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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).
Banco Itaú began in 1945 under the name Banco Central de Crédito (Central Bank of Credit) and later changed its name to Banco Federal de Crédito (Federal Bank of Credit). In 1964, Banco Federal Itaú S.A. merged Banco Federal de Crédito and Banco Itaú, a rural bank belonging to a group originated in Itaú de Minas, in Minas Gerais state. [1]
Itaúsa is a Brazilian multinational conglomerate holding company headquartered in São Paulo, Brazil.It is one of the largest private conglomerates in Brazil and in the world. [2]
Salles has been unofficially involved with Unibanco since birth, since the bank was headed for several decades by his father, the late Walter Moreira Salles. Pedro joined Unibanco in 1989 and became chairman in 1997, after serving as vice chairman for almost six years. In April 2004, Salles was elected CEO.
Rede known as Redecard is a Brazilian multi-brand acquirer with 25 brands in its portfolio, for credit, debit and benefit cards. [2] Its activities include merchant acquiring, capturing, transmission, processing and settlement of credit and debit card transactions, prepayment of receivables to merchants (resulting from sales made by means of credit cards), rental of POS terminals, check ...
Unibanco branch in Natal, Rio Grande do Norte, Brazil, carrying the bank's former branding. On November 2, 2008, Unibanco and the second largest Brazilian private banking group, Banco Itaú, announced plans for a merger. [2] The merger was approved by the Central Bank of Brazil in late February 2009. As a result of the merger process, Unibanco ...
Banco Itau Paraguay S.A. was founded in 1978 as Interbanco SA. property of National Bank of Brazil. In 1995 was acquired by Unibanco Group. In 1995 was acquired by Unibanco Group. As a result of the merger between Unibanco and Banco Itaú in 2008, was renamed Banco Itaú Paraguay S.A in 2010.
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