Itaú Unibanco - Material Fact - Projections
Itaú Unibanco Holding S.A. revised its 2022 projections, citing increased growth expectations across various metrics. The total credit portfolio is now projected to grow between 9.0% to 12.0% (previously 15.5% to 17.5%) for consolidated and 11.5% to 14.5% for Brazil. The financial margin with clients is estimated to grow between 20.5% to 23.5%. The company maintained its financial margin with the market and cost of credit estimates, while expecting commissions and fees to increase between 3.5% to 6.5%.
- Total credit portfolio expected to grow between 9.0% to 12.0%.
- Financial margin with clients projected to increase between 20.5% to 23.5%.
- Commissions and fees expected to rise between 3.5% to 6.5%.
- Total credit portfolio growth expectations significantly reduced from previous estimates.
- Overall financial performance may differ from forecasts due to market conditions.
SÃO PAULO, Aug. 8, 2022 /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 revised its projections for the year 2022 in accordance with the provision in item 11 ("Projections") of the Reference Form.
Consolidated | Brazil¹ | ||||
previous | reviewed | previous | reviewed | ||
total credit portfolio² | growing between | growing between | growing between | growing between | |
financial margin with clients | growing between | growing between | growing between | growing between | |
financial margin with the market | range from | maintained | range from | maintained | the hedge of the capital ratio |
cost of credit³ | range from | range from | range from | range from | |
commissions and fees and results | growing between | growing between | growing between | growing between | considers the adjusted 2021 |
non-interest expenses | range from | maintained | range from | maintained | efficiency ratio in Brazil below |
effective tax rate | rate between | maintained | rate between | maintained | |
recurring managerial ROE | - | - | - | - | sustainable ROE around |
capital | - | - | - | - | tier I capital above risk appetite |
(1) Includes units abroad ex-Latin America; (2) Includes financial guarantees provided and corporate securities; (3) Composed of result from loan losses, impairment and discounts granted; (4) 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 worth mentioning that the company considers, for 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 8, 2022
Renato Lulia Jacob
Group Head of Investor Relations and Marketing 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.
FAQ
What are Itaú Unibanco's revised projections for 2022?
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