Quarterly Management Discussion & Analysis (MDA300905.pdf)
Quarterly Management Discussion & Analysis (MDA300905.pdf) Quarterly Management Discussion & Analysis (MDA300905.pdf)
PricewaterhouseCoopersAv. Francisco Matarazzo, 1700Torre TorinoCaixa Postal 6100505001-400 São Paulo, SP - BrasilTelefone (0xx11) 3674-2000Report of Independent Auditors on Supplementary InformationTo the Board of Directors and StockholdersBanco Itaú Holding Financeira S.A.1. In connection with our limited review of the Quarterly Information of Banco Itaú Holding Financeira S.A. and itssubsidiaries (consolidated) as of September 30, 2005 and 2004, on which we issued a report without exceptionsdated October 24, 2005, we performed a review of the supplementary information included in Management'sReport on the Consolidated Operations of Banco Itaú Holding Financeira S.A. and its subsidiaries (consolidated).2. Our work was performed in accordance with specific rules set forth by the Institute of Independent Auditors ofBrazil (IBRACON), in conjunction with the Federal Accountancy Council, for the purpose of reviewing theaccounting information contained in the supplementary information of Management's Report on the ConsolidatedOperations of Banco Itaú Holding Financeira S.A. and its subsidiaries, and mainly comprised: (a) inquiry of, anddiscussion with, management responsible for the accounting, financial and operational areas of the Bank withregard to the main criteria adopted for the preparation of the accounting information presented in thesupplementary information and (b) a review of the significant information and of the subsequent events whichhave, or could have, significant effects on the financial position and operations of the Bank and its subsidiaries.The supplementary information included in Management's Report on the Consolidated Operations is presentedto permit additional analysis. Notwithstanding, this information should not be considered an integral part of theQuarterly Information.3. On the basis of our review, we are not aware of any material modifications that should be made to thissupplementary information, in order for it to be adequately presented, in all material respects, in relation to theQuarterly Information taken as a whole.São Paulo, October 24, 2005PricewaterhouseCoopersAuditores IndependentesCRC 2SP000160/O-5Ricardo BaldinContadorCRC 1SP110374/O-050 Management Discussion and AnalysisBanco Itaú Holding Financeira S.A.
- Page 5: Executive SummaryConsolidated State
- Page 10 and 11: Executive Summary - Third Quarter o
- Page 12 and 13: Analysis of the Consolidated Net In
- Page 14 and 15: Analysis of the Consolidated Net In
- Page 16 and 17: Analysis of the Consolidated Perfor
- Page 18 and 19: Analysis of the Consolidated Net In
- Page 20 and 21: Analysis of the Consolidated Net In
- Page 22 and 23: 22 Management Discussion and Analys
- Page 24 and 25: Pro Forma Financial Statements by S
- Page 26 and 27: Pro Forma Financial Statements by S
- Page 28 and 29: Itaubanco - Branch BankingThe state
- Page 30 and 31: Insurance, Pension Plan and Capital
- Page 32 and 33: Insurance, Pension Plan and Capital
- Page 34 and 35: Investment Funds and Managed Portfo
- Page 36 and 37: ItaucredThe following tables are ba
- Page 38 and 39: ItaucredVehiclesThe Vehicle segment
- Page 40 and 41: Risk ManagementMarket RiskBanco Ita
- Page 42 and 43: Risk ManagementCredit RiskCredit Op
- Page 44 and 45: Analysis of the Consolidated Balanc
- Page 46 and 47: Activities AbroadTrade Lines Raisin
- Page 48 and 49: Ownership StructureOwnership Struct
PricewaterhouseCoopersAv. Francisco Matarazzo, 1700Torre TorinoCaixa Postal 6100505001-400 São Paulo, SP - BrasilTelefone (0xx11) 3674-2000Report of Independent Auditors on Supplementary InformationTo the Board of Directors and StockholdersBanco Itaú Holding Financeira S.A.1. In connection with our limited review of the <strong>Quarterly</strong> Information of Banco Itaú Holding Financeira S.A. and itssubsidiaries (consolidated) as of September 30, 2005 and 2004, on which we issued a report without exceptionsdated October 24, 2005, we performed a review of the supplementary information included in <strong>Management</strong>'sReport on the Consolidated Operations of Banco Itaú Holding Financeira S.A. and its subsidiaries (consolidated).2. Our work was performed in accordance with specific rules set forth by the Institute of Independent Auditors ofBrazil (IBRACON), in conjunction with the Federal Accountancy Council, for the purpose of reviewing theaccounting information contained in the supplementary information of <strong>Management</strong>'s Report on the ConsolidatedOperations of Banco Itaú Holding Financeira S.A. and its subsidiaries, and mainly comprised: (a) inquiry of, anddiscussion with, management responsible for the accounting, financial and operational areas of the Bank withregard to the main criteria adopted for the preparation of the accounting information presented in thesupplementary information and (b) a review of the significant information and of the subsequent events whichhave, or could have, significant effects on the financial position and operations of the Bank and its subsidiaries.The supplementary information included in <strong>Management</strong>'s Report on the Consolidated Operations is presentedto permit additional analysis. Notwithstanding, this information should not be considered an integral part of the<strong>Quarterly</strong> Information.3. On the basis of our review, we are not aware of any material modifications that should be made to thissupplementary information, in order for it to be adequately presented, in all material respects, in relation to the<strong>Quarterly</strong> Information taken as a whole.São Paulo, October 24, 2005PricewaterhouseCoopersAuditores IndependentesCRC 2SP000160/O-5Ricardo BaldinContadorCRC 1SP110374/O-050 <strong>Management</strong> <strong>Discussion</strong> and <strong>Analysis</strong>Banco Itaú Holding Financeira S.A.