| Type | Sociedade Anônima |
|---|---|
| Traded as | BM&F Bovespa: ITUB3, ITUB4 NYSE: ITUB |
| Industry | Finance and Insurance |
| Founded | 2008 (merger of Itaú and Unibanco) |
| 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 |
| Revenue | US$ 71.4 Billion (2010) [1] |
| Net income | US$ 8.3 Billion (2010) [2] |
| Total assets | US$ 540.2 Billion (2011) |
| Employees | 110.000 |
| Parent | Itaúsa |
| Subsidiaries | Redecard Banco Itaú Chile Banco Itaú Argentina Banco Itaú Paraguay |
| Website | Itauunibancoir.com |
Itaú Unibanco (BM&F Bovespa: ITUB3, ITUB4 / NYSE: ITUB) is a 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 ist listed at the BM&F Bovespa in São Paulo and in NYSE in New York. Currently is the second biggest Brazilian bank by assest, afeter Banco do Brasil.
Itaú Unibanco owns the Redecard, 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 England, Luxembourg and Portugal in Europe, USA, Japan, China, Hong Kong and UAE 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, Santiago, Shanghai and Tokyo On August 22, 2009, Itaú Unibanco and insurance company Porto Seguro disclosed that they had entered into an alliance.[3]
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 5,000 bank branches and ATMs in Brazil and in the world.
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