SÃO PAULO, Feb. 2, 2021
/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú
Unibanco"), in compliance with Article 157, Paragraph 4 of Law
6,404/76 and Instruction no. 358/02 of the Brazilian Securities and
Exchange Commission, informs its stockholders and the market in
general that as of this date it has announced its projections for
the year 2021 in accordance with the provision in item 11
("Projections") of the Reference Form.
|
Consolidated
2021 Guidance
|
Brazil¹
2021 Guidance
|
|
Total credit
portfolio2
|
Growing 5.5% to
9.5%
|
Growing 8.5% to
12.5%
|
|
Financial margin with
clients
|
Growing 2.5% to
6.5%
|
Growing 3.0% to
7.0%
|
|
Financial margin with
the market
|
Range from R$4.9
bn to R$6.4 bn
|
Range from R$3.3 bn
to R$4.8 bn
|
|
Cost of
credit3
|
Range
from R$21.3 bn to R$24.3 bn
|
Range from R$19.0 bn
to R$22.0 bn
|
|
Commissions and fees
and results from insurance
operations4,5
|
Growing 2.5% to
6.5%
|
Growing 2.5% to
6.5%
|
|
Non-Interest
expenses
|
Range from -2.0%
to 2.0%
|
Range from -2.0% to
2.0%
|
|
Effective tax
rate
|
Range from 34.5%
to 36.5%
|
Range from 34.0%
to 36.0%
|
(1) Includes units abroad ex-Latin
America; (2) Includes financial guarantees provided and
corporate securities;(3) Includes 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; (5) 2021 guidance does not consider XP Inc.
equity result starting in February
2021.
It is noteworthy mentioning, currently, the Company considers,
for management purposes, a cost of capital of around 13.0% 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, February 2,
2021
Renato Lulia
Jacob
Group Head of Investor Relations and
Marketing Intelligence
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SOURCE Itaú Unibanco Holding S.A.