Latin America Financials: Citi’s Daily Statement – 2026.06.24– Itau In-Office Work Changes; IRB LPT; Bradesco IoC; Gentera CFO Meeting; BZ Banks Upd.

Research evidence excerpt

Latin America Financials: Citi’s Daily Statement – 2026.06.24– Itau In-Office Work Changes; IRB LPT; Bradesco IoC; Gentera CFO Meeting; BZ Banks Upd.

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24 Jun 2026 08:38:22 ET │ 10 pages

Latin America Financials

Citi’s Daily Statement – 2026.06.24 – Itau In-Office Work Changes; IRB

LPT; Bradesco IoC; Gentera CFO Meeting; BZ Banks Upd.

CITI’S TAKE

Daily report over key topics of LatAm financial companies under Citi’s

coverage.

Gustavo SchrodenACItaú to Increase In-Office Work Frequency Starting in 2028 (Valor, Jun 23)

+55-11-4009-5858

Itaú announced that it will shift to a hybrid model requiring employees to work in the gustavo.schroden@citi.com

office three days per week starting in 2028, after nearly eight years of more flexible Arnon Shirazi, CFA

arrangements. For senior roles such as superintendents, the requirement will rise to +55-11-4009-7906

four in-office days beginning in 2027. The bank says the move aligns with global arnon.shirazi@citi.com

trends and will be supported by investments in office infrastructure, though it has

drawn criticism from unions, which argue the current hybrid model improves Brian Flores, CFA

productivity and quality of life. +55-11-4009-2842

luis.brian.flores@citi.com

IRB Completes Transfer of London Run-Off Portfolio to Community Re (Company

filing, Jun 23)

IRBs announced the completion of the transfer of its London branch’s run-off

portfolio to Community Re (Carrick Group), following regulatory and audit approvals.

This marks the final step of a loss portfolio transfer process initiated in November

2023, aiming to release obligations related to a legacy business that has been in run-

off since 1983. The accounting impacts will be recognized in the company’s 2Q26

financial statements.