January 2017

Itaú CorpBanca Institutional Presentation

Agenda

3. CorpBanca Colombia

2. Itaú CorpBanca

1. Itaú Unibanco

| 3 |

Recurring Net Income 3Q16 (3)

Recurring Net Income 2015 (2)

Leading position in Brazil through key competitive strengths

(1) Includes endorsements and sureties. (2) Represents Net Income adjusted for certain non recurring events described, please refer to Historical Series Spreadsheet. (3) Represents Net Income adjusted for certain non recurring events described in the 2Q16 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 2Q16 MD&A – Executive Summary. (6) See “Efficiency Ratio” slides for criteria. (7) This ratio is our current number which considers the phase in regulation. See “Capital Ratios” slide for more details.

• US$ 65.2 billion market cap 1

• 95,984 employees in Brazil and abroad

• 5,119 branches and CSBs in Brazil and abroad

• 45,859 ATMs in Brazil and abroad

• Brazilian multinational bank

• Major provider of finance for the expansion of Brazilian companies

• Among the best talent pool in the Brazilian financial system

Global Footprint of Brazil’s Top Private Sector Bank |September 30, 2016

Financial Highlights and Ratios As of Septiembre 30, 2016

Source: Bloomberg.

Itaú Unibanco | At a Glance

Highlights

Total Assets BRL 1,399.1 Bln

Total Loans¹ BRL 567.7 Bln

Stockholders’ Equity BRL 114.7 Bln

Recurring Net Income 2015² BRL 23.8 Bln

Recurring Net Income 3Q16³ BRL 5.6 Bln

Long Term Foreign Currency Moody´s: Ba3

(Itaú Unibanco Holding) Fitch: BB+

Financial Ratios

Recurring ROE 2015⁴ 23.9%

Recurring ROE 3Q16⁵ 19.9%

Efficiency Ratio 4Q15⁶ 46.3%

Efficiency Ratio 3Q16⁶ 48.6%

BIS III CET I Ratio⁷ 15.7%

Total Assets

Total Loans(1)

Stockholders’ Equity

Long Term Foreign Currency

Recurring ROE 2015(4)

Recurring ROE 3Q16(5)

Efficiency Ratio 4Q15(6)

Efficiency Ratio 3Q16(6)

| 4 | 1 As od Septiember 30, 2016.

• Approximately 32.1 million credit card accounts and

26.0 million debit card accounts;

• Leader in Brazilian credit card market, extensive

number of joint ventures and partnerships with

retailers.

• Total portfolio for individuals of R$ 15,9 billion;

• Lease and finance through over 12 thousand

dealers;

• In the 3Q16 the new Vehicle Concessions to

individuals reached R$ 2,140 million.

• One of the largest players based on direct

premiums;

• Association with Porto Seguro for auto and

residential insurance;

• The result in 3Q16 totaled R$ 683 million.

• Small and Medium Enterprises with annual sales up to

R$ 30 million;

• 4.558 branches and client service branches

and 44.631 ATMs in Brazil;

• Premier banking brand in Brazil;

• Strategically positioned for growth in

mortgage market (partnerships with Lopes).

• Full coverage of corporate clients with

annual sales above R$ 200 million;

• Leadership in IB products with top

positions in major league tables

• Treasury operations for the

conglomerate

• Purpose: to be recognized as “the bank

expert in Latin America”

• •Presence in Latin America: Mexico,

Colombia, Peru, Paraguay, Chile,

Argentina, Uruguay.

• Total assets under administration of

approximately R$ 888 billion;

• Leader in Private banking services in Latin

America.

• Corporate clients with annual sales from R$ 30 million

to R$ 200 million.

Itaú

Unibanco

Itaú Unibanco | Universal Bank¹

Risk-based

pricing model

Leader in

performance in

Brazil

Large distribution

network

Diverse lines of

products and

services

Intensive use

of technology

| 6 |

Branches and CSBs : 87

ATMs: 178

Employees : 1,670

Argentina

Sucursales: 225

ATMs: 501

Employees : 6,182

Chile

Branches and CSBs: 4,574

ATMs: 44,631

Employees : 81,737

Brasil

Colombia¹

Branches and CSBs : 170

ATMs: 180

Employees: 3,750

Branches and CSBs : 24

Puntos de Servicio OCA : 36

ATMs: 58

Employees : 1,144

Uruguay

Itaú Unibanco | Real Footprint in Latin America September 2016

CIB

Minorista

México | CIB

Employees: 31

(1) Considers employees and branches from Panama.

