One strong example of this competitiveness is Itau
itself, the Brazilian bank with the largest presence abroad.
A group of investors have agreed to purchase Brazilian firm, Itau
's Chilean life insurance unit.
Colombia recently rebranded its branches in Colombia and consolidated the core banking platforms.
With this move, Itau
Unibanco continues its plan to generate value for shareholders, it explained.
Unibanco Holding SA (NASDAQ: ITUB) (ITUB4.BR), Brazil's largest private bank formed by the merger of Banco Itau
Holdings Financeira SA and Unibanco-Uniao de Bancos Brasileiros SA, has reported a net profit of BRL3.89bn (USD2.33bn), up from BRL3.2bn in the year ago period.
Unibanco Holding SA's head of Global Markets and Treasury, Christian Egan, said foreign investors are awaiting the passing of the pensions overhaul to invest, particularly in areas such as infrastructure.
Colombia's LT Local and Foreign Currency IDRs are driven by its 'bbb-' Viability Rating (VR).
has put in a firm offer for Credicard, an Itau
spokesman told Reuters.