UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
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)
ITAÚ CORPBANCA
(Translation of registrant’s name into English)
Rosario Norte 660
Las Condes
Santiago, Chile
(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):
Yes ◻ | No ⌧ |
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):
Yes ◻ | No ⌧ |
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.
Yes ◻ | No ⌧ |
On June 9, 2021, Itaú Corpbanca published on its website its results as of and for the five-month period ended May 31, 2021 and 2020, which are attached hereto as Exhibit 99.1.
EXHIBIT INDEX
Exhibit | | Description |
99.1 | | Itaú Corpbanca’s results as of and for the five-month period ended May 31, 2021 and 2020. |
SIGNATURES
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.
| ITAÚ CORPBANCA | |
| (Registrant) | |
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| By: | /s/ Cristián Toro Cañas |
| Name: | Cristián Toro Cañas |
| Title: | General Counsel |
Date: June 17, 2021.
Itaú Corpbanca and subsidiaries |
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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 | |
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| 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 | |
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| YTD CONSOLIDATED INCOME STATEMENT | | | | With reclassification of financial hedges1 | | |
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| 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 | |
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| 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 | |
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| 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. | | | | | | |
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| 2 - Includes Ch$7.0 billion of additional provisions established during the 5M period ended May 31, 2021. | | | | | | |
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| This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market. | | | | | | |
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| Roxana Zamorano | | | | Gabriel Moura | | |
| Chief Accounting Officer | | | | Chief Executive Officer | | |
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