Branches and CSBs : 39

Non-Bank

Correspondents : 48

ATMs: 311

Employees : 806

Paraguay

Peru

Representative

office IBBA

Panamá

| 7 |

Total Assets1 | Evolution and Breakdown

R$ billion

(1) Net of Allowance for Loan Losses; (2) Gross Loans, including endorsements and sureties

Cash, Cash Equivalents

and Short-term Interbank

Deposits

Securities

Loans2

Other

Permanent

Loans Breakdown

31.0%

10.2%

2.8%4.9%

9.8%

24.8%

8.5%

8.0%

Corporate

SME's

Vehicles

Personal Loans

Credit Cards

Latin America

Mortgage (includes individuals andcompanies)

Payroll Loans to Individuals + BMG

30.9%

37.9%

18.7%

7.4%5.1%

Domestic Government Bonds

Pension Plans Fund Quotas

Corporate Securities

Derivatives

International Government Bonds

27.0

177.9

456.2

357.5

380.4

1,297.8

1,474.81,399.1

2014 2015 3Q16

32.6%

27.2%

25.6%

12.7%

1.9%

Domestic Government Bonds

Pension Plans Fund Quotas

Corporate Securities

Derivatives

International Government Bonds

Securities Breakdown

Corporate

SMEs

Vehicles

Personal Loans

Credit Cards

Latin America

Mortgage (includes individuals and

companies)

Payroll Loans to individuals + BMG

| 8 |

471 550 575 554 621 649 605 560 558

8995 94 92

95 96 9894 99560

645 669 645716 746 703

654 657

429514 542 529 561 555 523 498 495

Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16

76.5%79.7% 81.1% 82.0%

78.3%74.4% 74.4% 76.2% 75.4%

91.0%93.4% 94.3% 95.6%

90.3%85.5% 86.5%

89.0% 88.8%

39.3%

42.1%

10.7%

7.9%

% Funding (Maturity Breakdown) Ratio between Loan Portfolio and Funding2

Over 365

0-30

31-180

181-365

(2) Includes demand, savings and time deposits plus debentures, mortgage-backed notes, onlending, borrowings, funds from acceptance and issuance of securities abroad, net of reserve

requirements and available funds; (3) The loan portfolio balance does not include endorsements and sureties. (4) Gross funding, ex-deductions of reserve requirements and cash and cash

equivalents

Funding | Evolution and Breakdown

(1) Includes institutional clients in the proportion of each type of product invested by them.

158 167 174 165 169 172 166 163 165284 280 266 255 282 308 292 336 342

759 781 812 831 876 897 945 9791,0521,265 1,309 1,342 1,341

1,412 1,456 1,4691,550

1,629

Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16

Demand and savings Deposits

Time Deposits + Debentures +Funds From Bills

Assets Under Administration +Technical Provisions forInsurance,Pension Plan and Premium BondsTotal Funds from Clients +Interbank Deposits

Funding from Clients (R$ billion) Reserve requirements and Cash

Loan Portfolio (R$ billion) (3) Loan Portfolio/ Funding (4)

Loan Portfolio/ Gross Funding(3)

In R$ millions Without CorpBanca With CorpBanca

Demand and savings Deposits

Time Deposits + Debentures +

Funds from Bills

Assets under administration +

Technical Provisions for Insurance

Pension Plan and Premium Bonds

Total funds from Clients +

Interbank Deposits

Funding from Clients¹

| 9 |

Recurring ROE / Recurring ROA | Evolution

Consolidated ROE / ROA

Brazil ROE ¹

(1) Includes units abroad ex-Latin America.

25.5% 25.5% 25.4% 25.1%24.2%

22.8%

20.7% 21.1% 20.8%

3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16

Annualized Recurring Return on Average Equity (quarterly)

24.7% 24.9% 24.5% 24.8%24.1%

22.1%

19.6%20.6% 19.9%

1.8% 1.8% 1.7% 1.8% 1.8% 1.6% 1.4% 1.6% 1.6%

3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16

Annualized Recurring Return on Average Equity (quarterly) Annualized Recurring Return on Average Assets (quarterly)

Annualized Recurring Return on Average Equity (quarterly)

Annualized Recurring Return on Average Equity (quarterly) Annualized Return on Average Assets (quarterly)

| 10 |

Efficiency and Risk-Adjusted Efficiency Ratios | Evolution

Efficiency Ratio - Consolidated

Efficiency Ratio – Brazil¹

(1) Includes units abroad ex-Latin America.

