CORPBANCA SPONSORED REG S GDR REPRESENTING COMMON (CHILE)
Sector: Foreign Regional Banks
Latest Quote @ Wed Jun 6 09:58:59 (15 min delayed)
Last Day's Data
CorpBanca SA and its subsidiaries provide a range of commercial and retail banking services in Chile. It also offers financial advisory services, mutual fund management, insurance brokerage, and securities brokerage services. The bank accepts savings accounts, checking accounts, and time deposits. It originates commercial loans, mortgage loans, and consumer loans. Mortgage loans include residential mortgages for the purchase of new and existing homes and other mortgages, which are secured by real property owned by the customer. Consumer loans include personal loans, automotive financing, and university and post-graduate education loans. The bank also offers working capital loans, letters of credit, credit and debit cards, interest and exchange rate insurance, Internet and telephone banking, and cash flow management services. It also provides leasing services relating to commercial real estate, vehicles, machinery, and other items to customers. In addition, the bank offers factoring services by purchasing customers' debt portfolios, including bills, notes, and contracts. It invests in the Chilean Central Bank, Chilean government, and corporate securities; marketable debt securities; time deposits and mortgage securities issued by BancoEstado; and time deposits in Chilean institutions. As of December 31, 2004, the bank operated through 63 branches in Chile, which include 25 branches operating under the Corpbanca name, 17 branches under the Bancondell name, and 21 integrated branches under both the Corpbanca and Bancondell names. As of the above date, it also operated 158 automated teller machines. CorpBanca SA was founded in 1871 and is headquartered in Santiago, Chile.