Itaú Corpbanca Institutional Investors Presentation

Itaú CorpBanca Institutional Investors Presentation

Itaú CorpBanca November, 2018 Disclaimer

• This presentation is not an offer for sale of securities. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as giving investment advice. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this material are subject to change without notice and neither Itaú Corpbanca (the “Bank”) nor any other person is under obligation to update or keep current the information contained herein. The information contained herein does not purport to be complete and is subject to qualifications and assumptions, and neither the Bank nor any agent can give any representations as to the accuracy thereof. The Bank and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material • Certain statements in this presentation may be considered forward-looking statements. 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. These forward-looking statements include, but are not limited to, statements regarding expected benefits and synergies from the merger of Banco Itaú Chile with and into CorpBanca, the integration process of both banks, anticipated future financial and operating performance and results, including estimates for growth, as well as risks and benefits of changes in the laws of the countries we operate • These statements are based on the current expectations of the Bank’s management. There are risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, (1) problems that may arise in successfully integrating the businesses of Banco Itaú Chile and CorpBanca, which may result in the combined company not operating as effectively and efficiently as expected; (2) the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies; (3) the credit ratings of the combined company or its subsidiaries may be different from what the Bank or its controlling shareholders expect; (4) the industry may be subject to future regulatory or legislative actions that could adversely affect the Bank; and (5) the Bank may be adversely affected by other economic, business, and/or competitive factors • Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to the Bank’s management. 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. More information on potential factors that could affect Itaú CorpBanca’s financial results is included from time to time in the “Risk Factors” section of Itaú CorpBanca’s Annual Report on Form 20-F for the fiscal year ended December 31, 2017, filed with the U.S. Securities and Exchange Commission (the “SEC”). Furthermore, any forward-looking statement contained in this presentation speaks only as of the date hereof and Itaú 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 presentation are expressly qualified by this cautionary statement • This presentation may not be reproduced in any manner whatsoever. Any reproduction of this document in whole or in part is unauthorized. Failure to comply with this directive may result in a violation of the U.S. Securities Act of 1933, as amended, or the applicable laws of other jurisdiction • The information contained herein should not be relied upon by any person. Furthermore, you should consult with own legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that you deem it necessary, and make your own investment, hedging and trading decision based upon your own judgment and advice from such advisers as you deem necessary and not upon any view expressed in this material • The Bank is an issuer in Chile of securities registered and regulated by the Superintendencia de Bancos e Instituciones Financieras, or “SBIF.” Shares of our common stock are traded on the Bolsa de Comercio de Santiago—Bolsa de Valores, or the Santiago Stock Exchange, the Bolsa Electrónica de Chile— Bolsa de Valores, or Electronic Stock Exchange, and the Bolsa de Corredores—Bolsa de Valores, or the Valparaiso Stock Exchange, which we jointly refer to as the “Chilean Stock Exchanges,” under the symbol “ITAUCORP.” The Bank’s American Depositary Shares are traded on the New York Stock Exchange under the symbol “ITCB.” Accordingly, we are currently required to file quarterly and annual reports in Spanish and issue hechos esenciales o relevantes (notices of essential or material events) to the SBIF and the Comisión para el Mercado Financiero, the Chilean Commission for the Financial Market, or “CMF,” and provide copies of such reports and notices to the Chilean Stock Exchanges and the SEC. All such reports are available at www.sbif.cl, www.cmf.cl, www.sec.gov and itau.cl/investor-relations.

| 2 | Agenda

1. Investment Case 2. Financials 3. Integration Milestones 4. Appendix Itaú CorpBanca | Investment Case

1 Solid Macroeconomic Fundamentals and Expanding Banking Sector Solid . Chile is one of the most developed economies in Latin America, sustained by solid macroeconomic fundamentals Macroeconomic . Chile has one of the best sovereign ratings and among the lowest CDS spreads in Latin America Fundamentals . Colombia is also an attractive market with a diversify economy . The Chilean and the Colombian banking sectors have achieved high profitability and healthy assets quality with effective regulatory oversight

. LatAm Banking Sector has potential to achieve further growth, particularly in the underpenetrated retail segments 2 Unique control and support from a leading institution Unique Control . Itaú Unibanco is the largest private financial institution in Brazil and a premier LatAm franchise

and . Itaú CorpBanca benefits from the strength of a ~US$71.0 BN1 market cap partner in its existing markets while enhancing Support opportunities for growth abroad . Opportunity to leverage Itaú Unibanco’s strong global client relationships successful managing model

. Itaú CorpBanca will be able to expand its banking products’ offering through segmentation and digitalization 3 Emergence of a leading banking platform in Chile and Colombia Banking Platform . Greater scale and resources to grow and compete more effectively in Chile and Colombia with Larger Scale . Enhanced footprint in Chile and Colombia create a platform to expand in the region, particularly into Peru and Central America . 4th largest private bank in Chile and 6th largest banking group in Colombia by total loans2

4 Itaú CorpBanca will have a stronger financial profile and greater earnings power

. Estimated pre-tax cost synergies between US$88MM and US$107MM approximately per year on a fully phased-in basis and Positive Impact total one-time pre-tax integration costs of approximately US$85MM to occur during the first 3 years to Itaú CorpBanca . Improved funding profile and substantial potential for revenue synergies . Additional cross-selling opportunities

. Improved capital position opens room for further loan growth

1 As of September 30, 2018. Source: Economatica | 4 | 2 – Rankings based on gross loans as reported to the Superintendencia de Bancos e Instituciones Financieras (SBIF), excluding loans from Itaú CorpBanca Colombia, and Superintendencia Financiera de Colombia (SFC). Source: Company financials. Itaú CorpBanca | Investment Case

4 Itaú CorpBanca will have a stronger financial profile and greater earnings power

. Improved capital position opens room for further loan growth

1 As of September 30, 2018. Source: Economatica | 5 | 2 – Rankings based on gross loans as reported to the Superintendencia de Bancos e Instituciones Financieras (SBIF), excluding loans from Itaú CorpBanca Colombia, and Superintendencia Financiera de Colombia (SFC). Source: Company financials. 1 Global Macroeconomic Backdrop

GDP Growth (%) Interest Rates (EOP) - % 6.6 7.5 6.1 5.8 5.3 5.8 4.7 4.6 5.3 5.0 4.0 4.8 4.8 4.8 4.0 3.9 3.8 4.3 4.5 4.5 4.3 3.5 3.5 3.8 3.0 3.5 3.5 2.7 3.3 3.0 3.3 3.0 2.3 2.5 2.8 1.8 2.0 1.8 1.3 1.5

2010 2011 2012 2013 2014 2015 2016 2017 2018(e) 2019(e) 2010 2011 2012 2013 2014 2015 2016 2017 2018(e) 2019(e) Chile Colombia Chile Colombia

Inflation (CPI) - % Exchange rates – CLP/USD & CLP/COP 740 0.27 6.8 720 0.26 5.8 700 0.25 4.4 4.6 4.4 680 4.1 0.24 3.7 3.7 660 3.0 3.2 3.0 3.0 3.2 3.0 3.2 0.23 2.7 640 2.4 2.3 1.9 620 0.22 1.5 600 0.21

580 0.20

2010 2011 2012 2013 2014 2015 2016 2017 2018(e) 2019(e) Chile Colombia CLP/USD CLP/COP

Source: Central Bank of Chile and Central Bank of Colombia. Itaú CorpBanca’s projections | 6 | Itaú CorpBanca | Investment Case

4 Itaú CorpBanca will have a stronger financial profile and greater earnings power

. Improved capital position opens room for further loan growth

1 As of September 30, 2018. Source: Economatica | 7 | 2 – Rankings based on gross loans as reported to the Superintendencia de Bancos e Instituciones Financieras (SBIF), excluding loans from Itaú CorpBanca Colombia, and Superintendencia Financiera de Colombia (SFC). Source: Company financials. 2 Itaú Unibanco | At a Glance