Quarterly Efficiency Ratio(%)

Trailing 12-month Efficiency Ratio(%)

Quarterly Risk-Adjusted Efficiency Ratio (%)

Trailing 12-month Risk-Adjusted Efficiency Ratio (%)

Efficiency Ratio without extraordinary items of personnel expenses

Quarterly Efficiency Ratio(%)

Trailing 12-month Efficiency Ratio(%)

Quarterly Risk-Adjusted Efficiency Ratio (%)

Trailing 12-month Risk-Adjusted Efficiency Ratio (%)

| 11 |

Information Technology | Evolution

Total number of transactions

Share of transactions per channel

(1) Standard channels: Branches, ATM, Telephone. (2) Electronic Remote Channels: Mobile and Internet

Standard Channels 1 Electronic Remote Channels2

Branches ATM Telephone Internet Mobile

Agenda

3. CorpBanca Colombia

2. Itaú CorpBanca

1. Itaú Unibanco

| 13 |

Itaú CorpBanca | Highlights

Regional footprint & main indicators

November 30, 2016 ²

Itaú CorpBanca Chile Assets: US$ 34.0 BN

Headcount: 6,005

Branches: 224

CorpBanca Colombia

Assets: US$ 10.2 BN

Headcount: 3,670

Branches: 174

CorpBanca Panamá Assets: US$ 0.81 BN

Headcount: 51

US$ 44BN

US$ 32BN

9.675

Loans

Assets

Headcount #

Branches # 398

Itaú CorpBanca

2016 ¹ ²

4º 5º3

4º 5º3

We are the 4th and 5th largest private bank in Chile and Colombia, respectively

(1) Consolidated information as of Noviember 30, 2016; 2 Figures were converted at an exchange rate of 673.06CLP/USD; 3 For assets and loans, rankings consider Grupo Aval as the combination of Banco de Bogotá, Occidente, Popular, AV Villas

Source: SBIF

| 14 |

BCI

Itaú CorpBanca

Banco de Chile

Banorte

Grupo Aval

Scot iabank

Itaú LatAm

Citibank

Santander

BBVA

Itaú CorpBanca

Banorte

Grupo Aval

Scotiabank

Citibank

BTG Pactual

BBVA

Santander

Bradesco

Itaú Unibanco

Itaú CorpBanca | Relevance in LatAm and South America

1 Information as of november 30, 2016. Includes Brazil, México, Argentina, Perú, Chile and Colombia; 2 Includes Argentina, Brazil, Paraguay, Uruguay, Chile and Colombia; 3 In Septi. 30, 2016 Bradesco started including HSBC Brazil in their reports; 4 Includes Chile and Colombia (Itaú CorpBanca Chile with ~US$35MMM in assets); 5 Informaction as of Sept. 30, 2016. Iincludes Argentina, México, Perú, Chile and Colombia; 6 Includes Argentina, Paraguay, Uruguay, Chile and Colombia; 7 Information as of Septi. 30, 2016; 8 Considering a conversion rate of BRL 3.2462 per 1.00 USD, a Sep/30/2016.

Source: Central Banks , local regulators, companies filings, Itaú CorpBanca analysis

Largest banks in Latin America 1 Largest banks in South America (ex-Brazil) 5

Relevace within Itaú Unibanco 7 Breakdown by Country 7

US$ BN

US$ BN

US$ BN

Itaú CorpBanca is currently the third largest bank in Chile. The merger positions Itaú Corpbanca and Itaú LatAm as the fourth largest bank within South (ex-Brazil) in terms of Assets

Total LatAm Loans : US$43 BN

Loans8

Brazil and other

Countries Itaú LatAm

25%

43 131

BTG Pactual

7. Banorte

Santander

4. BBVA

Itaú Unibanco2

9. Grupo Aval

Bradesco3

8. Citibank

Scotiabank

Itaú CorpBanca4

1

2

3

4

5

6

7

8

9

11

60

52

331

389

50

156

429

58

50

46

Citibank

Banco de Chile

Grupo Aval

5. Scotiabank

BBVA

Santander

Itaú LatAm6

1

2

4

3

5

6

7

46

50

50

52

47

55

46

129

156

58

5%

65%

21%

4%

5%

Itaú AR

Itaú Corp CL

Itaú Corp COL

Itaú PY

Itaú UY

86%

Banorte

Itaú CorpBanca4

BCI

9

10

8

| 15 |

4th largest Market Cap among Peers

Note: Figures were converted at an exchange rate of Ch$679.65 US$1 (as of August 31, 2016).

