Ita Colombia Institutional Presentation 1Q18 March 2018 Ita - - PowerPoint PPT Presentation

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Ita Colombia Institutional Presentation 1Q18 March 2018 Ita - - PowerPoint PPT Presentation

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Ita Colombia Institutional Presentation 1Q18 March 2018 Ita Colombia | Who we are? We maintain the groups structure with Ita CorpBanca in Chile as our parent company and Ita in Brazil as controlling shareholder. 1 36.06% Ita

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March 2018

Itaú Colombia

Institutional Presentation 1Q18

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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.

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%

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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$100.4 billion market cap1
  • 99,618 employees in Brazil and abroad
  • 4,976 branches and CSBs in Brazil and abroad
  • 47,086 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| Mar. 31, 2018

Financial Highlights and Ratios

As of and for the quarter ended March 2018

Exchange rate of BRL 3,3032 / USD as of March 30, 2018

  • 1. As of March 31, 2018. Source: Economatica.
  • 2. Controladoria-Geral da União (CGU)

Itaú Unibanco | At a glance

Total Assets (*) Total Loans (1) Stockholders’ Equity Recurring Net Income 2017 (2) (*) Recurring Net Income 1Q18(3) (*) Long Term Foreign Currency Recurring ROE 2017(4) (*) Recurring ROE 1Q18(5) (*) Efficiency Ratio 2017(6) Efficiency Ratio 1Q18(6) USD 461.4 Bn USD 182.0 Bn USD 35.9 Bn USD 7.5 Bn USD 1.9 Bn Moody’s: Ba3 Fitch BB+ S&P BB- 21.8% 21.9% 46.4% 45.9% 14.5%

Highlights Financ ial Ratios

(Itaú Unibanco Holding) Common Equity Tier I Liquidity Coverage Ratio 173%

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Employees: 1,700 Branches + CSBs: 87 ATMs: 178 Argentina Employees: 5,984 Branches + CSBs: 202 ATMs: 470 Chile Employees: 85.843 Branches + CSBs: 4.451 ATMs: 45,891 Brazil Colombia¹ Employees: 3,567 Branches + CSB: 169 ATMs: 174 Employees: 1,119 Branches +CSBs: 27 Points of Service OCA: 35 ATMs: 61 Uruguay

Itaú Unibanco | Retail Footprint in Latin America

CIB Minorista

Mexico | CIB Employees: 9

(1) Considers employees and branches from Panama

Employees: 833 Branches + CSBs: 40 ATMs: 312 Non-bank Correspondents: 57 Paraguay Peru Representative Office Panama

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Organizational Structure | Strong and integrated Corporate Governance

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

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Itaú CorpBanca Colombia | Highlights

Source: Superintendencia Financiera & Itaú CorpBanca Colombia, Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018

  • 1. Depuration in the number of accounts due to the technologic migration process. 2. Includes cities and major municipalities
  • 3. Information as of Feb-18. 4. NPLs 30-days. 5. Bank and subsidiaries. includes Panamá

Bank #6 in Colombia, with presence in 30 locations in Colombia 2 and one in Panama Itaú Colombia’s Footprint as of March 31, 2018

USD$ 11BN USD$ 7BN

3.509

Gross Loans Assets Employees # 4 ATMs #

174 495 M

Clients# 1 Branches #

169

MS: 4,9% 3 #Player: 6 by assets TIER I: 9,4% Total Capital Ratio: 13,8% NPLs 30-days: 4,8% 4 Net Inc. FY17: USD -43,6 MM Net Inc. 1Q18: USD -6,1 MM

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Itaú CorpBanca Colombia | Accomplishments

Source: Itaú CorpBanca Colombia

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

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
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IT integration | Migration stages

Source: Itaú CorpBanca Colombia,

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

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

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13,2 12,1 9,1 12,2 11,1 11,0 10,3 6,1 5,9

18,8 11,5 18,2 22,9 37,3 52,5 50,0 45,5 36,1

Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18

Gross Past-due 6,8 8,0 8,6 7,3 5,8 4,7 4,0 4,0 4,1 3,1

Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

5,75 6,50 7,50 7,75 7,50 7,00 5,75 5,25 4,75 4,50

Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

5,5 4,3 5,0 5,4 4,3 5,2 4,8 5,4 4,7 3,8 3,2 3,4 2,6 3,0 3,3 3,4 2,5 2,5 1,2 1,7 1,3 1,2 2,0 1,8

1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

Financial Total

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

Macroeconomic outlook | Key indicators

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

Target 2% - 4%

Central Bank Rate (%) Inflation (y/y) (%) GDP Growth (%) 1 Nominal growth of the Banking System’s Loans (%)

