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Home > Company Index > Banking > Banking - Latin America, Middle East & Africa > Banco Itaú S.A.

Banco Itaú S.A.
 PROFILE
Banco Itaú is the second-largest private bank in Brazil (after Bradesco). The bank offers standard retail banking services to individuals and business and commercial banking, as well as consumer credit, financial management services, leasing, and foreign exchange and trade financing. Banco Itaú also provides investment banking, securities brokerage, and insurance to its customers. In addition to some 2,500 branches in Brazil, the bank has operations in Argentina, Europe, the Cayman Islands, and New York. The company owns a stake in AOL Brazil and has acquired a majority share of rival Brazilian bank Banestado.

 COMPETITION
Banco Bradesco S.A. (BBQCY)
Banco do Estado de São Paulo S.A. (BESP)
Unibanco - Uniao de Bancos Brasileiros S.A. (UBB)

 DEALS
Deal: AOL Latin America Obtains $150 Million in Financing
Date Announced: 04.03.01
Value of transaction (US $Mil): 150
Description: AOL Latin America will get $150 million from AOL, Cisneros Group and Banco Itau.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,564.20
1-Yr. Sales Growth: (15.5)%
Employees: 47,524
Revenue per employee: $96,039.90

 KEY PEOPLE
• Roberto Egydio Setubal
    CEO
• Henri Penchas
    CFO

 CONTACT INFO
Rua Boa Vista, 176
01014-919 Sao Paulo, Brazil
Phone: 55-11-237-3000
Fax: 55-11-5582-1133
Online: Web Site

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