Search results
Results from the WOW.Com Content Network
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 , [ 2 ] and the seventy-third largest bank in the world .
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]
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.
Brazil's biggest lender Itau Unibanco Holding SA has lured 10 million consumers to its digital bank iti, tripling its client base since January, a bank executive said in an interview on Wednesday.
Higher revenues support Itau Unibanco's (ITUB) Q3 earnings. However, an increase in non-interest expenses hurt the results to some extent.
For premium support please call: 800-290-4726 more ways to reach us
Rank Bank name Total assets (2023) (US$ Billion) 1 Itaú Unibanco: 439.50 2 Banco do Brasil: 379.78 3 Banco Bradesco: 340.41 4 Caixa Econômica Federal: 300.63 5 Santander Brasil
Itau Unibanco's (ITUB) Q3 earnings improve year over year on higher operating revenues and an expanded managerial financial margin. Although expenses rise, the balance-sheet position stays robust.