Itau Unibanco remained Brazil's largest private bank after posting a net income of 1.736 billion U.S. dollars in the first quarter, up 1.34 percent year on year.

In a statement released on Tuesay, Itau's Corporate Controller and Head of Investor Relations Rogerio Calderon also said the bank considers Mexico and Peru strategic markets to expand its presence in Latin America.

Itau is already present in Argentina, Uruguay, Paraguay and Chile. Endi