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Encyclopedia > Banco Itaú

Banco Itaú it is a private-owned bank with its headquaters in São Paulo, Brazil. It is Brazil 4rd major bank, only behind Banco do Brasil, Banespa and Bradesco. The first is a public (owned by the government) bank. Landmark buildings Edifício Italia (at left) and Copan (curved façade at center), in São Paulo Downtown. ... Banco do Brasil is the main bank in Brazil. ... Banco Bradesco (Banco Brasileiro de Descontos; Bradesco Bank) is the largest private Brazil; it has more than 2,600 branches. ...


It was created in 1945, from the Banco Central de Crédito, and from then on merged with several banks including Banco Federal de Crédito, Banco Sul Americano, Banco da América, Aliança, Português do Brasil, União Comercial, Pinto de Magalhães, BFB - Banco Francês e Brasileiro, Bankers Trust New York, Banco Itaú Europa Luxembourg, Banco Del Buen Ayre, Banerj (Rio de Janeiro) (1997), o Bemge (Minas Gerais) (1998), Banestado (Paraná) (2000) e o BEG (Goiás) (2001) and Banco BBA-Creditanstalt S.A. (2002) (BBA).


Its Assets amount to R$Bi 130.4 in 2004, and R$Bi 3.8 Net Income.


Its Chairman is Olavo Egydio Setubal, and Roberto Egydio Setubal is the CEO.


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