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v3.22.1

Post-employment benefits (Tables) | 12 Months Ended
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Dec. 31, 2021
Text Block [Abstract] |
Summary of Main Assumptions Used in Actuarial Valuation of Retirement Plans | The most relevant demographic assumption comprise of mortality table and the most relevant financial assumptions include: discount rate and inflation.
|  | 12/31/2021 |  | 12/31/2020
Mortality table (1) |  | AT-2000 |  | AT-2000
Discount rate (2) |  | 9.46% p.a. |  | 7.64% p.a.
Inflation (3) |  | 4.00% p.a. |  | 4.00% p.a.
Actuarial method |  | Projected Unit Credit |  | Projected Unit Credit
(1) | Correspond to those disclosed by SOA – “Society of Actuaries”, that reflect a 10% increase in the probabilities of survival regarding the respective basic tables.
(2) | Determined based on market yield relating to National Treasury Notes (NTN-B) and compatible with the economic scenario observed on the balance sheet closing date, considering the volatility of interest market and models used.
(3) | Refers to estimated long-term projection.
Retired plans sponsored by foreign subsidiaries - Banco Itaú (Suisse) S.A., Itaú CorpBanca Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actual assumptions adequate to masses of participants and the economic scenario of each country.
Summary of Allocation of Assets by Category Segmented into Quoted and Not Quoted in Active Market | Below is a table with the allocation of assets by category, segmented into Quoted in an Active Market and Not Quoted in an Active Market:
|  | Fair value |  |  | % Allocation |
Types |  | 12/31/2021 |  |  | 12/31/2020 |  |  | 12/31/2021 |  |  | 12/31/2020 |
Fixed income securities |  |  | 19,904 |  |  |  | 21,172 |  |  |  | 90.8 | % |  |  | 91.2 | %
Quoted in an active market |  |  | 19,508 |  |  |  | 20,804 |  |  |  | 89.0 | % |  |  | 89.6 | %
Non quoted in an active market |  |  | 396 |  |  |  | 368 |  |  |  | 1.8 | % |  |  | 1.6 | %
Variable income securities |  |  | 1,323 |  |  |  | 1,387 |  |  |  | 6.1 | % |  |  | 5.9 | %
Quoted in an active market |  |  | 1,312 |  |  |  | 1,378 |  |  |  | 6.0 | % |  |  | 5.9 | %
Non quoted in an active market |  |  | 11 |  |  |  | 9 |  |  |  | 0.1 | % |  |  | 0.0 | %
Structured investments |  |  | 150 |  |  |  | 82 |  |  |  | 0.7 | % |  |  | 0.4 | %
Non quoted in an active market |  |  | 150 |  |  |  | 82 |  |  |  | 0.7 | % |  |  | 0.4 | %
Real estate |  |  | 462 |  |  |  | 506 |  |  |  | 2.1 | % |  |  | 2.2 | %
Loans to participants |  |  | 73 |  |  |  | 78 |  |  |  | 0.3 | % |  |  | 0.3 | %
Total |  |  | 21,912 |  |  |  | 23,225 |  |  |  | 100.0% |  |  |  | 100.0% |
Summary of Change in Net Amount Recognized in Balance Sheet | e) Change in the net amount recognized in the balance sheet The net amount recognized in the Balance Sheet is limited by the asset ceiling and it is computed based on estimated future contributions to be realized by the sponsor, so that it represents the maximum reduction amount in the contributions to be made.
