Note to the Market | Change of Bank’s Name
On April 10, 2023, Itaú Corpbanca announced that the Comisión para el Mercado Financiero approved amendments to its by-laws.
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Rhea-AI Summary
On April 10, 2023, Itaú Corpbanca announced that the Comisión para el Mercado Financiero approved amendments to its by-laws. This decision, made during an extraordinary general meeting on January 19, 2023, involves changing the bank's name to Banco Itaú Chile and expanding its fantasy names to Itaú, Itaú Chile, and Banco Itaú. The resolution was registered in Santiago's Registro de Comercio on April 3, 2023, and published in the Official Gazette on April 6, 2023. The name change takes effect retroactively from March 28, 2023, marking a significant branding update for the bank.
Positive
- Approval of by-law amendments enhances brand visibility with a new name.
- The name change reflects a strategic move to strengthen the bank's identity in the market.
Negative
- None.
Details
News Market Reaction – ITCB
The recorded move for ITCB in the trading session of this news was +2.32%.
Data tracked by StockTitan Argus. Session date unavailable.
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SANTIAGO, Chile, April 10, 2023 (GLOBE NEWSWIRE) -- By Resolution No. 2,215, issued on March 28, 2023, the Comisión para el Mercado Financiero approved the amendments to the by-laws of Itaú Corpbanca (the “Bank”) as resolved at the extraordinary general meeting of shareholders’ held on January 19, 2023, which, among other matters, resolved to change the name of the Bank to “Banco Itaú Chile”, and in turn modify and/or broaden its fantasy names to “Itaú”, “Itaú Chile” and “Banco Itaú”.
The certificate evidencing said resolution was registered in the Registro de Comercio of Santiago on April 3, 2023 and published in the Official Gazette on April 6, 2023.
Consequently, the process of amending the Bank’s by-laws regarding its change of name has been completed, with effect from the date of the aforementioned resolution, that is, on March 28, 2023.
The press release is also available on the company’s investor relations website at ir.itau.cl.
Investor Relations Itaú Chile
+56 (2) 2660-1701 / IR@itau.cl
Website: ir.itau.cl
LinkedIn: https://cl.linkedin.com/company/itauchile
Facebook: facebook.com/itauchile
Instagram: @itauchile
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