CorpBanca SA was incorporated on October 3, 1871 under the laws of the Republic of Chile. The Company provides a range of commercial and retail banking services to its customers. In addition, it provides financial advisory services, mutual fund management, insurance brokerage and securities brokerage services through its subsidiaries. The Company's business is situated in the domestic market and has strategically aligned its operations into four divisions composed of seven reporting segments based on its market segmentation and the needs of its clients and trading partners. The seven reporting business segments are Large Companies and Corporate; Companies; Traditional and Private Banking; Lower Income Retail Banking; Treasury and International; Financial Services Offered Through Subsidiaries and Colombia. Large, Corporate and Real Estate Companies includes companies that belong to major economic groups, specific industries, and companies with sales over US$60 million; this reportable segment also includes real estate companies and financial institutions. Companies Reportable Segment - includes a full range of financial products and services to companies with sales under US$60 million. Leasing and factoring is included in this reportable segment. Traditional and Private Banking Reportable Segment - offers, among other products, checking accounts, consumer loans, credit cards and mortgage loans to middle and upper income customers. Lower Income Retail Banking Reportable Segment - offers, among other products, consumer loans, credit cards and mortgage loans to the traditionally underserved low-to-middle income customers. Treasury and International segment includes its treasury activities such as financial management, funding and liquidity as well as its international business. Financial Services Offered through Subsidiaries are services performed by its subsidiaries which include insurance brokerage, financial advisory services, asset management and securities brokerage. Colombia segment comprises the business operations of Corpbanca Colombia and its subsidiaries in that country. The main business carried out in Colombia comes from individuals and small and medium-size entity Banking, Banking and Treasury businesses and institutions; and services. The Company's competitors are Bci, Banco de Chile and Banco Santander-Chile. As compared to other Chilean banks. The Company is subject to regulation by the Chilean Superintendency of Banks. In addition, it is subject to regulation by the Central Bank with regard to certain matters, including interest rates and foreign exchange.