Itau Unibanco

About Itau Unibanco

The largest bank in Latin America by assets, formed from the 2008 merger of Banco Itau and Unibanco. Itau Unibanco has over 50 million customers and 5,000 branches in Brazil. The bank operates in 18 countries. Itau was founded by the Setubal family, which maintains controlling interest. The bank is known for sophisticated technology and conservative risk management. Itau weathered multiple Brazilian economic crises. The bank expanded across South America, acquiring banks in Chile, Argentina, and Colombia. Itau is a major lender to Brazilian agribusiness and industry. The bank is one of the few Latin American companies regularly ranked among the worlds most valuable financial institutions.