<SEC-DOCUMENT>0001292814-24-000449.txt : 20240221
<SEC-HEADER>0001292814-24-000449.hdr.sgml : 20240221
<ACCEPTANCE-DATETIME>20240221135119
ACCESSION NUMBER:		0001292814-24-000449
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240221
DATE AS OF CHANGE:		20240221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Itau Unibanco Holding S.A.
		CENTRAL INDEX KEY:			0001132597
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15276
		FILM NUMBER:		24658218

	BUSINESS ADDRESS:	
		STREET 1:		PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
		STREET 2:		TORRE AE, 3 ANDAR, CEP 04344-902
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			00000
		BUSINESS PHONE:		55-11-5019-1723

	MAIL ADDRESS:	
		STREET 1:		PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
		STREET 2:		TORRE AE, 3 ANDAR, CEP 04344-902
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Itau Unibanco Banco Multiplo S.A.
		DATE OF NAME CHANGE:	20090226

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO ITAU HOLDING FINANCEIRA S A
		DATE OF NAME CHANGE:	20030319

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO ITAU SA
		DATE OF NAME CHANGE:	20010117
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>itubmtn4q23_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>For the month of February 2024</B></P>

<P STYLE="font: 11pt/200% Itau Display,sans-serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Commission File Number: 001-15276</B></P>

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<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>(Translation of Registrant&rsquo;s Name into English)</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Pra&ccedil;a Alfredo Egydio de Souza Aranha, 100-Torre
Concei&ccedil;&atilde;o</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>CEP 04344-902 S&atilde;o Paulo, SP, Brazil</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">(Address of Principal Executive Office)</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 113.75pt"><DIV STYLE="font-size: 1pt; border-top: #999999 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 11pt">Form
20-F &#9746;&#9;Form 40-F &#9744;</FONT></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 11pt">Yes
&#9744;&#9;&#9;No&nbsp;</FONT>&#9746;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 28.85pt 0 35.45pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Yes
&#9744;&#9;No&nbsp;</FONT>&#9746;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 28.85pt 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: center"><B>EXHIBIT INDEX </B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 95%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in; font: 11pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>99.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;<A HREF="ex99-1.htm">Form 6-K &ndash; 4Q2023 MTN Program</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 18pt Itau Display,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>


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<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0pt 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt">Date: February 21, 2024.</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-indent: 3.5in"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in"><U>By<I>: /s/ Milton Maluhy Filho</I><BR>
</U>Name: Milton Maluhy Filho<BR>
Title: Chief Executive Officer</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in"><U>By: <I>/s/ Alexsandro Broedel</I><BR>
</U>Name: Alexandro Broedel<BR>
Title: Chief Financial Officer</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0">&nbsp;</P>


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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>For the month of February 2024</B></P>

<P STYLE="font: 10pt/200% Itau Display,sans-serif; margin: 0 0 0 106.35pt; text-align: justify; text-indent: 1in"><B>Commission File Number:
001-15276</B></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 113.4pt"><DIV STYLE="font-size: 1pt; border-top: #999999 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>(Translation of Registrant&rsquo;s Name into English)</B></P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Pra&ccedil;a Alfredo Egydio de Souza Aranha, 100-Torre
Concei&ccedil;&atilde;o</B></P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>CEP 04344-902 S&atilde;o Paulo, SP, Brazil</B></P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">(Address of Principal Executive Office)</P>

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 113.75pt"><DIV STYLE="font-size: 1pt; border-top: #999999 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt/12pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Form
20-F &#9746;</FONT><FONT STYLE="font-family: Itau Display,sans-serif">&#9;Form 40-F &#9744;</FONT></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Yes
&#9744;&#9;No&nbsp;</FONT>&#9746;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 28.85pt 0 35.45pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Yes
&#9744;&#9;No&nbsp;</FONT>&#9746;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 28.85pt 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: bold 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: right">Page</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="width: 90%; text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">CERTAIN TERMS AND CONVENTIONS</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 12pt">1</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">2</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">PRESENTATION OF FINANCIAL AND OTHER INFORMATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">4</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">SELECTED FINANCIAL DATA</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">5</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">REGULATORY RECENT DEVELOPMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">SIGNATURES</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">FINANCIAL STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">34</TD></TR>
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<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">CERTAIN TERMS AND CONVENTIONS</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">All references in this Form 6-K
to (i) &ldquo;<B>Ita&uacute; Unibanco Holding</B>,&rdquo; &ldquo;<B>Ita&uacute; Unibanco Group</B>,&rdquo; &ldquo;<B>we</B>,&rdquo; &ldquo;<B>us</B>&rdquo;
or &ldquo;<B>our</B>&rdquo; are references to Ita&uacute; Unibanco Holding S.A. and its consolidated subsidiaries, except where otherwise
specified or required by the context; (ii)&nbsp;the &ldquo;<B>Brazilian government</B>&rdquo; are references to the federal government
of the Federative Republic of Brazil, or Brazil; (iii) &ldquo;<B>preferred shares</B>&rdquo; are references to our authorized and outstanding
preferred shares with no par value; and (iv) &ldquo;<B>common shares</B>&rdquo; are references to our authorized and outstanding common
shares with no par value. All references to &ldquo;<B>ADSs</B>&rdquo; are to American Depositary Shares, each representing one preferred
share, without par value. The ADSs are evidenced by American Depositary Receipts, or &ldquo;<B>ADRs</B>,&rdquo; issued by The Bank of
New York Mellon, or BNY Mellon. All references herein to the &ldquo;<B><I>real</I></B>,&rdquo; &ldquo;<B><I>reais</I></B>&rdquo; or &ldquo;<B>R$</B>&rdquo;
are to the Brazilian <I>real</I>, the official currency of Brazil. All references to &ldquo;<B>US$</B>,&rdquo; &ldquo;<B>dollars</B>&rdquo;
or &ldquo;<B>U.S. dollars</B>&rdquo; are to United States dollars.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Additionally, unless specified
or the context indicates otherwise, the following definitions apply throughout this Form 6-K:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&ldquo;<B>Ita&uacute; Unibanco</B>&rdquo;
means Ita&uacute; Unibanco S.A., together with its consolidated subsidiaries;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&ldquo;Ita&uacute; BBA&rdquo;</B>
means Banco Ita&uacute; BBA S.A., together with its consolidated subsidiaries;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&ldquo;<B>Ita&uacute; Corpbanca</B>&rdquo;
means Ita&uacute; Corpbanca, together with its consolidated subsidiaries; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&ldquo;<B>Central Bank</B>&rdquo;
means the Central Bank of Brazil.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.1pt">Additionally,
acronyms used repeatedly, defined and technical terms, specific market expressions and the full names of our main subsidiaries and other
entities referenced in this </FONT>report on Form 6-K <FONT STYLE="letter-spacing: -0.1pt">are explained or detailed in the glossary of
terms beginning on page </FONT>200 to our annual report on Form 20-F for the year ended December 31, 2022 filed with the SEC on April
28, 2023, or our 2022 Form 20-F.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This report on Form 6-K
contains statements that are or may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995, Section 27A of the United States Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the
U.S. Securities Exchange Act of 1934, as amended, or the Exchange Act. We have based these forward-looking statements largely on our current
expectations and projections about future events and financial trends affecting our business. These forward-looking statements are subject
to risks, uncertainties and assumptions including, among other risks:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Political instability in Brazil, including developments
and the perception of risks in connection with the elected government in Brazil, as well as ongoing corruption and other investigations
and increasing fractious relations and infighting within the administration of the Brazilian government, as well as policies and potential
changes to address these matters or otherwise, including economic and fiscal reforms, any of which may negatively affect growth prospects
in the Brazilian economy as a whole;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">General economic, political, and business conditions
in Brazil and variations in inflation indices, interest rates, foreign exchange rates, and the performance of financial markets in Brazil
and the other markets in which we operate;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Global economic and political conditions, as well as
geopolitical instability, in particular in the countries where we operate, including in relation to the United States, the Russian invasion
of Ukraine and the Israel &ndash; Hamas conflict;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Changes in laws or regulations, including in respect
of tax matters, compulsory deposits and reserve requirements, that adversely affect our business;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">The effect of any changes in tax law, tax reforms or
review of the tax treatment on our activities, our operations and profitability;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Disruptions and volatility in the global financial
markets;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Costs and availability of funding;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Failure or hacking of our security and operational
infrastructure or systems;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our ability to protect personal data;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our level of capitalization;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Increases in defaults by borrowers and other loan delinquencies,
which result in increases in loan loss allowances;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Competition in our industry;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Changes in our loan portfolio and changes in the value
of our securities and derivatives;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Customer losses or losses of other sources of revenues;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/107% Itau Display,sans-serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our ability to execute our strategies and capital expenditure
plans and to maintain and improve our operating performance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our exposure to Brazilian public debt;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Incorrect pricing methodologies for insurance, pension
plan and premium bond products and inadequate reserves;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">The effectiveness of our risk management policies;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our ability to successfully integrate acquired or merged
businesses;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Adverse legal or regulatory disputes or proceedings;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Environmental damage and climate change and effects
from socio-environmental issues, including new and/or more stringent regulations relating to these issues; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Other risk factors as set forth in our 2022 Form 20-F.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 35.45pt">The words &ldquo;believe&rdquo;,
&ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;estimate&rdquo;, &ldquo;continue&rdquo;, &ldquo;anticipate&rdquo;, &ldquo;intend&rdquo;,
&ldquo;expect&rdquo; and similar words are intended to identify forward-looking statements but are not the exclusive means of identifying
such statements. We undertake no obligation to update publicly or revise any forward-looking statements because of new information, future
events or otherwise. In light of these risks and uncertainties, the forward-looking information, events and circumstances discussed in
this report on Form 6-K might not occur. Our actual results and performance could differ substantially from those anticipated in such
forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as
a prediction of actual results.</P>


