The key indicators and characteristics of Itaú Unibanco
in total assets
service points, including branches and banking services outlets
Basel Ratio
On November 3, 2008, Itaú and Unibanco, two Brazilian financial institutions, announced to the market that they were merging their operations.
This merger created Itaú Unibanco Banco Múltiplo, the largest privately controlled bank in the Southern Hemisphere and one of the 20 largest banks in the world, by market value.
The size of the new institution, plus the potential gains from scale and existing synergies between the activities of Itaú and Unibanco, will contribute to the sustainability of its business, increase its capability to grant credit to businesses and individuals and enable it to compete globally. The main challenge is the total integration of all Itaú and Unibanco operations, while preserving service quality and both banks’ leading roles in the national market. Once this step has been accomplished, the new bank will move ahead with international expansion, focusing on emerging markets.
Since the Central Bank of Brazil’s approval of the merger, on February 18, 2009, Itaú and Unibanco customers are gradually being provided with access to the customer service network of both institutions in every region of Brazil, the United States and other countries in Latin America, the Caribbean, Europe and Asia. Under the terms of the merger the branch network will be retained, while staff talents from both banks will be used, allowing stockholders to become part of a more robust and profitable business.
The year 2009 marks the onset of the creation of a new corporate culture that combines the best of Itaú and Unibanco. This task is made easier by the long-standing commitment of both banks to modernization, customer and employee management standards, use of technology to gain efficiency, good corporate governance practices and a transparent relationship with all stakeholders.
The new bank is the sum of the tradition and respectability of the Itaú and Unibanco brands. All decisions related to the organization’s brand name will be undertaken after comprehensive market research with customers.
In 2008, consulting firm Interbrand named Itaú as the most valuable brand in Latin America, valuing it at R$10.55 billion.
According to the firm, the factors that contributed most to the value of the Itaú brand included steadily growing financial results, the ongoing consolidation of its operations as a universal bank under the Itaú brand and its strong performance in sustainability-related areas. The successful incorporation of BankBoston in 2006 was also identified as a major factor in brand value growth in recent years.
Unibanco is the ninth most valuable brand name in Latin America, valued by Interbrand at R$4.77 billion. This represents a 640% increase over the past four years, based on the company’s own criteria. A higher operating margin, the performance of Instituto Unibanco , which focuses on bringing young people into the labour market, and the bank’s cultural policy contributed to this result.
Interbrand’s research evaluates the effect of a brand on company value. In addition to financial strength and earnings potential, brand value is measured by a company’s degree of internationalization, investment in sustainability and interaction with end consumers. The Interbrand survey assesses 50 companies that are either publicly traded or which regularly disclose their financial information to the market.
Itaú is also on the list of the world’s 35 most valuable brands among financial institutions. According to a survey by Brand Finance, a consultancy, the Itaú brand was worth US$5.953 billion prior to the merger with Unibanco.
CAGR: 27.4%, since 2003
CAGR: 29,0%
* Includes endorsements and sureties
CAGR: 18,0%
CAGR: 20.3%
* 2003-2007, Itaú only
The institutions that comprise Itaú Unibanco feature convergent management principles and models. The compatibility between their cultures – evidenced by the Itaú Way and the Unibanco Way – are helping us build a new corporate culture.
Itaú Unibanco was created with the vision of becoming the Southern Hemisphere’s financial industry leader and a major player in the international market. At December 2008 Bloomberg ranked the bank 12th in the world by market value and first in Latin America. Bloomberg also ranked Itaú Unibanco 7th among number of ADRs traded on the New York Stock Exchange (NYSE), with daily average trades of US$347.8 million.
|
December 31, 2008 (in US$ millions) |
Assets |
Net Equity |
|---|---|---|
|
Overseas branches |
18,395 |
3,891 |
|
Itaú Argentina |
1,081 |
105 |
|
Itaú Bank |
4,670 |
563 |
|
Itaú Europe |
10,729 |
581 |
|
Itaú Chile |
5,097 |
681 |
|
Itaú Uruguay |
1,392 |
142 |
|
Unibanco companies |
13,449 |
2,041 |
|
Other companies overseas |
654 |
590 |
|
Consolidated overseas * |
50,811 |
8,553 |
* Net of consolidation eliminations.
Itaú Unibanco is active in key markets worldwide, with branches and subsidiary banks in Europe, the United States, Asia, and the Caribbean, while its Latin America operations include every Mercosur country. With the merger the new bank will offer even greater support to Brazilian companies with business abroad.
|
Total in Brazil |
Itaú |
UBB |
Total |
|---|---|---|---|
|
Branches + PABs |
3,375 |
1,231 |
4,606 |
|
ATMs |
22,877 |
7,128 |
30,005 |
Customers in Itaú Unibanco’s many financial services segments now have access to branches, banking services outlets (PABs) and ATMs in more than 1,100 cities and towns across Brazil.
|
North Region |
Itaú |
UBB |
Total |
|
Branches + PABs |
98 |
17 |
115 |
|
ATMs |
477 |
91 |
568 |
|
Northeast Region |
Itaú |
UBB |
Total |
|
Branches + PABs |
161 |
97 |
258 |
|
ATMs |
1,147 |
542 |
1,689 |
|
Midwest Region |
Itaú |
UBB |
Total |
|
Branches + PABs |
280 |
58 |
338 |
|
ATMs |
1,302 |
307 |
1,609 |
|
Southeast Region |
Itaú |
UBB |
Total |
|
Branches + PABs |
2,219 |
909 |
3,128 |
|
ATMs |
16,694 |
5,179 |
21,873 |
|
South Region |
Itaú |
UBB |
Total |
|
Branches + PABs |
617 |
150 |
767 |
|
ATMs |
3,257 |
1,009 |
4,266 |
|
Consumer Credit Outlets* |
|
|---|---|
|
389 |
Own stores |
|
14,295 |
Points-of-sale |
|
341 |
Kiosks and mini-stores |
|
657 |
Electronic service points |
* See map for distribution by region
|
Itaú and Unibanco Seguros |
|
|---|---|
|
16,000 |
Active brokers |
|
13 |
Branch offices |
|
40 |
Broker service outlets |
|
21 |
Service outlets |
|
30 |
Quick service centres |
