Ita Colombia Institutional Presentation 2Q18 June 2018 Ita Colombia - - PowerPoint PPT Presentation

June 2018

Itaú Colombia

Institutional Presentation 2Q18

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Itaú Colombia | Who we are

Source: Itaú CorpBanca Colombia 1- Since April 2016 Itaú Unibanco increased it´s participation by 2.48%, percentage sold by the Saieh Family according to what was established in the Shareholder´s Agreement. 2- Includes 182,125,023 shares owned by Cia. Inmobiliaria and Inversiones Saga S.A that are under custody. 3- Itaú (Panama) has international license.

Itaú CorpBanca Itaú CorpBanca Colombia CorpGroup Helm Minority 66.28% 12.36% 20.82% 0.54% Itaú Fiduciaria Itaú Securities Services Itaú Comisionista de Bolsa Itaú (Panamá)3 Itaú Corredor de Seguros 94.0% 94.5% 95.0% 100% Itaú Casa de Valores (Panamá) 100% Itaú Unibanco Saieh Family 2 IFC Others 36.06% 30.65% 3.32% 29.97% 80.0%

1

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

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Employees: 1,720 Branches + CSBs: 87 ATMs: 178

Argentina

Employees: 5,988 Branches + CSBs: 199 ATMs: 466

Chile

Employees: 86,144 Branches + CSBs: 4,388 ATMs: 46,463

Brazil Colombia¹

Employees: 3,536 Branches + CSB: 163 ATMs: 174 Employees: 1,112 Branches +CSBs: 27 Points of Service OCA: 35 ATMs: 62

Uruguay

CIB Minorista

Mexico | CIB

Employees: 8

1- Considers employees and branches from Panama

Employees: 837 Branches + CSBs: 40 ATMs: 307 Non-bank Correspondents: 57

Paraguay Peru Representative Office Panama

Itaú Unibanco | Retail footprint in Latin America June 2018

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Leading position in Brazil

(*) Includes the consolidation of Citibank in the 4Q17. (1) Includes financial guarantees provided. (2) Represents Net Income adjusted for certain non recurring events described in the 1Q18 MD&A – Executive Summary. (3) Represents Net Income adjusted for certain non recurring events described in the 1Q18 MD&A – Executive Summary. (4) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to Historical Series Spreadsheet. (5) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to the 1Q18 MD&A – Executive Summary. (6) See “Efficiency Ratio” slides in this presentation for criteria.

• US$67.6 billion market cap1
• 99,914 employees in Brazil and abroad
• 4,904 branches and CSBs in Brazil and abroad
• 47,650 ATMs in Brazil and abroad
• Brazilian multinational bank
• Major provider of finance 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 General2 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 | Jun. 30, 2018

Financial Highlights and Ratios

As of and for the quarter ended June 2018

Exchange rate of BRL 3,8758 / USD as of June 30, 2018 1- As of June 30, 2018. Source: Economatica. 2- Controladoria-Geral da União (CGU)

Total Assets (*) Total Loans (1) Stockholders’ Equity Recurring Net Income 2017 (2) (*) Recurring Net Income 2Q18(3) (*) Long Term Foreign Currency Recurring ROE 2017(4) (*) Recurring ROE 2Q18(5) (*) Efficiency Ratio 2017(6) Efficiency Ratio 2Q18(6)

Highlights Financial Ratios

(Itaú Unibanco Holding) Common Equity Tier I Liquidity Coverage Ratio USD 398.1 Bn USD 160.8 Bn USD 31.4 Bn USD 6.4 Bn USD 1.7 Bn Moody’s: Ba3 Fitch BB S&P BB- 21.8% 21.6% 46.4% 47.1% 15.1% 169%

Itaú Unibanco | At a glance

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Assets 2

USD 34.5 Bn USD 44.9 MM

Loans 2

USD 24.8 Bn USD 32.4 Bn

Market share

10.5% 2

Headcount 2

5,822 4 9,355

Branches 2

200 363

Recurring Net Income 2Q18

USD 97 MM USD 99 MM

Recurring RoTAE 2Q18 5

16.9% 13.7%

Sources: Itaú CorpBanca, SBIF and SFC 1 - Ranking for assets and loans consider Grupo Aval as the combination of Banco de Bogotá, Occidente, Popular, AV Villas; 2 - Consolidated information as ofJune 30, 2018; 3- Figures were converted at an exchange rate of 653.02 CLP/USD; 4 - Includes headcount of our New York branch and since 1Q18 also from our RepOffices in Lima and Madrid; 5 - Tangible Equity: Shareholders equity net of goodwill, intangibles from business combination and related deferred tax liabilities.

