CORPBANCA A MAJOR PLAYER IN THE COLOMBIAN MARKET

October 2012

CORPBANCA

TODAY

3

Strong track record of robust growth with profitability

The fastest growing bank in Chile

# 1 private bank in growth by loans in Chile: 15% CAGR ’06 – ’11 (34% in the last 12 m period)

4th largest private bank in Chile // 8.36% market share as of Aug-12 (358 bp gain organically in the last 10 yrs)

9th largest bank in Colombia // 2.97% market share as of Jul-12 (27 bp gain in the last 7 months)

Leader in efficiency and risk management in Chile

Efficiency ratio (Oper. Expenses / Avg Assets): 1.5% vs. 2.2% of the Industry (Aug-12)

Best Risk Index* among main banks: 1.7% vs. 2.3% of the Industry (Aug-12)

National network coverage in Chile and Colombia

CHILE: 256,300 clients, 121 branches, 436 ATM and internet banking

COLOMBIA: 298,500 clients, 85 branches, 108 ATM

Potential access to ~5,000,000 clients and to the largest retail network in Chile (~600 stores) through SMU alliance

Competitive advantage in consumer loans across customer segments with low acquisition cost, low transaction cost and low provisions

Current strategy leverages from all CorpGroup´s companies, taking advantage of the variety of products to offer of added value proposals to our customers, employees and suppliers

Highest standard of corporate governance Listed BCS (2002) and NYSE (2004)

Investment grade: “BBB+” in the global scale (Standard & Poor’s and Moody´s)

Controlling Group with LatAm banking management experience

*Risk Index = Loan loss allowances / Total Loans // Note: Figures expressed in USD were converted at CLP 479.72/USD

CORPBANCA

UNIQUE GROWTH STRATEGY

5

Outstanding performance with high growth and profitability

Remarkable increase in loan market share over the years Net income at record levels

Leader in efficiency Sustained healthy asset quality

Source: SBIF, CorpBanca // * As of Aug-12

4.16 4.29 4.78

5.40

6.25 6.46 6.35 6.31 6.82 7.04 7.27 7.30

7.75 8.36

10.00

2,00

3,00

4,00

5,00

6,00

7,00

8,00

9,00

10,00

Dec

-99

Dec

-00

Dec

-01

Dec

-02

Dec

-03

Dec

-04

Dec

-05

Dec

-06

Dec

-07

Dec

-08

Dec

-09

Dec

-10

Dec

-11

Au

g-1

2

Au

g-1

2

%

Ch

ile +

Co

lom

bia

∆+ 352 bp

0.5 4.5

-6.9 -4.5

14.7

28.4 35.5

50.1 50.8 52.6

39.1 51.1

56.3

85.1

119.0 122.9

71.7

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

*

(Figures in Ch$bn)

82.0

98.8 91.3

78.7

59.3

47.6 38.8 38.2 39.8 39.9

50.1 52.6 46.1

39.0 38.1 41.2 49.8

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

* Cost / Income (%)

3.1

2.6

3.2

2.5 2.2 2.2 2.2 2.1

1.7 1.6 1.4 1.3

1.5

1.9 2.0

1.5 1.4

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

*

Loan loss allowances / Total loans (%)

CORPBANCA

CROSS-BORDER EXPANSION

7

1 2 3

4 5 6

7 8 9

Cross-border expansion in the

region

Superior value proposition for high net worth

clients

Risk management to favor high

returns

STRATEGIC

PRIORITIES

Consolidate a financial retail operation for

individuals segments

Increased cross-selling in corporate

banking Leadership in cost and operational

efficiency

Leadership in service quality

Human talent as key driver to compete in competitive

markets

Synergy leverage within CorpBanca’s and throughout its sister companies

CorpBanca’s strategic priorities defined in 2011

COLOMBIA

WHY EXPAND IN THIS MARKET?

