IRR310313.pdf - Banco Itaú

R$
Shares March 31, 2013 March 31, 2012 Change
(%)
Recurring net income per share (1) 0.78 0.78 0.0
Net income per share (1) 0.77 0.76 1.3
Book value per share (1) 16.45 16.04 2.6
Number of outstanding shares (in thousands) 4,523,116 4,520,103 0.1
Dividends/Interest on capital, net per share 0.13 0.15 -10.7
Price of preferred share (ITUB4) (2) 35.68 35.00 1.9
Price of common share (ITUB3) (2) 35.88 30.45 17.8
Price of preferred share/Net income per share (annualized) 11.58 11.51 0.6
Price of preferred share/Stockholders’ equity per share 2.17 2.18 -0.6
Market value (in billions) (3)(4) 161.4 158.2 2.0
(1) Calculated based on the weighted average of the number of shares.
(2) Based on the closing quotation on the last day of the period;
(3) Calculated based on the average quotation of preferred shares on the last day of the period (quotation of average PN multiplied by
the number of outstanding shares at the end of the period).
(4) R$ 163.5 billion considering the closing quotation of common and preferred (ON and PN shares) multiplied by total outstanding
shares of each type of shares.
4) BUSINESS
Commercial Bank – At the end of the first quarter of 2013 we had 32,824 points of service throughout Brazil and
abroad, through branches, service centers (PABs) and ATMs. We offer a wide range of banking services and
products to a diversified base of individuals and companies. We have a portfolio of products to meet the needs
of our clients, offering loans, investment options and insurance, foreign exchange, brokerage, and other
services.
In Retail, we have 5 Itaú Uniclass exclusive services, with dedicated managers, investments advisory, exclusive
tellers, management services over the phone and higher credit limits.
We offer specialized services to our clients in the following segments:
• Itaú Personnalité, focused on high-end clients;
• Itaú Empresas, to meet the needs of our corporate clients; and
• Itaú Private Bank, which, with over 20 years of experience in asset management, is the largest private
bank in Latin America.
Personal credit and payroll advance loans – Noteworthy is the payroll advance loans in line with our strategy to
invest in low risk segments and resume the new economic scenario in Brazil. Our new financial institution in
partnership with Banco BMG, Banco Itaú BMG Consignado S.A., in which we hold a 70% interest, started
operations in December 2012 and is already present in the entire Brazilian territory.
Vehicles – We are the leaders in the financing of light vehicles, motorcycles and trucks in Brazil. The
performance of the automotive market in early 2013 was slightly better when compared to the same period of
2012. Since last year the high levels of default in this sector has challenged our performance. Accordingly, we
reduced the risk in this segment, which enabled us to improve the portfolio quality, with better groups of clients,
thus reducing our default levels.
Mortgage Loan – We are the leaders, among the Brazilian private banks, in mortgage loans to individuals. In the
first quarter of 2013 we carried out over 7 thousand mortgage loan operations, a 6% increase when compared
to the same period of the previous year.
Asset Management – In March 2013 we reached R$ 350.1 billion in assets under management, taking into
account the companies of Itaú Unibanco and Intrag, according to the ANBIMA management ranking, which
accounted for 14.9% of the market share. In the last twelve months, we recorded a total increase of 7.5%, and
noteworthy mentioning were the social security and fixed income funds. In addition to this strong local presence,
the area has been expanding to the international field, with professionals strategically allocated, seeking
adequate investment opportunities and solutions to global clients.
Itaú Unibanco Holding S.A. – Complete Financial Statements – Mach 31, 2013 79