Itaú Unibanco Holding S.A. Material Fact: 2017 Forecast

Consolidated¹

Forecast 2017

Forecast 2017

Total Credit Portfolio²

Total Credit Portfolio²

From 0.0% to 4.0%

From 0.0% to 4.0%

Financial Margin with Clients
(ex-Impairment)

+R$1.0 bn

Financial Margin with Clients⁵
(Ex-Impairment and Discounts Granted)

From -4.0% to -0.5%

From -4.2% to -0.8%

Result from Loan Losses and Impairment³

-R$1.0 bn

Cost of Credit⁶

Between R$14.5 bn and R$17.0 bn

Between R$15.5 bn and R$18.0 bn

Commissions and Fees and Result from Insurance Operations⁴

Commissions and Fees and Result from Insurance Operations⁴

From 0.5% to 4.5%

From 0.5% to 4.5%

Non-Interest Expenses

Non-Interest Expenses

From 1.5% to 4.5%

From 1.5% to 4.5%

Forecast 2017     

Reclassification

Forecast 2017

Total Credit Portfolio²

Total Credit Portfolio²

From -2.0% to 2.0%

From -2.0% to 2.0%

Financial Margin with Clients
(ex-Impairment)

+R$1.0 bn

Financial Margin with Clients⁵
(Ex-Impairment and Discounts Granted)

From -5.0% to -1.5%

From -5.2% to -1.8%

Result from Loan Losses and Impairment³

-R$1.0 bn

Cost of Credit⁶

Between R$12.5 bn and R$15.0 bn

Between R$13.5 bn and R$16.0 bn

Commissions and Fees and Result from Insurance Operations⁴

Commissions and Fees and Result from Insurance Operations⁴

From 0.0% to 4.0%

From 0.0% to 4.0%

Non-Interest Expenses

Non-Interest Expenses

From 3.0% to 6.0%

From 3.0% to 6.0%

1) Considers USD-BRL rate at R$ 3.50 in Dec-17;
2) Includes endorsements, sureties and private securities;
3) Provision for Loan Losses Net of Recovery of Loans Written Off as Losses and Impairment;
4) Commissions and Fees (+) Income from Insurance, Pension Plan and Premium Bonds Operations (-) Insurance, Pension Plan and Premium Bonds Selling Expenses;
5) Financial Margin with Clients evolution also considers the Discounts Granted reclassification in 2016;
6) Includes Result from Loan Losses, Impairment and Discounts Granted;
7) Includes units abroad ex-Latin America.

Managerial Income Statement - Consolidated

2016

2015

Managerial Financial Margin

72,121

71,442

679

0.9%

     Financial Margin with Clients

65,122

64,465

657

1.0%

     Financial Margin with the Market

6,999

6,977

22

0.3%

Cost of Credit

(25,480)

(19,804)

(5,676)

28.7%

     Provision for Loan Losses

(26,152)

(23,844)

(2,308)

9.7%

     Impairment

(1,882)

(85)

(1,797)

-

     Discounts Granted

(1,211)

(746)

(465)

62.2%

     Recovery of Loans Written Off as Losses

3,765

4,871

(1,106)

-22.7%

Net Result from Financial Operations

46,640

51,637

(4,997)

-9.7%

Other Operating Income/(Expenses)

(15,876)

(15,007)

(868)

5.8%

     Commissions and Fees

30,952

29,278

1,674

5.7%

     Result from Insurance, Pension Plan and Premium Bonds Operations

6,263

6,196

66

1.1%

     Non-interest Expenses

(46,625)

(44,426)

(2,199)

4.9%

     Tax Expenses for ISS, PIS, Cofins and Other Taxes

(6,466)

(6,056)

(410)

6.8%

Income before Tax and Minority Interests

30,765

36,630

(5,865)

-16.0%

Income Tax and Social Contribution

(8,540)

11,287)

2,748

-24.3%

Minority Interests in Subsidiaries

(75)

(1,527)

1,451

-95.1%

Recurring Net Income

(22,150)

23,816

(1,666)

-7.0%