Leading position in Brazil Financial Highlights and Ratios • US$ 71.0 billion market cap 1 As of and for the quarter ended September 2018 Highlights • 100,756 employees in Brazil and abroad • 4,917 branches and CSBs in Brazil and abroad Total Assets BRL 1,613.2 Bn Total Loans 1 BRL 636.4 Bn • 47,887 ATMs in Brazil and abroad Stockholders’ Equity BRL 125 Bn • Around 48 million clients in the Retail Bank Recurring Net Income 2017 2 (*) BRL 24.9 Bn • Brazilian multinational bank Recurring Net Income 3Q18 3 BRL 6.5 Bn • Major provider of finance for the expansion of Brazilian companies Long Term Foreign Currency Moody´s: Ba3 • In 2017 Itaú Unibanco was elected the The Best Company in People Management (by “Valor Carreira” magazine) (Itaú Unibanco Holding) Fitch: BB and also recognized as a pro-ethics company (Pró-Ética), an initiative between the Office of the Comptroller S&P: BB- General 2 with the private sector, which encourages the voluntary adoption of integrity measures and corruption Financial Ratios

prevention in the business sector, being the only financial institution among the companies approved. Recurring ROE 2017 4 (*) 21.8% Global Footprint of Brazil’s Top Private Sector Bank | as of September 30, 2018 Recurring ROE 3Q18 5 21.3% Efficiency Ratio 2017 6 (*) 46.4% Efficiency Ratio 3Q18 6 48.8% Liquidity Coverage Ratio 171% Tier I Capital 14.8%

(*) Includes the consolidation of Citibank in the 4Q17. (1) Includes financial guarantees provided and corporate securities. (2) Represents Net Income adjusted for certain non recurring events described in the 4Q17 MD&A – Executive Summary. (3) Represents Net Income adjusted for certain non recurring events described in the 3Q18 MD&A – Executive Summary. (4) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to Historical Series Spreadsheet. (5) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to the 3Q18 MD&A – Executive Summary. (6) See “Efficiency Ratio” slides in this presentation for criteria.

1 As of September 30 2018. Source: Economatica; 2 Controladoria-Geral da União (CGU). | 8 | 2 Itaú Unibanco | Joint Ventures and Partnerships with Retailers

Highlights Highlights JVs and Partnerships

• Brazilian market leader in credit card transactions. • Focus on credit card instruments

• Qualification of the client base: proprietary channel x partnerships • Long term agreements

• Credit card business comprises: • Alignment of incentives • Issuance of cards

• Acquiring: REDE

• JVs and partnership with retailers

• Own brand: Hiper

• Approximately 59.1 million card accounts (3Q18)

• 31.6 million credit card accounts

• 27.5 million debit card accounts

• R$ 114.6 billion in card transactions (3Q18)

• R$ 86.1 billion in credit card transactions

• R$ 28.5 billion in debit card transactions

• High growth potential in credit card usage in Brazil.

| 9 | 2 Itaú Unibanco | Capital Ratios

Full application of Basel III rules │ September 30, 2018

Tier I Estimated impact of Tier I Net Income in the Assets deductions Impact of the Tier I Jun-18 with investment in XP 2 Jun-18 period net of dividends and RWA investment in XP 2 Sep-18 proforma effect 1 and IOC

Common Equity Tier I (CET I) Additional Tier I (AT1)

1 Includes deductions of Goodwill, Intangible Assets, Tax Credits, Equity Investments in Financial Institutions, Insurance and similar companies, and the increase of the multiplier of the amounts of market risk, operational risk and certain credit risk accounts. This multiplier is 11.6 nowadays and will be 12.5 in 2019; 2 Proforma impact in June 2018 based on preliminary information. In August 2018, the investment in XP Investimentos was acquired, in accordance with the authorization of the regulatory bodies. | 10 | 2 Itaú Unibanco | Efficiency Ratio and Risk-Adjusted Efficiency Ratio

Note: Includes the consolidation of Citibank as of 4Q17. | 11 | 2 Itaú Unibanco | Information Technology: Digital Transformation

| 12 | 2 Itaú Unibanco | Information Technology: Evolution of Digital Branches

| 13 | Itaú CorpBanca | Investment Case

4 Itaú CorpBanca will have a stronger financial profile and greater earnings power

. Improved capital position opens room for further loan growth

1 As of September 30, 2018. Source: Economatica | 14 | 2 – Rankings based on gross loans as reported to the Superintendencia de Bancos e Instituciones Financieras (SBIF), excluding loans from Itaú CorpBanca Colombia, and Superintendencia Financiera de Colombia (SFC). Source: Company financials. 3 Itaú CorpBanca | Our Vision

To be the leading bank in sustainable performance and customer satisfaction

1. Implement a customer satisfaction-oriented culture, that is business-driven, through a simplified operational structure

2. Maximize shareholder returns, aiming at firm-wide growth

3. We aspire to be the preferred bank for top talents at every level

• Attract and retain committed professionals with high ethical standards and strong organizational pride • Shared leadership, conquered through talent and commitment to excellence, focused on meritocracy

4. Create an atmosphere that inspires creativity, entrepreneurialism and the exchange of ideas

5. Pursue a cutting-edge technology, striving to best serve our client needs, ultimately creating value

6. Uphold the highest ethical standards in the relationship with clients, employees, regulators, society and the markets

| 15 | 3 Itaú CorpBanca | Our Way

We seek to create a culture based on seven attitudes that define our identity and identify us in the way we do business. Each one of them represents the core of what we focus on as institution.

1. It´s only good for us if it’s good for the client We are people providing service to people, with passion and excellence. We work with the client and for the client –because they are the main reason behind why we do what we do.

2. We’re passionate about performance Generating sustainable results is in our DNA. The continuous challenge of seeking leadership in performance has brought us to where we are –and will continue guiding our company towards our objectives.

3. People mean everything to us Everything we do is carried out by people. Talented people who enjoy working in a collaborative atmosphere, based on meritocracy and high performance.

4. The best argument is the one that matters We encourage a challenging work environment, which is open to questioning and constructive discussion. For us, the hierarchy which counts is the hierarchy of the best idea.

5. Simple. Always We believe that simplicity is the best path to efficiency. That’s why we strive not to mistake depth for complexity, and simplicity for simplism.

6. We think and act like owners We always think like business owners, leading by example and putting collective objectives before personal ambition.

7. Ethics are non-negotiable We do what is right, without using shortcuts or devious ways to do business. We exercise leadership in a transparent and responsible way, fully committed to society and the best governance and management practices.

| 16 | 3 Itaú CorpBanca | Highlights

We are the 5th largest private bank in Chile and the 6th 1 banking group in Colombia

Regional footprint & main indicators 2 3

Assets 2 US$ 34.3 bn US$ 9.9 bn US$ 44.2 bn

Loans 2 US$ 24.9 bn US$ 7.3 bn US$ 32.2 bn

Market Share 10.4% 2 4.7% 4

Headcount 2 5,780 5 3,498 6 9,278

Branches 2 200 162 362

Recurring Net Income 3Q18 US$ 76 mn US$ 1 mn US$ 77 mn

Recurring RoTAE 3Q18 7 13.1% 0.6% 10.5%

1 Ranking for assets and loans consider Grupo Aval as the combination of Banco de Bogotá, Occidente, Popular, AV Villas; 2 Consolidated information as of September 30, 2018; 3 Figures were converted at an exchange rate of 657.11 CLP/USD; 4 Consolidated information as of August 31, 2018; 5 Includes headcount of our New York branch and since 1Q’18 also from our RepOffices in Lima and Madrid; 6 Includes headcount of Itaú (Panamá); 7 Tangible Equity: Shareholders equity net of | 17 | goodwill, intangibles from business combination and related deferred tax liabilities. Sources: Itaú CorpBanca, SBIF and SFC. 3 Itaú CorpBanca | Increases Relevance Across Latin America

