Itau Unibanco Holding Chief Executive Officer Roberto Setubal

Itau Unibanco Holding Chief Executive Officer Roberto Setubal

Paulo Fridman/Bloomberg

Itau, led by Chief Executive Officer Roberto Setubal set aside 5.94 billion reais for bad loans in the quarter. That’s down from 5.99 billion reais in the three previous months, though it’s higher than the 4.97 billion reais in the year- earlier period.