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<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">PRESENTATION OF FINANCIAL AND OTHER INFORMATION</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">The information found
in this Form 6-K is accurate only as of the date of such information or as of the date of this Form 6-K, as applicable. Our activities,
our financial position and assets, the results of operations and our prospects may have changed since that date.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Information contained
in or accessible through our website or any other websites referenced herein does not form part of this Form 6-K unless we specifically
state that it is incorporated by reference and forms part of this Form 6-K. All references in this Form 6-K to websites are inactive textual
references and are for information only.</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify"><I>Effect of Rounding</I></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Certain amounts and percentages
included in this Form 6-K, including in the section of this Form 6-K entitled &ldquo;Operating and Financial Review and Prospects&rdquo;
have been rounded according to established commercial standards. Percentage figures included in this Form 6-K have not been calculated
in all cases on the basis of the rounded figures but on the basis of the original amounts prior to rounding. For this reason, certain
percentage amounts in this Form 6-K may vary from those obtained by performing the same calculations using the figures in our consolidated
financial statements. Certain other amounts that appear in this Form 6-K may vary slightly and figures shown as totals in certain tables
may not be an arithmetical aggregation of the figures preceding them.</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify"><I>About our Financial Information</I></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">The reference date for
the quantitative information derived from our consolidated balance sheet included in this Form 6-K is as of December 31, 2023 and December
31, 2022 and the reference dates for information derived from our consolidated statement of income are the years ended December 31, 2023,
2022 and 2021, except where otherwise indicated.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Our consolidated financial
statements as of December 31, 2023 and December 31, 2022 and for the years ended December 31, 2023 and 2022, included at the end of this
Form 6-K, are prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards
Board, or IASB (currently referred to by the IFRS Foundation as &ldquo;IFRS accounting standards&rdquo;).</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
30 &ndash; Segment Information&rdquo; to our consolidated financial statements for further details about the main differences between
our management reporting systems and our consolidated financial statements prepared in accordance with IFRS issued by the IASB.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">&nbsp;</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">SELECTED FINANCIAL DATA</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">We present below our selected
financial data derived from our consolidated financial statements included in this Form 6-K. Our consolidated financial statements are
presented as of December 31, 2023 and December 31, 2022 and for the years ended December 31, 2023 and 2022 and have been prepared in accordance
with IFRS issued by the IASB. Considering the adoption of IFRS 17 for insurance and reinsurance contracts held as from January 1, 2023,
we adopted the modified retrospective approach with a transition date as of January 1, 2022 for comparative purposes.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">IFRS 17 requires that
insurance contracts be grouped into portfolios considering similar risks, their management, the period for which the contract was issued
and the expected profitability at the time of initial recognition. The groups of insurance contracts and private pensions refer to contracts
issued in the relevant period. As IFRS 17 changed the measurement of insurance contracts, which are now recognized at the present value
of the obligation, we partially redesignated, on the transition date and as permitted by the standard, the business model of financial
instruments that were classified at amortized cost to fair value through Other Comprehensive Income.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">We did not adopt IFRS
17 for the year ended December 31, 2021, which follows IFRS 4, based on accounting practices generally adopted in Brazil applicable to
institutions authorized to operate by the Central Bank, or BRGAAP, pursuant to CVM Official Circular No. 01/13. As such, the consolidated
financial statements for the year ended December 31, 2021 are not directly comparable to the consolidated financial statements for the
years ended December 31, 2023 and 2022.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">For further details, please
see &ldquo;Note 2 &ndash; Significant accounting policies&rdquo; to our consolidated financial statements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Additionally, we present
a summarized version of our Consolidated Statement of Income, Consolidated Balance Sheet and Consolidated Statement of Cash Flows in the
section &ldquo;Operating and Financial Review and Prospects.&rdquo;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">The following selected
financial data should be read together with &ldquo;Presentation of Financial and Other Information&rdquo; and &ldquo;Operating and Financial
Review and Prospects.&rdquo;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Income Information</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt">For the year ended <BR>
December 31,</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2022</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 12px; font: italic 8pt Itau Display Light; vertical-align: bottom; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; text-align: right">(In millions&nbsp;&nbsp;of&nbsp;&nbsp;R$, except percentages and basis&nbsp;&nbsp;points)</TD>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left; width: 57%">Operating Revenues</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154,971</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142,279</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right; width: 7%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Net interest income<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97,712</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,023</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Non-interest income<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,259</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,256</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left">Expected Loss from Financial Assets</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,445)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,737)</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Other operating income (expenses)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(84,826)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77,848)</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.0</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Net income attributable to owners of the parent company</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,105</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,207</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Recurring Return on Average Equity - Annualized - Consolidated <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">19.4%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">18.7%</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;70 bps&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Return on Average Equity &ndash; Annualized - Consolidated<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(4)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">18.6%</TD>
    <TD STYLE="vertical-align: middle; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">18.4%</TD>
    <TD STYLE="vertical-align: middle; text-align: right; border-left-color: Black; border-left-width: 0.5pt">&nbsp;20 bps&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left">(1) Includes: (i) interest and similar income; (ii) interest and similar expenses; (iii) income of financial assets and liabilities at fair value through profit or loss; and (iv) foreign exchange results and exchange variations in foreign transactions.<BR>
(2) Includes commissions and banking fees, income from insurance contracts and private pension and other income.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left">(3) The Recurring Return on Average Equity is obtained by dividing the Recurring Result (R$34,664 million and R$29,772 million in the years ended December 31, 2023 and 2022, respectively) by the Average Stockholders&rsquo; Equity (R$178,387 million and R$159,110 million in the years ended December 31, 2023 and 2022, respectively). The resulting amount is multiplied by the number of periods in the year to derive the annualized rate.&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left">(4) The Return on Average Equity is calculated by dividing the Net Income (R$33,105 million and R$29,207 million in the years ended December 31, 2023 and 2022, respectively) by the Average Stockholders&rsquo; Equity (R$178,387 million and R$159,110 million in the years ended December 31, 2023 and 2022, respectively). This average considers the Stockholders&rsquo; Equity from the four previous quarters. The quotient of this division was multiplied by the number of periods in the year to arrive at the annual ratio. The resulting amount is multiplied by the number of periods in the year to derive the annualized rate.<BR></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Balance Sheet Information</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt">As of December 31,</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center">As of December 31,</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2022</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; vertical-align: bottom; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; text-align: center">(In millions of R$, except percentages and basis points)</TD>
    <TD STYLE="font-style: italic; vertical-align: middle; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Total assets</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,543,100</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,321,066</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Total loans and finance lease operations</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910,590</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909,422</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.1</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">(-) Provision for expected loss<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 11pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT><FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50,863)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52,324)</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.8)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">Common Equity Tier I Ratio - in %</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">13.7%</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">11.9%</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;180 bps&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">Tier I Ratio - in %&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">15.2%</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">13.5%</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;170 bps&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">Total Capital Ratio - in %&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">17.0%</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">15.0%</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;200 bps&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left">(1) Comprises Expected Credit Loss for Financial Guarantees Pledged R$ (887) at 12/31/2023 (R$ (810) at 12/31/2022) and Loan Commitments R$ (3,311) at 12/31/2023 (R$ (2,874) at 12/31/2022). Please see &ldquo;Note 10 &mdash; Loan and Lease operations&rdquo; to our consolidated financial statements for further details.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Other Information</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt">For the year ended <BR>
December 31,</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2022</TD>
    <TD STYLE="font-style: italic; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 0.5pt solid; text-align: left">Net income per share &ndash; R$ <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.98</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Weighted average number of outstanding shares&nbsp;&nbsp;- basic</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,799,174,221</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,798,994,231</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.0</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left">Total Number of Employees</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95,702</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101,094</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.3)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; text-align: left">Brazil</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85,855</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89,147</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.7)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; text-align: left">Abroad</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,847</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,947</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17.6)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">Total Branches and CSBs &ndash; Client Service Branches</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,502</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,808</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8.0)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">ATM &ndash; Automated Teller Machines <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,694</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,790</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4.8)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left">(1) Calculated based on the weighted average number of outstanding shares for the period.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left">(2) Includes ESBs (electronic service branches) and service points at third-party locations and Banco24Horas ATMs.</TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><I>The following discussion should be read in conjunction
with our consolidated financial statements and accompanying notes and other financial information included elsewhere in this Form 6-K
and the description of our business in &ldquo;Item 4. Information on the Company&rdquo; in our 2022 Form 20-F. The following discussion
contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those discussed
in forward-looking statements as a result of various factors, including those set forth in &ldquo;Forward-Looking Statements&rdquo; herein
and in our 2022 Form 20-F.</I></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 12pt 0 0"><B><U>Results of Operations - </U></B><U><FONT STYLE="font-size: 10pt">Year
ended December 31, 2023, compared to year ended December 31, 2022.</FONT></U></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">In August 2023, we entered into an
agreement to sell all the shares of Banco Ita&uacute; Argentina. Due to this sale, the consolidated balance sheet of Ita&uacute; Unibanco
as of December 31, 2023 does not include the balances of Banco Ita&uacute; Argentina, while the income statement for the year ended December
31, 2023 only reflected the results for the seven-month period ended July 31, 2023.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">The table below presents
our summarized consolidated statement of income for the years ended December 31, 2023 and 2022. The interest rates presented are expressed
in Brazilian <I>reais</I> and include the effect of the variation of the <I>real</I> against foreign currencies. For more information
on the products and services we offer, see &ldquo;Item 4. Information on the Company&rdquo; in our 2022 Form 20-F.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">Please see our consolidated
financial statements for the years December 31, 2023 and 2022 for further details about our Consolidated Statement of Income.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Summarized Consolidated Statement of Income</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">For the year ended<BR>
December 31,&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ million</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 9pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; border-left: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left; width: 55%">Operating revenues</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 11%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154,971</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142,279</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right; width: 9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,692</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 12%">8.9</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Net interest income<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97,712</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,023</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,689</TD>
    <TD STYLE="vertical-align: middle; text-align: right">12.3</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Non-interest income<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,259</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,256</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,003</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3.6</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left">Expected loss from financial assets</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,445)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,737)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,708)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">9.8</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Other operating income (expenses)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(84,826)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77,848)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,978)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">9.0</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Net income before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,700</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,694</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,006</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">8.2</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Current and deferred income and social contribution taxes</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,823)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,452)</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(9.7)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Net income</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,877</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,242</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,635</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">12.0</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid">Net income attributable to owners of the parent company</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,105</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,207</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,898</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">13.3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt; text-align: left">(1) Includes:&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="padding-left: 12px; font-size: 8pt; text-align: left">(i) interest and similar income (R$222,385 million and R$189,165 million in the years ended December 31, 2023 and 2022, respectively); <BR>
(ii) interest and similar expenses (R$(158,250) million and R$(116,747) million in the years ended December 31, 2023 and 2022, respectively); <BR>
(iii) income of financial assets and liabilities at fair value through profit or loss (R$29,145 million and R$13,325 million in the years ended December 31, 2023 and 2022, respectively); and<BR>
(iv) foreign exchange results and exchange variations in foreign transactions (R$4,432 million and R$1,280 million in the years ended December 31, 2023 and 2022, respectively).</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt">(2) Includes commissions and banking fees, Income from insurance contracts and private pension and other income.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Net income attributable
to owners of the parent company</B> increased by 13.3% to R$33,105 million for the year ended December 31, 2023, from R$29,207 million
for the same period of 2022. This is mainly due to an 8.9%, or R$12,692 million increase in operating revenues, partially offset by a
9.0%, or R$6,978 million, increase in other operating income (expenses), and an 9.8%, or R$2,708 million, increase in expected loss from
financial assets. These line items are further described below:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Net interest income
</B>increased by R$10,689 million, or 12.3%, for the year ended December 31, 2023, compared to the same period of 2022, mainly due to
increases in the following line items (i) R$33,220 million in interest and similar income, mainly due to increases of R$13,618 million
in loan operations income related to the increase in the volume of operations, R$8,431 million in income from securities purchased under
agreements to resell and R$6,917 million in financial assets at fair value through
other comprehensive income; (ii) R$15,820 million in income of financial assets and liabilities at fair value through profit or loss;
and (iii) R$3,152 million in foreign exchange results and exchange variations in foreign transactions. These increases were offset by
an increase of R$41,503 million in interest and similar expenses.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Interest and similar income</B> increased by 17.6%
for the year ended December 31, 2023, compared to the same period of 2022, due to the growth of our loan portfolio, associated with the
gradual change in the portfolio mix to loans to the Retail Business segment, and increased income from securities purchased under agreements
to resell. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Interest and similar expenses</B> increased by 35.5%
for the year ended December 31, 2023 compared to the same period of 2022, due to increases in the following line items: (i) R$19,150 million
in expenses from deposits, especially in time deposits driven by the commercial strategy for this product in the Retail Business segment
and the higher demand for fixed-income products; (ii) R$13,225 million in expenses from securities sold under repurchase agreements; and
(iii) R$11,665 million in interbank market funds. The increases mentioned above are a result of the increase in the volume of our operations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 0.75in; text-align: justify">Please see &ldquo;Note 21 &ndash; Interest
and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss&rdquo; to our consolidated
financial statements for further details on interest and similar expenses.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B>Non-interest income </B>increased
by 3.6%, or R$2,003 million for the year ended December 31, 2023 compared to the same period of 2022. This increase was mainly due to
(i) a 22.3%, or R$1,206 million, increase in income from insurance contracts and private pension, due to higher insurance sales mainly
related to group life products, credit life and mortgage insurance products, and the increase in our financial result of the period; and
(ii) a 2.6%, or R$1,165 million, increase in commissions and banking fees, due to the higher transaction volume from credit and debit
cards, both in the issuance and acquiring businesses.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following chart shows the
main components of our banking service fees for the years ended December 31, 2023, and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 42.55pt"><IMG SRC="image_003.jpg" ALT=""></P>


<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 42.55pt"></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 8pt 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
22 &ndash; Commissions and Banking Fees&rdquo; to our consolidated financial statements for further details on banking service fees.</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 8pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Expected Loss from
Financial Assets</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Our expected loss from
financial assets increased by R$2,708 million, or 9.8%, for the year ended December 31, 2023, compared to the same period of 2022, mainly
due to an increase in expected loss with loan and lease operations of R$3,413 million for the year ended December 31, 2023, compared to
the same period of 2022. This increase was mainly due to an increase in our credit portfolio and higher provisions in the Retail Business
segment in Brazil, a result of the increase in origination of unsecured consumer credit products. Additionally, our provision for loan
losses in the Wholesale Business segment in Brazil was higher due to the normalization of the provision flow in this segment, due to the
reversal of provision as a result of the upgrade of the credit ratings of certain clients in the segment in 2022.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
10 &mdash; Loan and Lease operations&rdquo; to our consolidated financial statements for further details on our loan and lease operations
portfolio.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Courier New, Courier, Monospace; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Non-performing loans:</B> We calculate
our 90-day non-performing loan, or NPL ratio, as the value of our 90-day non-performing loans to our loan portfolio. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">As of December 31, 2023, our 90-day NPL
ratio was 3.1%, a decrease of 20 basis points compared to December 31, 2022. This decrease was due to the decrease of 30 basis points
in the 90-day NPL ratio in respect of our individuals loan portfolio, due to the better quality of recent vintages. The NPL ratio of our
companies loan portfolio remained stable compared to December 31, 2022. In the fourth quarter of 2023, we recorded sales of active portfolios
with no risk retention to non-related companies. From these sales, R$375 million refer to active loans that were more than 90 days overdue,
of which R$344 million would still be an active loan portfolio at the end of the period if not sold. Additionally, we sold R$195 million
which refers to active portfolios non-overdue or with short delinquency. These sales did not have a material impact on delinquency ratios.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">We calculate our 15 to 90 days non-performing
loan ratio as the value of our 15 to 90 days NPL to our loan portfolio. The 15 to 90 days NPL ratio is an indicator of early delinquency.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt">As of December 31, 2023, our 15 to 90 days NPL ratio was 2.3%,
an increase of 10 basis points when compared to December 31, 2022. During this period our 15 to 90-day NPL ratio increased by 10 basis
points in the 15 to 90-day NPL ratio of our individuals loan portfolio, however it is worth noting that this level is the lowest of the
year as set forth in the graphic below. Additionally, the NPL ratio of our companies loan portfolio increased by 10 basis points as of
December 31, 2023 compared to December 31, 2022.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt">The chart below shows a comparison of both NPL ratios for
each quarter as of December 31, 2022, through December 31, 2023:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: center"><IMG SRC="image_024.jpg" ALT=""></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: center">&nbsp;<FONT STYLE="background-color: yellow"><BR></FONT></P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 49.65pt; text-align: center"><IMG SRC="image_025.jpg" ALT=""><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt; line-height: 115%"></FONT></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify"><B>Coverage ratio (90 days):</B> We calculate
our coverage ratio as provisions for expected losses to 90-day non-performing loans. As of December 31, 2023, our coverage ratio in accordance
with accounting practices adopted in Brazil applicable to institutions authorized to operate by the Central Bank, or BRGAAP, was 216%
compared to a ratio of 212% as of December 31, 2022. This increase was mainly due to the decrease in 90-day NPL, concentrated in the individuals
segment in Brazil and driven by the better quality of recent vintages.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">The chart below shows a comparison in
the coverage ratios for each quarter as of December 31, 2022, through December 31, 2023:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 49.65pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt; line-height: 115%"><IMG SRC="image_026.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Other Operating Income
(Expenses)</B> increased by 9.0% to an expense of R$84,826 million for the year ended December 31, 2023, from an expense of R$77,848 million
for the same period of 2022. This increase was mainly due to the R$6,829 million, or 9.9%, increase in our general and administrative
expenses for the year ended December 31, 2023. This increase was due to: (i) the losses associated with the sale of Banco Ita&uacute;
Argentina; (ii) the effects of our annual collective wage agreement; (iii) the increase in profit sharing expenses; (iv) higher expenses
with depreciation and amortization; and (v) higher expenses with data processing and telecommunications.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
23 &ndash; General and Administrative Expenses&rdquo; to our consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Current and deferred
income and social contribution taxes</B> amounted to an expense of R$5,823 million for the year ended December 31, 2023, from an expense
of R$6,452 million in the year ended December 31, 2022, mainly driven by the increase with interest on capital, due to the increase in
the average annualized long-term interest rate, or TJLP, from 6.78% in the year ended December 31, 2022 to 7.05% in the same period of
2023.</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
24 &ndash; Taxes&rdquo; to our consolidated financial statements for further details.</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 12pt 0 0"><B><U>Results of Operations - </U></B><U><FONT STYLE="font-size: 10pt">Year
ended December 31, 2022, compared to year ended December 31, 2021.</FONT></U></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Considering the adoption
of IFRS 17 for insurance and reinsurance contracts held as from January 1, 2023, we adopted the modified retrospective approach with a
transition date of January 1, 2022 for comparative purposes. We did not adopt IFRS 17 for the years ended December 31, 2021, which follows
IFRS 4, based on BRGAAP, pursuant to CVM Official Circular No. 01/13. As such, the consolidated financial statements for the year ended
December 31, 2021 are not directly comparable to the consolidated financial statements for the year ended December 31, 2023 and 2022.
For further details, please see &ldquo;Note 2 &ndash; Significant accounting policies&rdquo; to our consolidated financial statements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">The table below presents
our summarized consolidated statement of income for the years ended December 31, 2022 and 2021.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Summarized Consolidated Statement of Income</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">For the year ended<BR>
December 31,&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ million</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 9pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; border-left: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left; width: 55%">Operating revenues</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 11%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142,279</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 13%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126,374</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right; width: 9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,905</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 12%">12.6</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Net interest income<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,209</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,814</TD>
    <TD STYLE="vertical-align: middle; text-align: right">15.7</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Non-interest income<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,256</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,165</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,091</TD>
    <TD STYLE="vertical-align: middle; text-align: right">8.0</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left">Expected loss from financial assets<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,737)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,379)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,358)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">92.9</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Other operating income (expenses)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77,848)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(69,764)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,084)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">11.6</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Net income before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,694</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,231</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,537)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(13.1)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 36px; vertical-align: bottom; text-align: left">Current and deferred income and social contribution taxes</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,452)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,847)</TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,395</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(53.4)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Net income</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,242</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,384</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,858</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">6.5</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid">Net income attributable to owners of the parent company</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,207</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,760</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,447</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">9.1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt; text-align: left">(1) Includes:&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="padding-left: 12px; font-size: 8pt; text-align: left">(i) interest and similar income (R$189,165 million and R$129,253 million in the years ended December 31, 2022 and 2021, respectively); <BR>
(ii) interest and similar expenses (R$(116,747) million and R$(69,305) million in the years ended December 31, 2022 and 2021, respectively); <BR>
(iii) income of financial assets and liabilities at fair value through profit or loss (R$13,325 million and R$16,678 million in the years ended December 31, 2022 and 2021, respectively); and<BR>
(iv) foreign exchange results and exchange variations in foreign transactions (R$1,280 million and R$(1,417) million in the years ended December 31, 2022 and 2021, respectively).</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt">(2) Includes commissions and banking fees, Income from insurance contracts and private pension and other income.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt">(3) Include claims R$(1,600) million in the year ended December 31, 2021.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Net income attributable
to owners of the parent company</B> increased by 9.1% to R$29,207 million for the year ended December 31, 2022, from R$26,760 million
for the same period of 2021. This is mainly due to a 12.6%, or R$15,905 million, increase in operating revenues, offset by a 92.9%, or
R$13,358 million, increase in expected loss from financial assets. These line items are further described below:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><B>Net interest income
</B>increased by R$11,814 million, or 15.7%, for the year ended December 31, 2022, compared to the same period of 2021, mainly due to
increases in the following line items (i) R$59,912 million in interest and similar income, mainly due to increases of R$24,055 million
in loan operations income and R$15,655 million in income from securities purchased under agreements to resell. This increase was offset
by (i) an increase of R$47,442 million in interest and similar expenses, mainly due to an increase of R$31,866 million in deposits; and
(ii) an increase of R$19,764 million in securities sold under repurchase agreements.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">Brazilian tax legislation provides
for gains and losses arising from exchange rate variations on permanent foreign investments to be included in the tax calculation basis,
based on their nature, as well as foreign-exchange variations on the hedged portions of foreign investments which, according to Law No.
14,031 of July 28, 2020, must be included in the proportion of 50% in 2021 and 100% from 2022 onwards. <FONT STYLE="color: windowtext">Our
investments abroad with risk coverage had their hedges 100% adjusted on December 31, 2021, in accordance with Law No. 14,031 of July 28,
2020. </FONT>Accordingly, the depreciation of the <I>real </I>against foreign currencies, especially the U.S. dollar, generates losses
on our hedging instruments abroad. Conversely, the appreciation of the <I>real</I> against foreign currencies, generates gains on our
hedging instruments abroad. This affected our tax
expenses recorded in the line items &ldquo;current and deferred income and social contribution taxes&rdquo; and &ldquo;other operating
income (expenses).&rdquo; The nominal appreciation of the <I>real</I> against the U.S. dollar was 6.5% comparing December 31, 2022 with
December 31, 2021, and the nominal depreciation of the <I>real</I> against the U.S. dollar was 7.4% comparing December 31, 2021 with December
31, 2020.</P>