Itaú CorpBanca is currently the 5th largest private bank in Chile. The merger positions Itaú CorpBanca and Itaú LatAm as the 10th and 6th largest bank in terms of assets within South America (ex-Brazil)

Banks by Assets in Latin America1 Banks by Assets in South America (ex-Brazil)5 US$ Bn US$ Bn 398 83 1 Itaú Unibanco2 1 Santander 2 Banco do Brasil 374 2 BBVA 81 3 Santander 343 3 BCI 60 4 Caixa 328 4 Banco del Estado de Chile 58 5 Bradesco3 322 55. Scotiabank 55 68. BBVA 185 6 Itaú LatAm6 55 7 Citibank 92 7 Banco de Chile 53 89. Sotiabank 80 8 Grupo Aval 52 97. BCI 60 9 Bancolombia 50 15 Itaú CorpBanca4 45 10 Itaú CorpBanca4 45

Loan portfolio as of Sep.18 (US$ Bn)

Itaú CorpBanca represents 24% of Itaú Unibanco’s consolidated loan portfolio7

1  Data as of June 30, 2018. Includes Brasil, México, Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 2 Includes Brasil, México, Argentina, Perú, Uruguay, Paraguay, Chile y Colombia; 3 In September 30, 2016 Bradesco begins to consolidate HSBC Brasil in its publication; 4 Includes Chile y Colombia (Itaú CorpBanca Chile with ~US$35MMM in assets); 5 Data as of June 30, 2018. Includes Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 6 Includes Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 7– Considering the consolidated loan portfolios of Itaú Unibanco and Itaú CorpBanca reported in their respective 3Q’18 MD&As and a R$ 4.0011 / US$ and a Ch$ 657.11 / US$ | 18 | foreign exchange rates as of 30.09.2018; 8– Since October 16, 2018, Itaú Unibanco holds a 38.14% equity stake in Itaú CorpBanca but as the controlling shareholder, fully consolidates Itaú CorpBanca’s Financial Statements. Source: Central Banks, local regulators, companies filings, Itaú CorpBanca. 3 Itaú CorpBanca | Shareholders Structure After Merger

Average daily traded volumes 12-month period ended September 30, 2018 (US$ million)

Market Cap. (Nov 12, 2018) US$ 4.8 Bn

Buy: 2 Sell-side rating: Hold: 7 Sell: 2 Source: Bloomberg and sell-side reports.

Price-to-Book1

1 – For Itaú CorpBanca and BCI consider shareholders equity net of goodwill and intangibles from business combination. | 19 | 3 Itaú CorpBanca | Outstanding YTD share price performance among LatAm Banks

Mid & Large Cap LatAm Banks1 2 POPULAR INC 43.6%

BANCO DEL BAJIO SA 27.7%

SCOTIABANK PERU-COMMON 26.1%

GRUPO FINANCIERO BANORTE-O 25.3%

BANCO DAVIVIENDA SA 20.9%

BANCO SANTANDER BRASIL-UNIT 16.9%

ITAÚITAU CORPBANCA CORPBANCA 15.5%

REGIONAL SAB DE CV 13.7%

BANCOBANCO SANTANDER SANTANDER CHILE CHILE 13.3%

BANCOLOMBIA SA 13.2%

INTERBANK-COMUN 13.1%

BANCO DE CREDITO DEL PERU-C 12.9%

BBVA BANCO CONTINENTAL SA-CO 12.5%

BANCO SANTANDER MEXICO-B 10.9%

INTERCORP FINANCIAL SER INC 10.0%

CREDICORP LTD 9.0%

ITAU UNIBANCO HOLDING S-PREF 8.6%

BG FINANCIAL GROUP SA 8.5%

BANCOBANCO DE DE CREDITO CREDITO E E INVERSION INVERSION 6.4%

BANCOBANCO DE DE CHILE CHILE 5.9%

SM-CHILE SA-B 2.9%

BANCO DO BRASIL S.A. 0.3%

Notes: 1 Excludes Scotiabank Chile (former BBVA Chile) since it has no transactions except the tender offer that Scotiabank Canada launched to take control of BBVA Chile; 2 Price performance over share local currency prices. | 20 | Source: Bloomberg. Data as of October 29, 2018. 3 Itaú CorpBanca | Strong and Integrated Corporate Governance

Board Chile Audit Committee

Itaú Corpbanca CEO CAE Milton Maluhy Emerson Bastián

CFO CRO Treasury Marketing & Colombia Wholesale Retail Human Legal IT Operations Products Resources Gabriel Mauricio Pedro Rogério Álvaro Christian Julián Marcela Cristián Luis Jorge Moura Baeza Silva Braga Pimentel Tauber Acuña Jiménez Toro Rodrigues Novis

Board Colombia Chairman Milton Maluhy

Itaú CorpBanca Colombia CEO Álvaro Pimentel

CFO CRO Treasury Communications & Franchise, Wholesale Retail Human Legal & General IT Operations Institutional Relations Products & Digital Resources Secretary María Cristina Juan Ignacio Derek Carolina Luciana Jorge Hernando María Lucía Dolly Bernardo Liliana Vandame Castro Sassoon Velasco Hildebrandi Villa Osorio Ospina Murcia Alba Suárez • Credit Risk: Frederico Quaggio

Board Chile1 2 Board Colombia Chairman Chairman Matrix reporting to CEO Colombia and Jorge Andrés Saieh Guzmán Milton Maluhy functional reporting to ITCB Ricardo Villela Marino Fernando Concha Ureta Roberto Brigard Holguín Juan Echeverría González Functional reporting to CEO Colombia Eduardo Mazzilli de Vassimon Jorge Selume Zaror Luis Fernando Martínez Lema Gabriel Moura and matrix reporting to ITCB for Boris Buvinic Guerovich Fernando Aguad Dagach Carmiña Ferro Iriarte Rogério Braga coordination of specific themes Andrés Bucher Cepeda Gustavo Arriagada Morales Rafael Pardo Soto Mónica Aparicio Smith Pedro Samhan Escandar Bernard Pasquier

1  Itaú Unibanco and CorpGroup appoint the majority of the members of the board of directors; 2  Pursuant to the Shareholders Agreement, the Directors appointed by Itaú Unibanco and CorpGroup shall vote together as a single block according to Itaú | 21 | Unibanco’s recommendation. 3 Itaú CorpBanca | Competitive Environment

Market Share Chile1 Market Share Colombia2

19.0% 25.5% Peer-B Peer-B 16.9% 22.9%

17.1% Peer-A 25.4% 16.4% Peer-A 26.7%

14.8% Estado 20.0% 15.4% Peer-C 13.8% 13.9% Peer-C 13.7% 10.5% Peer-D 12.1% 13.7% Peer-E 12.1% 6.2% Peer-E 10.4% 6.2% Itaú CorpBanca 8.5%

Itaú CorpBanca 4.7% 6.2% Peer-D Colombia 4.5% 5.7%

3.3% 2.9% Peer-F Peer-F 2.8% 2.1%

Loans Total Deposits Loans Total Deposits

1 As of September 30, 2018; 2 As of August 31, 2018. Sources: SBIF and SFC. | 22 | Itaú CorpBanca | Investment Case

4 Itaú CorpBanca will have a stronger financial profile and greater earnings power

. Improved capital position opens room for further loan growth

1 As of September 30, 2018. Source: Economatica | 23 | 2 – Rankings based on gross loans as reported to the Superintendencia de Bancos e Instituciones Financieras (SBIF), excluding loans from Itaú CorpBanca Colombia, and Superintendencia Financiera de Colombia (SFC). Source: Company financials. 4 Itaú CorpBanca | Business Mix

