ITAU Unibanco Holdings S.A. is a banking company domiciled in Sao Paulo, Brazil.
The firm’s history dates back to 1924 when Unibanco was established as a diversified business. However, the present corporate entity was founded in November 2008 following a merger between Unibanco and Itau.
The Brazil-based has business operations in over 18 countries across the globe and is reportedly considered as one of the largest financial conglomerates in the Southern Hemisphere.
The publicly listed bank provides retail, deposits, corporate, private banking and commercial services. In addition to financial management services, the banking company offers a diversified suite of financial products and services like:
• consumer loans
• pension plans
• treasury services
• mortgage loans
• foreign exchange
• security brokerage services
The bank’s ADRs representing one preferred stock each is trade on the New York Stock Exchange with ‘ITUB’ ticker.
Recently in 2021, the firm claims to be among the top 2000 public companies across the world.
The banking firm also provides digital banking solutions through its platform of applications like Itau Card App, Itau Companies App, Itau App, Itau Light App, etc.
The bank says provides various options for diversifying one’s portfolio and pre-approved credit card for unforeseen events. The suite of online banking services include balance check, transfer, credit cards, insurance, loans, renegotiation with special conditions, and various investment opportunities starting with from just US$1, the Brazilian bank claims.
Furthermore, it claims to aid customers in generating income, value creation and international diversification through medium-and-long term investments. ITAU Unibanco also provides various service packages as such as standardized and commercialized packages.
In 2020, the Brazilian government launched Pix, an instant payments system. The significant lenders of the app includes ITAU Unibanco and Banco Santander among others, who hold nearly 80 per cent of the total assets. The instant payments systems allow the customers to make money transfers in up to 10 seconds at any time, the firm claims. In addition, it claims that the individual transactions are free from charges on the app.