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<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: justify"></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">The fiscal effect on the hedging
instruments for our investments abroad and other resulted in a gain of R$3,257 million for the year ended December 31, 2022, compared
to a gain of R$2,838 million for the same period of 2021.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Considering the fiscal effect on the
hedging instruments for our investments abroad mentioned above on current and deferred income and social contribution taxes and tax expenses,
net interest income increased by R$12,233 million for the year ended December 31, 2022, compared to the same period of 2021.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Interest and similar income</B> increased by 46.4%
for the year ended December 31, 2022, compared to the same period of 2021, due to the positive effect of the growth of our loan portfolio,
associated with the gradual change in the mix of products to loans to the Retail Business segment. As of December 31, 2022, the SELIC
rate was 13.75% per annum compared to 9.25% per annum as of December 31, 2021.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Interest and similar expenses</B> increased by 68.5%
for the year ended December 31, 2022 compared to the same period of 2021, due to increases in the following items: (i) R$31,866 million
in expenses from deposits, especially in time deposits; and (ii) R$19,764 million in expenses from securities sold under repurchase agreements.
The increases mentioned above are a result of the increase in interest rates and the increase in the volume of our operations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 0.75in; text-align: justify">Please see &ldquo;Note 21 &ndash; Interest
and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss&rdquo; to our consolidated
financial statements for further details on interest and similar expenses.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B>Non-interest income </B>increased
by 8.0% to R$4,091 million for the year ended December 31, 2022 compared to the same period of 2021. This increase was mainly due to (i)
a 5.3%, or R$2,242 million, increase in commissions and banking fees, due to the higher transaction volume from credit and debit cards,
both in the issuance and in the acquiring segment; and (ii) a 51.5%, or R$1,796 million, increase in other income, due to the corporate
reorganization of <I>C&acirc;mara Interbanc&aacute;ria de Pagamentos</I>, or CIP, to a new company, CIP S.A.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following chart shows the
main components of our banking service fees for the years ended December 31, 2022, and 2021:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 28.35pt">
</P>


<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="image_004.jpg" ALT=""></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 8pt 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
22 &ndash; Commissions and Banking Fees&rdquo; to our consolidated financial statements for further details on banking service fees.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 8pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Expected Loss from
Financial Assets </B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Our expected loss from
financial assets increased by R$13,358 million, or 92.9%, for the year ended December 31, 2022, compared to the same period of 2021, mainly
due to an increase in expected loss with loan and lease operations of R$14,149 million for the year ended December 31, 2022, compared
to the same period of 2021. This increase was due to (i) the growth of our credit portfolio, and (ii) a subsequent event related to a
specific case in the large companies segment, for which we recorded a provision for loan losses to cover 100% of the exposure of R$1.3
billion (R$719 million, net of taxes) as of December 31, 2022.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
10 &mdash; Loan and Lease operations&rdquo; to our consolidated financial statements for further details on our loan and lease operations
portfolio.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Other Operating Income
(Expenses)</B> increased by 11.6% to an expense of R$77,848 million for the year ended December 31, 2022, from an expense of R$69,764
million for the same period of 2021. This increase was mainly due to the R$6,381 million, or 10.2%, increase in our general and administrative
expenses for the year ended December 31, 2022. This increase was due to: (i) the effects of the annual collective wage agreement, the
growth in the number of employees, in addition to the increase in profit sharing expenses; (ii) higher expenses with credit card reward
programs; (iii) expenses with tax and social security provisions, and media marketing campaigns.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
23 &ndash; General and Administrative Expenses&rdquo; to our consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Current and deferred
income and social contribution taxes </B>amounted to an expense of R$6,452 million for the year ended December 31, 2022, from an expense
of R$13,847 million in the year ended December 31, 2021.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">This was partially due
to the fiscal effect on the hedging instruments for our investments abroad, as mentioned in &ldquo;Net interest income,&rdquo; which amounted
to a gain of R$3,215 million for the year ended December 31, 2022, compared to a gain of R$2,549 million for the same period of 2021.
Disregarding this fiscal effect, current and deferred income and social contribution taxes decreased by R$6,729 million during this period.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note 24 &ndash;
Taxes&rdquo; to our consolidated financial statements for further details.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Basis for Presentation of Segment Information
</I></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">We maintain segment information
based on reports used by senior management to assess the financial performance of our businesses and to make decisions regarding the allocation
of funds for investment and other purposes.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Segment information is
not prepared in accordance with IFRS issued by the IASB but based on BRGAAP and thus not affected by IFRS 17. It also includes the following
adjustments: (i) the recognition of the impact of capital allocation using a proprietary model; (ii) the use of funding and cost of capital
at market prices, using certain managerial criteria; (iii) the exclusion or inclusion of extraordinary items from our results; and (iv)
managerial adjustments and reclassifications applied to allow us to review our business analyses from the management point of view.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Extraordinary items correspond
to relevant events (with a positive or negative accounting effect) identified in our results of operations for each relevant period. We
apply a historically consistent methodology (approved by our governance procedures) pursuant to which relevant events are either not related
to our core operations or are related to previous fiscal years. The provisions for restructuring are extraordinary items and, as such,
do not impact the results and analysis regarding our segment information below.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">For more information on
our segments, see &ldquo;Item 4. Information on the Company&rdquo; in our 2022 Form 20-F and &ldquo;Note 30 &ndash; Segment Information&rdquo;
to our consolidated financial statements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">The table below sets forth
the summarized results from our operating segments for the year ended December 31, 2023:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; width: 40%">Summarized Consolidated Statement of Income<BR>
from January 1, 2023 to December 31, 2023<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 11pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Retail<BR>
Business<BR>
(a)</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Wholesale Business<BR>
(b)</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">Activities with the Market + Corporation<BR>
(c)&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Total<BR>
(a)+(b)+(c)&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">IFRS consolidated<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 11pt; font-style: normal; font-weight: 700"><SUP>(2)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: italic 10pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Operating revenues</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96,876</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,350</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,572</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156,798</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,425)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155,373</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Cost of Credit&nbsp;</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,844)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,098)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36,942)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,497</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,445)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Claims</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,487)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,509)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,509</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other operating income (expenses)</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45,476)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,457)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,864)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67,797)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,047)</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(84,844)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Income tax and social contribution</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,459)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,795)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(935)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,189)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,193</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,996)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Non-controlling interest in subsidiaries</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(78)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(655)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(743)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29)</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(772)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Net income&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,532</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,323</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,763</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,618</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,302)</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,316</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left">(1) The first three columns are our business segments. Additional information about each of our business segments can be found below under the headings &quot;(a) Retail Business&quot;, &quot;(b) Wholesale Business&quot; and &quot;(c) Activities with the Market + Corporation&quot;.<BR>
The adjustments column includes the following pro forma adjustments: (i) the recognition of the impact of capital allocation using a proprietary model; (ii) the use of funding and cost of capital at market prices, using certain managerial criteria; (iii) the exclusion of non-recurring events from our results; and (iv) the reclassification of the tax effects from hedging transactions we enter into for our investments abroad.<BR>
The IFRS consolidated column is the total result of our three segments plus adjustments. <BR>
(2) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following discussion should
be read in conjunction with our consolidated financial statements, especially &ldquo;Note 30 &ndash; Segment Information.&rdquo; The adjustments
column shown in this note shows the effects of the differences between the segmented results (substantially in accordance with BRGAAP)
and those calculated according to the principles adopted in our consolidated financial statements in IFRS as issued by the IASB.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify"><U>Year ended December 31, 2023, compared
to the year ended December 31, 2022:</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Itau Display,sans-serif"><B>(a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Retail Business</B></FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">This segment consists
of business with retail customers, account holders and non-account holders, individuals and legal entities, high income clients (Ita&uacute;
Uniclass and Personnalit&eacute;) and the companies&rsquo; segment (microenterprises and small companies). It includes financing and credit
assignments made outside the branch network, in addition to credit cards and payroll loans.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following table sets forth
our summarized consolidated statement of income with respect to our Retail Business segment for the years ended December 31, 2023, and
2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Summarized Consolidated Statement of Income - Retail Business</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">For the year ended<BR>
December 31,&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Variation<BR></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ million</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">%</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; vertical-align: middle; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; width: 43%">Operating revenues</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96,595</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 16%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90,509</TD>
    <TD STYLE="text-align: right; width: 13%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,086</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px; text-align: left">Interest margin</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,099</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,881</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,218</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px; text-align: left">Non-interest income <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,496</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,628</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,868</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Cost of credit and claims</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33,626)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,446)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,180)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other operating income (expenses)</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45,560)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43,512)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,048)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Income tax and social contribution</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,232)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,594)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7.9)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Non-controlling interest in subsidiaries</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(78)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(123)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(273.6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,099</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,002</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,097</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left">(1) Non-interest income include: commissions and banking fees; income from insurance and private pension operations before claim and selling expenses and other revenues.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B><U>Net income</U></B> from
our Retail Business segment increased by 19.1%, to R$13,099 million for the year ended December 31, 2023, from R$11,002 million for the
same period of 2022. These results are explained as follows:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Operating revenues</B>: increased by R$6,086 million
for the year ended December 31, 2023, compared to the same period of 2022, due to an increase of 7.7% in interest margin, due to a higher
average credit volume. Moreover, non-interest income increased by 5.2% in the year ended December 31, 2023, compared to the same period
of 2022, driven by higher gains in issuing activities, as a result of the increase in the volume of credit card transactions, in addition
to higher revenues from acquiring activities mainly due to the increase in transaction volume from credit cards and the higher gains from
flex products. Revenues from insurance also increased, driven by the increase in earned premiums.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Cost of credit and claims</B> increased by R$2,180
million for the year ended December 31, 2023, compared to the same period of 2022, due to an increase in provisions for loan losses, driven
by the higher origination in consumer credit and unsecured credit products and the increase in the total portfolio.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Other operating income (expenses)</B> increased
by R$2,048 million for the year ended December 31, 2023, compared to the same period of 2022, mainly due to the increase in expenses with
personnel, data processing and telecommunications, and depreciation and amortization.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Income tax and social contribution </B>for the Retail
Business segment, as well as for the Wholesale Business segment and Activities with the Market + Corporation segment, is calculated by
adopting the full income tax rate, net of the tax effect of any payment of interest on capital. The difference between the income tax
amount determined for each business segment and the effective income tax amount, as stated in our consolidated financial statements, is
recorded under the Activities with the Market + Corporation segment. As discussed above under &ldquo;Net income attributable to owners
of the parent company - Current and deferred income and social contribution taxes,&rdquo; our current and deferred income and social contribution taxes decreased
due to a tax benefit from interest on capital.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0.25in 0 0; text-align: justify; text-indent: 24.5pt"><B>(b) Wholesale Business
</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 24.5pt">This business segment
consists of products and services offered to middle-market companies, high net worth clients (Private Banking), and the operation of Latin
American units and Ita&uacute; BBA, which is the unit responsible for business with large companies and investment banking operations.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">The following table sets forth
our summarized consolidated statement of income with respect to our Wholesale Business segment for the years ended December 31, 2023,
and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Summarized Consolidated Statement of Income - Wholesale Business</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">For the year ended<BR>
December 31,&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Variation<BR></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2022</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center">R$ million</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; vertical-align: middle; border-right: black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; width: 48%">Operating revenues</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white; width: 14%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,631</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49,229</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,402</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.0</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px; text-align: left">Interest margin</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,980</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,701</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,279</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px; text-align: left">Non-interest income <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,651</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,528</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Cost of credit and claims</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,825)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,403)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;(2,422)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other operating income (expenses)</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,373)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19,482)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(891)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Income tax and social contribution</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,022)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,076)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Non-controlling interest in subsidiaries</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(655)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(825)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20.6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,756</TD>
    <TD STYLE="font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,443</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,313</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left">(1) Non-interest income include: commissions and banking fees; income from insurance and private pension operations before claim and selling expenses and other revenues.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt"><B><U>Net income</U></B>
from the Wholesale Business segment increased by 13.3%, to R$19,756 million for the year ended December 31, 2023 from R$17,443 million
for the same period of 2022. These results are explained as follows:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Operating revenues</B>: increased by R$5,402 million,
or 11.0%, for the year ended December 31, 2023 compared to the same period of 2022, due to an increase of 15.2% in the interest margin,
driven by the higher margin of liabilities recorded during the period, and the increased gains from structured operations. The 0.8% increase
in non-interest income was driven by the increase in revenues from advisory services and brokerage, as a result of higher volumes from
brokerage services, in addition to higher asset management fees due to the growth of our <I>cons&oacute;rcio</I> portfolio. As of December
31, 2023, we participated in 285 local fixed-income transactions, which included debentures and promissory notes issuance, as well as
securitization transactions, totaling R$74.7 billion in originated volume and R$40.1 in distribution, ranking first in originated volume
and distribution pursuant to a ranking published by the Brazilian Financial and Capital Markets Association (<I>Associa&ccedil;&atilde;o
Brasileira das Entidades dos Mercados Financeiro e de Capitais</I>, or ANBIMA). In the equity markets, we ranked first in number of operations,
participating in 33 operations (including Block Trades), and first in volume with R$9.9 billion, both in Dealogic&acute;s ranking, as
of December 31, 2023. We also provided financial advisory services for 37 M&amp;A transactions in Brazil, totaling R$26.2 billion. As
of December 31, 2023, we were ranked second place in number of M&amp;A deals and fifth place in volume in Dealogic&rsquo;s ranking.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Cost of credit and claims </B>increased by R$2,422
million for the year ended December 31, 2023 compared to the same period of 2022, due to the normalization in the provision for loan losses
and the higher impairment charges on corporate securities in the Wholesale Business
segment in Brazil.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Other operating income (expenses)</B> increased
by R$891 million for the year ended December 31, 2023, compared to the same period of 2022, driven by the increase in expenses with data
processing and telecommunications, and depreciation and amortization.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify"><B>Income tax and social contribution</B> for
this business segment, as well as for the Retail Business and Activities with the Market + Corporation segments, is calculated by adopting
the full income tax rate, net of the tax effect of any payment of interest on capital. The difference between the income tax amount determined
for each segment and the effective income tax amount, as stated in our consolidated financial statements, is recorded under the Activities
with the Market + Corporation segment. As discussed above, our current and deferred income and social contribution taxes decreased mainly
due to a tax benefit from interest on capital.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0.25in 0 0; text-align: justify; text-indent: 24.5pt"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Activities
with the Market + Corporation </B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 24.5pt">This segment consists
of results from capital surplus, subordinated debt surplus and the net balance of tax credits and debits. It also includes the financial
margin on market trading, treasury operating costs, and equity in earnings of companies not included in either of the other segments.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">The following table sets forth
our summarized consolidated statement of income with respect to our Activities with the Market + Corporation segment for the years ended
December 31, 2023, and 2022:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Summarized Consolidated Statement of Income - Activities with the Market + Corporation</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">For the year ended<BR>
December 31,&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt">Variation<BR></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">R$ million</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-size: 8pt; font-style: italic; border-left: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-style: italic">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; width: 47%">Operating revenues</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white; width: 17%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,572</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 16%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,983</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,589</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86.8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px; text-align: left">Interest margin</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,019</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,979</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,040</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68.5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px; text-align: left">Non-interest income <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549</TD>
    <TD STYLE="text-align: right">&nbsp;12,961.4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other operating income (expenses)</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,864)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(374)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,490)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398.3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Income tax and social contribution</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(935)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(921)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;6,490.8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Non-controlling interest in subsidiaries</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(254)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(96.1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,763</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,341</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 1pt solid; border-left: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.0</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left">(1) Non-interest income include: commissions and banking fees; income from insurance and private pension operations before claim and selling expenses and other revenues.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 21.3pt"><B><U>Net income</U></B>
from the Activities with the Market + Corporation segment increased by R$422 million, or 18.0%, for the year ended December 31, 2023,
compared to the same period of 2022. We recorded an increase of R$2,589 million in operating revenues, due to the higher remuneration
by excess capital and higher income with interest on capital. This increase was partially offset by an increase of R$1,490 million in
other operating income (expenses), due to the tax benefit received in the year ended December 31, 2022.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify"><B>Income tax and social contribution</B> for
this segment, as well as for the Retail Business and Wholesale Business segments, is calculated by adopting the full income tax rate,
net of the tax effect of any payment of interest on capital. The difference between the income tax amount determined for each segment
and the effective income tax amount, as stated in our consolidated financial statements, is recorded under the Activities with the Market
+ Corporation segment. As discussed above, our current and deferred income and social contribution taxes increased mainly due to an increase in income before tax and social
contribution.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: justify"></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Balance Sheet </I></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 24.5pt">The table below sets forth
our summarized balance sheet as of December 31, 2023 and December 31, 2022. Please see our consolidated financial statements for further
details about our Consolidated Balance Sheet.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="3" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Summarized Balance Sheet - Assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; text-align: center">As of&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: gray; border-left-width: 0.5pt">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">December 31, 2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">December 31, 2022</TD>
    <TD STYLE="font-weight: bold; border-left: gray 0.5pt solid; text-align: center">R$ million</TD>
    <TD STYLE="font-weight: bold; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 9pt Itau Display Light; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid; border-left: gray 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom">Cash</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,001</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,381</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,380)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(9.6)</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom">Financial assets at amortized cost&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,686,225</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,578,789</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,436</TD>
    <TD STYLE="vertical-align: middle; text-align: right">6.8</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; width: 54%">Compulsory deposits in the Central Bank of Brazil</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; width: 13%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145,404</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; width: 13%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115,748</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right; width: 9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,656</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 9%">25.6</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Interbank deposits, securities purchased under agreements to resell and securities at amortized cost</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550,071</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494,397</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,674</TD>
    <TD STYLE="vertical-align: middle; text-align: right">11.3</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Loan and lease operations portfolio</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910,590</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909,422</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,168</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.1</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">Other financial assets</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127,699</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109,909</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,790</TD>
    <TD STYLE="vertical-align: middle; text-align: right">16.2</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">(-) Provision for Expected Loss&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47,539)</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50,687)</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,148</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(6.2)</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130,039</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126,748</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,291</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2.6</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568,354</TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464,682</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103,672</TD>
    <TD STYLE="vertical-align: middle; text-align: right">22.3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left">Insurance contracts, Investments in associates and join ventures, Fixed assets, Goodwill and Intangible assets and other assets</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61,960</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,821</TD>
    <TD STYLE="border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,139</TD>
    <TD STYLE="text-align: right">11.0</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3">Tax assets</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64,521</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,645</TD>
    <TD STYLE="border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,876</TD>
    <TD STYLE="text-align: right">8.2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; font-weight: bold; border-right: White 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: left">Total assets</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,543,100</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,321,066</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222,034</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">9.6</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify"><U>December 31, 2023, compared to December
31, 2022.</U></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0; text-align: justify; text-indent: 28.35pt"><B><U>Total assets</U></B>
increased by R$222,034 million, as of December 31, 2023, compared to December 31, 2022, mainly due to an increase in financial assets
at amortized cost and in financial assets at fair value through profit or loss. This result is further described below:&#9;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Financial assets at
amortized cost</B> increased by R$107,436 million, or 6.8%, as of December 31, 2023, compared to December 31, 2022, mainly due to an increase
in interbank deposits, securities purchased under agreements to resell and securities at amortized cost and compulsory deposits in the
Central Bank of Brazil.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Interbank deposits,
securities purchased under agreements to resell, securities at amortized cost </B>increased by R$55,674 million, or 11.3%, as of December
31, 2023 compared to December 31, 2022, mainly due to an increase of (i) R$47,717 million in securities, mainly in corporate securities,
especially in rural product notes <I>(C&eacute;dula do Produtor Rural)</I> and debentures; and (ii) R$16,542 million in securities purchased
under agreements to resell.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
4 - Interbank Deposits and Securities Purchased Under Agreements to Resell&rdquo;, &ldquo;Note 9 - Financial assets at amortized cost
&ndash; Securities&rdquo; to our consolidated financial statements for further details.&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Loan and lease operations
portfolio</B> increased by R$1,168 million, or 0.1%, as of December 31, 2023, compared to December 31, 2022, mainly due to the increase
of R$16,513 million in our individuals loan portfolio, was due to increases of (i) R$7,447 million in mortgage loans; and (ii) R$7,047
million in personal loans. The increase was offset by the decrease of R$16,752 million in foreign loans &ndash; Latin America, mainly
due to the impact of exchange variations, as well as the fact that we only consolidated the results of Banco Ita&uacute; Argentina until
July 2023; and (ii) R$2,807 million in our corporate portfolio.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Loan and Lease Operations, by asset type</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; text-align: center">As of&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: gray; border-left-width: 0.5pt">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">December 31, 2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">December 31, 2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: center">R$ million</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center">(In millions&nbsp;&nbsp;of R$)</TD>
    <TD STYLE="font-style: italic; border-left: gray 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid; width: 42%">Individuals</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 17%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416,616</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 17%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400,103</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right; width: 12%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,513</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 12%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left">Credit card</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,317</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,855</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.3</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left">Personal loan</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,992</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,945</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,047</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left">Payroll loans</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,472</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,633</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(161)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.2)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left">Vehicles</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,324</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,606</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,718</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left">Mortgage loans</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112,511</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105,064</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,447</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">Corporate</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,461</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139,268</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,807)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.0)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">Micro/Small and Medium Businesses</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169,110</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164,896</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,214</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid">Foreign Loans Latin America</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188,403</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205,155</TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16,752)</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8.2)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid">Total Loan operations and lease operations portfolio</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910,590</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909,422</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,168</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.1</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
10 &ndash; Loan and Lease Operations&rdquo; to our consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">The table below sets forth
our summarized balance sheet &ndash; liabilities and stockholders&rsquo; equity as of December 31, 2023 and December 31, 2022. Please
see our consolidated financial statements for further details about our Consolidated Balance Sheet.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3"><P STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">Summarized Balance Sheet - Liabilities and Stockholders' Equity</p>
</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">As of</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: #A6A6A6 0.5pt solid; text-align: center">Variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">December 31, 2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">December 31, 2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: #A6A6A6 0.5pt solid; text-align: center">R$ million</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-style: italic; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom; border-left: #A6A6A6 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3">Financial Liabilities</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,001,691</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,836,690</TD>
    <TD STYLE="border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;165,001</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.0</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">At Amortized Cost&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,944,162</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,755,498</TD>
    <TD STYLE="vertical-align: middle; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;188,664</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.7</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; width: 45%">Deposits</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 17%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951,352</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 17%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871,438</TD>
    <TD STYLE="vertical-align: middle; border-left: #A6A6A6 0.5pt solid; text-align: right; width: 9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,914</TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Securities sold under repurchase agreements</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362,786</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293,440</TD>
    <TD STYLE="vertical-align: middle; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,346</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.6</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Interbank market funds, Institutional market funds and other financial liabilities</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630,024</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590,620</TD>
    <TD STYLE="vertical-align: middle; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,404</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">At Fair Value Through Profit or Loss</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53,331</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77,508</TD>
    <TD STYLE="vertical-align: middle; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,177)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31.2)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left">Provision for Expected Loss&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,198</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,684</TD>
    <TD STYLE="vertical-align: middle; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.0</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left">Insurance contracts and private pension&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271,546</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233,126</TD>
    <TD STYLE="border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,420</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left">Provisions</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,744</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,475</TD>
    <TD STYLE="border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left">Tax liabilities</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,202</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,773</TD>
    <TD STYLE="border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,429</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left">Other liabilities</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,867</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,895</TD>
    <TD STYLE="border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,028)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12.6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left">Total liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,344,050</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,143,959</TD>
    <TD STYLE="font-weight: bold; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;200,091</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left">Total stockholders&rsquo; equity attributed to the owners of the parent company</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190,177</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167,717</TD>
    <TD STYLE="font-weight: bold; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,460</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left">Non-controlling interests</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,873</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,390</TD>
    <TD STYLE="border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(517)</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5.5)</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: justify">Total stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199,050</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177,107</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; border-left: #A6A6A6 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,943</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: left">Total liabilities and stockholders' equity</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,543,100</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,321,066</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; border-left: #A6A6A6 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;222,034</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt"><B><U>Total liabilities
and stockholders&rsquo; equity</U></B> increased by R$222,034 million, as of December 31, 2023, compared to December 31, 2022, mainly
due to an increase in financial liabilities at amortized cost. These results are detailed as follows:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Deposits </B>increased
by R$79,914 million, or 9.2%, as of December 31, 2023, compared to December 31, 2022, mainly due to an increase of R$92,376 million in
time deposits, due to our commercial strategy to focus on this product in the Retail Business segment and higher demand for fixed income
products.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
15 &ndash; Deposits&rdquo; to our consolidated financial statements for further details.</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Securities sold under
repurchase agreements </B>increased by R$69,346 million, or 23.6%, as of December 31, 2023 compared to December 31, 2022, mainly due to
an increase of R$61,935 million in government securities.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
17 &ndash; Securities Sold Under Repurchase Agreements and Interbank and Institutional Market Funds&rdquo; to our consolidated financial
statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Interbank market funds,
institutional market funds and other financial liabilities </B>increased by R$39,404 million, or 6.7%, as of December 31, 2023 compared
to December 31, 2022, mainly due to increases of R$34,058 million in interbank market funds, especially in mortgage and financial bills,
and R$15,137 million in other financial liabilities, mainly in credit card operations, partially offset by a decrease of R$9,791 million
in institutional market funds.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
17 &ndash; Securities Sold Under Repurchase Agreements and Interbank and Institutional Market Funds&rdquo; and &ldquo;Note 18 &ndash;
Other assets and liabilities&rdquo; to our consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Insurance contracts
and private pension </B>increased by R$38,420 million, or 16.5%, as of December 31, 2023 compared to December 31, 2022, mainly due to
the update of private pension contracts known as PGBL and VGBL, due to the performance of the funds as a result of the increase in private
pension contracts index.</P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Capital Management</B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Capital Adequacy</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Through our ICAAP, we assess
the adequacy of our capital to face the risks to which we are subject. For ICAAP, capital is composed of regulatory capital for credit,
market and operational risks, and by the necessary capital to cover other risks.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">In order to ensure our capital
soundness and availability to support business growth, we maintain capital levels above the minimum requirements, according to the Common
Equity Tier I, Additional Tier I Capital and Tier II minimum ratios.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Our Total Capital, Tier I Capital
and Common Equity Tier I Capital ratios are calculated on a consolidated basis, applied to institutions included in our Prudential Conglomerate
which comprises not only financial institutions but also consortium administrators (<I>administradoras de cons&oacute;rcios</I>), payment
institutions (<I>institui&ccedil;&otilde;es de pagamento</I>), factoring companies or companies that directly or indirectly assume credit
risk, and investment funds in which our Ita&uacute; Unibanco Group retains substantially all risks and rewards.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As of December 31, 2023, our Total
Capital reached R$206,862 million, an increase of R$ 21,447 million compared to December 31, 2022. Our Basel Ratio (calculated as the
ratio between our Total Capital and the total amount of RWA) reached 17.0% as of December 31, 2023, an increase of 200 basis points compared
to 15.0% as of December 31, 2022, driven by the net income for the period.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><IMG SRC="image_029.jpg" ALT=""></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><IMG SRC="image_030.jpg" ALT="">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Additionally,
the Fixed Assets Ratio (<I>&Iacute;ndice de Imobiliza&ccedil;&atilde;o</I>) indicates the level of total capital committed to adjusted
permanent assets. Ita&uacute; Unibanco Holding is within the maximum limit of 50% of the adjusted total capital, as established by the
Central Bank. As of December 31, 2023, our Fixed Assets Ratio reached 21.5%, which presents a buffer of R$58,879 million. The ratio leverage
reached 7.4% on December 31, 2023, an increase of 20 basis points compared to 7.2% December 31, 2022.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 31, 2023, our Tier I Capital
ratio reached 15.2%, consisting of 13.7% Common Equity Tier I and of 1.5% Additional Tier I. Our Tier I ratio increased 60 basis points
in relation to September 30, 2023, driven by the increase in net income for the period. The Pro forma Tier I considers the extraordinary
dividend based on the 2023 result, which will be paid in March 2024, in the amount of R$11 billion.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 -20pt; text-align: justify; text-indent: 0.75in">Please see &ldquo;Note 32 &ndash; Risk
and Capital Management&rdquo; of our consolidated financial statements for further details about regulatory capital.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify">Liquidity Ratios</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.45pt">The Basel III Framework introduced
global liquidity standards, providing for minimum liquidity requirements and aims to ensure that banks can rely on their own sources of
liquidity, leaving central banks as a lender of last resort. Basel III provides for two liquidity ratios to ensure that financial institutions
have sufficient liquidity to meet their short-term and long-term obligations: (i) the liquidity coverage ratio, or LCR, and (ii) the net
stable funding ratio, or NSFR. We believe that the LCR and NSFR provide more relevant information than an analysis of summarized cash
flows.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.45pt">Set out below is a discussion
of our LCR for the three-month periods ended on December 31, 2023 and 2022 and our NSFR as of December 31, 2023 and 2022.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>Liquidity Coverage Ratio</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The LCR measures the short-term resistance
of a bank&rsquo;s liquidity risk profile. It is the ratio of the stock of high-quality liquid assets to expected net cash outflows over
the next 30 days, assuming a scenario of idiosyncratic or systemic liquidity stress.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We calculate our LCR according to
the methodology established in Central Bank Circular No. 3,749/2015. We measure our total high liquidity assets for the end of each period
to cash outflows and inflows as the daily average value for each period. Pursuant to Central Bank regulations, effective as of January
1, 2019, the minimum LCR is 100%.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Three-month period ended,</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; width: 46%">Liquidity Coverage Ratio</TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: center; width: 27%">December 31, 2023</TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: center; width: 27%">December 31,2022</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">Total Weighted Value (average)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-style: italic; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle; text-align: left">Total High Liquidity Assets (HQLA)<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>1</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">371,763</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">325,269</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle">Cash Outflows<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>2</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">384,959</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">361,902</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle">Cash Inflows<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>3</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">191,181</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">164,104</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle">Total Net Cash Outflows</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">193,779</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">197,798</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">LCR%</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">191.8%</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">164.4%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left">(1) High Quality Liquidity Assets correspond to inventories, in some cases weighted by a discount factor, of assets that remain liquid in the market even in periods of stress, that can easily be converted into cash and that are classified as low risk.</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left">(2) Outflows &mdash; total potential cash outflows for a 30-day horizon, calculated for a standard stress scenario as defined by BACEN Circular 3,749.</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left">(3) Inflows &mdash; total potential cash inflows for a 30-day horizon, calculated for a standard stress scenario as defined by BACEN Circular 3,749.</TD></TR>
  </TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;</FONT> </P>