Regional footprint & main indicators 2 3

We are the 4th largest private bank in Chile and the 6th1 banking group in Colombia

Itaú CorpBanca | Highlights

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4

(US$ Bn) US$ Bn US$ Bn

Santander Citibank Caixa Bradesco3 Banco del Estado de Chile Banco do Brasil BBVA Scotiabank 1 2 3 4 5 6 7 8 9 Banco del Estado de Chile Scotiabank BCI Santander BBVA Itaú LatAm6 1 2 3 5 6 7 Grupo Aval Bancolombia Itaú CorpBanca4 8

Itaú CorpBanca represents 24%

• f Itaú Unibanco’s consolidated

loan portfolio7

Itaú Unibanco2

Banks by Assets in Latin America 1

Itaú CorpBanca4 Banco de Chile

Banks by Assets in South America (ex-Brazil) 5 Loan Portfolio as of Jun-18

15

Itaú Unibanco’s Loan Portfolio Itaú CorpBanca’s Loan Portfolio

134.3 32.4 48 61 80 98 194 375 376 385 430 461 10 9 48 52 55 55 55 58 61 61 85 86

1 - Data as of March 31, 2018. Includes Brazil, México, Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 2 - Includes Brazil, México, Argentina, Perú, Uruguay, Paraguay, Chile y Colombia; 3 - In September 30, 2016 Bradesco begins to consolidate HSBC Brazil in its publication; 4 - Includes Chile and Colombia (Itaú CorpBanca Chile with ~ US$37MMM in assets); 5 - Data as of March 31, 2018. Includes Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 6

• Includes Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 7 - Considering the consolidated loan portfolios of Itaú Unibanco and Itaú CorpBanca reported in their respective 2Q18 MD&As and a R$ 3.8617 / US$ and Ch$ 653.02 /

US$ foreign exchange rates as of 30.06.2018; 8 – As of June 30, 2018, Itaú Unibanco held a 36.06% equity stake in Itaú CorpBanca but as the controlling shareholder, fully consolidates Itaú CorpBanca’s Financial Statements. Source: Central Banks, local regulators, companies filings, Itaú CorpBanca

Itaú CorpBanca is currently the 4th largest private bank in Chile. The merger positions Itaú CorpBanca and Itaú LatAm as the 10th and 4th largest bank in terms of assets within South America (ex-Brazil)

Itaú CorpBanca | Increases Relevance Across Latin America

| 7 | 1- For Itaú CorpBanca and BCI consider shareholders equity net of goodwill and intangibles from business combination

Price-to-Book 1 Shareholders & Stock Market

US$ 5.4 Bn

Buy: 2 Hold: 7 Sell: 2 Sell-side rating: Market Cap:

( Ago. 7, 2018)

ITAÚ CORPBANCA

Total shares: 512,406,760,091 (100%) Itaú Unibanco 36.06% Saieh Family 1 30.65% IFC 3.32% Others 29.97%

July 31, 2018

Shareholders - % Total share capital

Securities Brokerage 10.62% ADRs holders and Foreign Investorss 7.97% Asset Managers 3.67% Santo Domingo Group 1.92% Insurance Companies 1.01% AFPs 0.86% Other minority shareholders 3.92% 1- Includes 182,125,023 shares owned by Cia. Inmobiliaria y de Inversiones Saga SpA that are under custody

Itaú CorpBanca | Shareholders Structure After Merger

| 8 | 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- Responsible for the technological integration process in Colombia

Board Chile Itaú CorpBanca CEO Milton Maluhy

CFO Gabriel Moura CRO Mauricio Baeza Treasury Pedro Silva Marketing & Products Rogério Braga Colombia Álvaro Pimentel Wholesale Christian Tauber Retail Julián Acuña Human Resources Marcela Jiménez Legal & Compliance Cristián Toro IT Luis Rodrigues

Itaú CorpBanca Colombia CEO Álvaro Pimentel

CFO María C. Vandame CRO Juan Ignacio Castro Treasury Derek Sassoon Communic. & Institut. Relat. Carolina Velasco Wholesale Jorge Villa Retail Hernando Osorio Human Resources María Lucía Ospina Legal & General Secretary Dolly Murcia Operations Liliana Suárez IT Lilian Barrios

Board Colombia Chairman Milton Maluhy Chairman Jorge Andrés Saieh Guzmán Board Chile 1 2 Board Colombia Chairman Milton Maluhy

Ricardo Villela Marino Eduardo Mazzilli de Vassimon Boris Buvinic Guerovich Andrés Bucher Cepeda Pedro Samhan Escandar Roberto Brigard Holguín Luis Fernando Martínez Lema Carmiña Ferro Iriarte Rafael Pardo Soto Juan Echeverría González Gabriel Moura Rogério Braga 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 themes Franchise, Products & Digital Luciana Hildebrandi

3

Fernando Concha Ureta Jorge Selume Zaror Fernando Aguad Dagach Gustavo Arriagada Morales Bernard Pasquier

Audit Comitee CAE Emerson Bastián Operations Jorge Novis

Itaú CorpBanca | Strong and integrated Corporate Governance

| 9 | Source: Superintendencia Financiera & Itaú CorpBanca Colombia, Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018 1- Includes cities and major municipalities 2- Depuration in the number of accounts due to the technologic migration process.

Itaú Colombia’s Footprint as of June 30, 2018

USD$ 10BN USD$ 7BN

3.484

Gross Loans Assets Employees # ATMs #

174 443 M

Clients# 2 Branches #

163

MS: 4,9% #Player: 7 by assets TIER I: 9,2% Total Capital Ratio: 13,7% NPLs 30-days: 4,0% Net Inc. FY17: USD -41,4 MM Net Inc. 2Q18: USD -6,1 MM

Bank #7 in Colombia, with presence in 30 locations in Colombia 1 and one in Panama

Itaú CorpBanca | Highlights

| 10 | Source: Itaú CorpBanca Colombia

Sustainable performance in the long term 2016 2017 2018

• Change of strategy for

the IT integration

• Liquidity and Market

risks alignment

• Gradual reduction in the

market-risk limits

• Implementation of
• perational-risk

standards

• Beginning of Wholesale

Loan Portfolio revision

• Completion of IT

migration

• Digital strategy
• Reorientation of Retail

Banking

• Customer Service

Quality

• Culture phase II
• Reorientation of financial

results

• Incorporation of Corporación Financiera Itaú

BBA (people and assets)

• Introduction of the Itaú Brand
• Beginning of technological migration
• Wholesale-Credit project
• Restructuring of the Retail-Credit area
• Beginning of Retail Loan Portfolio revision
• Creation of Franchise, Products & Digital
• Evaluation of products and businesses
• Creation of the Commission of Capital
• Culture phase I

Itaú Colombia | Accomplishments

The Bank continues with its plan of implementation of Itaú’s model in Colombia. Successfully completes the milestones set for 2017.

| 11 | Source: Itaú CorpBanca Colombia,

01 Individuals

 100% of clients migrated  Service and software stable at branches  Contact Center’s key indicators with positive balance  Total of 282.427 clients migrated

02 Companies

 100% of clients migrated  Software and customer service stable  Confirming successfully implemented  Total of 24.658 clients migrated

Itaú Colombia | IT integration: migration stages

Since January 22 ,100% of the branches are branded Itaú, getting ahead of the set schedule

| 12 | Source: Macroeconomic Studies Itaú CorpBanca Colombia & Superintendencia Financiera 1- 12-month growth

Colombia | Macroeconomic outlook

Itaú Colombia continues to move forward successfully in it’s integration process despite a low-growth scenario for the country and a downgrade of the sovereign rating by S&P

4.75 5.75 6.50 7.50 7.75 7.50 7.00 5.75 5.25 4.75 4.50 4.25

Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18

5.0 5.4 4.3 5.2 4.8 5.4 4.7 3.8 3.2 3.4 6.1 2.7 3.3 3.4 2.5 2.5 1.2 1.7 1.3 1.2 2.0 1.8 2.2 2.8

Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18

Financial Total 13.21 12.1 9.1 12.2 11.1 11.0 10.3 6.1 6.0 5.0 18.76 11.5 18.2 22.9 37.3 52.5 50.0 45.5 31.7 23.5

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

Gross Due 8.0 8.6 7.3 5.8 4.7 4.0 4.0 4.1 3.1 3.2

Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Target 2% - 4%

Central Bank Rate (%) GDP growth1 (%) Inflation (y/y) (%) Nominal growth of the Banking System’s Loans1 (%)

| 13 | Source: Superintendencia Financiera & Itaú CorpBanca Colombia 1- NIM Loans Interest – Deposits Interest expenses / Gross Loans. Includes the cost of bonds, rediscounted loans and foreign currency loans. Annualized monthly NIM

Itaú Colombia | Net Interest Margin

The Bank’s NIM maintains it’s recovery trend

NIM1 (%) Loans and Deposits Implicit Rates (%)

