SÃO PAULO, July 16, 2021
/PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. ("Itaú Unibanco")
announces to its stockholders that it won as of today, July 16, 2021, the bidding process promoted by
the State of Minas Gerais, as it has presented the best financial
proposal for the rendering of payroll management services, for five
years, to state public servants (active, retirees and pensioners),
and to companies that are suppliers of the State, totaling a
monthly amount of approximately R$ 4.8
The proposal establishes a payment in cash of R$ 2.4 billion for payroll management. This
payment will be recorded as "Intangible" and recognized in the
statement of income on a deferred basis.
This operation reaches 618 thousand public servants, 20% of
which concentrated in the metropolitan region of Belo Horizonte; a balance of payroll loans
portfolio of R$ 7.7 billion and; 6.3
thousand companies that are suppliers of the State.
Itaú Unibanco will allow current accounts to be opened fully
online and at new dedicated physical sites, in addition to our
branches already existing in the State. This operation falls into
the Phygital (physical and digital) strategy, which is
targeted to offering service models to the most varied client
The agreement is now on its formalization phase.
São Paulo (State of São Paulo), July 16, 2021.
Group Head of Investor Relations and Market
Itaú Unibanco – Comunicação Corporativa
/ 8881 – firstname.lastname@example.org
SOURCE Itaú Unibanco Holding S.A.