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Montag, 06.11.2023 17:59 von | Aufrufe: 23

ITAÚ UNIBANCO MATERIAL FACT: PROJECTIONS

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PR Newswire

SAO PAULO, Nov. 6, 2023 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco" or "Company"), in compliance with the provisions in Article 157, paragraph 4 of Law No. 6,404/76 and in Resolution No. 44/21 of the Brazilian Securities and Exchange Commission (CVM), informs its stockholders and the market in general that it released as of this date its updated projections for fiscal year 2023, due to the sale of the operations of Banco Itaú Argentina S.A., in accordance with item 3 ("Projections") of the Reference Form. Excluding the impacts of the sale of the operations in Argentina from the projections, we reaffirm the guidance previously disclosed.

Guidance 2023

Guidance

Itaú Argentina impact4

normalized guidance


total credit portfolio¹

growth between
6.0% and 9.0%


ARIVA.DE Börsen-Geflüster

Kurse

5,90
0,00%
Itaú Unibanco ADR Realtime-Chart

0.35 p.p

growth between
5.7% and 8.7%


financial margin with clients

growth between
13.5% and 16.5%

0.97 p.p.

growth between
12.5% and 15.5%


financial margin with the market

between
R$2.0 bn and R$4.0 bn

R$0.40 bn

between
R$1.6 bn and R$3.6 bn


cost of credit²

between
R$36.5 bn and R$40.5 bn

R$0.01 bn

between
R$36.5 bn and R$40.5 bn


commissions and fees and results
from insurance operations³

growth between
5.0% and 7.0%

0.35 p.p.

growth between
4.7% and 6.7%


non interest expenses

growth between
5.0% and 9.0%

0.96 p.p

growth between
4.0% and 8.0%

consolidated efficiency ratio below 40% and below 38% in Brazil 

effective tax rate

between
27.0% and 29.0%

0.31 p.p

between
26.7% and 28.7%


(1) Includes financial guarantees provided and corporate securities; (2) Composed of result 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. (4) Forecast of the results between August and December 2023 and the credit portfolio of 12/31/2023 of Banco Itaú Argentina S.A..


 

It is worth mentioning that the Company considers, for business management purposes, a cost of capital of approximately 14.25% p.y.

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.

Renato Lulia Jacob

Group Head of Investor Relations and Market Intelligence

Cision View original content:https://www.prnewswire.com/news-releases/itau-unibanco-material-fact-projections-301979227.html

SOURCE Itaú Unibanco Holding S.A.

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