Itaú Corpbanca Institutional presentation- December 2020 – Individual statements 1. About Us

DGA | Informação de Uso Interno Itaú Colombia - December 2020 Our regional presence reinforces the local value Universal bank | 95 years of history | Largest bank in Latin America1

Market value3 Total Assets3 Credit portfolio3 ROE4 Net income4 Tier I capital3 Brazil’s most valuable² brand US$45,9 bn US$379,8 bn US$148,5 bn 13,5% US$0,8 bn 12,1% US$6,1 bn

Present in 18 countries Universal banking Other operations Approximately, 56 million Retail clients

349 k Rest of the world direct shareholders 1 2 3 4,5 k Alemania branches and PABs Bahamas Latam Cayman 95 k Argentina España employees Brasil EEUU Chile Francia 46 k Colombia Portugal ATMs México 1 Reino Unido Suiza Paraguay

Perú 1 Corporate & Private Uruguay 1 2 Asset Management 3 Investment Banking Banking 3 Source: Itaú Unibanco Exchange rate of USDBRL 5,21. 1- Largest bank in market value. 2- 2019 Interbrand Ranking. 3-June 2020. 4- In 2Q20 Itaú Colombia - December 2020 Highlights Itaú Colombia .Seventh bank, ranked by assets .4,0% market share in loans as of November 2020 .2.695 employees .112 branches .+7.000 non-bank correspondents .142 ATMs .395 thousand clients .Geographic presence in 28 domestic locations1, and in Panama

Financial Ratios Highlights Coverage 90+ 209,95% Total Assets COP 8,01 billones Total Loans COP 5,29 billones NPL 90 days 2 3,66% Stockholders’ Equity COP 0,77 billones IRL 30 days 269% Net Income 2019 USD 28,4 million Tier I 9,00% Net Income 2Q20 USD 6,3 million Total capital ratio 13,40% Risk Ratings AAA (local - BRC S&P)

4 Source: Superintendencia Financiera & Itaú Colombia 1- Includes cities and municipalities. *Individual statement Itaú Colombia - December 2020 Group Structure in Colombia We maintain the group’s structure with Itaú CorpBanca in Chile as our parent company and Itaú Unibanco in Brazil as controlling shareholder

Itaú CorpBanca Colombia Itaú Saieh Family 2 IFC Others Unibanco 1

39.2% 3 27.6% 3.3% 29.9%

94.0% Itaú Fiduciaria

94.5% Itaú Securities Services Itaú CorpBanca CorpGroup Minority

95.0% Itaú Comisionista 87.1% 12.4% 0.5% de Bolsa

100% Itaú (Panama)4

Itaú Corredor de Itaú CorpBanca Seguros 5 Colombia

Source: Itaú Chile, Itaú Colombia 5 1-Includes 3.651.550.022 shares owned by Saga III SpA that are under custody. 2- Includes 508.725.981 shares owned by Cía. Inmobiliaria y de Inversiones Saga SpA that are under custody. 3- Since April 2016 Itaú Unibanco increased it´s participation by 4.56%, percentage sold by the Saieh Family according to what was established in the Shareholder´s Agreement; 4- Itaú (Panama) has international license. Itaú Colombia - December 2020 Our way │ Sustainability Strategy We have defined a corporate culture made of seven attitudes that drive all of our activities

1 Ethics are non-negotiable Our sustainability strategy is oriented towards value creation, culture, and innovation, by means of three work fronts; sustainable financing, responsible environmental management, and financial education. 2 It’s only good for us if it’s good for the client

3 We’re passionate about performance

4 We think and act like owners

5 People mean everything to us

6 Simple. Always

At the base of this scheme, the Management and Sustainability report is our channel 7 The best argument is the one that matters to be accountable, and through volunteering we mobilize the socio-environmental impact with our employees

6 Itaú Colombia - December 2020 Strong Corporate Governance supports the strategy

Board Chile Audit Committee

Itaú CorpBanca CEO CAE Emerson Bastián Gabriel Moura

CFO CRO Treasury Marketing & Products Colombia Wholesale Retail Human Resources Legal & IT Operations Rodrigo Compliance Mauricio Pedro Luciana Hildebrandi Baruc Saez Christian Julián Marcela Jiménez Luis Jorge Novis Couto Baeza Silva Tauber Acuña Cristián Toro Rodrigues