|  | 12/31/2021 |
|  | BD and CV plans |  |  | CD plans |  |  | Other post- employment benefits Liabilities |  |  | Total Recognized amount |
|  | Net assets |  |  | Actuarial liabilities |  |  | Asset ceiling |  |  | Recognized amount |  |  | Pension plan fund |  |  | Asset ceiling |  |  | Recognized amount |
Amounts at the beginning of the period |  |  | 23,225 |  |  |  | (20,662 | ) |  |  | (3,642 | ) |  |  | (1,079 | ) |  |  | 1,454 |  |  |  | (951 | ) |  |  | 503 |  |  |  | (922 | ) |  |  | (1,498 | )
Amounts recognized in income (1+2+3+4) |  |  | 1,722 |  |  |  | (1,575 | ) |  |  | (278 | ) |  |  | (131 | ) |  |  | 41 |  |  |  | (68 | ) |  |  | (27 | ) |  |  | (66 | ) |  |  | (224 | )
1 - Cost of current service |  |  | — |  |  |  | (53 | ) |  |  | — |  |  |  | (53 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (53 | )
2 - Cost of past service |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
3 - Net interest (1) |  |  | 1,722 |  |  |  | (1,522 | ) |  |  | (278 | ) |  |  | (78 | ) |  |  | 104 |  |  |  | (68 | ) |  |  | 36 |  |  |  | (66 | ) |  |  | (108 | )
4 - Other expenses (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (63 | ) |  |  | — |  |  |  | (63 | ) |  |  | — |  |  |  | (63 | )
Amounts recognized in stockholders´ equity - other comprehensive income (5+6+7) |  |  | (1,764 | ) |  |  | 817 |  |  |  | 665 |  |  |  | (282 | ) |  |  | (725 | ) |  |  | 1,017 |  |  |  | 292 |  |  |  | 81 |  |  |  | 91 |
5 - Effects on asset ceiling (4) |  |  | — |  |  |  | — |  |  |  | 665 |  |  |  | 665 |  |  |  | (484 | ) |  |  | 1,017 |  |  |  | 533 |  |  |  | — |  |  |  | 1,198 |
6 - Remeasurements |  |  | (1,766 | ) |  |  | 801 |  |  |  | — |  |  |  | (965 | ) |  |  | (241 | ) |  |  | — |  |  |  | (241 | ) |  |  | 81 |  |  |  | (1,125 | )
Changes in demographic assumptions |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Changes in financial assumptions |  |  | — |  |  |  | 3,708 |  |  |  | — |  |  |  | 3,708 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 113 |  |  |  | 3,821 |
Experience of the plan (3) |  |  | (1,766 | ) |  |  | (2,911 | ) |  |  | — |  |  |  | (4,677 | ) |  |  | (241 | ) |  |  | — |  |  |  | (241 | ) |  |  | (32 | ) |  |  | (4,950 | )
7 - Exchange variation |  |  | 2 |  |  |  | 16 |  |  |  | — |  |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18 |
Other (8+9+10) |  |  | (1,271 | ) |  |  | 1,381 |  |  |  | — |  |  |  | 110 |  |  |  | (323 | ) |  |  | — |  |  |  | (323 | ) |  |  | 128 |  |  |  | (85 | )
8 - Receipt by Destination of Resources (4) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (323 | ) |  |  | — |  |  |  | (323 | ) |  |  | — |  |  |  | (323 | )
9 - Benefits paid |  |  | (1,381 | ) |  |  | 1,381 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 128 |  |  |  | 128 |
10 - Contributions and investments from sponsor |  |  | 110 |  |  |  | — |  |  |  | — |  |  |  | 110 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110 |
Amounts at end of the period |  |  | 21,912 |  |  |  | (20,039 | ) |  |  | (3,255 | ) |  |  | (1,382 | ) |  |  | 447 |  |  |  | (2 | ) |  |  | 445 |  |  |  | (779 | ) |  |  | (1,716 | )
Amount recognized in Assets (Note 18a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48 |  |  |  |  |  |  |  |  |  |  |  | 445 |  |  |  | — |  |  |  | 493 |
Amount recognized in Liabilities (Note 18b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,430 | ) |  |  |  |  |  |  |  |  |  |  | — |  |  |  | (779 | ) |  |  | (2,209 | )
|  | 12/31/2020 |