<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Our average LCR as of December
31, 2023 was 191.8% and, accordingly, above Central Bank requirements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B><I>Net Stable Funding Ratio</I></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The NSFR measures long-term liquidity
risk. It is the ratio of available stable funding to required stable funding over a one-year time period, assuming a stressed scenario.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We calculate our NSFR according to
the methodology established in Central Bank Circular No. 3,869/2017. The NSFR corresponds to the ratio of our available stable funds (ASF)
for the end of each period to our required stable funds (RSF) for the end of each period.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-indent: 35.45pt">Pursuant to Central Bank regulations, effective as of October
1, 2018, the minimum NSFR is 100%.</P>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left; width: 48%">Net Stable Funding Ratio</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center; width: 26%">2023</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center; width: 26%">2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">Total Ajusted Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; font-style: italic; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Total Available Stable Funding (ASF)&sup1;</TD>
    <TD STYLE="text-align: right">1,246,214</TD>
    <TD STYLE="text-align: right">1,151,750</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Total Required Stable Funding (RSF)&sup2;</TD>
    <TD STYLE="text-align: right">982,376</TD>
    <TD STYLE="text-align: right">922,395</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">NSFR (%)</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">126.9%</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">124.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left">(1)&nbsp;&nbsp;ASF &ndash; Available Stable Funding &ndash; refers to liabilities and equity weighted by a discount factor according to their stability, pursuant to Central Bank Circular 3,869/2017.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left">(2) RSF &ndash; Required Stable Funding &ndash; refers to assets and off-balance exposures weighted by a discount factor to their necessity, pursuant to Central Bank Circular 3,869/2017.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">As of December 31, 2023, our
ASF totaled R$1,246.2 billion, mainly due to capital and Retail Business and Wholesale Business funding, and our RSF totaled R$982.4 billion,
particularly due to loans and financing with Wholesale Business and Retail Business customers, central governments and transactions with
central banks.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">As of December 31, 2023, our
NSFR was 126.9% and, accordingly, above Central Bank requirements.</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify">Liquidity and Capital Resources</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We define our consolidated group
operational liquidity reserve as the total amount of assets that can be rapidly turned into cash, based on local market practices and
legal restrictions. The operational liquidity reserve generally includes cash and deposits on demand, funded positions of securities purchased
under agreements to resell and unencumbered government securities.</P>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B></B></P>

