Contact Information: Contact: Company: Pablo Mejia R. Investor Relations Tel. (56 - 2) 660-2342 Santiago, Chile E-mail : pablo.mejia@corpbanca.cl Capital Link: Nicolas Bornozis President Tel: 212-661-7566 New York, USA E-mail: nbornozis@capitallink.com
Corpbanca Launches New Subsidiary
| Source: Corp Banca
SANTIAGO, CHILE -- (MARKET WIRE) -- March 9, 2007 -- Corpbanca (NYSE : BCA ), a Chilean financial
institution offering a wide variety of corporate and retail financial
products and services across all segments of the Chilean financial market,
announces the creation of a new subsidiary, Corplegal S.A. Corpbanca will
hold a 99.99 percent ownership interest in the new subsidiary. Corplegal
S.A. will exclusively address all legal advisory services required by
Corpbanca, its subsidiaries and/or their clients.
The Chilean Superintendency of Banks and Financial Institutions granted
authorization for the creation of Corplegal S.A. on January 26, 2007,
pursuant to resolution No. 01092.