BoardColombia

Itaú CorpBanca Colombia CEO Baruc Saez

CFO CRO Treasury Franchise, Products & Compliance Wholesale Retail Human Resources Legal & General IT Operations Digital Secretary Juan Pablo Juan Ignacio Daniel Carlos Jorge Hernando María L. Ospina Bernardo Liliana Suárez Michelsen Castro Brasil Ignacio Giraldo Díaz Villa Osorio Dolly Murcia Alba

Board Colombia Audit Committee Matrix reporting to CEO Chairman: Gabriel Moura Mónica Aparicio Colombia and functional reporting to ITCB Cristián Toro Roberto Brigard Holguín Juan Echeverría González Juan Echeverría González Functional reporting to Mónica Aparicio Smith1 Diego Fresco CEO Colombia and matrix reporting to ITCB for Roberto Brigard Holguín1 coordination of specific topics

7 1- Independent Directors according to Law 964 of 2005. 2. About the business

DGA | Informação de Uso Interno Itaú Colombia - December 2020 Milestones The bank successfully completed the milestones set since 2016 and continues following the strategic plan

People And Corporate Digital Technology Brand Risk Management . Governance . Bank digitalization . Introduction of the Itaú brand Implementation of new auditing model . Itaú model for risk management . Introduction of Itaú culture . Investment in digital channels . End in use of brands Helm and Corpbanca . Contingency and crisis management . Implementation of performance model . Offer of digital products model . Investment in awareness . Consolidation of headquarters . Wholesale and Retail plans . Implementation of DRP . Appropiation of Itaú culture and values . New strategy for technological merger . Cybersecurity . Incorporation of Itaú BBA . Migration of Corpbanca towards Itaú . AML/CFT . New Corporate Governance model . End of data processing with third party . Wholesale and Retail credit policies . End of arbitration between . Relocation of data centers shareholders

Sustainable performance in the long term 9 Itaú Colombia - December 2020 Customer segmentation Simplified, with a differentiated value offer

Individuals Companies

Corporate and Private Bank Institutional

Enterprises Personal Bank SME

Itaú Branch Offices Microenterprises

10 3. Financial Highlights

DGA | Informação de Uso Interno Itaú Colombia - December 2020 P&L – Net result Our P&L reflects the current macroeconomic conditions impacted by COVID-19 and non recurrent ítems.

Net Income (COP Bn)

Variación 12M

-12% -22%

+67% -29% 165 77 -897 346 -697 1.786 -1.122 -8%

+2% -929 -570

-401 384

Net income from IngresosInterest Carteraincome y Gasto intereses y Ingreso neto Comisiones netas Otros ingresos Provisiones netas DeterioroNon financial Otrosasset GastosAdministrative generales Gastos personal Impuesto de Renta Resultado Neto Interest expenses investments and Fees Other income Cost of credit Pay-roll expenses Income tax Net Income / Loss (LoansLeasing and Leasing) otros pasivos inversiones y operacionales de recuperación ActivosImpairment no expenses derivadosderivatives Financieros

12 Itaú Colombia - December 2020 Goodwill and other intangibles impairment Itaú is redirecting it’s income generation towards recurring sources and more profitable businesses, aligned with it’s strategy of sustainable profitability in the long term.

(COP MMM, %)

During June 2020 a non recurring item was recorded with the impairment of goodwill and other intangibles for business merger , based on the -724 impact of the pandemic on the macro forecast -749

-311 305

-5 -14

Goodwill Other intangibles Current Other Deferred income tax Net Income Tax taxes

No material impact on Does not affect liquidity No change in credit solvency rating

Same commitment from Itaú in Colombia

13 Additional provisions related to COVID -19 COP 308 Bn

As determined by the Superintendencia Financiera de Colombia, “Banks will have to constitute an additional general provision based on an estimate of the potential deterioration of the loan portfolio, associated to the current economic situation and as an added coverage mechanism”. Circular 022 - SFC