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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The following table presents our operational liquidity reserve as of December
31, 2023 and 2022:&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Operational Liquidity Reserve</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt">As of December 31,</TD>
    <TD ROWSPAN="2" STYLE="font-size: 9pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; border-left: white 1.5pt solid; text-align: center">2023 Average Balance<FONT STYLE="font-family: Itau Display, sans-serif; font-size: 9pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center">2022</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center">(In millions of R$)</TD>
    <TD STYLE="font-style: italic; vertical-align: bottom; border-right: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify; width: 62%">Cash</TD>
    <TD STYLE="text-align: right; width: 13%">32,001</TD>
    <TD STYLE="text-align: right; width: 13%">35,381</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; width: 12%">32,939</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify">Securities purchased under agreements to resell &ndash; Funded position <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">58,714</TD>
    <TD STYLE="text-align: right">34,373</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right">57,681</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify">Unencumbered government securities <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">147,861</TD>
    <TD STYLE="text-align: right">189,279</TD>
    <TD STYLE="text-align: right">175,935</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: justify">Operational reserve</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">238,576</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">259,033</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">266,555</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid">(1) Average calculated based on financial statements.</TD>
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left">(2) Net of R$ 9,008 (R$14,576 at 12/31/2022), which securities are restricted to guarantee transactions at B3 S.A. - Brasil, Bolsa, Balc&atilde;o (B3) and the Central Bank.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left">(3) Present values are included as a result of the change in the reporting of future flows of assets that are now reported as future value as of September 2016.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.45pt">Our main sources of funding
are interest-bearing deposits, deposits received under repurchase agreements, on-lending from government financial institutions, lines
of credit with foreign banks and the issuance of securities abroad.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.45pt">Please see &ldquo;Note
15 &ndash; Deposits&rdquo; to our consolidated financial statements for further details about funding.<B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Capital Expenditures</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In accordance with our practice in
the last few years, our capital expenditures in the year ended December 31, 2022 were funded with internal resources. We cannot provide
assurance that we will make capital expenditures in the future and, if made, that the amounts will correspond to the current estimates.
The table below shows our capital expenditures for the years ended December 31, 2023, and 2022:</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-left-color: white; border-left-width: 1.5pt">For the year ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: left; width: 60%">Capital Expenditures</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; width: 22%">December 31, 2023</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 18%">December 31, 2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: Black 0.5pt solid; font-size: 9pt; font-style: italic; text-align: center">(In millions of R$, except percentages)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Fixed Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,815</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,727</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Fixed assets under construction</TD>
    <TD STYLE="text-align: right">1,277</TD>
    <TD STYLE="text-align: right">905</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Land and buildings</TD>
    <TD STYLE="text-align: right">1,510</TD>
    <TD STYLE="text-align: right">8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Improvements</TD>
    <TD STYLE="text-align: right">57</TD>
    <TD STYLE="text-align: right">56</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Installations, furniture and data processing equipment</TD>
    <TD STYLE="text-align: right">942</TD>
    <TD STYLE="text-align: right">1,710</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Other</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">48</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Intangible Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,376</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,768</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Goodwill</TD>
    <TD STYLE="text-align: right">603</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; font-size: 11pt; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Software acquired or internally developed</TD>
    <TD STYLE="text-align: right">4,086</TD>
    <TD STYLE="text-align: right">4,727</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Other intangibles</TD>
    <TD STYLE="text-align: right">687</TD>
    <TD STYLE="text-align: right">1,041</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">9,191</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: right">8,495</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Please see &ldquo;Note
13 &ndash; Fixed Assets&rdquo; and &ldquo;Note 14 &ndash; Goodwill and Intangible Assets&rdquo; to our consolidated financial statements
for details about our capital expenditures.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt"><B>Capitalization</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The table below presents
our capitalization as of December 31, 2023. The information described is derived from our consolidated financial statements as of and
for the year ended December 31, 2023. As of the date of this Form 6-K, there has been no material change in our capitalization since December
31, 2023.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
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    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; border-left: white 1.5pt solid; text-align: left">Capitalization</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center">For the year ended December 31, 2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;R$</TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">US$ <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: white 1.5pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: center">(In millions, except percentages)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid; width: 67%">Current liabilities</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 16%">&nbsp;</TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; width: 17%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Deposits</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480,818</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,316</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331,405</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,454</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Structured notes</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Derivatives</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,951</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,534</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Interbank market funds</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175,771</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,307</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Institutional market funds</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,253</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,324</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Other financial liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177,201</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,602</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">lnsurance contracts and private pension&nbsp;</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Provisions</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,562</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,355</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Tax liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,970</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Other Non-financial liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,680</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,370</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 1pt solid; border-left: white 1.5pt solid">Total</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; border-bottom: Black 1pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,245,101</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; border-bottom: Black 1pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257,183</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid">Long-term liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Deposits</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470,534</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97,192</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,381</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,482</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Structured notes</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Derivatives</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,524</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,305</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Interbank market funds</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152,874</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,577</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Institutional market funds</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108,338</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Other financial liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,147</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,063</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">lnsurance contracts and private pension&nbsp;</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Provision for Expected Loss</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,198</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Provisions</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,182</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,723</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Tax liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,672</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left">Other Non-financial liabilities</TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,186</TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,278</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827,330</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170,890</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid">Income tax and social contribution - deferred</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-left-color: white; border-left-width: 1.5pt">560</TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid">Non-controlling interests</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-left-color: white; border-left-width: 1.5pt">8,873</TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,833</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid">Stockholders&rsquo; equity attributed to the owners of the parent company <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; border-left-color: white; border-left-width: 1.5pt">190,177</TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,282</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid">Total capitalization <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt">2,272,042</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right">469,304</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; border-top-color: Black; border-top-width: 0.5pt">BIS ratio <FONT STYLE="font-family: Itau Display, sans-serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(4)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; border-left-color: white; border-left-width: 1.5pt">17.0%</TD>
    <TD STYLE="border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid">(1) Convenience translation at&nbsp;&nbsp;4.8413 reais per U.S. dollar, the exchange rate in effect on December 31, 2023.</TD>
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="color: white; font-size: 8pt; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: justify">(2) Ita&uacute; Unibanco Holding&rsquo;s authorized and outstanding share capital consists of 4,958,290,359 common shares and 4,845,408,318 preferred shares, all of which are fully paid. For more information regarding our share capital see Note&nbsp;19 to our consolidated financial statements as of and for the period ended December 31, 2023.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: justify">(3) Total capitalization corresponds to the sum of total current liabilities, long-term liabilities, deferred income, minority interest in subsidiaries and stockholders&rsquo; equity.&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: justify">(4) Calculated by dividing total regulatory capital by risk weight assets.</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin-top: 0; margin-right: 0; margin-bottom: 10pt; text-align: left"><B></B></P>

