-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HpEmbRRBdssx33dy8SSuTbbg4ewuyQbjg3B8Dq1IugWJfWknGbFXY/32YMmk9vfM 4OwrLkW0swb/BDaEA6rAUg== 0000947871-07-001065.txt : 20070809 0000947871-07-001065.hdr.sgml : 20070809 20070809125249 ACCESSION NUMBER: 0000947871-07-001065 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20070808 FILED AS OF DATE: 20070809 DATE AS OF CHANGE: 20070809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCO ITAU HOLDING FINANCEIRA S A CENTRAL INDEX KEY: 0001132597 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15276 FILM NUMBER: 071038926 BUSINESS ADDRESS: STREET 1: PRA?A ALFREDO EGYDIO DE SOUZA ARANHA STREET 2: 100 - TORRE ITA?SA - CEP 04344-902 CITY: SAO PAULO STATE: D5 ZIP: 00000 BUSINESS PHONE: 55-11-5019-1723 MAIL ADDRESS: STREET 1: PRA?A ALFREDO EGYDIO DE SOUZA ARANHA STREET 2: 100 - TORRE ITA?SA - CEP 04344-902 CITY: SAO PAULO STATE: D5 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: BANCO ITAU SA DATE OF NAME CHANGE: 20010117 6-K 1 f6k_080707.htm BANCO ITAU 6K


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of August 2007

Commission File Number: 001-15276

Banco Itaú Holding Financeira S.A.
(Itaú Holding Financing Bank S.A.)
(Translation of Registrant’s Name Into English)

Praça Alfredo Egydio de Souza Aranha, 100-Torre Itaúsa
04344-902 São Paulo, SP, Brazil
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F:   ý      Form 40-F:   o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):

Yes:  o      No:  ý

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):

Yes:  o      No:  ý

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes:  o      No:  ý

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-___________________.

 

 


SIGNATURES

             Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Banco Itaú Holding Financeira S.A.
              (Registrant)

Date:  August 8, 2007 By:  /s/ Alfredo Egydio Setubal          
Name:   Alfredo Egydio Setubal
Title:     Investor Relations Officer
     
   By:  /s/ Silvio Aparecido de Carvalho          
Name:   Silvio Aparecido de Carvalho
Title:    Chief Accounting Officer

 

 


EXHIBIT INDEX

99.1

Announcement to the Market – Minutes of the Meeting of the Fiscal Council held on August 6, 2007.

 

99.2

Announcement to the Market – Minutes of the Meeting of the Board of Directors held on August 6, 2007 Re: Activities of the Disclosure and Insider Trading Committee and Audit Committee and examination of the financial statements.

 

99.3

Announcement to the Market – Minutes of the Meeting of the Board of Directors held on August 6, 2007 Re: Distribution of dividends complementary to the interest on capital and dividends.

 

99.4

Material Fact – Payment of Complementary Dividends.

 

99.5

Announcement to the Market – Invitation to Stockholders to attend the Extraordinary General Meeting to be held on August 27, 2007.

 

99.6

Announcement to the Market – Minutes of the Meeting of the Board of Directors held on August 6, 2007 Re: Increase in limits of authorized capital, stock split, alterations to Bylaws and the opinion of the Fiscal Council.

 

99.7

Announcement to the Market – Information on the Results for the First Quarter 2007.

 

99.8

Announcement to the Market – Trading of Own Shares for Treasury for July 2007.

 

 

 

 

EX-99.1 2 ex99-1_080707bancoitau.htm MEETING OF THE FISCAL COUNCIL OF AUGUST 6, 2007

Exhibit 99.1

 

 

BANCO ITAÚ HOLDING FINANCEIRA S.A.

CNPJ. 60.872.504/0001-23

A Publicly Listed Company

NIRE. 35300010230

 

 

MEETING OF THE FISCAL COUNCIL

OF AUGUST 6, 2007

 

 

On August 6, 2007 at 11:00 a.m. at the company’s head office, the effective members of the Fiscal Council of BANCO ITAÚ HOLDING FINANCEIRA S.A., met with the purpose of: a) appointing the President of the Fiscal Council, pursuant to article 2 of its Internal Charter; b) providing an opinion on the financial statements for the period from January to June of 2007.

