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Itaú Unibanco has increased its shareholding in Itaú Corpbanca from 39.22% to 53.79% as part of a capital increase process. This increase was achieved by exercising preemptive rights and acquiring additional rights from another shareholder. The capital increase is currently incomplete, and Itaú Unibanco plans to subscribe to all remaining shares in the next stage. The expected effect on Itaú Unibanco's capital ratios is deemed immaterial. The company commits to updating stakeholders on further developments.
Itaú Unibanco Holding S.A. announced that its Complete Financial Statements and Management Discussion for Q3 2021, ending September 30, 2021, are now accessible on its Investor Relations website. A conference call discussing these results will take place on November 4, 2021, with sessions in Portuguese at 08:00 a.m. (EDT) and in English at 10:15 a.m. (EDT). This is a crucial opportunity for investors to gain insights on the bank's performance.
SÃO PAULO, Nov. 3, 2021 /PRNewswire/ -- Itaú Unibanco announced the results for the 3rd quarter of 2021, set to be disclosed on November 3 after B3 and NYSE trading hours. Investors can participate in conference calls on November 4, with Portuguese calls scheduled for 08 a.m. (EDT) and English at 10:15 a.m. (EDT). Further details can be accessed through the investor relations website or by contacting their investor relations team directly.
Itaú Unibanco will disclose its Q3 2021 financial results on November 3, after trading hours on B3 and NYSE. A conference call will follow on November 4 at 10:15 a.m. EDT (11:15 a.m. Brasília time). This will include sessions in both Portuguese and English, providing details on the bank's performance and strategic direction. Investors can add the events to their calendars via provided links to ensure participation.
On October 14, 2021, Itaú Unibanco Holding S.A. announced its Board of Directors approved the payment of monthly interest on capital for November and December 2021. Shareholders will receive R$0.01765 per share, resulting in a net payment of R$0.015 per share after a 15% income tax withholding. Additionally, an extra interest payment of R$0.264551 per share was approved, yielding a net of R$0.224868 per share, amounting to R$2.199 million. Payments are due by April 30, 2022.
Itaú Unibanco Holding S.A. announced the approval of the merger of XPart S.A. into XP Inc. at the General Stockholders' Meetings held on October 1, 2021. Following the merger, controlling stockholders of Itaú Unibanco and ADR holders will receive Class A shares of XP, while other XPart shareholders will receive BDRs backed by XP shares. The stock prices of Itaú Unibanco will adjust by -18.69% for common shares and -17.54% for preferred shares starting October 4, 2021, affecting the opening prices significantly.
Itaú Unibanco Holding S.A. has revised its 2021 financial projections, as disclosed on August 2, 2021. The company anticipates a total credit portfolio growth of 5.5% to 9.5% in Brazil, maintaining its financial margin with clients and the market. The new forecasts include a financial margin with the market ranging from R$4.9 to R$6.4 billion and a cost of credit between R$21.3 to R$24.3 billion. The effective tax rate is projected to be between 34.5% to 36.5%, indicating a cautious outlook based on market conditions.
ITAÚ UNIBANCO HOLDING S.A. has announced the payment of interest on capital to shareholders, amounting to R$ 0.10384 per share, netting R$ 0.088264 after a 15% tax withholding. The payment is based on the stockholding position recorded on August 13, 2021, and will be made on August 26, 2021. This payment, along with previously declared amounts, totals R$ 2,159 million. The interest is applicable to both common (ITUB3) and preferred (ITUB4) shares.
Itaú Unibanco Holding S.A. announced the availability of its Complete Financial Statements and Management Discussion and Analysis for Q2 2021, ending June 30, 2021, on its Investor Relations website. Shareholders can access these documents to evaluate the company's performance during this period. Additionally, conference calls regarding the results are scheduled for August 3, 2021, at 09:00 a.m. EDT in Portuguese and at 10:30 a.m. EDT in English.
Itaú Unibanco will announce its 2nd quarter 2021 results on August 2, following the close of trading on B3 and NYSE. The conference call schedules are as follows: in Portuguese at 9 a.m. EDT and in English at 10:30 a.m. EDT on August 3. Investors can access the details through the company's Investor Relations website. For further queries, individual and institutional investors can contact provided emails or phone numbers.
