Material Fact - BIS Ratio and Payment of Dividends

SAO PAULO, Sept. 26, 2017 /PRNewswire/ -- ITAU UNIBANCO HOLDING S.A. ("Itau Unibanco" and "Company") informs to its shareholders and the market in general that it intends:

  • To maintain the practice of paying net interest on capital and dividends at 35% of the recurring net income and exclude the maximum limit currently determined as 45%.
  • The total amount to be distributed each year will be set forth by the Board of Directors, considering, among others:
    1. the Company's capitalization level, according to rules issued by the Central Bank of Brazil;
    2. the minimum level determined by the Board of Directors ( CET11 = currently 13.5%);
    3. the profitability in the year;
    4. the expectations of capital use based on the expected business growth, share buyback programs, mergers and acquisitions and regulatory changes that may change capital requirement;
    5. changes in tax legislation; and
    6. significant changes in risk-weighted assets (RWA2).

Therefore, the percentage to be distributed may change every year based on the profitability and capital demands of the Company, always considering the minimum distribution set forth in the Bylaws.

Itau Unibanco clarifies that, during the presentations of the meetings of Apimec Sao Paulo today, the material of which was presented to the regulatory bodies, it will use a simulation on the payment of net interest on capital and dividends based on "Increase in RWA" and "ROE"3. As mentioned above, other factors may also impact the said distribution.

Investor Relations Officer

1 CET1: Common Equity Tier 1.
2 RWA: Risk-Weighted Assets.
3 ROE: Return on Equity.

CONTACT: 55 11 5019-1987

View original content:http://www.prnewswire.com/news-releases/material-fact--bis-ratio-and-payment-of-dividends-300526070.html

SOURCE Itau Unibanco Holding S.A.