Itaú is the largest Latin American bank and one of the largest banks¹ on the planet, with approximately 96,000 employees and operations in 20 countries throughout the Americas, Asia and Europe. We are a universal bank with a range of services and products serving the most varied client profile – both individuals and companies of all sizes, from major transnational groups to local micro-entrepreneurs. In Brazil, we have nearly 5,000 full-service branches and 28,000 ATMs.
We are recognized for our governance practices and our management, which is focused on the generation of economic, social and environmental value. With shares trading on the São Paulo (BM&FBovespa), Buenos Aires and New York stock exchanges, our company has been a component of the Dow Jones Sustainability World Index portfolio for the past 14 years.
Our strategy is shaped by our vision, which is: To be the leading bank in sustainable performance and customer satisfaction.
For Itaú, sustainable performance means to create shared value for employees, customers, shareholders and society, to ensure the longevity of the business.
Itaú's recurring net income (excluding non-recurring effects) for 2013 totaled R$15.8 billion, a 12.8% increase from 2012, and the annualized return on average equity was 20.9%. This performance is directly related to the improvement in credit quality, as a result of higher selectivity in granting loans and higher growth in lower risk products, and to the focus on the larger offer of added-value services to customers and on cost control.
At the end of 2013, total assets amounted to R$1.11 trillion, 9.0% higher than that recorded in the previous year, and the total adjusted loan portfolio* reached R$509.9 billion, a 13.5% rise in twelve months (11.7% if the acquisition of Credicard were disregarded).
For the 10th consecutive year, Itaú was named most valuable brand, with a value estimated at R$19.3 billion – Source: Interbrand, 2013.
We seek to mitigate the impacts of our operations and therefore we take actions that stimulate the entire value chain and generate important transformations along our value chain. We do it by incorporating socio-environmental criteria in all our businesses lines: credit, investments and insurance.
We support our customers so that they have a healthier and more sustainable financial life, through our products and services, and through financial literacy programs.
Itaú's micro-credit operation fosters financial inclusion, entrepreneurship and local development in socially vulnerable communities.
We aim to inspire and mobilize our stakeholders to change.
In 2013, Itaú Unibanco strengthened its role as an agent of social transformation. Believing in social causes that support education, the democratization of access to culture, incentive to sports and urban mobility, the bank invested R$422.7 million in projects related to these “pillars”, mainly through Fundação Itaú Social, Instituto Unibanco and Itaú Cultural.
We are a bank who believes that sports can help change the world. We have supported sports since the beginning of the 1970s, when we sponsored the Itaú Cup of Brazilian Tennis. We have sponsored the Miami Open for the last six years, and still sponsor the Rio Open, the only tournament in South America to include a ATP/WTA stage. We also support the Brazilian Womens' Tennis Circuit, the only professional womens' tennis tournament in South America certified by the Brazilian Tennis Confederation and the International Tennis Federation (ITF), as well as the Tennis Institute Training Center, which is responsible for development of our talented youth.
This commitment, added to factors such as business ethical conduct, corporate governance and social, cultural and environmental responsibility, is also reflected in the bank’s being chosen to make up the 2014 Corporate Sustainability Index (ISE) of BM&FBovespa, which is aimed at acting as benchmark for socially responsible investments and a driver of goods practices in the Brazilian business environment. This is Itaú, the global Latin American bank.
1 Bloomberg, December 31, 2013.
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Itaú to sponsor Sony Open tennis for fifth consecutive year
In 2013, for the fifth consecutive year, Itaú Unibanco will serve as a sponsor for the Sony Open, considered one of the world’s top five tennis tournaments. Taking place in Miami on March 18-31, the Open will award $10.3 million to participating players. This year Itaú clients worldwide will have access to the tournament's VIP restaurant, the Champions Club, only by presenting the credit or debit card.
Itaú Unibanco improves credit quality and closes 2013 with recurring net income of R$15.8 billion
Itaú Unibanco closed 2013 with recurring net income of R$15.8 billion, a 12.8% increase in relation to the previous year. The annualized return on average equity was 20.9%. This performance is directly related to the improvement in credit quality, as a result of higher selectivity in granting loans and higher growth in lower risk products, and to the focus on the larger offer of added-value services to customers and on cost control.