 

Beginning the agenda of the day with an examination of the first item, the Councilors resolved to maintain the appointment of Prof. Iran Siqueira Lima as President of the Fiscal Council and Councilor Alberto Sozin Furuguem to substitute him in the event of his absences or incapacity.

 

Subsequently, Iran Siqueira Lima expressed his appreciation for his fellow councilors’ renewed vote of confidence, making himself available to his colleagues in the performance of their duties.

 

Subsequently, moving on to examine the financial statements for the period from January to June of 2007, the Fiscal Councilors resolved to register the following opinion:

 

 

“The effective members of the Fiscal Council of BANCO ITAÚ HOLDING FINANCEIRA S.A., having perused the financial statements for the period from January to June of 2007, have verified the accuracy of all the items examined, understanding them to adequately reflect the company’s capital structure, financial position and the activities conducted during the period, recommending that they be approved by the company’s Board of Directors.”

 

 

There being no further matter for discussion, the meeting was declared concluded and its work completed. The relative minutes having been transcribed, read and approved, were signed by all those present. São Paulo-SP, August 6, 2007. (signed) Iran Siqueira Lima - President, Alberto Sozin Furuguem and Marcos de Andrade Reis Villela – Councilors.

 

 

 

 

 

ALFREDO EGYDIO SETUBAL

 

Investor Relations Officer


 

 

 

EX-99.2 3 ex99-2_080707bancoitau.htm MEETING OF BOARD OF DIRECTORS OF AUGUST 6, 2007

Exhibit 99.2

 

 


BANCO ITAÚ HOLDING FINANCEIRA S.A.

CNPJ. 60.872.504/0001-23

A Publicly Listed Company

NIRE. 35300010230

 

MEETING OF THE BOARD OF DIRECTORS

OF AUGUST 6, 2007

 

On August 6, 2007, at 2:30 p.m., the Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A., met at the company’s head office, with the legal quorum being present and under the presidency of the Vice President Dr. José Carlos Moraes Abreu, for the purpose of being notified of the activities of the Disclosure and Insider Trading Committee and the Audit Committee, as well as examining the financial statements for the period from January to June of 2007.

 

Opening the meeting’s agenda, the Director Dr. Alfredo Egydio Setubal apprised the other board directors present of the principal matters discussed at the meeting of the Disclosure and Insider Trading Committee held on August 3, 2007.

 

Subsequently, the Director Dr. Carlos da Camara Pestana, as President of the Audit Committee, reported on the work carried out and the principal events characterizing the activities of the Audit Committee during the first half of 2007.

 

Subsequently, Dr. Roberto Egydio Setubal, President and Vice President of the Board of Directors, spoke at length with respect to the financial statements for the semester ending June 30, 2007, the object of: (i) a recommendation for approval, issued by the Audit Committee; (ii) a favorable opinion from the Fiscal Council; (iii) an unqualified opinion from the Independent Auditors.

 

After analysis of the said documentation, the Directors concluded as to the accuracy of all the documents examined unanimously approving them and authorizing their disclosure through release to the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários), the São Paulo Stock Exchange (BOVESPA – Bolsa de Valores de São Paulo), the SEC (The United States Securities and Exchange Commission), the NYSE – (New York Stock Exchange) and the Argentine Stock Exchange (BCBA – Bolsa de Comercio de Buenos Aires).

 

With no further items on the agenda, the Chairman requested the transcription of these minutes, which having been read and approved were signed by all, the meeting being declared closed. São Paulo-SP, August 6, 2007. (signed) José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tápias, Alfredo Egydio Setubal, Carlos da Camara Pestana, Fernão Carlos Botelho Bracher, Geraldo José Carbone, Guillermo Alejandro Cortina, Gustavo Jorge Laboissiere Loyola, Henri Penchas, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa, Sergio Silva de Freitas and Tereza Cristina Grossi Togni – Directors.

 

 

ALFREDO EGYDIO SETUBAL

Investor Relations Officer

 

 

 

 

 

EX-99.3 4 ex99-3_080707bancoitau.htm MEETING RE: DISTRIBUTION OF DIVIDENDS

Exhibit 99.3

 

 


BANCO ITAÚ HOLDING FINANCEIRA S.A.

