Nicio's questions to Itau Unibanco Holding SA (ITUB) leadership • Q2 2024
Question
The analyst from Ingenia asked for an update on the 'Atlas' product for entrepreneurs, cross-sell performance in the 'One Itaú' pilot, and the dynamics of NII sensitivity to interest rates and the capital hedge.
Answer
CEO Milton Maluhy Filho explained that the 'One Itaú' pilot is focused on a quality migration experience, with cross-selling to be developed later. 'Atlas' is a complementary digital offering within the business segment, not a standalone product for mass ramp-up. Regarding NII, he noted the bank's balanced portfolio and hedging strategies make its margin less sensitive to interest rate volatility than perceived, highlighting the capital hedge as a key decision for stability.