1924

João Moreira Salles founds Casa Moreira Salles in the city of Poços de Caldas, 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 then 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 then Banco Federal de Crédito acquires 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 city of Itaú de Minas in the State of Minas Gerais, and the name of the institution is changed to Banco Federal Itaú S.A.

1964
1966

Banco Federal Itaú launches Brazil’s first investment bank, 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.

1974
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

Banco Bandeirantes is acquired

2000

Acquisition of 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

2002

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

2004

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 CDB (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

2008
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