CNPJ. 60.872.504/0001-23

A Publicly Listed Company

NIRE. 35300010230

 

 

MEETING OF THE BOARD OF DIRECTORS

OF AUGUST 6, 2007

 

On August 6, 2007, at 4:00 p.m., the Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. met at the company’s registered offices, with the legal quorum being present and under the presidency of the Vice President Dr. José Carlos Moraes Abreu, with the purpose of deciding on the distribution of dividends complementary to the interest on capital and dividends paid in a monthly basis during the first half of 2007 and in addition to the mandatory dividend for the fiscal year 2007.

 

The matter was discussed and voted, the Directors unanimously deciding “ad referendum” of the General Meeting:

 

a)

to declare complementary dividends in the amount of R$ 0.333 per share, without withholding tax, to the debit of the Revenue Reserve account for Dividends Equalization, which is equivalent to approximately 14 times the dividends paid on a monthly basis;

 

b)

to pay these complementary dividends on August 27, 2007, based on the closing stockholding position as of August 17, 2007.

 

With no further items on the agenda, the President determined the transcription and these minutes, which having been read and approved were signed by all present, the meeting being declared closed. São Paulo-SP, August 6, 2007. (signed) José Carlos Moraes Abreu; Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tápias, Alfredo Egydio Setubal, Carlos da Camara Pestana, Fernão Carlos Botelho Bracher, Geraldo José Carbone, Guillermo Alejandro Cortina, Gustavo Jorge Laboissiere Loyola, Henri Penchas, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa, Sergio Silva de Freitas and Tereza Cristina Grossi Togni – Directors.

 

 

 

 

 

 

ALFREDO EGYDIO SETUBAL

 

Investor Relations Officer

 

 

 

 

 

 

EX-99.4 5 ex99-4_080707bancoitau.htm PAYMENT OF COMPLEMENTARY DIVIDENDS

Exhibit 99.4

 

 

BANCO ITAÚ HOLDING FINANCEIRA S.A.

CNPJ. 60.872.504/0001-23

A Publicly Listed Company

 

 

 

 

MATERIAL FACT

 

 

 

PAYMENT OF COMPLEMENTARY DIVIDENDS

 

 

 

We wish to inform our stockholders that at a meeting of the Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. held on August 6, 2007, it was decided:

 

a)

to distribute complementary dividends in the amount of R$ 0.333 per share, to be paid on August 27, 2007, without withholding tax, based on the closing stockholding position as of August 17, 2007, which is equivalent to approximately 14 times the monthly dividends;

 

b)

that this payment be effected complementary to the monthly interest on capital and dividends distributed in the first half of 2007 as part of the mandatory dividend for the fiscal year 2007.

 

São Paulo-SP, August 6, 2007.

 

BANCO ITAÚ HOLDING FINANCEIRA S.A.

 

 

ALFREDO EGYDIO SETUBAL

Investor Relations Officer

 

 

 

 

 

 

 

 

 

EX-99.5 6 ex99-5_080707bancoitau.htm EXTRAORDINARY GENERAL MEETING

Exhibit 99.5

 

 


BANCO ITAÚ HOLDING FINANCEIRA S.A.

CNPJ. 60.872.504/0001-23

A Publicly Listed Company

NIRE 35300010230

 

Authorized Capital: up to 2,000,000,000 shares

Subscribed and Paid-in Capital: R$ 14,254,213,000.00 – 1,221,996,220 shares

 

MATERIAL FACT

 

Convening Notice

 

EXTRAORDINARY GENERAL MEETING

 

The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. invite its Stockholders to an Extraordinary General Meeting to be held on August 27, 2007 at 3 p.m. in the auditorium at the company’s registered offices at Praça Alfredo Egydio de Souza Aranha, 100, in the city and state of São Paulo, to examine the Board of Director’s proposal for:

 

1)

increasing the limits for authorized capital from 2,000,000,000 to 4,000,000,000 book entry shares with no par value, being 2,000,000,000 common and 2,000,000,000 preferred shares;

 

2)

a stock split in a ratio of 100% of the existing 1,221,996,220 shares making up the subscribed capital stock, book entry shares increasing to 2,443,992,440 with no par value, being 1,253,000,512 common and 1,190,991,928 preferred shares, with no alteration in the monetary expression of the capital stock;

 

 

2.1)

as a result of the stock split: a) the stockholders shall receive 1 (one) new share for each existing share of the same type currently held; b) monthly payment of dividends shall be adjusted in the same ratio as the stock split, that is from the existing R$ 0.024 per share to the adjusted R$ 0.012 per share;

 

 

