SAO
PAULO, Nov. 6, 2023 /PRNewswire/ -- Itaú
Unibanco Holding S.A. ("Itaú Unibanco" or "Company"), in compliance
with the provisions in Article 157, paragraph 4 of Law No. 6,404/76
and in Resolution No. 44/21 of the Brazilian Securities and
Exchange Commission (CVM), informs its stockholders and the market
in general that it released as of this date its updated projections
for fiscal year 2023, due to the sale of the operations of Banco
Itaú Argentina S.A., in accordance with item 3 ("Projections") of
the Reference Form. Excluding the impacts of the sale of the
operations in Argentina from the
projections, we reaffirm the guidance previously disclosed.
Guidance
2023
|
Guidance
|
Itaú Argentina
impact4
|
normalized
guidance
|
|
total credit
portfolio¹
|
growth between
6.0% and 9.0%
|
0.35
p.p
|
growth between
5.7% and 8.7%
|
|
financial margin with
clients
|
growth between
13.5% and 16.5%
|
0.97
p.p.
|
growth between
12.5% and 15.5%
|
|
financial margin with
the market
|
between
R$2.0 bn and R$4.0 bn
|
R$0.40
bn
|
between
R$1.6 bn and R$3.6 bn
|
|
cost of
credit²
|
between
R$36.5 bn and R$40.5 bn
|
R$0.01
bn
|
between
R$36.5 bn and R$40.5 bn
|
|
commissions and fees
and results
from insurance operations³
|
growth between
5.0% and 7.0%
|
0.35
p.p.
|
growth between
4.7% and 6.7%
|
|
non interest
expenses
|
growth between
5.0% and 9.0%
|
0.96
p.p
|
growth between
4.0% and 8.0%
|
consolidated efficiency
ratio below 40% and below 38% in Brazil
|
effective tax
rate
|
between
27.0% and 29.0%
|
0.31
p.p
|
between
26.7% and 28.7%
|
|
(1) Includes financial
guarantees provided and corporate securities; (2) Composed of
result 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. (4) Forecast of
the results between August and December 2023 and the credit
portfolio of 12/31/2023 of Banco Itaú Argentina S.A..
|
|
It is worth mentioning that the Company considers, for business
management purposes, a cost of capital of approximately 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.
Renato Lulia
Jacob
Group Head of Investor Relations and
Market Intelligence
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SOURCE Itaú Unibanco Holding S.A.