Itau Unibanco Holding S.A. (ITUB)

Itaú Unibanco Holding S.A. is a Brazilian publicly held financial conglomerate that provides a broad range of banking and non-banking financial services and products to individuals and corporate clients. Its history traces to 1924, when Casa Moreira Salles obtained a banking license and later became União de Bancos Brasileiros (Unibanco), and to 1943, when the Egydio de Souza Aranha family founded Banco Central de Crédito, later Banco Itaú. The two merged in 2008 in the largest merger in Brazil's history by asset value. Through Fundação Itaú (Itaú Social, Itaú Educação e Trabalho and Itaú Cultural), it also supports education, culture and productive inclusion initiatives.

The company reports three business segments. Retail covers personal loans, mortgage loans, payroll loans, credit cards, acquiring services, vehicle financing, investments, insurance, pension plans, premium bonds, consórcios and microcredit. It is divided into individual clients (Itaú Retail for monthly income up to R$7,000, Uniclass for R$7,000 to R$15,000, and Personnalité for higher-income clients, supported by 246 branches) and small and medium enterprises (Itaú Empresas, serving over 1.6 million companies with annual revenue up to R$50 million). Wholesale includes Itaú BBA (large companies and investment banking), units abroad, Private Banking, middle market and institutional clients. Activities with the Market and Corporations includes capital surplus results, financial margin with the market, treasury costs and equity pickup from companies outside Retail and Wholesale. In 2025, net operating revenue was R$112.2 billion for Retail, R$62.6 billion for Wholesale and R$9.6 billion for Activities with the Market and Corporations. Acquiring is carried out through the subsidiary Redecard, which processed R$1,025.4 billion in card transactions in 2025.

The company serves clients across Brazil and operates units in the Americas and Europe, which support foreign trade finance and Eurobond placement. It reports a 10.7% market share in loans to individuals, leadership in credit cards (24% of purchase volume and 21.4% of balances), the largest share of merchant acquiring at 22.7%, a 10.2% share of payroll loans, a 26.3% share of new mortgage loans to individuals, and a 19.9% share of private pension provisions. Mortgage products are sold through branches, digital channels, construction and real estate companies, mortgage agencies and partners. Card partnerships include Magazine Luiza, Ponto Frio, Pão de Açúcar and Assaí. Main competitors include Caixa Econômica Federal, Banco do Brasil, Banco Bradesco and Banco Santander (Brasil), as well as digital players such as Nubank, Mercado Pago and Banco Inter, and, in acquiring, Cielo, GetNet, PagSeguro and Stone.

Recent corporate activity includes acquiring control of Avenue (50.1% as of January 2026) and of Ideal (50.1% since 2023). It also agreed to acquire the remaining stakes in Financeira Itaú CBD and Banco Investcred Unibanco, and to sell certain retail assets and liabilities in Colombia and Panama to Banco de Bogotá. The company is headquartered in São Paulo, Brazil, with a Miami branch in the United States.