| SUBORDINATED DEBT |
| a) | Composition of subordinated debt |
| Schedule of composition of
subordinated debt |
|
|
|
|
| Maturity |
R$ thousands |
| Original term in years |
Nominal amount |
On December 31, 2025 |
On December 31, 2024 |
| In Brazil: |
|
|
|
|
| Financial bills: |
|
|
|
|
| 2025 |
7 |
- |
- |
6,659,038 |
| 2027 |
7 |
13,000 |
24,005 |
640,590 |
| 2025 |
8 |
- |
- |
3,693,797 |
| 2026 |
8 |
694,800 |
1,380,842 |
1,193,335 |
| 2028 |
8 |
- |
- |
88,658 |
| 2030 |
8 |
2,368,200 |
3,923,963 |
3,365,783 |
| 2025 |
9 |
- |
- |
755,966 |
| 2027 |
9 |
89,700 |
187,469 |
163,973 |
| 2025 |
10 |
- |
- |
648,219 |
| 2026 |
10 |
196,196 |
655,486 |
571,365 |
| 2027 |
10 |
256,243 |
586,866 |
523,757 |
| 2028 |
10 |
248,300 |
567,279 |
505,316 |
| 2030 |
10 |
124,500 |
213,615 |
210,044 |
| 2031 |
10 |
7,270,000 |
13,246,380 |
11,319,069 |
| 2032 |
10 |
5,378,500 |
8,884,021 |
7,606,668 |
| 2033 |
10 |
531,000 |
700,964 |
626,578 |
| 2035 |
10 |
2,503,500 |
2,519,653 |
- |
| 2026 |
11 |
2,500 |
4,531 |
4,337 |
| 2027 |
11 |
47,046 |
118,795 |
102,990 |
| 2028 |
11 |
74,764 |
176,548 |
159,193 |
| Perpetual |
- |
19,064,300 |
21,524,109 |
18,620,251 |
| Total (1) |
|
|
54,714,526 |
57,458,927 |
| (1) | | Includes the amount of R$50,648,748 thousand (R$43,096,504 thousand on December 31, 2024),
referring to subordinated debt recognized in “Eligible Debt Capital Instruments” for regulatory capital purpose. |
| b) | Changes in subordinated debt |
| Schedule of changes in subordinated debt |
|
|
| |
R$ thousands |
| 2025 |
2024 |
| Opening balances on January 1 |
57,458,927 |
50,337,854 |
| Issuance |
8,059,200 |
9,000,300 |
| Interest accrued |
8,397,038 |
6,378,786 |
| Settlement and interest payments |
(19,200,639) |
(8,258,013) |
| Closing balance on December 31 |
54,714,526 |
57,458,927 |
|