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Banco Itaú is the second largest private bank in brazil.It is a bank of public type and was founded in 1945.The bank with more than 62 years of unbeatten reputation is currently headded by Roberto Egydio Setubal (CEO) and Olao Setubal(Chairman).It has its headquaters at Sao Paulo and Brazil.It mainly concentrates in Finance and Insurance.Its revenue is up by $60.0 billion USD as of 2007.The Net income is around $5,251 billions.It employs around 50,000.It is the most important affliate of Investimentos Itaú (Itaúsa),which ranks among the top 500 corporations in the world by Fortune magazine. Banco Itaú also received exclusive rights to purchase BankBoston’s operations in Chile and Uruguay. It exercised these rights and it received the necessary regulatory approvals. These two operations are now Itaú Chile and Itaú Uruguay.Its parent is Banco Itaú Holding Financeira S.A.Itaú now accounts for about 11% of the Brazilian market for retail banking services.

For further information log on to www.itau.com.br