Banco Itaú (ITAUCL) LarrainVial | 19th Annual Andean Conference 2025 presentation summary

Corporate profile and evolution

• Represents 13% of Itaú Unibanco's consolidated loan portfolio, with a strong regional presence in Chile and Colombia.

• Assets total Ch$42.5 trillion and loans Ch$27.9 trillion as of December 2024.

• Headcount of 6,893 and 217 branches, including international offices.

• History of mergers, acquisitions, and digital transformation, with a focus on growth and customer satisfaction from 2025 onwards.

• Emphasizes adaptability, innovation, and transparency in business practices.

Strategy and business model

• Focuses on retail and wholesale banking, offering tailored products for individuals, SMEs, and large corporates.

• Transformation plan led to sustained loan mix and digitalization, with 87% of credit card advances via web in 4Q24.

• Significant growth in deposits, AuM, and transactional products, outperforming the market in AuM growth.

• Recognized for customer centricity, leading in NPS and digital app ratings.

• Strong brand and culture, awarded as a top employer and for sustainable management.

Financial performance and highlights

• Recurring net income for 2024 reached Ch$384.6 billion, with consolidated ROTE at 11.4%.

• Financial margin with clients slightly decreased, while commissions and fees grew by 22.1% YoY.

• Non-interest expenses remained controlled, growing less than inflation and peers.

• CET1 fully loaded at 10.6%, maintaining a solid capital position above regulatory minimums.

• Guidance for 2025 expects mid-single digit loan growth, ROTE between 13%-15%, and cost of credit risk between 1.0%-1.3%.