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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin-top: 0; margin-right: 0; margin-bottom: 10pt; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin-top: 0; margin-right: 0; margin-bottom: 10pt; text-align: left"><B>Off-Balance Sheet
Arrangements</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">We do not have any off-balance sheet arrangements, other than the guarantees,
financial guarantees, commitments to be released, letters of credit to be released and contractual commitments that are described in &ldquo;Note
13 &ndash; Fixed assets,&rdquo; &ldquo;Note 14 &ndash; Goodwill and Intangible assets,&rdquo; &ldquo;Note 32 &ndash; Risk and Capital
Management, I.I &ndash; Collateral and policies for mitigating credit risk&rdquo; and &ldquo;Note 32 &ndash; Risk
and Capital Management &ndash; I.IV &ndash; Maximum Exposure of Financial Assets to Credit Risk&rdquo; to our consolidated financial statements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: bold 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">REGULATORY RECENT DEVELOPMENTS</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We are subject to the regulation and
supervision of various regulatory entities in the segments we operate. The supervision of these entities is essential to the structure
of our business and directly impacts our growth strategies. Our 2022 Form 20-F contains disclosure of the regulations and supervision
of various regulatory entities to which we are subject in &ldquo;Item 4B. Business Overview - Supervision and Regulation.&rdquo;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We describe below the material regulatory
developments applicable to us that took place during the year ended December 31, 2023 and through the date of this Form 6-K.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/106% Itau Display,sans-serif; margin: 0 0 8pt; text-align: justify"><B><I>Instant Payments</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Central Bank implemented an instant
payment ecosystem in November 2020. The settlement of the system is centralized at the Central Bank. In addition to increasing the speed
at which payments or transfers are made and received, available 24 hours a day, seven days a week, all days of the year, the ecosystem
increased market competitiveness and efficiency; lowered costs; and enhanced customer experience.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Central Bank Resolution No. 1/20,
or the PIX Regulation, came into effect on September 1, 2020, and established the Instant Payment Arrangement, or PIX System, payment
scheme, and approved its regulation.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On February 17, 2023, the Central
Bank published Resolution No. 293, which establishes additional rules for partnerships and outsourcing arrangements established within
the PIX System by market participants, previously defined in Central Bank Resolution No. 269, which defines, among other things, &ldquo;partnerships&rdquo;
within the PIX scheme as a commercial relationship between two or more institutions directly participating in the PIX scheme and &ldquo;outsourcing&rdquo;
as a relationship between a participating institution and a non-participating private agent. Central Bank Resolution No. 269 also explicitly
prohibits PIX related outsourcing arrangements in two cases: (i) when the third party offers transactional accounts; and (ii) when the
third party does not hold a transactional account but initiates payment transactions through an account provided by a participating institution.
The first type of outsourcing is expressly forbidden because the agent that holds a transactional account and wishes to offer PIX to its
customers must necessarily be a PIX participant itself.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We are not part of any partnership
scheme, nor do we outsource PIX System activities, but these changes increase market competitivity.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On September 26, the Central Bank
issued Resolution No. 342 and Normative Ruling No. 412, both of which came into effect on September 28, 2023, and enhances rules mostly
related to PIX System safety incidents, communication to data subjects when any incidents involving personal data occur and define penalties
that institutions participating in the PIX System are subject to in cases of noncompliance with technical and regulatory safety requirements.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 7, 2023, the Central Bank
issued Resolutions No. 360 and 361, which respectively amend the PIX Regulations and the PIX sanctions manual to include provisions related
to Automatic PIX transactions, a new solution within the PIX ecosystem that will allow for PIX payments in automatic installments, which
may be used, for instance, for online subscription payments.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/106% Itau Display,sans-serif; margin: 0 0 8pt; text-align: justify"><B><I>Open Finance</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Brazilian open finance comprises
financial institutions, payment institutions and other Central Bank-licensed entities by making it possible to share, in a phased-in approach
and through a secure, prompt, accurate and convenient manner, data on products and services, customer record data and customer transaction
data upon customer&rsquo;s authorization, via integration of information systems. Open finance also covers the provision of initiation
payment services and forwarding loan proposals through digital correspondent agents.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On February 27, 2023, the Central
Bank issued Resolution No. 294, which came into effect on April 1, 2023, establishing, among other things, technical requirements, and
operational procedures for the Open Finance implementation in Brazil. The main change introduced by this rule is related to the scope
of the monitoring function assigned to the governance structure responsible for implementing Open Finance.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On October 26, 2023, the Central Bank
issued Joint Resolution No. 7, which came into effect on October 30, 2023, and simplifies the process of renewing consents for data sharing
in Open Finance. In order to ease the process for clients, the new rule allows participating institutions, such as us, to offer longer
terms than the current 12-month limit for data sharing, while maintaining the provision allowing clients to revoke their consent at any
time.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 20, 2023, the Central
Bank issued Normative Ruling No. 441, through which it published the Open Finance&rsquo;s Monitoring Manual, detailing the rules and procedures
to be followed by the Open Finance Governance Structure. Normative Ruling No. 441 enters into force on March 1, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/106% Itau Display,sans-serif; margin: 0 0 8pt; text-align: justify"><B><I>Foreign Exchange Transactions and Exposure</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On October 17, 2023, the Central Bank
issued Resolution No. 348, that came into effect on November 1, 2023. This rule amends prior rules, provides, among other matters, that
the execution of simultaneous foreign exchange transactions will no longer be required for foreign direct investments and granting of
loans to foreign investors when there is no actual flow of funds involved in the underlying transaction, subject to other conditions as
provided in Resolution No. 348. Foreign exchange transactions must still be followed in investments performed by non-resident investors
in the Brazilian capital and finance markets.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Implementation of Basel III in Brazil </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 16, 2023, the Central Bank
issued Resolution No. 303, that came into effect on July 1, 2023, which provides for changes in the calculation of the capital requirement
related to credit risk exposures calculated through the internal ratings-based, or IRB, approach (RWACIRB). Resolution No. 303 introduces
limits for some parameters, reduces the set of portfolios eligible to the IRB approaches and introduces several improvements to the applicable
prudential regulation, including flexibility in the application process for the use of the IRB approaches, which now allows partial adoption
by the institution, for specific portfolios. While the rule is applicable to financial institutions classified in segments S1, such as
us, and S2, according to classifications issued by the Central Bank for the purposes of the proportional application of prudential regulation
according to systemic risk, as of the date of this report, none of the institutions included in these segments, including us, uses IRB
approaches, since adoption is optional and subject to prior approval by the Central Bank.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 26, 2023, the Central Bank
issued Resolution No. 313, which will come into effect on July 1, 2024. This rule addresses the second phase of BCBS&rsquo; market risk
framework (Fundamental Review of the Trading Book or &ldquo;FRTB&rdquo;), establishing the procedures for the daily calculation, using
a standardized approach, of the portion of RWA related to the calculation of the capital required for exposures to the credit risk of
financial instruments classified in the trading portfolio (RWADRC). The changes provided by the rule include the separation of the calculation
of capital requirement of exposures subject to credit risk classified in the trading book from those classified in the banking book, enabling
the elimination of exposure protected by credit derivatives and encouraging institutions to include this hedging mechanism in their portfolios,
in order to lower effective exposure to risk.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On November 28, 2023, the Central
Bank issued Resolution No. 356, which comes into effect by January 2025 and replaces the three calculation methodologies for required
capital for risk-weighted assets (RWAOPAD) currently in use (BIA, ASA and ASA2), with a single, more robust and risk-sensitive method,
including an internal loss component that modulates the capital required.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Pillar 3 Report</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 23, 2023, the Central Bank
issued Resolution No. 306, that alters several prudential rules to include in their scope of applicable regulatory conglomerates (<I>conglomerados
prudenciais</I>) led by payment institutions. Among other changes, two new topic sections were included in the Pillar 3 report. The first
deals with the comparison between the RWA amounts calculated through the standard approach and through the IRB approaches, and the second
with the disclosure of information related to assets subject to any impediment or restriction of negotiation due to a legal, regulatory,
statutory or contractual aspect.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/106% Itau Display,sans-serif; margin: 0 0 8pt; text-align: justify"><B><I>New Rules on Accounting Standards</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 28, 2023, the Central Bank
issued Resolution No. 309, establishing, among other things, accounting procedures to (i) define the components of financial instruments
which constitute payments of principal and interest on the principal value for the purposes of classification of financial assets; (ii)
define the methodology for determining the effective interest rate of financial instruments; (iii) establish parameters to measure the
expected loss associated with credit risk, including for setting minimum levels of allowance for expected losses associated with credit
risk; and (iv) detail the information on financial instruments to be disclosed in explanatory notes. Resolution No. 309 will enter into
effect on January 1, 2025, and it is in line with international pronouncement &ldquo;IFRS 9 &ndash; Financial Instruments&rdquo; issued
by the IASB, applying to the individual statements of financial institutions operating in Brazil.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On October 20, 2023, the CVM issued
Resolution No. 193, which came into effect on November 1, 2023 and establishes that publicly listed companies in Brazil (such as us),
investment funds and securitization companies must prepare and disclose, subject to certain requirements, financial information reports
related to sustainability and climate in accordance with international standards (IFRS S1 and IFRS S2) issued by the International Sustainability
Standards Board, or ISSB. The compliance with such standards will become mandatory as of the fiscal years beginning on January 1, 2026.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>New Regulatory Regime Applicable to Credit Derivatives</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 20, 2023, the National Monetary
Council, or CMN, issued Resolution No. 5,070, which entered into effect on June 1, 2023 and overhauled the rules governing the performance
of credit derivative operations by financial institutions and other institutions authorized to operate by the Central Bank. The regulation
considers two types of credit derivative: the credit default swap, or CDS, and the total return swap, or TRS. Among other matters, the
regulation adjusts certain terms in line with the standards proposed by the International Swaps and Derivatives Association, or ISDA;
updates the list of institutions able to act as a counterparty receiving credit risk in transactions carried out with financial institutions;
enables the possibility to specify credit indices, asset indices, baskets or reference portfolios as reference entities and obligations
of the credit derivatives; permits the performance of credit derivatives with financial flows denominated or referenced in currency or
price indices other than those denominating or indexing the reference obligation; permits for credit derivatives to have reference obligations
of lower liquidity, as long as their pricing methodology complies with the rules contained in the regulatory framework applicable to derivatives;
the expansion of the list of institutions able to act as suppliers of quoted values for the reference obligations, including regulatory
or self-regulatory entities and international trading platforms; and the flexibilization of the requirement for maintaining ownership
of the reference obligation by the counterparty transferring the risk, which will now be mandatory only in cases where the reference obligation
is one or more credit or leasing transactions.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Fraud Prevention</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The CMN and the Central Bank issued
the Joint Resolution No. 6 and Resolution No. 343, which establish the obligation for financial institutions and other entities authorized
by the Central Bank to share among each other information about frauds occurred within the National Financial System (<I>Sistema Financeiro
Nacional</I>, or SFN), and Brazilian Payment System (<I>Sistema de Pagamentos Brasileiro</I>, or SPB), subject to the client&rsquo;s prior
contractual consent. The rule aims at reducing the asymmetry of data and information faced by these institutions to support procedures
and controls in their fraud prevention processes, as well as improve their practices. Both resolutions entered into effect on November
1, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Changes to Risk Management Requirements</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On June 29, 2023, the CMN issued Resolution
No. 5,089, which amends prior regulation and introduces changes to risk management requirements applicable to financial institutions,
such as us. Previously, country and transfer risks were included in the definition of credit risk. Pursuant to the new rule, they will
now be considered autonomous risks. Under the new rule, country risk is defined as the possibility of losses associated or incurred due
to events related to foreign jurisdictions, which includes sovereign risk, in the case of exposure to the central government of a foreign
jurisdiction; and indirect country risk, in case of an event related to a foreign jurisdiction other than the one where the counterparty
or the issuer of the risk mitigating instrument is located, associated with the exposure assumed by the applicable financial conglomerate,
when the counterparty or the issuer may be significantly impacted by the respective event.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Transfer risk is now defined as the
possibility of occurrence of obstacles in the currency conversion of the funds required for the settlement of obligations towards the
financial conglomerate if these funds are held in a jurisdiction other than that where the respective settlement will take place.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The amendments introduced by Resolution
No. 5,089 entered into effect on January 1, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Limitations on Interest Rates Charged on Revolving
Credit Charged in Connection with The Financing of Credit Card and Other Post-Paid Instrument Invoices</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On October 3, 2023, the President
of Brazil sanctioned Law No. 14,690, which introduces limitations to the interest rates charged on revolving credit charged in connection
with the financing of credit card and other post-paid instrument invoices and ratifies the emergency program for renegotiation of debts
of individuals in default depending on the category the debtor is, which in turn depends on the size of the debtor&rsquo;s debt (<I>Desenrola
Brasil</I>).</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 21, 2023, the CMN and
Central Bank issued Resolution No. 5,112 and Resolution No. 365, respectively, providing that the interest and other financial fees charged
over the financing of the outstanding balance of credit card and other post-paid instrument invoices may not exceed the principal amount
of the financed debt. Furthermore, the new rules establish other measures to prevent debtor default and consumer over-indebtedness, including
requirements that should be added in the credit card bills and other post-paid instrument invoices, such as the adoption of financial
education measures; and rules related to the portability of credit transactions granted in the context of post-paid payment instrument
(such as credit cards) financings.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 5,112 entered into
force on its publication date (December 26, 2023), but the provisions on limitation on interest rates became applicable to all new financings
from January 3, 2024 on and portability rules will come into force on July 1, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><U>Other Recent Developments</U></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank establishes guidelines for acceptance
of Bank Credit Certificates as collateral for the issuance of Financial Liquidity Lines </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 3, 2023, the Central Bank
defined basic guidelines for the acceptance of Bank Credit Certificates (<I>C&eacute;dulas de Cr&eacute;dito Banc&aacute;rio</I>, or CCBs)
as eligible collateral in the context of the issuance of Financial Liquidity Lines (<I>Linhas Financeiras de Liquidez,</I> or LFL) by
the Central Bank, which aims at directing and coordinating the market for the developments necessary for effective operation as of the
first quarter of 2024. In summary, book-entry and notarial CCBs deposited in Central Depositaries of financial assets will be eligible
as collateral for LFLs.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The LFL were established by the Central
Bank in 2021, as a structural measure to improve its operational framework for the purposes of supplying liquidity to the National Financial
System, whether in response to market-wide dysfunctions or specific problems in some institutions. Currently, the only assets eligible
to be offered as collateral are debentures and commercial certificates. These changes are expected to be implemented in the first quarter
of 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank issues regulations on the registration
and centralized deposit of real estate receivables </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 28, 2023, the Central Bank
issued Resolution No. 308, which came into effect on May 2, 2023. Resolution No. 308 regulates the activities of registration and centralized
deposit of real estate receivables associated with real estate projects, and mainly enables, at the discretion of the market participants,
the use of the services provided by the registering entities and central depositaries and the structure of the systems managed by these
institutions to improve the management process of real estate receivables and the broader and more transparent access to the receivables
agendas by potential financiers, which could contribute to the access to better credit conditions for developers and subdivision owners.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>The Brazilian Federal Government empowers the Central
Bank to regulate virtual assets market </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On June 13, 2023, the Brazilian government
issued the Decree No. 11,563, which came into effect on June 20, 2023, and regulates the virtual assets market law (Law No. 14,478 of
December 21, 2022, or Law No. 14,478), and designates the Central Bank as the authority in charge of regulating and overseeing this market
within the scope of this law.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>New Brazilian transfer pricing legislation is published
</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On June 14, 2023, Law No. 14,596 was
issued and changed the transfer pricing legislation by regulating the convergence of the Brazilian model to standards applied by the Organization
for Economic Co-operation and Development, or OECD. Under the new law, the allocation of taxable profits in cross-border transactions
between related parties will start in accordance with international guidelines and the arm's length principle, departing from the fixed-margin
methodologies previously applied in Brazil. Several provisions of this law pend further regulation.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Law No. 14,596 entered into effect
on January 1, 2024. Taxpayers may opt to anticipate the effects of Law No. 14,596, pursuant to its section 45, a specific provision which
entered into effect on its publication date (June 15, 2023).</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank issues rule regulating prudential treatment
for exposures to receivables from public entities (precat&oacute;rios)</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Brazilian financial system&rsquo;s
current exposure to receivables from public entities (<I>precat&oacute;rios</I>) is less than 0.1% of its assets. Nevertheless, there
has been a recent trend towards an increase in these assets on the balance sheets of financial institutions. Given this context, the Central
Bank decided to regulate the prudential treatment of such exposures. On October 5, 2023, the Central Bank issued Resolution No. 346, which
establishes specific prudential treatment for financial institutions' exposure to receivables from public entities (<I>precat&oacute;rios</I>)
by recognizing the different risks involved in each stage of the legal proceeding that recognizes the receivables are due and payable,
as well as the difference between <I>precat&oacute;rios</I> and <I>pre-precat&oacute;rio</I> payments against the Federal Government and
those owed by states, the Federal District and municipalities. The resolution incorporates prior regulation that defines the procedures
for calculating the portion of RWA, relating to credit risk exposures subject to the calculation of the capital requirement using a standard
approach (RWA<SUB>CPAD</SUB>), and entered into effect on January 2, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Brazilian Congress issues Law reforming rules applicable
to the perfection and enforcement of in rem collateral </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On October 30, 2023, Bill of Law No.
4,188/2021, known as the Legal Framework for Guarantees, was sanctioned by the President of Brazil, resulting in the publication of Law
No. 14,711. The rule introduces important changes to the legal framework for collateral, and the result is expected to be greater legal
security, a reduction in the spread on secured loans and greater availability of credit to borrowers. Its principal aim is to tackle the
current problem of dead capital in the fiduciary sale of real estate &ndash; that is, the impossibility of the same property being used
as collateral more than once. Thus, Law No. 14,711 promotes the following changes to Brazilian civil law in order to resolve the issue:
(i) allowing a new fiduciary sale of the same property; (ii) the extension of the current guarantee to a new debt; and (iii) the introduction
of the collateral agent into the Brazilian legal system. The new law also introduces several improvements related to the perfection and
extrajudicial enforcement of collateral, including amendments and revocations of outdated laws, changes to collateral registration rules
etc.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>The Central Bank issues rule regarding the registration
of credit card receivables </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On October 30, the Central Bank issued
Resolution No. 349, which entered into effect on November 3, 2023, establishes the need for registration of receivables arising from transactions
within the scope of payment schemes based on postpaid accounts (i.e., credit cards and other postpaid payment instruments) that are part
of the Brazilian payment system. This rule improves measures adopted by prior rule that already aimed the time effectiveness for merchants
to terminate prepayment of receivables agreements with acquirers. Merchant acquiring payment institutions (such as our subsidiary, Redecard
Institui&ccedil;&atilde;o de Pagamento S.A.) and registration entities have until April 1, 2024 to comply with these new obligations.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/106% Itau Display,sans-serif; margin: 0 0 8pt; text-align: justify"><B><I>Central Bank digital currency, the &ldquo;Real
Digital,&rdquo; or DREX </I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Currently, the Central Bank is holding
a pilot project with respect to the creation of a national digital currency, called DREX. There are several rules governing the pilot
project, such as Vote No. 31/2023, issued on March 6, 2023, pursuant to which the Central Bank reviewed the guidelines applicable to the
DREX involving, among other matters (i) that tokenized assets will follow their respective regulatory regimes, so as not to generate asymmetry
between the current and tokenized forms of these assets; (ii) the emphasis on the design of a distributed ledger technology, or DLT, that
enables the registration of assets of various natures and the incorporation of technologies with smart contracts and programmable currency;
and (iii) total adherence to the regulations concerning secrecy, data protection, and anti-money laundering.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, on April 27, 2023, the
Central Bank issued Resolution No. 315, which establishes formal rules applicable to the pilot project of the &ldquo;Real Digital&rdquo;
and institutes the Executive Management Committee of the &ldquo;Real Digital&rdquo; platform.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 315 provides that a
select group of financial institutions subject to Central Bank supervision and that necessarily have the capacity to test, based on their
corresponding business model, transactions involving the issuance, redemption or transfer of financial assets, as well as executing the
simulation of financial flows resulting from trading events, when applicable to financial assets subject to the test, would be allowed
to participate in the pilot project. On May 24, 2023, the regulator disclosed a list of 14 selected participants, which included us. The
Central Bank will begin incorporating participants into the Real Digital Pilot platform by mid-June 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 315 also establishes
that, during the conduction of the pilot project, a forum will be created for the exchange of information and adequate orientation of
the expectations in relation to the development of the &ldquo;Real Digital&rdquo; platform and the proposed tests.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Brazil's consumption tax reform is enacted</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 20, 2023, the approved
tax reform was converted into Constitutional Amendment No. 132, effective as of December 21, 2023, and the new taxes being implemented
in 2026. The tax reform provides for the replacement of 5 taxes by two new value-added taxes, the Tax on Goods and Services (<I>Imposto
sobre Bens e Servi&ccedil;os</I>, or IBS) and the Contribution on Goods and Services (<I>Contribui&ccedil;&atilde;o sobre Bens e Servi&ccedil;os</I>,
or CBS) within a 7-year transition period. The current taxes on consumption that will be replaced by the IBS and CBS include (i) tax on
distribution of goods and services (<I>Imposto sobre Circula&ccedil;&atilde;o de Mercadorias e Servi&ccedil;os</I>, or ICMS); (ii) tax
on services (<I>Imposto sobre Servi&ccedil;os</I>, or ISS); (iii) tax on manufactured products (<I>Imposto sobre Produtos Industrializados</I>,
or IPI); (iv) the Profit Participation Program Contribution (<I>Programa de Integra&ccedil;&atilde;o Social,</I> or PIS), and Social Security
Financing Contribution (<I>Contribui&ccedil;&atilde;o para o Financiamento da Seguridade Social</I>, or COFINS). The approved text of
the tax reform also provides authorization for the Brazilian government to introduce a selective tax on goods and services that are harmful
to health and/or the environment.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>The Brazilian Federal Government provides changes
to taxation over applications and offshore entities</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Law No. 14,754, sanctioned by the
President of Brazil on December 12, 2023, introduces changes to taxation rules concerning offshore entities and certain investments held
by Brazilian residents abroad. Notable modifications include automatic taxation of offshore profits at a 15% annual rate starting December
31 of each year, with profits assessed until December 31, 2023, taxed only upon distribution to Brazilian tax residents. The law also
offers a transparent structure allowing individuals to declare assets directly or indirectly owned. Additionally, it imposes taxation
on income earned from January 1, 2024 onwards, based on the applicable regime for each asset, and permits cost updating for assets held
abroad to reflect their market value as of December 31, 2023. The law came into effect upon its publication on December 13, 2023, with
certain provisions applying from January 1, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>The Central Bank and the CMN issues rule about financial
education measures to be adopted by financial institutions</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 26, 2023, the CMN and
the Central Bank published Joint Resolution No. 8 (Resolution 8/2023), which requires the institutions authorized to operate by the Central
Bank to adopt financial literacy measures designed for their clients and natural person users, including individual entrepreneurs, by
means of the publication of a financial literacy policy the provision of financial literacy content and tools in an appropriate language,
channel, and timing in order to suit them to the characteristics and needs of clients and users. This rule will enter into effect on July
1, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Changes to rules applicable to agribusiness receivables
certificates, real estate receivables certificates and other incentivized instruments</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On February 1, 2024, the CMN issued
Resolution No. 5,118 and Resolution No. 5,119, introducing changes to the collateral eligibility and maturity periods for agribusiness
receivables certificates, or CRAs, real estate receivables certificates, or CRIs, agribusiness credit letters, or LCAs, real estate credit
letters, or LCIs, and guaranteed real estate letters, or LIGs. Resolution No. 5,118 restricts CRIs and CRAs from being backed by debt
securities of publicly held companies, financial institutions (such as us) or related parties unless the primary business of the underlying
debtor aligns with real estate or agribusiness. The changes come into effect immediately for new issuances, but do not affect existing
contracts. Resolution No. 5,119 prohibits LCAs from funding rural credit with federal subsidies, gradually limits certain credit instruments
from being used as collateral until July 1, 2025, extends the minimum maturity for LCAs to nine months, and aligns LCIs and LIGs with
real estate credit types, extending their minimum maturity to twelve months. The resolutions took effect on February 2, 2024, except for
the prohibition on using LCA proceeds for rural credit with federal subsidies, which will come into force on July 1, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0pt 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt">Date: February 21, 2024</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-indent: 3.5in"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in">By: <U>/s/ Milton Maluhy Filho<BR>
</U>Name: Milton Maluhy Filho<BR>
Title: Chief Executive Officer</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in">By<U>: /s/ Alexsandro Broedel<BR>
</U>Name: Alexsandro Broedel<BR>
Title: Chief Financial Officer</P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt">&#9;FINANCIAL STATEMENTS&#9;</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0 0 12pt; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B></B></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 3.45pt 0 0 42.15pt; color: #ED1834"><FONT STYLE="letter-spacing: -0.1pt">www.pwc.com.br</FONT></P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 0 0 42.15pt">(A free translation of the original in <FONT STYLE="letter-spacing: -0.1pt">Portuguese)</FONT></P>

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<P STYLE="font: italic bold 27pt Georgia, Times, Serif; margin: 0.1pt 140.8pt 0 53.8pt; color: #ED1834">Ita&uacute; Unibanco Holding S.A.</P>

<P STYLE="font: 15pt Georgia, Times, Serif; margin: 0.05pt 140.8pt 0 53.8pt; color: #ED1834"><B><I>Consolidated financial statements at
December 31, 2023</I></B></P>

<P STYLE="font: 15pt Georgia, Times, Serif; margin: 0 0 0 53.8pt; color: #ED1834"><B><I>and independent auditor's <FONT STYLE="letter-spacing: -0.1pt">report</FONT></I></B></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0.15pt 0 0"><IMG SRC="image_019.jpg" ALT="" STYLE="height: 57.6pt; width: 75.95pt"></P>


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<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15pt Georgia, Times, Serif; margin: 11.3pt 0 0 49.25pt; color: #ED1834"><B><I>Independent auditor's <FONT STYLE="letter-spacing: -0.1pt">report</FONT></I></B></P>