2016 average NIM 4,0 2017 average NIM 4,6 2018 average NIM 5,1 10,6 5,7 6,2 4,3 3,4 3.39 3.40 4.07 4.20 4.09 4.16 4.41 4.72 4.01 4.40 4.51 4.57 4.81 4.78 4.43 5.02 4.95 5.03 4.70 4.96 5.02 5.20 5.70 5.27 7.50 7.75 7.75 7.75 7.75 7.50 7.50 7.25 7.00 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

0716 0816 0916 1016 1116 1216 0117 0217 0317 0417 0517 0617 0717 0817 0917 1017 1117 1217 0118 0218 0318 0418 0518 0618 NIM CenBank Rate 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13%

0716 0816 0916 1016 1116 1216 0117 0217 0317 0417 0517 0617 0717 0817 0917 1017 1117 1217 0118 0218 0318 0418 0518 0618

Loans Bonds TDs CenBank Savings

| 14 | Source: Superintendencia Financiera & Itaú CorpBanca Colombia. Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018

Itaú Colombia | Funding evolution

The Bank maintains it’s structural funding and increases the average duration of the TDs

Funding Mix (%) TDs by duration (%, USD Billion)

Less than 6 months From 6 months and less than 12 months From 12 months and less than 18 months 18 months

• r more

8 8 8 8 7 8 8 8 7 36 30 28 27 31 31 29 29 27 49 53 51 53 50 50 51 53 53 8 10 12 12 12 11 11 10 13

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Bonds TDs Savings Checking

$10.8 $10.1 $153.5

11% 17% 19% 53%

Jun-17

13% 20% 18% 49%

Jun-18

16% 19% 16% 49%

Banks Jun-18

| 16 | Source: Itaú CorpBanca Colombia. Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018 1- Funding: Savings and Checking accounts, Term Deposit and Bonds

Itaú Colombia | Liquidity Management under Basel III standards

Continues with a strong liquidity management maintaining an LCR (Liquid Coverage Ratio) above 100%

Liquid Coverage Ratio - IRL 30 days (%)

200% 250% 300% 350% 400% 450%

307%

7.1 7.1 6.9 7.0 7.0 6.9 6.7 6.6 6.7 7.8 7.4 7.4 7.2 7.4 7.0 6.7 6.5 6.5 90.5% 95.4% 93.9% 96.3% 95.2% 97.7% 100.3% 101.4% 102.2% Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Net Loans Deposits Ratio

Ratio between Loan Portfolio and Funding1 (%, USD Bn)

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Loans by Type1 (USD Bn, %)

Source: Itaú CorpBanca Colombia. Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018 1- Gross Loans

Loans by Segment1

35%

Corporate

34%

Individuals

10%

Medium Enterprises

7%

Small Enterprises

7%

Construction

4%

Institutional

3%

Private

67% 66% 67% 56% 23% 23% 21% 28% 10% 11% 13% 13% 3% Jun-16 Jun-17 Jun-18 System Commercial Consumer Mortgage Microloans $ 7,4 $ 7,4 $ 7,1 $ 143,2

35% 34% 10% 7% 7% 4% 3%

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 of Banks in the medium term.

| 18 | Source: Superintendencia Financiera & Itaú CorpBanca Colombia, 1- Loan Loss Provisions / Past Due loans above 30 days

Itaú Total Banks

Itaú Colombia | Credit-Risk Ratios

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

2.5 3.3 2.9 3.0 3.5 3.7 3.8 4.8 4.0 3.0 3.2 3.1 3.9 4.2 4.4 4.3 4.8 4.9 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 171.5 142.8 179.6 164.5 150.5 146.8 166.0 137.1 152.6 150.7 145.1 155.5 128.2 125.2 124.9 134.0 123.9 125.0 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18

NPLs 30 days (%) Coverage 1 (%)

7.1 9.0 9.8 9.9 9.9 10.0 11.5 11.2 11.8 7.1 7.2 7.8 8.9 9.4 9.6 9.9 10.2 10.4 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 60.8 52.8 53.3 50.3 54.1 55.0 55.0 58.5 51.7 64.0 64.9 61.6 55.7 55.3 56.9 57.7 58.1 59.0 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18

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

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Risk indicator = Allowance for Loan Losses / Gross Loans (%)

Source: Superintendencia Financiera & Itaú CorpBanca Colombia, 1- Quarterly Expense.

