Banco Itaú (ITAUCL) Itaú BBA | 18th LatAm CEO Conference presentation summary

Strategic positioning and vision

• Integral part of a major Latin American banking group, supporting internationalization strategy and leveraging a strong regional footprint.

• Focus on sustainable performance and customer satisfaction, aiming to be a leader in both areas.

• Emphasis on diversity, inclusion, ethics, and a client-first approach, with a culture of innovation and adaptability.

• Transformation plan implemented in Chile and Colombia, with ongoing digitalization and customer-centric initiatives.

• Strategy for 2025–2030 centers on growth, operational efficiency, digital distribution, and advanced data usage.

Business model and operations

• Offers a wide range of retail and wholesale banking products tailored to various client segments, including personal, private, and corporate banking.

• Maintains a significant presence in Chile and Colombia, with a consolidated loan portfolio representing 12% of the parent group's total.

• Branch network includes 216 locations and a workforce of nearly 7,000 employees.

• Corporate structure includes multiple subsidiaries in asset management, insurance, and financial advisory.

Financial performance and guidance

• Recurring net income reached Ch$108.9 billion in 1Q25, up 5.5% year-over-year.

• Consolidated recurring ROTE at 12.4%, with Chile at 14.8% in 1Q25, reflecting a strong recovery in profitability.

• Loan growth remains slow but consumer loans increased their share, with improved portfolio quality and lower cost of risk.

• Assets under management and demand deposits outpaced industry growth, supporting higher fee income.

• 2025 guidance expects mid-single-digit loan growth, stable margins, commissions growth of 5–10%, and cost of credit risk at the lower bound of 1.0–1.2%.