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Itaú Unibanco Holding S.A. has appointed Milton Maluhy Filho as the new Chief Executive Officer, effective February 2, 2021. He replaces Candido Bracher, who is stepping down due to age limits. The executive transition will last three months, allowing for a smooth handover. Milton, who has been with the company since 2002, has held various key positions, showcasing his extensive experience. The Board of Directors expressed confidence in Milton's capabilities to lead the bank through crucial times.
Itaú Unibanco Holding (Ticker: ITUB) will release its 3rd quarter 2020 results on November 03rd after market close in Brazil and the United States. Teleconferences are scheduled for November 04th, with Portuguese at 08:00 AM EDT and English at 09:30 AM EDT. The presentation will include insights from executives, including the CEO and CFO, and will be available for replay until November 10th. More details can be found on the Investor Relations website.
Itaú Unibanco Holding S.A. has reached a significant milestone, increasing its stockholders by 108% to 500,000 since December 2019. This growth reflects the bank's sustainable performance, solidifying its position as the largest private financial institution in Latin America. As of June 2020, Itaú Unibanco's shares are traded on B3 and NYSE, with a daily average trading volume of R$2.0 billion and a market value of R$251 billion. The bank emphasizes its commitment to transparency and enhancing shareholder relations.
Itaú Unibanco Holding S.A. has announced the approval by its Board of Directors for the payment of interest on capital totaling R$0.0529 per share. This will be disbursed on August 26, 2020, based on stockholding positions recorded on August 17, 2020. After a 15% income tax withholding, shareholders will receive a net interest of R$0.044965 per share, except for corporate shareholders that are exempt. Dividends and interest will be paid equally to common (ITUB3) and preferred (ITUB4) shares, in compliance with national regulations.
Itaú Unibanco Holding has released a report detailing the differences in its financial statements under BRGAAP and IFRS for mid-2020. The transition to IFRS 9, effective January 2018, impacts the classification and measurement of financial assets. As of June 30, 2020, total assets were reported at R$ 1,954,009 million under IFRS, adjusted from R$ 2,075,122 million. Total stockholders' equity under IFRS stood at R$ 142,933 million, compared to R$ 137,818 million under BRGAAP. The report highlights key adjustments and the implications of the switch to IFRS for investors.
Itaú Unibanco Holding S.A. has released its Complete Financial Statements and Management Discussion for Q2 2020, ending June 30, 2020. These documents are now accessible on their Investor Relations website. Moreover, the company will host conference calls regarding the results on August 4, 2020, with sessions in both Portuguese and English. These meetings will provide insights into the company's financial performance and future projections.
On July 28, 2020, Itaú Unibanco Holding S.A. announced that it will disclose its quarterly results on August 3, 2020, after the closing of stock markets in Brazil and the United States. Investors are invited to participate in teleconferences scheduled for August 4, with sessions in both Portuguese and English. The company provides access codes for participants and mentions that the conference calls will be archived for later listening. Detailed information is available on its Investor Relations website.
Itaú Unibanco Holding S.A. (B3: ITUB4, ITUB3; NYSE: ITUB) announced it will release its quarterly results on August 3rd, 2020, after the Brazilian and US stock markets close. Following this, investors are invited to participate in teleconferences scheduled for August 4th, 2020, at 09:00 AM EDT for Portuguese and 10:30 AM EDT for English. The presentations will be available on the Investor Relations website, and archived audio replays will be accessible until August 10th, 2020.
Itaú Unibanco has released its Integrated Annual Report 2019, detailing operational performance and strategic actions to enhance customer satisfaction. The report incorporates Sustainability Accounting Standards Board (SASB) indicators, aligning with key ESG parameters. A significant update is the integration of the Sustainability Report within the Annual Report, consolidating essential ESG information. It outlines measures taken during the pandemic to ensure employee and customer safety while managing risks effectively. The full report is available in both English and Portuguese at Itaú's website.
