Itaú Unibanco
 | |
| Company type | Sociedade Anônima |
|---|---|
| B3: ITUB3, ITUB4 NYSE: ITUB | |
| Industry | Banking, Financial services |
| Founded | 2008 |
| Headquarters | São Paulo, Brazil |
Area served | Worldwide |
Key people | Roberto Egydio Setubal, (CEO) Pedro Moreira Salles, (Chairman) |
| Products | Banking Investment banking Private equity Asset Management Private banking Insurance Retail Banking Credit cards |
| Revenue |  US$ 56.1 billion (2014)[1] |
| US$ 8.1 billion (2014) [2] | |
| Total assets | US$ 419.4 billion (2014) [3] |
Number of employees | 95,700 |
| Parent | Itaúsa |
| Subsidiaries | Rede Itaú CorpBanca Banco Itaú Argentina Banco Itaú Paraguay Banco Itaú Uruguay |
| Website | Itauunibancoir.com |
Itaú Unibanco is a Brazilian publicly quoted bank with headquarters in São Paulo, Brazil. The bank is the result of the merger of Banco Itaú and Unibanco, which occurred on November 4, 2008 to form Itaú Unibanco Holding S.A, the largest financial conglomerate in the Southern Hemisphere and is the 10th largest bank in the world by market value. The bank its listed at the BM&F Bovespa in São Paulo and in NYSE in New York. It currently is the second biggest Brazilian bank by assets, after Banco do Brasil.
Itaú Unibanco owns Rede, the second largest Brazilian card payment company. Itaú Unibanco accounts for about 11% of the Brazilian market for retail banking services. It has operations in Argentina, Chile, Paraguay and Uruguay in South America, as well as in the United Kingdom, Luxembourg and Portugal in Europe, United States, Japan, China, Hong Kong and United Arab Emirates in Asia. It is the most important subsidiary of Investimentos Itaúsa, a large conglomerate that ranks among Fortune magazine's top 500 corporations in the world. The bank has offices in Asuncion, Buenos Aires, Cayman Islands, Dubai, Hong Kong, Lisbon, London, Luxembourg, Montevideo, Nassau, New York City, Santiago, Shanghai and Tokyo On August 22, 2009, Itaú Unibanco and insurance company Porto Seguro disclosed that they had entered into an alliance.[4]
The alliance aims to combine their residential and automobile insurance operations and includes an Operating Agreement under which the alliance will have exclusive access to offer and distribute homeowner and auto insurance products to clients of Itaú Unibanco's branch network in Brazil and Uruguay (“Alliance”). Currently the bank has over 32,956 service points being 4.495 bank branches and 27.981 ATMs in Brazil and in the world.
Recent news
In September 2006, Itaú bought the BankBoston assets in Brazil, Chile and Uruguay. In June 2013, the bank agreed to buy Citibank Uruguay’s retail banking operations.[5]
The bank also owns and operates an Embraer Legacy 650 aircraft (as of August 2016).[6]
See also
List of companies paying monthly dividends
References
- ^ Forbes http://www.forbes.com/companies/itau-unibanco-holding/.
{{cite news}}: Missing or empty|title=(help) - ^ Itaú Unibanco 2011 net income R$ 14.6/US$8.4Billion with R$1.00 = USD 0.53 in 31/12/2011
- ^ Itaú Unibanco 2011 Total assets of R$ 851.3/ US$492.0 Billion, with R$1.00 = USD 0.53 in 31/12/2011
- ^ "Latest Merger Could Redraw Brazil's Insurance Map". The Wall Street Journal. Retrieved 2009-08-24.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) [dead link] - ^ Natalia Gómez (28 June 2013). "Itaú Unibanco agrees to buy Citi Uruguay's retail bank unit". Reuters.
- ^ "Global Airline Guide 2016 (Part One)". Airliner World (October 2016): 7.
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External links
- Itaú International Global Website
- Template:Pt icon Banco Itaú Brazilian Website
- Template:Es icon Banco Itaú del Buen Ayre Argentine Website
- Template:Pt icon Itaú Unibanco Holding S.A. Investor Relations Brazilian Website
