Itau Unibanco Holding SA
BOVESPA:ITUB4

Watchlist Manager
Itau Unibanco Holding SA Logo
Itau Unibanco Holding SA
BOVESPA:ITUB4
Watchlist
Price: 30.86 BRL 0.72% Market Closed
Market Cap: 301.7B BRL

Itau Unibanco Holding SA
Investor Relations

In the vibrant heart of Latin America's largest economy thrives Itaú Unibanco Holding SA, an unmistakable giant in global finance and a cornerstone in Brazil's banking landscape. Born from the 2008 merger of Banco Itaú and Unibanco, this powerhouse didn't simply amalgamate assets; it crafted a robust financial institution with deep roots and broad branches extending across continents. The company's backbone is its extensive network of branches and service points throughout Brazil and internationally, serving a diverse clientele that ranges from everyday consumers to multinational corporations. Itaú Unibanco's comprehensive portfolio spans a wide array of financial services, including retail and commercial banking, insurance, asset management, and private banking. By delivering an array of products—such as credit cards, loans, investment options, and sophisticated financial advisory services—it deftly captures varied revenue streams and monetizes the trust of millions of clients.

Itaú Unibanco thrives on a carefully balanced strategy, marrying traditional banking strengths with innovation-driven growth. Its core business generates income primarily through interest on loans and advances to customers, a cornerstone of profitability fueled by a robust credit portfolio. Simultaneously, the bank leverages its significant scale in fee-based transactions, ensuring diversified revenue sources that insulate against market volatility. Beyond traditional banking, Itaú Unibanco is an avid investor in digital technologies, recognizing the potent potential of fintech advancements to streamline operations and enhance customer experience. By cultivating technological adaptability, the bank not only purveys a more agile service offering but also fortifies its position against disruptive market forces. As such, Itaú Unibanco isn't just a financial entity; it's a dynamic organism that adapts and evolves in step with the market pulse, echoing the rhythm of Brazil's dynamic economic canvas.

Show more
Loading

Earnings Calls

2024 Q2
Aug 7, 2024
Show Transcript
Previous
Next
Positive Results Driven by Loan Portfolio Growth and Risk Management
2024 Q2
Aug 7, 2024

In Q2 2024, Itaú Unibanco reported BRL 10.1 billion in managerial recurring results, a 3.1% increase from Q1. The consolidated return on equity improved to 24% when adjusted for the Tier 1 capital ratio of 11.5%. The loan portfolio grew 8.9% year-over-year and 7.1% excluding foreign exchange impacts. Key segments included SME, with a 12.5% year-over-year growth, and large corporate loans at 16.3%. Delinquency rates declined to below pre-pandemic levels, showcasing successful risk management. Commission fees and insurance grew by 5%, and noninterest expenses increased by 4.7% quarter-over-quarter in Brazil, maintaining cost management discipline.

Show Full Analysis

Management

Mr. Milton Maluhy Filho
CEO & Member of Executive Board

Milton Maluhy Filho is a prominent Brazilian banker currently serving as the Chief Executive Officer of Itaú Unibanco, one of the largest banking institutions in Latin America. Born in São Paulo, Brazil, Maluhy Filho is known for his deep expertise and extensive experience in the financial sector. He joined Itaú Unibanco in 2002, and over the years, he has climbed the ranks by holding various key positions across the bank's operations, risk, and finance divisions. His leadership style is often described as dynamic and innovative, focusing on digital transformation and customer-centric strategies to keep the bank competitive in the rapidly evolving financial landscape. Milton Maluhy Filho became CEO of Itaú Unibanco in February 2021, succeeding Candido Bracher. Under his leadership, the bank has continued to strengthen its market position and advance its digital banking capabilities. Maluhy Filho holds a degree in business administration from Fundação Armando Alvares Penteado (FAAP) and has completed executive education programs at prestigious institutions such as INSEAD and Stanford University. His tenure at Itaú Unibanco is noted for his emphasis on improving operational efficiency and expanding the bank's digital offerings to meet the demands of modern banking consumers.

Mr. Gabriel Amado de Moura
Chief Financial Officer

Gabriel Amado de Moura is a notable Brazilian finance executive associated with Itaú Unibanco Holding S.A., one of the largest financial institutions in Brazil and Latin America. He has held significant positions within the organization, contributing to its strategy, operational efficiency, and market presence. Moura possesses robust expertise in banking and finance, gained through his extensive career at Itaú Unibanco. His leadership roles have often involved navigating complex financial environments and implementing initiatives that drive growth and innovation in the banking sector. His work has been influential in maintaining the bank's competitive position in a dynamic financial landscape.

Mr. Matias Granata
Chief Risk Officer & Member of Executive Board

Matias Granata is a notable figure in the financial sector, holding a prominent position at Itaú Unibanco Holding SA, one of the largest financial institutions in Latin America. As an experienced executive, Granata plays a crucial role in shaping the strategies and risk management policies of the bank. His expertise lies in areas such as risk management, corporate governance, and financial planning. Granata's leadership and insights have been instrumental in navigating the complexities of the financial market, contributing to the bank's reputation for stability and innovation. With a keen eye for identifying and mitigating risks, he ensures that Itaú Unibanco maintains its competitive edge while adhering to regulatory requirements and achieving its strategic objectives.

Mr. Pedro Paulo Giubbina Lorenzini
Head of Macroeconomics, Global Markets, Treasury & Latam and Member of Executive Board
No Bio Available
Mr. Flavio Augusto Aguiar de Souza
Member of Executive Board

Flavio Augusto Aguiar de Souza is a notable executive at Itaú Unibanco Holding SA, one of the largest financial conglomerates in Brazil and Latin America. He plays a significant role in the organization, contributing to its strategic and operational efforts. With extensive experience in the financial industry, Flavio has been involved in various capacities within Itaú Unibanco, focusing on areas such as financial management, risk assessment, and operational efficiency. His contributions have been key in maintaining the bank's strong market position and driving growth. His leadership style and expertise have been instrumental in navigating the complex financial landscape in Brazil and beyond.

Mr. Ricardo Ribeiro Mandacaru Guerra
Member of Executive Board & CIO

Ricardo Ribeiro Mandacaru Guerra is a prominent figure in the banking industry, serving as a key executive at Itaú Unibanco Holding S.A., one of the largest financial institutions in Latin America. Holding the position of Chief Technology Officer (CTO), Guerra plays a crucial role in steering the bank's technology strategy and digital transformation efforts. His efforts are instrumental in enhancing the bank’s technological infrastructure, ensuring that it stays ahead in a rapidly evolving financial landscape. Guerra's expertise in technology and innovation, combined with his leadership skills, contribute significantly to Itaú Unibanco’s success in providing cutting-edge financial services and solutions. His work not only supports the bank's operational efficiency but also aims to improve customer experience by integrating more advanced and user-friendly digital platforms.

Contacts

Address
SAO PAULO
Sao Paulo
Praca Alfredo Egydio De Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara
Contacts
+551150199986.0
www.itau.com.br