Group Head of Investor Relations and Marketing Intelligence
The conference calls will also be archived in audio format on the same website. To access the audio replay of the conference calls, which will be available until May 10th, 2021, dial (55 11) 3193-1012 or (55 11) 2820-4012. Access codes: 8193390# (call in Portuguese) and 1735790# (call in English). On the morning of the conference calls, the slide presentations will be available for viewing and downloading. If you have any technical issues, please contact Choruscall customer service at
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SÃO PAULO, Feb. 1, 2021 /PRNewswire/ Itaú Unibanco Holding S.A. ( Company ) announces to its shareholders and the market at large that the Complete Financial Statements and the Management Discussion and Analysis for the 4th quarter of 2020 ending December 31, 2020 are already available on the Investor Relations website (www.itau.com.br/investor-relations).
Conference calls on the result will be held on Tuesday, February 02 in Portuguese at 08:00 a.m. (EDT) and in English at 09:30 a.m. (EDT).
Renato Lulia Jacob
Contact:
Range from -2.0% to 2.0%
Effective tax rate
Range from 34.0% to 36.0%
(1) Includes units abroad ex-Latin America; (2) Includes financial guarantees provided and corporate securities;(3) Includes Result from Loan Losses, Impairment and Discounts Granted; (4) Commissions and Fees (+) Income from Insurance, Pension Plan and Premium Bonds Operations (-) Expenses for Claims (-) Insurance, Pension Plan and Premium Bonds Selling Expenses; (5) 2021 guidance does not consider XP Inc. equity result starting in February 2021.
It is noteworthy mentioning, currently, the Company considers, for management purposes, a cost of capital of around 13.0% per year.
Information on outlooks for the business, projections and operational and financial goals are solely forecasts, based on management s current outlook in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, general economic performance of the country, of the sector and the internation
Banks Close Branches in Brazil at Fastest Pace in Three Years
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(Bloomberg) Brazil’s biggest banks are closing branches at the fastest pace in three years as Covid-19 lockdowns force clients online and competition from fintechs intensifies. Company executives say there’s more to come.
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“We were already seeing an increase in the use of digital channels before the pandemic, but due to lockdowns, even clients that didn’t want to had to utilize them,” Renato Lulia Jacob, director of investor relations at Itau Unibanco Holding SA, said in an interview. “Now that branches are open again, we don’t see clients going back there.”