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 Unibanco Holding S.A. has Category B banking license number 100121 issued by the Cayman Islands Monetary Authority. This type of license allows Itau Unibanco Holding S.A. 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 Unibanco Holding S.A. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Itau Unibanco Holding S.A. failure its depositors will not be paid out any compensation.
The following banks operating under Banco Itau brand name has been recently closed down: