Banco Itaú Paraguay Explained

Banco Itaú Paraguay S.A.
Type:Subsidiary
Foundation:1978
Location City:Asunción
Location Country:Paraguay
Key People:Jose Britez Infante, (CEO)
Industry:Finance and Insurance
Products:Banking
Insurance
Revenue: US$ 226.8 million (2018)
Net Income: US$ 116 million (2018)
Assets: US$ 3.3 billion (2018)
Num Employees:847 (2018)
Parent:Itaú Unibanco
Homepage:www.itau.com.py

Banco Itau Paraguay S.A. was founded in 1978 as Interbanco SA. property of National Bank of Brazil. In 1995 was acquired by Unibanco Group. As a result of the merger between Unibanco and Banco Itaú in 2008, was renamed Banco Itaú Paraguay S.A in 2010. Itau is considered the biggest bank in Paraguay. Jose Britez Infante assumed as CEO in late 2020 replacing Brazilian Andre Gailey, it is the first time a Paraguayan holds this position.

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