IRR310313.pdf - Banco Itaú

Analysis of Segments
Commercial Banking - Retail
The revenues from the Commercial Banking - Retail segment
arise from the offer of banking products and services to a
diversified client base, including individuals and companies.
The segment includes retail, high-income and high-net worth
clients (private banking) and very small and small companies.
In the first quarter of 2013, recurring net income from the
Commercial Banking - Retail segment totaled R$1,349 million, an
increase of 1.0% from the previous quarter. This increase, which
corresponds to R$14 million, is due to the 6.5% lower losses from
loans and retained claims combined with a decrease of 1.8% in
other operating expenses, despite the decrease in the operating
revenues of 2.3%, with a 3.8% increase in service fees and a 6.2%
decrease in financial margin with clients.
The Commercial Banking – Retail segment’s return on allocated
capital reached 26.2% a year and the risk-adjusted efficiency ratio
was 79.5%.
Some additional Commercial Banking - Retail Highlights:
Geographical Distribution of Service Network (*)
Number of Branches and Client Service Branches (CSB)
North
132
Midwest
335
South
755
Southeast
3,130
Northeast
354
Total Points of Service
4,706
Service Network (*) | Individuals
Our service network covers the entire Brazilian territory and
adopts a segmentation strategy that includes structures,
products and services that are developed to meet the specific
needs of our many different clients. Our segments are: Itaú, Itaú
Personnalité and Itaú Private Bank.
Our products are available in our service network and through
the “30 Horas” electronic channels and include: current accounts,
investments, credit cards, personal loans, insurance, mortgage
loans, vehicle financing and other banking products.
At the end of the first quarter of 2013, our service network in
Brazil was comprised of 4,706 units, including regular branches
and customer-service branches (CSB). In the quarter, 9 branches
and 8 CSBs were opened.
4,671 4,680 4,701 4,694 4,714 4,719 4,731 4,706
3,759 3,768 3,820 3,826 3,844 3,848 3,855 3,847
912 912 881 868 870 871 876 859
Jun-11 sep/11 dec/11 Mar-12 jun/12 sep/12 dec/12 mar/13
(*)
Does not include branches and CSBs abroad and Itaú BBA.
Loan Portfolio
The credit portfolio totaled R$121,542 million at the end of the
first quarter, increasing 1.4% when compared to the fourth
quarter of 2012.
Consumer Credit - Retail
Revenues from the Consumer Credit segment arise from financial
products and services offered to our non-account holder clients.
In the first quarter of 2013, the segment recorded a recurring net
income of R$409 million, a 49.5% increase as compared to the
previous quarter. The growth was due to decreases of 10.2% in
losses from loans and retained claims net of recovery and of 6.1%
in other operating expenses, whose amounts were larger than
the variation of the operating revenues of the segment, which
was 3.5% lower due to the decrease of 4.5% in the financial
margin with clients, corresponding to R$107 million.
The annualized return on allocated capital was 17.5%, and the
risk-adjusted efficiency ratio reached 83.8% in the first quarter of
the year.
As of March 31, 2013, the balance of the credit portfolio totaled
R$85,267 million.
Retail Points of Service in Brazil (*) 46
Client Service Branches (CSB)
Branches
(*)
It does not include branches and CSBs abroad and Itaú BBA.
Management Discussion & Analysis
Itaú Unibanco Holding S.A.