Source: Itaú CorpBanca & Santiago Stock Exchange.

ADRs holders and Foreign investors 14.66%

Securities Brokerage 6.34%

Santo Domingo Group 1.92%

Insurance Companies 1.39%

AFPs 0.26%

Other minority shareholders 5.40%

1- Includes 52,125,023 shares owned by Saga that are under custody.

ITAÚ CORPBANCA Total shares: 512,406,760,091(100%)

Itaú Unibanco

35.71%

December 31, 2016

Shareholders - % Total share capital

Saieh Family1

31.00%

IFC

3.32%

Others

29.97%

Introduction | Shareholders Structure after Merger

January 12, 2017

11.39

10.25

6.28

4.32

1.44

PEER-A PEER-B PEER-C ITAUCORP PEER-D

US$

BN

| 16 |

Introduction | Senior Management Structure

(1) Interim since January 2017 Source: Itaú CorpBanca. Date: November 2, 2016

BOARD OF DIRECTORS

Itaú CorpBanca Chief Executive Officer

Audit Committee

Milton

Maluhy

Wholesale

Christian

Tauber

Retail

Julián

Acuña

Treasury

Pedro

Silva

Marketing &

Products

Rogério

Braga

CRO

Mauricio

Baeza

CFO

Gabriel

Moura

IT &

Operations

Luis

Rodrigues

Legal &

Compliance

Cristián

Toro

Human

Resources

Marcela

Jiménez

Comptroller

Marcio Palestra1/

Corpbanca

Colombia

Álvaro

Pimentel

| 17 |

Timeline S&P

Source: Itaú CorpBanca, Moody’s, S&P

International Ratings 2016

Moody's S&P

Financial

Capacity

Rating Scale Rating Scale

LT ST LT ST

Extremely

strong Aaa

P-1

AAA

A-1+ Very

strong

Aa1 AA+

Aa2 AA

Aa3 AA-

Strong

A1 A+

A-1

A2 A

A3

P-2

A-

A-2

Adequate

Baa1 BBB+

Baa2

P-3

BBB

A-3

Baa3 BBB-

A

A+ A+ A+

A

A

BBB+

A- A-

A

BBB+ BBB+

A-

BBB BBB

BBB+

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

Ratings | Improvements will contribute to lowering the funding costs

+3n +1n

| 18 |

Itaú CorpBanca | Ratio BIS ¹

Target Capital Ratio (greater of):

120% Minimum Regulatory Capital (Chile): 12.0%

Three Largest Private Banks2 (Chile): 13.3%

1 BIS ratio = Patrimonio efectivo / RWA, according to SBIF BIS I definitions.

2 –Cas of August 31, 2016 (last available information at the SBIF).

Source: Itaú CorpBanca.

Target Capital Ratio (greater of):

120% Minimum Regulatory Capital (Chile): 12.0%

Three largest Private Banks 2 (Chile): 13.3%

Subordinated

Bonds Other

Agenda

3. CorpBanca Colombia

2. Itaú CorpBanca

1. Itaú Unibanco

| 20 |

180

174

3,727

570

6,361

7,141

# ATMs

# Branches

# HeadCount

# Clients(thousand)

DepositsUSD MM

Gross LoansUSD MM

CorpBanca Colombia | Highlights

Source: CorpBanca Colombia, Exchange rate of COP 3000,71 per 1 USD

1: Numbers as of December 2016

2: Deposits include Checking and Savings accounts and Term Deposits

3: HeadCount includes Panamá

Regional footprint & main indicators Dec 20161

CorpBanca Colombia

MS: 5,7%

#Player: 6

TIER I: 9,68%

Total Capital Ratio: 13,14%

NPLs: 2,9%

Net Inc. FY15: USD ~ 106,3 MM

Net Inc. FY16: USD ~ -50,3 MM

Bank #6 in Colombia, with over 570 thousand clients and presence in 23 cities locally and one in Panama.

