Institutional

Presentation June 2016

CORPBANCA COLOMBIA │BANK’S HISTORY

Banco Alemán Antioqueño is established by Colombian and German businessmen

Changed its name to Banco Comercial Antioqueño and merged with Banco Santander de Colombia (Blue) under the name “Bancoquia”

The Spanish group Santander acquired the bank and changed its name to Banco Santander Colombia

Grupo CorpBanca Chile acquired the bank

Corpbanca Colombia acquired Helm Bank and its subsidiaries. Merger June 1st 2014

Merger Itaú Chile and Corpbanca Chile (main shareholder of Corpbanca Colombia). April 1st 2016

2013

1997

1942

1912

2012

2016

CORPBANCA COLOMBIA │ SHAREHOLDER’S COMPOSITION Percentage

CorpBanca

Colombia

Itaú

CorpBanca

66.28%

Helm1/ Corpgroup2/

20.82% 12.36%

As of April 2016

1/ Through Helm LLC 19.44% and Kresge Stock Holding Company Inc. 1.38%

2/ Through different companies. CG Financial Colombia S.A.S. 8.28%, Corpgroup Interhold SPA

2.09%, Corp Group Banking S.A. 1.99%, CG Investment Colombia S.A. 0.00%

Minor

Shareholders

0.54%

MERGER CORPBANCA - ITAÚ CHILE │TRANSACTION STRUCTURE Percentage

Color Scheme

215 104 48

98 14 129

216 46 63

40 43 132

238 181 60

125 179 55

143 145 147

0 118 189

Merger

Merger of Itaú Chile and CorpBanca

Resulting property structure:

― Itaú Unibanco: 33.58%

― CorpGroup and subsidiaries:

33.13%

― Minor Shareholders: 33.29%

Itaú Unibanco will sign a

shareholders agreement with

CorpGroup to determine corporate

governance issues of the merged

bank

Source: CorpBanca Chile

100.00%

HoldCo A Minor

Shareholders

SAGA

Ltda.

Itaú CorpBanca

CorpBanca

Colombia

Colombia’s

Minor

Shareholders

3.65% 33.58% 33.29%

[66.28]%* [33.72]%* 100.00%

Itaú Unibanco CorpGroup and

Susidiaries

100.00%

Corporación

Financiera Itaú

(Itaú Colombia)

CorpGroup

Banking

100.00%

29.48%

Itaú CorpBanca will buy 12.36% of ownership of Corpgroup

Shareholders Agreement

MERGER CORPBANCA - ITAÚ CHILE │PROGRESS

Jan 29 2014 April 29 2015 Jun 2 2015

Signature of a

Strategic

Association

Agreement

between

CorpBanca and

Itaú Chile1/

Delivery of Expert

Report Exchange

Ratio

Amendment of

Transaction

Agreement

CorpBanca’s

Board of Directors

recommend the

operation.

Apr 1 2016

Merger Itaú

CorpBanca.

Brand: Banco Itaú or

Itaú

Approval of Brasil, Panamá and Colombia. Waiver IFC

29 ene 2017

Chile’s SBIF

Approval

Jun 30 2015 Jun 26 2015

CorpBanca’s

Extraordinary

Shareholders

Meeting. Approval

with 88.39% votes.

Approval of Itaú

Chile Extraordinary

Shareholders

Meeting

Sep 4 2015

Maximum date to sell

CorpGroup’s stake in

en CorpBanca

Colombia (12.36%)2/

Source: Relevant Information, IRO Chile

1/ CorpBanca Chile announces that Inversiones CorpGroup Interhold Limitada, Inversiones Saga Limitada, Itaú Unibanco Holding S.A. and Banco Itaú

Chile, subscribed a Transaction Agreement, in which the parties will perform a strategic alliance of its operations in Chile y Colombia, subject to the

authorizations of the regulators (Chile, Colombia, Panamá and Brasil), and the approval of CorpBanca’s and Banco Itaú Chile’s shareholders.