LLP expense / Gross Loans 1 (%)

Itaú Banks 4.3 4.7 5.2 5.0 5.3 5.5 6.3 6.5 6.1 4.6 4.7 4.8 5.0 5.2 5.5 5.7 6.0 6.1

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

Itaú Colombia | Loan Provisions

On the second half of 2016 the Bank evaluated it’s Wholesale Loan Portfolio, and on second half of 2017 the Retail Loan Portfolio

0.5 0.7 1.4 0.4 0.7 0.6 0.9 0.6 0.5 0.5 0.5 0.7 0.5 0.7 0.7 0.7 0.7 0.7

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

| 20 | Source: Superintendencia & Itaú CorpBanca Colombia. Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018 Grouping according to the Indicadores Gerenciales Criteria published by Superintendencia Financiera.

367.2 162.5 25.8 16.2 94.5 76.7 62.3

• 6.1

Net Income Jun-18 (USD millions)

12-month variation Personnel expenses Other expense Taxes Net Income Net LLPs Derivatives and portfolio income Net comissions and fees Interest expense Interest income from loans and leases Administrative expense

19.3

• 26%
• 20%
• 30%
• 15%
• 2%
• 11%

0% +15% +73%

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.

| 21 | Source: Superintendencia & Itaú CorpBanca Colombia. Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018 1- 12 months net Income over 12 months average of equity and assets

20.2 10.4

• 31.2
• 50.9
• 10.9
• 11.4
• 10.0
• 9.2
• 5.8
• 0.3

1Q16 2Q16

Quarterly Income (USD millions) ROE & ROA1 (%)

1Q17 2Q17 3Q17 4Q17 3Q16 4Q16 1Q18 Loss 2016: - $51 Loss 2017: - $41 +20% 2Q18

5.9 2.7

• 4.0
• 6.5
• 8.4
• 6.8
• 3.4
• 3.0
• 2.1

10.8 0.7 0.3

• 0.5
• 0.8
• 1.0
• 0.8
• 0.4
• 0.3
• 0.2

1.4

Jun-16 Sep-16 ROE ROA Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Banks Jun-18 Mar-18 Jun-18

Itaú Colombia | Profit

In 2017 (a year of lower profitability for the Financial System) Itaú showed a trend of recovery ending with a ROE of -3,4%. The trend continues for 2Q18.

| 22 | Source: Superintendencia & Itaú CorpBanca Colombia. Exchange rate of COP 2930,80 per 1 USD as of June 30, 2018 1- Source: Annual reports of each bank.

Itaú Colombia | Capital Ratios

The Regulatory Capital Ratio remains stable after the results from the years 2016 and 2017

Non-consolidated capital ratio Jun-18 (USD MM, %) Non-Consolidated Capital Ratio Evolution (%) Consolidated regulatory capital ratio Jun-181 (%)

Tier 1 Consolidated Tier1+Tier2 Consolidated Non- Consolidated

1,023 247 776 358 23 1,157

Tier 1 w/o deductions Good will Tier 1 Subordinated Debt Other Regulatory Capital

9,2% 13,7% 10.0 9.1 10.5 8.5 8.8 16.0 20.9 13.4 15.8 13.7 Bancolombia Bogotá Occidente Davivienda Itaú 13.5 13.0 12.7 13.3 13.0 9.3 9.7 9.7 9.5 9.3 9.4 9.3 9.4 9.2 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18

Tier I Tier II

13,7 12,8 12,8 13,1 12,8 12,7 12,7 12,7 13,8

| 23 | Source: Itaú CorpBanca Colombia, Rating Agencies

Itaú Colombia | Risk Ratings

The Regulatory Capital Ratio remains stable after the results from the years 2016 and 2017 Fitch BRC S&P Moody’s Colombia Sovereign BBB / Stable

Oct-17

BBB- / Stable

Jan-18

Baa2 / Negative

Feb-18

Issuer Default Rating – IDR (International) BBB- / Stable

Apr-18

National, Long-Term AA+ / Stable

Apr-18

AAA / Stable

Feb-18

National, Short-Term F1+

Apr-18

BRC 1+

Feb-18

| 24 | Source: Itaú CorpBanca Colombia

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. Levels of Capital remain stable in spite of the losses reported. The implementation of the Itaú model continues as planned. The brand change and technological migration processes were completed successfully and in advance. Diversification, reduction in concentration, and increase in the duration of the Bank’s funding. Strength in Credit-Risk evaluation Results show a trend of recovery, building sustainable profitability in the long term.

Itaú Colombia | Key Takeaways

www.itau.co/grupo/relacion-con-inversionistas

Itaú Colombia

Institutional Presentation 2Q18