Banco Itau Chile · BCS:ITAUCL
Banco Itau Chile — Itaú CorpBanca — Investor Presentation (September 2017)
62 slides from Banco Itau Chile's investor presentation, September 2017
Slide 1: Itaú CorpBanca Institutional Investors Presentation
Itaú CorpBanca Institutional Investors Presentation Itaú CorpBanca SEPTEMBER 2017
Slide 2: Disclaimers
Disclaimers Certain statements in this Presentation 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", "will", "shou
Slide 3: Agenda
Agenda I. Investment Case II. Financials III. Integration Milestones IV. Appendix As of June 30, 2017 DGA | Itaú CorpBanca | Informação de Uso Interno
Slide 4: Investment Case
Itaú CorpBanca | Investment Case Solid Macroeconomic Fundamentals and Expanding Banking Sector 1 Chile is one of the most developed economies in Latin America, sustained by solid macroeconomic fundamentals Solid Chile has one of the best sovereign ratings and among the lowest CDS spreads in Lati
Slide 5: Global Macroeconomic Backdrop
1 Global Macroeconomic Backdrop GDP Growth (%) Interest Rates (EOP) - % 6.6 5.8 5.8 5.5 7.5 4.9 4.4 5.8 4.0 4.0 4.0 5.3 5.3 5.0 4.8 4.5 4.5 4.5 3.1 4.3 2.3 2.5 2.5 3.3 3.0 3.3 3.5 3.5 2.0 3.0 2.5 1.9 1.6 1.6 2.0 1.6 2010 2011 2012 2013 2014 2015 2016 2017(e) 2018(e) 2010 2011 2012 2013 2014 2015 201
Slide 6: LatAm Banking Sector
1 LatAm | Banking Sector Penetration, Size, Concentration, Capitalization, and Government Share As of September 30, 2015, unless otherwise stated Brazil Chile Colombia Mexico Peru Population (2014) in million 203 18 48 120 31 Banking sector − Penetration, loans to GDP (2014) 54.7% 85.5% 42.2% 19.5%
Slide 7: LatAm Banking Sector
1 LatAm | Banking Sector Penetration, Size, Concentration, Capitalization, and Government Share . As of September 30, 2015, unless otherwise stated Brazil Chile Colombia Mexico Peru Population (2014) in million 203 18 48 120 31 Banking sector − Penetration, loans to GDP (2014) 54.7% 85.5% 42.2% 19.5
Slide 8: Investment Case
Itaú CorpBanca | Investment Case Solid Macroeconomic Fundamentals and Expanding Banking Sector 1 Chile is one of the most developed economies in Latin America, sustained by solid macroeconomic fundamentals Solid Chile has one of the best sovereign ratings and among the lowest CDS spreads in Lati
Slide 9: Itaú Unibanco | At a Glance
2 Itaú Unibanco | At a Glance Leading position in Brazil through key competitive strengths Financial Highlights and Ratios • US$ 72.3 billion market cap 1 As of and for the quarter ended June 2017 • 95,065 employees in Brazil and abroad Highlights • 4,955 branches and CSBs in Brazil and abroad Total
Slide 10: Itaú Unibanco | Universal Bank
2 Itaú Unibanco | Universal Bank¹ • Approximately 28.7 million credit card accounts • 4,396 branches and client service and 25.7 million debit card accounts; branches and 45,353 ATMs in Brazil; • Leader in Brazilian credit card market, extensive • Premier banking brand in Brazil; number of joint ven
Slide 11: Itaú Unibanco | Joint Ventures and Partnerships with Retailers
2 Itaú Unibanco | Joint Ventures and Partnerships with Retailers Highlights Highlights JVs and Partnerships • Brazilian market leader in credit card transactions • Focus on credit card instruments • Qualification of the client base: proprietary channel x • Long term agreements partnerships • Alignme
Slide 12: Itaú Unibanco | Core Capital Ratio (Common Equity Tier I)