CorpBanca Colombia 20161

2

3

| 21 |

Itaú CorpBanca | Transaction in Colombia

CorpBanca Colombia to acquire assets and liabilities of Itaú BBA Colombia

1 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%. 2 Pending on regulatory approvals in Colombia. 3 Assets book value is COP 263 BN (approximately US$ 89.5 million) and liabilities book value is COP 92.8 BN (approximately US$31.6 million). Figures in dollars where converted at an exchange rate of COP2,939.25 /US$1 as of January 13, 2017.

Contemplated Structure in Colombia

Itaú

CorpBanca

CorpBanca

Colombia

Postponement of the date for Itaú CorpBanca to purchase the

12.36% stake of CorpGroup in CorpBanca Colombia:

‐ The postponement date is until January 28, 2022

‐ The purchase price has not changed (US$ 3.5367 per share1)

‐ Itaú CorpBanca will carry out commercially reasonable efforts to

register an listing CorpBanca Colombia in the Colombian Stock

Exchange (BVC)

‐ The rational is to create a liquidity mechanism for minorities to sell the

stake in the company

CorpBanca Colombia will acquire Itaú BBA Colombia assets and

liabilities at their book value2 3

CorpGroup Helm

Corporation

Other

Minorities

Itaú BBA

Colombia

(asset and

liabilities)

66.28% 12.36% 20.82% 0.54%

+ Transaction pending

Financial Group in Colombia

CorpBanca

Colombia

Helm

Fiduciaria

CorpBanca

Investment

Trust

Helm

Comisionista

de Bolsa

Helm Bank

Panamá

Helm Corredor

de Seguros

94.0% 94.5% 95.0% 100%

| 22 |

CorpBanca Colombia | Board of Directors

Me

mb

ers

President

Miembros de Junta

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*

Milton Maluhy Filho

Source: CorpBanca Colombia. November 1, 2016

(*) Independent Board Members

1/ ¨Pending approval by Superintendencia Financiera

| 23 |

CorpBanca Colombia | Senior Management Structure

1/ Since January 1, 2017. Pending posession before SFC 2/ In process of joinig the Bank Source: CorpBanca Colombia:

Board of Directors

CorpBanca Chief Executive Officer

Audit Committee

Álvaro Pimentel1/

Wholesale

Jorge Villa2/

Retail

Claudia P.

Vélez

Treasury

Derek

Sassoon

IT

Lilián Rocío

Barrios

CRO

Edson Silva

CFO

María Cristina

Vandame

Operations

Liliana Suárez

Legal &

Compliance

Dolly Murcia

Human

Resources

Andrea Arizala

Ctry Controller

Juan I. Castro Compliance

Carlos Díaz

Public Affairs

Carolina Velasco

| 24 |

Decreasing Net Interest Margins, higher LLP and higher costs of liquidity explain the lower profitability of CorpBanca Colombia compared to its peers.

CorpBanca Colombia | Profitability Ratios

138,6 103,4

106,9

24,8 12,1

277,8

-50,3

15,1

792,7

Net Income 2016 (USD millions)

Annual

Growth +18% +62% +4% -16% +68% +8% +2% +269% -125% -147%

Personnel

expenses Other income Taxes Net Income

Technology

Amortization Net LLP

Derivatives

and portfolio

income

Net

Commissions

and fees

Interest

Expense

Interes Income

from Loans and

Leases

Administrative

expenses

+100%

446,3

44,1

Source: CorpBanca Colombia, Exchange rate of COP 3000,71 per 1 USD

1. NIM Loans Interest – Deposits Interest expenses / Gross Loans includes the cost of bonds rediscounted loans and foreign currency loans. Annualized monthly NIM

2. 12 months net Income over 12 months average of equity and assets for Dec.14 Colgaap Accounting standards

3. Information from november 2016

10.33 8.94 7.84

5.94

2.73

-4.03

15.64

1.25 1.06 0.93 0.7 0.32

-0.47

2.08

Dec-14 Dec-15 Mar-16 Jun-16 Sep-16

ROE

ROA

ROE and ROA (%)2

Total Banks (*)

Dic-16

3

| 25 |

Itaú CorpBanca’s management, after a throughout evaluation, elected Helm Bank’s Phoenix platform as the core

banking legacy system for Itaú CorpBanca’s operation in Colombia.

