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nice to meet you, we are Itaú Unibanco!

Over 99 years, we have built our history, which has been marked by a number of mergers, acquisitions and partnerships that have shaped us into a universal bank. Against a backdrop of intense technological and regulatory changes and a market scenario with new players and different service demands, we are constantly innovating, keeping a careful eye on diversity and laser focus on clients and continuous learning. Our purpose is to stimulate people’s power of transformation.

Our vision is to be the leading bank in sustainable performance and customer satisfaction.

our history_

1924
João Moreira Salles founds Casa Moreira Salles in the city of Poços de Caldas(MG), a regional financial and coffee growing center at the time, as an extension of the family’s businesses related to the sale of coffee.
1933
Walther Moreira Salles takes over, at the age of 21, the Casa Bancária Moreira Salles, which offered financial services mainly to the region’s coffee growers.
1940
The name of the institution is changed to Banco Moreira Salles.
1943
Foundation of Banco Central de Crédito by Alfredo Egydio de Souza Aranha in São Paulo with the opening of the first branches in 1945 in São Paulo, Campinas and São João da Boa Vista.
1961
The Banco Federal de Crédito acquires the Banco Paulista de Comércio.
1962
Opening of the first branch in Rio de Janeiro.
1964
Association of Banco Federal de Crédito with Banco Itaú S.A., from the Itaú de Minas in the State of Minas Gerais, and the name of the institution is changed to Banco Federal Itaú S.A.
1966
Banco Federal Itaú launches Brazil’s first investment bank the Banco Federal Itaú de Investimentos. In the same year, it associates with Banco Sul Americano do Brasil.
1967
Merger with Banco Agrícola Mercantil, from the State of Rio Grande do Sul, and the name of the institution is changed to União de Bancos Brasileiros, Unibanco. Its head office was transferred to Rio de Janeiro and the bank had 330 branches in ten states.
1969
Acquisition of Banco da América S.A.
1970
Acquisition of Banco Aliança for the purpose of expanding the institution’s operations in the Northeastern region.
1973
The name of the institution is changed to Banco Itaú S.A., adopting the logo that is used to this day. At the time, it was Brazil’s second largest bank in volume of deposits and the first in number of branches, with 468 points of service.
1974
Acquisition of Banco União Comercial S.A.
1979
Creation of Itautec.
1980
Opening of the first two foreign branches, in New York and Portugal.
1983
The head office of Unibanco is transferred to São Paulo.
1994
Creation of Banco Itaú Europa S.A.
1995
Creation of Brazil’s first bank without branches, Banco1.net, with transactions exclusively via the Internet, phone or ATMs. In the same year, Banco Nacional is acquired.
1997
Acquisition of Banerj.
1998
Acquisition of Banco del Buen Ayre S.A. in Argentina and its name is changed to Banco Itaú Buen Ayre. In the same year, in Brazil, it acquires Bemge (Banco do Estado de Minas Gerais).
1999
Acquisition of Fininvest, a financial solutions and credit card company.
2000
Acquisition of Banco Bandeirantes and Banestado.
2001
Acquisition of BEG (Banco do Estado de Goiás)
2002
Acquisition of the wholesale bank BBA Creditanstalt S.A., giving rise to Banco Itaú BBA, which became the wholesale division of Itaú Unibanco. Acquisition of Banco Fiat S.A., Brazil’s largest bank linked to carmakers.
2003
Acquisition of AGF Brasil Seguros.
2004
Restructuring of the institution after Pedro Moreira Salles had become the CEO, with changes in the brand, strategy and market positioning. Foundation of Taí, a financial company of Banco Itaú intended to offer credit to the low-income population, and of Financeira Itaú CBD S.A., which offered financial services to the clients of CBD (current Pão de Açúcar) with exclusiveness.
2006
Establishment of a partnership with Lojas Americanas similar to the partnership established with the Pão de Açúcar Group.
2008
Merger of Banco Itaú with Unibanco, giving rise to Itaú Unibanco S.A., Brazil’s largest private bank.
2009
Association with Porto Seguro for the offer of vehicle and residential insurance.
2012
Itaú Unibanco takes over the control of Redecard and closes its capital on Bovespa. In the following year, the company changes its name to Rede.
2013
Acquisition of Credicard, which was jointly created in 1970 by Citibank, Itaú and Unibanco.
2014
Merger of Itaú Chile with CorpBanca, giving rise to Itaú CorpBanca, which became Chile’s fourth largest bank at the time.
2015
Acquisition of a 50% interest in ConectCar, with its management shared between Itaú Unibanco and the Ultra Group. In the same year, it also acquires Recovery, an asset recovery company of BTG Pactual.
2016
Acquisition of Citibank’s retail operations in Brazil.
2017
Acquisition of a 49.9% interest in XP Investimentos, one of Brazil’s largest independent investment brokerages.
2019
In an attempt to accelerate its digital transformation, Itaú acquires Zup, a technology service company.
2020
Acquisition of the Verbank Securities brokerage (Paraguay), whose name was changed to Itaú Investe. Acquisition of an interest in the Fintech Quanto.
2021
Incorporation of Itaú Unibanco Asset Management Ltda. Acquisition of Itaú Seguros Paraguay S.A. Constitution of IUPP, a new shopping platform with Itaú’s points program. Corporate reorganization of the Itaú Conglomerate’s interest in the capital of XP Inc. To build a global economy with net zero greenhouse gas emissions, Itaú Unibanco adhered to the Net-Zero Commitment by 2050. Increase of its total interest from 55.96% to 65.62% in the capital of Itaú CorpBanca.
2022
Ideal Holding Financeira S.A. acquisition. Creation of strategic partnership with TOTVS TECHFIN S.A. Strategic participation in Avenue Partial spin-off of Banco Itaucard S.A.
2023
Creation of the IGA.
1924 to 1960
1961 to 1966
1967 to 1973
1974 to 1983
1994 to 1998
1999 to 2002
2003 to 2008
2009 to 2014
2015 to 2019
2020 to 2023

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our presence_

products, trademarks, and partnerships_

We are the largest Brazilian private bank in market value and the most valuable brand in Latin America, valued at US$8.7 billion, according to Brand Finance’s 2023 Global 500 Ranking. With a vast array of industry products in Brazil and through our brands and business partnerships, we offer a wide range of services available in several channels; we are a full-service, universal bank. We grant discounts, promotions, and exclusive advantages, and offer solutions for our clients’ daily activities, forming a beyond banking ecosystem and meeting the needs of all types of individuals and corporate clients, both in Brazil and abroad.

broad product and category portfolio

stay tuned_