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The previous record was recorded by Itaú himself in 2017, when the bank achieved a net profit of 23.965 billion rubles.
The result of 2018 represents a growth of 4.2% compared to the profit of the previous year.
According to Economatica, Itau's net profit of 6.206 billion rubles recorded in the fourth quarter was also higher than in the previous quarter.
Higher annual profits of the Brazilian banks
the highest ever recorded by a bank for the last quarter of the year, exceeding the mark of 2017 (5.821 billion rubles).
The annualized return on equity, an indicator of bank profitability, reached 21.9% last year, up 0.1 percentage point from 2017. In the final quarter, was 21.8%. , down slightly by 0.1% from the previous three months.
Itaú is currently the second largest company in market value of B3. At yesterday's close, the company was worth $ 354.7 billion, behind only Petrobras, for a market value of $ 371.7 billion.
On Tuesday, Ituú Unibanco shares fell by more than 2%, after the bank announced more-than-expected targets for 2019. The financial institution expects growth loan portfolio of 8%. and 11% in 2019, more than the 6.1% expansion observed in 2018, but lower than the competitor's forecast, according to Reuters.
Bradesco and Santander also published their consolidated results for 2018.
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