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Itaú Unibanco

Itaú Unibanco Holding S.A.
Sociedade Anônima
Traded as BM&F BovespaITUB3, ITUB4
ITUB
Industry Banking, Financial services
Founded 2008; 9 years ago (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 IncreaseUS$ 56.1 billion (2014)
IncreaseUS$ 8.1 billion (2014)
Total assets IncreaseUS$ 419.4 billion (2014)
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 biggest Latin American bank by assets and market capitalization.

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.


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