Reported 21 days ago
Itau Unibanco has revised its portfolio growth expectations upward after reporting an 18% increase in its third-quarter net recurring profit, amounting to 10.68 billion reais. The largest private lender in Latin America anticipates its credit portfolio to grow between 9.5% and 12.5%, significantly higher than previous estimates. This positive adjustment comes as the bank completes its overhaul of the personal credit segment, which has led to improved performance indicators, including a reduction in delinquency rates and an increase in return on equity.
Source: YAHOO