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Blue Chip Growth

Stock Report: () Report Updated: Jun 21, 2016 | Print This Page

Get more stock ratings by Louis Navellier

(BCA)

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Stock Analysis

Rating: Monthly View

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Company Profile

CorpBanca, together with its subsidiaries, provides various commercial and retail banking services in Chile. The company operates through seven segments: Large, Corporate, and Real Estate Companies; Companies; Traditional and Private Banking; Lower Income Retail Banking; Treasury and International; Financial Services Offered Through Subsidiaries; and Colombia. It accepts checking accounts, current accounts, savings accounts, bankers’ drafts, time deposits, and others. The company’s loan portfolio includes commercial loans; working capital loans; letters of credit; mortgage loans, including residential mortgages for the purchase of new and existing homes, and other mortgages for other purposes secured by real property owned by the customer; and consumer loans that comprise personal loans, and university and post-graduate education loans. It also offers trade finance, on-lending of financing, overdraft credit lines, cash flow management services, foreign exchange derivatives, credit and debit cards, factoring and leasing, automated teller machine (ATM) cards, and Internet and telephone banking services. In addition, the company provides financial advisory services, mutual fund management, insurance brokerage, and securities brokerage services, as well as treasury services. CorpBanca serves individuals, large economic groups, state-owned companies, mining companies, utilities, energy, seaports, airports, public hospitals, or other businesses. As of December 31, 2014, it operated 127 branch offices in Chile, including 70 branches operating under the CorpBanca name and 56 branches operating under the Banco Condell name; and owned and operated 414 ATMs in Chile. The company was founded in 1871 and is based in Santiago, Chile.