9

378

292

100

150

200

250

300

350

400

Strong macroeconomic fundamentals

Real GDP growth Nominal GDP 2012E (US$bn)

Inflation FDI (US$bn) Sovereign rating and risk* (bps)

1,7%2,5%

3,9%5,3% 4,7%

6,7% 6,9%

3,5%

1,7%

4,0%

5,9%4,7% 4,4%

(4)%

(2)%

0%

2%

4%

6%

8%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E

Colombia Chile Advanced economies

Colombia did not enter recession during the financial crisis

Source: IMF, World Economic Outlook as of April, 2012 Source: IMF, World Economic Outlook as of April, 2012

4.5% Long term

GDP growth 4.2%

4,2%

3,0%

4,5%

3,0%

Avg.'07-'11 Avg.'12E-'16E

Source: IMF, World Economic Outlook as of April, 2012 Source: J.P. Morgan as of June 2012 Source: Bloomberg, as of September 6, 2012. * 5 years term.

1715

14

9

2011 2012E

90

106

BBB-

Baa3

BBB-

A+

Aa3

A+

“Positive” Outlook <12 m after investment grade upgrade

Colombian economy is more resilient

10

20

40

60

80

100

5 6 7 8 9 10 11 12 13 14

Attractive market size and population dynamics

Total population (mm) GDP per capita growth

Consumer spending evolution (US$/capita) Unemployment and formalization

Source: IMF, World Economic Outlook as of April 2012

100%

120%

140%

160%

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

Chile Colombia GDP per capita 2012E (US$)

15,453

Source: IMF, ILO, EIU Note: Data as of December 2010. Unemployment reflects average rate during the year

Increase in formal sector size expected to channel significant resources to the financial system

8,027

Unemployment(%)

2,235

3,928

5,867

2005 2010 2015E

Colombia

4,228

6,665

9,778

2005 2010 2015E

Chile

Source: Planet Retail

46.0

17.4

1.2% 1.0% Avg. Growth

rate ’12E-’17E

Source: IMF, World Economic Outlook as of April, 2012

Form

aliz

atio

n (%

)

11

Colombia’s financial sector remains underpenetrated with wide room for further depth and sophistication

Loan portfolio (% GDP) Deposits (% GDP) ATM’s and branches per

1,000 inhabitants

Source: Superintendencia Financiera de Colombia. Superintendencia de Bancos e Instituciones Financieras de Chile

Loans/GDP elasticity ( Avg 2008 - 2011)

86,3%

43,4%

10%

30%

50%

70%

90%

110%

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

Chile Colombia

Colombia pre ’99 crisis level

1,1 1,6 1,6

0,4

2,4 2,6

1,8 1,8

Consumer Housing Checking Accounts Term deposits

Chile Colombia

42,0%

8,9%

17,0% 17,8%

8,4% 2,7%

Commercial Consumer Housing

Chile Colombia

16,8%

42,3%

5,4%

21,7%

Checking accounts Term deposits

Chile Colombia

58,7

14,9

29,6

14,3

ATM's Branches

Chile Colombia

Source: IMF, World Economic Outlook as of April 2012

Source: Superintendencia Financiera de Colombia. Superintendencia de Bancos e Instituciones Financieras de Chile

Domestic credit provided by banking sector (% GDP)

HELM BANK + CORPBANCA COLOMBIA

TRANSACTION RATIONAL

13

Previous acquisition is a strong platform to capitalize on market opportunities

Sound financial profile

Growing ROE and ROA

Well diversified loan portfolio

Large customer base

High reciprocity

Healthy asset quality

High NPL Coverage

Strong risk and control policies and governance

Potential to generate synergies given CorpBanca’s strong track record in Chile

Product portfolio

Increasing client base (Chilean companies entering the Colombian market)

Efficiency ratios

Funding costs

CorpBanca has a proven track-record in a more sophisticated market, which will be key in the next stage of its new operation in Colombia