This strategy will benefit from reduced implementation time and risk when compared to the previous existing

strategy that was based on synergy benefits that do no longer apply in the current scenario.

IBS

CorpBanca

Ch

ile

C

olo

mb

ia

Altair

CorpBanca Colombia (Former Santander Colombia)

Pre

-In

teg

ratio

n

Po

st-

Inte

gra

tion

Phoenix

Helm Bank C

hil

e

Co

lom

bia

Pre

-In

teg

ratio

n

Po

st-

Inte

gra

tion

P

re-I

nte

gra

tio

n

Po

st-

Inte

gra

tion

Rationale: Scale synergies, know-how synergies Rationale: Reduced implementation time and risk

IBS

IBS

CorpBanca

Altamira

Itaú Chile

Altamira

Altair

CorpBanca Colombia (Former Santander Colombia)

Phoenix

Helm Bank

Phoenix

Itaú CorpBanca legacy strategy CorpBanca legacy strategy

Benefits from synergies with Itaú Unibanco

CorpBanca Colombia | Core Banking Legacy System

| 26 |

3.6 3.8 3.9 4.0 4.3 4.3

4.7 5.2

4.4 4.4 4.3 4.4 4.5 4.6 4.7 4.8

Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

CorpBanca

Total Banks

Allowance for Loan Losses / Gross Loans (%)

Source: Superintendencia & CorpBanca Colombia,,

1: Information from system as of November 2016

CorpBanca Colombia | Loan Provisions

1

0.6 0.5

0.6 0.7 0.7

0.6

0.9

1.7

0.4 0.5 0.5 0.6 0.5 0.6 0.6 0.5

Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

CorpBanca

Total Banks

LLP Expense / Gross Loans (%)

1

During 4Q 2016 the Bank made relevant LLPs, ending 2016 with a Ratio of ALL / Gross Loans above the average of Total Banks

| 27 |

2.1 2.1 2.3 2.4

2.2 2.5 2.5

3.3

2.9 2.9 3.0 3.0 3.0 2.8 3.1 3.0

3.2 3.3

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

CorpBanca Total Banks

NPLs 30 days (%)

Coverage (%)2

Source: Superintendencia & CorpBanca Colombia,,

1: Information from system as of November 2016

2: Loan Loss Provisions / Past Due loans above 30 days

174 174 161 164

186 169 172

143

180

150 146 144 147 156

144 151 145 142

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

CorpBanca Total Banks

CorpBanca Colombia | Risk Ratios

1

1

5.4 5.1 5.7 5.9

6.5 6.6 7.1

9.0 9.8

6.4 6.3 6.6 6.3 6.5 6.8 7.1 7.2 7.8

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

CorpBanca Total Banks

B, C, D, E Loans / Gross Loans (%)

1

B, C, D, E Loans Coverage (%)

69 71 66 66

62 65 61

53 53 53

69 67 69 68 67 64 65 61

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

CorpBanca Total Banks

1

Higher past-due Loans and B,C,D,E Loans compared to 2015

| 28 |

39% 40% 42% 40%

30%

40% 41%

18% 20% 9% 12%

8%

14% 12%

30% 29%

33%

42%

51%

34% 35%

13% 12% 16%

6% 12% 12% 12%

Peer 1 Peer 2 Peer 3 Peer 4 C Peers Sist.

Source: Superintendencia & CorpBanca Colombia,

Numbers as of November2016

DDA: Checking Accounts

% YoY Growth

$18,3 $7,8 $18,8 $14,5 $7,3 $59,4 $129,9 Peer CorpB

-0,4% 13,0%

72,5% 20,1%

36,8% 27,8%

-12,3%

-34,2%

5,0%

-0,7%

Higher share of Time Deposits than Industry, with a more stable funding structure.

