Itau Unibanco (ITUB) has released an update.
Itaú Unibanco reported a notable increase in its second-quarter profits for 2024, reaching R$10.1 billion, a 15.2% increase from the previous year, driven by expanded loan portfolios and higher commission and insurance operation revenues. The bank’s credit quality improved, with a decline in Non-Performing Loan ratios contributing to a 6.7% decrease in provision for loan losses. Itaú Unibanco also launched ‘One Itaú’, an initiative to enhance customer experience through its SuperApp, integrating various financial services and innovations.
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