Itaú Unibanco Holding announced consolidated earnings results for the second quarter and first six months of fiscal 2016. The bank's net income excluding extraordinary items was BRL 5.58 billion (USD 1.71 billion). The second quarter result was 9.11% lower than the same period in 2015 and up 8.0% quarter-on-quarter. The recurring second quarter ROE was 20.6%.

For the six months, the company announced that income before tax and minority interests showed 19% contraction when compared with last year.

The company believed that in the whole year of 2016, the implicit tax rate should be something between 27% and 28%.