Brazilian banking: Itaú sets sights on expansion beyond Brazil

Setubal wants to buy outside Brazil; Barbosa confident that Santander Real merger will be complete within a year

Roberto Setúbal, Itaú Unibanco

“We have a very strong share of the banking system in Brazil and now we should look beyond Brazil’s borders more”

Roberto Setúbal, Itaú Unibanco

Roberto Setúbal, chief executive of Itaú Unibanco, has never been shy about showing his ambition. Following the acquisition of Unibanco in November, he is already thinking about his next move – and this time it might be cross-border.

“Since our merger with Unibanco, we believe that the next step will be a more international move, not just a local step.

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