UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2022

 

(Commission File No. 001-32305)

 


 

ITAÚ CORPBANCA

(Translation of registrant’s name into English)

 


 

Av. Presidente Riesco 5537

Las Condes

Santiago, Chile

(Address of registrant’s principal executive office)

 


Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F

  Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):

 

Yes

  No

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):

 

Yes

  No

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes

  No


On July 29, 2022, Itaú Corpbanca published a press release announcing its Management Discussion & Analysis Report for the quarter ended June 30, 2022. The press release and Itaú Corpbanca’s Management Discussion & Analysis Report for the quarter ended June 30, 2022 are attached hereto as Exhibit 99.1.

On August 9, 2022, Itaú Corpbanca published on its website its results as of and for the seven-month periods ended July 31, 2022 and 2021, which are attached hereto as Exhibit 99.2.

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EXHIBIT INDEX

Exhibit

Description

99.1

Itaú Corpbanca’s press release and Management Discussion & Analysis Report for the quarter ended June 30, 2022.

99.2

Itaú Corpbanca’s results as of and for the seven-month periods ended July 31, 2022 and 2021.


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

 

 

 

ITAÚ CORPBANCA

 

(Registrant)

 

 

 

 

 

By:

/s/ Cristián Toro Cañas

 

Name:

Cristián Toro Cañas

 

Title:

General Counsel

 

Date: August 10, 2022.



Exhibit 99.1

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Itaú Corpbanca Announces Second Quarter 2022 Management Discussion & Analysis Report SANTIAGO, Chile, July 29, 2022 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today its Management Discussion & Analysis Report (“MD&A Report”) for the second quarter ended June 30, 2022. For the full MD&A Report, please refer to the following link. https://ir.itau.cl/files/doc_financials/2022/q2/Itau-Corpbanca-2Q22-MD-A.pdf On Tuesday, August 2, 2022, at 11:00 A.M. Santiago time (11:00 A.M. ET), the Company’s management team will host a conference call to discuss the financial results. The call will be hosted by Gabriel Moura, Itaú Corpbanca’s Chief Executive Officer and Rodrigo Couto, Itaú Corpbanca’s Chief Financial Officer. Conference Call Details: Online registration: https://conferencingportals.com/event/LcAnNmZD Phone registration: +1 (800) 770-2030 or +1 (647) 362-9199 Upon registering, each participant will be provided with call details and a registrant ID used to track attendance on the conference call (Access Code: 61362#). Reminders will also be sent to registered participants via email. Please provide this registration information to those participants that you would like to attend your conference call. Telephone and Virtual Q&A session: Telephone Q&A session will be available as well as written Q&A through a box on the console, where attendees can type in their questions. We will read and answer selected questions verbally. Slides and Audio Webcast: There will also be a live, and then archived, webcast of the conference call, available through the Company’s website. Participants in the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The webcast can be found at: https://events.q4inc.com/attendee/202320544 Webcast will be available on-demand via the same address as the live event afterwards. Investor Relations – Itaú Corpbanca +56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl

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Itau.cl Itaú Chile Itauchile itauchile Management Discussion & Analysis and Complete Balance sheet & income statements 2Q22

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3 5 19 21 23 43 33 49 52 Additional Information Complete Balance sheet & income statements 60 Report of Independent Auditors Table of Contents Management Discussion & Analysis Income Statement and Balance Sheet Analysis Managerial results - Breakdown by country Managerial results - Breakdown for Chile Managerial results - Breakdown for Colombia Balance Sheet Risk and Capital Management Access here 7 Executive Summary

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Management Discussion & Analysis

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6 This report is based on Itaú Corpbanca reviewed financial statements for 2Q22, 1Q22 and 2Q21 prepared in accordance with the Compendium of Accounting Standards issued by the Chilean Commission for the Financial Market (Comisión para el Mercado Financiero, or “ CMF ”) pursuant to Chilean Generally Accepted Accounting Principles (Chilean GAAP), which conform with the International Financial Reporting Standards issued by the International Accounting Standards Board (IASB) to the extent that there are not specific instructions or regulations to the contrary issued by the CMF. Solely for the convenience of the reader, U.S. dollar amounts (US$) in this report have been translated from Chilean nominal peso (Ch$) at our own exchange rate as of June 30, 2022 of Ch$925.30 per U.S. dollar. Industry data contained herein has been obtained from the information provided either by the CMF or the Colombian Superintendency of Finance (Superintendencia Financiera de Colombia, or “ SF ”). Certain figures included in this Quarterly Report for the three months ended June 30, 2022 and 2021, for the three months ended March 31, 2022 and for the six - month periods ended June 30, 2022 and 2021 have been rounded for ease of presenta- tion. Percentage figures included in this Quarterly Report have in all cases not been calculated on the basis of such rounded figures but on the basis of such amounts prior to rounding. For this reason, percentage amounts in this Quarterly Report may vary slightly from those obtained by performing the same calculations using the figures in our consolidated financial state- ments and our managerial information. Certain other amounts that appear in this Quarterly Report may similarly not sum due to rounding. As used in this MD&A Report, the term “ billion ” means one thousand million (1,000,000,000) and the term “ trillion ” means one million million (1,000,000,000,000).

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Executive Summary 01 Management Discussion & Analysis and Complete Balance sheet & income statements

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8 Management Discussion & Analysis Executive Summary Results Performance Balance Sheet Competitive Environment Itaú Corpbanca operates in the financial market registering its headquarters in Chile, complemented by its operations in Colo mbi a and Panama, a branch in New York and a representative office in Lima, Peru. It seeks to offer its clients a complete set of finan cia l solutions that include credit products, investment, insurance, among other financial services, complemented by a multichannel service model cov ering the provision of physical and digital branches, as well as mobile channels (APP and web). Financial Industry Results Loan growth Macroeconomic scenario In June 2022, the financial industry in Chile reached a total of Ch$217.8 trillion (excluding operations in Colombia and BCI Florida), presenting a growth of 5.4% compared to March 2022 and 14.2% compared to the same month of the previous year. The composition of the portfolio does not register significant changes in relation to the previous quarter, where 55.7% is explained by commercial loans, 32.2% by mortgage loans and 12.2% by consumer loans. When compared with the 12 months composition, consumer stands out for registering a 39bps participation increase within the total portfolio. In this scenario, Itaú Corpbanca Chile achieved a market share of 9.8% in total loans, 11.0% in commercial loans, 7.9% in consumer loans and 8.5% in mortgag- es loans. Compared to the previous quarter, Itaú Corpbanca recorded a growth of 11bps in total participation, driven by a higher share in commercial loans, while compared to June 2021, a gain of 9bps is recorded in the total market share, explained by a higher share in consumer loans by 48bps and a gain of 37bps in mortgage loans. Chile: During 2Q22, GDP was expected to increase 6% YoY (7.2% in 1Q22) while the trade surplus narrowed amid still upbeat imports, pulled up by energy imports and consumption goods. Meanwhile, copper exports weakened, but lithium sales acted as a buffer. Infla- tion increased 0.9% from May to June, leading to an annual variation of 12.5% (11.5% in May), driven by food, energy and services, while goods price pressures eased. Additionally, significant CLP deprecia- tion kept inflation expectations well above the 3% target. The board of the Central Bank concurred that the 75bps option that it had chosen (bringing the policy rate to 9%) was consistent with the central rate path outlined in the 2Q Monetary Policy Report (IPoM), while also providing more degrees of freedom for additional hikes (of a smaller magnitude) in the months ahead. Inflationary pressures continued to rise in the short term, while the weaker CLP stood in the way of disinflation. Considering short - term price tracking and the passthrough from double - digit CLP deprecia- tion, we have raised our yearend inflation forecast by 2.2% to 12%, while we continue to expect the policy rate to peak at 10%, but risks tilt to a higher terminal rate. Colombia: In the second quarter of 2022, activity dynamics have remained upbeat, boosted by the manufacturing and service sectors. GDP was expected to grow by around 10% year over year in 2Q22. Inflation rose to 9.67% in June from 9.07% in May, while core inflation rose 24bps to 6.22%, the highest rate since September 2016 and well above the upper bound of the Central Bank ’ s range around the 3% target. The board of the Central Bank opted unanimously to move from the 100bps rate hike pace implemented in the previous three meetings to a 150bps adjustment, taking the policy rate to 7.5% in June. The larger rate increase is deemed compatible with the strength of economic activity, sustained employment gains and inflation expectations exceeding the 3% target. Business sentiment is still upbeat, terms of trade are favorable and activity dynamics have led us to revise our growth forecast for this year upward by 30bps, to 6.3%. Large external imbalances, higher risk premium and political volatility in a time of tightening financial conditions would lead to a weaker Colombian peso with which we forecast inflation of 9.0% for 2022 amid solid domestic demand, pressured by fuel and food prices. Given rising inflation expectations and signs of solid activity dynamics, the Central Bank is likely to continue raising rates aggressively. trillion 5.4% (2Q22/1Q22) 14.2% (2Q22/2Q21) Loans Ch$ 217.8 Commercial 55.7% Consumer 12.2% Mortgage 32.2%

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9 Management Discussion & Analysis Executive Summary In Ch$ million (except where indicated), end of period 2Q22 1Q22 2Q21 6M22 6M21 Recurring Net Income 145,370 110,845 70,773 256,214 165,901 373,069 317,011 255,966 690,080 572,276 Operating Revenues 1 Managerial Financial Margin 323,984 271,323 214,459 595,307 491,221 Recurring Return on Tangible Avg. assets (RoTAA) 2 3 1.5% 1.2% 0.8% 1.4% 1.0% Recurring Return on Tangible Avg. equity (RoTAE) 22.1% 16.9% 16.0% 19.4% 18.7% Recurring Return on Avg. assets (RoAA) 2 1.5% 1.2% 0.8% 1.4% 1.0% Recurring Return on Avg. equity (RoAE) 2 5 24.0% 13.8% 12.2% 15.9% 14.3% Risk Index (Loan loss allowances / Total loans) 2.8% 3.1% 3.3% 2.8% 3.3% Non - performing Loans Ratio 90 days overdue (NPL) - Total 2.0% 1.8% 2.6% 2.0% 2.6% Non - performing Loans Ratio 90 days overdue (NPL) - Chile 1.8% 1.6% 2.3% 1.8% 2.3% Non - performing Loans Ratio 90 days overdue (NPL) - Colombia 2.8% 2.9% 3.9% 2.8% 3.9% Coverage Ratio (Loan Losses/NPL 90 days overdue) - Total 139.2% 169.0% 127.0% 139.2% 127.0% Efficiency Ratio (Non - interest expenses / Operating revenues) 45.3% 49.0% 58.4% 47.0% 53.7% Risk - Adjusted Efficiency Ratio (RAER) 6 65.3% 62.6% 68.6% 64.1% 65.0% Total Assets 40,326,097 37,618,601 34,402,380 Gross Total Credit Portfolio 26,568,958 24,839,147 22,872,905 Total Deposits 18,253,032 17,499,666 16,820,482 Loan Portfolio / Total Deposits 145.56% 141.94% 135.98% Shareholders Equity 3,245,916 3,136,852 2,297,933 Tangible Equity 4 2,689,441 2,543,947 1,750,136 Headcount 7 7,669 7,816 8,200 Chile 5,210 5,177 5,187 Colombia 2,459 2,639 3,013 Branches 8 261 272 297 Chile 174 186 189 Colombia 87 86 108 ATM – Automated Teller Machines 463 477 525 Chile 356 370 402 Colombia 107 107 123 Notes: (1) Operating Revenues = Managerial Financial Margin + Commissions and fees. (2) Annualized figures when appropriate. (3) Total tangible assets = Total assets excluding goodwill and intangibles from business combination. (4) Tangible equity = Shareholders equity - goodwill - intangibles from business combination - related deferred tax liabilities; for further details see page 47 of this report. (5) Equity = Shareholders equity. (6) Starting 3Q19 we are adding the cost of credit to the non - interest expenses for the calculation of the risk - adjusted efficiency ratio, instead of deducting it from the operating revenues. Previous quarters have been recalculated for comparison purposes. (7) Headcount for Chile includes employees of our New York branch and since 1Q18 also from our RepOffice in Lima; and headcount for Colombia includes employees of Itaú (Panamá). (8) Branches for Chile include one branch in New York and branches for Colombia include one office in Panama. Results Performance Balance Sheet Other Itaú Corpbanca Financial Information The financial information included in this Management Discussion & Analysis Report (“ MD&A Report ”) is based on our managerial model that we adjust for non - recurring events and for additional reclassifications of P&L lines in order to provide a better understanding of our performance. Please refer to pages 11, 12 and 13 of this report for further details on our managerial model. Below we present the consolidated managerial and operating information of Itaú Corpbanca for the three months ended June 30, 2022 and 2021, for the three months ended March 31, 2022 and as of June 30, 2022 and 2021. Financial Highlights

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10 Management Discussion & Analysis Executive Summary Highlights Indicators In Ch$ million (except where indicated), end of period 2Q22 1Q22 2Q21 6M22 6M21 Total Outstanding shares (Thousands) 973,517.87 973,517.87 512,406.76 973,517.87 512,406.76 Book Value per share (Ch$) 3.334 3.222 4.485 3.334 4.485 Diluted Recurring Earnings per share (Ch$) 0.149 0.114 0.138 0.263 0.324 Accounting Diluted Earnings per share (Ch$) 0.139 0.109 0.132 0.248 0.308 Diluted Recurring Earnings per ADR (US$) 0.242 0.217 0.283 0.427 0.664 Accounting Diluted Earnings per ADR (US$) 0.225 0.208 0.271 0.402 0.632 Dividend (Ch$ million) n.a. 277,806 n.a. 277,806 n.a. Dividend per share (Ch$) n.a. 0.0856 n.a. 0.0856 n.a. Market capitalization (Ch$ billion) 1,671.53 1,703.66 1,040.70 1,671.53 1,040.70 Market capitalization (US$ billion) 1.8 2.2 1.4 1.8 1.4 Solvency Ratio - BIS Ratio 9 15.07% 15.50% 13.03% 15.07% 13.03% Shareholders' equity / Total assets 8.05% 8.34% 6.68% 8.05% 6.68% Shareholders' equity / Total liabilities 8.75% 9.10% 7.17% 8.75% 7.17% Ch$ exchange rate for US$1.0 925.3 785.6 731.91 925.3 731.91 COP exchange rate for Ch$1.0 0.2230 0.2094 0.1949 0.2230 0.1949 Monetary Policy Interest Rate - Chile 10 8.3% 7.0% 0.5% 8.3% 0.5% Monetary Policy Interest Rate - Colombia 10 6.0% 4.0% 1.8% 6.0% 1.8% Quarterly UF variation - Chile 11 4.2% 2.4% 1.1% 6.6% 2.2% Quarterly CPI variation - Chile 3.7% 3.4% 0.7% 7.1% 2.0% Quarterly CPI variation - Colombia 2.7% 4.4% 1.6% 7.1% 3.1% Indicators Highlights Notes: (9) BIS Ratio= Regulatory capital / RWA, according to CMF current definitions for 2022 and to prior CMF BIS I definitions for 2Q2 1. (10) End of each period. (11) UF (Unidad de Fomento) is an official unit of account in Chile that is constantly adjusted for inflation and widely used in Chile for prici ng several loans and contracts. The monitoring and management of Itaú Corpbanca's performance is carried out through the monitoring of critical financial ind ica tors such as its level of Efficiency, delinquency rates, RoTE and return on capital, among others, which are analyzed in detail in this qu arterly disclosure document. Regarding the measurement of “ non - financial ” indicators , Itaú Corpbanca continuously monitors key variables within the framework of its vision as a leading bank in sustainable performance and customer satisfaction , highlighting the measurements of NPS (Net Promoter Score, adopted since 2019), staff turnover rates, gender composition, climate measurements, shared value and social impact, a mon g others; indicators that are presented and analyzed on a recurring basis in the annual disclosures of the Bank's Annual Report (see de tai ls in Annual Report 2021 available in https://s2.q4cdn.com/476556808/files/doc_financials/2021/ar/ITCB_Memoria - Integrada - Anual - 2021.pdf )

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11 Management Discussion & Analysis Executive Summary Highlights Indicators Indicators Highlights In Ch$ million 2Q22 1Q22 2Q21 6M22 6M21 Net Income Attributable to Shareholders (Accounting) 135,338 106,146 67,671 241,484 157,893 Non - Recurring Events 10,032 4,699 3,102 14,730 8,008 (a) Transaction Costs 937 705 148 1,642 148 (b) Goodwill impairment and amortization/impairment of intangible generated through business combinations 5,424 5,424 5,424 10,848 10,848 (c) Provisions, impairment and accelerated depreciation - - (3) - 1,294 (d) Provisions for restructuring 8,291 - - 8,291 - (e) Other Costs 339 308 1,738 648 1,738 Tax Effects (4,960) (1,738) (4,204) (6,698) (6,019) Recurring Net Income Attributable to Shareholders (Managerial) 145,370 110,845 70,773 256,214 165,901 Non - Recurring Events Net Income and Recurring Net Income Events that we have considered non - recurring correspond to: (a) Transaction 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. (b) Goodwill impairment and amortization/impairment of intangible generated through business combinations: Amortization of intangi- bles arising from business combination, such as customer relationships. (c) Provisions, impairment and accelerated depreciation: Considers (i) provisions for physical structure restructuring; (ii) impairment of intangible technology assets related to the systems consolidation process; and (iii) impairment and accelerated depreciation of fixed assets related to footprint revision and migration to a Remote First working model. (d) Provisions for restructuring: Costs related to the optimization of the physical infrastructure in Chile and to the operational and digital transformation in Colombia. (e) Other Costs: Mainly due to provisions related to the systems consolidation process generated in the Itaú - Corpbanca integration and costs related to the capital increase made by the Bank. Our recurring net income attributable to shareholders totaled Ch$145,370 million in the second quarter of 2022, compared to an accounting net income of Ch$135,338 million for the same period, as non - recurring items are being subtracted. Figures are presented in the following table:

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12 Management Discussion & Analysis Executive Summary Managerial Income Statement U.S. dollar Colombian peso Ch$ 925.30 Ch$ 0.2230 +17.8% + 26.4% (2Q22/1Q22) +6.5% (2Q22/2Q21) +14.4% (2Q22/2Q21) Our managerial financial model reflects how management measures and analyzes financial performance by disaggregating commercial perfor- mance, financial risk management, credit risk and costs control. For our managerial results, we adjust for non - recurring events that affect accounting net income (as detailed on the previous page) and apply managerial criteria to disclose our income statements. Regarding the latter, our managerial criteria affects the breakdown of our income statement but does not impact our net income. Among the managerial adjustments, we highlight the tax effects of the hedge of our invest- ments abroad, originally accounted for as income tax expense on our Net Income and subsequently reclassified as financial margin, the reclassifi- cation of foreign exchange hedge positions of US dollars denominated provisions, the reclassification of country - risk provisions, the provisions for assets received in lieu of payment, provisions and write - off of assets received in lieu of payment, and the reclassification of provisions for our credit card loyalty program. These reclassifications enable us to carry out a business analysis from management ’ s perspective. Beginning with the first quarter of 2019 we have been disclosing our income statement in the same manner as we do internally, incorporating additional P&L reclassifications. One important change to highlight would be the Managerial Financial Margin disclosure as it is shown in the table on page 14 ( Accounting and Managerial State- ments Reconciliation) of this report together with our previous P&L reclassifications. With regards to the hedging of investments abroad, our strategy for foreign exchange risk management is aimed at mitigating t he effects of foreign exchange variations through financial instruments and includes the impact of all tax effects. As the consolidated financial statements for Itaú Corpbanca uses the Chilean peso as its functional currency, foreign currenc ies are translated into Chilean peso. In the second quarter of 2022, the Chilean peso depreciated 6.5% against the Colombian peso, compared to an appreciation of 0.4% in the previous quarter. In addition, the Chilean peso depreciated 17.8 % against the U.S. dollar in the second quarter of 2022. Approxi- mately 34% of our loan portfolio is denominated in, or indexed to, foreign currencies. We present below the foreign exchange variation of the Chilean peso against the U.S. dollar and the Colombian peso: For tax purposes, the Chilean Internal Revenue Service ( Servicio de Impuestos Internos or “ SII ”) considers that our investment in Colombia is denominated in U.S. dollars, which based on the exchange rates of each of disburse- ments (not current exchange rates) is US$2,207 million. This amount considers the acquisition of shares of Itaú Corpbanca Colombia from Helm LLC and Kresge Stock Holding Company announced to the market in December 3, 2019 for approximately US$334 million and the acquisi- tion of an additional 12.36% share ownership in Itaú Corpbanca Colombia on February 22, 2022 for approxi- mately US$414 million. As we have to translate the valuation of this investment from U.S. dollar to Chilean peso in our books each month, the volatility of the exchange rate generates an impact in the net income attributable to shareholders. In order to limit that effect, management has decided to hedge this exposure with derivatives to be analyzed along with income tax expenses. In addition to the New York Branch, in the first quarter of 2020, management decided to consider other investments in its hedge strategy with derivatives, also to be analyzed along with income tax expenses (total exposure US$182 million). (2Q22/1Q22) Main foreign exchange variations of the Chilean peso

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13 Management Discussion & Analysis Executive Summary We present below a detailed reconciliation from our accounting income statements to our managerial income statements before adding/deducting non - recurring events as previously described. Even though the example below has been prepared with 2Q22 figures, it can be used to replicate any period : Managerial Income Statement in Ch$ million 2Q22 in Ch$ million 2Q22 1 Interest Income 826,372 Operating Revenues 524,877 1 Interest Expense (523,654) 1 Managerial Financial Margin 457,405 Net Interest Income 302,718 Financial Margin with Clients 256,465 2 Fees and commission income 67,472 Financial Margin with the Market 200,940 4 Fees and commission expense (20,944) 2 Commissions and Fees 67,472 Net fee and commission income 46,528 3 Cost of Credit (77,874) 1 Total financial transactions, net 149,078 Provision for Loan Losses (93,149) 1 Other operating income 4,617 Recovery of Loans Written Off as Losses 15,275 Total operating income 502,942 Credit Value Adjustment (or “ CVA ”; ratings and colla - terals effects) - 3 Provision for Loan Losses (92,456) 4 Non - interest Expenses (205,033) 3 Recoveries from loans written - off as losses 15,275 Personnel Expenses (85,234) 3 Result of non - current assets (693) Administrative Expenses (96,393) Net operating income 425,068 Depreciation, Amortization and Impairment (23,406) 4 Personnel expenses (85,234) Income before Tax and Minority Interests 241,970 4 Administrative expenses (71,311) 5 Income tax expense (106,631) 4 Depreciation and amortization (23,404) 6 Minority Interests in Subsidiaries (1) 4 Impairments (2) Net Income attributable to Shareholders 135,338 4 Other operating expenses (4,138) Total operating expenses (184,089) Operating Income 240,979 1 Income from investments in other companies 991 Income before taxes 241,970 5 Income tax expense (106,631) Net Income 135,340 6 Minority interests (1) Net Income attributable to Shareholders 135,338

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14 Management Discussion & Analysis Executive Summary Accounting and Managerial Income Statements Reconciliation In Ch$ million Accounting Managerial Reclassifications Tax Effect of Hedge Non - recurring Events Managerial Operating Revenues 524,877 (25,205) (127,505) 902 373,069 Managerial Financial Margin 457,405 (6,818) (127,505) 902 323,984 Financial Margin with Clients 256,465 19,725 - - 276,190 Financial Margin with the Market 200,940 (26,542) (127,505) 902 47,794 Commissions and Fees 67,472 (18,387) - - 49,085 Cost of Credit (77,874) 3,284 - - (74,590) Provision for Loan Losses (93,149) (2,138) - - (95,287) Recovery of Loans Written Off as Losses 15,275 2,837 - - 18,112 Credit Value Adjustment (or “ CVA ”; ratings and collaterals effects) - 2,584 - - 2,584 Non - interest Expenses (205,033) 21,734 - 14,134 (169,165) Personnel Expenses (85,234) (3,016) - 8,336 (79,914) Administrative Expenses (96,393) 18,985 - 375 (77,033) Depreciation, Amortization and Impairment (23,406) 5,764 - 5,424 (12,219) Income before Tax and Minority Interests 241,970 (187) (127,505) 15,036 129,314 Income Tax Expense (106,631) 159 127,505 (4,977) 16,057 Minority Interests in Subsidiaries (1) 29 - (28) (1) Recurring Net Income 135,338 - - 10,032 145,370 Accounting and Managerial Income Statements Reconciliation | 2 nd Quarter of 2022 Accounting and Managerial Income Statements Reconciliation | 1 st Quarter of 2022 In Ch$ million Accounting Managerial Reclassifications Tax Effect of Hedge Non - recurring Events Managerial Operating Revenues 299,049 (25,428) 42,686 705 317,011 Managerial Financial Margin 237,125 (9,192) 42,686 705 271,323 Financial Margin with Clients 258,696 (10,136) - - 248,560 Financial Margin with the Market (21,571) 944 42,686 705 22,763 Commissions and Fees 61,924 (16,236) - - 45,688 Cost of Credit (38,755) (4,206) - - (42,961) Provision for Loan Losses (53,741) (4,657) - - (58,398) Recovery of Loans Written Off as Losses 14,986 706 - - 15,691 Credit Value Adjustment (or “ CVA ”; ratings and collat- erals effects) - (255) - - (255) Non - interest Expenses (190,900) 29,817 - 5,732 (155,352) Personnel Expenses (73,493) 512 - - (72,981) Administrative Expenses (94,700) 23,935 - 308 (70,457) Depreciation, Amortization and Impairment (22,707) 5,369 - 5,424 (11,914) Income before Tax and Minority Interests 69,393 182 42,686 6,437 118,698 Income Tax Expense 36,774 37 (42,686) (1,738) (7,613) Minority Interests in Subsidiaries (21) (220) - - (240) Recurring Net Income 106,146 - - 4,699 110,845

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15 Management Discussion & Analysis Executive Summary We present below the managerial income statements with the reclassification and non - recurring adjustments described above: 2 nd quarter of 2022 Income Statement In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Operating Revenues 373,069 317,011 17.7% 56,058 255,966 45.7% 117,103 690,080 572,276 20.6% 117,804 Managerial Financial Margin 323,984 271,323 19.4% 52,661 214,459 51.1% 109,524 595,307 491,221 21.2% 104,086 Financial Margin with Clients 276,190 248,560 11.1% 27,630 201,880 36.8% 74,309 524,750 397,431 32.0% 127,319 Financial Margin with the Market 47,794 22,763 110.0% 25,031 12,579 280.0% 35,215 70,557 93,790 - 24.8% (23,233) Commissions and Fees 49,085 45,688 7.4% 3,397 41,506 18.3% 7,579 94,773 81,055 16.9% 13,718 Cost of Credit (74,590) (42,961) 73.6% (31,629) (26,031) 186.5% (48,559) (117,551) (64,826) 81.3% (52,726) Provision for Loan Losses (95,287) (58,398) 63.2% (36,889) (40,643) 134.4% (54,643) (153,684) (93,144) 65.0% (60,540) Recovery of Loans Written Off as Losses 18,112 15,691 15.4% 2,421 14,442 25.4% 3,670 33,804 29,851 13.2% 3,953 Credit Value Adjustment (or “ CVA ”; ratings and collaterals effects) 2,584 (255) - 2,839 170 1416.5% 2,414 2,329 (1,532) - 3,862 Non - interest Expenses (169,165) (155,352) 8.9% (13,813) (149,581) 13.1% (19,584) (324,517) (307,183) 5.6% (17,334) Personnel Expenses (79,914) (72,981) 9.5% (6,933) (71,312) 12.1% (8,602) (152,894) (141,914) 7.7% (10,980) Administrative Expenses (77,033) (70,457) 9.3% (6,576) (66,184) 16.4% (10,848) (147,490) (141,810) 4.0% (5,680) Depreciation. Amortization and Impairment (12,219) (11,914) 2.6% (305) (12,084) 1.1% (134) (24,132) (23,459) 2.9% (674) Income before Tax and Minority Interests 129,314 118,698 8.9% 10,616 80,354 60.9% 48,960 248,012 200,267 23.8% 47,744 Income Tax Expense 16,057 (7,613) - 23,669 (9,534) - 25,590 8,444 (32,862) - 41,306 Minority Interests in Subsidiaries (1) (240) - 99.8% 240 (47) - 98.8% 46 (241) (1,504) - 84.0% 1,263 Recurring Net Income 145,370 110,845 31.1% 34,525 70,773 105.4% 74,596 256,214 165,901 54.4% 90,313

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16 Management Discussion & Analysis Executive Summary Return on Average Tangible Equity 1 Recurring Net Income Results Net income analysis presented below is based on the Managerial Income Statement with the adjustments shown on pages 11 and 12 : Ch$ 145.4 billion for the 2Q22 Highlights in 2Q22 For further details by country see page 40 Highlights of the quarter The Recurring Net Income amounted to Ch$145.4 billion in the second quarter of 2022, which represents an increase of 31.1% over the previ- ous quarter and a growth of 105.4% compared to the same period of 2021. As a result, the managerial return on average tangible equity was 22.1% as of June 30, 2022. In Chile, the Recurring Net Income totaled Ch$151.6 billion, presenting an increase of 35.5% compared to the previous quarter, driven by higher Operating Revenues generated from the quarter's inflation hike. When compared to the same period of 2021, the Recurring Net Income of this quarter is higher, due to higher results in Managerial Financial Margin, associated with the growth of portfolios, increase in interest rates and rise in inflation for the quarter. In constant currency, Colombia's Recurring Net Income totaled a loss of Ch$6.3 billion, a decrease compared to 1Q22, as a result of higher Non - interest Expenses and increase in the Cost of Credit of the quarter. Compared to the second quarter of 2021, the Recurring Net Income shows a decrease of 355.8%, as a result of the lower profits generated in the Financial Margin with the Market, given the market volatility observed in 2Q22 and the 6.3% increase in Non - interest Expenses. 22.1 % The annualized recurring return on average tangible equity reached 22.1% in the second quarter of 2022, 5.2 percentage points above the value recorded in the previous quarter and 6.1 percentage points higher than the ratio observed in the second quarter of 2021. Average tangible shareholders equity totaled Ch$2,628.3 billion, presenting a 0.4% increase compared to the last quarter and a 48.7% increase compared to the same quarter of 2021, impacted by the capital increase made by the Bank. Annualized recurring return on average assets ex - goodwill and ex - intangibles from business combinations reached 1.5% in the second quarter of 2022, showing a 32bps increase when compared to the previous quarter and 69bps increase when compared to the second quarter of 2021, driven by the higher results recorded in 2022. For further details by country see page 47 (1) Tangible Equity: Shareholders equity net of goodwill, intangibles from business combination and related deferred tax liabilities. Ch$ million 70,773 58,969 82,365 110,845 145,370 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 +31.1% +54.4% 165,901 256,214 6M21 6M22 +105.4% 16.0% 13.2% 13.9% 16.9% 22.1% 18.7% 19.4% 0.8% 0.7% 0.9% 1.2% 1.5% 1.0% 1.4% 10.0% 15.0% 20.0% 25.0% 30.0% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 6M21 6M22 -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% Annualized Recurring Return on Average Equity (quarterly) Annualized Recurring Return on Average Assets (quarterly) +6.1pp +5.2pp +0.7pp

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17 26,031 53,890 85,099 42,961 74,590 64,826 117,551 0.5 0.9 1.4 0.7 1.2 0.6 1.0 -2.0 -1.6 -1.2 -0.8 -0.4 - 0.4 0.8 1.2 1.6 2.0 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 6M21 6M22 - 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Cost of credit (Ch$ million) Cost of credit / Loan portfolio - Annualized (%) +73.6pb +48.1pb +38.4pb Financial Margin with Clients Cost of Credit Ch$ 276.2 billion For further details by country see pages 24 and 34 Ch$ 74.6 billion Commissions and Fees Efficiency Ratio For further details by country see pages 26 and 36 45.3 % Financial Margin with Clients increased 11.1% in the second quarter of 2022, when compared to the previous quarter, due to higher results of liabilities and capital observed in Chile and Colombia, as a result of the higher monetary policy rates observed in both countries. When compared to the second quarter of 2021, our Financial Margin with Clients increased by 36.8%, due to the growth of the portfolios of assets and liabilities, the higher value of the average TPM in force to date (in Chile and Colombia) and the impact of the capital increase made by the Bank. In the second quarter of 2022, our Efficiency Ratio decreased by 3.7 per- centage points compared to the previous quarter, totaling 45.3%, mainly due to the 17.7% increase in Operating Revenues offsetting the 8.9% increase in Non - interest Expenses. When compared to the second quarter of 2021, the efficiency ratio de- creased 13.1 percentage points, mainly due to the 45.7% increase in Operat- ing Revenues. Cost of Credit in the second quarter of 2022 increased 73.6% when compared to the previous quarter, mainly due to the recognition of additional provi- sions for Ch$15.0 billion in 2Q22, portfolio growth and one - off adjustments in provisions of credits of specific wholesale clients. When compared to the second quarter of 2021, Cost of Credit increased by 186.5%, mostly due to positive effects registered in the Cost of Credit during 2Q21 as a result of the economic support applied in the COVID - 19 pandemic, mainly in Chile. 41,506 48,066 41,110 45,688 49,085 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 81,055 94,773 6M21 6M22 +7.4% +16.9% +18.3% Ch$ 49.1 billion Commissions and Fees increased by 7.4% when compared to the previous quarter, explained by higher commissions associated with Wholesale banking activity, both in Chile and Colombia (Financial Advisory commis- sions). When compared to the second quarter of 2021, Commissions and Fees increased by 18.3%, primarily due to higher results in Financial Advisory commissions both in Chile and Colombia. Additionally, there were improve- ments in the results of Insurance Brokerage and Current Account Services and Overdraft Fees, observed mainly in Chile. For further details by country see pages 31 and 41 Management Discussion & Analysis Executive Summary For further details by country see pages 27 and 37 201,880 207,861 249,243 248,560 276,190 397,431 524,750 2.76 2.75 3.14 3.20 3.46 2.74 3.33 -3.00 -2.00 -1.00 - 1.00 2.00 3.00 4.00 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 6M21 6M22 Financial Margin with Clients Financial margin with clients (annualized average rate) +70.0pb +26.0pb +59.4pb Ch$ million Ch$ million Ch$ million - 13.09% - 6.65% - 3.66% 58.4% 58.6% 51.9% 49.0% 45.3% 53.7% 47.0% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 6M21 6M22 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 6M21 6M22

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18 Management Discussion & Analysis Executive Summary 2022 Forecast The historical results, the analysis of the trends observed in critical business variables (levels of portfolio growth, retur ns, risk and expense control, among others), capital requirements; as well as the analysis and continuous review of the general environmen t i n which the Bank's commercial activity is carried out (macroeconomic, social, regulatory, etc.) constitute the basis for the de fin ition of the financial objectives generated in the annual strategic planning process, which are finally translated into the measuremen t o f Forecast that establishes the base framework for the development and focus of the commercial actions of the year. In this way, for the year 2022 the Forecast Bank considers: Although the growth plans and projections of results presented above are based on management assumptions and information avai lab le in the market at the beginning of 2022, these expectations involve inaccuracies and risks that are difficult to anticipate and there ma y be, therefore, results or consequences that differ from those anticipated. This information is not a guarantee of future performance. The use of the se expectations should take into consideration the risks and uncertainties that involve any activities and that are beyond our control. These risks and uncertainties include, but are not limited to, our ability to perceive the dimension of the synergies projected and their timing, political and econ omi c changes, volatility in interest and foreign exchange rates, technological changes, inflation, financial disintermediation, competitive pressures on pro ducts, prices and changes in tax legislation, among others. (1) Net provision for credit & counterparty risks below inflation increasing as interest rates rise high single digit Financial margin with clients average rate Loan growth Cost of credit risk 1 Non - Interest Expenses growth range from 0.7% to 1.0% Expected

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Income Statement and Balance Sheet Analysis 02 Management Discussion & Analysis and Complete Balance sheet & income statements

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21 Management Discussion & Analysis Income Statement Analysis Managerial Results | Breakdown by Country The financial results of Itaú Corpbanca in Chile include some expenses associated with our Colombian operations. To provide a clear view of the contribution of each operation to the consolidated financial results we have reclassified from Chile to Col omb ia: • the cost of derivative structures used to hedge the investment and its related tax effects; and • other results and overhead costs from Colombia in Chile. For more details on managerial information, please refer to pages 11, 12 and 13 of this report. Highlights In this section, we present and analyze our results from the operations in Chile and in Colombia separately for 2Q22, 1Q22 an d 2 Q21: 2Q22 1Q22 Change In Ch$ million Consolidated Chile Colombia 1 Consolidated Chile Colombia 1 Consolidated Chile Colombia 1 Operating Revenues 373,069 316,137 73,078 317,011 264,941 58,489 17.7% 19.3% 24.9% Managerial Financial Margin 323,984 276,893 63,237 271,323 226,131 51,610 19.4% 22.4% 22.5% Financial Margin with Clients 276,190 210,006 66,184 248,560 193,145 55,415 11.1% 8.7% 19.4% Financial Margin with the Market 47,794 66,887 (2,947) 22,763 32,986 (3,804) 110.0% 102.8% - 22.6% Commissions and Fees 49,085 39,244 9,841 45,688 38,810 6,878 7.4% 1.1% 43.1% Cost of Credit (74,590) (57,693) (16,897) (42,961) (31,293) (11,669) 73.6% 84.4% 44.8% Provision for Loan Losses (95,287) (74,062) (21,225) (58,398) (42,092) (16,306) 63.2% 76.0% 30.2% Recovery of Loans Written Off as Losses 18,112 13,784 4,328 15,691 11,054 4,637 15.4% 24.7% - 6.7% Credit Value Adjustment (or “ CVA ”; ratings and collaterals effects) 2,584 2,584 - (255) (255) - - 1114.0% - 1114.0% - Non - interest Expenses (169,165) (121,754) (47,411) (155,352) (114,971) (40,381) 8.9% 5.9% 17.4% Personnel Expenses (79,914) (58,992) (20,921) (72,981) (51,608) (21,373) 9.5% 14.3% - 2.1% Administrative Expenses (77,033) (53,521) (23,512) (70,457) (54,175) (16,282) 9.3% - 1.2% 44.4% Depreciation, Amortization and Impairment (12,219) (9,241) (2,978) (11,914) (9,189) (2,725) 2.6% 0.6% 9.3% Income before Tax and Minority Interests 129,314 136,690 8,771 118,698 118,677 6,439 8.9% 15.2% 36.2% Income Tax Expense 16,057 14,891 (3,194) (7,613) (6,740) (2,605) - 310.9% - 320.9% 22.6% Minority Interests in Subsidiaries (1) 39 (40) (240) (46) (194) - 99.8% - 183.9% - 79.6% Costs of hedge positions - - (11,787) - - (4,686) - - 151.5% Recurring Net Income 145,370 151,620 (6,250) 110,845 111,890 (1,046) 31.1% 35.5% 497.7% Recurring Return on Managerial Tangible Equity 22.1% 29.1% - 4.6% 16.9% 20.9% - 0.9% 519 bps 823 bps - 370 bps 2Q22 2Q21 Change In Ch$ million Consolidated Chile Colombia 1 Consolidated Chile Colombia 1 Consolidated Chile Colombia 1 Operating Revenues 373,069 316,137 73,078 255,966 195,268 60,372 45.7% 61.9% 21.0% Managerial Financial Margin 323,984 276,893 63,237 214,459 160,696 53,438 51.1% 72.3% 18.3% Financial Margin with Clients 276,190 210,006 66,184 201,880 156,171 45,709 36.8% 34.5% 44.8% Financial Margin with the Market 47,794 66,887 (2,947) 12,579 4,524 7,729 280.0% 1378.4% - 138.1% Commissions and Fees 49,085 39,244 9,841 41,506 34,572 6,934 18.3% 13.5% 41.9% Cost of Credit (74,590) (57,693) (16,897) (26,031) (9,341) (16,690) 186.5% 517.7% 1.2% Provision for Loan Losses (95,287) (74,062) (21,225) (40,643) (19,451) (21,193) 134.4% 280.8% 0.2% Recovery of Loans Written Off as Losses 18,112 13,784 4,328 14,442 9,940 4,502 25.4% 38.7% - 3.9% Credit Value Adjustment (or “ CVA ”; ratings and collaterals effects) 2,584 2,584 - 170 170 - 1416.5% 1416.5% - Non - interest Expenses (169,165) (121,754) (47,411) (149,581) (110,199) (39,382) 13.1% 10.5% 20.4% Personnel Expenses (79,914) (58,992) (20,921) (71,312) (51,812) (19,500) 12.1% 13.9% 7.3% Administrative Expenses (77,033) (53,521) (23,512) (66,184) (49,412) (16,772) 16.4% 8.3% 40.2% Depreciation, Amortization and Impairment (12,219) (9,241) (2,978) (12,084) (8,975) (3,110) 1.1% 3.0% - 4.3% Income before Tax and Minority Interests 129,314 136,690 8,771 80,354 75,729 4,300 60.9% 80.5% 104.0% Income Tax Expense 16,057 14,891 (3,194) (9,534) (7,397) (2,049) - 268.4% - 301.3% 55.9% Minority Interests in Subsidiaries (1) 39 (40) (47) (2) (45) - 98.8% - 1804.3% - 11.6% Costs of hedge positions - - (11,787) - - 238 - - - 5059.7% Recurring Net Income 145,370 151,620 (6,250) 70,773 68,330 2,444 105.4% 121.9% - 355.8% Recurring Return on Managerial Tangible Equity 22.1% 29.1% - 4.6% 16.0% 19.8% 2.5% 610 bps 933 bps - 710 bps (1) In nominal currency

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22 Management Discussion & Analysis Income Statement Analysis The Accounting and Managerial Net Income Statement Reconciliation for 2Q22, 1Q22 and 2Q21 is presented below: Managerial reclassifications: (a) Other results and overhead costs from Colombia in Chile: other results and overhead costs incurred by the administration in Chile and managerially assigned to Colombia. (b) Cost of Economic Hedge: carry cost of the derivatives used for the economic hedge of the investment in Colombia, booked in Chile. (c) Cost of Fiscal Hedge: cost of the derivative structure used for the fiscal hedge of the investment in Colombia, currently booked in Chile .. Accounting and Managerial Net Income Statement Reconciliation In Ch$ million 2Q22 1Q22 2Q21 6M22 6M21 Net Income Attributable to Shareholders (Accounting) 135,091 102,469 67,373 237,560 147,841 (+) Non - recurring events 4,891 4,699 3,102 9,590 8,008 (+) Other results and overhead costs from Colombia in Chile (a) (149) 37 (1,908) (113) (3,264) (+) Costs of fiscal and economic hedges of the investment in Colombia (b) (c) 11,787 4,686 (238) 16,473 (284) Recurring Net Income 151,620 111,890 68,330 263,510 152,302 In Ch$ million 2Q22 1Q22 2Q21 6M22 6M21 Net Income Attributable to Shareholders (Accounting) 247 3,677 298 3,924 10,052 (+) Non - recurring events 5,140 - (0) 5,140 (0) (+) Other results and overhead costs from Colombia in Chile (a) 149 (37) 1,908 113 3,264 (+) Costs of fiscal and economic hedges of the investment in Colombia (b) (c) (11,787) (4,686) 238 (16,473) 284 Recurring Net Income (6,250) (1,046) 2,444 (7,296) 13,599

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23 Management Discussion & Analysis Income Statement Analysis Net Income analysis for Chile presented below is based on the Managerial Income Statement with the adjustments shown on pages 21 and 22: Managerial Results | Breakdown for Chile change change change In Ch$ million 2Q22 1Q22 % $ 2Q21 % $ 6M22 6M21 % $ Operating Revenues 316,137 264,941 19.3% 51,196 195,268 61.9% 120,869 581,078 436,534 33.1% 144,544 Managerial Financial Margin 276,893 226,131 22.4% 50,761 160,696 72.3% 116,197 503,024 368,875 36.4% 134,150 Financial Margin with Clients 210,006 193,145 8.7% 16,861 156,171 34.5% 53,834 403,151 303,876 32.7% 99,275 Financial Margin with the Market 66,887 32,986 102.8% 33,901 4,524 1378.4% 62,363 99,874 64,999 53.7% 34,875 Commissions and Fees 39,244 38,810 1.1% 435 34,572 13.5% 4,672 78,054 67,659 15.4% 10,394 Cost of Credit (57,693) (31,293) 84.4% (26,401) (9,341) 517.7% (48,353) (88,986) (34,140) 160.6% (54,846) Provision for Loan Losses (74,062) (42,092) 76.0% (31,969) (19,451) 280.8% (54,611) (116,154) (53,690) 116.3% (62,463) Recovery of Loans Written Off as Losses 13,784 11,054 24.7% 2,729 9,940 38.7% 3,844 24,838 21,082 17.8% 3,756 Credit Value Adjustment (or “ CVA ”; ratings and collaterals effects) 2,584 (255) - 2,839 170 1416.5% 2,414 2,329 (1,532) - 3,862 Non - interest Expenses (121,754) (114,971) 5.9% (6,783) (110,199) 10.5% (11,555) (236,725) (225,414) 5.0% (11,311) Personnel Expenses (58,992) (51,608) 14.3% (7,385) (51,812) 13.9% (7,180) (110,600) (99,906) 10.7% (10,694) Administrative Expenses (53,521) (54,175) - 1.2% 654 (49,412) 8.3% (4,109) (107,695) (107,694) 0.0% (2) Depreciation. Amortization and Impairment (9,241) (9,189) 0.6% (52) (8,975) 3.0% (267) (18,430) (17,815) 3.5% (616) Income before Tax and Minority Interests 136,690 118,677 15.2% 18,012 75,729 80.5% 60,961 255,367 176,980 44.3% 78,387 Income Tax Expense 14,891 (6,740) - 21,632 (7,397) - 22,288 8,151 (24,664) - 32,815 Minority Interests in Subsidiaries 39 (46) - 85 (2) - 41 (7) (14) - 44.9% 6 Recurring Net Income 151,620 111,890 35.5% 39,730 68,330 121.9% 83,290 263,510 152,302 73.0% 111,208

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24 Management Discussion & Analysis Income Statement Analysis Managerial Financial Margin • Financial Margin with Clients increased 8.7% when compared to the previous quarter, mainly due to improvements in margin of liabilities and capital due to the positive effect of the increase in the value of the Monetary Policy Rate of Chile (TPM); i n addition to the growth of the loan portfolio in the quarter. • Financial Margin with the Market reached Ch$66.9 billion in the second quarter of 2022, an increase of 102.8% when compared to the previous quarter, as a result of an increase in earnings indexed to inflation, given the higher relative rise in the C PI observed in the second quarter of 2022. Highlights Managerial Financial Margin Financial Margin with Clients Ch$210.0 billion + 102.8% (2Q22/1Q22) + 1,378.4% (2Q22/2Q21) Financial Margin with the Market Ch$66.9 billion + 8.7% (2Q22/1Q22) + 34.5% (2Q22/2Q21) Financial Margin with Clients Change in the Financial Margin with Clients Breakdown Financial Margin with Clients comprises our spread - sensitive operations, working capital and others. Spread - sensitive operations are: (i) the assets margin, which is the difference between the amount received in loan operations and the cost of money char ged by treasury banking and (ii) the liabilities margin, which is the difference between the cost of funding and the amount received fr om treasury banking. Working capital margin is the interest on working capital at the TPM. 1 2 4 156,171 158,135 197,957 193,145 210,006 4,524 23,783 45,586 32,986 66,887 160,696 181,918 243,543 226,131 276,893 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Financial Margin with Clients Financial Margin with the Market Ch$ million 3 3 1 2 4 Assets financial margin Liabilities financial margin Assets financial margin (+Ch$5,969 million): driven by the growth of the loans portfolio, in both Wholesale and Retail, complemented by im- provement in spreads, mainly related to commercial loans and positive effect on the portfolio mix due to the growth of consum er loans and credit. Liabilities financial margin (+Ch$1,444 million): mainly due to increase in the profitability of this portfolio, as a result of the higher value of the average TPM observed in this period. Commercial spreads on derivatives and FX transactions with clients (+Ch$588 million): related to an increase in derivatives and FX transac- tions with wholesale clients impacting the Financial Margin with Clients. Capital financial margin and others (+Ch$8,859 million): mainly due to a higher capital remuneration generated by the rise in the value of the TPM, in addition to a higher number of calendar days in 2Q22 and recognition of greater results in tax readjustments to be re cov ered (effects of the higher inflation of the quarter).

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25 Management Discussion & Analysis Income Statement Analysis UF - Unidad de Fomento (variation value) UF net exposure (Ch$ trillion) Annualized average rate of financial margin with clients Financial Margin with the Market includes (i) treasury banking, which manages mismatches of assets and liabilities (ALM – Assets and Liability Management), tenors, currencies and interest rates and (ii) treasury trading, which manages proprietary portfol ios and may assume directional positions, in compliance with the limits established by our risk appetite. Financial Margin with the Market increased 102.8% in 2Q22 compared to 1Q22. This increase was mainly due to higher gains from asset and liability management caused by to an increase in inflation - linked income, offsetting the higher costs derived from the rise in the value of the TPM and lower profits obtained by the trading desk. 2Q22 1Q22 In Ch$ millions, end of period Average Balance Average Rate Financial Margin Average Balance Average Rate Financial Margin Financial Margin with Clients 26,069,972 3.2% 210,006 25,629,892 3.1% 193,145 Cost of Credit (57,693) (31,293) Risk - Adjusted Financial Margin with Clients 26,069,972 2.3% 152,312 25,629,892 2.6% 161,853 Ch$ million Financial Margin with Clients: + 18 bp • Growth of loans and greater margin of liabilities and capital due to increase in the TPM. 2.6% 2.6% 3.1% 3.1% 3.2% 2.4% 2.1% 2.0% 2.6% 2.3% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 0.00 0.02 0.04 Financial margin with clients Risk-adjusted financial margin with clients 4,524 23,783 45,586 32,986 66,887 30,799 32,033 33,592 26,720 42,311 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Financial Margin with the Market 1-year moving average 1.5 1.4 2.0 1.7 1.4 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 1.1% 1.3% 3.0% 2.4% 4.2% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Financial Margin with the Market Risk - Adjusted Financial Margin with Clients: - 22 bp • Due to the 84.4% increase in Cost of Credit for the quarter.

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26 Management Discussion & Analysis Income Statement Analysis Commissions and Fees • In the second quarter of the year, Commissions and Fees amounted to Ch$39.2 billion, an 1.1% increase when compared to the previous quarter, originated in the greater dynamism observed in the quarter in relation to structuring services (Financial Advisory), which offset the decreases in Current Account Services and Overdraft Fees as well as the fees related to Asset Management. • When compared to the second quarter of 2021, Commissions and Fees increased 13.5%, mainly due to higher Insurance Brokerage fees related to an expansion in our consumer portfolio and better cross selling, improvement in Financial Advisory commissions, along with higher Current Account Services and Overdraft Fees, driven by the higher transactionality. Highlights In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Insurance Brokerage 9,967 9,753 214 2.2% 8,051 1,917 23.8% 19,721 16,306 3,415 20.9% Credit Operations and Guarantees Provided 7,941 7,801 140 1.8% 7,375 566 7.7% 15,742 14,296 1,445 10.1% Current Account Services and Overdraft Fees 8,205 8,796 (591) - 6.7% 7,282 923 12.7% 17,001 15,036 1,966 13.1% Asset Management 3,155 3,453 (297) - 8.6% 3,136 19 0.6% 6,608 6,279 329 5.2% Financial Advisory and Others 9,975 9,007 968 10.8% 8,728 1,247 14.3% 18,982 15,742 3,240 20.6% Total Commissions and Fees 39,244 38,810 435 1.1% 34,572 4,672 13.5% 78,054 67,659 10,394 15.4% Commissions and Fees Breakdown 2Q22 1Q22 25% 20% 8% 25% 21% Insurance Brokerage Credit Operations and Guarantees Provided Asset Management Financial Advisory and Others Current Account Services and Overdraft Fees 25% 20% 9% 23% 23% Insurance Brokerage Credit Operations and Guarantees Provided Asset Management Financial Advisory and Others Current Account Services and Overdraft Fees

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27 Management Discussion & Analysis Income Statement Analysis Cost of Credit Our net provisions for loan losses over loan portfolio increased by 50 percentage points compared to the previous quarter, due to growth in the level of credit provisions mentioned above. In the 12 - month comparison, this ratio showed an increase of 93 percentage points. Allowance for Loan Losses and Loan Portfolio Cost of Credit and Loan Portfolio The Cost of Credit totaled Ch$57.7 billion in the second quarter of 2022, a growth of 84.4% when compared to Ch$26.4 billion in the previous quarter. This is mainly explained by the recognition of additional provisions of Ch$15.0 billion during 2Q22, in addition to the effect of downgrade adjustments applied to specific cases of Whole- sale Banking clients in the previous quarter. Compared to the second quarter of 2021, the Cost of Credit is higher by 517.7%, given that during the previous year there was a positive effect on the delinquency of the loan portfolio, due to the COVID - 19 economic support measures applied by the Chilean government, in addition to the recognition of additional provisions for Ch$15.0 billon in the second quarter of 2022 mentioned above. In the second quarter of 2022, the total allowance for loan losses, including additional provisions, decreased 0.8% in the period, totaling Ch$630.2 billion, whereas our average loan portfolio in- creased 3.5% when compared to the previous quarter, reaching Ch$20.3 trillion. As a result, the ratio of total allowance for loan losses, including additional provisions, over loan portfolio decreased in the second quarter of 2022, from 3.24% to 3.10% when compared with the last quarter. In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Net Provision for Loan Losses (60,278) (31,038) (29,240) 94.2% (9,511) (50,767) 533.8% (91,315) (32,608) (58,708) 180.0% Provision for Loan Losses (74,062) (42,092) (31,969) 76.0% (19,451) (54,611) 280.8% (116,154) (53,690) (62,463) 116.3% Recovery of Loans Written Off as Losses 13,784 11,054 2,729 24.7% 9,940 3,844 38.7% 24,838 21,082 3,756 17.8% Credit Value Adjustment (or “ CVA ”; ratings and collaterals effects) 2,584 (255) 2,839 - 170 2,414 1416.5% 2,329 (1,532) 3,862 - Cost of Credit (57,693) (31,293) (26,401) 84.4% (9,341) (48,353) 517.7% (88,986) (34,140) (54,846) 160.6% (*) Average Loan Portfolio 555,209 544,910 638,892 655,971 511,402 519,439 537,200 523,109 502,854 64,500 104,600 78,211 78,211 86,211 105,711 112,379 127,379 574,709 609,410 743,492 734,182 589,613 605,650 642,911 635,488 630,233 3.00 3.20 3.99 4.00 3.18 3.22 3.29 3.24 3.10 - 0.1 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.7 0.8 0.8 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.5 1.6 1.6 1.7 1.7 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.1 2.2 2.2 2.3 2.3 2.4 2.4 2.5 2.5 2.6 2.6 2.7 2.7 2.8 2.8 2.9 2.9 3.0 3.0 3.1 3.1 3.2 3.2 3.3 3.3 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.3 4.4 - 600,000 1,200,000 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Allowances for loan losses (Ch$ million) - Chile Additional provisions (Ch$ million) - Chile Total provisions Allowances for loan losses / Loan portfolio (%) 19,451 43,922 93,812 42,092 74,062 9,341 29,039 69,889 31,293 57,693 0.2 0.6 1.4 0.6 1.1 -2.0 -1.6 -1.2 -0.8 -0.4 0.0 0.4 0.8 1.2 1.6 2.0 2.4 -10,000 10,000 30,000 50,000 70,000 90,000 110,000 130,000 150,000 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Provision for loan losses (Ch$ million) Cost of credit (Ch$ million) Cost of credit / Loan portfolio* - Annualized (%)

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28 Management Discussion & Analysis Income Statement Analysis Credit Quality Delinquency Ratios Non - Performing Loans NPL Ratio (%) by Segments | over 90 days In the second quarter of 2022, the total NPL ratio amounted to 1.83%, representing an increase of 27.5 basis points over the previ- ous quarter. This growth in the index is due to the higher volume of commercial NPL portfolio observed in the quarter, derived from specific cases of Wholesale Banking clients, in addition to the growth trend registered by consumer delinquencies, in the current scenario where economic support is lower than those observed in previous periods. The NPL ratio over 90 days for consumer loans increased from 1.44% to 1.65% in the second quarter of 2022. The NPL ratio for mortgage loans showed a decrease of 2.9 basis points compared to 1Q22, closing at 0.82%. The portfolio of credits 90 - days overdue increased Ch$79.3 billion or 25.3% in the second quarter of 2022 when compared to the previous quarter, as a result of an increase of 41% in NPL for the commercial portfolio, referring to specific cases of Wholesale Banking clients, together with a 21% increase in the consumer portfolio NPL. When compared to the same quarter of the previous year, this portfolio presented a decrease of 9.4%, which considers a decrease of 13.5% in the non - performing commercial portfolio and an in- crease in the consumer loans NPL by 28.3%. 2.01% 2.11% 2.20% 2.79% 2.99% 2.67% 1.94% 1.90% 2.31% 1.82% 1.71% 1.69% 2.40% 2.63% 2.43% 1.61% 1.58% 2.06% 1.60% 1.26% 1.12% 1.07% 0.99% 0.87% 0.87% 0.85% 0.82% 2.62% 1.22% 1.66% 1.75% 1.62% 1.14% 1.03% 1.44% 1.65% 1.97% 1.82% 1.87% 2.25% 2.33% 2.04% 1.56% 1.56% 1.83% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Commercial Comm. ex-Students loans Mortgage Consumer Total Coverage Ratio 1 (%) | 90 days NPL Ratio (%) | over 90 days (1) Coverage Ratio includes additional provisions. 150 177 218 177 136 156 206 203 161 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Chile As of June 30, 2022, the 90 - day coverage ratio reached 161%, a 42 percentage points decrease from the previous quarter, while the total credit provisions grew, it did not offset the impact of the higher volume of the NPL portfolio, mentioned above. When compared with June 30, 2021, the coverage ratio increased by 25 percentage points, due to the decrease in the NPL portfolio in 2Q22 relative to 2Q21. 1.97 1.82 1.87 2.25 2.33 2.04 1.56 1.56 1.83 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Chile The NPL ratio of credits 90 - day overdue presented a growth of 0.28 percentage points compared to the previous quarter, as a result of the higher volume of NPL portfolio observed in this quarter, while compared to 2Q21, where a decrease of 0.50 per- centage points was recorded. 382,804 344,973 341,037 415,576 432,944 388,703 311,493 312,773 392,051 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Non-performing Loans over 90 days - Chile Ch$ million

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29 Management Discussion & Analysis Income Statement Analysis * Loan portfolio average balance of the two previous quarters. In the second quarter of 2022, loan portfolio write - offs totaled Ch$ 64,6 billion an increase of 118.1% when compared to the previous quarter, which is mainly due to specific cases of Wholesale Banking clients, for which the associated credit provisions allowed to cover the impacts of write - offs made. The ratio of written - off operations to loan portfolio average balance increased 65 basis points, reaching 1.24%, when compared to the first quarter of 2022 and increased 27 basis points when compared to the same period of the previous year. Loan Portfolio Write - Off 54.4 49.7 47.7 36.3 45.0 38.1 44.8 29.6 64.6 1.13 1.04 1.02 0.79 0.97 0.81 0.92 0.59 1.24 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Write-off (Ch$ billion) -Chile Write-off / Loan Portfolio* - Annualized (%) Recovery of Loans Written - off as Losses As of June 30, 2022, income from recoveries of written - off loans to- taled Ch$13.8 billion, 24.7% higher than in the previous quarter, mainly due to higher recoveries associated with commercial portfolio. When compared to the second quarter of 2021, the income from re- covery of loans written - off registered an increase of 38.7% driven by the greater recoveries of the commercial portfolio of 2Q22 . Ch$ million 9,940 14,105 14,745 11,054 13,784 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Recovery of Loan Written-off as Losses (Ch$ million) - Chile Ch$ million

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30 Personnel expenses Administrative Expenses Administrative Expenses amounted to Ch$53.5 billion in the second quarter of 2022, presenting a slight decrease in relation to the last quarter that corresponds mainly to lower commercial expenses and operating losses. When compared to the second quarter of 2021, Administrative Ex- penses increased 8.3%, product of an one - time decrease in contin- gency provisions observed in 2Q21. Depreciation amortization and Impairment Depreciation, Amortization and Impairment expenses totaled Ch$9.2 billion in the second quarter of 2022, in line with the level of expenses observed in the previous quarter. Compared to the same period in 2021, these expenses presented an increase of 3.0%, due to the increase in the base of assets subject to amortization. Non - interest Expenses • Non - interest Expenses amounted to Ch$121.8 billion in the quarter, a 5.9% increase from the previous quarter, mainly due to an i ncrease in Personnel Expenses. • When compared to the second quarter of 2021, Non - interest Expenses increased 10.5%, as a result of an increase in Personnel and Administrative Expenses. Highlights In the second quarter of 2022, Personal Expenses increased 14.3% relative to the previous quarter, mainly due to the seasonal effect of 1Q22 associated with provisions for employees vacations and a higher provisions for variable compensation established in this quar- ter. When compared to the same period of 2021, Personnel Expenses increased 13.9% as a result of higher wages mainly due to inflation and higher provisions for variable compensation recognized in the second quarter of 2022. Headcount 5,210 Headcount in Chile and New York at the end of the 2Q22 + 0.6% (2Q22/1Q22) + 0.4% (2Q22/2Q21) The total number of employees including the Itaú Corpbanca New York branch was 5,210 at the end of the second quarter of 2022 compared to 5,177 in the previous quarter and 5,187 at the end of the second quarter of 2021, an increase of 0.4% in headcount in a twelve - month period. Management Discussion & Analysis In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Personnel Expenses (58,992) (51,608) (7,385) 14.3% (51,812) (7,180) 13.9% (110,600) (99,906) (10,694) 10.7% Administrative Expenses (53,521) (54,175) 654 - 1.2% (49,412) (4,109) 8.3% (107,695) (107,694) (2) 0.0% Personnel and Administrative Expenses (112,513) (105,782) (6,731) 6.4% (101,224) (11,289) 11.2% (218,295) (207,599) (10,696) 5.2% Depreciation, Amortization and Impairment (9,241) (9,189) (52) 0.6% (8,975) (267) 3.0% (18,430) (17,815) (616) 3.5% Total Non - interest Expenses (121,754) (114,971) (6,783) 5.9% (110,199) (11,555) 10.5% (236,725) (225,414) (11,311) 5.0% 5,581 5,331 5,266 5,249 5,187 5,160 5,125 5,177 5,210 - 0.3% - 4.5% - 1.2% - 0.3% - 1.2% - 0.5% - 0.7% 1.0% 0.6% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 4,500 4,700 4,900 5,100 5,300 5,500 5,700 5,900 6,100 6,300 6,500 6,700 6,900 7,100 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Chile Δ % QoQ Income Statement Analysis

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31 Management Discussion & Analysis Efficiency Ratio We present the evolution of the efficiency ratio: 56.4% 52.4% 46.3% 43.4% 38.5% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Efficiency ratio Income Statement Analysis Efficiency Ratio In the second quarter of 2022, our Efficiency Ratio reached 38.5%, a decrease of 4.9 percentage points when compared to the p rev ious quar- ter. This was mainly related to higher Operating Revenues in the quarter. When compared to the second quarter of 2021, the Efficiency Ratio decreased 17.9 percentage points, primarily due to higher O per ating Rev- e n u e s .. Distribution Network Points of Service in Chile Our distribution network provides integrated financial services and products to our customers through diverse channels, inclu din g ATMs, branch offices (physical and digital), mobile banking, internet banking and telephone banking. Branches | Chile and New York 188 185 185 187 185 182 182 180 165 2 2 4 4 4 4 6 6 9 - 2.1% - 1.6% 1.1% 1.1% - 1.0% - 1.6% 1.1% - 1.1% - 6.5% -20% -15% -10% -5% 0% 5% - 50 100 150 200 250 300 350 400 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Physical Digital Δ % Branches Chile QoQ As of June 30, 2022, we have 174 branches, a 6.5% decrease com- pared to the previous quarter, explained by the closure of 15 physi- cal branches and the incorporation of 3 new digital branches. In addition, the total number of branches decreased by 7.9% (or 15 fewer branches) compared to as of June 30, 2021. Automated Teller Machines (ATMs) | Chile By the end of the second quarter of 2022, the number of ATMs totaled 356 in Chile, a 14 ATMs reduction when compared to as March 31, 2022 and a 11.4% decrease when compared to June 30, 2021. Additionally, our customers have access to over 7,000 ATMs in Chile through our agreement with Redbanc. 398 396 398 397 393 397 398 366 352 10 10 10 9 9 4 4 4 4 - 1.2% - 0.5% 0.5% - 0.5% - 1.0% - 0.2% 0.2% - 8.0% - 3.8% -20% -15% -10% -5% 0% 5% - 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Itaú Banco Condell Δ % ATMs Chile QoQ Non - interest Expenses (Personnel + Administrative + Depreciation & Amortization + Impairment) Managerial Financial Margin + Commission and Fees = Efficiency Ratio

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32 Credit Portfolio • The consolidated credit portfolio in Chile reached Ch$21.4 trillion at the end of the second quarter of 2022, an increase of 6.5 % from the previous quarter and an increase of 15.2% from the second quarter of 2021. Highlights Management Discussion & Analysis In the following table, the loan portfolio is split into two groups: wholesale lending and retail lending. For a better under sta nding of the performance of these portfolios, the main product groups of each segment are presented below: Credit Portfolio by Products In Ch$ million, end of period 2Q22 1Q22 change 2Q21 change Wholesale lending - Chile 13,340,039 12,402,119 7.6% 11,937,309 11.8% Commercial loans 10,850,005 10,436,051 4.0% 10,291,962 5.4% Foreign trade loans 1,598,646 1,182,677 35.2% 965,877 65.5% Leasing and factoring 891,387 783,391 13.8% 679,470 31.2% Retail lending - Chile 8,076,278 7,706,567 4.8% 6,656,117 21.3% Residential Mortgage loans 5,981,669 5,713,222 4.7% 4,988,799 19.9% Consumer loans 2,094,609 1,993,346 5.1% 1,667,318 25.6% Consumer installment loans 1,464,033 1,403,472 4.3% 1,219,717 20.0% Current account overdrafts 123,437 115,657 6.7% 102,988 19.9% Credit card debtors 506,678 473,682 7.0% 344,148 47.2% Other loans and receivables 462 535 - 13.6% 465 - 0.6% TOTAL LOANS 1 21,416,316 20,108,686 6.5% 18,593,426 15.2% The total loan portfolio grew, in nominal terms, by 6.5% between the first and the second quarter of 2022, presenting an expa nsi on of 15.2% in the last twelve months. Excluding the effects of exchange rate and inflation that impacted the composition of the loan portfo lio , the aforemen- tioned growth translates into 1.5% and 5.0%, respectively. The Wholesale portfolio increased 7.6% in this quarter relative to 1Q22, while growing 11.8% when compared to 2Q21. Adjusting fo r foreign exchange variations, the Wholesale portfolio increased 1.4% both in the comparison against the previous quarter and the same per iod of the year 2021. The Retail portfolio grew 4.8% in this quarter relative to 1Q22, and 21.3% when compared to 2Q21, marked by the growth trend tha t the Consum- er loans portfolio has shown since the end of 2021, highlighting the rates observed in Consumer installment loans and Credit car d debtors. Additionally, the volume of Residential Mortgage loans grew 4.7% compared to the balance as of March 31, 2022, which translat es into a 0.4% increase when excluding the effects of UF variation on this portfolio. Income Statement Analysis (1) Total loans does not include balance owed by banks ..

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33 Management Discussion & Analysis Managerial Results | Breakdown for Colombia Net Income analysis for Colombia presented below is based on the Managerial Income Statement with the adjustments shown on pa ges 21 and 22: 2Q22 1Q22 % 2Q21 % In Ch$ million Nominal Currency Exchange Rate Effect 1 Constant Currency Nominal Currency Exchange Rate Effect 1 Constant Currency Change in Constant Currency Nominal Currency Exchange Rate Effect 1 Constant Currency Change in Constant Currency Operating Revenues 73,078 1,497 74,576 58,489 4,946 63,434 17.6% 60,372 9,391 69,763 6.9% Managerial Financial Margin 63,237 1,274 64,512 51,610 4,365 55,975 15.2% 53,438 8,338 61,777 4.4% Financial Margin with Clients 66,184 1,351 67,535 55,415 4,680 60,095 12.4% 45,709 7,080 52,789 27.9% Financial Margin with the Market (2,947) (77) (3,024) (3,804) (315) (4,120) - 26.6% 7,729 1,259 8,988 - 133.6% Commissions and Fees 9,841 223 10,064 6,878 581 7,459 34.9% 6,934 1,053 7,987 26.0% Cost of Credit (16,897) (307) (17,203) (11,669) (1,021) (12,689) 35.6% (16,690) (2,709) (19,399) - 11.3% Provision for Loan Losses (21,225) (398) (21,623) (16,306) (1,418) (17,724) 22.0% (21,193) (3,395) (24,588) - 12.1% Recovery of Loans Written Off as Losses 4,328 91 4,420 4,637 397 5,034 - 12.2% 4,502 686 5,189 - 14.8% Non - interest Expenses (47,411) (988) (48,399) (40,381) (3,408) (43,788) 10.5% (39,382) (6,132) (45,514) 6.3% Personnel Expenses (20,921) (443) (21,364) (21,373) (1,776) (23,149) - 7.7% (19,500) (3,041) (22,541) - 5.2% Administrative Expenses (23,512) (484) (23,996) (16,282) (1,398) (17,681) 35.7% (16,772) (2,604) (19,377) 23.8% Depreciation, Amortization and Impairment (2,978) (61) (3,038) (2,725) (234) (2,959) 2.7% (3,110) (486) (3,596) - 15.5% Income before Tax and Minority Interests 8,771 203 8,974 6,439 517 6,957 29.0% 4,300 551 4,851 85.0% Income Tax Expense (3,194) (79) (3,273) (2,605) (217) (2,822) 16.0% (2,049) (269) (2,318) 41.2% Minority Interests in Subsidiaries (40) (1) (40) (194) (16) (210) - 80.9% (45) 0 (44) - 9.6% Costs of hedge positions (11,787) (170) (11,957) (4,686) (409) (5,095) 134.7% 238 17 255 - 4796.6% Recurring Net Income (6,250) (46) (6,296) (1,046) (125) (1,171) 437.8% 2,444 299 2,743 - 329.6% (1) Refers to the elimination of the impact of foreign exchange rate variation, by converting all figures from each of the period s a nalyzed at a single foreign exchange rate: Ch$0.2230 per COP as of June 30, 2022 .. 6M22 6M21 % In Ch$ million Nominal Currency Exchange Rate Effect 1 Constant Currency Nominal Currency Exchange Rate Effect 1 Constant Currency Change in Constant Currency Operating Revenues 131,567 6,443 138,010 135,353 17,859 153,211 - 9.9% Managerial Financial Margin 114,848 5,639 120,487 121,957 16,090 138,047 - 12.7% Financial Margin with Clients 121,599 6,031 127,630 93,555 12,470 106,025 20.4% Financial Margin with the Market (6,751) (392) (7,143) 28,402 3,620 32,021 - Commissions and Fees 16,719 804 17,523 13,396 1,769 15,165 15.6% Cost of Credit (28,565) (1,327) (29,892) (30,685) (4,345) (35,031) - 14.7% Provision for Loan Losses (37,531) (1,816) (39,347) (39,454) (5,516) (44,969) - 12.5% Recovery of Loans Written Off as Losses 8,966 489 9,454 8,769 1,170 9,939 - 4.9% Non - interest Expenses (87,791) (4,396) (92,187) (81,769) (10,741) (92,510) - 0.3% Personnel Expenses (42,295) (2,218) (44,513) (42,008) (5,410) (47,418) - 6.1% Administrative Expenses (39,794) (1,883) (41,677) (34,116) (4,561) (38,678) 7.8% Depreciation, Amortization and Impairment (5,702) (295) (5,997) (5,644) (770) (6,414) - 6.5% Income before Tax and Minority Interests 15,210 720 15,931 22,898 2,772 25,670 - 37.9% Income Tax Expense (5,800) (296) (6,095) (8,093) (989) (9,082) - 32.9% Minority Interests in Subsidiaries (234) (17) (250) (1,490) (178) (1,668) - 85.0% Costs of hedge positions (16,473) (579) (17,052) 284 4 288 - Recurring Net Income (7,296) (171) (7,467) 13,599 1,609 15,208 - Income Statement Analysis

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34 Management Discussion & Analysis Income Statement Analysis Managerial Financial Margin Loan portfolio mix ( - Ch$173 million): mainly due to a greater growth in Commercial loans, associated with Wholesale Banking, compared to the dynamics observed in the Retail portfolio. • In the second quarter of 2022, Financial Margin with Clients increased 12.4% relative to the previous quarter, driven by high er margins on liabilities and capital associated with the environment of higher interest rates as well as higher deposit volumes .. • Financial Margin with the Market decreased 26.6% when compared to the first quarter of 2022, mainly due to higher than expected interest rates and currency volatility. Highlights Managerial Financial Margin Financial Margin with Clients Ch$67.5 billion - 26.6% (2Q22/1Q22) - 133.6% (2Q22/2Q21) Financial Margin with the Market Ch$ - 3.0 billion + 12.4% (2Q22/1Q22) + 27.9% (2Q22/2Q21) Financial Margin with Clients Change in the Financial Margin with Clients Breakdown Financial Margin with Clients comprises our spread - sensitive operations, working capital and others. Spread - sensitive operations are: (i) the assets margin, that is the difference between the amount received in loan operations and the cost of money charg ed by treasury banking and (ii) the liabilities margin, which is the difference between the cost of funding and the amount received fr om treasury banking. Working capital margin is the interest on working capital at the TPM interest rate (monetary policy rate of Co lom- bia). Average asset portfolio, assets spreads and liabilities margin (+Ch$4,655 million): mainly due to the growth of the portfolio of deposits and other demand liabilities and the positive effect of the increase in the value of the average TPM on the rate of remuneration app lied to this portfolio. Commercial spreads on derivatives and FX transactions with clients (+Ch$1,576 million): mainly due to higher activity level in derivatives and FX transactions with wholesale clients. 1 2 4 Ch$ million 3 52,789 54,224 54,149 60,095 67,535 8,988 2,057 3,736 - 4,120 - 3,024 61,777 56,281 57,885 55,975 64,512 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Financial Margin with Clients Financial Margin with the Market Note: Figures are expressed in constant currency, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022. 1 Working capital and others (+Ch$897 million): explained, mainly, by the greater capital margin derived from the increase in interest rates observed in the quarter (remuneration indexed to the value of the TPM). 2 3 4 Note: Figures are expressed in constant currency, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022.

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35 Management Discussion & Analysis Income Statement Analysis Risk - Adjusted Financial Margin with Clients: +23 bp • Mainly due to the improvement in the Financial Margin with Clients offset by the 35.6% increase in Cost of Credit. Annualized average rate of financial margin with clients Financial margin with the market includes (i) treasury banking, which manages mismatches of assets and liabilities (ALM – Assets and Liability Management), tenors and interest, foreign exchange and other rates and (ii) treasury trading which manages prop rie- tary portfolios and may assume directional positions, in compliance with the limits established by our risk appetite. Financial Margin with the Market reached Ch$ - 3.0 billion, a 26.6% decrease when compared to the previous quarter, as the environ- ment of rising interest rates and high market volatility continued throughout 2Q22. 2Q22 1Q22 In Ch$ millions, end of period Average Balance Average Rate Financial Margin Average Balance Average Rate Financial Margin Financial Margin with Clients 6,234,943 67,535 4.4% 6,393,566 60,095 3.8% Cost of Credit (17,203) (12,689) Risk - Adjusted Financial Margin with Clients 6,234,943 50,332 3.2% 6,393,566 47,406 3.0% Ch$ million Financial Margin with Clients: +55 bp • Driven by the higher margin of liabilities and capital in this quarter. 8,988 2,057 3,736 - 4,120 - 3,024 14,027 11,479 9,454 2,665 - 337 -10,000 -5,000 - 5,000 10,000 15,000 -10,000 -5,000 - 5,000 10,000 15,000 20,000 25,000 30,000 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Financial Margin with the Market 1-year moving average Financial Margin with the Market 3.5% 3.5% 3.3% 3.8% 4.4% 2.2% 1.7% 2.3% 3.0% 3.2% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 0.00 0.02 0.04 0.06 Financial margin with clients Risk-adjusted financial margin with clients Note: Figures are expressed in constant currency, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022. Note: Figures are expressed in constant currency, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022.

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36 Management Discussion & Analysis Income Statement Analysis Commissions and Fees • Commissions and Fees amounted to Ch$10.1 billion in the second quarter of 2022, a 34.9% increase from the previous quarter, mainly due to higher Financial Advisory commissions associated with the Wholesale Banking activity. • When compared to the same quarter of 2021, Commissions and Fees increased 26.0%, as a result of higher commissions for Financial Advisory in this quarter and the improvements in Credit Operations and Guarantees Provided as well as Insurance Brokerage fees, partially offset by lower Cash Management and Asset Management fees. Highlights In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Insurance Brokerage 2,160 2,078 82 3.9% 1,919 241 12.6% 4,238 3,792 446 11.8% Credit Operations and Guarantees Provided 1,250 1,255 (6) - 0.5% 749 501 66.9% 2,505 1,574 931 59.2% Asset Management 2,180 2,279 (99) - 4.3% 2,501 (322) - 12.9% 4,459 5,068 (610) - 12.0% Financial Advisory and Others 3,334 737 2,596 352.1% 1,289 2,044 158.6% 4,071 1,611 2,460 152.6% Cash Management 1,142 1,109 32 2.9% 1,529 (387) - 25.3% 2,251 3,120 (869) - 27.8% Total Commissions and Fees 10,064 7,459 2,605 34.9% 7,987 2,077 26.0% 17,523 15,165 2,358 15.6% Commissions and Fees Breakdown 2Q22 1Q22 21% 12% 22% 33% 11% Insurance Brokerage Credit Operations and Guarantees Provided Asset Management Financial Advisory and Others Cash Management 28% 17% 31% 10% 15% Insurance Brokerage Credit Operations and Guarantees Provided Asset Management Financial Advisory and Others Cash Management Note: Commissions and Fees for Colombia are expressed in constant currency in order to eliminate the impact of foreign exchange rat e v ariation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.223 0 p er COP as of June 30, 2022.

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37 Management Discussion & Analysis Income Statement Analysis Cost of Credit At the end of the second quarter of 2022, our provision for loan losses was Ch$17.2 billion, a 35.6% increase when compared to the last quarter. The Cost of Credit over loan portfolio increased 0.43 percentage points in the second quarter of 2022 when compared to the previous quarter, and increased 0.03 percentage points when compared to the second quarter of 2021. Allowance for Loan Losses and Loan Portfolio Cost of Credit and Loan Portfolio As of June 30, 2022, the total allowance for loan losses, including additional provisions, decreased 3.82% in the quarter, totaling Ch$273.0 billion, whereas our average loan portfolio decreased slightly when compared to the first quarter of 2022 (decrease of 0.07%), amounting to Ch$4.8 trillion. As a result, the ratio of total allowance for loan losses, including additional provisions, over loan portfolio decreased in the second quarter of 2022 from 5.87% to 5.65% when compared to the previous quarter. It is important to note that additional provisions were not released in the 2Q22. (*) Average Loan Portfolio 269,898 253,894 284,224 281,209 283,773 285,646 276,645 254,548 243,690 31,208 29,271 29,271 29,272 29,276 29,280 269,898 253,894 319,896 312,417 313,044 314,917 305,916 283,824 272,970 5.43 5.12 6.64 6.56 6.43 6.35 6.03 5.87 5.65 - 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 1.05 1.10 1.15 1.20 1.25 1.30 1.35 1.40 1.45 1.50 1.55 1.60 1.65 1.70 1.75 1.80 1.85 1.90 1.95 2.00 2.05 2.10 2.15 2.20 2.25 2.30 2.35 2.40 2.45 2.50 2.55 2.60 2.65 2.70 2.75 2.80 2.85 2.90 2.95 3.00 3.05 3.10 3.15 3.20 3.25 3.30 3.35 3.40 3.45 3.50 3.55 3.60 3.65 3.70 3.75 3.80 3.85 3.90 3.95 4.00 4.05 4.10 4.15 4.20 4.25 4.30 4.35 4.40 4.45 4.50 4.55 4.60 4.65 4.70 4.75 4.80 4.85 4.90 4.95 5.00 5.05 5.10 5.15 5.20 5.25 5.30 5.35 5.40 5.45 5.50 5.55 5.60 5.65 5.70 5.75 5.80 5.85 5.90 5.95 6.00 6.05 6.10 6.15 6.20 6.25 6.30 6.35 6.40 6.45 6.50 6.55 6.60 6.65 6.70 6.75 6.80 6.85 6.90 6.95 7.00 7.05 7.10 - 600,000 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Allowances for loan losses (Ch$ million) - Colombia Additional provisions (Ch$ million) - Colombia Total provisions Allowances for loan losses / Loan portfolio (%) 24,588 32,527 20,516 17,724 21,623 19,399 26,863 15,995 12,689 17,203 1.4 2.0 1.2 1.0 1.4 -0.5 -0.1 0.3 0.7 1.1 1.5 1.9 2.3 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Provision for loan losses (Ch$ million) Cost of credit (Ch$ million) Cost of credit / Loan portfolio* - Annualized (%) In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Provision for Loan Losses (21,623) (17,724) (3,899) 22.0% (24,588) 2,965 - 12.1% (39,347) (44,969) 5,623 - 12.5% Recovery of Loans Written Off as Losses 4,420 5,034 (615) - 12.2% 5,189 (769) - 14.8% 9,454 9,939 (485) - 4.9% Cost of Credit (17,203) (12,689) (4,514) 35.6% (19,399) 2,196 - 11.3% (29,892) (35,031) 5,138 - 14.7% Note: Cost of credit for Colombia is expressed in constant currency in order to eliminate the impact of foreign exchange rate varia tio n, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022. In the second quarter of 2022, Cost of Credit amounted to Ch$17.2 billion, a 35.6% increase from the previous quarter. This increase is explained by a higher delinquency of consumer loans in the second quarter of 2022, in addition to the effect of the better risk perfor- mance observed in the previous quarter, mainly in relation to Wholesale Banking clients, together with an increase in commercial credit recoveries observed in 1Q22. The Cost of Credit decreased 11.3% when compared to the second quarter of 2021, since the quarter under analysis still reflects the positive impacts of the decreasing trend in portfolio delinquency that was accentuated during the second half of 2021, highlighting the performance of commercial loans. Note: Provision for loan losses and cost of credit for Colombia are expressed in constant currency in order to eliminate the impact of foreign exchange rate variation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022. Note : Allowance for loan losses for Colombia is expressed in constant currency in order to eliminate the impact of foreign exchange rate variation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022.

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38 Management Discussion & Analysis Income Statement Analysis Credit Quality Delinquency Ratios Non - Performing Loans NPL Ratio (%) by Segments | over 90 days In June 30, 2022, the total NPL ratio over 90 days decreased 12 basis points when compared to the previous quarter. This is explained by the joint effect of the decline in the non - performing commercial portfolio and the growth of the loan portfolio by 2.3% (see on page 42). On a 12 - month comparison, total NPL ratio over 90 days decreased from 3.85% to 2.80%, mainly driven by a decrease in commercial loans NPLs and growth of 5.3% in the loan portfolio, highlighting the growth in Retail, both in consumer and mortgage loans. The portfolio of credits 90 days overdue decreased 1.86% in the second quarter of 2022 when compared to the previous quarter, mainly due to a decrease in NPLs for commercial loans which counter- acted the observed increases in consumer and mortgage loans When compared to the second quarter of 2021, the portfolio of credits 90 days overdue decreased 23.43%, variation that considers a de- crease of 32.55% in the commercial portfolio in non - performing loans and a growth of 27.79% in consumer. 200,735 171,202 174,718 172,949 188,563 176,507 162,544 147,130 144,389 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Non-performing Loans over 90 days - Colombia 4.61% 3.88% 4.08% 4.21% 4.62% 4.14% 3.79% 3.39% 3.00% 4.54% 4.23% 3.98% 3.27% 3.09% 2.94% 2.61% 2.38% 2.81% 1.05% 1.33% 2.13% 1.53% 1.78% 1.86% 1.84% 1.86% 2.12% 4.01% 3.50% 3.71% 3.58% 3.85% 3.51% 3.21% 2.92% 2.80% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Commercial Mortgage Consumer Total Coverage Ratio 1 (%) | 90 days As of June 30, 2022, the 90 - day coverage ratio reached 169%, a decrease of 4.2 percentage points when compared to the previous quarter. On a 12 - month comparison, the total 90 - day coverage ratio increased 18.3 percentage points. NPL Ratio (%) | over 90 days 134 148 163 163 150 162 170 173 169 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Colombia 4.01 3.50 3.71 3.58 3.85 3.51 3.21 2.92 2.80 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Colombia The NPL ratio of credits 90 days overdue decreased 12 basis points in the second quarter of 2022 when compared to the previous quarter, and reached 2.80% by the end of June 30, 2022. When compared to the same period in 2021, the ratio decreased 105 basis points. Note: NPLs for Colombia are expressed in constant currency in order to eliminate the impact of foreign exchange rate variation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022.

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39 Management Discussion & Analysis Income Statement Analysis * Loan portfolio average balance of the two previous quarters. In the second quarter of 2022, the loan portfolio write - off totaled Ch$36.8 billion, a 6.3% increase when compared to the previous quarter, mainly due to higher write - offs in commercial loans recog- nized in this quarter. The ratio of written - off operations to loan portfolio average balance reached 2.92%, a 0.20 percentage points increase when compared to the previous quarter and a 0.77 percentage points increase on a 12 - month comparison. Loan Portfolio Write - Off 26.0 39.0 17.5 19.1 26.3 29.5 19.1 34.6 36.8 2.10 3.12 1.48 1.57 2.15 2.40 1.51 2.72 2.92 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50 1.60 1.70 1.80 1.90 2.00 2.10 2.20 2.30 2.40 2.50 2.60 2.70 2.80 2.90 3.00 3.10 3.20 3.30 0 5 10 15 20 25 30 35 40 45 50 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Write-off (Ch$ billion) - Colombia Write-off / Loan Portfolio* - Annualized (%) Recovery of Loans Written - off as Losses In this quarter, income from recovery of loans written - off as losses totaled Ch$4.4 billion, presenting a decrease of 12.2% compared to the first quarter of 2022, due to the collection management carried out in the first quarter that allowed the recognition of greater re- coveries of commercial loans. When compared to the same quarter in 2021, the income from re- covery of loans written - off as losses decreased by Ch$769 million or 14.8%. Ch$ million 5,189 5,664 4,521 5,034 4,420 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Recovery of Loan Written-off as Losses (Ch$ million) - Colombia Note: Write - off for Colombia is expressed in constant currency in order to eliminate the impact of foreign exchange rate variation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022. Note: Recovery of loans written - off as losses for Colombia is expressed in constant currency in order to eliminate the impact of foreign exchange rate variation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 per COP as of June 30, 2022. Ch$ million

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40 Personnel expenses Administrative Expenses Administrative Expenses amounted to Ch$24.0 billion in the second quarter of 2022, representing an increase of 35.7% compared to the previous quarter, due to regularizations in provisions of expenses made during 1Q22 that meant a reduction in this line of expenses. Compared to the second quarter of 2021, Administrative Expenses registered an increase of 23.8%, derived from higher technology ex- penses and referrals to consulting fees associated to the Bank's transformation program. Depreciation amortization and Impairment Depreciation, Amortization and impairment expenses totaled Ch$3.0 billion in the second quarter of 2022, no significant variation with respect to the previous quarter. When compared to the second quarter of 2021, there was a 15.5% decrease which is mainly due to the footprint optimization and the efficiency initiatives developed in recent years and its impact on the asset base of assets subject to amortization. Non - interest Expenses • Non - interest Expenses amounted Ch$48.4 billion in the second quarter of 2022, an 10.5% increase when compared to the previous qu arter and a 6.3% increase when compared to the second quarter of 2021. Highlights Personnel Expenses reached Ch$21.4 billion in the second quarter of 2022, presenting a decrease of 7.7% compared to the previous quar- ter and 5.2% on a 12 - month comparison, both variations are directly related to the reduction in the level of headcount observed during the year 2022. Headcount The total number of employees including Itaú Panama was 2,459 at the end of the second quarter of 2022, compared to 2,639 in the first quarter of 2022 and 3,013 at the end of the second quarter of 2021, a 18.4% reduction in headcount for the 12 - month period ended in June 30, 2022. 2,459 Headcount in Colombia and Panamá at the end of the 2Q22 - 6.8% (2Q22/1Q22) - 18.4% (2Q22/2Q21) Management Discussion & Analysis 3,297 3,115 3,098 3,067 3,013 2,931 2,691 2,639 2,459 - 0.4% - 5.5% - 0.5% - 1.0% - 1.8% - 2.7% - 8.2% - 1.9% - 6.8% -15.0% -13.0% -11.0% -9.0% -7.0% -5.0% -3.0% -1.0% 1.0% 1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300 3,500 3,700 3,900 4,100 4,300 4,500 4,700 4,900 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Colombia Δ % QoQ Income Statement Analysis Note: Managerial results for Colombia are expressed in constant currency in order to eliminate the impact of foreign exchange rate var iation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate: Ch$0.2230 per COP as of June 30, 20 22. In Ch$ million 2Q22 1Q22 change 2Q21 change 6M22 6M21 change Personnel Expenses (21,364) (23,149) 1,785 - 7.7% (22,541) 1,177 - 5.2% (44,513) (47,418) 2,905 - 6.1% Administrative Expenses (23,996) (17,681) (6,316) 35.7% (19,377) (4,620) 23.8% (41,677) (38,678) (2,999) 7.8% Personnel and Administrative Expenses (45,361) (40,830) (4,531) 11.1% (41,917) (3,443) 8.2% (86,190) (86,096) (94) 0.1% Depreciation, Amortization and Impairment (3,038) (2,959) (79) 2.7% (3,596) 558 - 15.5% (5,997) (6,414) 418 - 6.5% Total Non - interest Expenses (48,399) (43,788) (4,610) 10.5% (45,514) (2,885) 6.3% (92,187) (92,510) 323 - 0.3%

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41 Management Discussion & Analysis Efficiency Ratio We present the evolution of the efficiency ratio: 65.2% 77.6% 75.3% 69.0% 64.9% 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Efficiency ratio Income Statement Analysis Note: Managerial results for Colombia are expressed in constant currency in order to eliminate the impact of foreign exchange rate variation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate: Ch$0.2230 per COP as of June 30, 2022. Efficiency Ratio In the second quarter of 2022, our efficiency ratio reached 64.9%, a decrease of 4.2 percentage points when compared to the p rev ious quar- ter. This is mainly due to higher Operating Revenues that offset the impact of the 10.5% increase in Non - interest Expenses. When compared to the second quarter of 2021, the efficiency ratio decreased 0.4 percentage points, mainly due to higher Opera tin g Reve- nues in this quarter. Distribution Network Points of Service in Colombia Our distribution network provides integrated financial services and products to our customers through diverse channels, inclu din g ATMs, branch offices, internet banking and telephone banking. Automated Teller Machines (ATMs) | Colombia Branches | Colombia and Panama 127 111 111 109 108 107 104 86 87 - 0.8% - 12.6% 0.0% - 1.8% - 0.9% - 0.9% - 2.8% - 17.3% 1.2% -40% -35% -30% -25% -20% -15% -10% -5% 0% 5% - 50 100 150 200 250 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Colombia Δ % Branches Colombia QoQ As of June 30, 2022, we had 87 branches in both Colombia and Panama under the brand Itaú, presenting a growth of 1.2% when compared to the previous quarter, equivalent to 1 additional branch. When compared to the same period of 2021, the number of branches registered a decrease of 19.4% (21 branches less). 142 125 125 125 123 122 121 107 107 0.0% - 12.0% 0.0% 0.0% - 1.6% - 0.8% - 0.8% - 11.6% 0.0% -35% -30% -25% -20% -15% -10% -5% 0% 5% 50 100 150 200 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Colombia Δ % ATMs Colombia QoQ By the end of the second quarter of 2022, the number of ATMs totaled 107 in Colombia, unchanged from the previous quarter and a decrease of 13.0% on a 12 - month comparison, which is related to the footprint optimization implemented in recent years. Our cus- tomers continue to have access to over 16,000 ATMs in Colombia through Colombia ’ s financial institutions. Non - interest Expenses (Personnel + Administrative + Depreciation & Amortization + Impairment) Managerial Financial Margin + Commission and Fees = Efficiency Ratio

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42 Credit Portfolio • Excluding the effect of foreign exchange variation, at the end of the second quarter of 2022, the Colombian portfolio increas ed 2.3%, reached Ch$5.15 trillion when compared to the previous quarter and increased 5.3% compared to the second quarter of 2021. Highlights Management Discussion & Analysis In the following table, the loan portfolio is split into two groups: wholesale lending and retail lending. For a better under sta nding of the performance of these portfolios, the main product groups of each segment are presented below: Credit Portfolio by Products Income Statement Analysis Note: The loan portfolio for Colombia is expressed in constant currency in order to eliminate the impact of foreign exchange rate v ari ation, thus all figures from each of the periods analyzed were converted into Chilean Pesos at a single foreign exchange rate of Ch$0.2230 pe r C OP as of June 30, 2022. In Ch$ million, end of period 2Q22 1Q22 change 2Q21 change Wholesale lending 3,351,924 3,229,810 3.8% 3,230,609 3.8% Commercial loans 2,913,167 2,796,488 4.2% 2,769,595 5.2% Current account overdrafts 11,411 2,678 326.1% 1,892 503.2% Leasing and factoring 420,388 423,987 - 0.8% 452,787 - 7.2% Other loans and receivables 6,959 6,656 4.5% 6,335 9.9% Retail lending 1,800,718 1,807,198 - 0.4% 1,664,482 8.2% Residential Mortgage loans 803,147 784,518 2.4% 736,764 9.0% Housing leasing 335,751 332,152 1.1% 327,495 2.5% Other mortgage loans 467,396 452,366 3.3% 409,269 14.2% Consumer loans 997,570 1,022,680 - 2.5% 927,718 7.5% Consumer loans 752,840 785,885 - 4.2% 741,827 1.5% Current account overdrafts 1,539 1,498 2.7% 1,637 - 6.0% Credit card debtors 200,537 194,146 3.3% 148,537 35.0% Leasing consumer 169 230 - 26.6% 612 - 72.4% Other loans and receivables 42,485 40,921 3.8% 35,105 21.0% TOTAL LOANS 1 5,152,642 5,037,008 2.3% 4,895,091 5.3% The performance of Colombia's loan portfolio was marked by the increase in Wholesale lending, while at the Retail portfolio l eve l there is a contrast between the improvement in mortgage loans and a decrease in consumer activity, affected by the prevailing macroecono mic environ- ment. Compared to June 2021, the total loan portfolio showed an expansion of 5.3%, driven by the expansion in Retail activity, both in Consumer and Mortgage loans, in addition, at the greater dynamism of the Commercial portfolio, observed mainly in the last quarter. Residential Mortgage loans reached Ch$803.1 billion at the end of the second quarter of 2022, an increase of 2.4% compared to th e previous quarter and an increase of 9.0% when compared to as of June 30, 2021. On the other hand, the Consumer loans registered a decr eas e of 2.5% compared to the previous quarter and 7.5% increase when compared to as of June 30, 2021, an effect that has a direct impact on the results by assets financial margin in the period. (1) Total loans does not include balance owed by banks ..

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43 Balance Sheet Management Discussion & Analysis Balance Sheet Assets In Ch$ million, end of period 2Q22 1Q22 change 2Q21 change Cash and deposits in banks 1,655,846 3,478,417 - 52.4% 2,875,942 - 42.4% Cash items in process of collection 678,028 312,372 117.1% 442,662 53.2% Trading investments 645,216 328,381 96.5% 300,424 114.8% Investments under resale agreements 291,306 395,355 - 26.3% 122,998 136.8% Financial derivatives contracts 3,815,642 2,759,769 38.3% 2,588,103 47.4% Interbank loans, net 54,052 34,829 55.2% 57,489 - 6.0% Loans and accounts receivable from customers, net of loan loss allowances 25,822,414 24,076,981 7.2% 22,113,418 16.8% Available - for - sale investments 4,281,500 3,248,877 31.8% 3,907,850 9.6% Held - to - maturity investments 1,095,919 1,055,718 3.8% 173,232 532.6% Investments in associates and other companies 21,189 19,851 6.7% 12,035 76.1% Intangible assets 1 696,753 693,795 0.4% 702,939 - 0.9% Property, plan and equipment 164,513 164,661 - 0.1% 201,596 - 18.4% Current taxes 41,853 55,078 - 24.0% 100,123 - 58.2% Deferred taxes 278,132 321,520 - 13.5% 275,276 1.0% Other assets 783,732 672,997 16.5% 528,293 48.4% Total Assets 40,326,097 37,618,601 7.2% 34,402,380 17.2% 1 – Includes right - of - use assets under lease agreements arisen from IFRS 16 adoption since January 1, 2019. Compared to the second quarter of 2021, total assets increased by Ch$5,924 billion or 17.2%. The main changes are presented below: At the end of the second quarter of 2022, our assets totaled Ch$40.3 trillion, an increase of Ch$2,707 billion or 7.2% from the previous quarter, as present- ed below: * Securities Investment portfolio : Trading investments, available - for - sale investments and held - to - maturity investments. ** Total other assets : Investments in other companies, Intangible assets, Property, plant and equipment, Current taxes, Deferred taxes and Other ass ets. Ch$ billion Ch$ billion Chile and Colombia The chart below shows the contribution of Chile and Colombia to the total consolidated assets .. Ch$ 33.3 trillion Ch$ 7.1 trillion 83% 83% 83% 84% 83% 82% 82% 83% 82% 17% 17% 17% 16% 17% 18% 18% 17% 18% 38,969 36,732 35,639 33,615 34,402 35,769 37,784 37,619 40,326 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Chile Colombia Total Ch$ billion + 7.2% (Jun - 22 vs. Mar - 22) + 17.2% (Jun - 22 vs. Jun - 21) Ch$ 40.3 trillion Asset Breakdown June 30, 2022 + 6.7% (Jun - 22 vs. Mar - 22) + 9.7% (Jun - 22 vs. Jun - 21) 65.9% 4.2% 14.9% 9.5% 0.7% 1.7% 3.0% Loans Cash, deposits in banks and interbank loans Financial investments Financial derivatives contracts Repos Intangible assets Other assets + 15.8% (Jun - 22 vs. Mar - 22) + 24.2% (Jun - 22 vs. Jun - 21)

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44 Management Discussion & Analysis Balance Sheet Liabilities In Ch$ million, end of period 2Q22 1Q22 change 2Q21 change Deposits and other demand liabilities 7,078,095 7,243,860 - 2.3% 6,550,657 8.1% Cash items in process of being cleared 705,316 330,167 113.6% 420,259 67.8% Obligations sold under repurchase agreements 207,398 984,910 - 78.9% 483,241 - 57.1% Time deposits and other time liabilities 11,174,937 10,255,805 9.0% 10,269,825 8.8% Financial derivatives contracts 3,798,768 2,690,633 41.2% 2,377,921 59.8% Interbank borrowings 5,315,090 4,751,122 11.9% 4,453,688 19.3% Issued debt instruments 7,542,140 7,047,517 7.0% 6,335,525 19.0% Other financial liabilities 47,021 43,088 9.1% 29,163 61.2% Current taxes 0 932.60172 - 100.0% 344 - 100.0% Deferred taxes 0 0.000001 - 100.0% 102 - 100.0% Provisions 404,719 333,505 21.4% 296,499 36.5% Other liabilities 1 803,441 797,142 0.8% 818,188 - 1.8% Total Liabilities 37,076,925 34,478,682 7.5% 32,035,412 15.7% Attributable to Shareholders 3,245,916 3,136,852 3.5% 2,297,933 41.3% Non - controlling interest 3,256 3,067 6.2% 69,035 - 95.3% Total Equity and Liabilities 40,326,097 37,618,601 7.2% 34,402,380 17.2% * Total other liabilities: Cash items in process of being cleared, interbank borrowings, other financial liabilities, current taxes, deferred taxes, pro vis ions, other liabilities (including lease liabilities arising from IFRS 16 adoption since January 2019), capital, reserves, valuation adjustment, income for the per iod, minus: provision for mandatory dividend and non - controlling interest. 1 – Includes lease liabilities arisen from IFRS 16 adoption since January1, 2019. The main changes in liabilities at the end of second quarter of 2022, compared to the previous quarter, are presented in the chart below : Compared to the second quarter of 2021, the main changes in liabilities are highlighted as follows: Balance Sheet

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45 Management Discussion & Analysis Balance Sheet by Currency Assets | June 30, 2022 Liabilities | June 30, 2022 Balance Sheet by Currency In Ch$ million, end of period Consolidated* Business in Chile Ch$ UF FX Business in Colombia Cash and deposits in banks 1,655,846 1,329,448 756,310 - 573,138 326,398 Cash items in process of collection 678,028 669,288 268,948 - 400,340 8,739 Trading investments 645,216 228,954 228,954 - - 416,263 Investments under resale agreements 291,306 66,987 66,987 - - 224,319 Financial derivatives contracts 3,815,642 3,608,256 3,099,224 90,996 418,036 207,386 Interbank loans, net 54,052 - - - - 54,052 Loans and accounts receivable from customers, net of loan loss allowances 25,822,414 20,913,463 6,517,722 10,675,882 3,719,859 4,908,952 Available - for - sale investments 4,281,500 3,821,844 3,213,888 177,328 430,628 459,657 Held - to - maturity investments 1,095,919 920,038 509,590 382,672 27,776 175,881 Investments in associates other companies 21,189 15,283 15,063 - 221 5,906 Intangible assets 696,753 658,653 658,517 - 136 38,100 Property, plant and equipment 164,513 125,659 118,262 - 7,398 38,853 Current taxes 41,853 10,122 7,783 - 2,339 31,731 Deferred taxes 278,132 193,111 169,475 - 23,636 85,021 Other assets 783,732 689,531 295,337 4,665 389,529 94,201 Total Assets 40,326,097 33,250,638 15,926,060 11,331,543 5,993,035 7,075,459 In Ch$ million, end of period Consolidated* Business in Chile Ch$ UF FX Business in Colombia Deposits and other demand liabilities 7,078,095 4,277,207 3,271,328 26,077 979,802 2,800,888 Cash items in process of being cleared 705,316 705,314 440,984 - 264,330 2 Obligations sold under repurchase agreements 207,398 190,882 190,882 - - 16,516 Time deposits and other time liabilities 11,174,937 9,406,952 6,694,733 954,923 1,757,296 1,767,984 Financial derivatives contracts 3,798,768 3,600,516 3,106,084 78,397 416,035 198,252 Interbank borrowings 5,315,090 4,646,154 3,007,200 32,796 1,606,158 668,936 Issued debt instruments 7,542,140 6,738,317 432,637 6,305,679 - 803,823 Other financial liabilities 47,021 47,021 47,021 - - - Current taxes - - - - - - Deferred taxes - - - - - - Provisions 404,719 303,630 277,353 - 26,277 101,089 Other liabilities 803,441 690,842 217,202 195,952 277,687 112,600 Total Liabilities 37,076,925 30,606,834 17,685,425 7,593,825 5,327,585 6,470,090 Capital 2,687,951 2,174,020 2,174,020 - - 513,931 Reserves 236,234 (112,769) (112,769) - - 349,002 Valuation adjustment (41,771) (47,584) (19,784) - (27,799) 5,812 Retained Earnings: 363,503 627,815 256,969 315,215 55,631 (264,312) Retained earnings or prior years 194,464 462,881 462,881 - - (268,416) Income for the period 241,484 237,379 (133,467) 315,215 55,631 4,105 Minus: Provision for mandatory dividend (72,445) (72,445) (72,445) - - - Equity attributable to shareholders 3,245,916 2,641,482 2,298,436 315,215 27,832 604,434 Non - controlling interest 3,256 2,321 2,321 - 0 935 Total Equity 3,249,172 2,643,803 2,300,756 315,215 27,832 605,369 Total Liabilities and Equity 40,326,097 33,250,638 19,986,181 7,909,039 5,355,418 7,075,459 * Consolidated data not only considers Chile and Colombia but also adjustments related to intercompany and minority shareholder s.

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46 Management Discussion & Analysis Balance Sheet Credit Portfolio • By the end of the second quarter of 2022, our total credit portfolio reached Ch$26.6 trillion, increasing 7.0% from the previ ous quarter and 16.2% from the same period of the previous year. This annual growth is mainly explained by higher performance in the Chilean and Colombian markets, both in relation to Wholesale activity and Retail portfolio, also impacted by the effect of depreciation a gai nst the USD registered by both local currencies. • In constant currency, total loans in Colombia increased 2.3% in the second quarter of 2022 and increased 5.3% in the 12 - month pe riod ended June 30, 2022, with significant improvements in both the Consumer and Mortgage loans (see details on page 42). Consider ing the 6.5% appreciation of the Colombian peso against Chilean peso in the quarter, the loan portfolio for Colombia increased 8.9% in the second quarter of 2022 and increased 20.4% in the 12 - month period ended June 30, 2022. Highlights In Ch$ million, end of period 2Q22 1Q22 change 2Q21 change Wholesale lending 16,691,963 15,435,366 8.1% 14,761,633 13.1% Chile 13,340,039 12,402,119 7.6% 11,937,309 11.8% Commercial loans 10,850,005 10,436,051 4.0% 10,291,962 5.4% Foreign trade loans 1,598,646 1,182,677 35.2% 965,877 65.5% Leasing and Factoring 891,387 783,391 13.8% 679,470 31.2% Colombia 3,351,924 3,033,247 10.5% 2,824,324 18.7% Commercial loans 2,931,537 2,635,063 11.3% 2,428,480 20.7% Leasing and Factoring 420,388 398,184 5.6% 395,844 6.2% Retail lending 9,876,996 9,403,782 5.0% 8,111,272 21.8% Chile 8,076,278 7,706,567 4.8% 6,656,117 21.3% Consumer loans 2,094,609 1,993,346 5.1% 1,667,318 25.6% Residential mortgage loans 5,981,669 5,713,222 4.7% 4,988,799 19.9% Colombia 1,800,718 1,697,214 6.1% 1,455,155 23.7% Consumer loans 997,570 960,441 3.9% 811,047 23.0% Residential mortgage loans 803,147 736,773 9.0% 644,108 24.7% TOTAL LOANS 1 26,568,958 24,839,147 7.0% 22,872,905 16.2% Chile 21,416,316 20,108,686 6.5% 18,593,426 15.2% Colombia 5,152,642 4,730,461 8.9% 4,279,479 20.4% Loan Portfolio - Breakdown Credit Portfolio - Currency Breakdown Consumer 19% Mortgage 16% Commercial 65% Colombia 19% Consumer 8% Mortgage 23% Commercial 50% Chile 81% 6,579 6,557 6,600 6,740 6,764 6,870 9,033 9,214 9,452 9,799 10,189 10,676 7,105 7,101 7,759 8,215 7,887 9,023 22,717 22,873 23,812 24,754 24,839 26,569 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Ch$ UF FX Ch$ billion As of June 30, 2022, Ch$9,023 billion of our total credit portfolio was denominated in, or indexed to, foreign currencies. This portion increased 14.4% in this quarter and represents approximately 34% of our total Credit Portfolio. In the second quarter of 2022, the USD/ CLP exchange rate increased 17.8% or approximately Ch$140 per dollar. (1) Total loans does not include balance owed by banks ..

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47 Management Discussion & Analysis Balance Sheet By the end of the second quarter of 2022, our total consolidated NPL ratio for operations 90 days overdue reached 2.02%, an increase of 20 basis points from the previous quarter and a 59 basis points decrease when compared to the same period of 2021. The NPL ratio for commercial loans increased from 2.19% to 2.45% compared to the previous quarter. When excluding the student loans, the commercial loans NPL ratio reached 2.26%, a 31 basis points increase when compared to the previous quarter and 77 basis points decrease compared to the same quarter of the previous year. For consumer loans, the NPL ratio increased 23 basis points, whereas mortgage loans increased 3 basis points in the quarter, amounting to 1.80% and 1.06% respectively. NPL Ratio (90 days overdue) by segment The chart below shows the calculation of the average tangible Shareholders Equity or “ Managerial Equity ”, which we use to determine the RoTAE. Tangible Equity Breakdown 2Q22 Average Balance (Ch$ billion ) All other Assets: Ch$ 38,040 Ch$ 31,231 Ch $ 6,809 All other Liabilities: Ch$ 35,408 Ch$ 29,175 Ch$ 6,233 Asociado a Intangibles PPA: Ch$ 40 Minority Interest ex GW and PPA Intangibles: Ch$ 3 Assets: 38,589 Liabilities: 35,423 Minority Interest: 3 Managerial Tang. Equity: Ch$ 2,628 Ch$ 2,082 Ch$ 546 Shareholders’ Equity: 3,162 Managerial Tang. Equity: Recurring Results: Recurring RoTE : Ch$ 2,628 Ch$ 2,082 Ch$ 54 6 Ch$ 145.4 Ch$ 151.6 Ch$ (6.3) ÷ ÷ ÷ 22.1% 29.1% (4. 6 %) = = = Goodwill: Ch$ 493 Ch$ 493 Ch$ - Intangibles from PPA: Ch$ 5 6 Ch$ 56 Ch$ - Deferred taxes asociated with intangibles from PPA: Ch$ 15 Ch$ 15 Ch$ - Asociated w/ PPA Intang ..: Ch$ - GW and PPA Intangibles: Ch$ 534 Ch$ 534 Ch$ - 2.55% 2.46% 2.57% 3.06% 3.30% 2.97% 2.30% 2.19% 2.45% 2.17% 2.16% 2.19% 2.76% 3.03% 2.80% 2.05% 1.94% 2.26% 1.97% 1.61% 1.46% 1.33% 1.23% 1.12% 1.07% 1.03% 1.06% 2.14% 1.26% 1.81% 1.68% 1.67% 1.39% 1.30% 1.58% 1.80% 2.38% 2.15% 2.23% 2.50% 2.61% 2.34% 1.88% 1.82% 2.02% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 Commercial Comm. ex-Students loans Mortgage Consumer Total

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48 Management Discussion & Analysis Balance Sheet Funding • Our funding strategy is to optimize all sources of funding in accordance with their costs, their availability, and our genera l a sset and liability management strategy. • Our strategy in terms of bond issuances is to seek longer maturity tenor and maintain comfortable liquidity levels under BIS III standards. In addition, the spreads vs. peers obtained in these issuances have stayed 8bps, benefitting our cost of funds. In 20 22, we have issued bonds in the amount of UF 15.5 million (equivalent to Ch$512,846 million and US$557.5 million). • Total funding amounted to Ch$31.4 trillion by the end of the second quarter of 2022, a 3.4% increase compared to the previous qu arter and a 11.5% increase compared with the same period of 2021. The quarter - over - quarter change was primarily due to: (i) Interbank borrowings growth (11.9%); (ii) time deposits and saving accounts increase (9.0%); and (iii) bonds increase (7.2%), which is con centrated in UF bonds that have been affected by the higher inflation in the period. These changes were partly offset by Investments so ld under repurchase agreements ( - 78.9%). In addition, the deposits and other demand liabilities decreased ( - 2.3%) due to the monetary policy interest rate rose from 7.0% in March 2022 to 9.0% in June 2022. Year - over - year, time deposits and saving accounts continued to grow, increasing by 8.8%; demand deposits continued to grow, increasing by 8.1% driven by direct transfers to households in 2021. A lso bonds and Interbank borrowings have expanded by 20.7% and 19.3%, respectively against the second quarter of 2021. On the other hand , Investments sold under repurchase agreements have decreased by 57.1%. Highlights In Ch$ million, end of period 2Q22 1Q22 change 2Q21 change Funding from Clients (A) 18,460,430 18,484,575 - 24,145 - 0.1% 17,303,723 1,156,707 6.7% Deposits and other demand liabilities 7,078,095 7,243,860 - 165,765 - 2.3% 6,550,657 527,438 8.1% Time deposits and saving accounts 11,174,937 10,255,805 919,131 9.0% 10,269,825 905,112 8.8% Investments sold under repurchase agreements 207,398 984,910 - 777,512 - 78.9% 483,241 - 275,843 - 57.1% Other Funding (B) 12,904,250 11,841,727 1,062,523 9.0% 10,818,376 2,085,874 19.3% Letters of credit 21,386 22,573 - 1,187 - 5.3% 26,656 - 5,270 - 19.8% Bonds 6,289,666 5,868,917 420,749 7.2% 5,212,869 1,076,797 20.7% Subordinated bonds 1,231,089 1,156,027 75,062 6.5% 1,096,000 135,089 12.3% Interbank borrowings 5,315,090 4,751,122 563,968 11.9% 4,453,688 861,402 19.3% Other financial liabilities 47,021 43,088 3,932 9.1% 29,163 17,858 61.2% Total Funding (A) + (B) 31,364,680 30,326,302 1,038,378 3.4% 28,122,099 3,242,581 11.5% Loans and Funding Loan portfolio / Funding from clients and other funding 28.1 28.5 29.9 30.3 31.4 22.9 23.8 24.8 24.8 26.6 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 81.3% 83.6% 82.9% 81.9% 84.7% The ratio between the loan portfolio and the funds raised from clients and other funding reached 84.7% in the second quarter of 2022: Loan portfolio Funding from clients and other funding

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49 Management Discussion & Analysis Risk and Capital Management Risk and Capital Management We believe that risk management is essential to optimize the use of resources and select the best business opportunities to m axi mize value cre- a t i o n f o r s h a r e h o l d e r s .. I n t h i s c o n t e x t , t h e r i s k a p p e t i t e s t a t e m e n t d e f i n e s t h e n a t u r e a n d t h e l e v e l o f r i s k s a c c e p t a b l e a n d t h e risk culture guides the attitudes required to manage them. We have established a Risk and Capital Commission to assist our Board and management in their assessment and management of ma rke t and liquidity risks, P&L and capital adequacy, in accordance with both economic principles and the applicable regulation. The Com mis ion applies these principles and rules to provide oversight and management of market and liquidity risks, P&L and economic capital alloca tio n, to review the effectiveness of related policies and limits as well as to review the adherence to market and liquidity risk and capital poli cie s and procedures throughout the Bank. We take a forward - looking stance in relation to capital management and, through our Internal Capital Adequacy Assessment Process (“ ICAAP ”), we assess the adequacy of our capital to face the incurred risks, composed by credit, market, operational and other material ris ks. Liquidity Coverage Ratio (LCR) Net Stable Funding Ratio (NSFR) In Ch$ million 2Q22 1Q22 High Quality Liquid Assets 4,102,468 3,717,095 Net Potential Cash Outflows 2,414,410 2,672,997 LCR (%) 153.5% 154.0% In Ch$ million 2Q22 1Q22 Available Stable Funding 21,081,294 20,116,232 Required Stable Funding 17,747,063 19,004,465 NSFR (%) 110.9% 113.3% In Ch$ million 2Q22 1Q22 Available Stable Funding 4,180,222 4,189,385 Required Stable Funding 4,395,327 4,351,838 NSFR (%) 96.1% 95.3% • Identification and measurement of existing and potential risks in our operations. • Alignment of institutional policies for risk management control, procedures and methodologies according to the guidelines of the Board of Directors and our corporate strategies. • Management of our portfolio seeking optimal risk - return ratios. Our risk management process includes: Starting in April 2019, Chilean banks began reporting their local LCR figures with a minimum level set by CMF at 60%.This min imu m will gradu- ally rise to 100% by June 2022. Our internal minimum limit for LCR set by our board of directors is 100%. Note: Figures for Colombia are expressed in constant currency, thus all figures from each of the periods analyzed were converted into Chilean peso at a single foreign exchange rate: Ch$0.2230 per COP as June 30, 2022. Note: Figures for Colombia are expressed in constant currency, thus all figures from each of the periods analyzed were converted into Chilean peso at a single foreign exchange rate: Ch$0.2230 per COP as of June 30, 2022. • In line with international risk management practices, we use the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NS FR) to manage liquidity risk. • The methodology used to estimate LCR and NSFR consists of liquidity ratios proposed by the Basel III Committee on Banking Sup erv ision (BIS III), which were adopted by the CMF and the Brazilian Central Bank (BACEN). Highlights Our current internal minimum limit for NSFR, set by the board of directors, is 90% in Chile and Colombia. Note: NSFR data considers consolidated information for Chile and its subsidiaries and for Colombia and its subsidiaries .. In this report, we have changed “ Potential Cash Outflows ” data included in 3Q19, for “ Net Potential Cash Outflows ” since 4Q19. Liquidity Ratios In Ch$ million 2Q22 1Q22 High Quality Liquid Assets 1,097,624 889,122 Net Potential Cash Outflows 702,736 753,277 LCR (%) 145.7% 126.5%

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50 Management Discussion & Analysis Risk and Capital Management Capital • At the end of the second quarter of 2022, our regulatory capital ratio reached 15.07%, a decrease of 43 basis points when com par ed to the previous quarter. Highlights Our minimum capital requirements are set by the Comisión para el Mercado Financiero (“ CMF ”), which follows the Chilean banking law capital requirements. On January 12, 2019, a new banking law was enacted for purposes of adopting Basel III and replaced the SBIF with CMF, as of June 1, 2019. With this milestone the process of implementing Basel III in Chile started. During 2020, the CMF issued regulations for several key definitions for the implementation of Basel III, such as the exact ca pit al de- ductions to be taken from regulatory capital, specific buffer sizes, changes in credit RWA as well as the definitive models f or market and operational risks, among other aspects. The regulatory adjustments of the capital base will be applied progressively duri ng a 5 - year term, with no deductions applied in 2021. Currently, our minimum capital requirement is expressed as a ratio of regulatory capital, stated by the referential equity or to tal capital, composed of Tier I capital and Tier II capital, and the risk - weighted assets, or RWA. Our minimum total capital require ment corresponds to 10.0%. Itaú Corpbanca targets an optimal capital ratio based on the greater of 120% of the minimum regulatory capital requirement or th e average regulatory capital ratio of the three largest private banks in Chile and Colombia. Minimum Capital Requirement In Ch$ millions, end of period 2Q22 1Q22 Core capital 1 3,245,916 3,136,852 ( - ) Goodwill (492,512) (492,512) (+) Subordinated debt 1,076,573 1,020,943 (+) Additional provisions 156,659 139,873 (+) Minority interest 3,256 3,067 = Regulatory capital (Core capital + Tier II capital) 3,989,892 3,808,222 Risk - Weighted assets (RWA) 26,474,825 24,564,421 BIS (Regulatory capital / Risk - weighted assets) 2 15.07% 15.50% Core capital ratio 1 (ex - goodwill) 10.40% 10.76% Main changes in the 2Q22 Note: (1 ) Core Capital = Capital básico according to CMF current definitions aplied from 4Q21; (2) BIS Ratio = Regulatory capital / RWA, according to CMF current definitions aplied from 4Q21 .. Solvency Ratios In the second quarter of 2022, the solvency ratio decreased 43 basis points, from 15.50% to 15.07%, mainly due to an increase in risk weighted assets. This was partially offset by results of the period, other comprehensive income (OCI) and its effect on core capital and an increase in computable subordinated debt (FX effect). 15.50% 15.07% 44 bp 23 bp - 117 bp 7 bp 1Q'22 Core Capital (1) Subordinated Bonds RWA Other 2Q'22

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51 Management Discussion & Analysis Risk and Capital Management Ownership structure and resource management The Bank's current ownership structure consists of Itaú Unibanco (65.62%), the Saieh Family (2.10%) and minority shareholders (32.28%). It is worth mentioning that the ownership structure was recently updated, on July 14, 2022, the date on which the t erm i- nation of the Transaction Agreement, dated as of January 20, 2017, among Itaú Corpbanca, among Itaú Unibanco Holding S.A., CorpGroup Interhold SpA, Inversiones GASA Limitada and other related companies of CG Banking, as well as the Shareholders Agreement, dated as of April 1, 2016, among CorpGroup Interhold SpA, Inversiones Gasa Limitada, CG Banking, CorpGroup Hold- ing Inversiones Limitada, SAGA, ITB Holding Brasil Participações Ltda and Itaú Unibanco Holding S.A., was communicated to the market by means of a Material Event Notice filed with the CMF. The Bank's bylaws, Title VII, establish that it must distribute annually as a cash dividend to its shareholders, at the propo sal of the Board of Directors and in proportion to its shares, at least 30% of the net profits of each year. However, no dividend may be di s- tributed if a part of the capital has been lost, while the loss has not been repaired, or in the event that due to the effect of the distribution the Bank infringes any of the patrimonial requirements required by the General Law of Banks. Under the development exercise of the capital contingency plan, we seek to design a system that allows an efficient response to a capital adequacy event (ESC), in order to safeguard the continuity of the Bank and its subsidiaries, minimize negative effect s a nd protect depositors, creditors and shareholders of Itaú Corpbanca. The capital contingency plan is reviewed and updated annual- ly, in accordance with the preparation of the Bank's capital plan or other possible needs, with the aim of having a plan that al lows stabilizing and resolving these situations in the appropriate time, safeguarding compliance with internally defined capital r e- quirements, as well as regulatory requirements.

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Additional Information 03 Management Discussion & Analysis and Complete Balance sheet & income statements

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54 Management Discussion & Analysis Additional Information Our Shares Itaú Corpbanca capital stock is composed of 973,517,871,202 common shares traded on the Santiago Stock Exchange ( ITAUCORP ) as of June 30, 2022. Shares are also traded as American Depositary Receipts (“ ADR ”) on the New York Stock Exchange ( ITCB ). Dividends Charge to Fiscal Year Year paid Net Income (Ch$ mn) 1 % Distributed Dividend per Share (Ch$) 2017 2018 57,447 40% 0.044844689 2018 2019 172,047 30% 0.100728627 2019 2020 127,065 100% 0.2479770771 2020 2021 (925,479) 0% 0.000000000 2021 2022 277,806 30% 0.0856089775 The actual amount of dividends will depend on, among other factors, our current level of net income, capital and legal reserve require- ments, as well as market conditions. We cannot guarantee the amount or timing of future dividends. For purposes of capital require- ments, annual dividends are provisioned at 30%. Itaú Corpbanca paid its last annual dividend of Ch$0.0856089775/ share in Chile on March 24, 2022. The dividend payout ratio was 30% of 2021 Net Income, equivalent to a dividend yield of 5.41%. The following table shows dividends per share distributed during the past five years: Ch$1.7 trillion | US$1.8 billion Market Capitalization Corporate Structure Chart Performance in the Capital Markets Sell - side ratings 10 1 0 Buy Hold Sell Source: Sell - side reports .. As of July 14, 2022, our shareholders structure was as follows: Shareholder Base and Ratios 2Q22 1Q22 2Q21 Number of outstanding shares (million) 973,517.9 973,517.9 512,406.8 Number of outstanding ADRs [1:1500] (million) 6.50 6.47 5.00 Recurring Diluted Earnings per share in the quarter (Ch$) 0.15 0.11 0.14 Accounting Diluted Earnings per share in the quarter (Ch$) 0.14 0.11 0.13 Recurring Diluted Earnings per ADR in the quarter (US$) 0.24 0.22 0.28 Accounting Diluted Earnings per ADR in the quarter (US$) 0.23 0.21 0.27 Book value per share in the quarter (Ch$) 3.33 3.22 4.48 Price* / Earnings (P/E) 3.09 4.01 3.84 Price*/ Tangible Book Value (P/B) 0.51 0.54 0.45 ITAUCORP ITCB Price and Volume (Common shares) (ADR) Ch$ US$ Closing Price at 06/30/2022 1.72 2.83 Maximum price in the quarter 2.10 3.90 Average Price in the quarter 1.82 3.26 Minimum price in the quarter 1.69 2.80 Closing Price at 03/31/2022 1.75 3.34 Closing Price at 06/30/2021 2.03 4.23 Change in 2Q'22 - 1.89% - 15.27% Change in LTM - 15.46% - 33.10% Average daily trading volume LTM (million) 1,658.94 0.09 Average daily trading volume in 2Q'22 (million) 2,284.97 0.04 * Closing price on the last trading day of each period. 1 - Net Income Attributable to Shareholders (Accounting) Strengths of our structure • Itaú Corpbanca is controlled by Itaú Unibanco. • Itaú Unibanco appoints the majority of the board of directors (8/11). • Professional and experienced management team. Average daily traded volumes for the 12 - month period ended June 30, 2022 (US$ million) 1 – Includes 103,736,846,776 shares owned by ITB Holding Brasil Participações Ltda. that are under custody. 2− Includes 36,000,000 shares owned by Corp Group Banking S.A. that are under custody.

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55 Management Discussion & Analysis Credit Risk Ratings Additional Information On a global scale, Itaú Corpbanca is rated by two internationally rec- ognized agencies: Moody´s Investors Service (‘ Moody ’ s ’) and Stand- ard & Poor´s Global Ratings (‘ Standard & Poor ’ s ’ or ‘ S&P ’). Detailed international ratings are presented below: International Credit Risk Rating Moody´s Rating Long term Counterparty Risk Rating (CRR) A2 Long - term foreign currency deposits A3 Long - term foreign currency debt A3 Short - term foreign currency deposits Prime - 2 Outlook Negative On a national scale, Itaú Corpbanca is rated by Feller Rate Clasificado- ra de Riesgo Ltda. (‘ Feller Rate ’) and by Clasificadora de Riesgo Hum- phreys Ltda. (‘ Humphreys ’). Detailed local ratings are presented below: Standard & Poor´s Rating Long - term issuer credit rating BBB+ Senior unsecured bonds BBB+ Short - term issuer credit rating A - 2 Outlook Negative Local Credit Risk Rating Feller Rate Rating Long - term issuer credit rating AA+ Senior unsecured bonds AA+ Letter of credit AA+ Long - term deposits AA+ Subordinated bonds AA Short - term deposits Nivel 1+ Shares 1ª Clase Nivel 1 Outlook Stable Humphreys Rating Long - term issuer credit rating AA Senior unsecured bonds AA Letter of credit AA Long - term deposits AA Subordinated bonds AA - Short - term deposits Nivel 1+ Shares 1ª Clase Nivel 1 Outlook Positive

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56 Management Discussion & Analysis Our Value Proposition Based on a segmentation model aimed at optimizing the level of service, satisfaction and profitability per customer, Itaú Cor pba nca has focused on the delivery of financial solutions that create value for its customers, recognizing and adapting to new trends an d n eeds, putting a main focus on the “ digital transformation ”. Segmentation Wholesale Banking Retail Banking • Corporate and Investment Banking (CIB): serves the largest economic groups of the country. This unit is distinguished by the understanding and knowledge of the business of its clients, focusing on serving them with value propositions adapted to their needs, maintaining a constant search for the quality of the services delivered and real concern in the use of Environmental, Social and Governance (ESG) criteria. • Institutional: this segments is specialized in financial and non - financial institutional clients, with focus on their investment, funding and non – credit products and ser- vices needs for their daily operations. • Multinational: levers the Itaú BBA footpring along Latam, developing distinct value proposals for companies operating along the region. We supply different alterna- tives for optimizing working capital and Treasury management cross border. • Real Estate and Construction Banking: serves clients that develop and sell real estate, lease commercial, industrial and residential buildings, and construction companies. • Large Companies Banking: its clients correspond to legal entities and/or economic groups with annual revenues between US$8 and US$100 million, that do not oper- ate in the real estate or construction industries. It stands out for its national pres- ence from the business center of Santiago to commercial executives in the main cities of the country. • Private Bank: serves high income individuals with net investments over US$1 mil- lion and their personal businesses. • Personal Bank: serves individuals with monthly income from Ch$2.5 million in the Metropolitan Region and Antofagasta, and Ch$2.3 million in other parts of Chile, or investments between Ch$70 million and Ch$700 million . • Itau Branches: corresponds to the commercial segment that serves individuals with monthly income between Ch$600,000 and Ch$2.5 million in the Metropolitan Re- gion and Antofagasta, and Ch$2.3 million in other parts of Chile, or investments under Ch$70 million. • Condell: serves individuals with monthly income between Ch$200,000 and Ch$600,000. Since the fourth quarter of 2021, the Bank has begun to work on changes to its segmentation model, to evolve from a model tha t f ocuses on size and sector, to one that includes and understands variables of customer behavior, allowing it to increase its customer sa tis faction by focusing efforts on new customer needs (see Annual Report 2021 available in https://s2.q4cdn.com/476556808/files/doc_financials/2021/ ar/ITCB_Memoria - Integrada - Anual - 2021.pdf ). Additional Information CIB Institutional Multinational Real Estate Large Companies Private Bank Itau Branches Personal Bank

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57 Management Discussion & Analysis Our Value Proposition This unit aims to manage the market and liquidity risks of the Bank, as well as to optimize the funding structure and allocat ion of transfer prices applied to the products managed by the Bank. This unit comprises four areas in charge of developing these objectives: • Distribution Desk, in charge of the distribution of the Bank's financial products to its customers through specialized equipment and chan- nels. • Liquidity, responsible for guaranteeing the liquidity of the Bank that allows it to efficiently fulfill its obligations according to int ern al and external policies and guidelines. • Trading and Market Making, manages the Bank's market risks and provides competitive pricing so the Distribution Desk can distribute treasury products in the various commercial segments. • Asset and Liability Management (ALM), responsible for managing the market risks of the Bank's balance sheet and executing the institu- tion ’ s banking book strategy. The Bank's segmentation model is consolidated through subsidiaries, through which more comprehensive financial solutions are del ivered. These subsidiaries are made up of:  Itaú Corredores de Bolsa Limitada.  Itaú Asesorías Financieras Limitada.  Itaú Corredores de Seguros S.A.  Recaudaciones y Cobranzas Limitada.  Itaú Administradora General de Fondos S.A. Within the framework of this segmentation model, Itaú Corpbanca structures its offering of products and services covering: Treasury Companies • Commercial current accounts • Commercial credit card • Financing (credits, foreign trade, factoring and leasing) • Cash management • Corporate finance • Derivatives • Investment Banking Details in Itaú para tu empresa Individuals • Retail current account • Line of credit • Credit cards • Credits (consumer, student portfolio, among others) • Mortgage credit • Investments • Insurances Details in Itaú para ti Additional Information

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58 Management Discussion & Analysis Main Stakeholders Stakeholders Customers, defined as individuals or companies of all sizes that use the Bank ’ s services. Communication and relationship with this interest group is developed through the following channels: physical and digital branches, website, app, social networks, mailing, contact center, NPS surveys, among others. Employees, includes the employees of the Bank and its subsidiaries. Communication and relations with this group are maintained through the Bank's intranet, inter- nal newsletters, information screens, climate surveys, meetings of team leaders and feedback, among others. Suppliers, with which constant communication is main- tained via email, supplier portal, surveys, press releases, among others. Shareholders/Investors, group of stakeholders with whom the Bank communicates by means of: email, shareholders' meetings, notices to the market, the Bank's investor relations website, among others. Regulatory authorities, including financial industry and other regulatory entities with which the Bank holds com- pliance obligations. The Bank maintains communica- tions with regulatory entities via Memos, Regulator email address, Securities and Exchange Commission (SEC) filings, among others. Society in general, includes the media and citizens in general (customers and non - customers). The segmentation model, the value proposition and the strong link with stakeholders serve as a basis for the realization of t he strategic ob- jectives defined by the Bank, goals that in quantitative terms and in particular for the year 2022, refer to a growth of loans, with controlled credit risk (between 0.7% and 1.0% of the portfolio) and administrative expenses growing below inflation, objectives that are pe riodically monitored and analyzed in this quarterly disclosure (page 18 of this report). Itaú Corpbanca's activity focuses on the implementation of a transformation plan based on five pillars: “ disruption ”, “ customer centricity ”, “ simple and digital ”, “ innovative organization and culture ” and “ sustainable results ”. Under this framework, decision - making process takes into account social impact and shared values, which is why the Bank actively connects with its stakeholders, strengthening relationships of trust that safeguard its customers, collaborators and therefore the Ban k i tself. Additional Information

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59 Management Discussion & Analysis Risk management Additional Information Financial activities entail exposure to financial, credit, operational, legal and compli- ance risks, among others; for this reason Itaú Corpbanca has adopted an integrated risk management model, which starts with strengthening the transversal position of the collaborators as risk managers and is enhanced with the activity of Corporate Risk Department, which reports to the Chief Executive Officer and is responsible for carrying out this integral management, so that this becomes a competitive advantage for the Bank. Among the challenges arising from the COVID - 19 pandemic, the adaptation to remote work, the definitions of financial portability and, in general, the focus on the digital transformation applied by the Bank, has meant working on the strengthening of the Bank's ri sk management culture, with an emphasis on internal and external cybersecurity evidenced by various cybersecurity initiatives (such as training, communica- tions, promoting good internal practices and customer engagement, among others). In 2022, the management of these risks will con tinue to be a priority in the Bank's activity. From the perspective of socio - environmental risks, understanding that climate change can have consequences at physical and systemic levels, which affect the financial system and societies as a whole, in 2019 the Bank signed, together with others actors in t he national banking system, the Green Agreement promoted by the Chilean Finance Ministry ’ s Green Finance Board, whose objective is to support the commit- ments that Chile has made in climate matters. During the year 2020, the work focused on the definition of a Roadmap that will de fine the im- plementation of the Green Agreement that implies, in turn, the development of a Methodological Guide that allows the banking sector to manage the risks and opportunities in this context. Along similar lines, Itaú Corpbanca had a Socio - Environmental Risk Policy since 2018, which defines the guidelines for the evalu ation of financ- ing granted by the Bank, from the perspective of social and environmental impacts, a policy applied by the socio - environmental risk area , which performs an analysis of the information provided by clients to classify them according to their exposure to environment al risks, social and reputational. These bodies regulate and oversee compliance with current environmental, business - specific, labor, hygiene and safety regulations. The area searches the press for articles related to socio - environmental and reputation risk. It visits the customer ’ s webpage to analyze the social and environmental commitments undertaken. Based on the information gathered, the socio - environmental risk are a drafts a report and assesses the customer on the basis of socio - environmental and reputation risk exposure (see Annual Integrated Repor t 2021 available at https://s2.q4cdn.com/476556808/files/doc_financials/2021/ar/ITCB_Memoria - Integrada - Anual - 2021.pdf ). For more details of the risk management carried out and description of the same see chapter 7.6 of the Integrated Annual Repo rt 2021 availa- ble in https://s2.q4cdn.com/476556808/files/doc_financials/2021/ar/ITCB_Memoria - Integrada - Anual - 2021.pdf ) At Itaú Corpbanca we are all risk managers In this aspect, three lines of defense of the Risk Management Model are defined: 1 1 st Line of Defense: Business and Support Areas, responsible for identifying, measuring, assessing and managing the opera- tional risks that can impact the ability to meet strategic and operational objectives. 2 2 nd Line of Defense: Internal, Compliance and Operational Risk Departments, responsible for assisting the Business and Sup- port areas in managing operational risks and ensuring processes are in compliance with current regulations (internal and exte rna l). 3 3 rd Line of Defense: Internal Audit, responsible for regularly and independently evaluating the adequacy of risk management processes and procedures in accordance with Internal Audit Policy and reporting results to the Audit Committee.

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60 Management Discussion & Analysis Report of Independent Auditors

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Certain statements in this Report may be considered as 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", "wil l", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. These forward - looking statements includ e, but are not limited to, statements regarding expected benefits and synergies from the recent merger of Banco Itaú Chile with and into Cor pba nca, the integration process of both banks, the expected timing of completion of the transaction, anticipated future financial and operating perfo rma nce and results, in- cluding estimates for growth, as well as risks and benefits of changes in the laws of the countries we operate, including the Ta x Reform in Chile. These statements are based on the current expectations of Itaú Corpbanca ’ 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 opera tin g as effectively and efficiently as expected; (2) the combined company may be unable to achieve cost - cutting synergies or it may take longer than exp ected to achieve those synergies; (3) the credit ratings of the combined company or its subsidiaries may be different from what Itaú Corpbanca or its controlling share- holders expect; (4) the business of Itaú Corpbanca may suffer as a result of uncertainty surrounding the merger; (5) the indu str y may be subject to fu- ture regulatory or legislative actions that could adversely affect Itaú Corpbanca; and (6) Itaú Corpbanca may be adversely af fec ted 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 Itaú Corpbanca ’ s management. Although management considers these assumptions to be reasonable based on information currently available to it , t hey may prove to be incorrect. By their very nature, forward - looking statements involve inherent risks and uncertainties, both gener al 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 re sul ts to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward - looking statements. More infor- mation 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, 2021, filed with the SEC. Furthermore, any forward - looking s tatement contained in this Report speaks only as of the date hereof and Itaú Corpbanca does not undertake any obligation to update pub lic ly 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 con- tained in this Report are expressly qualified by this cautionary statement. CONTACT INFORMATION: Gabriel Moura CEO. Itaú Corpbanca Santiago. Chile Phone: (562) 2686 - 0558 IR@corpbanca.cl Rodrigo Couto CFO. Itaú Corpbanca Santiago. Chile Phone: (562) 2834 - 6067 rodrigo.couto@itau.cl Claudia Labbé Head of Investor Relations. Itaú Corpbanca Santiago. Chile Phone: (562) 2660 - 1751 claudia.labbe@itau.cl CAUTION REGARDING FORWARD - LOOKING STATEMENTS


_

Exhibit 99.2

 

itau_2010

 

 

Itaú Corpbanca and subsidiaries
As of and for the seven-month periods ended July 31, 2022 and 2021

 

 

The financial information of Itaú Corpbanca as of and for the seven-month periods ended July 31, 2022 and 2021 has been published on our website in accordance with Circular No 18 of the Chilean Commission for the Financial Market (or "CMF") dated September 1st, 2008. The unaudited financial information included herein has been prepared in accordance with the Compendium of Accounting Standards issued by CMF pursuant to Chilean Generally Accepted Accounting Principles (Chilean GAAP), which conform with the international standards of accounting and financial reporting issued by the International Accounting Standards Board (IASB) to the extent that there are not specific instructions or regulations to the contrary issued by the CMF.

Commencing on January 1, 2022, we have implemented the regulatory changes put in place by the new accounting standards compendium issued by the CMF. The main accounting impacts generated are related to the adoption of IFRS 9, except for the impairment for accounts receivable, in addition to the amendments introduced to chapter B related to the suspension of interest accrual and credit risk provisions on contingent loans. Further details on the impacts on the financial statements can be reviewed in note 1 of our audited financial statements as of December 31, 2021, which will be available on the following link:

https://s2.q4cdn.com/476556808/files/doc_downloads/2022/02/25/ITCB_Financial-Statements-with-Notes-Dec.2021_SPAN.pdf

 

 

 

 

CONDENSED CONSOLIDATED BALANCE SHEET

 

 

In Ch$ million

 

 

 

Jul'22

Jul'21

 

 

Total loans

26,613,717

23,120,252

 

 

Total assets

 

 

 

40,519,819

34,618,772

 

 

 

 

Deposits and other demand liabilities

6,673,714

6,689,740

 

 

Time deposits and other time liabilities

11,180,252

10,198,885

 

 

Interbank borrowings

5,373,943

4,502,224

 

 

Debt and regulatory capital instruments issued

7,360,578

6,216,322

 

 

 

 

Equity

 

 

 

3,212,712

2,395,603

 

 

Total equity attributable to equity holders of the Bank

3,209,663

2,325,857

 

 

Non-controlling interest

3,049

69,746

 

 

 

 

CONSOLIDATED INCOME STATEMENT FOR THE PERIOD

With reclassification of financial hedges1

 

 

 

 

In Ch$ million

7M'22

7M'21

7M'22

7M'21

 

 

Net operating profit before provision for loan losses

865,444

730,366

804,501

683,397

 

 

Loan losses expense2

(141,379)

(89,523)

(141,379)

(78,467)

 

 

Total operating expenses3

(413,993)

(394,856)

(413,993)

(394,856)

 

 

Operating income

310,072

245,987

249,129

210,074

 

 

Income from investments in companies

2,781

439

2,781

439

 

 

Operating income before income taxes

312,853

246,426

251,910

210,513

 

 

Income taxes

(40,982)

(68,648)

19,961

(32,735)

 

 

Consolidated income for the period

271,871

177,778

271,871

177,778

 

 

 

 

Net income attributable to holders of the Bank

271,846

176,186

271,846

176,186

 

 

Non-controlling interest

25

1,592

25

1,592

 

 

1 - Includes the reclassification of foreign exchange gain or loss generated by hedge positions that neutralize the impacts of exchange rate variation on the fiscal value of our investments abroad for both columns (2022 and 2021), and on our loan loss provisions associated with loans in foreign currency for column 2021 only.

2 - Includes Ch$26.6 billion of additional provisions established during the seven-month period ended July 31, 2022 (Ch$7.0 billion established during the seven-month period ended July 31, 2021).

3 - Includes $8,351 million of restructuring provision ‒ associated to non-recurring expenses related to the operational and digital transformation in Colombia ‒ established in May 2022.

 

 

 

 

 

 

This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market.

 

 

 

 

 

 

Roxana Zamorano

Gabriel Moura

 

 

Chief Accounting Officer

Chief Executive Officer