COP 308 Bn 8% of the loan Portafolio Proactive provision accounting Itau will continue to work Additional provision expense renegotiated under the Debtor allow to reach a coverage close towards generating value and (COVID-19) accounted during relief program (Plan de apoyo to 200% over PDL – 90 days, in supporting our clients during October 2020 al deudor - PAD) line with the sector. the time of the pandemic through the debtor relief program (PAD). Itaú Colombia - December 2020 Liquidity Management under International Standards A strong liquidity management complying with Basel III principles leads to a domestic ratio above 200%

Liquidity-Risk index IRL 30 days (%)

503% 467% 473% 445% 435% 437% 430% 414% 409% 395% 388% 386% 356% 350% 323% 324%

281% 278% 276% 269% 254% 230% 234% 232% 237%

100% Regulatorylimit

12 2018 01 2019 02 2019 03 2019 04 2019 05 2019 06 2019 07 2019 08 2019 09 2019 10 2019 11 2019 12 2019 01 2020 02 2020 03 2020 04 2020 05 2020 06 2020 07 2020 08 2020 09 2020 10 2020 11 2020 12 2020

15 Itaú Colombia - December 2020 Asset structure Focus is to increase the relative size of retail banking to reach a mix closer to the industry average.

9,00 50,00% Asset Structure (COP Tn, %) Dec-19 Dec-20 YoY -1%

8,00 8,12 8,01

0,00% 7,00 Mix gross loan portfolio by type(%)

6,00 -4% Commercial Consumer Mortgage

-50,00% 15% 5,50 5,00 5,29

4,00

-100,00%

3,00 20%

29% 2,00

-150,00% 1,86 -3% -40% 1,44 66% 1,00

0,75 0,43 0,41 0,45 0,00 -200,00% Total Assets Loan Portfolio (Net) Investments and derivatives Cash and Equivalent Other assets

16 1.335.201 Cartera con PAD 1(7% cartera) Saldo de la cartera con PAD. Mayorista Personas Pyme Redefiniciones que aplicaron desde el 1 2 572.356 558.942 203.903 de agosto 2020. 5%Itaú Colombia - December 2020 8% 28% 123COVID Clientes -19 Relief14.658Clientes program 452 Clientes Itau has implemented a comprehensive relief program towards its most impacted clients to guarantee a long term risk management Perfil de riesgo cartera con PAD Distribución de la cartera COVID Risk Profile Debtor Relief Program (PAD)

17,969, 1% 21,807, 2% WholesaleMayorista RetailMinorista 169,731, 592, 0% 8% of the loan portfolio renegotiated under the Debtor 4% 2% Al día 13% 5% 2% Relief Program (PAD) 13%11% 16%15% 1 a 15 • Commercial 8% 40%43% • Consumer 11% 16 a 30 50% 51% • Mortgage 7% 31 a 90 33%33% mayor a 90 43%40% 1,125,099, 84%

Grupo 1 Grupo 2 Grupo 3 Grupo 4 First relief program* (Expired on July 2020)

1 No material impact from COVID-19

2 Partial impact from COVID-19

3 Impacted by COVID-19 and its risk level may be high

4 Was non-performing before COVID19 Commercial Consumer Mortgage Total

17 *Source: Superintendencia Financiera & Itaú Colombia Itaú Colombia - December 2020 Credit-Risk ratios Focus on long term risk management to minimize the COVID -19 related impact during 2021

Total NPLs 90+ (%) Total Coverage (%) Cost of Credit (Quarterly) (USD millions, %)

2,0% 600 0 4,0% 4,1% 4,0% 207%

500 3,7% 3,7% 0 3,4% 169% 210% 153% 400 149% 150% 0 3,30% 3,31% 300 0,6% 3,19% 3,24% 0,5% 0,5% 3,09% 0,4% 0,5% 0,5% 0,4% 0 200 406

0 Dec-19 Dec-20 100 Dic-19 Mar-20 Jun-20 Sep-20 Oct-20 Dic-20 132 DecDic-19-19 Mar-20 Jun-20 Sep-20 Oct-20 DecDic-20-20 80 113 111 92 96 88

