Itaú Unibanco says services billed by Instituto Itaú de Ciência, Tecnologia e Inovação top R$ 50 million
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ITUB• Related-party services deal tops R$ 50 million
- Itaú Unibanco Holding disclosed a related-party services deal between Itaú Unibanco and Instituto Itaú de Ciência, Tecnologia e Inovação.
- Invoiced amount under a July 19, 2023 master agreement exceeded R$ 50 million as of Aug. 31, 2026.
- ICTi provides research, prototyping, software development, testing, and innovation consulting services to the bank.
- Pricing is based on professional costs; engagement followed the related-party policy with review by an independent board committee.
- Counterparty partners or managers had no role in the bank’s decision-making or negotiations.
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Itaú Unibanco says services billed by Instituto Itaú de Ciência, Tecnologia e Inovação top R$ 50 million - ITUB News | Rallies
