Itaú Unibanco - Material Fact - Projections
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E-mailSÃO PAULO, Aug. 8, 2022 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Resolution no. 44/21 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has revised its projections for the year 2022 in accordance with the provision in item 11 ("Projections") of the Reference Form.
Consolidated | Brazil¹ | ||||
previous | reviewed | previous | reviewed | ||
total credit portfolio² | growing between 9.0% to 12.0% | growing between 15.5% to 17.5% | growing between11.5% to 14.5% | growing between19.0% to 21.0% | |
financial margin with clients | growing between 20.5% to 23.5% | growing between25.0% to 27.0% | growing between22.0% to 25.0% | growing between26.5% to 28.5% | |
financial margin with the market | range fromR$ 1.0 bi to R$ 3.0 bn | maintained | range fromR$ 0.3 bi to R$ 2.3 bn | maintained | the hedge of the capital ratio with an impact of approximately R$2 billion |
cost of credit³ | range fromR$ 25.0 bi to R$ 29.0 bn | range fromR$ 28.0 bi to R$ 31.0 bn | range fromR$ 23.0 bi to R$ 27.0 bn | range fromR$ 26.0 bi to R$ 29.0 bn | |
commissions and fees and results from insurance operations4 | growing between 3.5% to 6.5% | growing between 7.0% to 9.0% | growing between4.0% to 7.0% | growing between7.5% to 9.5% | considers the adjusted 2021 result excluding participation in XP Inc |
non-interest expenses | range from3.0% to 7.0% | maintained | range from3.0% to 7.0% | maintained | efficiency ratio in Brazil below 40% in 4Q22. Core cost nominally stable in 2022 |
effective tax rate | rate between 30.0% to 33.0% | maintained | rate between31.0% to 34.0% | maintained | |
recurring managerial ROE | - | - | - | - | sustainable ROE around 20% |
capital | - | - | - | - | tier I capital above risk appetite |
(1) Includes units abroad ex-Latin America; (2) Includes financial guarantees provided and corporate securities; (3) Composed of result from loan losses, impairment and discounts granted; (4) commissions and fees (+) income from insurance, pension plan and premium bonds operations (-) expenses for claims (-) insurance, pension plan and premium bonds selling expenses.
It's worth mentioning that the company considers, for management purposes, a cost of capital of around 14.5% per year.
Information on outlooks for the business, projections and operational and financial goals are solely forecasts, based on management's current outlook in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, general economic performance of the country, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information.
São Paulo, August 8, 2022
Renato Lulia Jacob
Group Head of Investor Relations and Marketing Intelligence
Contact: Itaú Unibanco – Comunicação CorporativaTelefone: (11) 5019-8880 / 8881E-mail: [email protected]
View original content:https://www.prnewswire.com/news-releases/itau-unibanco---material-fact---projections-301601964.html
SOURCE Itaú Unibanco Holding S.A.
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