<P STYLE="font: 20pt Georgia, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 255.35pt 0 49.25pt">To the Board of Directors and Stockholders Ita&uacute; Unibanco
Holding S.A.</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Georgia, Times, Serif; margin: 7.95pt 0 0 49.25pt">&nbsp;</P>

<P STYLE="margin: 0; color: #ED1834"><FONT STYLE="letter-spacing: -0.1pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Red 1pt solid; width: 5%"><FONT STYLE="color: Red">Opinion</FONT></TD>
  <TD STYLE="border-bottom: Red 1pt solid; width: 95%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;<P STYLE="font: 10pt Georgia, Times, Serif; text-align: left; margin-top: 4.95pt; margin-right: 13.4pt; margin-bottom: 0">We have audited the accompanying consolidated financial statements
of Ita&uacute; Unibanco Holding S.A. (&quot;Bank&quot;) and its subsidiaries, which comprise the consolidated balance sheet as at December
31, 2023 and the consolidated statements of income, comprehensive income, changes in stockholders' equity and cash flows for the year
then ended, and notes to the financial statements, including material accounting policies and other explanatory information.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; text-align: left; margin-top: 0; margin-right: 14.15pt; margin-bottom: 0">In our opinion, the consolidated financial statements referred
to above present fairly, in all material respects, the consolidated financial position of the Bank and its subsidiaries as at December
31, 2023, the consolidated financial performance and the consolidated cash flows for the year then ended, in accordance with the International
Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) (currently described as &quot;IFRS
Accounting Standards&quot; by the IFRS Foundation).</P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0; color: #ED1834"></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.45pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9.5pt Georgia, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2" STYLE="border-bottom: Red 1pt solid"><FONT STYLE="color: Red">Basis for <FONT STYLE="letter-spacing: -0.1pt">opinion</FONT></FONT></TD>
  </TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="width: 95%">We conducted our audit in accordance with Brazilian and International
Standards on Auditing. Our responsibilities under those standards are further described in the &quot;Auditor's responsibilities for the
audit of the Consolidated Financial Statements&quot; section of our report. We are independent of the Bank and its subsidiaries in accordance
with the ethical requirements established in the Code of Professional Ethics and Professional Standards issued by the Brazilian Federal
Accounting Council, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.</TD>
  </TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  </TR>
</TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.45pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9.5pt Georgia, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="3" STYLE="border-bottom: Red 1pt solid; color: Red">Key Audit <FONT STYLE="letter-spacing: -0.1pt">Matters</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 4%">&nbsp;</TD>
  <TD STYLE="width: 87%">&nbsp;<P>Key
Audit Matters are those matters that, in our professional judgment, were of most significance in our 2023 year audit. These matters were
addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we
do not provide a separate opinion on these <FONT STYLE="letter-spacing: -0.1pt">matters.</FONT></P>

</TD>
    <TD STYLE="text-align: center; width: 9%"><IMG SRC="image_032.jpg" ALT="" STYLE="width: 132px; height: 216px">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>



<P STYLE="margin: 0; color: #ED1834"></P>

<P STYLE="font: 5.5pt Georgia, Times, Serif; margin: 0.25pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 140.8pt 0 49.25pt"></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/96% Georgia, Times, Serif; margin: 5.25pt 13.4pt 0 49.25pt"><IMG SRC="image_002.gif" ALT="" STYLE="height: 1px; width: 5px"><FONT STYLE="font-size: 9pt">PricewaterhouseCoopers
Auditores Independentes Ltda., Avenida Brigadeiro Faria Lima, 3732, Edif&iacute;cio B32, 16</FONT><FONT STYLE="font-size: 6pt">o</FONT>
<FONT STYLE="font-size: 9pt">S&atilde;o Paulo, SP, Brasil, 04538-132</FONT></P>

<P STYLE="font: 9pt/10.2pt Georgia, Times, Serif; margin: 0 0 0 49.25pt">T: +55 (11) 4004-8000, <FONT STYLE="letter-spacing: -0.1pt">www.pwc.com.br</FONT></P>


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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0; color: #ED1834"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; padding-left: 50pt; color: #ED1834; width: 49%"><B>Why it is a Key Audit
  <FONT STYLE="letter-spacing: -0.1pt">Matter</FONT>&#9;</B></TD>
  <TD STYLE="width: 2%"><B>&nbsp;</B></TD>
  <TD STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; padding-left: 50pt; color: #ED1834; width: 49%"><B>How the matter was addressed
  in the <FONT STYLE="letter-spacing: -0.1pt">audit</FONT></B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; padding-left: 50pt; color: #ED1834"><B>Measurement of financial assets and
liabilities and provision for expected loss in accordance with IFRS 9 - Financial Instruments (Notes 2(c)IV, 2(c)IV.I, 2(c)IV.III, 4 to
10 and 28)</B></TD>
  <TD>&nbsp;</TD>
  <TD STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; color: #ED1834">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; padding-left: 50pt; color: #ED1834">&nbsp;<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 0 0 0pt"><FONT STYLE="color: Black">The
                                            provision for expected loss continued to be an area of focus in our audit, as it involves
                                            Management's judgment in determining the necessary provision through the application of methodology
                                            and processes which use certain assumptions, including, among others, prospective information,
                                            and criteria for determining a significant increase or decrease in credit risk.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.3pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 2.9pt 0 0pt"><FONT STYLE="color: Black">Furthermore, management regularly reviews
the judgments and estimates used in determining the Provision for Loan Losses.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.3pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 2.9pt 0 0pt"><FONT STYLE="color: Black">The financial instruments measured
at fair value include operations with low liquidity and/or no active market, which are substantially comprised of securities issued by
companies and by derivative contracts. The fair value measurement of these financial instruments involves subjectivity, since it depends
on valuation techniques performed based on internal models that include Management assumptions in their fair valuation.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.3pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 2.9pt 0 0pt"><FONT STYLE="color: Black">Furthermore, market risk management
is complex, especially in times of high volatility, as well as in situations where observable prices or market parameters are not available.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.35pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 2.9pt 0 0pt"><FONT STYLE="color: Black">These matters also continued to be
a focus of our 2023 year audit due to the relevance and subjectivity mentioned above.</FONT></P>

</TD>
  <TD>&nbsp;</TD>
  <TD STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; color: #ED1834"><P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 9pt 15.4pt 0 40pt; text-align: left"><FONT STYLE="color: Black">We
                                            confirmed our understanding of the process of measurement the provision for expected loss
                                            and of financial assets and liabilities in accordance with IFRS 9.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.3pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0.05pt 15.4pt 0 40pt; text-align: left"><FONT STYLE="color: Black">Regarding the provision for expected
loss methodology, we performed a number of audit procedures substantially related to the:</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 12.9pt 0 40pt"><FONT STYLE="color: Black">(i) analysis of management's accounting
policies in comparison with IFRS 9 requirements;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 13pt 0 40pt; text-align: left"><FONT STYLE="color: Black">(ii) testing of controls related to
the measurement of the provision for expected loss, which considers data, models and assumptions adopted by Management; (iii) tests on
the models, including their approval and validation of assumptions adopted to determine the estimated losses and recoveries. In addition,
we tested management's documentation of the guarantees, the credit renegotiations, the counterparty's risk assessment, the payment delays,
and other aspects that could result in a significant increase of the credit risk, as well as the classification of operations in their
proper stages, pursuant to IFRS 9; (iv) testing of data inputs to the models and, where available, comparing certain data and assumptions
with market information; and (v) analysis over Management's disclosures in the financial statements in order to comply with IFRS 7 -
Financial Instruments: Disclosures and IFRS 9.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.5pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0 15.4pt 0 40pt; text-align: left"><FONT STYLE="color: Black">We consider that the criteria and
assumptions adopted by management in determining and recording the provision for expected loss are appropriate and consistent, in all
material respects, in the context of the consolidated financial statements.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0.05pt 9.85pt 0 40pt; text-align: left"><FONT STYLE="color: Black">Regarding the measurement of
financial assets and financial liabilities, we applied the following main audit procedures: i) analysis of Management's accounting policies
in comparison with IFRS 9 requirements; ii) update our understanding of the valuation methodology used for these financial instruments
and the main assumptions used by Management, as well as comparing them with independent methodologies and assumptions. We performed,
on a sample</FONT></P>
&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0; color: #ED1834"></P>

<P STYLE="margin: 0; color: #ED1834"></P>

<P STYLE="font: 5pt Georgia, Times, Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 2.9pt 0 52.1pt; color: #ED1834"></P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 9pt 15.4pt 0 4pt"></P>



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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/1pt Georgia, Times, Serif; margin: 0 0 0 49.25pt"><FONT STYLE="font-size: 1pt"></FONT></P>

<P STYLE="font: bold 10pt Georgia, Times, Serif; margin: 1.2pt 0 0 52.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Georgia, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Black 1pt solid; padding-left: 50pt; width: 49%"><FONT STYLE="color: Red"><B>Why it is a Key Audit <FONT STYLE="letter-spacing: -0.1pt">Matter</FONT></B></FONT></TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 2%"><FONT STYLE="color: Red"><B>&nbsp;</B></FONT></TD>
  <TD STYLE="border-bottom: Black 1pt solid; padding-left: 40pt; width: 49%"><FONT STYLE="color: Red"><B>How the matter was addressed in the <FONT STYLE="letter-spacing: -0.1pt">audit</FONT></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 5.25pt 13.4pt 0 40pt; text-align: left">basis, the recalculation of the valuation of certain
operations and analyzed the consistency of such methodologies with those applied in prior <FONT STYLE="letter-spacing: -0.1pt">periods.</FONT></P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/96% Georgia, Times, Serif; margin: 0.05pt 11.45pt 0 40pt; text-align: left">We believe that the criteria and assumptions adopted
by Management to measure the fair value of these financial instruments are appropriate and consistent with the disclosures in the accompanying
notes to the Financial Statements.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: bold 10pt Georgia, Times, Serif; margin: 5pt 0 0 52.1pt; padding-left: 50pt; color: #ED1834">Information technology <FONT STYLE="letter-spacing: -0.1pt">environment</FONT></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 0.1pt 0 40pt; text-align: left">The Bank and its subsidiaries rely on their technology structure
to process their operations and prepare their financial statements.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 0.1pt 0 40pt; text-align: left">Technology represents a fundamental aspect on the evolution of the
Bank and its subsidiaries' business, and over the last years, significant short and long-term investments have been made in the information
technology systems and processes.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 0.1pt 0 40pt; text-align: left">The technology structure is comprised of more than one environment
with different processes and segregated controls. Additionally, a substantial part of the Bank and its subsidiaries' teams are performing
their activities partially remotely (home office), considering the technology processes and infrastructure to maintain the continuity
of operations.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 0.1pt 0 40pt; text-align: left">The lack of adequacy of the general controls of the technology environment
and of the controls that depend on technology systems may result in the incorrect processing of critical information used to prepare the
financial statements, as well as risks related to information security and cybersecurity. Accordingly, this continued as an area of focus
in our audit.</P>

</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 8.25pt 0 40pt">As part of our audit procedures, with the support of our specialists,
we assessed the information technology environment, including the automated controls of the application systems that are significant for
the preparation of the financial <FONT STYLE="letter-spacing: -0.1pt">statements.</FONT></P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 9.85pt 0 40pt">The procedures performed comprised the combination of relevant tests
of design and effectiveness of controls as well as the performance of tests related to the information security, including the access
management control, change management and monitoring the operating capacity of technology infrastructure.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 11.35pt 0 40pt">The audit procedures applied resulted in appropriate evidence that
was considered in determining the nature, timing, and extent of other audit procedures.</P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: bold 10pt Georgia, Times, Serif; margin: 4.95pt 255.35pt 0 52.1pt; padding-left: 40pt; color: #ED1834">Provisions and contingent liabilities
(Notes 2(c)XII and 29)</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: bold 10pt Georgia, Times, Serif; margin: 4.95pt 255.35pt 0 52.1pt; padding-left: 40pt; color: #ED1834">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: bold 10pt Georgia, Times, Serif; margin: 4.95pt 255.35pt 0 52.1pt; padding-left: 40pt; color: #ED1834">&nbsp;<P STYLE="color: Black; font: 5.5pt Georgia, Times, Serif; margin: 0.15pt 0 0"><B></B></P>

<P STYLE="color: Black; font: 10pt Georgia, Times, Serif; margin-top: 4.95pt; margin-right: 0.1pt; margin-bottom: 0; text-align: left">The Bank and its subsidiaries have provisions and contingent liabilities
mainly arising from judicial and administrative proceedings, inherent to the normal course of their business, filed by third parties,
former employees, and public agencies, involving civil, labor, tax, and social security <FONT STYLE="letter-spacing: -0.1pt">matters.</FONT></P>

</TD>
  <TD>&nbsp;</TD>
  <TD STYLE="font: 10pt Georgia, Times, Serif; color: Black; margin-top: 4.95pt; margin-right: 0.1pt; margin-bottom: 0; text-align: left"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                                                                <P STYLE="margin-left: 40pt; margin-top: 0; margin-bottom: 0">We confirmed our understanding and tested the design and the effectiveness of the main controls used to identify, assess, monitor, measure, record, and disclose the provision and contingent liabilities, including the totality and the integrity of the database.</P></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: bold 10pt Georgia, Times, Serif; margin: 4.95pt 255.35pt 0 52.1pt; padding-left: 40pt; color: #ED1834">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Georgia, Times, Serif; margin: 1.2pt 0 0 52.1pt"></P>

<P STYLE="margin: 0; color: #ED1834">&nbsp;</P>

<P STYLE="margin: 0; color: #ED1834"></P>



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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9.5pt Georgia, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Black 1pt solid; margin: 0; padding-left: 40pt; color: #ED1834; width: 49%"><B>Why it is a Key Audit <FONT STYLE="letter-spacing: -0.1pt">Msatter</FONT></B></TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 2%"><B>&nbsp;</B></TD>
  <TD STYLE="border-bottom: Black 1pt solid; margin: 0; padding-left: 50pt; color: #ED1834; width: 49%"><B>How the matter was addressed in the <FONT STYLE="letter-spacing: -0.1pt">audit</FONT></B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 0 0 40pt; text-align: left">In general, the
            settlement of these proceedings takes a long time and involve not only discussions on the matter itself, but also complex
            process-related aspects, depending on the applicable legislation.</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 0.05pt 0 40pt; text-align: left">Besides the subjective aspects in determining the possibility of
loss attributed to each case, the evolution of case law on certain causes is not always uniform. Considering the materiality of the amounts
and the uncertainties and judgments involved, as described above, in determining, recording, and disclosing the provision and contingent
liabilities required items, we continue to consider this an area of audit focus.</P>

</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;<P STYLE="font: 10pt Georgia, Times, Serif; margin: 4.95pt 11.45pt 0 60pt; text-align: left">We tested the models used to quantify judicial proceedings
of civil and labor natures considered on a group basis. In our tests to assess the risk of individual legal proceedings, for a sample
of items, we were supported by our specialists in the labor, legal, and fiscal areas, according to the nature of each proceeding.</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0 11.45pt 0 60pt; text-align: left">Also, in a sample basis, we performed external confirmation procedures
with both internal and external lawyers responsible for the <FONT STYLE="letter-spacing: -0.1pt">proceedings.</FONT></P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0.05pt 11.45pt 0 60pt; text-align: left">We considered that the criteria and assumptions adopted by
Management for determining the provision, as well as the information disclosed in the explanatory notes are appropriate.</P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="3" STYLE="border-bottom: Red 1pt solid; margin: 0; padding-left: 40pt; color: #ED1834">Responsibilities of management and those charged with governance for the consolidated financial statements</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="3">&nbsp;<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 9.75pt 13.4pt 0 40pt; text-align: left">Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB) (currently described as &quot;IFRS Accounting Standards&quot; by the IFRS Foundation), and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 9.65pt 2.8pt 0 40pt; text-align: left">In preparing the consolidated financial statements, management is responsible for assessing the ability of the Bank and its subsidiaries, as a whole, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank and its subsidiaries, as a whole, or to cease operations, or has no realistic alternative but to do so.</P>

<P STYLE="font: 10pt Georgia, Times, Serif; margin: 9.3pt 0 0 40pt; text-align: left">Those charged with governance are responsible for overseeing the Bank's financial reporting <FONT STYLE="letter-spacing: -0.1pt">process.</FONT></P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="3" STYLE="border-bottom: Red 1pt solid; margin: 0; padding-left: 40pt; text-align: left; color: #ED1834">Auditor's responsibilities for the audit of the consolidated financial <FONT STYLE="letter-spacing: -0.1pt">statements</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="3">&nbsp;<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 9.65pt 9.6pt 0 40pt; text-align: left">Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Brazilian and International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 9.75pt 0 0 40pt; text-align: left">As part of an audit in accordance with Brazilian and International Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:</P>
<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 9.75pt 0 0 40pt; text-align: left">&nbsp;</P>

