v3.26.1
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Schedule Of Derivative Financial Instruments Portfolio (Assets And Liabilities)
By notional amount12/31/202512/31/2024
FuturesForwardOptions SwapsNDFCredit derivativesOtherTotalTotal
Maturity ranges
0-30499,584 56,115 1,452,351 686,500 237,606 2,751 1,081 2,935,988 1,666,491 
31-90224,069 34,281 833,624 515,001 155,756 - 388 1,763,119 649,948 
91-365240,613 61,371 4,419,485 1,222,548 281,022 50,417 635 6,276,091 2,404,815 
366-720140,341 12,554 74,601 773,310 73,963 17,752 2,183 1,094,704 763,763 
Over 720 days212,304 6,037 44,141 1,406,264 45,741 44,352 6,890 1,765,729 1,310,429 
Total1,316,911 170,358 6,824,202 4,603,623 794,088 115,272 11,177 13,835,631 6,795,446 
Total 12/31/2024868,983 5,273 2,325,428 2,844,414 632,408 100,812 18,128 6,795,446 
Counterparties
Stock exchange1,316,883 9,855 6,694,178 2,631,330 143,224 48,710 106 10,844,286 3,452,914 
Over-the-counter market28 160,503 130,024 1,972,293 650,864 66,562 11,071 2,991,345 3,342,532 
Financial institutions28 118,102 81,893 1,593,922 397,802 66,562 7,026 2,265,335 2,766,467 
Companies- 42,356 44,662 341,383 250,286 - 4,045 682,732 541,300 
Individuals- 45 3,469 36,988 2,776 - - 43,278 34,765 
Total1,316,911 170,358 6,824,202 4,603,623 794,088 115,272 11,177 13,835,631 6,795,446 
Total 12/31/2024868,983 5,273 2,325,428 2,844,414 632,408 100,812 18,128 6,795,446 
By fair value - assets12/31/202512/31/2024
FuturesForwardOptionsSwapsNDFCredit derivativesOtherTotalTotal
Maturity ranges
0 - 30 - 2,037 1,388 4,885 2,223 198 570 11,301 15,232 
31 - 90- 414 1,264 1,264 1,719 - 1 4,662 6,405 
91 - 365- 1,462 3,895 4,826 3,153 57 6 13,399 19,804 
366 - 720- 543 1,864 9,371 749 97 17 12,641 11,330 
Over 720 days- 151 3,315 26,838 507 263 307 31,381 39,668 
Total- 4,607 11,726 47,184 8,351 615 901 73,384 92,439 
Total 12/31/2024- 1,739 21,170 55,428 12,207 633 1,262 92,439 
Counterparties
Stock exchange - 420 7,995 20,217 1,137 163 590 30,522 48,562 
Over-the-counter market- 4,187 3,731 26,967 7,214 452 311 42,862 43,877 
Financial institutions- 3,075 2,153 18,975 4,153 452 294 29,102 23,262 
Companies- 1,111 1,500 7,312 3,007 - 17 12,947 1,076 
Individuals- 1 78 680 54 - - 813 19,539 
Total- 4,607 11,726 47,184 8,351 615 901 73,384 92,439 
Total 12/31/2024- 1,739 21,170 55,428 12,207 633 1,262 92,439 
By fair value - liabilities12/31/202512/31/2024
FuturesForwardOptionsSwapsNDFCredit derivativesOtherTotalTotal
Maturity ranges
0 - 30- (3,203)(513)(5,078)(2,574)- (40)(11,408)(10,775)
31 - 90- (621)(895)(1,397)(1,500)- (1)(4,414)(7,206)
91 - 365- (412)(3,056)(4,865)(4,399)(4)(37)(12,773)(22,599)
366 - 720- (119)(1,496)(8,601)(1,749)(52)(6)(12,023)(12,566)
Over 720 days- (26)(2,442)(25,512)(707)(311)(144)(29,142)(32,267)
Total- (4,381)(8,402)(45,453)(10,929)(367)(228)(69,760)(85,413)
Total 12/31/2024- (1,450)(20,588)(51,394)(10,761)(795)(425)(85,413)
Counterparties
Stock exchange- (6)(3,920)(20,200)(1,556)(184)(63)(25,929)(47,800)
Over-the-counter market- (4,375)(4,482)(25,253)(9,373)(183)(165)(43,831)(37,613)
Financial institutions- (3,285)(2,271)(16,909)(4,318)(183)(97)(27,063)(20,154)
Companies- (1,047)(2,171)(5,759)(4,996)- (68)(14,041)(1,713)
Individuals- (43)(40)(2,585)(59)- - (2,727)(15,746)
Total- (4,381)(8,402)(45,453)(10,929)(367)(228)(69,760)(85,413)
Total 12/31/2024- (1,450)(20,588)(51,394)(10,761)(795)(425)(85,413)
Schedule Of Composition Of Derivatives By Index
12/31/202512/31/2024
FuturesForwardOptions SwapsNDFCredit derivativesOtherTotalTotal
Shares
Notional amount15,858 432 2,109,456 2,177 2 6,616 2,727 2,137,268 305,589 
Fair value - asset- 418 7,246 556 - 131 6 8,357 15,315 
Fair value - liability- - (5,163)(978)- (104)(27)(6,272)(13,359)
Commodities
Notional amount16,204 17 15,938 49 10,404 2 774 43,388 29,270 
Fair value - asset- 17 1,274 - 253 - 20 1,564 702 
Fair value - liability- (15)(526)(100)(442)- (20)(1,103)(692)
Interest
Notional amount1,229,994 2,202 4,538,681 4,568,007 - 108,642 7,432 10,454,958 5,335,062 
Fair value - asset- 2,233 1,073 45,302 - 484 321 49,413 47,801 
