IRR310313.pdf - Banco Itaú

Analysis of Net Income
NPL Ratio | 90 days
Coverage | 90 days
7.9% 8.1%8.0% 7.4%
7.3% 7.5% 6.9%
6.7% 6.3%6.0%5.8%
5.4% 5.9% 5.6%
5.7%5.8% 6.3%6.6%6.7% 6.7%
4.8%
4.4%
4.6%4.2%4.2%4.2% 4.5% 4.7%4.9%5.1% 5.2%5.1%
4.8%
4.5%
4.1%4.0%
3.1%
3.3% 3.5%3.5% 3.7% 3.5% 3.2%2.8%2.9% 3.1% 3.5%
3.3% 3.2% 2.9%
1.9%
166%
156% 153%
148% 147% 149%
158% 161%
35%
32% 30%
29% 30%
29% 27% 27%
41% 37% 35% 32% 32% 33% 39% 39%
89% 87% 88% 87% 87% 89% 90% 92%
Mar/09 Jun/09 Sep/09 Dec/09 Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12 Mar/13
Companies Total Individuals
Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12 Mar/13
Specific Allowance Coverage Generic Allowance Coverage Complementary Allowance Coverage
Note: The coverage ratio is derived from the division of the allowance for loans and
lease losses balance by the balance of operations more than 90 days overdue.
The NPL ratio of credits more than 90 days overdue (NPL-90)
decreased 30 and 60 basis points from the previous quarter and
the first quarter of 2012, respectively, and represented 4.5% of our
credit portfolio at the end of the first quarter of 2013. These
reductions were influenced by an improvement of 30 and 80
basis points for companies from the previous quarter and from
the first quarter of 2012. For individuals, this ratio decreased 20
basis points from the previous quarter and remained steady
when compared to the first quarter of 2012.
NPL Ratio | 15 to 90 days
10.2%
9.3%
8.6%
7.7% 8.1% 7.9%
7.5%
7.5% 7.5% 7.2% 7.2% 7.2%
6.7% 6.9% 6.5% 6.3% 6.7%
5.8%5.9%
5.2% 5.1%
4.7% 4.5% 4.7% 4.8%
4.2%
4.5% 4.3% 4.4% 4.5%
4.2%
3.9% 4.0%
3.6%
The 90-day coverage ratio reached 161% in March, 2013,
impacted by the reduction of 3.9% in the portfolio of credits
overdue for more than 90 days and the decrease of 2.0% in the
balance of allowance for loan losses that totaled R$27,188 million
in March, 2013.
Credit Portfolio Write-Offs
Write-offs from the credit portfolio totaled R$5,985 million in the
first quarter of 2013, a decrease of R$109 million from the
previous quarter and an increase of R$133 million from the first
quarter of 2012. The ratio of written-off operations to the
average balance of the credit portfolio reached 1.6% in the first
quarter of 2013, a decrease of 10 basis points when compared to
the previous quarter. No credit assignments were made in the
first quarter of 2013.
R$ million
2.5% 3.1% 2.3% 2.1%
2.5% 2.0% 2.2% 1.7%
2.4% 2.4% 2.1%
2.3% 2.3% 2.2% 1.8% 1.5%
1.9%
Mar/09 Jun/09 Sep/09 Dec/09 Mar/10 Jun/10 Sep/10 Dec/10 Mar/11 Jun/11 Sep/11 Dec/11 Mar/12 Jun/12 Sep/12 Dec/12 Mar/13
Companies Total Individuals
3,572
4,028
4,400
5,852
4,884
5,313
6,094
5,985
Short-term delinquency, measured based on the balance of
operations overdue from 15 to 90 days, increased 40 basis points
from the previous quarter, mainly due to the seasonal impact of
higher delinquency in the first months of the year.
When compared to the previous year, the short-term
delinquency decreased 80 basis points, due to the decreases of
120 basis points for individuals and of 40 basis points for
companies.
1.7%
1.7%
1.5%
1.6%
1.3%
1.4%
1.2% 1.2%
2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13
Write-Off Write-Off / Credit Portfolio (1)
(1) Average balance of the two previous quarters.
Management Discussion & Analysis
Itaú Unibanco Holding S.A.
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