CorpBanca Colombia | Funding Detail

Funding Mix (USD Bn)

Checking Accounts

Savings

TDs

Bonds

| 29 |

11% 11% 11% 9% 9% 9% 8% 8% 8%

41% 39% 39% 42% 44% 43% 36% 30% 28%

41% 42% 42% 42% 40% 40% 49%

53% 51%

8% 7% 7% 7% 7% 8% 8% 10% 12%

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

Checking

Saving

TDs

Bonds

Funding Mix (%)

An increase in the proportion of TDs, and Ordinary Bond Emissions during 2016. Reduced sensibility to changes in Interest Rates

Source: Superintendencia & CorpBanca Colombia,

1 Total Capital Adequacy ratio minus capital adequacy ratio without VaR

CorpBanca Colombia | Funding Evolution

70.1 55.6 59.4

74.8 76.3 84.8 73.0 73.5 49.9

1.4%

1.1%

1.2% 1.3%

1.4% 1.3%

1.2% 1.3%

0.9%

0.8% 0.9% 1.0%

0.9% 0.9% 1.0%

0.9% 0.9% 0.8%

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

VAR

RatioCorpbanca

Ratio System

VaR weight on capital adequacy ratio (USD millions, %)1

| 30 |

CorpBanca Colombia | Liquidity

Source: CorpBanca Colombia,

1: Funding: Savings and Checking accounts, Term Deposit and Bonds

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 Basilea III (LCR y NSFR)

Ratio between Loan Portfolio and Funding (%, USD million)1

6.1 6.5 6.7 6.8 6.8 6.8 6.9 6.9 6.8 6.4 6.7 6.8 7.0 7.6 7.4 7.7 7.3 7.2

95.5% 96.5% 99.0% 97.0% 89.2% 92.2% 90.3%

95.1% 93.7%

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16

Net Loans

Deposits

Ratio

Liquid Coverage Ratio (IRL) USD BN)

0

0.5

1

1.5

2

2.5

IRL 7 Days

IRL 30 Days

IRL 90 Days

| 31 |

Recomposition of funding structure, higher liquidity costs and an increase in the Central Bank rates had an impact on the NIM. Over the last 3 months of the year the NIM stabilizes

Source: Superintendencia & CorpBanca Colombia

1. NIM Loans Interest – Deposits Interest expenses / Gross Loans includes the cost of bonds rediscounted loans and foreign currency loans. Annualized monthly NIM

2. 12 months net Income over 12 months average of equity and assets for Dec.14 Colgaap Accounting standards

3. Numbers as of november 2016

5.5 5.5 5.4 5.4 5.4 5.5 5.3 5.3 5.2 4.9 4.8 4.7 4.2

4.7 4.0 4.2 4.0

3.7 3.4 3.4 4.1 4.2 4.1 4.2

jan-15 feb-15 mar-15 apr-15 may-15 jun-15 jul-15 aug-15 sep-15 oct-15 nov-15 dec-15 jan-16 feb-16 mar-16 apr-16 may-16 jun-16 jul-16 aug-16 sep-16 oct-16 nov-16 dec-16

NIM CenBank Rate

NIM (%)1

7,5

4.5

CorpBanca Colombia | Net Interest Margin

5.2 2015 Average

4.0 2016 Average

Loans and Deposits Rates (%)

jan-15 feb-15 mar-15 apr-15 may-15 jun-15 jul-15 aug-15 sep-15 oct-15 nov-15 dec-15 jan-16 feb-16 mar-16 apr-16 may-16 jun-16 jul-16 aug-16 sep-16 oct-16 nov-16 dec-16

Loans

Bonds

TDs

CenBank

Savings

11,8

7,9

8,9

7,5

5,7

| 32 |

9.05% 9.50% 9.82% 9.29%

6.90%

16.86%

21.75%

13.18% 12.68% 14.30%

Bancolombia Bogotá Occidente CorpBanca Davivienda

1,052 241

811

282 7 1,100

Tier1/Deductions

Good will Tier 1 SubordinatedDebt

Other RegulatoryCapital

Tier 1

Consolidated

Tier1+Tier2

Consolidated

Non-

Consolidated

CorpBanca Colombia | Capital Ratios

Consolidated regulatory capital ratio Sep.16 1 (%) Non-consolidated regulatory capital ratio Dec. 16 (USD MM, %)

9,7%

13,1%

Since 2012 CorpBanca has reinvested its net profits. The bank shows a Non-consolidated regulatory capital ratio of 13,1% as of december, and a Consolidated regulatory capital ratio close to its peers on september 2016.

Source: Superintendencia & CorpBanca Colombia

Numbers as of december 2016

1: Source: Annual reports of each bank.

2: Consolidated numbers as of june 2016

13,47%

11,50%

12,24%

14,40%

12,38%

2

January 2017

Itaú CorpBanca Institutional Presentation