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Itaú Unibanco Holding: Brazilian Mega Bank

December 3, 2015

Itaú Unibanco Holding SA, is headquartered in Sao Paolo, Brazil and was founded on September 9, 1944. The company was previously known as Itaú Unibanco Banco Múltiplo SA and changed its name to Itaú Unibanco Holding SA in April 2009.

As reported by Forbes magazine,Itaú Unibanco Holding SA provides a broad range of banking services to a diverse client base that includes individuals and corporate clients. The company operates through the following segments: Commercial Bank-Retail, Wholes Bank, Consumer Credit-Retail and Activities with the Market & Corporation.

The Commercial-Retail segment includes credit cards, asset management, insurance, pension plan and capitalization products, and a variety of credit products and services for individual s and small companies. The Wholesale Bank segment includes corporate and investment banking activities, including its middle-market banking business.

The Consumer Credit-Retail segment offers financial products and services to non-accountholders. The Activities with the Market & Corporation segment includes the results arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debts.

Itaú Unibanco Holding SA has over 93,000 employees and sales of more than $76 billion.

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