Presentation September 2016 CorpBanca Colombia | Nuestra Historia - PowerPoint PPT Presentation

Institutional Presentation September 2016

CorpBanca Colombia | Nuestra Historia CorpBanca Colombia | Our History The priority of CorpBanca has been to minimize the impact on its customers adjusting its value proposition, structure, processes and systems. Footprint 2014: - Assets: 9.7 Bn - Loans: 6.4 Bn - Deposits: 6.1 Bn Acquisition in Footprint 2011: - HC 1 : 3232 Colombia: - Assets: 2.7 Bn - # Branches: 170 - Helm Bank - Loans: 1.8 Bn - # Branch network: 2 - Deposits: 1.9 Bn - #Core: 2 - HC 1 : 1367 - # Branches: 77 - #Branch network: 1 Footprint 2015 2 : - #Core: 1 - Assets: 10.9 Bn - Loans: 7.4 Bn 2011 2013 - Deposits: 7.4 Bn HC 1 : 3234 - - # Branches: 173 - # Branch network: 2 - #Core: 2 2016 2012 Footprint 2015 2 3 : - Assets: 0.2 Bn - Loans: 0.1 Bn - Deposits: 0.04 Bn HC 1 : 40 Footprint 2013 1 : - - # Branches: 1 - Assets: 4.3 Bn - # Branch network: 0 - Loans: 2.5 Bn Acquisition in - #Core: 1 - Deposits: 2.4 Bn Colombia: HC 1 : 1509 - - Banco - # Branches: 80 Santander - # Branch network: 1 Colombia - #Core: 1 Source: Superintendencia & CorpBanca Colombia 1: Head Count 2: Numbers as of December 2015 3: Corporación Financiera Itaú BBA Colombia Figures in USD, constant basis @2879.95

CorpBanca Colombia | Shareholders Structure Offer to acquire the minority interest in CorpBanca Colombia Structure in Colombia CorpBanca offered to acquire 33.18% of the aggregate minority interest in  Corpbanca Colombia: Itaú Other CorpGroup Helm ‐ Corpbanca and Helm Co. did not reach an agreement on the final proposed terms CorpBanca Minoritaries and conditions for the acquisition 66.28% 12.36% 20.82% 0.54% ‐ CorpGroup has agreed to sell its shares on the proposed transaction (12.36% of the 100% total shares – aggregate offer for US$330MN 1/2 )  Itaú CorpBanca will integrate Itaú BBA Colombia in its structure 2/3 Itaú BBA Corpbanca Colombia Colombia Financial Group in Colombia Corpbanca Helm Corredor Colombia de Seguros 94.0% 94.5% 95.0% 100% CorpBanca Helm Helm Helm Bank Investment Comisionista Fiduciaria Panamá Trust de Bolsa Source: CorpBanca Colombia 1. This value accumulates interests of Libor + 2.7% per year from August 4, 2015 until the closing date 2. Pending approval from regulators 3. Book Value of Itaú BBA Colombia = COP 319.2 MMM at the end of December 31st, 2015 (equivalent to US$102 millions at an exchange rate of COP3,135.17/US$1)

CorpBanca Colombia | Board of Directors President Milton Maluhy Filho Members of the Board Members Rogeiro Carvalho Braga 1/ Gabriel Amado de Moura 1/ Juan Echeverría González Carmiña Ferro Iriarte Rafael Pardo Soto Roberto Brigard Holguín* Luis Fernando Martinez Lema* Mónica Aparicio Smith* (*) Independent Board Members 1/ Members pending possession before the Superintendencia Financiera Source: CorpBanca Colombia. Date November 1, 2016

CorpBanca Colombia | Senior Management Structure Board of Directors Audit Committee CorpBanca Chief Executive Officer Jaime Munita Ctry Controller Juan I. Castro Compliance Carlos Díaz Communications, Institutional Relations and Sustainability Carolina Velasco Wholesale Treasury IT CRO CFO Operations Legal Human Retail & Resources Compliance TBD Derek Lilian Rocío Edson Silva María Cristina Liliana Suarez Dolly Murcia Andrea Arizala Claudia P. Sassoon Barrios Vandame Vélez Source: CorpBanca Colombia:

CorpBanca Colombia | Risk Ratings CorpBanca Colombia has an Investment Grade rating of BBB-, and two local ratings of AAA in Colombia S&P FITCH Moody´s BBB / Negative BBB / Negative Baa2 / Stable Colombia Sovereign Jul./2016 Feb./2016 May./2016 Banco CorpBanca Colombia BBB- / Negative IDR (Issuer Default Rating) Sep./2016 Banco CorpBanca Colombia AAA / Stable AAA / Stable Local, Long-Term Apr./2016 Abr./2016 Main Aspects of IDR • • Viability Rating drives IDR Good Asset Quality • Negative trend explained by Colombia’s • Limited Margins Underpins Profitability • operating environment Stable, Moderately Concentrated Funding • • Adequate Capital ratios although lower than Uneventful Integration international peers Source: CorpBanca Colombia, rating agencies, FitchRatings, INC

CorpBanca Colombia | Highlights Bank #6 in Colombia, with 572 thousand clients and presence in 23 cities locally and one in Panama. Regional footprint & main indicators CorpBanca Colombia Sep 2016 1 2016 1 CorpBanca Colombia MS: 6.0% #Player: 6 Gross Loans TIER I: 9.66% 7,568 USD MM Total capital ratio: 12.69% NPLs: 3.3% 2 Net Inc. FY15: USD ~ 110.8 MM Deposits 6,823 Net Inc. ‘ 3Q/16: USD ~ -0.61 MM USD MM # Clients 573 (thousand) 3 # Head Count 3,721 # Branches 171 # ATMs 179 Source: CorpBanca Colombia, 1:Numbers as of September/2016 2: Deposits include Checking and Savings accounts and Term Deposits 3: HeadCount includes Panamá

CorpBanca Colombia | Assets and Liabilities growth and detail Inorganic Growth given merger between CorpBanca and Helm Detail Liabilities (USD Bn) 1 Detail Assets (USD Bn) %∆ %∆ %CAGR %CAGR 12’ - 16’ 12’ - 16’ 16’ - 15’ 16’ - 15’ 3 years 3 years %CAGR %CAGR 14,3% 1,7% 14,0% 1,9% 11% 11% 11.1 10.5 20% Other Assets 9.8 7,4% 9.6 9.7 18% Other Liabilities 5,8% 8.6 Bonds 7,7% 15% 8.8 7.3 7.3 6.5 Net Loans & 9% 64,8% Leases Deposits 69,5% 7% 4.3 3.3 3.2 2.9 18,7% 14% Investments Deposits with Cahs & Due 17,0% 38% Banks 9,1% 19% from Funds 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Before merger Source: Superintendencia & CorpBanca Colombia Numbers as of September/2016 1: Equity not included Figures in constant basis @2879.95

CorpBanca Colombia | Gross Loans by Type Evolution Commercial loans represent 66.8% of total loans. Total loans grew 2.8% in the past 12 months. Loans and Leases Mix (USD Bn) % YoY Growth Peer CorpB $17.3 Bn $8.9 Bn $19.2 Bn $13.4 Bn $7.6 Bn $58.9 Bn $130.0 Bn 3,7% 4,6% na 3.4% 10,4% 14,6% 12,8% 22,0% 24,3% 17.4% 6.2% 18,7% 25,9% 22,8% 25,8% 27,4% -0.5% 15.0% 26,0% 34,9% 76,0% 70,4% 66,8% 59,3% 6.3% 3.4% 56,9% 51,9% 40,8% Peer 1 Peer 2 Peer 3 Peer 4 C Peers Sist. 10.0% 2.8% Morgages Consumer Loans Other Loans Commercial Loans Source: Superintendencia & CorpBanca Colombia Numbers as of September 2016 Figures in constant basis @ 2879.95

