SANTIAGO, Chile, Dec. 22, 2025 (GLOBE NEWSWIRE) — BANCO ITAU CHILE (SSE:ITAUCL) reports that, within group´s regional strategy, Itau Colombia S.A. is advancing into a new stage of its strategic adjustment process initiated in previous years, aimed at strengthening its focus on Wholesale Banking (Itau Corporate) – which encompasses businesses with legal entities in Colombia and Panama – its subsidiaries Itau Comisionista de Bolsa and Itau Fiduciaria, and Treasury. As part of this stage, Itau Colombia S.A. and Banco Itau Panama entered into an agreement for the transfer of certain assets and liabilities of the bank related to its retail banking business in Colombia and Panama to Banco de Bogota S.A. and Banco de Bogota Panama. This transaction was duly disclosed to the market and to the Superintendencia Financiera de Colombia. Complementarily, Itau Colombia will continue to offer Itau Miami products, focused on its private banking business. Through this agreement, Itau Colombia S.A. will transfer a portfolio of approximately 267 thousand clients, representing close to COP$6.5 trillion in consumer and mortgage loans and approximately COP$4.1 trillion in deposits. The value of the transaction will be determined at closing, based on the book value of the assets and liabilities subject to the transfer. The completion and closing of the transaction are subject to the approval of the Superintendencia Financiera de Colombia and to the fulfillment of the customary conditions applicable to this type of transaction. Throughout the entire process and transition period, Itau Colombia will continue operating normally, ensuring the quality and security of its products, services and channels, and acting with responsibility and transparency toward its employees, clients and suppliers. In the context of the implementation of this transaction, it is expected that relevant costs associated with its execution will be incurred. These costs will be estimated and duly disclosed at the time of closing. Within this strategy, the Itau Group confirms its commitment to Colombia and its long-term vision of permanence in the country, which is reflected, among other aspects, in the decision of Itau Colombia to convene a Shareholders' Meeting to evaluate a capital increase of up to US$100 million, aimed at strengthening its competitiveness and supporting the next stage of the bank's growth, subject to the corresponding regulatory approvals. “This agreement represents a relevant stage within a strategic adjustment process that Itau has been developing in Colombia for several years. It is a decision consistent with the Group's focus on strengthening those segments where we have a differentiated value proposition, regional experience, and a clear long-term vocation in the markets where we operate. Colombia is a strategic market for the consolidation and projection of the Itau Group's regional platform,” said Andre Gailey, CEO of Itau Chile. Investor Relations – Banco Itau Chile ir@itau.cl / ir.itau.cl