LTM Sep 2018, Ch$ Bn Loans breakdown by segment¹ Interest Rates Average Itaú Top 3 Corpbanca 26,022 28,549 26,151 16,091 100% =2 Current 6.7 13.5 13.9 11.2% 9.9% Consumer 15.7% 16.1%

Top 3 rates w/ current mix 6.7 6.0 6.2 23.0% 24.1%

Mortgage 29.1% 32.7% Current rate w/ top 3 mix 7.0

Top 3 7.0

5.9 5.7 64.7% 67.0% Commercial 55.2% 51.1%  Mix difference explains most es the Yield gap with the Top 3

Total Peer-A Peer-B Peer-C 7.0 6.7

∆ 35 bp 39 bp por mix

1 Yearly average gross loans; 2 Loan interests by segments; Source: SBIF; Itaú CorpBanca; Team Analysis. | 24 | 4 Itaú CorpBanca | Current Scale Allows for Better Segmentation

Individuals Companies By monthly income By annual sales (CLP MM) (USD MM)

Private Bank Corporate Investments > USD 1MM Over $100

Personal Bank Banking Wholesale Large Over $2.5 From $8 to $100

Itaú Branches Middle From $0.6 to $2.5 From $1 to $8

Condell Very Small and Small

Up to $0.6 From $0.1 to $1 Retail Banking Retail

| 25 | 4 Itaú CorpBanca | Individuals Segmentation Overview

Fully implemented segmentation model with well defined identity and value proposition, aimed at optimizing service level, satisfaction and profitability per client.

Branch profile in Chile Itaú Personal Bank Itaú Sucursales

22 Itaú Personal Bank

122 Itaú Sucursales

55 Condell (Consumer Finance)

| 26 | 4 Itaú CorpBanca | Business Mix: An Opportunity for a Digital Strategy

Top players have a large branch network, with significant expenses related

The merger doubles the footprint of the new bank Itaú CorpBanca departs from the previous peer group

Market Share1 by Total Loans2 Market Share1 by Consumer Loans

Branches3 4 Branches3 4

1 As of September 30, 2018 except for CorpBanca and BIC whose market shares are as of March 31, 2016; 2 Total loans includes commercial, consumer and mortgage loans; 3 As of August 31, 2018; 4 Itaú CorpBanca branches include | 27 | BancoCondell. Note: Figures do not include foreign operations of Chilean banks (ItaúCorpBanca Colombia and National Bank of Florida) 4 Itaú CorpBanca | Client Experience, Digital Banking and Value Offer

Continuous improvement of Advancing with roll-out of new digital Review and improvement of benefits and the look and feel of our digital services and offerings. Executing a offers linked to stronger transactionality channels. well defined pipeline of digital and relationship. solutions.

| 28 | 4 Itaú CorpBanca | Increasing Digital Transactions

Higher adoption of our App 144 more CLIENTS since Jan’17 Increasing transactions # sales of retail installment loans

91%

77%

23%

Apr'16 Sep'18

Sales through traditional channels Sales through Digital Channels (Internet + App)

| 29 | 4 Itaú CorpBanca | Business Growth in Retail

Installment Loans market share

7.5% 7.4% 7.7% 7.9% 8.0% 7.9% 7.2% 7.0% 7.1% 7.4%

DEC 2014 MAR 2015 MAR 2016 MAR 2017 JUN 2017 SEP 2017 DEC 2017 MAR 2018 JUN 2018 SEP 2018

12-months installment loans growth: Itau vs. Financial System 20.6%

9.8%

5.8% 1.7%

abr-16 jun-16 sep-16 dic-16 mar-17 jun-17 sep-17 dic-17 mar-18 jun-18 sep-18 Financial System Itaú CorpBanca

| 30 | 4 Itaú CorpBanca | Funding Mix

LTM Sep 2018, Ch$ Bn Total Funding Breakdown Interest Rates

Average Itaú 30,454 33,702 33,376 19,564 Top 3 Corpbanca 100% Current 2.9 12.3% 0.2 0.3 Checking accounts and deposits 23.5% 29.2% 29.9% Top 3 rates w/ current mix 2.7

39.9% 2.8 3.2 Current rate w/ top 3 mix 2.4 Time Deposits 36.9% 34.1% 34.8% Top 3 2.2

27.4% Debt Issued 4.8 5.2 22.5% 16.3% 22.4%  Non-interest bearing liabilities are the main reason for the gap when compared to the 3 players Others1 19.0% 20.5% 1.0 0.7 14.2% 17.0%

Total Peer-A Peer-B Peer-C 2.2 2.9

∆ 71 bp 50 bp por mix

1 Others: Repurchases contracts, financial derivatives, bank obligations, letters of credit, other financial obligations, taxes, differed taxes, provisions, other liabilities. | 31 | 4 Itaú CorpBanca | Debt Spread Evolution

Itaú CorpBanca has presented a noticeable convergence to peers

Spread vs.Peers1: 30-day (annualized) Spread vs.Peers1: 5-year (annualized)

2.75 Chile Santander BCI Itaú Corpbanca 4.5 Chile Santander BCI Corpbanca Itaú 2.50 4.0 2.25 2.00 3.5 1.75 3.0 1.50 2.5 1.25 1.00 2.0 0.75 1.5 0.50 1.0 0.25 0.00 0.5

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nov-11 nov-12 nov-13 nov-14 nov-15 nov-16 nov-17

ene-12 ene-13 ene-14 ene-15 ene-16 ene-17 ene-18

ago-12 ago-13 ago-14 ago-15 ago-16 ago-17 ago-18

mar-12 mar-13 mar-14 mar-15 mar-16 mar-17 mar-18

may-12 may-13 may-14 may-15 may-16 may-17 may-18

Bonds issued in Chile LTM2 8 bp 9 bp 7 bp 7 bp 6 bp 5 bp 5 bp 5 bp 4 bp 2 bp

207

151 124 124 101 106 83 83

41 45

04-04-2017 04-04-2017 08-25-2017 09-25-2017 10-17-2017 02-06-2018 02-21-2018 03-14-2018 04-13-2018 06-05-2018

Bonds in CLP & UF (expressed in USD MM) Spread vs.Peers1

1 – Average of top 3 peers in Chile. As of September 30, 2018 2 – As of October 10, 2018. | 32 | ; 4 Itaú CorpBanca | Rating upgrades in 2016 contribute to further reduction in cost of funds

Current International Ratings

Moody's S&P Timeline S&P

Rating Scale Rating Scale Financial Capacity LT ST LT ST A+ A+ A+ A+

Extremely Aaa AAA strong A A Aa1 AA+ A-1+ A A Very A Aa2 AA strong P-1 A- A- A- Aa3 AA-

A1 A+ A-1 BBB+ Strong A2 A BBB+ BBB+ A3 A- P-2 A-2 Baa1 BBB+ BBB BBB +3n +1n Adequate Baa2 BBB P-3 A-3 Baa3 BBB- 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: Itaú CorpBanca, Moody’s, S&P | 33 | Agenda

1. Investment Case 2. Financials 3. Integration Milestones 4. Appendix Financials | Financial Information

The financial information included in this section is based in our managerial model that we adjust for non-recurring events, for the amortization of intangibles arising from business combination, and for the tax effect of the hedge of our investment in Colombia. At the same time, we adjust the Managerial Income Statement with additional reclassifications of P&L lines in order to provide a better clarity of our performance. Please refer to pages 9 and 10 of our Management Discussion & Analysis Report (“MD&A Report”) for further details, available at itau.cl/investor-relations.

| 35 | Financials | Managerial Recurring Net Income (Reconciliation)

in million of Chilean Pesos 3Q'18 2Q'18 3Q'17 9M'18 9M'17 Net Income Attributable to Shareholders (Accounting) 42,894 57,937 (3,956) 143,591 85,065

