Itaú Unibanco Holding S.A.

What kind of company is Itaú Unibanco?

It is a publicly traded banking group and the largest bank in Brazil and Latin America, offering retail, corporate, investment banking, payments, and insurance services.

Is Itaú Unibanco publicly traded?

Yes. It trades on B3 under ITUB3 and ITUB4 and on the NYSE under ITUB via American Depositary Shares.

Who owns Itaú Unibanco?

The Moreira Salles and Ermírio de Moraes families control it through the Itaúsa holding company and IUPAR. A majority of economic shares are publicly held.

How large is Itaú Unibanco?

FY2025 figures: approximately $33.2 billion revenue, $8.8 billion net income, $559.3 billion total assets, and 92,470 employees, making it Latin America's largest bank.

Where is Itaú Unibanco headquartered?

The group is headquartered at Praça Alfredo Egydio de Souza Aranha 100 in São Paulo, Brazil.

When was Itaú Unibanco formed?

The merged group formed on November 4, 2008, when Banco Itaú (founded 1944) and Unibanco (founded 1924) combined in the largest banking merger in Southern Hemisphere history at the time.

The group's two predecessor banks have separate century-spanning roots. Banco Moreira Salles was founded in 1924 in Poços de Caldas by João Moreira Salles and grew into Unibanco, a national retail bank. Banco Itaú traces to Banco Central de Crédito, founded in 1944 and developed inside the Ermírio de Moraes industrial group into one of Brazil's largest banks through acquisitions including Banco Francês e Brasileiro.

On November 4, 2008, Itaú and Unibanco merged in what was then the largest banking deal in Southern Hemisphere history, creating a combined institution with leadership in retail banking, cards, and corporate lending. The holding entity was renamed Itaú Unibanco Holding S.A. in April 2009.

Post-merger expansion included the 2012 purchase of Credicard from Citigroup, the 2017 acquisition of Citibank's Brazilian retail operations, and the acquisition and later partial divestment of a large stake in brokerage XP. The group spent the following decade consolidating Latin American operations and shifting customers to digital channels.

Through the 2020s the strategy concentrated on Brazil and core regional markets, integrating Itaú Chile and Colombian operations, expanding the Rede acquiring platform, and restructuring toward app-based distribution as digital challenger Nubank reshaped retail banking economics. FY2025 closed with revenue near $33.2 billion, net income of $8.8 billion, and headcount of 92,470, down 3.9 percent as efficiency programs continued.

Itaú operates under intense regulatory oversight from the Central Bank of Brazil, CVM, and US regulators through its ADR program. It has been party to industry-level matters including CADE reviews of banking concentration, labor litigation typical of large Brazilian employers, and fee-practice disputes resolved through Brazilian courts.

No insolvency, bailout, or material fraud proceedings are on record. The bank's main ongoing scrutiny centers on market concentration: Brazil's banking sector is among the most concentrated globally, and regulators periodically examine pricing, payroll lending terms, and interchange economics in which Itaú is a principal player.