SÃO PAULO, Nov. 4, 2024
/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco" or
"Company"), in compliance with the provisions in Article 157,
paragraph 4 of Law No. 6,404/76 and in Resolution No. 44/21 of the
Brazilian Securities and Exchange Commission (CVM), informs its
stockholders and the market in general that it released as of this
date its revised projections for the year 2024 in accordance with
item 3 ("Projections") of the Reference Form.
|
2024
Forecast
|
Consolidated
|
Growth on a
comparable basis 4
|
Reviewed
|
|
Total credit
portfolio¹
|
Growth between
6.5% and 9.5%
|
|
Growth Between
9.5% and 12.5%
|
|
Financial margin with
clients
|
Growth between
4.5% and 7.5%
|
Growth between
5.5% and 8.5%
|
Maintened
|
|
Financial margin with
the market
|
Between
R$3.0 bn and R$5.0 bn
|
|
Maintened
|
|
Cost of
credit²
|
Between
R$33.5 bn and R$36.5 bn
|
|
Maintened
|
|
Commissions and fees
and results
from insurance operations³
|
Growth between
5.0% and 8.0%
|
Growth between
5.5% and 8.5%
|
Maintened
|
|
Non interest
expenses5
|
Growth between
4.0% and 7.0%
|
Growth between
5.0% and 8.0%
|
Maintened
|
|
Effective tax
rate
|
Between
29.5% and 31.5%
|
|
Maintened
|
|
(1) Includes financial
guarantees provided and corporate securities; (2) Composed of
results from loan losses, impairment and discounts granted; (3)
Commissions and fees (+) income from insurance, pension plan and
premium bonds operations (-) expenses for claims (-) insurance,
pension plan and premium bonds selling expenses; (4) Considers pro
forma adjustments in 2023 of the sale of Banco Itaú Argentina; (5)
Core expenses below inflation. Calculated based on Brazil core
expenses.
|
It is important to mention that since July/24 the company has
been considering a cost of capital of around 14.0% p.y. in the
management of its businesses.
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 international markets. Therefore, our effective
results and performance may differ from those forecasted in this
prospective information.
São Paulo – SP, November 04,
2024.
Gustavo Lopes
Rodrigues
Investor Relations Officer
CONTACT:
Itaú Unibanco
Comunicação Corporativa
Phone: (11) 5019-8880 / 8881
E-mail: imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.