2 Itaú Unibanco | Core Capital Ratio (Common Equity Tier I) Changes in the Core Capital Ratio 0.8% -0.2% -0.1% -0.2% 0.1% -0.1% 15.7% 15.4% Common Equity 2Q17 Net Income Dividends and Other changes in Tax Credits Credit Risk-weighted Market Risk-weighted Common Equity Tier I Mar-17 interest on capit
Slide 13: Itaú Unibanco | Efficiency Ratio and Risk-Adjusted Efficiency Ratio
2 Itaú Unibanco | Efficiency Ratio and Risk-Adjusted Efficiency Ratio | 13 |
Slide 14: Itaú Unibanco | Information Technology
2 Itaú Unibanco | Information Technology Total Number of Transactions Share of Transactions per Channel 1 Standard channels: Branches, ATM, Telephone. 2 Electronic Remote Channels: Mobile and Internet. | 14 |
Slide 15: Investment Case
Itaú CorpBanca | Investment Case Solid Macroeconomic Fundamentals and Expanding Banking Sector 1 Chile is one of the most developed economies in Latin America, sustained by solid macroeconomic fundamentals Solid Chile has one of the best sovereign ratings and among the lowest CDS spreads in Lati
Slide 16: Our Vision
3 Itaú CorpBanca | Our Vision Vision: To be the leading bank in sustainable performance and customer satisfaction • Implement a customer satisfaction-oriented culture, that is business-driven, through a simplified operational structure • Maximize shareholder returns, aiming at firm-wide growth • We
Slide 17: Our Way
3 Itaú CorpBanca | Our Way We seek to create a culture based on seven attitudes that define our identity and identify us in the way we do business Each one of them represents the core of what we focus on as institution 1. It´s only good for us if it’s good for the client We are people providing serv
Slide 18: Highlights
3 Itaú CorpBanca | Highlights We are the 4th largest private bank in Chile and the 5th 1 banking group in Colombia Regional footprint & main indicators Itaú CorpBanca 2 3 June 30, 2017 3 Itaú (Panamá) Itaú CorpBanca Colombia US$ 4.7 BN Market Cap 4 Assets: US$ 0.6 BN Assets: US$ 9.8 BN Headcount: 48
Slide 19: Increases relevance across Latin America
3 Itaú CorpBanca | Increases relevance across Latin America Itaú CorpBanca is currently the 4th largest private bank in Chile. The merger positions Itaú CorpBanca and Itaú LatAm as the 3rd largest bank in terms of assets within South America (ex-Brazil) Banks by Assets in Latin America1 Banks by Ass
Slide 20: Shareholders Structure after Merger
3 Itaú CorpBanca | Shareholders Structure after Merger Shareholders - % Total share capital 4th largest Market Cap among Peers September 15, 2017 September 22, 2017 ITAÚ CORPBANCA Total shares: 512,406,760,091(100%) #4 14.98 14.44 Itaú Saieh IFC Others Unibanco Family1 36.06% 30.65% 3.32% 29.97% US$
Slide 21: Strong and integrated Corporate Governance
3 Itaú CorpBanca | Strong and integrated Corporate Governance Board Chile Audit Committee Itaú Corpbanca CEO CAE Emerson Bastián Milton Maluhy CFO CRO Treasury Marketing & Colombia Wholesale Retail Human Legal IT & Products Resources Operations Gabriel Mauricio Pedro Rogério Álvaro Christian Julián
Slide 22: Competitive environment
3 Itaú CorpBanca | Competitive environment Market Share Chile1 Market Share Colombia2 18.7% 26.1% Peer-B Peer-A 16.9% 27.4% 17.8% Peer-A 25.5% 16.5% Peer-B 22.8% 15.2% Estado 21.7% 14.7% Peer-C 13.4% 13.3% Peer-C 12.7% 10.1% Peer-D 11.8% 11.2% Itaú CorpBanca 8.6% 5.3% Itaú CorpBanca 6.7% Colombia 5.