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4,24 4,69 3,96 4,17 4,04 3,66 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 6,00 6,25 6,50 7,00 7,25 7,50 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

Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

NIM CenBank Rate

Net Interest Margin | Positive evolution

The Bank’s NIM maintains it’s recovery trend

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

NIM (%) 1 Loans and Deposits Implicit Rates (%)

2015 Average NIM 5,2 2016 Average NIM 4,0 2017 Average NIM 4,6 1Q18 Average NIM 4,9

3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13%

Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

Loans Bonds TDs CenBank Savings

10,7 6,6 6,7 4,5 3,4

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Funding Mix (%)

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

Source: Superintendencia Financiera & Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018

Funding evolution | Focus on structure

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

  • r more

TDs by duration (%, USD Bn)

9 8 8 8 8 7 8 8 8 43 36 30 28 27 31 31 29 29 40 49 53 51 53 50 50 51 53 8 8 10 12 12 12 11 11 10

Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Bonds TDs Savings Checking 11% 15% 25% 50% 14% 16% 17% 53% 17% 17% 15% 51%

$4.0 $3.6 $54.1

Itaú Mar-17 Itaú Mar-18 System Feb-18

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14% 68% 2% 9% 7% 16% 65% 3% 7% 9%

Source: Superintendencia & Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018

Composition of Liabilities | Diversification in international markets

Liabililities Mix (%, USD Bn)

$9,9 Mar-17

Deposits Other Bonds Foreign Entities Rediscount

$9,5 Mar-18

Deposits Other Bonds Foreign Entities Rediscount

Syndicated Credit USD 240 million Subordinate Credit USD 105 million

Increase in the proportion of Liabilities with Foreign Entities, following an internationalization strategy

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Liquidity | Management under Basel III standards

Source: Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018 1: Funding: Savings and Checking accounts, Term Deposit and Bonds

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

Liquid Coverage Ratio - IRL 30 days (%) Ratio between Loan Portfolio and Funding1 (%, USD Bn)

200% 250% 300% 350% 400% 450% 500% 24/3/17 31/3/17 7/4/17 14/4/17 21/4/17 28/4/17 5/5/17 12/5/17 19/5/17 26/5/17 2/6/17 9/6/17 16/6/17 23/6/17 30/6/17 7/7/17 14/7/17 21/7/17 28/7/17 4/8/17 11/8/17 18/8/17 25/8/17 1/9/17 8/9/17 15/9/17 22/9/17 29/9/17 6/10/17 13/10/17 20/10/17 27/10/17 3/11/17 10/11/17 17/11/17 24/11/17 1/12/17 8/12/17 15/12/17 22/12/17 29/12/17 5/1/18 12/1/18 19/1/18 26/1/18 2/2/18 9/2/18 16/2/18 23/2/18 2/3/18 9/3/18 16/3/18 23/3/18

347%

7,4 7,5 7,5 7,3 7,3 7,4 7,3 7,0 6,9 8,0 8,2 7,8 7,8 7,6 7,8 7,4 7,0 6,8 92,5% 90,5% 95,4% 93,9% 96,3% 95,2% 97,7% 100,3% 101,4% Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Net Loans Deposits Ratio

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Loans by Type1 (USD Bn, %)

Loan Portfolio | Evolution and mix

Source: Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018

  • 1. Gross Loans
  • 2. Information as of Feb-18

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.

Loans by Segment1

36%

Corporate

35%

Individuals

11%

Medium Enterprises

7%

Small Enterprises

6%

Construction

2%

Institutional

3%

Private

67% 66% 66% 56% 23% 23% 22% 28% 10% 11% 12% 13% 3%

Mar-16 Mar-17 Mar-18 System

Commercial Consumer Mortgage Microloans

2

$ 7,7 $ 7,7 $ 7,4 $ 150,9

36% 35% 11% 7% 6% 2% 3%

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NPLs 30 days (%) Coverage 1 (%)

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

  • 2. Information of the sector as of Feb-18

Credit-Risk Ratios | Evolution

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

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

2,5 2,5 3,3 2,9 3,0 3,5 3,7 3,8 4,8 3,1 3,0 3,2 3,1 3,9 4,2 4,4 4,3 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 169,2 171,5 142,8 179,6 164,5 150,5 146,8 166,0 137,1 143,7 150,7 145,1 155,5 128,2 125,2 124,9 134,0 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 6,6 7,1 9,0 9,8 9,9 9,9 10,0 11,5 11,2 6,8 7,1 7,2 7,8 8,9 9,4 9,6 9,9 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 65,5 60,8 52,8 53,3 50,3 54,1 55,0 55,0 58,5 66,5 64,0 64,9 61,6 55,7 55,3 56,9 57,7 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18