2.2)

the existing shares shall continue to trade with stock split rights and the new shares, resulting from the split, shall be available for trading once due ratification of the General Meeting’s deliberations is received from the Central Bank of Brazil and to be the subject of an announcement to the market;

 

 

2.3)

simultaneously to the operation in the Brazilian Market, the securities traded in the International Market shall also
be split in a ratio of 100%, as follows: a) in the United States market (NYSE), where currently each
ADR -
American Depositary Receipt represents 1 (one) preferred share, investors receiving 1 (one) new ADR for
each
ADR currently held; b) in the Argentinean Market (BCBA), where currently each CEDEARCertificado
de Depósito Argentino
represents 1 (one) preferred share, investors receiving 1 (one) new CEDEAR for each CEDEAR currently held.

 

3)

alter the wording of Article 3 (“caption sentence”) and 3.1 of the Bylaws to register the new quantities of shares resulting from the preceding items and the consequent adjustment in the value of the minimum annual dividend assured to preferred shares of R$ 0.055 per share to R$ 0.0275 per share.

 

 

São Paulo-SP, August 6, 2007.

BOARD OF DIRECTORS

JOSÉ CARLOS MORAES ABREU

Vice President

 

(for more information please see site www.itauri.com.br)

 

 

ALFREDO EGYDIO SETUBAL

Investor Relations Officer

 

 

 

 

 

EX-99.6 7 ex99-6_080707bancoitau.htm PROPOSAL OF THE BOARD OF DIRECTORS

Exhibit 99.6

 

 


BANCO ITAÚ HOLDING FINANCEIRA S.A.

CNPJ. 60.872.504/0001-23

A Publicly Listed Company

NIRE. 35300010230

 

Authorized Capital: up to 2,000,000,000 shares

Subscribed and Paid-in Capital: R$ 14,254,213,000.00 – 1,221,996,220 shares

 

MEETING OF THE BOARD OF DIRECTORS

OF AUGUST 6, 2007

 

The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. met on August 6, 2007 at 5 p.m. at the company’s registered offices, in the presence of the legal quorum and under the chairmanship of the Vice President Dr. José Carlos Moraes Abreu, the members of the Fiscal Council also being present, pursuant to Paragraph 3 of Article 163 of Law 6,404/76, for examining the proposal of convening the General Stockholders’ Meeting to be held on August 27, 2007 at 3 p.m. to deliberate on the following:

 

PROPOSAL OF THE BOARD OF DIRECTORS

Stockholders,

 

The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A., with the purpose of improving share liquidity and a consequent adjustment in the value of market prices at a more attractive level for trading, believes it is opportune to submit the following agenda for the examination and approval of the General Stockholders Meeting:

 

 

I –   INCREASE IN LIMITS OF AUTHORIZED CAPITAL

 

- increase in the limits of authorized capital from 2,000,000,000 to 4,000,000,000 of book entry shares with no par value, being 2,000,000,000 ordinary and 2,000,000,000 preferred shares;

 

II – STOCK SPLIT

- to effect a stock split in a ratio of 100% of the existing 1,221,996,220 shares making up the subscribed capital stock, book entry shares increasing to 2,443,992,440 with no par value, being 1,253,000,512 common and 1,190,991,928 preferred shares, with no alteration in the monetary expression of the capital stock;

 

- as a consequence of this stock split:

 

Ø

the stockholders shall receive 1 (one) new share for each existing share held of the same type;

 

Ø

the monthly dividends shall be adjusted at the same ratio as the proposed stock split, that is, the payout changing from R$ 0.024 per share to R$ 0.012 per share, the new shares resulting from the stock split to enjoy full rights to any distribution of income which may be declared following the date of the General Stockholders’ Meeting convened for examining this proposal;

 

Ø

the existing shares issued by Banco Itaú Holding Financeira S.A. shall continue to trade with stock split rights and the new shares, resulting from the split, shall be available for trading once due ratification of the General Meeting’s deliberations is received from the Central Bank of Brazil and to be the subject of an announcement to the market;

 

 

 

 



BANCO ITAÚ HOLDING FINANCEIRA S.A.
                                                                                                            Page 2

Meeting of the Board of Directors of August 6, 2007

 

 

- simultaneously to the operation in the Brazilian Market, the securities traded in the International Market shall be split in a ratio of 100%, as follows:

 