2/ Banco CorpBanca Colombia will not distribute dividends until the closing date of the sale

First 100 days

Merger

Planning

Monitoring

Period

Aug. 20

2013 2017

Banks’

Legal

Merger

Jun. 1 2014

Brokerage Firms

Merger

Sep. 1 2014

Monitoring

Period

Mar. 1 2014 Nov. 29

2013

Implementation– Legal Merger Banks

Implementation– Merger

Brokerage Firms

Operational and IT Merger

Time

Finished

On going

The legal merger implies the use of a single tax ID (NIT)

for both companies (CorpBanca’s NIT)

The brands and branch network will continue to operate

consistent with past practice

CORPBANCA COLOMBIA │MERGER CORPBANCA – HELM, TWO STAGES

ITAÚ │MAIN NUMBERS

• International Bank with more than 85 years of history. Presence

in over 20 countries in America, Europe and Asia

• USD $39.9 billion market cap

• 90,320 employees

• 4,985 branches and CSBs

• 26,412 ATMs

• Net Income USD $6 billion in 20151/

• Assets USD $343 billion in December 20151/

• Listed in Sao Paulo (BM&FBovespa), Buenos Aires and NYSE

• Part of Dow Jones Sustainability Index since its beginning in

1999

• Most valuable brand in Brasil, USD $8.5 billion (Interbrand 2015)

• Vision: To be the leading bank in sustainable performance and

customer satisfaction

Source: Institutional Presentation Itaú. Itáú Unibanco Holding, December 2015

1/ Exchange Rate 3.9609 BRL / USD December 31st 2015

CORPBANCA COLOMBIA │ FINANCIAL GROUP Percentage

Helm

Fiduciaria

CorpBanca

Investment

Trust

Helm

Comisionista

de Bolsa

Helm Bank

[Panamá]

Helm Casa de

Valores [Panamá]

Helm Corredor

de Seguros

Related

Company

94.0% 94.5% 95.0% 100.0%

100.0%

1/ Cities with Coprbanca presence Armenia, Barrancabermeja, Barranquilla, Bogotá, Bucaramanga,

Cali, Cartagena, Caucasia, Cúcuta, Ibagué, Manizales, Medellín, Montería, Pasto, Pereira, Popayán,

Rionegro, Santa Marta, Tunja, Villavicencio. Does not include specliazed Leasing and SMEs branches.

2/ As of June 2016.

3/ As of June 2016. Subsidiaries employees included. Bank employees 3,200.

CORPBANCA COLOMBIA │ BRANCH NETWORK

164 branches in the 20

main cities of

Colombia1/

180 ATMs

577 thousand clients2/

3,664 employees3/

Clients June 2016

577,299

Companies

Private

Banking

Individuals

8.5%

1.1%

90.4%

Small

Medium

Total Bank 49,047

Total Companies

2.0%

1.1% Corporate

Institutional

Other 2.9%

84.2%

9.6%

CORPBANCA COLOMBIA│CLIENTS BY SEGMENT Number, percentage

FITCH

RATINGS DE

COLOMBIA

DEUDA A LARGO PLAZO

DEUDA A CORTO PLAZO

AAA(col) perspectiva

estable

F1+ (col)

BRC S&P

DEUDA A LARGO PLAZO

DEUDA A CORTO PLAZO

AAA Creditwatch Negativo

BRC1+

LONG-TERM DEBT

AAA

SHORT-TERM DEBT

BRC 1+

FITCH

RATINGS DE

COLOMBIA

LONG-TERM DEBT

AAA (col) Stable Outlook

SHORT-TERM DEBT

F1+ (col)

CorpBanca overcomes his first operation year after the

merged without traumatism

The Chilean merger could bring additional benefits and

adoption of best practices

Good quality of loan portfolio. Adequate risk controls,

consistent with best practices and requirement of his

head office.

Adequate capital base. The equity injections made and

the commitment not to payment dividends in the first

years of operation have been positive to the operation.

The merger process between Helm and Corpbanca

has progressed according with established

schedules.

