MATERIAL FACT
SÃO PAULO, Aug. 7, 2023
/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 released its revised
projections for the year 2023 in accordance with the provision in
item 03 ("Projections") of the Reference Form.
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Consolidated
|
|
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previous
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reviewed
|
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total credit portfolio¹
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growth between
6.0% and 9.0%
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maintained
|
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financial margin with clients
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growth between
13.5% and 16.5%
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maintained
|
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financial margin with the
market
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between
R$2.0 bn and R$4.0 bn
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maintained
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cost of credit²
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between
R$36.5 bn and R$40.5 bn
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maintained
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commissions and fees and results
from insurance operations³
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growth between
7.5% and 10.5%
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growth between
5.0% and 7.0%
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non interest expenses
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growth between
5.0% and 9.0%
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maintained
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consolidated efficiency
ratio below
40% and below 38% in Brazil
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effective tax rate
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between
28.5% and 31.5%
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between
27.0% and 29.0%
|
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(1) Includes financial
guarantees provided and corporate securities; (2) Composed of
results from loan losses, impairment and discounts granted; (3)
Commissions and fees (+) income from insurance, pension plan and
premium bonds operations (-) expenses for claims (-) insurance,
pension plan and premium bonds selling expenses.
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It's important to mention that, as of the third quarter of 2023,
the Company considers in the management purposes a cost of capital
of around 14.25% p.y.
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
07th, 2023
Renato Lulia
Jacob
Group Head of Investor Relations and Market
Intelligence
Contact:
Itaú Unibanco – Comunicação
Corporativa
Telefone: (11) 5019-8880 / 8881
E-mail: imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.