Ø

in the United States Market (NYSE), where currently each ADR - American DEPOSITARY Receipts represents 1 (one) preferred share, investors will receive 1 (one) new ADR for each ADR held;

 

Ø

in the Argentinean Market (BCBA), where currently each CEDEARCertificado de Depósito Argentino represents 1 (one) preferred share, investors will receive 1 (one) new CEDEAR for each CEDEAR held;

 

III -      ALTERATIONS TO THE BYLAWS

- as a result of the preceding items, to alter the wording in Article 3 (caption sentence and 3.1) of the Bylaws, to register the new quantities of shares and the consequent adjustment in the value of the minimum annual dividend assured to preferred shares, from R$ 0.55 per share to R$ 0.0275 per share, as follows:

 

 

Article 3 - CAPITAL AND SHARES – The capital stock is R$ 14,254,213,000.00 (fourteen billion, two hundred and fifty-four million, two hundred and thirteen thousand Reais), represented by 2,443,992,440 (two billion, four hundred and forty-three million, nine hundred and ninety-two thousand, four hundred and forty) book entry shares with no par value, of which 1,253,000,512 (one billion two hundred and fifty-three million, five hundred and twelve) common and 1,190,991,928 (one billion one hundred and ninety million, nine hundred and ninety-one thousand, nine hundred and twenty-eight) preferred shares with no voting rights but with the following advantages: I – priority in receiving a minimum non-cumulative annual dividend of R$ 0.0275 per share, to be restated in the event of a stock split or reverse stock split; II – the right – in the event of the sale of a controlling stake – to be included in the public offering to acquire shares with a price equal to 80% (eighty percent) of the value paid for each share enjoying voting rights and comprising the controlling stockholding block, guaranteeing a dividend at least equal to that paid on the common shares.

 

 

 

3.1.

Authorized Capital - The company is authorized to increase its capital stock based on the decisions of the Board of Directors, independently of any change in the Bylaws, up to a limit of 4,000,000,000 (four billion) shares being 2,000,000,000 (two billion) common shares and 2,000,000,000 (two billion) preferred shares. Share issues through the Stock Exchanges, public subscription and exchange of shares via a public offering for the acquisition of control, may be effected irrespective of the preemptive rights of the pre-existing stockholders (Article 172 of Law 6,404/76).’

 

 

Finally it is proposed to publish the meeting’s minutes omitting the names of the Stockholders present according to the provisions of Paragraph 2, Article 130 of Law 6,404/76.

 

This is the proposal which we submit for the examination of Stockholders. São Paulo-SP, August 6, 2007. (signed) José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tápias, Alfredo Egydio Setubal, Carlos da Camara Pestana, Fernão Carlos Botelho Bracher, Geraldo José Carbone, Guillermo Alejandro Cortina, Gustavo Jorge Laboissiere Loyola, Henri Penchas, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa, Sergio Silva de Freitas and Tereza Cristina Grossi Togni – Directors.”

 

 

 



BANCO ITAÚ HOLDING FINANCEIRA S.A.
                                                                                                              Page 3

Meeting of the Board of Directors of August 6, 2007

 

The President then informed that in accordance with item III, Article 163 of Law 6,404/76, the Fiscal Council had opined favorably as to the proposal for modifying the capital stock and had issued the following opinion, drafted to the appropriate register:

 

OPINION OF THE FISCAL COUNCIL

 

 

The effective members of the Fiscal Council of BANCO ITAÚ HOLDING FINANCEIRA S.A. have examined the Board of Director’s Proposal of today’s date with respect to: 1) the increase in the limit of authorized capital to 4,000,000,000 book entry shares, being 2,000,000,000 ordinary shares and 2,000,000,000 preferred shares; 2) the stock split in the ratio of 100% of 1,221,996,220 shares representing the subscribed capital stock. The councilors, believing the Proposal to be fully justified on technical grounds, do hereby declare their agreement that the said Proposal be submitted for the examination of the General Meeting. São Paulo-SP, August 6, 2007. (signed) Iran Siqueira Lima, Albero Sozin Furuguen and Marcos de Andrade Reis Villela.”

 

 

Having been discussed and voted, the above Proposal was fully and unanimously approved by the Board of Directors, which authorized the publication of the convening notice to the said General Meeting.

