SecProbe.io

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September 17, 2004

Mail Stop 0408

By U.S. Mail and Facsimile to (212) 354-8113

Howard M. Kleinman, Esq.
White & Case
1155 Avenue of the Americas
New York, New York 10036

Re:	Corpbanca
	Amendment No. 2 to Form F-4, confidentially submitted on
September 8, 2004

Dear Mr. Kleinman:

We have reviewed Corpbanca`s registration statement and have the
following comments.  Please note that these comments are limited to
our accounting comments and that additional comments on this
submission may follow next week.  Where indicated, we think you should
revise your document in response to these comments.  If you disagree,
we will consider your explanation as to why our comment is
inapplicable or a revision is unnecessary.  Please be as detailed as
necessary in your explanation.  In some of our comments, we may ask
you to provide us with supplemental information so we may better
understand your disclosure.  After reviewing this information, we may
or may not raise additional comments.

We welcome any questions you may have about our comments or on any
other aspect of our review.  Feel free to call us at the telephone
numbers listed at the end of this letter.

Form 20-F

Item 4. Information on the Company

Analysis of Substandard Loans and Amounts Past Due - page 65

1. Refer to our prior comment 4.  We acknowledge your response,
however, we do not understand why this would prohibit you from
disclosing requested domestic loan information. Please revise to
disclose the amount of non-accrual and past due interest that would
have been earned on domestic loans if those loans were not classified
as non-accrual or past due.  Refer to Item III C.1.of Industry Guide
3.

2. Please revise to disclose the total amount of loans for which at
least one payment is 90 or more past due in the body of the tabular
presentation presenting five years worth of data.  Please also revise
to present this amount as a percentage of total loans.  Refer to Item
III C.1 of Industry Guide 3.

Financial Statements

Note 27 - Differences between Chilean and U.S. GAAP

Allowance for loan losses - page F-47

3. We note your response to our prior comment 9. Please revise to
disclose that the required provisions under the guidelines set by the
Chilean Superintendency of Banks are consistent by grade with
Corpbanca`s historical loss experience. If our understanding is not
correct, please supplementally explain to us how Chilean GAAP would be
consistent with U.S. GAAP.

Interest Recognition on non-accrual loans - page F-48

4. We note your response to our prior comment 8.  Please revise to
quantify that you did not generate any stockholders` equity or net
income differences requiring a reconciling item for U.S. GAAP for each
of the years presented.  Your current disclosure implies that you did
have a difference in interest recognition on non-accrual loans.

*      *      *
Closing Comments

As appropriate, please amend your registration statement in response
to these comments.  You may wish to provide us with marked copies of
the amendment to expedite our review.  Please furnish a cover letter
with your amendment that keys your responses to our comments and
provides any requested supplemental information.  Detailed cover
letters greatly facilitate our review.  Please understand that we may
have additional comments after reviewing your amendment and responses
to our comments.

You may contact Heather Schimkaitis, Staff Accountant, at (202) 824-
5342 or Donald Walker, Senior Assistant Chief Accountant, (202) 942-
1799 if you have questions regarding comments on the financial
statements and related matters.  Please contact Gregory Dundas at
(202) 942-2932 or me at (202) 942-2889 with any other questions.

						Sincerely,

						William Friar
						Senior Financial Analyst
Corpbanca
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