Banco Itau Hldg Fin SA (ITU)

Banco Itau Holding Financeira S.A. (or Itau), Brazil's second largest private bank with R$295 billion in assets (US$166 billion) at 2007 yearend, provides a broad range of traditional and nontraditional banking and financial services. The company operates through three segments: Banco Itau BBA (corporate banking), Itaubanco (retail banking for account holders), and Itaucred (retail banking for nonaccount holders). Itaubanco is the largest segment by far, contributing 64% of net income. This is followed by Itaucred, which generates 19% of net income, and Banco Itau BBA (also known as Itau BBA), accounting for roughly 17% of net income. Retail banking operations for account holders encompass the company s credit cards, asset management, insurance, and pension plan products, while nonaccount holder transactions include credit cards, products marketed outside the branch network, and credit products for the low-income population. The retail bank s clientele includes individuals, mid-sized businesses, and large corporations. While operations are locally focused in southeastern Brazil, the bank also operates internationally in North America and Europe. In Brazil, the bank had 13.4 million active customers with 2,764 branches and 23,739 ATMs at yearend 2007. Banco Itau is an industry leader in several segments of the Brazilian financial markets, particularly in the corporate and high-income clients segments. Banco Itau's main competitors in the Brazilian retail banking industry are Bradesco (a major force in the local retail industry), Unibanco (focused on the high-income segment), and Banco do Brasil (a state-owned bank).

Read full report on Banco Itau Holding Financeira S.A.- ADR

Company overview provided by

Company Products/Services/Markets:

Enter Company Products/Services Here

Strategy:

Describe Key Aspects of Company's Strategy Here

Competitors:

Enter Competitors Here

Industry Trends and News:

Enter Industry Trends and News Here

Acquisitions, Divestitures, Major Transactions, Spin-offs :

Enter Acquisitions, Divestiures, Major Transactions, Spin-offs Here

Management – Pros & Cons, Changes:

Enter Management - Pros & Cons, Changes Here

Buy Rationale:

Enter Buy Rationale Here

Sell Rationale:

Enter Sell Rationale Here