15.5% growth in the credit portfolio was one of the main engines of this performance
It reached an impressive net profit of R $ 40.2 billion in 2024, establishing a new milestone for financial institutions listed in the Brazil Stock Exchange. This result is remarkable in both absolute terms and when adjusted by inflation, reflecting the robustness of the bank’s operation in a challenging economic scenario. One of the main engines of this performance was the 15.5% growth in the credit portfolio, which contributed significantly to the positive result.
Despite this record profit, Itaú’s shares dropped 1.20%, which may indicate a market reaction to other factors or future expectations. In addition to net income, the bank reported a management recurring profit of R $ 41.4 billion, highlighting the consistency of its financial performance. The Consulting Elos Ayta, through its CEO, stressed the importance of operational efficiency and management strategies adopted by Itaú as crucial elements to achieve these expressive results.
*Report produced with the aid of AI
Published by Matheus Oliveira
