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ITAÚ UNIBANCO HOLDING S.A.: MATERIAL FACT – Projections

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

SAO PAULO, Feb. 6, 2018 /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 2018 in accordance with the provision in item 11 (“Projections”) of the Reference Form. The projections already include Citibank’s retail operations in Brazil in 2017 and 2018 (*).

https://www.itau.com.br/_arquivosestaticos/RI/pdf/pt/Projecoes_-_Ingles.pdf

1  Also 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 is noteworthy mentioning that for 2018 the Company considers, for management purposes, a cost of capital of around 13.5% 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.

Alexsandro Broedel Lopes
Group Executive Finance Director and Investor Relations Officer
(*) Appendix: Income Statement and Credit Portfolio 2017 including Citibank

View original content:http://www.prnewswire.com/news-releases/itau-unibanco-holding-sa-material-fact–projections-300594173.html

SOURCE Itau Unibanco Holding S.A.

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