DivestmentAug 3, 2026, 03:26 PM
Itau Unibanco completes BRL 2.5B divestment of Colombia retail ops
AI Summary
Itaú Unibanco Holding S.A. announced that its subsidiary, Itaú Colombia, has completed the transfer of its retail banking operations for individuals to Banco de Bogotá S.A. The transaction, valued at approximately BRL 2.5 billion, included BRL 9.7 billion in loan portfolio and BRL 7.2 billion in deposits. This strategic move allows Itaú Colombia to focus solely on the Corporate Banking segment, aiming to maximize return on capital, with no material impact on the Company's regulatory capital ratio.
Key Highlights
- Itaú Unibanco's subsidiary, Itaú Colombia, completed the transfer of retail banking operations to Banco de Bogotá S.A.
- The transaction involved approximately BRL 9.7 billion in loan portfolio (net of provisions).
- Approximately BRL 7.2 billion in deposits were transferred.
- The net value of the transaction is approximately BRL 2.5 billion.
- The transaction has no material impact on the Company's regulatory capital ratio.
- Itaú Colombia will now focus its operations on the Corporate Banking segment.
Price Impact
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