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In September 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay. On November 4, 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco. The institution was born with R$575 billion in assets, a net equity of around R$51.7 billion and a portfolio of combined credit of R$225.3 billion.
Banco Itaú began in 1945 under the name Banco Central de Crédito (Central Bank of Credit) and later changed its name to Banco Federal de Crédito (Federal Bank of Credit). In 1964, Banco Federal Itaú S.A. merged Banco Federal de Crédito and Banco Itaú, a rural bank belonging to a group originated in Itaú de Minas, in Minas Gerais state. [1]
Unibanco branch in Natal, Rio Grande do Norte, Brazil, carrying the bank's former branding. On November 2, 2008, Unibanco and the second largest Brazilian private banking group, Banco Itaú, announced plans for a merger. [2] The merger was approved by the Central Bank of Brazil in late February 2009. As a result of the merger process, Unibanco ...
www.itau.cl Itaú Chile is a Chilean commercial bank that is the subsidiary of Brazilian Itaú Unibanco . As of 2023 [update] , the bank had 168 branches in Chile and 68 branches in Colombia.
Banco Itaú Unibanco: São Paulo 67.8 6.6 525.2 63.7 Banking 3 160 Banco do Brasil: Brasília 42.0 3.8 368.4 34.5 Banking 4 181 Vale: Rio de Janeiro 41.8 7.8 91.5 55.4 Mining 5 223 Banco Bradesco: Osasco: 61.2 2.6 390.8 27.9 Banking 6 302 BTG Pactual: São Paulo 17.0 2.1 113.4 78.8 Financial services 7 652 Nubank: São Paulo 8.1 1.3 43.8 55.6 ...
The main companies that Itaúsa controls are Itaú Unibanco, Duratex and Alpargatas S.A. [3] The control of the company rests with the Setubal and Villela families along with the Camargo family as minority holder.
Moody's Investors Service, ("Moody's") has today taken rating actions on 28 Brazilian banks, including the upgrade of the long-term foreign currency deposit ratings of 27 of them. The rating ...
Salles has been unofficially involved with Unibanco since birth, since the bank was headed for several decades by his father, the late Walter Moreira Salles. Pedro joined Unibanco in 1989 and became chairman in 1997, after serving as vice chairman for almost six years. In April 2004, Salles was elected CEO.