Itaú Unibanco Holding
Q2 2022 Earnings Call
Aug 09, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Renato Jacob
Good morning, everyone. I'm Renato Lulia, the IR Officer for Itau Unibanco. Thank you for taking part in our video conference to talk about the earnings for 2Q '22. This event is being held here from our studio headquarters in Faria Lima Avenue.
So I'd like to give you some instructions so you can join the event. For those who are on the website, you have three options to hear. All content in Portuguese, all content in English, or in original audience. For the first option, two options, we have simultaneous translation.
So click on the flag on the top left-hand corner of your screen, you can also submit your questions by WhatsApp. Just click on the icon on your screen if you're watching on the website, or send a message to the phone number 5511-9452-9674. So the information is also available for download on the hot side screen and on IR website. So now I'm going to hand over to Milton, who will give his presentation and I'll be back to moderate the Q&A session, Milton over to you.
Milton Maluhy Filho -- President
Good morning, everyone. Welcome once again to our video conference for the earnings of 2Q '22. I'll give you information during some slides and then we'll go into our traditional chat during the Q&A with our investors. Thank you.
So to begin, we have disclosed the results of BRL 7.7 billion. That's the recurring managerial result increase of 4.3% quarter over quarter. We have consolidated ROE 28.8 but in Brazil, we're considering 21.6 which is strong return. In the credit portfolio, I'd like to highlight BRL 1,084 billion, a growth of 5% and consolidated 5.5% in Brazil, I'll give you more flavor to that briefly.
The annualized average margin achieved 8.4%, a growth of 0.5 percentage points in the quarter and 9.2% in Brazil growth of 0.3 percentage points. Our NPL considering over 90 days, 2.7 consolidated a growth of 0.1 percentage points and in Brazil 3% as well with a growth of 0.1 percentage points. And important figures, our efficiency index in the consolidated was 40.8%. In Brazil another quarter where we've achieved the best index of the series 38.7%.