Established in Brasil, Banco Itaú is one of the largest banks in Latin America. Banco Itaú is a universal bank offering a wide range of retail, private, corporate and investment banking services to a broad spectrum of clients: individuals, SMEs, business entities, transnational corporations and public institutions.
Itau Bank & Trust Cayman Ltd. has Category B banking license number 91038 issued by the Cayman Islands Monetary Authority. This type of license allows Itau Bank & Trust Cayman Ltd. to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Itau Bank & Trust Cayman Ltd. failure its depositors will not get any compensation.