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Corpbanca
Chile
1871 (154 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Corpbanca
Company Information
Get to know Corpbanca
CorpBanca is a Chile-based bank engaged in the provision of commercial and retail banking services. The Bank is organized into four segments: the Commercial banking segment includes a range of financial products and services for large, small and medium sized, corporate, and real estate companies; the Retail banking segment includes Traditional and Private Banking, and Consumer divisions, which offer, among others, checking accounts, consumer loans, credit cards and mortgage loans to middle and upper segments, as well as consumer loans, credit cards and mortgage loans to natural segments; the Treasury and International segment includes treasury activities, such as financial management and funding, among others, and the Non-banking financial services segment covers activities of its subsidiaries, which include insurance brokerage, financial advisory service, asset management and securities brokerage. In August 2013, the Company acquired a 100% stake in Helm Bank SA.
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- Financial BankingPRIMARY
- Financial Other Service
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