Slide 23: Investment Case
Itaú CorpBanca | Investment Case Solid Macroeconomic Fundamentals and Expanding Banking Sector 1 Chile is one of the most developed economies in Latin America, sustained by solid macroeconomic fundamentals Solid Chile has one of the best sovereign ratings and among the lowest CDS spreads in Lati
Slide 24: Business Mix
4 Itaú CorpBanca | Business Mix LTM Jun 2017, Ch$ BN Loans breakdown by segment¹ Interest Rates 25,244 26,804 22,074 16,115 Average Itaú 100% =2 Top 3 CorpBanca 8.3% Consumer 15.5% 12.0% 16.5% 14.5 14.2 Current 6.7 20.9% 22.7% Mortgage 27.5% 6.0 6.3 Top 3 rates 32.2% w/ current mix 6.7 Current rates
Slide 25: Current scale allows for better segmentation
4 Itaú CorpBanca | Current scale allows for better segmentation Before After Companies By annual sales (USD MM) Over Over Wholesale Large $100 Large $100 Wholesale Banking Banking From $60 From $8 Corporate to $100 Corporate to $100 From $3 From $1 Middle to $60 Middle to $8 Retail From $0,1 From $0
Slide 26: Business Mix: An opportunity for a Digital Strategy
4 Itaú CorpBanca | Business Mix: An opportunity for a Digital Strategy Top players have a large branch network, with significant expenses related The merger doubles the footprint of the new bank Itaú CorpBanca departs from the previous peer group Market Share1 by Total Loans Market Share1 by Consume
Slide 27: Digital channels and digital banking model
4 Itaú CorpBanca | Digital channels and digital banking model Use of Digital Channels Digital Banking % of Individuals Clients Share of sales on digital channels / total retail sales 76% 68% Clients that use Clients that make Internet Banking web Transactions (min 1 access / month) # sales 52% 50% 5
Slide 28: Funding Mix
4 Itaú CorpBanca | Funding Mix LTM Jun 2017, Ch$ BN Total Funding Breakdown Interest Rates 28,615 33,155 28,363 19,401 100% = Average Itaú 12.0% Top 3 CorpBanca Checking accounts 21.9% Current 3.1 28.2% 29.1% 0.2 0.2 and deposits Top 3 rates w/ current mix 2.9 43.1% 38.5% 3.2 3.7 Current rate 2.6 36
Slide 29: Debt Spread Evolution
4 Itaú CorpBanca | Debt Spread Evolution Itaú CorpBanca has presented a noticeable convergence to peers Spread vs.Peers1: 30-day (annualized) Spread vs.Peers1: 5-year (annualized) Chile Santander BCI Itaú CorpBanca Chile Santander BCI CorpBanca Itaú 4.5 2.75 2.50 4 2.25 3.5 2.00 1.75 3 1.50 2.5 1.25
Slide 30: Rating upgrades in 2016 contribute to further reduction in cost of funds
4 Rating upgrades in 2016 contribute to further reduction in cost of funds Current International Ratings Moody's S&P Timeline S&P Rating Scale Rating Scale Financial A+ A+ A+ A+ Capacity LT ST LT ST Extremely Aaa AAA strong A A Aa1 AA+ A A A A-1+ Very Aa2 AA strong P-1 A- A- A- Aa3 AA- A1 A+ A-1 BBB
Slide 31: Agenda
Agenda I. Investment Case II. Financials III. Integration Milestones IV. Appendix As of June 30, 2017 DGA | Itaú CorpBanca | Informação de Uso Interno
Slide 32: Financials | Pro forma Information
Financials | Pro forma Information Itaú CorpBanca is the entity resulting from the merger of Banco Itaú Chile “Itaú Chile” with and into CorpBanca, which was consummated on April 1, 2016 (“the Merger”). After the Merger, the surviving entity’s name changed to “Itaú CorpBanca” (“the Bank”). The legal