|  | BD and CV plans |  |  | CD plans |  |  | Other post- employment benefits Liabilities |  |  | Total Recognized amount |
|  | Net assets |  |  | Actuarial liabilities |  |  | Asset ceiling |  |  | Recognized amount |  |  | Pension plan fund |  |  | Asset ceiling |  |  | Recognized amount |
Amounts at the beginning of the period |  |  | 22,732 |  |  |  | (19,659 | ) |  |  | (3,761 | ) |  |  | (688 | ) |  |  | 1,475 |  |  |  | (849 | ) |  |  | 626 |  |  |  | (967 | ) |  |  | (1,029 | )
Amounts recognized in income (1+2+3+4) |  |  | 1,731 |  |  |  | (1,578 | ) |  |  | (287 | ) |  |  | (134 | ) |  |  | 20 |  |  |  | (65 | ) |  |  | (45 | ) |  |  | (76 | ) |  |  | (255 | )
1 - Cost of current service |  |  | — |  |  |  | (80 | ) |  |  | — |  |  |  | (80 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (80 | )
2 - Cost of past service |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
3 - Net interest (1) |  |  | 1,731 |  |  |  | (1,497 | ) |  |  | (287 | ) |  |  | (53 | ) |  |  | 112 |  |  |  | (65 | ) |  |  | 47 |  |  |  | (76 | ) |  |  | (82 | )
4 - Other expenses (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (92 | ) |  |  | — |  |  |  | (92 | ) |  |  | — |  |  |  | (92 | )
Amounts recognized in stockholders´ equity - other comprehensive income (5+6+7) |  |  | (75 | ) |  |  | (669 | ) |  |  | 406 |  |  |  | (338 | ) |  |  | (41 | ) |  |  | (37 | ) |  |  | (78 | ) |  |  | 6 |  |  |  | (410 | )
5 - Effects on asset ceiling |  |  | — |  |  |  | — |  |  |  | 406 |  |  |  | 406 |  |  |  | — |  |  |  | (37 | ) |  |  | (37 | ) |  |  | — |  |  |  | 369 |
6 - Remeasurements |  |  | (113 | ) |  |  | (588 | ) |  |  | — |  |  |  | (701 | ) |  |  | (41 | ) |  |  | — |  |  |  | (41 | ) |  |  | 6 |  |  |  | (736 | )
Changes in demographic assumptions |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (11 | )
Changes in financial assumptions |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | 25 |
Experience of the plan (3) |  |  | (113 | ) |  |  | (590 | ) |  |  | — |  |  |  | (703 | ) |  |  | (41 | ) |  |  | — |  |  |  | (41 | ) |  |  | (6 | ) |  |  | (750 | )
7 - Exchange variation |  |  | 38 |  |  |  | (81 | ) |  |  | — |  |  |  | (43 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (43 | )
Other (8+9) |  |  | (1,163 | ) |  |  | 1,244 |  |  |  | — |  |  |  | 81 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 115 |  |  |  | 196 |
8 - Benefits paid |  |  | (1,244 | ) |  |  | 1,244 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 115 |  |  |  | 115 |
9 - Contributions and investments from sponsor |  |  | 81 |  |  |  | — |  |  |  | — |  |  |  | 81 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 81 |
Amounts at end of the period |  |  | 23,225 |  |  |  | (20,662 | ) |  |  | (3,642 | ) |  |  | (1,079 | ) |  |  | 1,454 |  |  |  | (951 | ) |  |  | 503 |  |  |  | (922 | ) |  |  | (1,498 | )
Amount recognized in Assets (Note 18a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 82 |  |  |  |  |  |  |  |  |  |  |  | 503 |  |  |  | — |  |  |  | 585 |
Amount recognized in Liabilities (Note 18b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,161 | ) |  |  |  |  |  |  |  |  |  |  | — |  |  |  | (922 | ) |  |  | (2,083 | )
(1) | Corresponds to the amount calculated on 01/01/2021 based on the initial amount (Net Assets, Actuarial Liabilities and Restriction of Assets), taking into account the estimated amount of payments/ receipts of benefits/ contributions, multiplied by the discount rate of 7.64% p.a. (on 01/01/2020 the rate used was 7.64% p.a.).
