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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.
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]
Later, in 1972, the bank purchased Banco de Chillán and, in 1975, Banco de Valdivia. In November 1975, CORFO sold shares to private businessmen who took control of the bank the following year. After a period of growth, in 1980 Banco de Concepción was redefined as a nationwide bank; it changed its name to Banco Concepción and moved its ...
Itaúsa is a Brazilian multinational conglomerate holding company headquartered in São Paulo, Brazil.It is one of the largest private conglomerates in Brazil, and one of the largest in the world. [2]
Banco do Estado do Ceará (BEC); acquired by Banco Bradesco; Banco do Estado de Goiás (BEG); acquired by Banco Itaú; Banco do Estado do Maranhão (BEM); acquired by Banco Bradesco; Banco do Estado de Minas Gerais (Bemge); acquired by Banco Itaú; Banco do Estado da Paraíba (Paraiban); acquired by Banco Real, now Santander Brasil
Banco de la Republica Oriental del Uruguay, ... Bank of Sierra Leone, Freetown, ... Itau Unibanco Holding S.A., São Paulo, Brazil; Ivory Bank, ...
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 Itaú Chile was one of the largest Chilean banks and a subsidiary of Brazilian bank Itaú Unibanco, was founded in 2006, as Bank Boston in Chile. Itaú Unibanco boughtin 2006 the Bank Boston's operation and changed its brand to Itaú. In September 2011 Banco Itaú Chile announced the purchase of operations of British bank HSBC in Chile. [1]