 

With no further items on the agenda, the Chairman requested the drafting of the minutes. These having been read and approved, were signed by all, the meeting being declared concluded. São Paulo-SP, August 6, 2007. (signed) José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tápias, Alfredo Egydio Setubal, Carlos da Camara Pestana, Fernão Carlos Botelho Bracher, Geraldo José Carbone, Guillermo Alejandro Cortina, Gustavo Jorge Laboissiere Loyola, Henri Penchas, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa, Sergio Silva de Freitas and Tereza Cristina Grossi Togni – Directors.

 

 

ALFREDO EGYDIO SETUBAL

Investor Relations Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EX-99.7 8 ex99-7_080707bancoitau.htm INFORMATION ON THE RESULTS FOR FIRST HALF OF 2007

Exhibit 99.7

 

 


Banco Itaú Holding Financeira S.A.

A Publicly Listed Company

CNPJ. 60.872.504/0001-23

 

 

INFORMATION ON THE RESULTS FOR THE FIRST HALF OF 2007

 

We present below the main results of Itaú for the first half of 2007. The complete financial statements and the Management’s Discussion and Analysis Report are available on the Itaú website (http://www.itauri.com.br).

 

 

1.

Consolidated net income of Banco Itaú Holding Financeira (Itaú) for the first half of 2007 totaled R$ 4,016 million, with annualized return of 32.1% on average equity. Consolidated stockholders’ equity totaled R$ 26,546 million, a 51.2% increase as compared to the same period in the prior year, and referential equity, used for purposes of calculating operating limits, was R$ 34,956 million.

 

 

2.

Itaú’s consolidated assets totaled R$ 255,418 million, a 48.1% increase as compared to June 2006. The loan portfolio, including endorsements and sureties, grew 40.2% as compared to the same period of 2006, totaling R$ 104,821 million. Excluding mandatory loans and those from Argentina, Chile and Uruguay, the increase in the credit to individual segment was 32.9%, reaching R$ 45,035 million, and in the very small, small and middle market company segments, the increase was 59.7% as compared to June 2006, totaling R$ 21,255 million. Total free, raised and managed own assets increased 47.0% as compared to the same period in the prior year, totaling R$ 419,745 million. Savings deposits increased 24.7%. Technical provisions of insurance, pension plan and capitalization reached R$ 21,510 million, an increase of 31.1% as compared to June 2006.

 

 

3.

Itaú paid or provided for its own taxes and contributions in the amount of R$ 4,052 million for the first half of 2007. Additionally, the amount of R$ 4,067 million in taxes was withheld and collected from clients and was directly levied on financial operations.

 

 

4.

Itaú employed 63,164 people at the end of the first half of 2007. The employee’s fixed compensation plus charges and benefits totaled R$ 2,193 million in this half. Welfare benefits granted to employees and their dependants totaled R$ 383 million. In addition, Itaú also invested R$ 36 million in education, training and development programs.

 

 

5.

In the first half of 2007, we highlight the following significant events:

 

 

 

Determining the startup of Itaú operations in Chile and Uruguay on March 5 and 26, respectively, all branches were converted in both countries. BankBoston’s branches in Brazil, in a program ended in June 2007, were integrated into Itaú’s operational system.

 

 

 

 

 

On May 31, 2007, the acquisition of BankBoston International (BBI), with head offices in Miami, and BankBoston Trust Company Limited (BBT), with head offices in Nassau, by Banco Itaú Europa and its subsidiary Banco Itaú Europa Luxembourg was concluded. The operation includes managed financial assets of approximately US$ 3.2 billion. The goodwill related to the acquisition amounted to R$ 96 million, fully amortized in Itaú Holding’s consolidated financial statements.

 

 

 

On June 8, 2007, the acquisition of the international private banking assets of Latin American clients of ABN AMRO Bank N.V.’s Miami and Montevideo branches was concluded. This acquisition involved assets under management of approximately US$ 3.0 billion, registered with the US, Switzerland and Luxembourg and recorded in Banco Itaú Europa from the second quarter of 2007.

 

 

 

Execution of a stock purchase agreement and other covenants between Experian Brasil Aquisições Ltda. (Experian), a subsidiary of Experian Solutions, Inc., and Itaú Holding by which the second sold to Experian 832,176 shares issued by Serasa S.A. (Serasa). The income from the sale amounted to R$ 485 million (after taxes). Itaú still participates in the

 

 



INFORMATION ON THE RESULTS FOR THE FIRST HALF OF 2007


2

 

 

 

 

 

management of Serasa, maintaining 10.29% of its total capital stock and the right to appoint one member to its Board of Directors.