Slide 33: Managerial Recurring Net Income (Reconciliation)
Financials | Managerial Recurring Net Income (Reconciliation) in million of Chilean Pesos 2Q'17 1Q'17 2Q'16 1H'17 1H'16 Net Income Attributable to Shareholders (Accounting) 64,607 24,414 28,544 89,021 34,682 (+) Pro Forma consolidation effects - - - - -25,939 Pro Forma Net Income Attributable to Sha
Slide 34: Financials | 2Q17 Highlights
Financials | 2Q17 Highlights Managerial Recurring Net Income 2Q17 / 1Q17 2Q17 / 1Q17 Consolidated Ch$49.5 + 88.0% (2Q17/1Q17) billion Net Interest Income: + 4.9% + 1.7% - 8.6% (2Q17/2Q16) Chile Ch$48.2 + 40.9% (2Q17/1Q17) billion - 8.8% (2Q17/2Q16) Net Fee and Commission Income: - 10.8% - 13.9% Mana
Slide 35: Average Tangible Equity Breakdown
Financials | Average Tangible Equity Breakdown 2Q’17 Average Balance (Ch$ MMM) | 35 |
Slide 36: Recurring RoTE / Recurring RoTA
Financials | Recurring RoTE / Recurring RoTA1 RoTE / RoTA - Consolidated 11.8% 10.8% 6.7% 5.9% 0.8% 0.7% 0.7% 0.0% 0.4% 0.4% -0.7% -10.8% 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 RoTE / RoTA - Chile 15.8% 12.5% 13.4% 9.9% 1.0% 0.8% 0.7% 0.9% 2.7% 10.7% 6.0% 5.3% 0.7% 0.8% 0.4% 0.4% 0.1% 0.0% -0.5% -0.7%
Slide 37: Financials | Income Statement
Financials | Income Statement Change Change Change in million of Chilean Pesos 2Q'17 1Q'17 % $ 2Q'16 % $ 2017 2016 % $ Net interest income 134,559 132,375 1.7% 2,184 142,435 -5.5% -7,876 266,934 276,640 -3.5% -9,706 Net fee and commission income 30,762 35,741 -13.9% -4,979 33,307 -7.6% -2,545 66,503
Slide 38: Financials | Loan Portfolio
Financials | Loan Portfolio Total Loans (Ch$ BN) Market share Δ -2.0% D% Loans 2Q'17/2Q'16 ITCB in Chile Financial System Δ +0.7% -2.0% 5.0% -5.3% 2.1% 16.4 16.3 5.6% 9.7% 16.0 15.9 16.0 1.3 1.3 7.8% 8.0% 1.4 1.4 1.4 3.3 3.3 3.4 3.4 3.5 14.5% 14.4% 13.8% 13.6% 13.6% 12.0% 11.8% 11.4% 11.2% 11.2% 8.6
Slide 39: Financials | Net Interest Margin
Financials | Net Interest Margin 3.5% 3.3% 3.0% 3.0% 2.9% 3.0% 2.9% 2.8% 2.8% 2.5% 2.7% 2.6% 2.5% 2.6% 2.6% 2.4% 2.4% 3.5% 3.3% 2.3% 2.4% 2.4% 3.0% 3.0% 2.9% 3.0% 2.8% 2.8% 2.5% 2.7% 2.5% 2.6% 2.6% 2.4% 2.4% 2.3% 2.4% 2.4% 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 1Q'15 2Q'15 3Q'15
Slide 40: Financials | Result from Loan Losses
Financials | Result from Loan Losses Provision for Loan Losses ratios (annualized) 56,8% 42,9% 22,3% 16,8% 18,7% 16,3% 13,1% 11,2% 11,1% 8,1% 0,6% 0,6% 0,6% 1,7% 0,7% 0,7% 2,2% 1,0% 0,9% 0,4% 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 Provision for Loan Losses / Average Loans Provis
Slide 41: Financials | Credit Quality
Financials | Credit Quality Total Loans Commercial 128% 133% 133% 162% 168% 125% 121% 126% 147% 147% 152% 115% 109% 109% 141% 126% 117% 120% 47% 50% 50% 50% 49% 48% 48% 54% 54% 55% 54% 54% 52% 51% 51% 46% 46% 52% 46% 45% 47% 41% 45% 47% 44% 46% 45% 44% 48% 45% 42% 47% 43% 45% 43% 44% 4,9% 4,7% 4,7%
Slide 42: Financials | Income Statement (Colombia)
Financials | Income Statement Change Change Change in million of Chilean Pesos - constant currency 1 2Q'17 1Q'17 % $ 21Q'16 % $ 2017 2016 % $ Net interest income 57,812 51,956 11.3% 5,856 53,402 8.3% 4,410 109,769 111,993 -2.0% -2,225 Net fee and commission income 9,676 9,664 0.1% 13 12,886 -24.9% -
Slide 43: Financials | Loan Portfolio & NIM
