Itaú is the largest Latin American bank and one of the largest banks¹ on the planet, with approximately 100,000 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 13 years. For the past four years, Itaú has been a recipient of FT/IFC Sustainable Finance Awards: elected Sustainable Bank of the Year – Emerging Markets in 2009 and 2010, Sustainable Bank of the Year in 2011 and, in 2012, Sustainable Bank of the Year – Americas.
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 reached $6,850 billion (R$ 14 billion) in 2012. Our total assets amounted to $496,415 billion (R$ 1,014.425 trillion), an increase of 19.2% in relation a 2011.
For nearly a decade now, Itaú has been the most valuable brand name in Brazil, valued at over $10,765 billion (R$22 billion) (Interbrand, 2012).
• 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 invest in the development of the people that work with us. One of the organization's principal strategic themes is meritocracy, which aims to recognize and enhance the importance of our teams in a fair and transparent organizational climate.
We aim to inspire and mobilize our stakeholders to change. In January 2012, we launched a publicity campaign inviting customers to opt for paperless, digital statements. Between January and March 2012, more than 600 thousand customers signed up for the Paperless Itaú campaign.
• Itaú's social and cultural investments came to more than $13,5 million (R$ 27,7 million) in 2012. The bank has been a pioneer in supporting art and culture since the creation of the Instituto Itaú Cultural in 1987, and Itaú currently owns one of Brazil's largest private art collections.
1 Bloomberg, December 31, 2012
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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 records assets exceeding R$1 trillion and posts top efficiency ratio
Itaú Unibanco posted recurring net income of $14.0 billion in 2012, while its total assets grew by 19.2%, to more than R$1 trillion. The bank’s efficiency ratio reached 45.5%, highest among Brazilian banks. Loan delinquencies displayed a notable downward trend in 2012, with the 90-day NPL ratio dropping to 4.8% as of December.