ITAU BBA EUROPE, SA - LUXEMBOURG BRANCH

Itaú BBA Europe, S.A. – Luxembourg Branch is the Luxembourg outpost of Itaú BBA Europe, S.A., the European banking subsidiary of the Brazilian group Itaú Unibanco, operating in the Grand Duchy under host supervision by the Commission de Surveillance du Secteur Financier within the EU’s single market framework while prudential oversight rests with the bank’s home-state authorities in Portugal. The branch focuses on corporate and institutional clients, supporting cross-border business between Europe and Latin America through services such as bilateral and syndicated lending, trade finance (including letters of credit and guarantees), cash management and payments (including SEPA), and treasury/markets products like foreign exchange and plain-vanilla interest rate hedging, typically delivered through a relationship-managed model rather than retail channels. It does not target retail customers, has no consumer branch network or ATM presence, and account opening is contingent on standard EU onboarding requirements (corporate documentation, UBO identification, and tax forms under FATCA/CRS), with service availability and product suitability determined on a case-by-case basis. Pricing, interest, and trading terms are generally negotiated with clients and are subject to applicable EU rules such as MiFID II and PSD2 where relevant. As an EU branch of a Portuguese credit institution, eligible deposits (if accepted) are covered by Portugal’s Fundo de Garantia de Depósitos up to €100,000 per depositor per bank, rather than Luxembourg’s scheme; investment services fall under the home-state investor compensation system. The branch adheres to EU AML/CFT, sanctions, and data protection (GDPR) requirements, and supports payments and treasury in euros and major currencies via SWIFT and SEPA. Limitations include a narrow focus on corporate and institutional banking, restricted access for retail users, and reliance on negotiated terms and relationship-led distribution, which may not suit clients seeking standardized, off-the-shelf retail offerings.