(-) Non-Recurring Events 7,844 6,987 7,177 22,221 (5,987) a) Restructuring costs - - 1,664 588 3,923 b) Transaction costs 2,532 1,376 - 5,347 - c) SBIF fine - - - - (21,765) d) Amortization of intangibles from business combinations 8,646 8,626 8,569 25,782 25,950 e) Accounting adjustments - - - - (2,267) f) Sale /revaluation of investments in companies - - - - (3,145) Tax effects (3,334) (3,014) (3,056) (9,496) (8,683) Recurring Net Income Attributable to Shareholders (Managerial) 50,738 64,924 3,221 165,812 79,078

Non-Recurring Events (a) Restructuring costs: One-time integration costs. (b) Transactions costs: Costs related to the closing of the merger between Banco Itaú Chile and Corpbanca, such as investment banks, legal advisors, auditors and other related expenses. (c) SBIF fine: Fine imposed by the SBIF which, as instructed by the regulator, was accounted for as an expense impacting 2015 Net Income and once the Supreme Court ruled in our favor we proceeded to reverse such expense impacting 2017 Net Income. (d) Amortization of Intangibles from business combinations: Amortization of intangibles generated through business combination, such as costumer relationships. (e) Accounting adjustments: Adjustments in light of new internal accounting estimates. (f) Sale / revaluation of investments in companies: the fiscal effect of the sale of SMU Corp in 2017.

| 36 | Financials | Recurring RoTE / Recurring RoTA1

RoTE / RoTA – Consolidated

13.7% 11.8% 10.8% 10.8% 10.5% 11.7% 6.7% 5.9% 0.7% 5.8% 0.8% 0.7% 0.9% 0.8% 0.7% 0.7% -0.3% 0.7% 0.4% -0.7% 0.4% 0.4% 0.0% 0.0% -3.8% -10.8% 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 9M'17 9M'18

RoTE / RoTA – Chile

16.9% 15.8% 14.6% 12.5% 13.4% 13.9% 13.1% 9.9% 8.7% 10.7% 6.0% 2.7% 0.7% 1.6% 1.2% 5.3% 1.0% 0.8% 0.9% 0.4% 1.0% 0.9% 0.4% 1.0% 0.8% 0.7% -0.1% 0.6% 0.0% -0.5% 0.1% 0.1% -1.4% -0.7% -9.7% 1Q'16 -7.1% 2Q'16 3Q'16 4Q'16 1Q'17 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 9M'17 9M'18 Annualized Recurring Return on Average Equity (quarterly) Annualized Recurring Return on Average Assets (quarterly)

| 37 | 1 – Excludes Goodwill and intangibles assets from business combination, net of associated deferred tax liabilities. Financials | Income Statement

Change Change Change in million of Chilean Pesos 3Q'18 2Q'18 % $ 3Q'17 % $ 9M'18 9M'17 % $ Net interest income 140.063 144.135 -2,8% -4.072 125.794 11,3% 14.269 418.285 387.703 7,9% 30.581 Net fee and commission income 38.405 35.221 9,0% 3.184 38.637 -0,6% -232 113.255 105.140 7,7% 8.115 Total financial transactions, net 21.980 24.126 -8,9% -2.146 20.793 5,7% 1.187 69.451 49.809 39,4% 19.642 Other operating income, net -2.263 -5.946 -61,9% 3.683 38 n.m. -2.301 -7.388 -2.775 166,2% -4.613 Net operating profit before credit & counterparty losses 198.185 197.536 0,3% 649 185.262 7,0% 12.923 593.603 539.877 10,0% 53.726 Result from loan losses, net -28.317 -33.980 -16,7% 5.663 -61.503 -54,0% 33.187 -93.002 -138.087 -32,6% 45.085 CVA (ratings and collaterals effects) -272 7.981 -103,4% -8.253 -8.776 -96,9% 8.503 8.060 6.905 16,7% 1.155 Net operating profit 169.595 171.537 -1,1% -1.941 114.983 47,5% 54.613 508.661 408.696 24,5% 99.966 Operating expenses -109.184 -101.012 8,1% -8.172 -110.648 -1,3% 1.465 -315.722 -310.385 1,7% -5.337 Operating income 60.412 70.525 -14,3% -10.113 4.335 n.m. 56.077 192.939 98.311 96,3% 94.628 Income from investments in other companies 51 221 -76,9% -170 33 54,5% 18 297 297 0,0% 0 Income before taxes 60.463 70.746 -14,5% -10.283 4.368 n.m. 56.095 193.236 98.608 96,0% 94.628 Income tax expense -10.330 -7.421 39,2% -2.910 1.373 -852,5% -11.703 -28.388 -10.409 172,7% -17.979

Net income attributable to shareholders 50.118 63.343 -20,9% -13.226 5.754 771,0% 44.364 164.841 88.189 86,9% 76.652

| 38 | Financials | Loan Portfolio

Total Loans (Ch$ Tn) Market share D% Loans 3Q'18/3Q'17 Δ +2.6% ITCB in Chile Financial System 2.6% 8.7% + % Δ 1.0 -0.6% 8.4% 16,4 16,0 15,9 15,9 16,2 7.5% 9.0% 1,7 15.9% 9.3% 1,4 1,5 1,6 1,6

3,5 3,8 3,6 3,7 3,8 13.3% 12.9% 12.6% 12.3% 12.1%

11.0% 10.8% 10.6% 10.5% 10.4%

8.3% 8.3% 8.3% 8.2% 8.1% 11,0 10,7 10,6 10,8 10,9

7.7% 7.7% 7.8% 7.8% 7.3%

3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18

Commercial Mortgage Consumer Total Commercial Mortgage Consumer

| 39 | Financials | Loan Portfolio – run off portfolio

16,323 16,378 1,314 1,664

3,289 3,806

1,916 384

9,803 10,525

Legal Day One Sep-18

Commercial (core) Commercial (run-off portfolio) Mortgage Consumer

CAGR (%) Legal Day Sep-18 Var ($) CAGR (%) Financial One in billion of Chilean pesos System Commercial 10,909 11,719 (810) -2.8% 4.9% Commercial (core) 10,525 9,803 722 2.9% n.a. Commercial (run-off portfolio) 384 1,916 (1,532) -47.4% n.a. Mortgage 3,806 3,289 516 6.0% 9.4% Consumer 1,664 1,314 350 9.9% 7.9% Total 16,378 16,323 56 0.1% 6.6%

Total (ex run-off portfolio) 15,994 14,406 1,588 4.3%

| 40 | Financials | Net provision for credit & counterparty risks

Net provision for credit & counterparty risks (Ch$ Bn) Net provision for credit & counterparty risks ratios (annualized)

108,2 2,7%

17,9

70,3 8,8 1,8%

44,5 90,3 5,5 16,4 30,4 26,0 28,6 61,5 0,3 1,1% 39,1 37,5 30,7 34,0 28,3

(0,4) (8,0) 0,8% (21,1) 0,6% 0,7% 0,4%

1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18

Result from loan losses, net CVA (ratings and collaterals effects) Provision for Credit & Counterparty risk / Average Loans

| 41 | Financials | Credit Quality

Total Loans Commercial

168% 138% 165% 136% 136% 134% 130% 148% 154% 148% 126% 127% 125% 126% 142% 137% 135% 134% 166% 133% 133% 162% 152% 121% 126% 124% 122% 147% 147% 119% 113% 113% 124% 112% 112% 123% 54% 52% 50% 49% 48% 48% 48% 48% 47% 47% 47% 51% 51% 50% 50% 48% 49% 49%

44% 41% 45% 47% 42% 43% 40% 42% 42% 45% 42% 46% 47% 44% 44% 42% 42% 41% 6,7% 6,1% 5,9% 6,2% 6,2% 5,9% 5,2% 5,7% 5,8% 5,6% 5,3% 5,0% 5,1% 4,3% 4,9% 4,7% 4,7% 4,5% 2,1% 2,2% 2,1% 2,2% 2,4% 2,3% 2,0% 1,4% 1,6% 1,8% 1,8% 1,9% 1,9% 1,2% 1,3% 1,5% 1,6% 1,7%

