TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2010

Schedule Of Tax Rates Applicable To Financial Institutions [Table Text Block]

Schedule of tax rates applicable to financial institutions

	01/01 to 12/31/2010		01/01 to 12/31/2009		01/01 to 12/31/2008
Federal income tax		25		25		25
Social contribution on net income (*)		15		15		15
Composite rate		40		40		40

(*) The Provisional Measure No. 413, of January 3, 2008, and Law No. 11,727, of June 23, 2008, increased the rate for social contribution on net income from 9% to 15% for financial and financial-equivalent companies effective as from May 1, 2008.

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Schedule of income tax expense

	01/01 to 12/31/2010			01/01 to 12/31/2009			01/01 to 12/31/2008
Income before taxes		16,828			23,461			3,544
Equity in earnings of unconsolidated companies, net		(308	)		9			(474	)
Calculation basis		16,520			23,470			3,070
Tax expense at statutory rates		(6,608	)		(9,388	)		(1,228	)
Nontaxable (deductible) exchange gains (losses) on foreign subsidiaries		(180	)		(1,356	)		775
Nondeductible expenses		(120	)		(86	)		(112	)
Nontaxable dividends on companies recorded at cost		122			101			67
Net tax benefit on interest on shareholders’ equity		1,496			1,474			660
Nondeductible stock-based compensation (non deductible) / taxable		(79	)		(247	)		72
Nontaxable interest on foreign government debt securities		148			295			381
Constitution of valuation allowance		-			-			131
Effect of increase in social contribution rate – deferred tax		-			-			336
Other differences		284			358			252
Income tax income (expense)		(4,937	)		(8,849	)		1,334

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Schedule of deferred tax assets and liabilities

	12/31/2010		12/31/2009
Deferred tax assets		25,758		26,162
Provisions not currently deductible :
Allowance for loan and lease losses		10,844		10,086
Taxes and Social Security		1,319		1,875
Other provisions		2,388		2,249
Tax loss carryforwards		3,320		3,284
Deferred tax asset for excess tax-deductible goodwill		5,112		6,269
Other temporary differences		2,775		2,399

Deferred tax liabilities		19,362		19,070
Temporary differences related to leases		8,296		7,568
Pension plan prepaid assets		1,064		1,097
Gain on Redecard transaction		1,812		1,812
Other temporary differences that include intangibles obtained in business combinations		8,190		8,593
Deferred tax liabilities/assets, included in Other liabilities/assets		6,396		7,092

Schedule Of Changes In Unrecognized Tax Benefits [Table Text Block]

Schedule of changes in unrecognized tax benefits

	01/01 to 12/31/2010			01/01 to 12/31/2009			01/01 to 12/31/2008
At the beginning of the year		2,314			2,281			2,098
Balance of Unibanco’s acquisition		-			1,248			-
Gross amount of increases for prior years’ tax positions		570			618			192
Amounts of decreases related to settlements (*)		(175	)		(1,833	)		(9	)
At the end of the year		2,709			2,314			2,281

(*) As described in Note 30b, in 2009 and 2010 Itaú Unibanco Holding entered in the REFIS program.

Schedule Of Changes In Interest and Penalties Included In Unrecognized Tax Benefits [Table Text Block]

Schedule of change in interest and penalties included in unrecognized tax benefits

	01/01 to 12/31/2010			01/01 to 12/31/2009			01/01 to 12/31/2008
At the beginning of the year		843			1,086			976
Balance of Unibanco’s acquisition		-			562			-
Total interest and penalties recognized during the year		98			200			119
Total interest and penalties reverted by payments		(38	)		(564	)		(9	)
Total interest and penalties reverted by REFIS (*)		(33	)		(441	)		-
At the end of the year		870			843			1,086

(*) As described in Note 30b, in 2009 and 2010 Itaú Unibanco Holding entered in the REFIS program.