v3.26.1
Loan and lease operations
 12 Months Ended
Dec. 31, 2025
Loan and Lease Operations [Abstract]  
Loan and lease operations Loan and lease operations
The accounting policy on financial assets and liabilities is presented in Note 2c IV.
a) Composition of loans and lease operations portfolio
Below is the composition of the carrying amount of loan and lease operations by type, sector of debtor, maturity and concentration:
Loans and lease operations by type12/31/202512/31/2024
Gross book valueGross book value
Individuals473,226 445,574 
Credit card153,526 143,048 
Personal loan66,498 66,104 
Payroll loans75,319 74,524 
Vehicles36,303 36,637 
Mortgage loans141,580 125,261 
Companies380,288 357,633 
Large companies158,738 152,412 
Micro / small and medium companies221,550 205,221 
Foreign loans - Latin America230,284 222,286 
Total (1)
1,083,798 1,025,493 
Expected credit loss(48,341)(49,024)
Total loans and lease operations, net of Expected Credit Loss1,035,457 976,469 
1) For better presentation and comparability, comparative balances have been reclassified according to current criteria.
By maturity12/31/202512/31/2024
Gross book valueGross book value
Overdue as from 1 day23,280 23,496 
Falling due up to 3 months270,555 273,729 
Falling due from 3 months to 12 months258,364 262,710 
Falling due after 1 year531,599 465,558 
Total1,083,798 1,025,493 
By concentration12/31/202512/31/2024
Gross book valueGross book value
Largest debtor7,032 6,658 
10 largest debtors49,933 44,294 
20 largest debtors73,601 66,407 
50 largest debtors118,551 106,980 
100 largest debtors162,236 148,748 
The Provision for expected credit loss comprises Expected credit loss for operations of financial guarantees, credit commitments and credits to be released of R$ (1,793) (R$ (4,928) at 12/31/2024).
The breakdown of the loans and lease operations portfolio by debtor’s industry is described in Note 32, item 1.4.1 - By business sector.
b) Gross book value by stages
Stage 1Balance at
12/31/2024		Transfer to Stage 2
Transfer to Stage 3 (1)
Cure from Stage 2Cure from Stage 3Acquisition /
(Settlement)		Write-offBalance at
12/31/2025
Individuals347,749 (29,288)(4,101)36,920 355 59,172 - 410,807 
Companies332,440 (8,619)(2,135)6,727 506 30,346 - 359,265 
Foreign units Latin America196,464 (10,101)(1,166)9,542 1,347 14,859 - 210,945 
Total876,653 (48,008)(7,402)53,189 2,208 104,377 - 981,017 
Stage 2Balance at
12/31/2024		Cure to Stage 1Transfer to Stage 3Transfer from Stage 1Cure from Stage 3Acquisition /
(Settlement)		Write-offBalance at
12/31/2025
Individuals66,468 (36,920)(14,712)29,288 6,652 (15,907)- 34,869 
Companies13,237 (6,727)(6,220)8,619 2,176 (1,339)- 9,746 
Foreign units Latin America14,004 (9,542)(4,474)10,101 2,287 (2,047)- 10,329 
Total93,709 (53,189)(25,406)48,008 11,115 (19,293)- 54,944 
Stage 3Balance at
12/31/2024		Cure to Stage 1Cure to Stage 2Transfer from Stage 1Transfer from Stage 2Acquisition /
(Settlement)		Write-offBalance at
12/31/2025
Individuals31,357 (355)(6,652)4,101 14,712 9,497 (25,110)27,550 
Companies11,956 (506)(2,176)2,135 6,220 (1,213)(5,139)11,277 
Foreign units Latin America11,818 (1,347)(2,287)1,166 4,474 (1,763)(3,051)9,010 
Total55,131 (2,208)(11,115)7,402 25,406 6,521 (33,300)47,837 
Consolidated 3 StagesBalance at
12/31/2024		Acquisition / (Settlement)
Write-off (2)
Balance at
12/31/2025
Individuals445,574 52,762 (25,110)473,226 
Companies357,633 27,794 (5,139)380,288 
Foreign units Latin America222,286 11,049 (3,051)230,284 
Total1,025,493 91,605 (33,300)1,083,798 
1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.
2) Includes updating the estimate regarding the write-off of operations.