Financials | Loan Portfolio & NIM Total Loans – in constant currency¹ (Ch$ BN) Net Interest Margin (NIM) Δ +1.4% Δ +0.6% 4.9 5.0 4.9 5.0 5.0 5.2 5.3 5.2 4.4% 5.0 5.0 4.2% 3.9% 1.1 1.1 1.1 1.1 1.1 3.8% 3.5% 3.5% 3.2% 3.3% 3.2% 0.5 0.5 0.5 0.5 0.5 3.4 3.4 3.3 3.3 3.4 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 2Q'1
Slide 44: Proposed Changes to the General Banking Act in Chile
Financials | Proposed Changes to the General Banking Act in Chile Basel III 14.5% -1.0% 11.0% -1.5% Tier II 4.5% 3.5% Key pending definitions o Capital requirements o Capital deductions o Buffer sizes (SIFI , Counter-cyclical) -2.4% o RWAs +/- o Credit risk density o Market risk Tier I o Operational
Slide 45: Financials | Liquidity Risk
Financials | Liquidity Risk Regulatory Liquidity: Mismatch vs. Peers in Chile Adjusted liquidity gap Use of limit Capital Total gap - Total gap - Total gap - Total gap - Límit Ch$ BN Básico¹ 30 days 90 days 30 days 90 days Peer-A 100% 2,984 1,165 2,394 39% 40% Peer-B 100% 2,856 1,062 3,117 37% 55% P
Slide 46: Financials | Regulatory capital composition
Financials | Regulatory capital composition Ch$ TN* 0.23 1.18 14.5% BIS Ratio3 1.03 3.24 3.31 Capital Subord. Minority Goodwill Patrimonio Básico1 Bond Interest Efectivo2 Notes: 1 Capital Básico = Core Capital, according to SBIF BIS I definitions; includes corresponding adjustments from merger eff
Slide 47: Branch migration and IT platform optimization
Financials | Branch migration and IT platform optimization Integration process TOM = Target Operating Model Migration Calendar 2016 2017 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th # Stage Aug 16 Oct 11 Oct 24 Nov 7 Nov 21 May 8 May 29 Jun 19 Jul 10 Aug 7 # of Branches 2 6 10 7 7 3 4 6 4 6 32 branches
Slide 48: Agenda
Agenda I. Investment Case II. Financials III. Integration Milestones IV. Appendix As of June 30, 2017 DGA | Itaú CorpBanca | Informação de Uso Interno
Slide 49: Integration Milestones
Itaú CorpBanca | Integration Milestones Next steps 1 Completion of branch migration and client segmentation (Dec.2017) 2 Focus on topline and client satisfaction 3 Focus on digital strategy 4 Implementation of synergies Next steps 1 Introduction of the Itaú brand (May.2017) 2 Acquisition of assets a
Slide 50: Agenda
Agenda I. Investment Case II. Financials III. Integration Milestones IV. Appendix As of June 30, 2017 DGA | Itaú CorpBanca | Informação de Uso Interno
Slide 51: Main components of change – 2016 vs 2015
Itaú CorpBanca | Main components of change – 2016 vs 2015 Managerial Recurring Net Income - Consolidated In Ch$ BN -94.2 • Flat wholesale fees: -23.5 • Derivaties with clients: -12.6 -80.5 • Sales of loan portfolios: -10.0 350.3 -46.0 -24.2 -66.5 38.8 2015 Loan loss provisions Results from Colombia
Slide 52: Transaction in Colombia
Itaú CorpBanca | Transaction in Colombia Itaú CorpBanca Colombia acquired assets and liabilities of Itaú BBA Colombia On June 16, 2017 Itaú CorpBanca Colombia Current Structure in Colombia acquired Itaú BBA Colombia assets and liabilities at their book value1 Itaú Helm Other Postponement of the
Slide 53: Integration in Colombia – Core Banking Legacy System
