corpbanca published a press release announcing that, on the same date, it filed a material event notice with the Chilean Commission for the Financial Market. The press release and material event notice are attached hereto as Exhibits 99.1 and 99.2, respectively.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
/s/ Cristián Toro Cañas
Cristián Toro Cañas
Date: June 10, 2021.
Itaú Corpbanca Files Material Event Notice Announcing a Capital Increase
SANTIAGO, Chile, Jun. 10, 2021 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) today announced that it filed a Material Event Notice with the Chilean Commission for the Financial Market reporting that on this date the board of directors agreed to convene an Extraordinary Shareholders’ Meeting for July 13, 2021 to review, among other matters, a capital increase in the amount of Ch$830,000,000,000 (eight hundred and thirty billion Chilean pesos) or in the amount determined by the Shareholder’s Meeting, through the issuance of new shares, which shall be subscribed and paid within the term agreed by the Shareholders’ Meeting. The full Material Event Notice is available on the company’s investor relations website at ir.itau.cl.
About Itaú Corpbanca
ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) is the entity resulting from the merger of Banco Itaú Chile with and into Corpbanca on April 1, 2016. The current ownership structure is: 39.22% owned by Itaú Unibanco, 27.16% owned by the Saieh Family and 33.62% owned by minority shareholders. Itaú Unibanco is the sole controlling shareholder of the merged bank. Within this context and without limiting the above, Itaú Unibanco and CorpGroup have signed a shareholders’ agreement relating to corporate governance, dividend policy (based on performance and capital metrics), transfer of shares, liquidity and other matters.
The bank is the fifth largest private bank in Chile and as per its mandate is the banking platform for future expansion in Latin America, specifically in Chile, Colombia and Peru. Itaú Corpbanca is a commercial bank based in Chile with additional operations in Colombia and Panama. In addition, Itaú Corpbanca has a branch in New York and a representative office in Lima. Focused on large and medium sized companies and individuals, Itaú Corpbanca offers universal banking products. In 2012, the bank initiated a regionalization process and as of the date hereof has acquired two banks in Colombia ‒Banco Corpbanca Colombia and Helm Bank‒ becoming the first Chilean bank with banking subsidiaries abroad. The merger with Banco Itaú Chile and the business combination of our two banks in Colombia, represent the continued success of our regionalization process.
As of April 30, 2020, according to the Chilean Financial Market Commission, Itaú Corpbanca was the fifth largest private bank in Chile in terms of the overall size of its customer loan portfolio, equivalent to 9.8% market share. As of March 31, 2021, according to the Colombian Superintendency of Finance, Itaú Corpbanca Colombia was the eighth largest bank in Colombia in terms of total loans and nineth in terms of total deposits, as reported under local regulatory and accounting principles. As of the same date, its market share by loans reached 4.0%.
Investor Relations – Itaú Corpbanca
+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl
Santiago, June 10, 2021
GG.– 135 / 2021
Commission for the Financial Market
Ref.: Material Event Notice.
Dear Mr. Chairman,
In accordance with the provisions set forth in articles 9 and 10 of Law 18,045 on Securities Markets, and Chapter 18-10 of the updated Compilation of Norms of the Chilean Commission for the Financial Market, we inform the following Material Event:
On this date, Itaú Corpbanca (the “Bank”) held a Board of Directors’ meeting, at which the members of the Board agreed to convene an Extraordinary Shareholders’ Meeting for July 13, 2021, at 10:00 A.M. (Santiago time), at 5537 Presidente Riesco Ave., 3rd Floor, Las Condes. At such meeting, shareholders will review the following matters:
|A.||Increase the capital of the Bank in the amount of $830,000,000,000 (eight hundred and thirty billion Chilean pesos) or in the amount determined by the Shareholders’ Meeting, through the issuance of new shares, which shall be subscribed and paid within the term agreed by the Shareholders’ Meeting;|
|B.||Set the price, the form, time, procedure and other conditions of placement of the shares to be issued pursuant to the capital increase; or empower the Board of Directors to determine, set and freely agree and with the broadest powers the price, the form, time, procedure and other conditions for the placement of the aforementioned shares;|
|C.||Amend the Bank’s bylaws to reflect the resolutions of the Shareholders’ Meeting;|
|D.||Inform about related party transactions referred to in Title XVI of Law 18,046, on Chilean Corporations Act; and|
|E.||Generally, adopt all other resolutions that may be necessary or convenient in order to implement the resolutions of the Shareholders’ Meeting.|
The capital increase is intended to support the future growth of the Bank and to have capitalization indexes in line with the main banks in the country, in accordance with Basel III standards and pursuant to the Chilean Commission for the Financial Market regulation.
In this context and as part of the Bank’s capital planning, it is reported that in the extraordinary meeting held today, the Bank’s Board of Directors agreed to propose the Ordinary Shareholders’ Meeting to be held in the first quarter of next year, the distribution of an amount not exceeding 30% of the profits corresponding to year 2021.
The Board of Directors also agreed that this shareholders’ meeting will be held remotely, so that the technological means that will be used will constitute the sole and exclusive mechanism to participate and vote, in order to prevent any exposure to contagion, in accordance with the recommendations and mandatory measures of the Chilean authorities. The information regarding how to register, connect and participate remotely in this meeting, will be available and will be communicated timely in the notices of summons to the meeting and on the Bank's website www.itau.cl.
The notices of summons to the Extraordinary Shareholders’ Meeting, including the matters to be reviewed, will be published in the opportunities provided by the applicable legislation.
Chief Executive Officer