U.S. markets open in 4 hours 58 minutes
  • S&P Futures

    4,129.00
    +4.50 (+0.11%)
     
  • Dow Futures

    32,772.00
    +35.00 (+0.11%)
     
  • Nasdaq Futures

    13,043.75
    +12.25 (+0.09%)
     
  • Russell 2000 Futures

    1,916.10
    +1.50 (+0.08%)
     
  • Crude Oil

    89.97
    -0.53 (-0.59%)
     
  • Gold

    1,805.50
    -6.80 (-0.38%)
     
  • Silver

    20.34
    -0.14 (-0.69%)
     
  • EUR/USD

    1.0216
    -0.0002 (-0.02%)
     
  • 10-Yr Bond

    2.7970
    0.0000 (0.00%)
     
  • Vix

    22.14
    +0.85 (+3.99%)
     
  • GBP/USD

    1.2094
    +0.0017 (+0.14%)
     
  • USD/JPY

    134.9500
    -0.1660 (-0.12%)
     
  • BTC-USD

    23,018.82
    -804.52 (-3.38%)
     
  • CMC Crypto 200

    535.24
    -22.11 (-3.97%)
     
  • FTSE 100

    7,480.94
    -7.21 (-0.10%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

Itaú Unibanco Holding S.A.: Material Fact: 2022 Projections

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

SÃO PAULO, Feb. 10, 2022 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Instruction no. 358/02 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has announced its projections for the year 2022 in accordance with the provision in item 11 ("Projections") of the Reference Form.


Consolidated

Brazil1



total credit portfolio2

between 9.0% and 12.0%

between 11.5% and 14.5%






financial margin with clients

between 20.5% and 23.5%

between 22.0% and 25.0%






financial margin with the market

between R$1.0 bn and R$3.0 bn

between R$0.3 bn and R$2.3 bn

the hedge of the capital ratio
with an impact of
approximately R$2 billion





cost of credit3

between R$25.0 bn and R$29.0 bn

between R$23.0 bn and R$27.0 bn






commissions and fees and results
from insurance operations4

between 3.5% and 6.5%

between 4.0% and 7.0%

considers the adjusted 2021
result excluding participation
in XP Inc.





non-interest expenses

between 3.0% and 7.0%

between 3.0% and 7.0%

efficiency ratio in Brazil below 40%
in 4Q22. Core cost nominally stable
in 2022





effective tax rate

between 30.0% and 33.0%

between 31.0% and 34.0%






recurring managerial ROE

-

-

sustainable ROE around 20%





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 14.0% per year.

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, February 10, 2022

Renato Lulia Jacob

Group Head of Investor Relations and Marketing Intelligence

Itaú Unibanco – Corporate Communication
(11) 5019-8880 / 8881 – imprensa@itau-unibanco.com.br

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/itau-unibanco-holding-sa-material-fact-2022-projections-301480372.html

SOURCE Itaú Unibanco Holding S.A.