 

 

 

 

 

 

6.

In July 2007, the Initial Public Offering of Redecard shares was carried out. This offering raised the largest amount of funds at the São Paulo Stock Exchange (Bovespa) since the reinvigoration of the market for primary offerings in 2004. The operation will benefit the results of the third quarter of 2007 by approximately R$ 1.0 billion (after taxes). Consequently, Itaú decreased its interests from 31.94% to approximately 23.21% in the total capital of the company.

 

 

7.

Itaú’s preferred shares rose 36.5% as compared to the quotation of June 30, 2006. The market value of Itaú was R$ 103,219 million at Stock Exchanges at the end of June 2007, an increase of 48.0% as compared to the same period of 2006.

 

 

8.

In May, Standard & Poor’s and Fitch Ratings, the two largest international risk-rating agencies, upgraded the ratings of Banco Itaú Holding Financeira, Banco Itaú and Banco Itaú BBA to investment grade. With this upgrade, the foreign securities issued by these Banks appreciated due to the perceived soundness and good risk performance.

 

 

9.

Euromoney magazine considered Itaú the Best Bank in Latin America and the Best Bank in Brazil (for the 10th time in a row). The Banker magazine ranked Itaú as the Largest Bank in Latin America, based on Tier I Capital. The Bank also received awards by IR Magazine for the Best Investor Relations Website, Best Annual Report and Best Conference Call.

 

 

10.

In this half, R$ 54 million were invested in social and cultural projects. Besides this, Itaú donated R$ 50 million to Fundação Itaú Social, strengthening its equity and ability to generate funding for its projects. Fundação Itaú Social and the Ministry of Education (MEC) entered into a protocol for the implementation of the Brazilian Portuguese Language Olimpiad supported by the “Escrevendo o Futuro” (writing the future) program. Also noteworthy was the partnership entered into with MEC for the use of the methodology of “Melhoria da Educação no Município” (improvement of municipal education) program for training consultants who will work in the municipalities that have the lowest Development Indexes of K-12 Education. The 7th edition of the Itaú-Unicef Award received entries from more than 1,500 projects. Instituto Itaú Cultural has reinforced its work in making the access to culture more democratic. In the first half of 2007, the actions at the Instituto Itaú Cultural’s headquarters, in São Paulo, reached over 121 thousand people. The “Itaú Contemporâneo” (contemporary Itaú) exhibit, which showed 127 works of art of the Itaú Group’s collection, was visited by 70 thousand people. From March to May, the “Itaú Cultural 20 anos” (Itaú Cultural 20 years) exhibit was held. The “Rumos” (directions) Program celebrated 10 years. In June, we highlight the launching of Itaú Cultural’s new website.

 

 

 

São Paulo, August 6, 2007.

Olavo Egydio Setubal

Chairman of the Board of Directors

 

 

 

ALFREDO EGYDIO SETUBAL

 

Investor Relations Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EX-99.8 9 ex99-8_080707bancoitau.htm TRADING OF OWN SHARES FOR TREASUREY FOR JULY 2007

Exhibit 99.8

 

 

BANCO ITAÚ HOLDING FINANCEIRA S.A.

A Publicly Listed Company

CNPJ. 60.872.504/0001-23

 

 

 

 

Announcement to the Market

 

 

Trading of Own Shares for Treasury

Month: July 2007

 

 

1.

On November 18, 2004, in keeping with the best Corporate Governance practice, Banco Itaú Holding Financeira S.A. (Itaú Holding) voluntarily disclosed its “Operating Rules for the Trading of Own shares for Treasury”(“Rules”).

 

2.

Item 2.1.3 of the “Rules” established the obligation to make monthly disclosure of the volumes of own shares traded on stock exchanges by Itaú Holding, and minimum, average and maximum prices.

 

3.

We inform the capital market entities that during the month of July 2007, Itaú Holding did not trade any of its own shares for treasury.

 

4.

We would remind readers that historical data is available in the organization’s Investor Relations site (www.itauri.com.br).

 

 

 

São Paulo-SP, August 8, 2007.

 

 

 

ALFREDO EGYDIO SETUBAL

Investor Relations Officer

 

 

 

 

 

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