Corp Banca Elects New Board of Directors

SANTIAGO, CHILE -- (MARKET WIRE) -- February 28, 2007 -- Corpbanca (NYSE: BCA) announced today the new board of directors elected during the Ordinary Shareholders' Meeting held on February 27, 2007. The new board will consist of the following directors:

Directors:

1.- Alvaro Saieh Bendeck
2.- Jorge Andrés Saieh Guzmán
3.- Carlos Abumohor Touma
4.- Jorge Selume Zaror
5.- Fernando Aguad Dagach
6.- Julio Barriga Silva
7.- Hernán Somerville Senn
8.- René Cortázar Sánz
9.- Francisco Rosende Ramírez
10.- Carlos Massad Abud
11.- Ignacio González Martínez

Juan Rafael Gutiérrez Avila

About Corp Banca

CORP BANCA (NYSE: BCA) (Santiago: CORPBANCA) is a Chilean financial institution offering a wide variety of corporate and retail financial products and services.

Contact Information: Contact: Company: Pablo Mejia R. Investor Relations Tel. (56 - 2) 660-2342 E-mail: pablo.mejia@corpbanca.cl Enrique Perez A. Chief Financial Officer Tel. (56 - 2) 660-2389 E-mail: enrique.perez@corpbanca.cl Capital Link: Nicolas Bornozis President Tel. 212-661-7566 New York, USA E-mail: nbornozis@capitallink.com