Colombian Tax Law provides tax benefits through goodwill amortization

US$mm Jul 2012 MkSh/Rank

Total assets 5,177 2.6% / #12

Total loans 3,410 3.0% / #11

Total deposits 3,342 3.0% / #11

ROAA 1.4% #9

ROAE 17.4% #9

Efficiency ratio 57.5% #8

PDLs/Gross loans 1.7% #1

Reciprocity 16.2% #5

BIS ratio 13.4% #8

N° Branches 77 #11

N° Employees 1,250 NA

CorpBanca Colombia Key Highlights

Loan portfolio Funding

Consumer 34.2%

Housing 6.1%

Commercial 59.7%

Time deposits

47.0%

Saving accounts 19.4%

Checking accounts

13.8%

Borrowings 13.7%

Bonds 4.1%

Other 2.0%

14

Helm Bank: probably the last sizeable franchise available in Colombia

Broad range of products and services for individuals and corporates

Deep/consolidated relationships with most large corporates

Leading player in the high-income market segment

Relevant private banking franchise

Strong brand recognition

Award-winning customer service

Leader in Customer Satisfaction for 5 consecutive years

Leading customer’s loyalty rate for the last 3 years

Specialized Global Business Segment (Asia-Pacific region)

Conservative risk management

Healthy asset quality

High NPL Coverage

Diversified loan portfolio by borrower and sector

Significant room to improve profitability

US$mm Jul 2012 MkSh /Rank

Total assets 6,643 4.0%/#8

Total loans 4,610 4.1%/#7

Total deposits 4,510 4.4%/#8

ROAA 1.2% #11

ROAE 11.6% #11

Efficiency ratio 63.9% #10

PDLs/Gross loans 2.1% #4

Reciprocity 10.6% #11

BIS ratio 11.7% #11

N° Branches 89 #9

N° Employees 2,159 NA

Loan Portfolio Loan portfolio

Consumer 14.7%

Housing 9.2%

Commercial.76.1%

Funding

Time deposits

34.0%

Saving accounts

40.7%

Bonds 10.3%

Other 1.0%

Checking accounts

8.5%

Helm Bank Key Highlights

Borrowings 5.6%

15

Fuente: Superintendencia Financiera de Colombia Nota: Aval es la suma de Bogota, Occidente, Popular y AV Villas; GNB Sudameris y HSBC se consideran juntos; Scotiabank y Colpatria se consideran juntos.

Activos

3 2 1 4 5 6 7 8 9 10 11

Utilidad

Cartera de Crédito

Depósitos

Créditos Comerciales

Créditos de Consumo

Créditos y Leasing Hipotecario

Cuentas Corrientes

Cuentas de Ahorro

Depósitos a Plazo

Cartera Morosa/Cartera Total

Provisión/Cartera Morosa

Margen de Interés Neto

Ingreso No-Interés/ Ingreso Total

Ratio de Eficiencia

ROAA

ROAE

6.6%

3.8%

6.8%

6.8%

8.0%

5.4%

5.7%

5.4%

5.5%

11.7%

2.1%

198%

4.0%

40%

61%

1.4%

13.7%

Plataforma

relevante y

de escala

Cartera de

Crédito

atractiva

Oportunidad

para

optimizar el

funding

Calidad de

activos

sobresaliente

Mucho

espacio para

mejorar

eficiencia y

rentabilidad

Helm Bank may be the last sizeable franchise available in Colombia

16

The business combination of both entities would have a solid strategic rationale

Creation of a prominent market player

... benefiting from complementary operations

2

… and providing attractive shareholder returns

3

1 • Large scale across all business lines, with a balanced business mix focused on commercial

and retail operations

– The combined entity would become the 5th largest banking group in Colombia significantly narrowing the gap with market leaders

– Difficult position to achieve via organic growth in short time

– Larger scale entails systemic risk, improving combined risk outlook

• Complementary platforms in client segments, products, services and expertise (skills/know how)

– CorpBanca Colombia: Consumer lending, mortgages, reciprocity level, treasury activity, governance standards

– Helm: Corporate and high income segments, client service, offshore products, housing leasing

• Good reputation and brand positioning (Helm owns the brand “Crédito”)

• Leverage of CorpBanca’s strong expertise in a deeper and more sophisticated market

• Large value creation potential, substantial NIM and cost synergies

• CorpBanca has an outstanding track record increasing penetration, market shares, efficiency and profitability

OPPORTUNITIES

SYNERGIES AND VALUE CREATION

18

Higher rating to reduce funding cost and bargaining power as a larger sized bank

Cross-selling opportunities between Helm and CorpBanca’s clients segments, e.g.

