Ita Uni banco is the 8th largest bank in the world by market value (2011). Ita Uni banco accounts for about 11% of the Brazilian market for retail banking services. It has operations in Argentina, Chile, Paraguay and Uruguay in South America, as well as in England, Luxembourg and Portugal in Europe; USA; Japan, China, Hong Kong and UAE in Asia. It is the most important affiliate of Investimentos Ita (Itasa), a large conglomerate that ranks among Fortune magazine's top 500 corporations in the world. Total assets: US$ 540.2 billion (as of December 31, 2011). Net income: US$ 8.3 billion (2010).