Itaú Corpbanca : Financial Report Summary, June 2020
July 10, 2020 at 08:06 am
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Itaú Corpbanca and subsidiaries
As of and for the six-month period ended June 30, 2020 and 2019
In Ch$ million
Total loansTotal assets
Deposits and other demand liabilities Time deposits and other time liabilities Interbank borrowings
Debt instruments issued
Equity
Total equity attributable to equity holders of the Bank Non-controlling interest
In Ch$ million
6M'20
6M'19
6M'20
6M'19
Net operating profit before provision for loan losses
629,171
562,795
557,537
576,222
Provisions for loan losses
(190,607)
(103,077)
(171,395)
(106,981)
Total operating expenses2
(1,159,930)
(362,369)
(1,159,930)
(362,369)
Operating income (loss)
(721,366)
97,349
(773,788)
106,872
Income from investments in companies
1,555
2,144
1,555
2,144
Operating income (loss) before income taxes
(719,811)
99,493
(772,233)
109,016
Income taxes
(12,088)
(12,754)
40,334
(22,277)
Consolidated income (loss) for the period
(731,899)
86,739
(731,899)
86,739
Net income (loss) attributable to holders of the Bank3
(722,416)
80,857
(722,416)
80,857
Non-controlling interest
(9,483)
5,882
(9,483)
5,882
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 losses for Ch$764,024 million corresponding to the partial impairment of the goodwill allocated to the Chilean CGU for Ch$448,273 million and the total impairment of the goodwill and intangible assets generated in the ITCB business combination allocated to the Colombian CGU for Ch$315,751 million.
3 - The income for the month of June 2020, previous recognition of the impairment losses indicated above, were Ch$12,239.
This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market.
The financial information of Itaú Corpbanca as of and for the six-month period ended June 30, 2020 and 2019 has been published on our website in accordance with Circular N°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
YTD CONSOLIDATED INCOME STATEMENT
Roxana ZamoranoChief Accounting Officer
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Itaú CorpBanca published this content on 10 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 July 2020 07:05:03 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.