CORPBANCA/FI

CIK:0001276671|SEC Filings

Consolidated Statements of Income (Loss) - CLP ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Interest income	$ 3,177,133	$ 1,687,502	$ 1,549,674
Interest expense	(2,006,666)	(711,195)	(683,237)
Net interest income	1,170,467	976,307	866,437
Fee and commission income	263,140	226,809	204,378
Fee and commission expense	(90,141)	(73,267)	(63,379)
Net fee and commission income	172,999	153,542	140,999
Net income from financial operations	200,841	55,910	110,887
Net foreign exchange gain (loss)	(51,516)	149,165	(74,464)
Other operating income	34,229	29,278	65,578
Net operating profit before provision for loan losses	1,527,020	1,364,202	1,109,437
Provision for loan losses	(333,663)	(262,440)	(466,230)
NET OPERATING PROFIT	1,193,357	1,101,762	643,207
Personnel salaries and expenses	(341,498)	(306,720)	(292,191)
Administrative expenses	(298,112)	(257,970)	(257,753)
Depreciation and amortization	(96,187)	(101,583)	(126,444)
Impairment	(10)	(91)	(814,879)
Other operating expenses	(47,177)	(43,243)	(90,511)
Total operating expenses	(782,984)	(709,607)	(1,581,778)
TOTAL OPERATING INCOME (LOSS)	410,373	392,155	(938,571)
Income (loss) from investments in associates	2,429	(287)	(2,794)
Operating (loss) income before income taxes	412,802	391,868	(941,365)
Income taxes	30,558	(115,631)	115,210
Consolidated income (loss) from continuing operations	443,360	276,237	(826,155)
TOTAL CONSOLIDATED INCOME (LOSS) FOR THE YEAR	443,360	276,237	(826,155)
Attributable to:
Equity holders of the Bank	443,288	273,410	(808,784)
Non-controlling interest	$ 72	$ 2,827	$ (17,371)
Earnings (losses) per share attributable to equity holders of the Bank (in Chilean pesos)
Basic earnings (loss) per share	$ 0.455	$ 0.457	$ (1.578)
Diluted earnings (loss) per share	$ 0.455	$ 0.457	$ (1.578)

Consolidated Statements of Cash Flows - CLP ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Operating income (loss) before income taxes	$ 412,802	$ 391,868	$ (941,365)
Debits (credits) to income that do not represent cash flows
Depreciation and amortization	96,187	101,583	126,444
Provisions for loans and accounts receivable from customers and interbank loans	418,379	325,955	527,078
Provisions and write-offs for assets received in lieu of payment	24,006	282,176	4,006
Provisions for contingencies	986	1,038	3,119
Impairment	10	91	814,879
Net gain on sale of loans and accounts receivable from customers	(4,734)	(12,132)	(6,476)
Income received from Financial instruments at fair value through profit or loss	212,522	(60,655)	(64,410)
Income received from sale of Financial instruments at fair value through other comprehensive income	(23,123)	30,719	(58,092)
Net interest income	(1,170,467)	(976,307)	(866,437)
Fee and commission income	(263,140)	(226,809)	(204,378)
Fee and commission expense	90,141	73,267	63,379
Net foreign exchange gain (loss)	51,516	(149,165)	74,464
Net gain on sale of property, plant and equipment	2,875	(86)	131
Net gain on sale of assets received in lieu of payment	(3,684)	(5,758)	(3,287)
Net gain on sale of assets held for sale			(970)
Increase (decrease) on deferred tax assets and liabilities	21,759	(40,345)	(109,848)
Other charges (credits) that do not represent cash flows	(5,674)	(508)	39,013
Subtotal	(139,639)	(265,068)	(602,750)
Loans and accounts receivable from customers and interbank loans	(1,916,536)	(2,344,142)	745,029
Investments under resale agreements	443,404	(21,841)	(45,109)
Obligations under repurchase agreements	264,535	(172,845)	79,394
Financial instruments at fair value through profit or loss	(142,676)	67,766	17,895
Financial instruments at fair value through other comprehensive income	45,635	188,134	(1,749,279)
Financial instruments at amortized cost	(118,697)	(89,802)	4,039
Other assets and liabilities	(186,851)	(426,903)	111,619
Time deposits and other time liabilities	2,606,210	(1,335,621)	(187,123)
Deposits and other demand liabilities	(2,020,910)	1,378,689	1,323,958
Foreign borrowings obtained	4,206,362	3,225,153	3,326,628
Repayment of foreign borrowings	(4,506,966)	(2,456,214)	(2,450,227)
Interest paid	(1,062,046)	(638,567)	(597,602)
Interest received	2,079,164	1,639,859	1,471,570
Net fee and commission income	116,074	117,759	110,902
Taxes paid	(62,634)	(103,018)	(152,593)
Repayment of other borrowings		29,312	157
Proceeds from sale of assets received in lieu of payment	4,027	18,097	26,247
Net cash flows provided by (used in) operating activities	(391,544)	(1,189,252)	1,432,755
CASH FLOWS FROM INVESTMENT ACTIVITIES:
Purchase of property, plant and equipment and intangible assets	(57,812)	(46,170)	(67,675)
Sales of property, plant and equipment	4,076	98	157
Proceeds from sale of assets held for sale			1,550
Payments for investments in subsidiaries, net of cash acquired	(351,434)
Proceeds (payments) for investments in associates	1,763	(106)	(338)
Net cash flows provided by (used in) investing activities	(403,407)	(46,178)	(66,306)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowing obtained from the Central Bank of Chile		750,000	3,781,200
Payments of borrowings from the Central Bank of Chile			(1,524,000)
Debt instruments issued	1,049,243	794,125	408,402
Payments of debt issued	(746,838)	(470,437)	(935,094)
Payments of financial instruments of regulatory capital	(60,178)	(53,737)
Dividends paid	(83,332)	(2)	(127,086)
Payments of lease liabilities	(24,677)	(31,547)	(33,687)
Capital increase		825,305
Net cash flows provided by financing activities	134,218	1,813,707	1,569,735
Effect of changes in exchange rates	473,360	289,687	122,133
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(187,373)	867,964	3,058,317
Cash and cash equivalents at the beginning of the year	5,374,220	4,506,256	1,447,939
Cash and cash equivalents at end of the year	5,186,847	5,374,220	4,506,256
Net increase (decrease) in cash and cash equivalents	$ (187,373)	$ 867,964	$ 3,058,317

Consolidated Statements of Financial Position $ in Millions, $ in Millions	Dec. 31, 2022 CLP ($)	Dec. 31, 2021 CLP ($)
ASSETS
Cash and deposits in banks	$ 3,058,752	$ 3,473,392
Cash items in process of collection	494,994	438,496
Financial instruments at fair value through profit or loss	472,283	332,724
Financial instruments at fair value through other comprehensive income	3,735,290	3,660,450
Interbank loans at amortized cost	46,122	80,554
Financial derivatives contracts held for hedge accounting	138,548	83,123
Loans and accounts receivable from customers at amortized cost	25,711,811	23,795,548
Financial instruments at amortized cost	1,013,943	187,455
Investments under resale agreements	162,774	606,178
Financial derivatives contracts held for trading	3,617,792	2,897,803
Investments in associates	11,584	9,152
Intangible assets	693,790	699,344
Property, plant, and equipment	60,196	71,933
Right of use assets under lease agreements	89,539	110,781
Current taxes	88,353	58,184
Deferred taxes	274,612	272,211
Other assets	629,683	810,521
Other non-current assets held for sale	20,700	12,394
TOTAL ASSETS	40,320,766	37,600,243
LIABILITIES
Deposits and other demand liabilities	5,555,185	7,576,095
Cash in process of being cleared	456,957	424,358
Obligations under repurchase agreements	354,088	466,006
Time deposits and other time liabilities	12,703,653	10,097,443
Financial derivatives contracts held for trading	3,426,141	2,757,342
Financial derivatives contracts held for hedge accounting	218,733	168,245
Interbank borrowings	4,728,323	4,918,423
Debt instruments issued	6,547,807	5,609,795
Financial instruments of regulatory capital issued	1,263,169	1,153,045
Other financial liabilities	359,573	42,435
Lease contracts liabilities	94,575	115,544
Current taxes	77	1,332
Provisions	287,134	235,347
Other liabilities	1,007,562	709,612
TOTAL LIABILITIES	37,002,977	34,275,022
Attributable to equity holders of the Bank:
Capital	2,687,951	2,688,131
Reserves	227,839	467,279
Valuation accounts	(102,108)	(97,968)
Retained earnings (losses):	503,233	190,068
Retained earnings (accumulated losses) from prior years	190,068
Net income (loss) for the year	443,288	273,410
Less: Provision for mandatory dividends	(130,123)	(83,342)
Total equity attributable to equity holders of the Bank	3,316,915	3,247,510
Non-controlling interest	874	77,711
TOTAL EQUITY	3,317,789	3,325,221
TOTAL LIABILITIES AND EQUITY	$ 40,320,766	$ 37,600,243