Tag Archives: Santiago de Chile

Market opportunities by T-Advisor: Corpbanca

T-Advisor, through its tool Market Opportunities, has detected the company Corpbanca, listed in Santiago de Chile Stock Exchange, as an opportunity for investment.

These are the main figures about performances and volatility in the last years:

Corpbanca main data in T-Advisor

The chart shows the evolution in the last year:

Corpbanca chart in T-Advisor

The technical analysis reveals also more data:

Corpbanca technical analysis in T-Advisor

Finally, the risk analysis is as follows:

Corpbanca risk analysis in T-Advisor

Founded in 1971 as a local bank, Corpbanca is the 4th largest credit institution in Chile. Main shareholders are the chilean family Saieh. Its growth was sustained by some purchases, as it did in Venezuela (although sold afterwards) and in Colombia. This last one needed an important capital increase in 2013. It has recently merged the chilean subsidiary of the brazilian Banco Itaú.

Bank revenues increase last year 32%, till 1,007.7 billion pesos, compared with the figures in 2012. Net income also jumped 40%, till 167.9 billion pesos. The share price improved around a 50% since August 2013.