Best performance in quality of loan portfolio

compared to the average of banks.

Robust structure for risk management in accordance

with best practices.

Adequate bank's stockholders’ equity position ass a

result of retained profits and moderated increase of

assets. Good credit profile of Itaú Corpbanca, with

strategic importance of Colombia.

CORPBANCA COLOMBIA │ RISK RATINGS1/

1/ BRC’s Rating issued April 2016 and Fitch’s Rating issued April 2016

CORPBANCA COLOMBIA │ CORPORATE GOVERNANCE

* Miembros independientes. Junta Directiva reelegida en Asamblea de Marzo de 2016

Board of Directors - Members

1 Roberto Brigard Holguín*

2 Luis Fernando Martínez Lema*

3 Juan Carlos García Cañizares*

4 Santiago Jaramillo

5 Juan Echeverría González

6 Milton Maluhy Filho

7 Carmiña Ferro Iriarte

8 Mónica Aparicio Smith*

9 Rafael Pardo Soto

* Independent Members. Board reelected on Shareholders Meeting March 2016

*44% independent Board Members, in

accordance with the current laws

• Monthly Audit Committee with 3 Board Members, 2

independent

• Rules of Procedure for the Board of Directors

• Rules of Procedure for Shareholder’s Meetings

• Corporate Governance Committee

• Governance Code

• Annual Corporate Governance Report

• Bylaws and related information published in

CorpBanca’s Web Page

• Convergence towards new “Código País”

guidelines. e.g. CRO Chief Risk Officer

• Executive Credit Committee with Board members

of Colombia and Chile

CORPBANCA COLOMBIA │ CUSTOMER SERVICE SATISFACTION

Helm Bank

Davivienda

Banco de Occidente

BCSC

Banco de Bogotá

CorpBanca

Sector

BBVA

Bancolombia

Citibank

AV Villas

Popular

Colpatria

79.0

75.0

75.0

74.0

74.0

74.0

73.0

73.0

73.0

73.0

71.0

70.0

70.0

Helm’s and Corpbanca’s

network branches occupy

1st and 6th place at the

Colombian banks ranking in

customer service and

quality

Customer Index Value

(CIV) methodology that

objectively and

independently measures

the client’s experience.

Produces the only customer

satisfaction index in the

country.

Banking sector Satisfaction

Index (CIV) 2015

CORPBANCA COLOMBIA │ COMMITMENTS AND BEST PRACTICES ON

SUSTAINABILITY

• SEMS (Social and Environmental

Management System)

• Human Rights

• Labor Rights

• Anticorruption

• Environment

• Liders of the Financial Institutions

Network

• Environmental and Social Risks

• Green Products

• Eco-efficiency

• Environmental and Social Risks

• Green Products

• Eco-efficiency

• Stakeholders Dialogues

• 100 development ratios for the financial

sector

• Guides for policies and processes

• Transparency Report

• Carbon Footprint certificate

by ICONTEC following

ISO14064 and GHG

Protocol.

41

28

24

17

11 11

9 8 7 7

4 4 4 1 1 1 1 0 0 0 0 0 0 0 0

ASSETS

6.3%

Source: Superfinanciera; Analysis: Banco Corpbanca. Exchange rate 30/06/2016: $ 2,916.15

CorpBanca’s

Market Share

COLOMBIAN BANKING SECTOR│RANKING MAY 2016 USD Billions

56

36 36

28

17 16 12 11 10 9 7 6 6

2 2 1 1 1 1 0 0 0 0 0 0

LOANS + DEPOSITS

6.3% CorpBanca’s

Market Share

28

19 18

14

9 8

6 6 6 5

4 4 3 1 1 0 0 0 0 0 0 0 0 0 0

DEPOSITS

6.6% CorpBanca’s

Market Share

COLOMBIAN BANKING SECTOR│RANKING MAY 2016 USD Billions

Source: Superfinanciera; Analysis: Banco Corpbanca. Exchange rate 30/06/2016: $ 2,916.15

28

18 17

13

9 7 7

5 4 3 3 3 3

1 1 1 1 0 0 0 0 0 0 0 0

GROSS LOANS

5.9% CorpBanca’s

Market Share

CORPBANCA COLOMBIA │COMPOSICIÓN ACTIVOS COP Billones, porcentaje

Net Loans

Investments

and Derivatives

Cash and cash

equivalents1/

Growth

Jun.15 – Jun.16

6%

20%

14%

3%

1/ Includes Repo And Interbank funds.