Fair value - liability- (2,203)(673)(43,777)- (263)(147)(47,063)(42,608)
Foreign currency
Notional amount54,855 167,707 160,127 33,390 783,682 12 244 1,200,017 1,125,525 
Fair value - asset- 1,939 2,133 1,326 8,098 - 554 14,050 28,621 
Fair value - liability- (2,163)(2,040)(598)(10,487)- (34)(15,322)(28,754)
Schedule Of Portfolio Of Credit Derivatives
12/31/2025
Maximum potential of future payments,
gross		Up to 1 yearFrom 1 to 3 yearsFrom 3 to 5 yearsOver 5 years
By instrument
CDS34,561 1,482 13,844 16,210 3,025 
TRS52,573 50,904 1,669 - - 
Total by instrument87,134 52,386 15,513 16,210 3,025 
By risk rating
Investment grade9,500 299 2,402 6,675 124 
Below investment grade77,634 52,087 13,111 9,535 2,901 
Total by risk87,134 52,386 15,513 16,210 3,025 
By reference entity
Brazilian government74,760 51,550 11,757 8,806 2,647 
Governments – abroad470 6 225 237 2 
Private entities11,904 830 3,531 7,167 376 
Total by entity87,134 52,386 15,513 16,210 3,025 
12/31/2024
Maximum potential of future payments,
gross		Up to 1 yearFrom 1 to 3 yearsFrom 3 to 5 yearsOver 5 years
By instrument
CDS37,066 6,463 11,940 18,192 471 
TRS36,037 36,037 - - - 
Total by instrument73,103 42,500 11,940 18,192 471 
By risk rating
Investment grade10,014 1,222 1,544 7,153 95 
Below investment grade63,089 41,278 10,396 11,039 376 
Total by risk73,103 42,500 11,940 18,192 471 
By reference entity
Brazilian government59,799 40,664 8,678 10,284 173 
Governments – abroad411 78 141 192 - 
Private entities12,893 1,758 3,121 7,716 298 
Total by entity73,103 42,500 11,940 18,192 471 
Schedule Of Notional Amount Of Purchased Credit Derivatives
12/31/2025
Received risk Transferred riskNet risk
Credit derivatives
CDS(34,561)28,138 (6,423)
TRS(52,573)- (52,573)
Total(87,134)28,138 (58,996)
12/31/2024
Received riskTransferred riskNet risk
Credit derivatives
CDS(37,066)27,708 (9,358)
TRS(36,037)- (36,037)
Total(73,103)27,708 (45,395)
Schedule Of Financial Assets Subject To Offsetting, Enforceable Master Netting Arrangements And Similar Agreements
Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements:
12/31/2025
Gross amount of recognized financial assets (1)
Gross amount offset in the
Balance Sheet		Net amount of financial assets
presented in the Balance Sheet
Related amounts not offset in the Balance Sheet (2)
Total
Financial instruments (3)
Cash collateral received
Securities purchased under agreements to resell280,595 - 280,595 (91)- 280,504 
Derivatives73,384 - 73,384 (25,593)(99)47,692 
12/31/2024
Gross amount of recognized financial assets (1)
Gross amount offset in the
Balance Sheet		Net amount of financial assets
presented in the Balance Sheet
Related amounts not offset in the Balance Sheet (2)
Total
Financial instruments (3)
Cash collateral received
Securities purchased under agreements to resell243,219 - 243,219 (11,648)- 231,571 
Derivatives92,439 - 92,439 (637)(367)91,435 
Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements:
 12/31/2025
Gross amount of recognized financial liabilities (1)
Gross amount offset in the
Balance Sheet		Net amount of financial
liabilities presented in the
Balance Sheet
Related amounts not offset in the Balance Sheet (2)
Total
Financial instruments (3)
Cash collateral pledged
Securities sold under repurchase agreements434,607 - 434,607 (5,479)- 429,128 
Derivatives69,760 - 69,760 (25,593)- 44,167 
12/31/2024
Gross amount of recognized financial liabilities (1)
Gross amount offset in the
Balance Sheet		Net amount of financial
liabilities presented in the
Balance Sheet
Related amounts not offset in the Balance Sheet (2)
Total
Financial instruments (3)
Cash collateral pledged
Securities sold under repurchase agreements388,787 - 388,787 (309,008)- 79,779 
Derivatives85,413 - 85,413 (637)- 84,776 
1) Includes amounts of master offset agreements and other such agreements, both enforceable and unenforceable.
2) Limited to amounts subject to enforceable master offset agreements and other such agreements.
3) Includes amounts subject to enforceable master offset agreements and other such agreements, and guarantees in financial instruments.