3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18

Mortgage Consumer

36% 38% 36% 360% 36% 35% 35% 34% 34% 34% 320% 342% 325% 310% 303% 306% 310% 28% 287% 25% 25% 26% 26% 25% 25% 23% 22% 314% 306% 317% 274% 277% 298% 237% 231% 245%

33% 31% 22%2,2% 2,4% 22%2,4% 2,4% 22%2,1% 21% 3.0% 2,1%3.0% 2,1% 28%1,9%3.2% 2,0% 1,9% 1,9% 14%2.5% 13%2.6% 14%2.7% 1,9% 13%1,8%2.8% 1,7% 19% 1,8% 18% 17% 1,8% 1,6% 1,8% 1.6% 1.6% 1.6% 1.6% 1.8% 1.8% 1.9% 18% 17% 17% 12% 12% 10% 12% 3Q'16 1Q'154Q'16 1Q'17 2Q'152Q'17 3Q'17 3Q'154Q'17 1Q'18 4Q'152Q'18 3Q'18 1Q'16 3Q'16 4Q'162Q'16 1Q'17 3Q'162Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18

NPL90(%) Cartera deteriorada (%) NPL90 Coverage NPL90 Converage (Chilean Financial System) Cobertura Cartera Deteriorada Cartera Deteriorada coverage (Chilean Financial System)

| 42 | Note: ‘Cartera deteriorada’ includes low-end of the substandard portfolio and the impairment portfolio, according to SBIF criteria. Financials | Income Statement

Change Change Change in million of Chilean Pesos - constant currency 1 3Q'18 2Q'18 % $ 3Q'17 % $ 9M'18 9M'17 % $ Net interest income 68,512 72,367 -5.3% -3,855 58,700 16.7% 9,812 207,618 166,884 24.4% 40,734 Net fee and commission income 8,861 8,248 7.4% 613 6,675 32.7% 2,186 23,536 26,379 -10.8% -2,843 Total financial transactions, net 5,046 3,079 63.9% 1,967 10,361 -51.3% -5,315 13,574 51,690 -73.7% -38,117 Other operating income, net 283 -530 -153.5% 813 -1,207 -123.5% 1,490 -449 -6,375 -93.0% 5,925 Net operating profit before loan losses 82,701 83,164 -0.6% -462 74,529 11.0% 8,172 244,278 238,579 2.4% 5,699 Result from loan losses -20,974 -32,177 -34.8% 11,203 -25,082 -16.4% 4,108 -83,715 -93,306 -10.3% 9,591 Net operating profit 61,727 50,987 21.1% 10,741 49,447 24.8% 12,280 160,564 145,273 10.5% 15,290 Operating expenses -49,447 -49,779 -0.7% 332 -50,120 -1.3% 673 -149,314 -150,249 -0.6% 935 Operating income 12,280 1,208 916.9% 11,073 -673 n.m. 12,954 11,249 -4,976 -326.1% 16,225 Income from investments in other companies 4 -8 -149.4% 12 0 n.a. 4 1,276 857 48.9% 419 Income before taxes 12,284 1,199 924.1% 11,085 -673 n.m. 12,958 12,525 -4,119 -404.1% 16,644 Income tax expense -3,580 2,995 -219.5% -6,575 2,855 -225.4% -6,435 4,130 10,116 -59.2% -5,986 Net income 8,705 4,195 107.5% 4,510 2,182 298.9% 6,522 16,655 5,997 177.7% 10,658 (-) Minority Interests -2,930 -1,410 107.9% -1,521 -736 298.2% -2,195 -5,601 -2,011 178.5% -3,589 (-) Cost of hedge positions for Colombia -5,139 -1,168 340.0% -3,971 -3,908 31.5% -1,231 -9,972 -13,174 -24.3% 3,203 Net income attributable to shareholders 635 1,617 -60.7% -982 -2,462 -125.8% 3,097 1,083 -9,188 -111.8% 10,271 Currency conversion effects -15 -36 -72 -112 77 Net income attributable to shareholders (nominal currency) 620 1,581 -60.8% -961 -2,533 -124.5% 3,154 971 -9,111 -110.7% 10,082

1 – Considers the elimination of foreign exchange variation, which is obtained by the application of the foreign exchange rate of September 30th, 2018 to all periods analyzed. | 43 | Financials | Synergies Update: Compared Evolution of Total Expenses

In billion of Chilean pesos 2009 2010 2011 2012 2013 2014 2015 2016 2017 8M'17 8M'18 Total Expenses - Itaú CorpBanca1 220 255 275 402 545 732 736 801 768 500 522 (-) Itaú CorpBanca Colombia - - - (74) (191) (290) (253) (253) (274) (185) (180) Total Expenses - Itaú CorpBanca Chile 220 255 275 328 354 441 483 548 494 316 342 (-) credit risk-related provisions2 (3) (4) (4) (6) (4) (4) (2) (11) (9) (2) (11) (-) Non-recurring expenses - - - - - (32) (54) (101) (31) (18) (20) (-) Depreciation y Amortization3 (10) (12) (14) (16) (20) (22) (24) (26) (29) (19) (20) Adjusted Total Expenses - Itaú CorpBanca Chile 207 239 257 306 331 384 404 410 424 276 291 Annual growth rate 15.6% 7.4% 19.1% 8.1% 16.1% 5.3% 1.4% 3.5% 5.4%

Adjusted Total Expenses - Chilean Financial System 2,254 2,680 2,761 2,983 3,233 3,760 4,073 4,259 4,496 2,932 3,170 Annual growth rate 18.9% 3.0% 8.1% 8.4% 16.3% 8.3% 4.6% 5.6% 8.1%

Adjusted Total Expenses annualized growth (%) Average: 11.9% ; 10.5%

18.9% 19.1% 15.6% 16.1% 16.3% Average: 3.4% ; 6.1%

7.4% 8.1% 8.1% 8.4% 8.3% 8.1% 5.3% 4.6% 5.6% 5.4% 3.0% 3.5% 1.4%

2010 2011 2012 2013 2014 2015 2016 2017 8M'18 Itaú CorpBanca Chile Chilean Financial System

1 – Includes commissions expenses, personnel expenses, administrative expenses, depreciation and amortization, impairment charges and other operational expenses. All data is Proforma | 44 | 2 – Consisting of provisions for assets received in lieau of payment and provisions for Country risk. 3 – Includes the amortization of intangibles generated through business combinations which are classified as a non-recurring expense on the MD&A. Financials | Operating Expenses: Estimated Synergies Captured to Date1

Adjusted Total Expenses1 evolution – ITCB growth rates (Ch$ Bn) +5.4% +1.4% +3.5% 23 6 14 447 410 424 384 404 306 331 239 257 207

2009 2010 2011 2012 2013 2014 2015 increase 2016 increase 2017 increase 2018

Adjusted Total Expenses1 evolution – System growth rates (Ch$ Bn) +8.1% +5.6% +4.6%

24 36 18 482 423 446 384 404 306 331 239 257 207

2009 2010 2011 2012 2013 2014 2015 increase 2016 increase 2017 increase 2018

≠ ≠ ≠ Synergies captured (Ch$ Bn) 13 9 13 Ch$ 35 billion in the first three years

1 – Includes commissions expenses, personnel expenses, administrative expenses, impairment charges and other operational expenses. Excludes provisions for assets received in lieau of payment, | 45 | provisions for Country risk and Non-recurring expenses. Financials | Liquidity Risk