2% Other

CORPBANCA COLOMBIA│ASSETS COMPOSITION USD Billion, percentage

Analysis: Banco Corpbanca. Exchange rate 31/03/2016: $ 2,916.15. IFRS implemented as of January 2015

6.9 7.0 7.1

1.6 2.2 1.9

0.9

0.9 0.9 0.7

0.7 0.8

Jun-15 Dic-15 Jun- 16

10.15 10.80 Total Assets 10.73

Gross

Loans

Deposits

and Bonds

67%

23%

10%

42%

39%

11%

7%

CorpBanca Jun- 16

Term

Deposits

Ahorros

Checking

Acc.

Bonds

Comercial

Consumer

Mortgages

Total Banks May- 16

67%

23%

10%

49%

36%

8%

8%

CorpBanca Jun- 15

Term

Deposits

Savings

Checking

Acc.

Bonds

Commercial

Consumer

Mortgages

Savings

Commercial 58% 27%

13%

3%

32%

44%

13%

11% Checking

Acc.

Bonds

Term

Deposits

Savings

Commercial Consumer

Mortgages Microloans

COLOMBIAN BANKING SECTOR│LOAN AND DEPOSITS COMPOSITION Percentage

Source: Superfinanciera; CorpBanca’s Analysis

Commerce 17,3%

Manufacturing Industries 14,4%

Finance and insurance 10,9%

Construction 10,2%

Real state agencies 8,4%

Public services 6,7%

Transportation 4,8%

Professional, scientific and technical 4,8%

Health 3,5%

Mines and quarries 3,4%

Other 3,4%

Housing and food services 2,9%

Management services 2,7%

Other service activities 2,7%

Information and communications 2,0%

Farming 1,8%

CORPBANCA COLOMBIA│CARTERA COMERCIAL POR SECTOR Porcentaje, COP Billones

Commercial Loans March 2016

$4.90 billions

CORPBANCA COLOMBIA│COMMERCIAL LOANS BY ECONOMIC SECTOR Percentage, USD Billions

Source: Banco Corpbanca. Exchange rate 30/06/2016: $ 2,916.15

Payroll Loans 50,0%

Free- purpose 24,3%

Credit Card 12,1%

Revolving 8,2%

Vehicles 4,2% Other 1,3%

Consumer Loan Marzo 2016

$1.69 billons

CORPBANCA COLOMBIA│CONSUMER LOANS BY PRODUCT Percentage, USD Billions

Source: Superfinanciera; Banco Corpbanca’s Analysis. Loan Gross Amount includes Consumer Leasing.

