Itaú Corpbanca (ITCB)
Itaú Corpbanca operates in the Banks - Regional industry of the Financial Services sector, headquartered in Santiago de Chile, CL. The stock last traded at $3.42, up 1.18% on the session, giving a market capitalisation of $2.22B. On trailing twelve-month figures it carries a trailing P/E of 4.58, a net margin of 29.2%. Its beta of 0.79 implies it has historically moved less than the broad market.
Itaú Corpbanca, a subsidiary of Itaú Unibanco Holding S.A., provides extensive wholesale and retail banking services to a varied clientele, including small and medium-sized enterprises, individuals, and institutional clients, across Chile and Colombia. Its offerings encompass a comprehensive range of financial products, such as current and savings accounts, various deposit options including demand and term deposits, certificates of deposit, and bank drafts. The company extends a broad spectrum of credit facilities, denominated in both Chilean pesos and foreign currencies, covering trade finance, general commercial and consumer lending, working capital provisions, personal installment plans, home mortgages, credit lines, and letters of credit. Beyond traditional banking, Itaú Corpbanca delivers diverse financial instruments like interest rate and foreign exchange derivatives, cash flow management solutions, mutual fund and securities brokerage, and financial advisory services. The institution further offers asset management, insurance brokerage, treasury operations, and comprehensive trust and custodial services. This includes specialized trust portfolio administration spanning investment, administrative, security, real estate, and fund management. Additionally, the bank manages loan collections through both judicial and extra-judicial processes, issues credit and debit cards, and facilitates modern banking through internet, telephone, and mobile platforms. As of December 31, 2021, Itaú Corpbanca maintained an operational presence with 188 branches and 402 automated teller machines. Established in 1871, the company is headquartered in Santiago, Chile.
Itaú Corpbanca is most often compared with the following Financial Services names: