Itaú CorpBanca Colombia S.A. · Tauber Retail Julián Acuña Human Resources Marcela Jiménez Legal & Compliance Cristián Toro IT ... CEO Colombia and matrix reporting to ITCB for

Itaú CorpBanca Colombia S.A.

Institutional presentation March 2019

Institutional Presentation | Itaú Colombia

Itaú Colombia | Highlights

Successful advance in the implementation of the Itaú model in Colombia, in accordance with our strategic plan.

Diversification and reduction in concentration of the Bank’s funding. Focus in structurality

Strength in Credit-Risk evaluation

Results show a trend of recovery, towards building sustainable profitability in the long term.

Levels of Capital remain stable, and sound among our peers.

The Bank has a better Balance-Risk position compared to prior years, and a stronger Liquidity-Risk position than the average

for the Colombian Banks.

Customer-centered: new and differentiated offer to simplify the structure of the individuals segment. Introduction of Personal

Bank in 2018


Itaú Colombia | Who we are

We maintain the group’s structure with Itaú CorpBanca in Chile as our parent company and Itaú in Brazil as controlling shareholder.

ItaúUnibanco 1

Familia Saieh 2 IFC Others

38.14% 3 28.57% 3.32% 29.97%

Source: Itaú Chile, Itaú Colombia

1-Includes 3.651.550.022 shares owned by Saga III SpA that are under custody. 2- Includes 508.725.981 shares owned by Cía. Inmobiliaria y de Inversiones Saga SpA that are under custody. 3- Since April 2016 Itaú

Unibanco increased it´s participation by 4.56%, percentage sold by the Saieh Family according to what was established in the Shareholder´s Agreement; 4- Itaú (Panama) has international license.

ItaúCorpBanca

Helm CorpGroup Minority

66.28% 20.82% 12.36% 0.54%

Itaú CorpBancaColombia

Itaú

Fiduciaria

Itaú Securities

Services

Itaú Comisionista de

Bolsa

Itaú

(Panamá)4

Itaú Casa de

Valores (Panamá)

Itaú Corredorde Seguros

94.0% 94.5% 95.0% 100%


Itaú Unibanco | Footprint in Latin America March 2019

Employees: 1,688

Branches + CSBs: 85

ATMs: 176

Argentina

Employees: 5,777

Branches + CSBs: 202

ATMs: 463

Chile

Employees: 86,204

Branches + CSBs: 4,413

ATMs: 46,784

Brazil

Colombia¹

Employees: 3,484

Branches + CSBs: 163

ATMs: 172

Employees: 1,104

Branches + CSBs: 27

OCA service points: 35

ATMs: 60

Uruguay

CIB

Retail and Wholesale

México | CIB

Employees: 8

Employees: 855

Branches + CSBs: 44

ATMs: 298

Non-bank Correspondents: 59

Paraguay

PeruRepresentative

Office

Panamá

Source: Itaú Unibanco

1- Considers employees and branches from Panama


Itaú Unibanco at a glance

Leading position in Brazil

USD$ 85.8 billion market cap (1)

99,661 employees in Brazil and abroad

4,934 branches and CSBs in Brazil and abroad

47,953 ATMs in Brazil and abroad

Around 50.4 million clients in the Retail Bank in Feb/19

Brazilian multinational bank

Major provider of financing for the expansion of Brazilian companies

In 2017 Itaú Unibanco was elected the The Best Company in People Management (by “Valor Carreira”

magazine) and also recognized as a pro-ethics company (Pró-Ética), an initiative between the Office of

the Comptroller General (2) with the private sector, which encourages the voluntary adoption of integrity

measures and corruption prevention in the business sector, being the only financial institution among the

companies approved.

Global Footprint of Brazil’s Top Private Sector Bank | March 31, 2019

Financial Highlights and RatiosAs of and for the quarter ended March 2019

Total Assets

Total Loans (1)

Stockholders’ Equity

Recurring Net Income 2018 (2)

Recurring Net Income 1Q19 (3)

Long Term Foreign Currency

Recurring ROE 2018 (4)

Recurring ROE 1Q19 (5)

Efficiency Ratio 2018 (6)

Efficiency Ratio 1Q19 (6)

USD 421.2 Bn

USD 165.0 Bn

USD 30.6 Bn

USD 6.6 Bn

USD 1.8 Bn

Moody’s: Ba3

Fitch BB

S&P BB-

21.9%

23.6%

47.6%

46.3%

14.6%

Highlights

Financial Ratios

(Itaú Unibanco Holding)

Tier I (7)

Liquidity Coverage Ratio 164%

(1) Includes financial guarantees provided and corporate securities.(2) Represents Net Income adjusted for certain non recurring events described in the 4Q18 MD&A – Executive Summary.(3) Represents Net Income adjusted for certain non recurring events described in the 1Q19 MD&A – Executive Summary.(4) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to HistoricalSeries Spreadsheet.(5) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to the 1Q19MD&A – Executive Summary.(6) See “Efficiency Ratio” slides in this presentation for criteria.(7) Includes impacts from schedule anticipation of deductions and does not consider the additional dividend and interest onown capital.

Source: Itaú Unibanco

(1) As of March 31, 2019. Source: Economatica. (2) Controladoria-Geral da União (CGU).


Itaú CorpBanca | Highlights

Source: Itaú Chile, SBIF, SFC. Exchange rate of 680.44 CLP / USD

1- Consolidated information as of Feb-19; 2 – Includes headcount of our New York branch and since 1Q18 also from our RepOffices in Lima and Madrid; 3- Tangible Equity: Shareholders equity net of goodwill, intangibles

from business combination and related deferred tax liabilities.

Key part of Itaú Unibanco’s Internationalization Strategy

Assets USD 33.8 bn USD 43.4 bn

Loans USD 24.8 bn USD 31.8 bn

Market Share 10.1% 1

Employees 5,557 2 9,042

Branches 202 363

Recurring net

income 1Q19USD 44 mm USD 50 mm

Recurring RoTAE

1Q19 3 7.5% 6.9%

Main indicators March 2019


Itaú Colombia | Strong Corporate Governance (Mar-19) supports the strategy

Source: Itaú Colombia

1- Itaú Unibanco and CorpGroup appoint the majority of the members of the board of directors; 2- Pursuant to the Shareholders Agreement, the Directors appointed by Itaú Unibanco and CorpGroup shall vote together as a

single block according to Itaú Unibanco’s recommendation; 3- At the moment of publishing this presentation, the CEO is Juan Pablo Michelsen

Board Chile

Itaú CorpBanca CEO

CFO

Gabriel

Moura

CRO

Mauricio

Baeza

Treasury

Pedro

Silva

Marketing &

Products

Luciana Hildebrandi

Colombia

Álvaro

Pimentel

Wholesale

Christian

Tauber

Retail

Julián

Acuña

Human

Resources

Marcela Jiménez

Legal &

Compliance

Cristián Toro

IT

Luis

Rodrigues

Itaú CorpBanca Colombia CEO

CFO

María C.

Vandame 3

CRO

Juan Ignacio

Castro

Treasury

Derek

Sassoon

Compliance

Carlos

Díaz

Wholesale

Jorge

Villa

Retail

Hernando

Osorio

Human

Resources

María L. Ospina

Legal & General

Secretary

Dolly Murcia

Operations

Liliana

Suárez

IT

Bernardo

Alba

Board Colombia

Franchise,

Products & Digital

Marcos Andrade

Audit Committee

CAE

Emerson Bastián

Operations

Jorge

Novis

Manuel Olivares

Álvaro Pimentel

Chairman: Jorge Andrés Saieh Guzmán

Board Chile 1 2 Board Colombia

Chairman: Manuel Olivares

Ricardo Villela Marino

Milton Maluhy Filho

Caio Ibrahim David

Andrés Bucher Cepeda

Pedro Samhan Escandar

Fernando Concha Ureta

Jorge Selume Zaror

Fernando Aguad Dagach

Gustavo Arriagada Morales

Bernard Pasquier

Roberto Brigard Holguín

Luis Fernando Martínez Lema

Carmiña Ferro Iriarte

Rafael Pardo Soto

Juan Echeverría González

Gabriel Moura

Cristián Toro

Mónica Aparicio Smith

Matrix reporting to CEO

Colombia and functional

reporting to ITCB

Functional reporting to

CEO Colombia and matrix

reporting to ITCB for

coordination of specific

topics


Itaú Colombia | Accomplishments

The bank successfully completed the milestones set for 2018 and continues following the strategic plan

Source: Itaú Colombia

2016 2017 2018 2019

Change of strategy for

the IT integration

Alignment and new

standards for market

and liquidity, and

operational risks.

Revision of wholesale

loan portfolio

Incorporation of Itaú BBA

Introduction of the Itaú

brand and beginning of

technological migration

Creation of Franchise VP

Evaluation of products

and businesses

Revision of retail loan

portfolio

Completion of IT

migration

Digital strategy

Reorientation of retail

banking

Customer service quality

Reorientation of financial

results

Consolidation of value

offer for retail banking

Development of digital

channels

Growth in SME segment

Positive trend in the

bank’s financial results

Sustainable performance in the long term


Itaú Colombia | Highlights March 2019

Seventh bank in Colombia by assets, with presence in thirty locations in the country 1 and one in Panama

Source: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3174.79 per USD as of March 31, 2019.

1- Incluye ciudades principales y municipios. 2- Depuración de número de cuentas dado el proceso de migración tecnológica. 3- Para cartera comercial y consumo corresponde a la cartera con más de 90 días en mora,

para vivienda con más de 120 días

USD 9.4BN

Assets

USD 6.6BN

Loans

399m

Clients 2

3,445

Employees

174

ATMs

161

Branches

4.6%

Market share

2.9%

NPLs 90 days3

9.4%

Tier I

14.2%

Total Capital Ratio

USD 3.3MM

Net income 2018

USD 19.5MM

Net income 1Q19


Itaú Colombia | P&L concepts

The Bank is redirecting it’s income generation towards recurring sources and more profitable businesses, aligned with it’s strategy of sustainable profitability in the long term.

Source: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3174.79 per USD as of March 31, 2019

19.5

88.0

20.0

13.7 25.4

66.0

10.8

Net income Mar-19 (USD millions)

Taxes Net incomeCost of creditFinancial Margin

from marketFees

Financial margin

from clients

Administrative

expenses

+138%

+24% -42%

-3%+4%


Itaú Colombia | Profit

Ending 2018 above break-even, Itaú maintains a trend of recovery in the financial results with a net income of USD 19.5 millions and ROE of 2.5 for the first quarter of 2019.


1- 12 months net Income over 12 months average of equity and assets.

-10.0 -10.5 -9.2 -8.5-5.4 -0.3

5.5 3.4

19.5

3Q18 4Q18 1Q19

Quarterly income (USD millions)

Net income 2017: - $38.2 Net income 2018: + $3.3

1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

Monthly income (USD millions)

0.3

-1.3

1.0

0.0

3.2

-1.0

3.3

0.1

1.7 1.7

5.4

8.8

5.4

Jan-19 Feb-19Mar-18

Apr-18

May-18 Jun-18 Jul-18

Aug-18

Sep-18 Oct-18 Nov-18 Dec-18

Profitability ratios 1

Period ROE (%) ROA (%)

Mar-18 -3.0 -0.3

Jun-18 -2.1 -0.2

Sep-18 -0.8 -0.1

Dec-18 0.3 0.0

Mar-19 2.5 0.3

Banks Mar-19 13.2 1.7Mar-19


Itaú Colombia | Net interest margin

The Bank’s NIM maintains it’s recovery trend

Source: Superintendencia Financiera & Itaú Colombia

1- NIM = (Loans Interest – Deposits Interest expenses) / Gross Loans. Includes the cost of bonds, rediscounted loans and foreign currency loans. Annualized monthly NIM

NIM 1 (%)

NIM 20185.2NIM 20174.6 NIM 1Q195.2

4.40 4.51 4.57 4.81 4.784.43

5.02 4.95 5.034.70 4.96 5.02 5.20

5.705.27 4.95 4.93 4.85

5.155.83 5.92

5.27 5.41 5.01

7.00

6.25 6.25

5.50 5.50 5.25

5.00 4.75 4.75 4.50 4.50 4.50 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25

Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19

NIM CenBank Rate


Itaú Colombia | Funding evolution

The Bank maintains it’s focus on structural funding

Fuente: Superintendencia Financiera & Itaú Colombia

Funding mix Mar-19 (%)

49%

13%

TDs

Bonds

30%

8%

Savings

Checking

TDs by duration (%)

1114 16 1715 16 18 18

25

1722

18

5053

45 47

Itaú Mar-17 Itaú Mar-18 Itaú Mar-19 Banks Mar-19

Less than 6

months

From 6 to 12

months

From 12 to 18

months

18 months or

more


Itaú Colombia | Liquidity management under international standards

A strong liquidity management complying with Basel III principles results in a local ratio above 200%


Liquidity-Risk index - IRL 30 days (%)

200%

250%

300%

350%

400%

450%

277%

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

6.4 6.5 6.4 6.2 6.1 6.1 6.0 6.1 6.26.7 6.8 6.5 6.1 6.0 6.0 5.9 5.8 6.0

96.3% 95.2% 97.7% 100.3% 101.4% 102.2% 101.4%106.2%

103.4%

Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19

Net Loans

Deposits

Ratio


Itaú Colombia | Loan Portfolio evolution and mix

The focus will be increasing the size of the Retail Banking business, reaching a proportion similar to that of the average ofBanks in the medium term


1- Gross loans

66%

66%

67%

55%

23%

22%

20%

29%

11%

12%

13%

14% 3%

ItaúMar-17

ItaúMar-18

ItaúMar-19

BanksMar-19

Commercial Consumer Mortgage Microloans

Loans by type1 (USD bn, %)

35%

34%

12%

5%

8%4% 3%

Loans by segment 1 (%)

35%Corporate

34%Individuals

12%Medium

enterprises

5%Small

enterprises

8%Construction

4%Institutional

3%Private

$ 6.8

$ 6.5

$ 6.6

$ 142.2


Itaú Colombia | Credit-Risk ratios

Itaú Colombia maintains a conservative position as to Credit-Risk evaluation and provisions policies, anticipating cases of credit deterioration


1- Loans past due over 90 days for Commercial an Consumer portfolios, and 120 days for Mortgage portfolio.

Coverage 30 days NPLs (%)

NPLs 90 days 1 (%)

Coverage 90 days NPLs (%)

Itaú

Banks

NPLs 30 days (%)

164.5

150.5 146.8

166.0

137.1

152.6

128.5

152.5146.3

128.2 125.2 124.9134.0

123.9 125.0 125.3

137.3129.3


3.0

3.53.7 3.8

4.8

4.0

4.6

4.0 4.1

3.94.2

4.4 4.3

4.8 4.9 4.94.5

4.8


1.92.1

2.52.9 3.0 2.9 3.1 2.9 2.9

2.42.8

3.0 3.1 3.23.5 3.7

3.5 3.4


265.0254.2

216.5 218.9 216.5 210.2191.0

207.4 202.1

203.1183.5 179.0 186.4 184.2

172.1 168.5179.0 181.3



Itaú Colombia | Loan provisions

Loan provisions expense has normalized over the last quarters


1- Quarterly expense.

LLP expense / Gross loans 1 (%)

Itaú Banks

1.4

0.4

0.70.6

0.9

0.60.5

0.40.5

0.3

0.7

0.5

0.7 0.7

0.7

0.7 0.7

0.60.7

0.5

Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19


Itaú Colombia | Capital ratios

The regulatory capital ratio remains stable and adequate

Fuente: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3174.79 per USD as of March 31, 2019.

10.0 9.6 10.3 8.7 9.1

3.3 3.4 2.23.4 4.4

Peer A Peer B Peer C Peer D Itaú

Tier I Tier II

Consolidated capital ratio benchmark Mar-19 (%)Non-consolidated capital ratio Mar-19 (USD millions, %)

952

228

724

321

44

1,089

Tier 1 w/odeductions

Good will Tier 1 SubordinatedDebt

Other RegulatoryCapital

9.4%

14.2%

9.5 9.3 9.4 9.3 9.4 9.2 9.6 9.7 9.4

3.3 3.4 3.3 3.4 4.5 4.5 4.7 4.9 4.8


Tier I Tier II

Non-consolidated capital ratio evolution (%)

13.7 14.3 14.6 14.212.8 12.7 12.7 12.7 13.8

13.3 13.512.1

13.0 12.5

Non-Consolidated capital ratio benchmark Mar-19 (%)

15.3

19.9

12.815.2 14.2

Peer A Peer B Peer C Peer D Itaú


Itaú Colombia | Risk ratings

Itaú Colombia has an investment grade rating of BBB-, and a AAA local rating

Source: Rating agencies & Itaú Colombia

Fitch BRC S&P Moody’s

Colombia sovereign BBB / NegativeMay-19

BBB- / StableDec-18

Baa2 / StableMay-19

Issuer Default Rating – IDR

(International)BBB- / Stable

Mar-19

National, long-term AAA / StableJan-19

National, short-term BRC 1+Jan-19

Documents

Itaú CorpBanca Colombia S.A. · Tauber Retail Julián Acuña Human Resources Marcela Jiménez Legal & Compliance Cristián Toro IT ... CEO Colombia and matrix reporting to ITCB for