SANTIAGO, CHILE -- (MARKET WIRE) -- March 9, 2007 -- Corpbanca (NYSE: BCA), a Chilean financial institution offering a wide variety of corporate and retail financial products and services across all segments of the Chilean financial market, announces the creation of a new subsidiary, Corplegal S.A. Corpbanca will hold a 99.99 percent ownership interest in the new subsidiary. Corplegal S.A. will exclusively address all legal advisory services required by Corpbanca, its subsidiaries and/or their clients.

The Chilean Superintendency of Banks and Financial Institutions granted authorization for the creation of Corplegal S.A. on January 26, 2007, pursuant to resolution No. 01092.

Contact Information: Contact: Company: Pablo Mejia R. Investor Relations Tel. (56 - 2) 660-2342 Santiago, Chile E-mail : pablo.mejia@corpbanca.cl Capital Link: Nicolas Bornozis President Tel: 212-661-7566 New York, USA E-mail: nbornozis@capitallink.com