PROJECT

Projects

Summary of Proposed Investment

Project Number

20933

Company Name

ITAU UNIBANCO SA

Date SPI Disclosed

Aug 18, 2003

Country

Brazil

Industry

Financial Markets

Projected Board Date

Sep 18, 2003

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Oct 3, 2003
Signed : Nov 7, 2003
Invested : Jul 24, 2006

Project Description

Unibanco - União de Banco Brasileiros S.A (Unibanco, bank or the company) is one of the leading Brazilian private financial groups (third largest private sector banking group by assets) with a strong position in most financial product areas. The bank has historically exhibited good profitability and has a strong balance sheet, a diversified loan risk portfolio, and has maintained adequate asset quality ratios – even during the recent period of domestic and international market volatility. The purpose of the project is to assist Unibanco in its external funding strategy.

Sponsor / Cost / Location

Development Impact