Le Lézard
Classified in: Business
Subject: ERP

Itaú Unibanco - Material Fact - Projections


SÃO PAULO, Aug. 8, 2022 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Resolution no. 44/21 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has revised its projections for the year 2022 in accordance with the provision in item 11 ("Projections") of the Reference Form.


Consolidated

Brazil¹



previous

reviewed

previous

reviewed


total credit portfolio²

 growing between
  9.0% to 12.0%

 growing between 
15.5% to 17.5%

 growing between
11.5% to 14.5%

 growing between
19.0% to 21.0%


financial margin with clients

 growing between 
20.5% to 23.5%

 growing between
25.0% to 27.0%

 growing between
22.0% to 25.0%

 growing between
26.5% to 28.5%


financial margin with the market

range from
R$ 1.0 bi to R$ 3.0 bn

maintained

range from
R$ 0.3 bi to R$ 2.3 bn

maintained

the hedge of the capital ratio
with an impact of
approximately R$2 billion

cost of credit³

range from
R$ 25.0 bi to R$ 29.0 bn

range from
R$ 28.0 bi to R$ 31.0 bn

range from
R$ 23.0 bi to R$ 27.0 bn

range from
R$ 26.0 bi to R$ 29.0 bn


commissions and fees and results
from insurance operations4

 growing between  
3.5% to 6.5%

 growing between
7.0% to 9.0%

 growing between
4.0% to 7.0%

 growing between
7.5% to 9.5%

considers the adjusted 2021
result excluding participation
in XP  Inc

non-interest expenses

range from
3.0% to 7.0%

maintained

range from
3.0% to 7.0%

maintained

efficiency ratio in Brazil below 40%
in 4Q22. Core cost nominally stable
in 2022

effective tax rate

rate between 
30.0% to 33.0%

maintained

rate between
31.0% to 34.0%

maintained


recurring managerial ROE

-

-

-

-

sustainable ROE around 20%

capital

-

-

-

-

tier I capital above risk appetite 

(1)  Includes units abroad ex-Latin America; (2) Includes financial guarantees provided and corporate securities; (3) Composed of 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.

It's worth mentioning that the company considers, for management purposes, a cost of capital of around 14.5% 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, August 8, 2022

Renato Lulia Jacob

Group Head of Investor Relations and Marketing Intelligence

Contact:  
Itaú Unibanco ? Comunicação Corporativa
Telefone: (11) 5019-8880 / 8881
E-mail: [email protected]

SOURCE Itaú Unibanco Holding S.A.


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