Corp Group Banking S.A. - CGB (Chile)

Corp Group Banking S.A. (CGB), founded in 1998 and headquartered in Las Condes, Santiago, is a Chilean holding company historically linked to the Saieh family and focused on financial services and banking-related investments. CGB became widely known as the controller of a major equity stake in Itaú Corpbanca, holding 26.2% of the bank at the time it entered U.S. Chapter 11 proceedings in 2021 due to debt obligations exceeding US$ 1.3 billion, including US$ 843 million owed to Itaú Unibanco and US$ 500 million in New York‑law bonds. The restructuring process—conducted under Chapter 11 in Delaware—resulted in a confirmed reorganization plan in June 2022, though CGB’s case remains open as of 2025 according to U.S. bankruptcy records. Corporate registry filings in Chile indicate that CGB’s principal executive has been Jorge Andrés Saieh Guzmán, and its activities fall within management consulting and financial intermediation, despite its role as an investment vehicle for larger holdings within CorpGroup. The Chilean Financial Market Commission (CMF) lists Inversiones CorpGroup Interhold Ltda. as the majority shareholder above 20%, consistent with CGB’s place within the broader Saieh-controlled corporate structure, which also historically included retail, media, and real estate investments via SMU, Vivo, and Copesa.