Stage 1Balance at
12/31/2023		Transfer to Stage 2
Transfer to Stage 3 (1)
Cure from Stage 2Cure from Stage 3Acquisition /
(Settlement)		Write-offBalance at
12/31/2024
Individuals317,335 (53,024)(1,189)35,139 243 49,245 - 347,749 
Companies278,412 (12,840)(1,734)5,339 212 63,051 - 332,440 
Foreign units Latin America164,907 (8,863)(884)3,378 22 37,904 - 196,464 
Total760,654 (74,727)(3,807)43,856 477 150,200 - 876,653 
Stage 2Balance at
12/31/2023		Cure to Stage 1Transfer to Stage 3Transfer from Stage 1Cure from Stage 3Acquisition /
(Settlement)		Write-offBalance at
12/31/2024
Individuals63,579 (35,139)(14,153)53,024 1,307 (2,150)- 66,468 
Companies14,043 (5,339)(5,974)12,840 538 (2,871)- 13,237 
Foreign units Latin America12,077 (3,378)(4,601)8,863 475 568 - 14,004 
Total89,699 (43,856)(24,728)74,727 2,320 (4,453)- 93,709 
Stage 3Balance at
12/31/2023		Cure to Stage 1Cure to Stage 2Transfer from Stage 1Transfer from Stage 2Acquisition /
(Settlement)		Write-offBalance at
12/31/2024
Individuals35,702 (243)(1,307)1,189 14,153 6,019 (24,156)31,357 
Companies15,190 (212)(538)1,734 5,974 (4,597)(5,595)11,956 
Foreign units Latin America9,345 (22)(475)884 4,601 (959)(1,556)11,818 
Total60,237 (477)(2,320)3,807 24,728 463 (31,307)55,131 
Consolidated 3 StagesBalance at
12/31/2023		Acquisition /
(Settlement)		Write-offBalance at
12/31/2024
Individuals416,616 53,114 (24,156)445,574 
Companies307,645 55,583 (5,595)357,633 
Foreign units Latin America186,329 37,513 (1,556)222,286 
Total (2)
910,590 146,210 (31,307)1,025,493 
1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.
2) For better presentation and comparability, comparative balances have been reclassified according to current criteria.

Modification of contractual cash flows
The amortized cost of financial assets classified in stages 2 and stage 3, which had their contractual cash flows modified was R$ 1,097 (R$ 1,885 at 12/31/2024) before the modification, which gave rise to an effect on profit or loss of R$ 29 (R$ 23 from 01/01 to 12/31/2024). At 12/31/2025, the gross book value of financial assets which had their contractual cash flows modified in the period and were transferred to stage 1 corresponds to R$ 96 (R$ 266 at 12/31/2024).
c) Expected credit loss by stages
Stage 1Balance at
12/31/2024		Transfer to Stage 2
Transfer to Stage 3 (1)
Cure from Stage 2Cure from Stage 3(Increase) / ReversalWrite-offBalance at
12/31/2025
Individuals(6,297)1,420 176 (2,617)(76)1,009 - (6,385)
Companies(2,010)339 45 (634)(30)694 - (1,596)
Foreign units Latin America(2,634)347 76 (1,077)(488)1,934 - (1,842)
Total(10,941)2,106 297 (4,328)(594)3,637 - (9,823)
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
Individuals(5,882)2,617 5,460 (1,420)(1,705)(7,571)- (8,501)
Companies(2,093)634 2,313 (339)(643)(2,275)- (2,403)
Foreign units Latin America(1,628)1,077 939 (347)(482)(1,088)- (1,529)
Total(9,603)4,328 8,712 (2,106)(2,830)(10,934)- (12,433)
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
Individuals(17,730)76 1,705 (176)(5,460)(18,816)25,110 (15,291)
Companies(6,978)30 643 (45)(2,313)(4,067)5,139 (7,591)
Foreign units Latin America(3,772)488 482 (76)(939)(2,437)3,051 (3,203)
Total(28,480)594 2,830 (297)(8,712)(25,320)33,300 (26,085)
Consolidated 3 StagesBalance at
12/31/2024		(Increase) / ReversalWrite-offBalance at
12/31/2025
Individuals(29,909)(25,378)25,110 (30,177)
Companies(11,081)(5,648)5,139 (11,590)
Foreign units Latin America(8,034)(1,591)3,051 (6,574)
Total(49,024)(32,617)33,300 (48,341)
1)In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.