Regulatory Liquidity: Mismatch vs. Peers in Chile

Itaú CorpBanca has lowest maturity mismatches compared with peers Capital Total gap - Total gap Total gap Total gap - Límit Ch$ Bn Básico¹ 30 days - 90 days - 30 days 90 days 76% Peer-A 100% 3,224 1,591 2,719 49% 42% 44% Peer-B 100% 3,062 1,641 2,698 54% 44% 42% 28% 31% Peer-C 100% 3,029 645 1,870 21% 31% Estado 100% 1,663 1,289 2,535 78% 76% Itaú CorpBanca (Chile only) 100% 3,300 833 1,865 25% 28% Itaú CorpBanca Peer -A Peer -B Peer-C Estado (Chile only)

BIS III Liquidity Framework – LCR2 210% 190% 170% • Liquidity: high liquidity standards are an important driver of 150% 137.6% our balance sheet management both in Chile and in 130% Colombia. 110% 90%

70%

04-15-2016 05-13-2016 06-10-2016 07-08-2016 08-05-2016 09-02-2016 09-30-2016 10-28-2016 11-25-2016 12-23-2016 01-20-2017 02-17-2017 03-17-2017 04-14-2017 05-12-2017 06-09-2017 07-07-2017 08-04-2017 09-01-2017 09-29-2017 10-27-2017 11-24-2017 12-22-2017 01-19-2018 02-16-2018 03-16-2018 04-13-2018 05-11-2018 06-08-2018 07-06-2018 08-03-2018 08-31-2018 09-28-2018 LCR CH Límite LCR

1 – According to SBIF BIS I definitions. 2 – LCR: Liquidity Coverage Ratio calculated according to BIS III rules. Regulatory LCR ratios are still under construction in Chile. | 46 | Source: Quarterly liquidity status report as of September 30, 2018 for each bank available in the corresponding websites. Financials | Regulatory Capital Composition Under Current Ley General de Bancos

Ch$ Tn*

0.23

14.4% BIS Ratio3

1.19 1.03 3.30 3.37

Capital Subord. Minority Goodwill Patrimonio Básico1 Bond Interest Efectivo2

Notes:

1  Capital Básico = Core Capital, according to SBIF BIS I definitions; includes corresponding adjustments from merger effects of the business combination 2  Patrimonio efectivo = Regulatory Capital, according to SBIF BIS I definitions 3  BIS ratio = Patrimonio efectivo / RWA, according to SBIF BIS I definitions

*Data as of September 30, 2018 | 47 | Source: Itaú CorpBanca consolidated balance sheet Financials | Current Regulatory Capital Ratio & Estimated BIS III Capital Ratio

Current regulatory capital ratio evolution (LGB) Estimated1 BIS III capital ratio (new LGB)

14.4% 12 bp -1 bp -4 bp 1 bp -0,7% 11.1% Tier II 4,4% 3,7%

-2,6% 14,3% 14,4% + / -

Tier I 10,0% 7,4%

Jun.18 Capital Basico Subordinated RWA Other Sep.18 Regulatory Capital Other Intangible Assets Net effect of changes Estimated Fully Loaded Bonds Ratio (Jun.18) / Net Deferred Taxes in RWA BIS III Capital

1 – Reflects our best estimate for the impact of the implementation of the new Banking Law in Chile. The actual impact depends on definitions still to be set by the Comision para el Mercado | 48 | Financiero (CMF). Agenda

1. Investment Case 2. Financials 3. Integration Milestones 4. Appendix Integration Milestones | Itaú CorpBanca’s Integration Process Timeline

2016 2017 2018 

Merger Transition Construction

• Team building: senior and middle • Completion of retail migration and client • Full focus on client satisfaction management segmentation in Chile • Focus on increasing and sustainable results • Corporate Governance, risk management • Initial roll out of Digital initiatives • Completing technological integration and framework and other policies • Resuming business growth in retail advancing with digital agenda • Balance sheet and liquidity strenghtening • Introduction of Itaú Brand in the • Strengthening our culture throughout the Colombian retail Market organization

| 50 | Integration Milestones | Next Steps

Chile

• Full focus on client satisfaction

• Focus on increasing and sustainable results

• Advance the technological integration and digital agenda

• Strengthen our culture throughout the organization

Colombia

• Complete branch and client migration

• Complete the technological integration

• Implement retail and wholesale business strategies

• Strengthen our culture throughout the organization

| 51 | Agenda

1. Investment Case 2. Financials 3. Integration Milestones 4. Appendix Financials | Average Tangible Equity Breakdown

3Q’18 Average Balance (Ch$ Tn)

Deferred taxes asociated with intangibles from PPA: Ch$ 90 Goodwill: Ch$ 1,187 Ch$ 40 Ch$ 941 Ch$ 50 Ch$ 246

Liabilities: 25,865 Intangibles from PPA: Ch$ 291 Ch$ 140 All other Liabilities: Ch$ 25,775 Managerial Tang. Equity: Ch$ 1,931 Ch$ 1,532 Ch$ 399 Ch$ 151 Ch$ 19,795 ÷ ÷ ÷ Ch$ 5,979 Recurring Results: Ch$ 50.7 Ch$ 50.1 Ch$ 0.6 = = = Recurring RoTE: 10.5% 13.1% 0.6% Assets: 29,378

AsociatedAsociado w/a Intangibles PPA Intangibles: PPA: Ch$ Ch$ 40 34 Minority Interest: 227 Minority Interest ex GW and PPA All other Assets: Ch$ 27,899 Intangibles: Ch$ 193 Ch$ 21,329 Ch $6,570 GW and PPA Intangibles: Ch$ 1,355 Ch$ 1,041 Ch$ 313 Shareholders’ Equity: 3,286 Managerial Tangible Equity: Ch$ 1,931 Ch$ 1,532 Ch$ 399

| 53 | Itaú CorpBanca | Transaction in Colombia

Itaú CorpBanca Colombia acquired assets and liabilities of Itaú BBA Colombia

Current Structure in Colombia . On June 16, 2017 Itaú CorpBanca Colombia acquired Itaú BBA Colombia assets and liabilities1 Itaú Helm Other CorpGroup CorpBanca Corporation Minorities . Postponement of the date for Itaú CorpBanca to purchase the 12.36% stake of CorpGroup in Itaú CorpBanca 66.28% 12.36% 20.82% 0.54% Colombia: ‐ The postponement date to purchase is until January 28, 2022 The purchase price has not changed (US$ 3.5367 per share2) Itaú CorpBanca ‐ Colombia ‐ Itaú CorpBanca will carry out commercially reasonable efforts to register an listing Itaú CorpBanca Colombia in the Colombian Stock Exchange (CSE) Acquisition ‐ The rational is to create a liquidity mechanism for minorities to sell the stake in the company Itaú BBA Colombia (asset and liabilities)

1  Itaú Corpbanca Colombia S.A. paid Ch$33,205 million to Itaú BBA Colombia S.A Corporación Financiera. | 54 | 2  This amount accrues interest from (and including) August 4, 2015 until (but excluding) the payment date at an annual interest rate equal to Libor plus 2.7%. Itaú CorpBanca Colombia | “Itaú” brand successfully introduced in the retail market in 2017

