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Itau Unibanco Holding (BSP:ITUB3) Payments to Suppliers for Goods and Services


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What is Itau Unibanco Holding Payments to Suppliers for Goods and Services?

Payments to Suppliers for Goods and Services only applicable to companies reporting Cash Flow from Operations in direct method.


Itau Unibanco Holding (BSP:ITUB3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (BSP:ITUB3) » Definitions » Payments to Suppliers for Goods and Services
Address
Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.