Itaú CEO: High rates challenge market, bank portfolio outperforms

Itaú Unibanco CEO Milton Maluhy said the high-interest-rate environment and elevated household debt are challenging for the market, but the bank's portfolio is outperforming with stable delinquency for six quarters. He pushed back on the notion that banks prefer high rates, signaling a cautious credit outlook. This suggests resilience in Brazil's largest private bank amid a tight monetary cycle.