CorpBanca Colombia | Credit Risk Ratios More conservative policies, than those of the average of banks, maintain permanently higher levels of LLP over PDL Loan Loss Provisions / Gross Loans (%) 4.7 4.7 4.6 4.5 4.4 4.4 4.4 4.4 4.4 4.4 4.3 4.3 4.0 3.9 3.8 3.7 3.6 3.6 CorpBanca Total Banks Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 NPLs 30 days (%) Coverage (%) 1 186 3.3 174 174 171 172 3.2 169 3.1 164 161 3.1 3.0 3.0 3.0 3.0 156 2.9 150 151 2.8 147 144 146 144 145 144 143 2.5 2.5 2.4 2.3 2.2 2.1 2.1 2.1 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 CorpBanca Total Banks CorpBanca Total Banks Source: Superintendencia & CorpBanca Colombia, 1: Loan Loss Provisions / Past Due loans above 30 days

CorpBanca Colombia | Funding Detail and Evolution Liquidity convergence plan in place towards Itaú Unibanco standards. As a result higher share of Time Deposits than Industry. Funding Mix (USD Bn) % YoY Growth $17.7Bn $7.9 Bn $18.4 Bn $14.7 Bn $7.6 Bn $58.6 Bn $126.5 Bn Peer CorpB 5,8% 11.7% 38.5% 10,1% 10,0% 10,6% 10,9% 11,4% 17,4% 30,4% 34,0% 43,8% 35,8% 36,4% 37.5% 30.9% 35,4% 52,9% 19,1% 12,1% 17,5% -3.6% -12.9% 13,1% 11,2% 8,0% 7,5% -0.9% -25.9% 41,2% 39,9% 39,2% 39,3% 39,1% 38,3% 29,6% Peer 1 Peer2 Peer 3 Peer 4 Co Peers Sist. 9.1% 3.9% TD’s Checking Account Bonds Saving Source: Superintendencia & CorpBanca Colombia, Numbers as of September 2016 Figures in constant basis @ 2879.95 DDA: Checking Accounts

CorpBanca Colombia | Liquidity CorpBanca sufficiently fulfills regulatory indicators and maintains a ratio of Net Loans over Funding below one. The bank is in the process of aligning limits and standards with those of Itaú Unibanco. Liquid Coverage Ratio (IRL) USD BN) 2.5 2 1.5 IRL 7 Days IRL 30 Days 1 IRL 90 Days 0.5 0 Ratio between Loan Portfolio and Funding (%, USD MM) 1 99.0% 97.0% 95.5% 96.5% 95.5% 95.1% 89.2% 90.3% 92.2% 7.9 8.0 7.7 7.6 7.3 7.2 7.2 7.1 7.1 7.1 7.1 7.0 7.0 6.8 6.7 6.6 6.4 6.3 Net Loans Deposits Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dic-15 Mar-16 Jun-16 Sep-16 Source: CorpBanca Colombia, 1: Funding: Savings and Checking accounts, Term Deposit and Bonds

CorpBanca Colombia | Capital Ratios Since 2012 CorpBanca has reinvested its net profits. It has a higher consolidated regulatory capital ratio than its peers. Non-consolidated regulatory capital ratio Sep. 16 (USD MM, %) Consolidated regulatory capital ratio Jun.16 1 (%) 12.8% 19.87% 17.37% 1,151 1,182 9.7% 3 279 Non-consolidated 252 14.59% 12.85% 13.20% 900 13.05% 12.63% 11.80% Tier1+Tier2 12.38% 12.40% Consolidated 9.82% 9.02% 8.50% Tier 1 7.40% 6.78% Consolidated Bancolombia Bogotá Occidente CorpBanca Davivienda Tier Good will Tier 1 Subordinated Other Regulatory 1/Deductions Debt Capital Source: Superintendencia & CorpBanca Colombia 1: Source: Annual reports of each bank. Figures in constant basis @ 2879.95