mergers and acquisitions have characterized the 97 years of Itaú Unibanco
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
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
The name of the institution is changed to Banco Moreira Salles
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
The then Banco Federal de Crédito acquires Banco Paulista de Comércio
Opening of the first branch in Rio de Janeiro
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.
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
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
Acquisition of Banco da América S.A.
Acquisition of Banco Aliança for the purpose of expanding the institution’s operations in the Northeastern region
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
Acquisition of Banco União Comercial S.A.
Creation of Itautec
Opening of the first two foreign branches, in New York and Portugal
The head office of Unibanco is transferred to São Paulo
Creation of Banco Itaú Europa S.A.
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
Acquisition of Banerj
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)
Acquisition of Fininvest, a financial solutions and credit card company
Banco Bandeirantes is acquired
Acquisition of Banestado
Acquisition of BEG (Banco do Estado de Goiás)
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
Acquisition of AGF Brasil Seguros
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 CDB (current Pão de Açúcar) with exclusiveness.
Establishment of a partnership with Lojas Americanas similar to the partnership established with the Pão de Açúcar Group
Merger of Banco Itaú with Unibanco, giving rise to Itaú Unibanco S.A., Brazil’s largest private bank
Association with Porto Seguro for the offer of vehicle and residential insurance
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
Acquisition of Credicard, which was jointly created in 1970 by Citibank, Itaú and Unibanco
Merger of Itaú Chile with CorpBanca, giving rise to Itaú CorpBanca, which became Chile’s fourth largest bank at the time
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
Acquisition of Citibank’s retail operations in Brazil
Acquisition of a 49.9% interest in XP Investimentos, one of Brazil’s largest independent investment brokerages
In an attempt to accelerate its digital transformation, Itaú acquires Zup, a technology service company
Acquisition of the Verbank Securities brokerage (Paraguay), whose name was changed to Itaú Investe.
Acquisition of an interest in the Fintech Quanto
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