Itaú Unibanco Holding S.A. (NYSE:ITUB) Q1 2024 Earnings Call Transcript

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But where we manage to grow and penetrate more is in the capture of wholesale of retail. Sorry that, you know, they have the big private bank, the big fortunes, natural persons. Until the high income, medium income, which is where we have more relevant pockets for investment. So we’ve grown relevantly in the last quarter of last year. It was a very strong growth of capture. And we continue to see this dynamic. So this shows first, is the correct product, correct price, experience, naturally, of investment and the value proposition. With a consultancy of investment and managers are working strongly in this capture. So I believe that this coordination has worked very well. And we have over 100% of our portfolio of retail finance. With deposits of retail itself.

Which shows that we’ve managed to naturally have a ratio and the deposit and assets very strongly. And this brings longevity, brings engagement. It has a long term relationship. And we are very happy with the advancement. And still lots to do. Nobody is comfortable here with what was done thus far.

Renato Lulia: Beauty. Last question and then we can close our session of Q&A. And also we close Milton and Broedel. Thank you for the persuasion our video conference of the results of the first quarter of ’24. Before giving the floor to Milton, I would like to reinforce once again the invitation to Etao day on June 19. You can enroll and you can submit the questions for it all day. Enrollment is open. You can take part in this day. As Milton said, we’re going to bring more details of what is behind the bank. With that, Milton, I will give the floor to you so you can close our call.

Milton Filho: [Interpreted] Thank you. Well, once again, I would like to finish thanking, once again, all of you, thank you for the participation. Reinforce the invitation that Renardo did. Thank you for Renato Broredo and another quarter. We’re very happy with the results. We are growing a 20% year-on-year bottom line growing 15%. Profitability, very solid. But more than that is that behind these numbers, there is an enormous volume of business, of relationships being developed and improved, and 100,000 youtubers that are in love for what they do. And they make us deliver this value for you, for our shareholders, for our clients, for our community. This is our long term overview. We are celebrating the 100 year anniversary, but we’re thinking about the next 100 years.

I would like to thank you for the support. The feedback is always well seen. The past performance is not a guarantee of the future performance. We are going to do the by the tournament in the bank to deliver the best bank possible, to deliver the best bank for the society and the community. I leave you with my respect and my words of solidarity to the entirety of Rio Grande do Sul. And thank you to all the collaborators for everything that we built together all through all these years. With that, I close. We will see you soon. The New York conference next year, next week, we will certainly meet several of you personally.

Renato Lulia: So we will see you in the next conference or in next week conference. Thank you very much.

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