ITAÚ UNIBANCO - Projections
MATERIAL FACT
SÃO PAULO, Aug. 7, 2023 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Resolution no. 44/21 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has released its revised projections for the year 2023 in accordance with the provision in item 03 ("Projections") of the Reference Form.
Consolidated | |||||||
previous | reviewed | ||||||
total credit portfolio¹ | growth between | maintained | |||||
financial margin with clients | growth between | maintained | |||||
financial margin with the market | between | maintained | |||||
cost of credit² | between | maintained | |||||
commissions and fees and results | growth between | growth between | |||||
non interest expenses | growth between | maintained | consolidated efficiency ratio below | ||||
effective tax rate | between | between | |||||
(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. |
It's important to mention that, as of the third quarter of 2023, the Company considers in the management purposes a cost of capital of around
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, August 07th, 2023
Renato Lulia Jacob
Group Head of Investor Relations and Market Intelligence
Contact:
Itaú Unibanco – Comunicação Corporativa
Telefone: (11) 5019-8880 / 8881
E-mail: imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.