• Products: housing leasing

• For corporates: fees from loan syndication

• Wealth mng’t: offshore offering through Panama and Cayman

Synergies and Value Creation Opportunities Three drivers of synergies

Revenue synergies

Expenses synergies

Tax synergies

Significant tax benefits derived from acquisition structure

Closing of overlapping branches

Management team optimization - blending of the best

Personnel and back office streamlining

CorpBanca low cost IT model implementation

US$80-110 mn

Description Est. pretax

impact / yr*

* Estimations at steady-state, ramp up in ~3 years

US$50-60 mn

US$25-35 mn

19

CorpBanca vs. Banco Santander as parent company

CorpBanca benefits from CorpBanca Banco Santander S.A.

Similar Issuer Credit Rating on the global scale

BBB+/A-2/CW Neg BBB/A-2/Negative

Better Sovereign Credit Rating for its main operation environment

A+/A-1/Positive BBB-/A-3/Negative

Colombian market is strategic => Long term investor Not strategic => divest

Full commitment Colombian subsidiaries rebranded t o “CorpBanca”

Also committed

No credit limits restrictions => Better position to satisfy customer needs // CorpBanca track record to grow organically

=> Many segments restricted // Inability to expand MkSh organically

Experienced Controlling Group Track record of LatAm regional presence

Track record of global presence

TRANSACTION

DESCRIPTION AND IMPACT SUMMARY

21

Transaction Structure

Considers the legal vehicles required to serve high income segments and corporations

Additionally includes the stock brokerage company and the trustee company

Helm Bank Miami does not plays an important or critical role on Colombia strategy. Its a community bank with just few common customers

Companies included

Helm Colombia

Helm Panamá

Helm Cayman

Helm Stock Brokerage

Helm Trustee

Helm Insurance Brokerage

Companies not included

Helm Bank USA

Helm Investment Bank

Rep offices in LA banks

Non bank subsidiary

Bank subsidiary

22

Transaction summary

Key factors Description

Total acquisition valuation • US$1,300 million: US$1,278.6 mn for the bank, US$ 21.4 mn for ins. broker

Acquiring entity • CorpBanca Colombia

Payment • US$ 1.278,6 million in cash, paid by CorpBanca Colombia

Financing in Colombia

• Capital raise in CorpBanca Colombia of ~US$ 1,000 mn: US$ 285 mn to come from CB Chile, US$ 260 from third party investors and US$ 440 mn from current Helm controllers

• CorpBanca Colombia’s own resources of US$ 300 mn

Financing in Chile • Capital raise in CorpBanca Chile of US$ 600 mn (including the recently

announced capital commitment of IFC)

Approvals • Regulatory approvals requires in both countries (Colombia and Chile)

Agreement execution date • October 9, 2012

Settlement expected date • 1Q 2013 (following regulatory approvals and capital increases)

Expected impact • Increase in CorpBanca´s EPS due to strong synergies and growth • CorpBanca Chile´s BIS Ratio 12.7% // CorpBanca Colombia BIS Ratio: +17% • Regulatory limit (art. 80) would be adequately complied

Resulting property structure changes

• CorpBanca Chile will own ~64% of new CorpBanca Colombia merged bank • Controlling Group will maintain over 55% controlling equity in CorpBanca

For US$1.3 bn P.P. Helm Bank’s Acq. Colombia bank avg.

P / BV 1,63x 1,8x

P / E 14,2x 14,8x

P / Mkt Share US$ 310 mn US$ 460 mn

23

Disclaimer

This Presentation contains forward-looking statements, including statements related to the planned acquisition of Helm Bank and the timing thereof. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “forecast”, “target”, “project”, “may”, “will”, “should”, “could”, “estimate”, “predict” or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to CorpBanca concerning anticipated financial performance, business prospects, strategies and regulatory developments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release and CorpBanca does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Contact

Claudia Labbé Manager Investor Relations +56 (2) 660 2699 Rosario Norte 660, 10th Floor, Las Condes Santiago - Chile claudia.labbe@corpbanca.cl