Stage 1Balance at
12/31/2023		Transfer to Stage 2
Transfer to Stage 3 (1)
Cure from Stage 2Cure from Stage 3(Increase) / ReversalWrite-offClosing balance
12/31/2024
Individuals(4,923)1,131 18 (1,809)(7)(707)- (6,297)
Companies(1,929)217 28 (328)(46)48 - (2,010)
Foreign units Latin America(1,891)223 19 (129)(3)(853)- (2,634)
Total(8,743)1,571 65 (2,266)(56)(1,512)- (10,941)
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
Individuals(6,127)1,809 4,769 (1,131)(153)(5,049)- (5,882)
Companies(2,561)328 1,473 (217)(134)(982)- (2,093)
Foreign units Latin America(1,497)129 928 (223)(124)(841)- (1,628)
Total(10,185)2,266 7,170 (1,571)(411)(6,872)- (9,603)
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
Individuals(18,001)7 153 (18)(4,769)(19,258)24,156 (17,730)
Companies(10,709)46 134 (28)(1,473)(543)5,595 (6,978)
Foreign units Latin America(3,225)3 124 (19)(928)(1,283)1,556 (3,772)
Total(31,935)56 411 (65)(7,170)(21,084)31,307 (28,480)
Consolidated 3 StagesBalance at
12/31/2023		(Increase) / ReversalWrite-offBalance at
12/31/2024
Individuals(29,051)(25,014)24,156 (29,909)
Companies(15,199)(1,477)5,595 (11,081)
Foreign units Latin America(6,613)(2,977)1,556 (8,034)
Total (2)
(50,863)(29,468)31,307 (49,024)
1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.
2) For better presentation and comparability, comparative balances have been reclassified according to current criteria.

The consolidated balance of 3 Stages comprises Expected credit loss for Financial guarantees, Credit commitments and Credits to be released of R$ (1,793) (R$ (4,928) at 12/31/2024).
d) Lease operations - Lessor
Leases are composed of vehicles, machines, equipment and real estate in Brazil and abroad. The analysis of portfolio maturities is presented below:
12/31/202512/31/2024
Payments receivableFuture financial incomePresent valuePayments receivableFuture financial incomePresent value
Current2,618 (612)2,006 2,505 (462)2,043 
Non-current8,799 (2,420)6,379 8,987 (2,687)6,300 
From 1 to 2 years2,023 (484)1,539 1,918 (507)1,411 
From 2 to 3 years1,495 (371)1,124 1,481 (392)1,089 
From 3 to 4 years1,254 (288)966 1,024 (309)715 
From 4 to 5 years755 (223)532 960 (256)704 
Over 5 years3,272 (1,054)2,218 3,604 (1,223)2,381 
Total11,417 (3,032)8,385 11,492 (3,149)8,343 
In the period, revenues from leases were R$ 766 (R$ 822 at 01/01 to 12/31/2024).

e) Restricted operations and transfer of financial assets
Restricted and with co-obligation12/31/202501/01 to
12/31/2025		12/31/202401/01 to
12/31/2024
AssetsLiabilitiesIncomeAssetsLiabilitiesIncome
Book valueFair valueBook valueFair valueBook valueFair valueBook valueFair value
Restricted operations on assets9,167 - 9,191 - (26)10,078 - 10,083 - (1)
Loan operations9,167 - - - (621)10,078 - - - 2,603 
Foreign borrowing through securities- - 9,191 - 595 - - 10,083 - (2,604)
Transfer of financial assets199 197 199 197 - 512 509 512 508 - 
Total9,366 197 9,390 197 (26)10,590 509 10,595 508 (1)
Without co-obligation01/01 to 12/31/202501/01 to 01/01 to 12/31/2024
Portfolio transferredIncomePortfolio transferredIncome
Loan operations and other credits886 (33)1,352 17 
Written off operations (WO)10,567 283 14,814 407 
Total11,453 250 16,166 424