Banco Itau Chile ADR

Hello everyone, welcome to the new Itau Chile Results Capsule. I am Matías Valenzuela, Planning Manager and Corporate Strategy.

Today we will review the main results of the first quarter of 2026 and some relevant milestones of the bank.

We closed the quarter with a solid performance in positions, which grew at a consolidated level by 8.9% per annum, driven mainly by the commercial and housing segment.

En Chile, tras un inicio de año más lento, tuvimos un repunte en marzo, alcanzando un crecimiento de colocaciones de 7,3% interanual. Destacan el segmento comercial, con mayor originación, y el hipotecario, que mantiene su buen desempeño. Mientras tanto, la cartera de consumo también mostró crecimiento, luego de un 2025 más selectivo.

En materia de fondeo, destacamos el upgrade de rating que nos otorgó Standard & Poor's, fortaleciendo nuestro acceso al financiamiento en los mercados internacionales y respaldando nuestra estrategia de crecimiento de largo plazo. Along with this, we advance in the diversification of our funding sources, with our first issue under the Medium Turn Note program and the successful closure of the first commercial paper issue of Itau Chile in the United States.

In addition, we participate as advisors in important market operations, such as the Maipo Route Bond, the first sustainable bond in the Chilean infrastructure-linked market, and we reached second place in local fixed-income emissions in 2026.

In terms of our revenues, the quarter was marked by a decrease in the financial margin, mainly due to a lower margin performance with the market in a context of greater volatility.

Commission revenues decreased with respect to the previous quarter, explained by a lower commercial dynamism, especially during the first months of the year.

In risks, we continue to show a favorable evolution. The credit cost in Chile was located at 1% in the lower part of the expected range, reflecting a portfolio with good quality indicators and prudent management.

We maintained a solid spending discipline, with a decrease in administrative expenses in Chile, in line with our focus on efficiency and spending control.

We showed a 9.2% drop in Chile, mainly reflecting a lower income generation in the period in a context of greater volatility, however maintaining a disciplined management of costs and risks, while continuing to earn market share in assets and liabilities.

In Colombia, we continue to advance with our transformation plan, focusing on strengthening the corporate segment. In terms of results, the revenues increased by 5.1%, which, together with a good spending control, allowed us to reach a ROE of 2.9% in the quarter. At a consolidated level, we obtained a recurring result of 76,661 million pesos, with a profitability of 8% over assets.

On the other hand, we maintain a solid capital position with a CET1 of 12% and a capital education index of 17.3% above regulatory requirements. These high levels allowed us to achieve, during April, the payment of a dividend equivalent to 60% of 2025 utilities.

Finalmente, destacamos nuestro avance en cultura. Fuimos reconocidos como el mejor lugar para trabajar en Chile por Gale Press World y alcanzamos un NPS de 89%, mejorando desde el 85% el año anterior.

Muchas gracias por acompañarnos y los invitamos a seguir conectados y a revisar más detalles en nuestra página de Relaciones con Inversionistas.

Nos vemos en la próxima cápsula.