Integration in Colombia – Core Banking Legacy System Itaú CorpBanca’s management, after a throughout evaluation, elected Helm Bank’s Phoenix platform as the core banking legacy system for Itaú CorpBanca’s operation in Colombia. This strategy will benefit from reduced implementation time and risk whe
Slide 54: Itaú CorpBanca History
Our Bank | Itaú CorpBanca History Itaú BofA takes control after Launch of First Chile National Bank of merger between Bank of America and Bank Boston Acquisition of Munita, Cruzat y Claro (MCC), an asset manager Boston in Chile in the USA and broker dealer Launch of Banco Itaú Merger Chile between I
Slide 55: Global Macroeconomic Outlook
Global Macroeconomic Outlook 2011 2012 2013 2014 2015 2016 2017F 2018F GDP Growth (%) - World Economy Worl d 4.2 3.5 3.3 3.4 3.2 3.1 3.6 3.7 USA 1.6 2.2 1.7 2.6 2.9 1.5 2.1 2.3 Euro Zone 1.6 -0.9 -0.2 1.3 1.9 1.7 2.0 1.7 Chi na 9.5 7.9 7.9 7.2 7.3 6.7 6.7 6.3 Ja pa n -0.1 1.5 2.0 0.0 1.1 1.0 1.5 1.3
Slide 56: Chile | Macroeconomic Outlook
Chile | Macroeconomic Outlook GDP Growth | % (YoY) Per Capita GDP | US$ Thousand 8 18 7.0 15.6 16 15.3 7 6.2 14.2 14.5 14.2 14.6 6.1 13.8 5.7 5.8 14 12.9 13.2 6 5.3 5.1 5.2 12 10.5 10.7 10.6 5 9.5 4.0 10 3.8 3.5 4 3.3 7.6 8 6.2 2.7 2.5 3 2.3 5.1 4.6 1.9 6 4.5 4.8 2 1.6 1.6 4 1 2 0 0 00 05 10 15 00 0
Slide 57: Chile | Macroeconomic Outlook
Chile | Macroeconomic Outlook International Reserves | % of GDP Current Account Balance | % of GDP 25 5 4.6 21.9 4 4.1 20.2 20.8 19.4 3 20 17.1 2.6 16.1 15.6 14.9 15.7 16.3 15.8 15.2 15.1 2 1.5 1.7 14.2 1.3 15 13.8 13.2 1 12.6 12.6 0 9.8 10 -1 -0.8 -2 -1.2 -1.1 -1.2 -1.5 -1.7 -1.7 -2.0 -1.4 -1.4 5 -
Slide 58: Colombia | Macroeconomic Outlook
Colombia | Macroeconomic Outlook GDP Growth | % (YoY) Per Capita GDP | US$ Thousand 8.0 9 7.9 8.1 7.9 7.0 6.7 6.9 6.6 8 7.3 7 6.3 6.0 5.3 6.1 6.2 6.4 5.8 4.7 4.9 6 5.3 5.2 5.0 4.4 4.0 4.7 3.9 4.0 5 4.0 3.5 3.7 2.9 3.1 4 3.4 3.0 2.5 2.5 2.8 3 2.5 2.4 2.4 2.3 2.0 1.6 2.0 1.7 1.7 2 1.0 1 0.0 0 00 05 10
Slide 59: Colombia | Macroeconomic Outlook
Colombia | Macroeconomic Outlook International Reserves | % of GDP Current Account Balance | % of GDP 18 16.6 2 16.0 15.6 15.3 16 14 0 12.5 0.9 11.5 11.6 11.5 12 10.4 11.1 10.8 -1.1 -1.3 -1.0 -0.7 10.2 10.1 10.2 9.9 9.6 10.1 -1.3 9.5 -2 10 -1.8 -2.0 8 -2.9 -2.9 -2.9-3.0 -3.5 -3.0 -3.2 -4 -3.7 6 -4.3
Slide 60: LatAm | Banking Sector
LatAm | Banking Sector Penetration, Size, Concentration, Capitalization, and Government Share As of September 30, 2015, unless otherwise stated Brazil Chile Colombia Mexico Peru Population (2014) in million 203 18 48 120 31 Banking sector − Penetration, loans to GDP (2014) 54.7% 85.5% 42.2% 19.5% 33
Slide 61: LatAm | Banking Sector
LatAm | Banking Sector Penetration, Size, Concentration, Capitalization, and Government Share As of September 30, 2015, unless otherwise stated Brazil Chile Colombia Mexico Peru Population (2014) in million 203 18 48 120 31 Banking sector − Penetration, loans to GDP (2014) 54.7% 85.5% 42.2% 19.5% 33
Slide 62: LatAm | Banking Sector
LatAm | Banking Sector Penetration, Size, Concentration, Capitalization, and Government Share As of September 30, 2015, unless otherwise stated Brazil Chile Colombia Mexico Peru Population (2014) in million 203 18 48 120 31 Banking sector − Penetration, loans to GDP (2014) 54.7% 85.5% 42.2% 19.5% 33
Itaú CorpBanca — Investor Presentation (September 2017) on 6ix