The publication in question, which spoke about the declaration of bankruptcy by Itaú, made the allegation that the bank would have “more debts than assets”. However, the information is misleading and a team of company employees made sure to deny the information. See below for more information about this false claim of itau bankrupt.
Itaú denies bankruptcy information
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Shareholders of the company disclose documents that contradict the thesis that Itaú would be without “cash in cash” or “shares in stock”. After the most recent results released by Itaú, which are related to the 3rd quarter of last year, Itaú had approximately R$157 billion in shareholders' equity. This value represents the difference between the assets and the relative of the company.
The balance sheet reported that there is around R$35 billion in cash available, and R$316 billion in liquid financial investments. But these amounts can be handled quickly in case of urgent needs.
According to Itaú, around 3.3 million shares were held in treasury in September last year. These shares were issued by the bank in the past and soon afterwards repurchased by the company, even though the amount represented only 0.03% of the total shares of 71 million at the time.
Cash on hand
After the allegation that Itaú allegedly had no cash on hand, the text of the allegation mentioned a court blocking order that would not have found anything in the company's CNPJs, in 2020.
However, on September 18, 2020, Judge Rosana Lúcia de Canelas Bastos, of the 1st Civil and Business Court of the Judicial District of Belém, in the Pará, determined the blocking of R$ 2.09 billion from the financial institution in an indemnity action, which was running in secret from Justice.
Itaú, in response to Estadão, stated that the blocking was carried out, but that there was no notification to the court, as the Search System of Assets of the Judiciary Power (SISBAJUD), operated by the Central Bank with financial entities, presented instability in the period.
It was even written in a demonstration that this block would have resulted in “zero reais”, but they did not find anyone to clarify whether this was due to an error in the system or for another reason. And the Court of Justice of Pará (TJ-PA) did not respond to requests for information in the report.