Exchange rate 30/06/2016: $ 2,916.15

100%

110%

120%

130%

140%

150%

160%

170%

180%

190%

200%

jun-1

3

jul-13

ag

o-1

3

sep-1

3

oct-

13

no

v-1

3

dic

-13

en

e-1

4

feb-1

4

ma

r-1

4

ab

r-1

4

ma

y-1

4

jun-1

4

jul-14

ag

o-1

4

sep-1

4

oct-

14

no

v-1

4

dic

-14

en

e-1

5

feb-1

5

ma

r-1

5

ab

r-1

5

ma

y-1

5

jun-1

5

jul-15

ag

o-1

5

sep-1

5

oct-

15

no

v-1

5

dic

-15

en

e-1

6

feb-1

6

ma

r-1

6

ab

r-1

6

ma

y-1

6

jun-1

6

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

jun-1

3

jul-13

ag

o-1

3

sep-1

3

oct-

13

no

v-1

3

dic

-13

en

e-1

4

feb-1

4

ma

r-1

4

ab

r-1

4

ma

y-1

4

jun-1

4

jul-14

ag

o-1

4

sep-1

4

oct-

14

no

v-1

4

dic

-14

en

e-1

5

feb-1

5

ma

r-1

5

ab

r-1

5

ma

y-1

5

jun-1

5

jul-15

ag

o-1

5

sep-1

5

oct-

15

no

v-1

5

dic

-15

en

e-1

6

feb-1

6

ma

r-1

6

ab

r-1

6

ma

y-1

6

jun-1

6

SISTEMA BANCARIO│EVOLUCIÓN INDICADORES DE RIESGO Porcentaje

CorpBanca

2.53%

Total Banks

3.17%

NPLs

Non Performing Loans above 30 days over Gross Loans, percentage

CorpBanca

171.53 %

Total Banks

144.26%

Coverage

Loan Loss Allowance over Non Performing Loans above 30 days, percentage

Source: Superfinanciera; CorpBanca’s Analysis

Numbers between June 2013 and May. 2014 are an estimate of the combined banks.

COLOMBIAN BANKING SECTOR │RISK RATIOS Percentage

SISTEMA BANCARIO│UTILIDADES Mayo 2016 COP Miles de Millones

Numbers under IFRS Colombia. Source: Superfinanciera; Corpbanca’s Analysis. Exchange rate 30/06/2016: $

2,916.15

462

261

213

88 86 77 59 52 38 31 29 29 28 7 7 6 4 4 3 3 1 1 0 -1 -3

Net Income

COLOMBIAN BANKING SECTOR │RISK RATIOS Percentage

SISTEMA BANCARIO│RENTABILIDAD ROA Y ROE Porcentaje

ROA

CorpBanca

%

ROE

CorpBanca %

Total Banks

Accounting

ROA

Adjusted

ROA 1/

Accounting

ROE

Adjusted

ROE 1/

1.26% 1.06%

0.70%

1.31%

Jun-15 Dec-15

2.21% 2.02%

10.84% 8.94% 5.94%

16.54% 15.14%

0.77%

Jun-16

1.90%

6.56%

14.26%

Jun-15 Jun-16 Dec-15

1.13%

9.59% 11.41%

CORPBANCA COLOMBIA│PROFITABILITY RATIOS Percentage

Source: Superfinanciera; Corpbanca’s Analysis. Number for the average of banks as of May 2016

1/ W/o goodwill amortization

ROA: 12-month moving average profits / 12-month moving average assets. ROE: 12-month moving average profits / 12-month

moving average equity.

BANCO CORPBANCA│SOLVENCIA INDIVIDUAL

Porcentaje

1/ Total technical Equitiy / (RWA + VaR * 100/9).

2/ Goodwill is deducted from Tier 1. Tier 1 solvency ratio w/o goodwill deduction would be 11.95% and

total solvency 15.46%

9.23% 8.54% 9.34% 10.06%

Total

Capital Ratio

Tier 1

Ratio

CorpBanca

June 2016 1/

Total Banks

May 2016

13.67%

12.85%

CorpBanca

December 2015

16.04%

CorpBanca

June 2015

12.97%

CORPBANCA COLOMBIA│NON-CONSOLIDATED CAPITAL ADEQUACY RATIO1/

Percentage

MAIN BANKS IN COLOMBIA│CAPITAL ADEQUACY RATIO DECEMBER 20151/

Percentage

Source: Notes to the consolidated Financial Statements and Annual Reports

1/ Six largest banks in terms of Assets. Order high to low consolidated total solvency

2/ BBVA’s consolidated total solvency not available

7,50% 8.08% 6.92%

9.61%

6.50%

15.76%

12.97%

14.20%

11.30%

20.69%

13.51%

Bancolombia CorpBanca Davivienda Occidente Bogotá BBVA

Consolidated

Tier 1 ratio

Consolidated

Total Capital

ratio

Non-consolidated

capital ratio

12.46%

10.65% 11.70%

10.97% 12.18%

2/

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