2 2 2 2

4,8 10,1 123,9 58,3 Itaú Total Banks

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

Source: Superintendencia Financiera & Itaú CorpBanca Colombia,

  • 1. Quarterly Expense.
  • 2. Information of the system assuming the expense of Mar-18 will be the average between Jan-18 and Feb-18
  • 3. Information of the sector as of Feb-18

Loan Provisions

LLP expense / Gross Loans 1 (%)

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

0,7 0,6 1,0 1,8 0,7 0,8 0,7 1,0 0,7 0,5 0,6 0,6 0,8 0,6 0,8 0,8 0,8 0,8

mar-16 jun-16 sep-16 dic-16 mar-17 jun-17 sep-17 dic-17 mar-18

4,3 4,3 4,7 5,2 5,0 5,3 5,5 6,3 6,5 4,5 4,6 4,7 4,8 5,0 5,2 5,5 5,7

mar-16 jun-16 sep-16 dic-16 mar-17 jun-17 sep-17 dic-17 mar-18

Itaú Total Banks

2 3

5,9

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Other P&L concepts | Commissions and Investments

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 & Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018 Grouping according to the Indicadores Gerenciales Criteria published by Superintendencia Financiera.

191,7 88,3 11,5 7,8 49,6 40,2 32,6

  • 6,1

Net Income Mar-18 (USD millions)

12-month variation

  • 25%
  • 13%
  • 23%
  • 6%

+3%

  • 12%

+3% 19% +47%

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

6.5

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Profit | Trend of recovery

In 2017 (a year of lower profitability for the Financial System) Itaú showed a trend of recovery ending with a ROE of -3,4%. For 1Q18 the trend continues.

Source: Superintendencia & Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018 1: 12 months net Income over 12 months average of equity and assets

21,3 11,0

  • 32,9
  • 53,7
  • 11,5
  • 12,0
  • 10,5
  • 9,7
  • 6,1

1T16 2T16

Quarterly Income (USD Million)

7,84 5,94 2,73

  • 4,03
  • 6,55
  • 8,43
  • 6,84
  • 3,45
  • 3,05

10,14 0,93 0,7 0,32

  • 0,47
  • 0,77
  • 0,99
  • 0,79
  • 0,40
  • 0,35

1,31

Mar-16 Jun-16 Sep-16 ROE ROA

ROE & ROA1 (%)

Total Banks Feb-18 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 1T17 2T17 3T17 4T17 3T16 4T16 1T18

Loss 2016: - $54 Loss 2017: - $44

+20%

Mar-18

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Tier 1 Consolidated Tier1+Tier2 Consolidated Non- Consolidated

Capital Ratios | Stable Regulatory Capital Ratio

Consolidated regulatory capital ratio Dec-171 (%) Non-consolidated regulatory capital ratio Mar-18 (USD MM, %)

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

Source: Superintendencia & Itaú CorpBanca Colombia. Exchange rate of COP 2780,47 per 1 USD as of March 31, 2018 1: Source: Annual reports of each bank.

1.027 247 781 271 14 1.065

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

8,9% 9,3% 9,7% 9,7% 9,5% 9,3% 9,4% 9,3% 9,4% Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Tier I Tier I + Tier II

Non-Consolidated Regulatory Capital Evolution Mar-18 (%)

13,8% 12,1% 12,8% 12,8% 13,1% 12,8% 12,7% 12,7% 12,7% 10,2% 8,8% 10,5% 7,5% 9,1% 16,6% 21,3% 14,0% 15,6% 12,7%

Bancolombia Bogotá Occidente Davivienda Itaú

14,2% 13,3% 12,3% 13,5% 13,4% 9,4% 13,8%

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Itaú Colombia | Risk Ratings

Source: Itaú CorpBanca Colombia, Rating Agencies

Itaú CorpBanca Colombia has an Investment Grade rating of BBB-, and two local ratings in Colombia:

  • ne AAA and one AA+

Moody´s FITCH S&P BBB- / Negative

Apr./2018

BBB- / Stable

Jan./2018

BBB / Stable

Oct./2017

Baa2 / Negative

Feb./2018

Colombia Sovereign Itaú CorpBanca Colombia

IDR (Issuer Default Rating)

Itaú CorpBanca Colombia

National, Long-Term

AA+ / Stable

Apr./2018

AAA / Stable

Feb./2018

Itaú CorpBanca Colombia

National, Short-Term

F1+

Apr./2018

BRC 1+

Feb./2018

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Itaú Colombia | Key takeaways

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.

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

Itaú Colombia

Institutional Presentation 1Q18