SAO PAULO Feb 8 Itaú Unibanco Holding SA
expects to maintain a new policy of distributing between 35
percent and 45 percent of annual profit "for a few years," Chief
Executive Officer Roberto Setubal said on Wednesday, a sign
Brazil's No. 1 bank by market value has enough capital buffer to
keep rewarding shareholders.
Itaú on Tuesday disclosed the new policy, aimed
at helping return excess capital to shareholders. Since 2008,
the bank had paid an average 31 percent payout ratio.
(Reporting by Guillermo Parra-Bernal)