(2) | Corresponds to the use of asset amounts allocated in pension funds of the defined contribution plans.
(3) | Correspond to the income obtained above/below the expected return and comprise the contributions made by participants.
(4) | Includes the effects of the allocation of the surplus from the pension fund of Itaubanco Defined Contribution Plan.
Summary of Defined Benefit Contribution | f) Defined benefit contribution
|  | Estimated contribution |  |  | Contributions made |
|  | 2022 |  |  | 01/01 to 12/31/2021 |  |  | 01/01 to 12/31/2020 |
Retirement plan - FIU |  |  | 34 |  |  |  | 43 |  |  |  | 45 |
Retiremente plan - FUNBEP |  |  | 22 |  |  |  | 32 |  |  |  | 5 |
Total |  |  | 56 |  |  |  | 75 |  |  |  | 50 |
Summary of Maturity Profile of Defined Benefit Liabilities | g) Maturity profile of defined benefit liabilities
|  | Duration (*) |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 to 2031 |
Pension plan - FIU |  |  | 9.80 |  |  |  | 1,050 |  |  |  | 943 |  |  |  | 984 |  |  |  | 1,025 |  |  |  | 1,072 |  |  |  | 5,862 |
Pension plan - FUNBEP |  |  | 9.10 |  |  |  | 594 |  |  |  | 614 |  |  |  | 634 |  |  |  | 652 |  |  |  | 667 |  |  |  | 3,541 |
Other post-employment benefits |  |  | 7.09 |  |  |  | 140 |  |  |  | 157 |  |  |  | 149 |  |  |  | 36 |  |  |  | 37 |  |  |  | 209 |
Total |  |  |  |  |  |  | 1,784 |  |  |  | 1,714 |  |  |  | 1,767 |  |  |  | 1,713 |  |  |  | 1,776 |  |  |  | 9,612 |
(*) | Average duration of plan´s actuarial liabilities.
Summary of Sensitivity of Defined Benefit Obligation | h) Sensitivity analysis To measure the effects of changes in the key assumptions, sensitivity tests are conducted in actuarial liabilities annually. The sensitivity analysis considers a vision of the impacts caused by changes in assumptions, which could affect the income for the period and stockholders’ equity at the balance sheet date. This type of analysis is usually carried out under the ceteris paribus condition, in which the sensitivity of a system is measured when only one variable of interest is changed and all the others remain unchanged. The results obtained are shown in the table below:
|  | BD and CV plans |  |  | Other post-employment benefits |
Main assumptions |  | Present value of liability |  |  | Income |  |  | Stockholders´ equity (Other Comprehensive Income) (*) |  |  | Present value of liability |  |  | Income |  |  | Stockholders´ equity (Other Comprehensive Income) (*) |
Discount rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase by 0.5% |  |  | (835 | ) |  |  | — |  |  |  | 308 |  |  |  | (24 | ) |  |  | — |  |  |  | 24 |
Decrease by 0.5% |  |  | 905 |  |  |  | — |  |  |  | (420 | ) |  |  | 27 |  |  |  | — |  |  |  | (27 | )
Mortality table |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase by 5% |  |  | (234 | ) |  |  | — |  |  |  | 87 |  |  |  | (10 | ) |  |  | — |  |  |  | 10 |
Decrease by 5% |  |  | 245 |  |  |  | — |  |  |  | (91 | ) |  |  | 11 |  |  |  | — |  |  |  | (11 | )
Medical inflation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase by 1% |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 63 |  |  |  | — |  |  |  | (63 | )
Decrease by 1% |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (53 | ) |  |  | — |  |  |  | 53 |
(*) | Net of effects of asset ceiling

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