0 0 Itaú Sector 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 Itaú Sector Costo de Crédito Costo de Crédito/Promedio Cartera

Commercial NPLs 90+ (%) Consumer NPLs 90+ (%) Mortgage NPLs 120+ (%)

2,7% 2,6% 3,9% 4,6% 4,6% 4,6% 3,7% 3,7% 2,2% 2,1% 3,6% 3,6% 4,2% 3,6% 4,0% 2,5% 2,5% 2,6% 3,9% 1,7% 3,9% 3,5% 3,9% 1,9% 3,4% 3,7% 1,7% 3,3% 3,4% 3,5% 3,6% 1,5% 3,1%

DecDic-19-19 Mar-20 Jun-20 Sep-20 Oct-20 DecDic-20-20

DecDic-19-19 Mar-20 Jun-20 Sep-20 Oct-20 DecDic-20-20 DecDic-19-19 Mar-20 Jun-20 Sep-20 Oct-20 DecDic-20-20 Itaú Sector Itaú Sector Itaú Sector

Source: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3.284,3 per USD as of December 31, 2019 18 1- Loans past due over 90 days for Commercial an Consumer portfolios, and 120 days for Mortgage portfolio. Itaú Colombia - December 2020 Balance Sheet - Liabilities The Bank maintains it’s focus on structural funding

8,00 400,00% Liabilities Structure Jun-20 (USD billion, %) Dec-19 Dec-20 YoY 2%

7,00 7,23 7,07

300,00%

6,00 Composition of Deposits Jun-20 (%)

200,00% Savings Checking Term deposits Bonds 5,00 2% 18% 4,58 4,65

4,00 100,00% 37%

3,00

0,00%

2,00 9%

1,45 -100,00% 1,33 1,00 -46% 33%

0,86 336% -17% 101% 11% 0,46 0,08 0,34 0,10 0,08 0,12 0,25 0,00 -200,00% Total Liabilities Deposits Repurchase Foreign entities Rediscount Derivatives Other Liabilities agreements

19 Itaú Colombia - December 2020 Capital ratios The regulatory capital ratio remains stable and adequate

Capital structure (COP billion) Capital ratio Itaú vs Peers (%) 4% 17,8 13,4 11,4 Supplementary capital 6,8 Ratio (Tier 2) 4,4 29% 3,2 Regulatory Capital : 2.871 67% 10,9 Core capital ratio 9,0 (Tier 1) 8,2 68%

1 SIFI Itaú Peers2 Tier 1 Subordinated Bonds Others

Individual Capital ratio evolution (%) Tier 1 Tier 2 SolvenciaCapital Ratio total

15,0% 14,9% 14,2% 14,0% 14,1% 14,3% 14,8% 13,0% 13,0% 13,5% 13,5% 13,5% 13,4% Min. 5,1% 4,9% 4,7% 4,5% 4,5% 4,6% 4,9% 9,0 4,0% 4,2% 4,4% 5,0% 4,8% 4,4%

9,8% 10,0% 9,5% 9,6% 9,6% 9,0% 8,8% 9,2% 9,7% 9,9% 8,6% 8,7% 9,0% Min. 4,5

dic-19 ene-20 feb-20 mar-20 abr-20 may-20 jun-20 jul-20 ago-20 sep-20 oct-20 nov-20 dic-20

1. SIFI: , , Banco de Bogotá y BBVA 20 2. Peers: Banco de Occidente y Scotiabank Fuente: Superintendencia Financiera & Itaú Colombia Itaú Colombia - December 2020 Risk ratings Itaú Colombia has an investment grade rating of BBB-, and a AAA domestic rating

Fitch BRC S&P

Issuer Default Rating – IDR BBB- / Negative (International) Apr-20

National, long-term AAA / Stable Jan-21

National, short-term BRC 1+ Jan-21

Fitch Ratings downgraded Colombia's sovereign rating, which represented an adjustments to all financial institutions in Colombia. Itaú’s outlook changed from stable to negative

21 Diciembre 2020 Itaú Colombia - December 2020

Thank you

En Itaú, todo lo hacemos por ti

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