Feb – Apr’17 22 May’17 May – Dec’17 Dec’17 1Q’18 2018

Launch campaign 100% of clients and Transition Brand Introduction • “Queremos Conocer” branches under the • Working on implementing businesses Year end Itaú brand and core strategies for wholesale and retail Internal Campaign • “Gracias por recibirnos” system • As well as advancing with our corporate culture agenda

| 55 | Our Bank | Itaú CorpBanca History

| 56 | Global Macroeconomic Outlook

2011 2012 2013 2014 2015 2016 2017 2018F 2019F GDP Growth (%) - World Economy World 4.2 3.5 3.5 3.6 3.4 3.2 3.8 3.8 3.5 USA 1.6 2.2 1.8 2.5 2.9 1.6 2.2 2.9 2.4 Euro Zone 1.7 -0.8 -0.2 1.4 1.9 1.8 2.5 1.9 1.5 China 9.5 7.9 7.9 7.2 6.8 6.7 6.9 6.5 6.1 Japan -0.1 1.5 2.0 0.0 1.4 1.0 1.7 1.1 1.2 GDP Growth (%) - Latam Brazil 4.0 1.9 3.0 0.5 -3.5 -3.5 1.0 1.3 2.0 Chile 6.1 5.3 4.0 1.8 2.3 1.3 1.5 3.8 3.5 Colombia 6.6 3.9 4.6 4.7 3.0 2.0 1.8 2.7 3.5 Mexico 4.0 3.6 1.4 2.8 3.3 2.9 2.0 2.0 2.0 Peru 6.5 6.0 5.8 2.4 3.3 4.0 2.5 4.2 4.0 Inflation (eop, %) Brazil (IPCA) 6.5 5.8 5.9 6.4 10.7 6.3 2.9 4.5 4.3 Chile 4.4 1.5 3.0 4.6 4.4 2.7 2.3 3.0 3.0 Colombia 3.7 2.4 1.9 3.7 6.8 5.8 4.1 3.2 3.2 Mexico 3.8 3.6 4.0 4.1 2.1 3.4 6.8 4.4 3.8 Peru 4.7 2.6 2.9 3.2 4.4 3.2 1.4 2.2 2.6 Monetary Policy Rate (eop, %) Brazil 11.00 7.25 10.00 11.75 14.25 13.75 7.00 6.50 8.00 Chile 5.25 5.00 4.50 3.00 3.50 3.50 2.50 2.75 3.75 Colombia 4.75 4.25 3.25 4.50 5.75 7.50 4.75 4.25 4.75 Mexico 4.50 4.50 3.50 3.00 3.25 5.75 7.25 8.00 7.50 Peru 4.25 4.25 4.00 3.50 3.75 4.25 3.25 2.75 3.25 Unemployment Rate (avg, %) Brazil - 7.4 7.1 6.8 8.5 11.5 12.7 12.4 12.2 Chile 7.1 6.4 5.9 6.4 6.2 6.5 6.7 7.0 6.7 Colombia 10.8 10.4 9.6 9.1 8.9 9.2 9.4 9.4 9.2 Mexico 5.2 4.9 4.9 4.8 4.4 3.9 3.4 3.4 3.5 Peru 7.7 7.0 5.9 6.0 6.4 6.7 6.9 6.8 6.5

| 57 | Chile | Macroeconomic Outlook

GDP Growth | % (YoY) Per Capita GDP | US$ Thousand

8 18 16.1 16.6 7.0 15.6 7 16 15.3 15.2 6.2 6.1 14.2 14.4 5.7 5.8 14.0 6 12.9 13.3 5.1 5.2 5.3 14 5 12 10.5 10.7 10.6 4.0 3.8 3.8 3.5 9.5 4 3.3 3.5 10 2.7 7.6 3 2.3 8 1.8 6.2 2 1.3 1.5 5.1 6 4.6 4.5 4.8 1 4 0 2 -1 00 05 10 15 0 -2 -1.6 00 05 10 15

Unemployment rate | % Inflation and Policy Rate | %

12 10 10.8 11 7.8 8 7.1 9.9 9.8 10.0 9.7 9.5 10 9.3 6 9 8.3 4.5 4.4 4.6 4.4 8.0 7.8 3.7 8 4 3.0 3.0 3.0 3.0 7.2 2.6 2.8 2.7 7.0 7.0 2.4 2.6 2.3 7 6.5 6.7 6.7 6.5 6.3 6.3 2 1.5 6.0 1.1 6 0 5 00 05 10 15 4 -2 -1.4 00 05 10 15 Inflation Policy Rate

| 58 | Chile | Macroeconomic Outlook

International Reserves | % of GDP Current Account Balance | % of GDP

5 25 4.6 4.1 21.9 4 20.2 20.8 19.4 20 3 2.6 17.1 1.7 16.1 15.7 16.2 15.9 2 1.5 1.3 15.6 14.9 15 13.8 14.2 14.1 1 12.6 13.2 12.6 12.8 12.6 0 9.8 10 -1 -0.8 -1.2 -1.1 -1.4 -1.5 -2 -1.5 -1.7 -1.7 -2.3 5 -3 -2.4 -2.6 -3.2 -4 -3.9 -4.1 0 -5 00 05 10 15 00 05 10 15 Central Government Fiscal Balance | % of GDP External Debt | % of GDP Privado Publico 8 7.3 7.8 70 62.9 60.4 57.2 55.2 6 60 49.8 4.4 46.1 4 3.9 50 42.9 39.0 38.2 2.1 38.8 36.4 2 1.3 40 33.2 34.5 0.6 29.5 29.7 0 30 -0.5 -0.4 -0.6 -0.6 -0.5 20 -2 -1.2 -1.6 -2.1 -1.9 -1.7 -2.7 -2.8 -4 10 -4.4 7.8 6.8 5.3 3.7 3.0 3.0 3.0 3.4 3.9 4.3 5.2 -6 0 2.3 1.9 2.3 2.5 00 05 10 15 03 09 15

| 59 | Colombia | Macroeconomic Outlook

GDP Growth | % (YoY) Per Capita GDP | US$ Thousand 8 9 8.0 8.1 8.0 6.8 6.8 8 7 6.6 7.3 7.2 6.9 7 6.4 6 6.3 6.1 5.3 5.8 6 5 4.7 4.6 4.7 5.3 5.2 4.7 3.9 4.0 3.9 5 4 3.5 3.5 3.7 2.9 3.0 4 3.4 3 2.5 2.7 2.8 3 2.5 2.4 2.4 2.0 1.8 2.3 2 1.7 1.7 2 1 1 0 0 00 05 10 15 00 05 10 15

Unemployment rate | % Inflation and Policy Rate | %

17 15 15.6 15.0 15 14.1 13.7 13.3 13 10 8.7 11.8 12.0 12.0 11.8 11.2 11.3 7.6 7.7 10.8 7.0 11 10.4 6.5 6.8 9.6 5.5 5.7 9.1 9.2 9.4 9.4 9.2 5.8 8.9 4.9 4.5 9 5 3.7 3.7 4.1 3.2 2.4 3.2 3.2 2.0 7 1.9

5 0 00 05 10 15 00 05 Inflation 10 Policy Rate 15

| 60 | Colombia | Macroeconomic Outlook

International Reserves | % of GDP Current Account Balance | % of GDP

18 16.6 2 15.9 0.9 16 15.1 14.1 13.8 14 12.4 0 11.5 11.6 11.4 12 11.1 10.8 -0.7 10.4 10.2 10.1 10.2 10.1 -1.1 -1.0 9.5 9.9 9.6 -2 -1.3 -1.3 10 -1.8 -2.0 8 -2.9 -2.9 -2.9 -4 -3.0 -3.1 -3.3 -3.3 -3.2 6 -4.3 4 -6 -5.2 2 -6.4 0 -8 01 06 11 16 00 05 10 15

Central Government Fiscal Balance | % of GDP External Debt | % of GDP

0 45 Privado Publico 17.5 15.9 14.2 17.0 40 14.9 15.2 15.5 -2 35 11.7 -2.3 -2.3 -2.3 -2.4 30 -2.7 11.0 -3.0 -2.8 -3.0 -3.1 9.8 8.5 25 7.1 9.9 10.5 -4 -3.6 7.6 8.8 8.8 -3.7 -4.1 -3.9 -4.0 6.9 -4.3 20 -4.7 -4.9 -5.0 15 -6 -5.5 26.0 -5.7 24.0 23.3 25.4 23.2 10 20.7 22.1 22.7 16.5 16.2 13.9 15.9 13.8 13.7 15.8 5 12.0 12.6 12.5 -8 00 05 10 15 0 00 05 10 15

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