CorpBanca Announces First Quarter 2008 Results

| Source: Corpbanca Corpbanca

SANTIAGO, CHILE--(Marketwire - May 8, 2008) - CORPBANCA (NYSE: BCA), a Chilean financial institution offering a wide variety of corporate and retail financial products and services, today announced its financial results for the first quarter ended March 31, 2008. This report is based on unaudited consolidated financial statements prepared in accordance with Chilean generally accepted accounting principles. Figures are expressed in Chilean pesos as of March 31, 2008 and percentages are expressed in real terms. Solely for the convenience of the reader, U.S. dollar amounts in this report have been translated from Chilean pesos at our March 31, 2008 exchange rate of Ch$435.81 per U.S. dollar.

CorpBanca First Quarter 2008 Press Release:

(Please click on the link below)

http://www.irwebpage.com/corpbanca/corpbanca050808.pdf

CorpBanca's Conference Call on First Quarter 2008 Results

Tomorrow, Friday, May 9th, 2009 CorpBanca's management will host a conference call for one hour, to discuss the First Quarter 2008 Financial Results and respond to investor questions. 

Time:          10:00 am (Santiago, Chile)
               10:00 am EDT (US)
               3:00 pm (UK)

Call Numbers:  U.S.A. participants please dial         1866 819 7111
               Outside the US please dial           +44 1452 542 301
               UK participants please dial             0800 953 0329

Chairperson:   Mr. Pablo Mejia, CGA - Head of Investor Relations
You should dial in 10 minutes prior to the commencement of the call.

Alternative Back-Up numbers for the conference call: In case of any problem with the above numbers, participants should dial one of the following numbers and quote "CorpBanca": 

               U.S.A. participants                     1866 223 0615
               Outside the US participants          +44 1452 586 513
               UK participants                         0800 694 1503

For your convenience, a 24 hour instant replay facility will be available, following the completion of the conference call, until Monday, May 12th, 2008.

Slides and audio webcast:

There will also be a live -- and then archived -- webcast of the conference call with PowerPoint slides through the internet accessible through the website of Capital Link at www.capitallink.com. Please click on the button "FIRST QUARTER 2008 RESULTS WEBCAST." Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. 

To listen to the replay, please call:
Instant Replay Number U.S.A.:     1866 247 4222     Access Code:  2339939#
Instant Replay Number OTHER:   +44 1452 550 000     Access Code:  2339939#
Instant Replay Number U.K.:       0800 953 1533     Access Code:  2339939#

About CorpBanca

CORPBANCA (NYSE: BCA) (SANSE: CORPBANCA) is a Chilean financial institution offering a wide variety of corporate and retail financial products and services.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking information is often, but not always, identified by the use of words such as "anticipate," "believe," "expect," "plan," "intend," "forecast," "target," "project," "may," "will," "should," "could," "estimate," "predict" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to Corp Banca concerning anticipated financial performance, business prospects, strategies and regulatory developments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release and Corp Banca does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Contact Information: Contacts: CORPBANCA: Pablo Mejia Ricci, CGA Head of Investor Relations Santiago, Chile Tel: (562) 660-2342 investorrelations@corpbanca.cl Capital Link: Nicolas Bornozis President New York, USA Tel: (212) 661-7566 nbornozis@capitallink.com

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