"The 2010 Euromoney Guide to Private Banking in Latin America": an outstanding recognition of Itaú's growing role in the private banking industry

Euromoney, the world's most prestigious financial publication, introduces "The 2010 Euromoney Guide to Private Banking in Latin America".

Produced and published by Euromoney magazine in association with Itaú Private Bank, the study is a comprehensive and updated overview of the private bank market in Latin America.

The Guide contains exclusive interviews with our heads and recognizes the outstanding position occupied by Itaú Private Bank in the market.

In these interviews, our executives explain why the merger Itaú-Unibanco(1) was key for Itaú Private Bank to increase its capabilities to compete in equal conditions with the global players of the segment. Looking ahead, they disclose our international expansion plans and the strategies to consolidate our achievements.

"The 2010 Euromoney Guide to Private Banking in Latin America" increases Itaú's international visibility and confirms that the bank is in the right track to fully meet our clients’ expectations. You may read the interviews and access the full content of the Guide in the internet. Just click here.

(1) Itaú Unibanco is now the 12th largest bank in the world in terms of market capitalization.

Itaú Unibanco reports record income in the first quarter of 2010

Itaú Unibanco, the 12th largest bank in the world in terms of market capitalization, reported net income of R$ 3.2 billion in the first quarter of 2010, 60% higher than the same period of 2009.

The record income in the period represented a 25% return on net equity, the best performance among the three largest retail banks in Brazil (Itaú Unibanco, Bradesco and Santander, respectively).

This impressive result was due to the excellent performance of Brazilian companies at the beginning of this year and a series of positive factors, such as the good period the Brazilian economy is undergoing, the expanded loan portfolio, lower default, the reduction in expenses and synergy gains arising from the Itaú-Unibanco merger in 2008.

Itaú Unibanco's total assets came to R$ 634.7 billion in March 2010, the highest of all Latin America's private financial groups.

The loan portfolio came to R$ 284.7 billion in March 2010, an increase of 4.4% over March 31, 2009.

Shareholders equity grew by 17.8% in the period from R$ 45 billion to R$ 53 billion on March 31, 2010.

To see the complete Itaú Unibanco financial statements and the management report for this period, access the site www.itau-unibanco.com.br/ri