Industry: Banks-Regional

Sector: Financial Services

Banco Ita Chile provides banking services in Chile and Colombia. It provides wholesale and corporate banking; real estate and construction; and retail, private, companies, and personal banking services, as well as treasury and other financial services. The company offers checking accounts, and debit and credit card; credit line, consumer credit installments, mortgage credit, and universal consumer and university credit; and leasing and company credits including short term, fixed long term, and structured credit, as well as factoring, foreign trade exports, such as financing line agreement, import payment order, collection, and letter of credit, financing cash operation services. In addition, it provides warranty papers including financed, cash, and web guaranteed tickets; state guarantee services; insurance products, which includes car, home, life, covid19 insurance for workers, financial protection, and assists insurance. The company also offers investment, mutual funds, stock broking, pension savings, and ETF mutual funds; international cash management, cash pooling, secure and rolling from check, bill collection, online payroll, automatic bill payments, and PAC collection services; and fusion and acquisition, bill of commerce, corporate bonds, purchase and sale of currency, short-term liquidly investment, and derivatives. The company was formerly known as Ita Corpbanca and changed its name to Banco Ita Chile in April 2023. Banco Ita Chile was incorporated in 1871 and is headquartered in Santiago, Chile. Banco Ita Chile is a subsidiary of Ita Unibanco Holding S.A.

BANCO ITAU CHILE is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.