v3.26.1
Securities at fair value through other comprehensive income (FVOCI)
 12 Months Ended
Dec. 31, 2025
Financial Assets At Fair Value Through Other Comprehensive Income - Securities [Abstract]  
Securities at fair value through other comprehensive income (FVOCI) Securities at fair value through other comprehensive income (FVOCI)
The accounting policy on financial assets and liabilities is presented in Note 2c IV.
12/31/202512/31/2024
Gross book valueFair value adjustmentFair valueGross book valueFair value adjustmentFair value
Government securities122,487 (1,597)120,890 102,483 (3,610)98,873 
Brazil83,366 (1,603)81,763 67,990 (3,613)64,377 
Latin America25,173 (30)25,143 21,421 49 21,470 
Abroad13,948 36 13,984 13,072 (46)13,026 
Corporate securities11,381 (578)10,803 7,219 (355)6,864 
Rural product note- - - 127 (1)126 
Bank deposit certificates168 (1)167 82 1 83 
Real estate receivables certificates221 1 222 60 (3)57 
Debentures4,582 (169)4,413 1,708 (210)1,498 
Eurobonds and other6,281 (410)5,871 4,957 (145)4,812 
Financial bills5 - 5 51 2 53 
Other124 1 125 234 1 235 
Total133,868 (2,175)131,693 109,702 (3,965)105,737 
Shares (designated at FVOCI)1,840 (1,060)780 1,762 (1,196)566 
Total135,708 (3,235)132,473 111,464 (5,161)106,303 
Expected credit loss (Income)(480)(257)
Fair value adjustment (OCI)(2,755)(4,904)
Fair value132,473 106,303 
The Securities pledged in guarantee of funding transactions with financial institutions and customers and post-employment benefits (Note 26b), are: a) Government securities - Brazil R$ 29,581 (R$ 33,971 at 12/31/2024), b) Government securities - Latin America R$ 3,519 (R$ 3,050 at 12/31/2024), c) Government securities - Abroad R$ 1,113 (R$ 0 at 12/31/2024) and d) Corporate securities R$ 3,125 (R$ 986 at 12/31/2024), totaling R$ 37,338 (R$ 38,007 at 12/31/2024).
Regarding the shares designated to FVOCI, there was no receipt of dividends and sale of shares in the period.
Securities at FVOCI, by maturity:
12/31/202512/31/2024
Gross book valueFair valueGross book valueFair value
Current43,812 42,729 41,123 39,877 
Non-stated maturity1,840 781 1,762 566 
Up to one year41,972 41,948 39,361 39,311 
Non-current91,896 89,744 70,341 66,426 
From one to five years66,032 66,206 49,121 47,809 
From five to ten years15,687 15,154 11,201 10,803 
After ten years10,177 8,384 10,019 7,814 
Total135,708 132,473 111,464 106,303 
Reconciliation of expected credit loss for securities at FVOCI, except for shares designated at FVOCI, segregated by stages:
Stage 1Balance at
12/31/2024		Transfer to stage 2Transfer to stage 3Cure from stage 2Cure from stage 3(Increase) / ReversalWrite-offBalance at
12/31/2025
Government securities(43)— — — — 40 — (3)
Corporate securities(73)— 14 (14)— 58 — (15)
Total(116)— 14 (14)— 98 — (18)
Stage 2Balance at
12/31/2024		Cure to stage 1Transfer to stage 3Transfer from stage 1Cure from stage 3(Increase) / ReversalWrite-offBalance at
12/31/2025
Corporate securities(127)14 113 - - - - - 
Total(127)14 113 - - - - - 
Stage 3Balance at
12/31/2024		Cure to stage 1Cure to stage 2Transfer from stage 1Transfer from stage 2(Increase) / ReversalWrite-offBalance at
12/31/2025
Corporate securities(14)- - (14)(113)(321)- (462)
Total(14)- - (14)(113)(321)- (462)
Stage 1Balance at
12/31/2023		Transfer to stage 2Transfer to stage 3Cure from stage 2Cure from stage 3(Increase) / ReversalWrite-offBalance at
12/31/2024
Government securities(38)- - - - (5)- (43)
Corporate securities(79)55 — (21)— (28)— (73)
Total(117)55 — (21)— (33)— (116)
Stage 2Balance at
12/31/2023		Cure to stage 1Transfer to stage 3Transfer from stage 1Cure from stage 3(Increase) / ReversalWrite-offBalance at
12/31/2024
Corporate securities(24)21 - (55)- (69)- (127)
Total(24)21 - (55)- (69)- (127)
Stage 3Balance at
12/31/2023		Cure to stage 1Cure to stage 2Transfer from stage 1Transfer from stage 2(Increase) / ReversalWrite-offBalance at
12/31/2024
Corporate securities(26)- - - - 12 - (14)
Total(26)- - - - 12 - (14)