Dec ember 3 1

Ban c o I t a ú H o l d i n g F i n a n c e i r a S . A . – C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s - December 31, 2007
NOTE 19 – INFORMATION ON FOREIGN SUBSIDIARIES
Foreign branches (1)
12/31/2007
Banco Itaú Europa S.A.
Consolidated (2)
Banco Itaú Buen Ayre S.A.
12/31/2006
12/31/2007
12/31/2006
12/31/2007
12/31/2006
Itau Bank, Ltd.
12/31/2007
12/31/2006
Consolidated
Chile (3)
Consolidated
Uruguay (4)
12/31/2007
12/31/2007
Other foreign
companies (5)
12/31/2007
Foreign consolidated (6)
12/31/2006
12/31/2007
12/31/2006
Assets
Current and long-term receivables
Cash and cash equivalents
Interbank investments
Securities
Loan, lease and other credit operations
Prepaid expenses
Other assets
242,553
8,239,897
9,555,597
4,711,035
17,030
715,834
170,285
3,097,117
10,932,561
4,369,182
24,736
581,576
68,295
174,453
89,250
1,230,899
860
332,772
62,524
168
220,439
815,215
1,493
298,187
284,731
5,031,436
1,587,519
3,366,921
20,042
148,183
71,407
3,699,098
2,033,059
2,194,378
20,343
119,892
74,568
1,535,684
1,652,034
263,373
4
280,732
62,208
2,651,263
1,338,119
2,936
6
342,235
180,859
29,805
1,073,070
6,307,395
26,496
464,473
291,032
466,443
64,624
1,044,709
8,746
88,989
176,541
67,304
567,391
364,994
31
239,987
431,042
208,478
65,715
1,586
62,019
1,122,007
12,645,825
14,209,352
16,848,912
73,229
2,088,832
386,912
7,045,100
14,256,590
7,374,521
48,215
1,388,280
Permanent assets
Investments
Fixed assets and deferred charges
8,179
484,461
6,593
5,315
35,444
6,578
37,084
596,435
253,845
598,296
14,866
319,564
-
79,483
2,166
840
136,409
35
20,283
2,787,290
4,605
2,772,502
4,084
764,215
458,766
700,926
63,083
23,490,125
19,666,511
1,937,288
1,441,688
11,289,112
8,751,339
4,125,959
4,478,416
8,219,347
1,984,861
4,208,143
3,545,426
48,211,138
31,263,627
4,996,805
1,047,579
27,050
3,922,176
848,762
1,117,957
7,803,446
926,498
2,034,959
3,474,307
1,045,378
8,341
2,420,588
3,396,846
787,934
3,729,865
634,120
2,677,683
1,600,570
292,427
324,925
43,073
940,145
62,874
92,193
1,129,923
318,977
305,950
21,941
483,055
10,036
83,343
6,212,404
1,129,642
1,003,182
4,079,580
160,190
2,049,914
1,002,395
64,146
682,913
4,122,287
413,344
1,872,271
1,836,672
175,847
2,571,701
564,768
30,633
40,289
1,540,318
200,611
526,399
813,308
384,040
63,203
4,570
164,236
788,188
2,117,568
73,304
969,304
1,074,960
91,666
95,623
5,771
42,081
923,854
5,213,137
946,120
4,267,017
194,132
906,993
710,995
127,405
273,928
1,417,778
751,530
399,163
30,397
236,688
6,447
343,059
292,419
53,726
79,067
10
8,461
72,487
18,121,402
3,653,517
724,089
1,291,116
12,452,680
1,433,400
4,134,278
9,569,246
1,169,475
3,701,794
8,135,584
1,087,354
305,950
2,275,296
4,466,984
3,473,851
3,387,819
4,011,891
670,183
3,733,123
5,652
9,441
-
-
7,694
5,569
613
6
227
-
402
438
14,587
15,454
-
-
-
-
37
107
-
-
83
14
106
145
20,686
90,942
5,542,264
213,782
4,590,963
365,352
175,643
6,008
207,311
11,075
1,124,825
115,313
1,172,024
8,767
695,314
97,133
169,000
48,563
3,492,957
289,466
3,206,092
257,793
9,488,274
557,996
7,175,511
569,269
Total
Liabilities
Current and long-term liabilities
Deposits
Demand deposits
Savings deposits
Interbank deposits
Time deposits
Deposits received under securities repurchase agreements
Funds from acceptance and issuance of securities
Borrowings
Derivative financial instruments
Other liabilities
Deferred income
Minority interest in subsidiaries
Stockholders’ equity
Capital and reserves
Net income
1,116,926
(7,507)
1,215,843
(13,996)
Total
23,490,125
19,666,511
1,937,288
1,441,688
11,289,112
8,751,339
4,125,959
4,478,416
8,219,347
1,984,861
4,208,143
3,545,426
48,211,138
31,263,627
(1) Banco Itaú S.A. - Grand Cayman, New York and Tokyo branches, Banco Itaú-BBA S.A. - Nassau Branch, Banco Itaú-BBA S.A. – Uruguay branch, Banco Itaú Holding Financeira S. A. - Grand Cayman branch and Banco Itaubank S.A. - Nassau branch.
(2) Banco Itaú Europa, S.A., BIE - Bank & Trust, Ltd., Banco Itaú Europa Luxembourg S.A., Banco Itaú Europa Fund Management Company, S.A., BIEL Fund Management Company S.A., BIE Cayman, Ltd., and only on December 31, 2007, Banco Itaú Europa International and Bie Bank & Trust
Bahamas Ltd.
(3) Itaú Chile Holdings, Inc., BICSA Holdings LTD., Banco Itaú Chile S.A., Itaú Chile Inversiones, Servicios Y Administración S.A., Itaú Chile Corredor de Bolsa Ltda., Itaú Chile Corredora de Seguros Ltda., Itaú Chile Administradora General de Fondos S.A., Itaú Chile Securitizadora S.A. and
Recuperadora de Créditos Ltda.
(4) ACO Ltda., Banco Itaú Uruguay S.A., Itaú Uruguay Directo S.A., OCA Casa Financiera S.A. and OCA S.A.
(5) Afinco Americas Madeira, SGPS, Soc. Unipessoal Ltda., BFB Overseas N.V., BFB Overseas Cayman, Ltd., Itaú Asset Management S. A. Sociedad Gerente de Fondos Comunes de Inversión, Itaú Europa, SGPS, Lda., Itaúsa Portugal - SGPS, S.A., Zux Cayman Company Ltd., Zux SGPS, Lda,
BIEL Holdings AG, IPI - Itaúsa Portugal Investimentos, SGPS Lda., Itaú Europa Luxembourg Advisory Holding Company S.A.,Itaúsa Europa - Investimentos, SGPS, Lda., Agate SàRL, ITB Holding Ltd., Topaz Holding Ltd., Itaú USA Inc, Jasper International Investiment LLC, Itauinv - Itaú
International Investment LLC, ITrust Servicios Financieros S.A., Albarus S.A., Banco Del Paraná S. A., Amethyst Holding Ltd., Garnet Corporation, Zircon Corporation, Spinel Corporation, Tanzanite Corporation, Itaú Sociedad de Bolsa S.A., Peroba Ltd., Mundostar S.A., Karen International Ltd.,
Nevada Woods S.A. , AKBAR - Marketing e Serviços, Lda (only on December 31, 2006), Itaú Asia Limited (only on December 31, 2007), Líbero Trading International Ltd and Itaú Securities, Inc.
(6) Information on foreign consolidated presents balances net of eliminations from consolidation.
142