From Surf Wiki (app.surf) — the open knowledge base

Itaú Unibanco

Brazilian banking company

Field	Value
name	Itaú Unibanco S.A.
logo	Itaú Unibanco logo 2023.svg
logo_size	150px
image	File:Arq088 01 15.jpg
image_caption	Headquarters in São Paulo
type	Sociedade Anônima
traded_as

area_served	Worldwide
key_people
industry	Financial services
products
revenue	US$ 27,2 billion (2024)
net_income	US$ 6.4 billion (2024)
assets	US$ 491.6 billion (2024)
num_employees
parent	Itaúsa
subsid	Itaú CorpBanca
Itaú Paraguay
Itaú Uruguay
Rede
Hiper
Credicard
foundation
location	São Paulo, São Paulo, Brazil
predecessor	Banco Itaú
Unibanco
homepage
footnotes

Itaú Paraguay Itaú Uruguay Rede Hiper Credicard Unibanco

Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008. It is the largest banking institution in Brazil, as well as the largest in Latin America, and the seventy-third largest bank in the world. The bank is listed on the B3 in São Paulo and in NYSE in New York.

Itaú Unibanco has operations in Brazil, Chile, Colombia, Panama, Paraguay, United States and Uruguay in the Americas, as well as in Luxembourg, Portugal, Switzerland and the United Kingdom in Europe; China, Hong Kong, Japan and United Arab Emirates in Asia. It has over 33,000 service points globally, including 4,335 branches in Brazil and 55 million customers globally.

Itaúsa, a large Brazilian conglomerate ranking among Fortune magazine's top 500 corporations in the world, serves as the parent company. Outside Brazil, Itaú Unibanco has offices in Asunción, Buenos Aires, Cayman Islands, Dubai, Hong Kong, Lisbon, London, Luxembourg, Montevideo, Nassau, New York, Miami, Santiago, Shanghai, Tokyo, and Zürich.

In 2022, Itaú was considered the most valuable brand in Brazil.

History

In September 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay.

On November 4, 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco. The institution was born with R$575 billion in assets, a net equity of around R$51.7 billion and a portfolio of combined credit of R$225.3 billion. The new bank had 4,800 branches and service branches, representing 18% of Brazil's banking network, and 14.5 million account holders (18% of the market). In terms of credit volume, it represented 19% of the Brazilian system and in total deposits, funds and managed portfolios, 21% by 2008. In the insurance and pension plan market, the new group had a 17% and 24% share, respectively. The wholesale operations (corporate) totaled more than R$65 billion, serving more than 2,000 economic groups in Brazil. The private banking (wealth management) business had become the largest in Latin America, with approximately R$90 billion in assets under management.

On August 22, 2009, Banco Itaú Unibanco and insurance company Porto Seguro announced their alliance.{{cite news

In June 2013, the bank agreed to buy Citibank Uruguay's retail banking operations.

In 2014, Banco Itaú announced that it was merging with Chilean bank Corpbanca. As a result, Itaú bought Helm Bank, Corpbanca's operation in Colombia and Panama, and rebranded it under the Itaú name.

Logo Evolution

References

(February 10, 2022). "Demonstrações Contábeis em IFRS (2021)".
Jeffrey Sy, Ryan. (April 25, 2022). "Latin America's 50 largest banks by assets, 2022". S&P Global Market Intelligence.
(2022-05-03). "Banks and beer top Brazil's 10 most valuable brands".
(November 4, 2009). "Itaú e Unibanco anunciam fusão e criam maior grupo financeiro do Hemisfério Sul".
Natalia Gómez. (28 June 2013). "Itaú Unibanco agrees to buy Citi Uruguay's retail bank unit". Reuters.
(January 28, 2014). "Corpbanca escogió a Itaú".
(May 22, 2017). "Sedes de la antigua red Helm Bank empiezan a operar como Itaú".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-listed-on-the-new-york-stock-exchange companies-in-the-índice-bovespa companies-in-the-s&p-latin-america-40 itaú-unibanco banks-established-in-2008 companies-based-in-são-paulo companies-listed-on-b3-(stock-exchange) multinational-companies-headquartered-in-brazil asset-management-companies

Want to explore this topic further?

Ask Mako anything about Itaú Unibanco — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report