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Related parties
 12 Months Ended
Dec. 31, 2023
Related Parties  
Related parties

Note 31 - Related parties

Transactions between related parties are carried out for amounts, terms and average rates in accordance with normal market practices during the period, and under reciprocal conditions.

Transactions between companies and investment funds, included in consolidation (Note 2c I), have been eliminated and do not affect the consolidated statements.

The principal unconsolidated related parties are as follows:

    •   Parent companies: IUPAR, E. JOHNSTON and ITAÚSA.

    •   Associates and joint ventures: of which stand out: Biomas Serviços Ambientais, Restauração e Carbono S.A.; BSF Holding S.A.; Conectcar Instituição de Pagamento e Soluções de Mobilidade Eletrônica S.A.; Kinea Private Equity Investimentos S.A.; Olímpia Promoção e Serviços S.A.; Porto Seguro Itaú Unibanco Participações S.A.; Pravaler S.A. and Tecnologia Bancária S.A.

    •   Other related parties:

    •   Direct and indirect equity interests of ITAÚSA, in particular: Aegea Saneamento e Participações S.A.; Águas do Rio 1 SPE S.A., Águas do Rio 4 SPE S.A.; Alpargatas S.A.; CCR S.A.; Copa Energia Distribuidora de Gás S.A. and Dexco S.A.

    •   Pension plans, in particular: Fundação Itaú Unibanco – Previdência Complementar and FUNBEP – Fundo de Pensão Multipatrocinado, closed-end supplementary pension entities, that administer retirement plans sponsored by ITAÚ UNIBANCO HOLDING, created exclusively for employees.

    •   Associations, in particular: Associação Cubo Coworking Itaú and Associação Itaú Viver Mais.

    •   Foundations and Institutes, in particular: Fundação Saúde Itaú; Instituto Itaú Ciência, Tecnologia e Inovação and Instituto Unibanco.

a) Transactions with related parties:

                 
ITAÚ UNIBANCO HOLDING 12/31/2023   12/31/2022
Parent companies Associates and joint ventures Other related parties Total   Parent companies Associates and joint ventures Other related parties Total
Assets                  
lnterbank investments - 321 - 321   - 676 3,835 4,511
Loan operations - 355 324 679   - 109 668 777
Securities and derivatives (asset and liability position) 1,307 317 3,096 4,720   1,199 548 4,584 6,331
Other assets 1 357 39 397   1 166 10 177
Total assets 1,308 1,350 3,459 6,117   1,200 1,499 9,097 11,796
                   
Liabilities                  
Deposits - (92) (1,306) (1,398)   - (127) (2,426) (2,553)
Deposits received under securities repurchase agreements - (119) (75) (194)   - - (19) (19)
Funds from acceptances and issuance of securities - - (82) (82)   - - (49) (49)
Other liabilities (8) (9) (1,072) (1,089)   (21) (9) (255) (285)
Total Liabilities (8) (220) (2,535) (2,763)   (21) (136) (2,749) (2,906)

 

                             
ITAÚ UNIBANCO HOLDING 01/01 to 12/31/2023   01/01 to 12/31/2022   01/01 to 12/31/2021
Parent companies Associates and joint ventures Other related parties Total   Parent companies Associates and joint ventures Other related parties Total   Parent companies Associates and joint ventures Other related parties Total
Statement of lncome                            
lncome related to financial operations 173 48 629 850   166 51 969 1,186   74 34 314 422
Expenses related to financial operations - (20) (298) (318)   - (7) (187) (194)   - (2) (35) (37)
Other operating revenues / (expenses) 14 (81) (196) (263)   13 (98) (60) (145)   13 - (186) (173)
lncome 187 (53) 135 269   179 (54) 722 847   87 32 93 212

 

Operations with Key Management Personnel of ITAÚ UNIBANCO HOLDING present Assets of R$ 185, Liabilities of R$ (7,099) and Results of R$ (62) (R$ 162, R$ (6,427) at 12/31/2022 and R$ 16 and R$ (20) from 01/01 to 12/31/2022 and 01/01 to 12/31/2021, respectively).

b) Compensation and Benefits of Key Management Personnel

Compensation and benefits attributed to Managers Members, members of the Audit Committee and the Board of Directors of ITAÚ UNIBANCO HOLDING in the period correspond to:

     
  01/01 to
12/31/2023		 01/01 to
12/31/2022		 01/01 to
12/31/2021
Fees (686) (603) (460)
Profit sharing (275) (255) (208)
Post-employment benefits (6) (5) (9)
Share-based payment plan (179) (142) (120)
Total (1,146) (1,005) (797)

 

Total amount related to share-based payment plans, personnel expenses and post-employment benefits is detailed in Notes 20, 23 and 26, respectively.