Fitch Rates Corpbanca's USD200MM Bonds Programme 'BBB+'.

BUENOS AIRES & SANTIAGO, Chile -- Fitch Ratings has assigned a 'BBB+' foreign currency long-term rating to Corpbanca's new USD200 million bonds programme, under which the bank plans to issue debt in the Peruvian market in local currency and/or in US dollars.

Fitch currently rates Corpbanca as follows:

--Issuer Default Rating (IDR) 'BBB+' (Stable Outlook);

--Short-term 'F2';

--Long-term national rating 'AA-(chl)';

--Short-term national rating 'N1+(chl)';

--Individual 'C';

--Support '3';

--Support rating floor 'BB-'.

Corpbanca's ratings reflect its adequate financial performance, good asset quality and sound capital base. They also reflect its depressed profitability and its high dependence on concentrated, although stable, time deposits.

Corpbanca is a mid-sized bank that operates in almost all market segments, through a multi-product strategy. It is 50.86% owned by Corp Group Banking S.A. (CGB); 8.23% by Cia. Inmobiliaria y de Inversiones SAGA (entity controlled by Alvaro Saieh Bendeck and his family); and the remaining 39.69% is held by domestic and foreign institutional investors. In turn, CGB is controlled by a group of Chilean businesses men, in which the main individual shareholder is Alvaro Saieh, who together with his family maintains indirectly a 59.1% stake in Corp Group Banking.

The credit research on Corpbanca is available on the Fitch Ratings web site, www.fitchresearch.com, or by contacting the Ratings Desk in London at [phone].

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.