</TD></TR>
</TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.5pt 0 0"></P>

<P STYLE="margin: 0; color: #ED1834">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/95% Georgia, Times, Serif; margin-top: 9.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.2pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt; color: #ED1834">&#8226;</FONT></TD><TD STYLE="padding-right: 14.3pt"><FONT STYLE="font-size: 10pt">Identify and assess the risks of material misstatement of the consolidated
financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence
that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations,
or the override of internal control.</FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/95% Georgia, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.2pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt; color: #ED1834">&#8226;</FONT></TD><TD STYLE="padding-right: 32.6pt"><FONT STYLE="font-size: 10pt">Obtain an understanding of internal control relevant to the audit in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the internal control of the Bank and its subsidiaries.</FONT></TD></TR></TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/95% Georgia, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.2pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt; color: #ED1834">&#8226;</FONT></TD><TD STYLE="padding-right: 29.85pt"><FONT STYLE="font-size: 10pt">Evaluate the appropriateness of accounting policies used and the reasonableness
of accounting estimates and related disclosures made by management.</FONT></TD></TR></TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/95% Georgia, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.2pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt; color: #ED1834">&#8226;</FONT></TD><TD STYLE="padding-right: 14.15pt"><FONT STYLE="font-size: 10pt">Conclude on the appropriateness of management's use of the going concern
basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that
may cast significant doubt on the ability of the Bank and its subsidiaries, as a whole, to continue as a going concern. If we conclude
that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the Bank and its subsidiaries, as a whole, to cease
to continue as a going concern.</FONT></TD></TR></TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/95% Georgia, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.2pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt; color: #ED1834">&#8226;</FONT></TD><TD STYLE="padding-right: 17.65pt"><FONT STYLE="font-size: 10pt">Evaluate the overall presentation, structure, and content of the consolidated
financial statements, including the disclosures, and whether these financial statements represent the underlying transactions and events
in a manner that achieves fair presentation.</FONT></TD></TR></TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/95% Georgia, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.2pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 10pt; color: #ED1834">&#8226;</FONT></TD><TD STYLE="padding-right: 9.5pt"><FONT STYLE="font-size: 10pt">Obtain sufficient appropriate audit evidence regarding the financial information
of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible
for the direction, supervision, and performance of the group audit. We remain solely responsible for our audit opinion.</FONT></TD></TR></TABLE>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 22.4pt 0 49.25pt; text-align: justify">We communicate with those charged with
governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.</P>

<P STYLE="font: 9.5pt Georgia, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 13.4pt 0 49.25pt">We also provide those charged with governance with a statement
that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other
matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats to our independence
or safeguards applied.</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt">From the matters communicated with those charged with governance,
we determine those matters that were of most significance in the audit of the financial statements of the year ended December 31, 2023
and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure
about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because
the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</P>

<P STYLE="font: 9pt Georgia, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt">S&atilde;o
Paulo, February 5, <FONT STYLE="letter-spacing: -0.2pt">2024</FONT></P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt"><IMG SRC="image_033.jpg" ALT=""><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15.5pt Georgia, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt"><FONT STYLE="letter-spacing: -0.1pt">PricewaterhouseCoopers<br>
</FONT>Auditores Independentes Ltda.<br> CRC 2SP000160/O-5</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15.5pt Georgia, Times, Serif; margin: 0.5pt 0 0 40pt">&nbsp;<IMG SRC="image_034.jpg" ALT=""></P>

<P STYLE="font: 10pt/95% Georgia, Times, Serif; margin: 0 10.45pt 0 49.25pt">Emerson Laerte da Silva<br> Contador CRC 1SP171089/O-3</P>



<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 58%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Balance Sheet</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Assets</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid">Cash</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">32,001</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,381</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,384,618</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,170,219</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Amortized Cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,686,225</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,578,789</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Compulsory deposits with the Central Bank of Brazil</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">145,404</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">115,748</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank deposits</TD>
    <TD STYLE="text-align: center">4</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">51,007</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">59,592</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: center">4</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">238,321</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">221,779</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities</TD>
    <TD STYLE="text-align: center">9</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">260,743</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">213,026</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loan and lease operations</TD>
    <TD STYLE="text-align: center">10</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">910,590</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">909,422</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">127,699</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">109,909</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(-) Provision for expected loss</TD>
    <TD STYLE="text-align: center">4, 9, 10</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(47,539)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(50,687)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Other Comprehensive Income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">130,039</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">126,748</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities</TD>
    <TD STYLE="text-align: center">8</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">130,039</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">126,748</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">568,354</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">464,682</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities</TD>
    <TD STYLE="text-align: center">5</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">511,752</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">385,099</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="text-align: center">6, 7</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">55,251</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">78,208</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,351</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">141</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">64,521</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,645</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - current</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">993</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,647</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - deferred</TD>
    <TD STYLE="text-align: center">24b I</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">53,691</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">51,634</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,837</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,364</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other assets</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">20,027</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,474</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Investments in associates and joint ventures</TD>
    <TD STYLE="text-align: center">11</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,293</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,443</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Fixed assets, net</TD>
    <TD STYLE="text-align: center">13</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,135</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,767</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top-color: #B7B7B7; border-top-width: 0.5pt">Goodwill and Intangible assets, net</TD>
    <TD STYLE="text-align: center">14</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23,364</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23,114</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total assets</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,543,100</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,321,066</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 61%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Balance Sheet</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Liabilities and stockholders' equity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Financial Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,001,691</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,836,690</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Amortized Cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,944,162</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,755,498</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deposits</TD>
    <TD STYLE="text-align: center">15</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">951,352</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">871,438</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: center">17a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">362,786</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">293,440</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank market funds</TD>
    <TD STYLE="text-align: center">17b</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">328,645</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">294,587</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Institutional market funds</TD>
    <TD STYLE="text-align: center">17c</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">119,591</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">129,382</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">181,788</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">166,651</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">53,331</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">77,508</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="text-align: center">6, 7</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">52,475</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">76,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Structured notes</TD>
    <TD STYLE="text-align: center">16</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">296</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">64</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">560</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">583</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provision for Expected Loss</TD>
    <TD STYLE="font-weight: bold; text-align: center">10</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,198</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,684</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loan commitments</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,311</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,874</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial guarantees</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">887</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">810</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">271,546</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">233,126</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provisions</TD>
    <TD STYLE="text-align: center">29</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19,744</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19,475</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: center">24c</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,202</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,773</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - current</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,970</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,950</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - deferred</TD>
    <TD STYLE="text-align: center">24b II</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">560</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">345</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,672</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,478</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41,867</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">47,895</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total liabilities</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,344,050</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,143,959</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total stockholders&rsquo; equity attributed to the owners of the parent company</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">190,177</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,717</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Capital</TD>
    <TD STYLE="text-align: center">19a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">90,729</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">90,729</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Treasury shares</TD>
    <TD STYLE="text-align: center">19a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(11)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(71)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Capital reserves</TD>
    <TD STYLE="text-align: center">19c</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,620</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,480</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Revenue reserves</TD>
    <TD STYLE="text-align: center">19c</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">104,465</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">86,209</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other comprehensive income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,626)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(11,630)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Non-controlling interests</TD>
    <TD STYLE="font-weight: bold; text-align: center">19d</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,873</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,390</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total stockholders&rsquo; equity</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">199,050</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">177,107</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total liabilities and stockholders' equity</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,543,100</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,321,066</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 63%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Statement of Income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais, except for number of shares and earnings per share information)</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: right">01/01 to 12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: left">(*)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Operating Revenues</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">154,971</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">142,279</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">126,374</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest and similar income</TD>
    <TD STYLE="text-align: center">21a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">222,385</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">189,165</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">129,253</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest and similar expenses</TD>
    <TD STYLE="text-align: center">21b</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(158,250)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(116,747)</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(69,305)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income of Financial Assets and Liabilities at Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: center">21c</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">29,145</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,325</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16,678</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Foreign exchange results and exchange variations in foreign transactions</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,432</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,280</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,417)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Commissions and Banking Fees</TD>
    <TD STYLE="text-align: center">22</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">45,731</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">44,566</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">42,324</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Income from Insurance Contracts and Private Pension</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,613</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,407</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right">5,354</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Operating Income from Insurance Contracts and Private Pension, net of Reinsurance</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,132</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,328</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Financial Income from Insurance Contracts and Private Pension, net of Reinsurance</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(28,585)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(21,873)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Income from Financial Assets related to Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">29,066</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21,952</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Revenues from insurance premiums and private pensions</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">15,023</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Change in provision for insurance and private pension</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,669)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Other income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,915</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,283</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,487</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Expected Loss from Financial Assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(30,445)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(27,737)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Expected Loss from Financial Assets and Claims</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(14,379)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expected Loss with Loan and Lease Operations</TD>
    <TD STYLE="text-align: center">10c</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(31,563)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(28,150)</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(14,001)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expected Loss with Other Financial Asset, net</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,118</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">413</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,222</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">(Expenses) / Recovery of claims</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,600)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Operating Revenues Net of Expected Losses from Financial Assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">124,526</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">114,542</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Operating Revenues Net of Expected Losses from Financial Assets and Claims</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">111,995</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other operating income / (expenses)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(84,826)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(77,848)</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(69,764)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">General and administrative expenses</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(75,759)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(68,930)</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(62,549)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax expenses</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,987)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,590)</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(8,379)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: center">11</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">920</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">672</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,164</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income / (loss) before income tax and social contribution</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">39,700</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">36,694</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">42,231</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Current income tax and social contribution</TD>
    <TD STYLE="text-align: center">24a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(8,685)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,595)</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,661)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deferred income tax and social contribution</TD>
    <TD STYLE="text-align: center">24a</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,862</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">143</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,186)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income / (loss)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,877</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">30,242</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">28,384</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income attributable to owners of the parent company</TD>
    <TD STYLE="text-align: center">25</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">33,105</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">29,207</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">26,760</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income / (loss) attributable to non-controlling interests</TD>
    <TD STYLE="text-align: center">19d</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">772</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,035</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,624</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: #B7B7B7 0.5pt solid; border-bottom: #B7B7B7 0.5pt solid; width: 63%">Earnings per share - basic</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 7%">25</TD>
    <TD STYLE="color: white; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="color: white; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="color: white; text-align: right; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3.38</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.98</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.74</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3.38</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.98</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.74</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Earnings per share - diluted</TD>
    <TD STYLE="font-weight: bold; text-align: center">25</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3.36</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.96</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.72</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3.36</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.96</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2.72</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Weighted average number of outstanding shares - basic</TD>
    <TD STYLE="font-weight: bold; text-align: center">25</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,958,290,359</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,958,290,359</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,958,290,359</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,840,883,862</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,840,703,872</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,818,741,579</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Weighted average number of outstanding shares - diluted</TD>
    <TD STYLE="font-weight: bold; text-align: center">25</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,958,290,359</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,958,290,359</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,958,290,359</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,908,283,361</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,900,469,300</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,873,042,114</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: left">(*) Information prepared in conformity with IFRS 4 - Insurance Contracts.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 60%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Statement of Comprehensive Income</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Net income / (loss)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,877</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">30,242</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">28,384</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,681</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,442)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,248)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,443</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,659)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,611)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,105)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,373</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,320</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Gains) / losses transferred to income statement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">624</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,534</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,086</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(281)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(690)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,043)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Hedge</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">684</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">699</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash flow hedge</TD>
    <TD STYLE="font-weight: bold; text-align: center">7</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">236</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">65</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">549</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">457</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">162</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">998</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(221)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(97)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(449)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Hedge of net investment in foreign operation</TD>
    <TD STYLE="font-weight: bold; text-align: center">7</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">448</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(99)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">150</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">848</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(148)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">194</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(400)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">49</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(44)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(710)</TD>
    <TD STYLE="font-weight: bold; text-align: right">796</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Change in discount rate</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,192)</TD>
    <TD STYLE="text-align: right">1,349</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">482</TD>
    <TD STYLE="text-align: right">(553)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements of liabilities for post-employment benefits <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(324)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">45</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Remeasurements</TD>
    <TD STYLE="text-align: center">26</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(584)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(65)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">74</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">260</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">31</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(29)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Foreign exchange variation in foreign investments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(327)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,026)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(323)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,004</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5,740)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,827)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">37,881</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">24,502</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">25,557</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Comprehensive income attributable to the owners of the parent company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">37,109</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,467</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,933</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; font-weight: bold; vertical-align: top; border-bottom: black 1pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Comprehensive income attributable to non-controlling interests</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,035</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,624</FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 9pt; vertical-align: top">1) Amounts that will not be subsequently reclassified to income.</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="font-size: 9pt; vertical-align: top; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 7pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="16" STYLE="color: #EC7000; font-weight: bold"><FONT STYLE="font-size: 7pt">Ita&uacute; Unibanco Holding S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="16" STYLE="color: #003399; font-weight: bold"><FONT STYLE="font-size: 7pt">Consolidated Statement of Changes in Stockholders&rsquo;
    Equity</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="color: #003399; font-size: 9pt; font-style: italic"><FONT STYLE="font-size: 7pt">(In millions of reais)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Note</FONT></TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Attributed
    to owners of the parent company</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total
    stockholders&rsquo; equity &ndash; owners of the parent company</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total
    stockholders&rsquo; equity &ndash; non-controlling interests</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Capital</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Treasury
    shares</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Capital
    reserves</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Revenue
    reserves</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Retained
    earnings</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Other
    comprehensive income</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">Financial
    assets at fair value through other comprehensive income <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Insurance
    contracts and private pension</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Remeasurements of
    liabilities of post-employment benefits</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Conversion adjustments
    of foreign investments</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">Gains
    and losses &ndash;&nbsp;&nbsp;hedge <SUP>(2)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Total -</FONT> <FONT STYLE="font-size: 7pt">01/01/2021</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">97,148</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(907)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">2,326</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">47,347</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">848</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,531)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">6,854</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(9,092)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">142,993</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">11,532</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">154,525</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Transactions
    with owners</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">379</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">111</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">490</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,414)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(924)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Result
    of delivery of treasury shares</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">19, 20</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">379</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">193</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">572</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">572</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Recognition
    of share-based payment plans</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(82)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(82)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(82)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">(Increase)
    / Decrease to the owners of the parent company</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">2c I, 3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,414)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,414)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Partial
    spin-off</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(6,419)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(187)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(3,457)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">77</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(23)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">24</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(9,985)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(9,985)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Dividends</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,466)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,466)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(130)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,596)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Interest
    on capital</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(5,607)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(5,607)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(5,607)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Reversal
    of Dividends or Interest on capital - declared after previous period</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">166</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">166</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">166</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Unclaimed
    dividends and Interest on capital</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">102</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">102</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">102</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Corporate
    reorganization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">2c I, 3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,547</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,547</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,547</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">Other
    <SUP>(3)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">769</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">769</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">769</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Total
    comprehensive income</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">26,760</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(3,325)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">45</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(300)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">675</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">23,855</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">1,624</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">25,479</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Net
    income</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">26,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">26,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,624</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">28,384</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Other
    comprehensive income for the period</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(3,325)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">45</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(300)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">675</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,905)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,905)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Appropriations:</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Legal
    reserve</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,312</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,312)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Statutory
    reserve</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">18,477</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(18,477)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top-color: #CCCCCC; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Total -&nbsp;</FONT> <FONT STYLE="font-size: 7pt">12/31/2021</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">19</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(528)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">2,250</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">66,161</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(2,400)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,486)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">6,531</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(8,393)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">152,864</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">11,612</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">164,476</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">Change
    in the period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(6,419)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">379</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(76)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">18,814</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(3,248)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">45</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(323)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">699</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">9,871</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">80</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">9,951</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Total -&nbsp;</FONT> <FONT STYLE="font-size: 7pt">01/01/2022</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(528)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">2,250</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">65,985</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(2,542)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,486)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">6,531</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(8,393)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">152,546</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">11,612</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">164,158</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Transactions
    with owners</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">457</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">230</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">687</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(2,964)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(2,277)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Result
    of delivery of treasury shares</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">19, 20</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">457</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">64</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">521</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">521</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Recognition
    of share-based payment plans</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">166</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">166</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">166</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">(Increase)
    / Decrease to the owners of the parent company</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">2c I, 3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,964)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,964)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Dividends</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(293)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(293)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Interest
    on capital</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(9,844)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(9,844)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(9,844)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Unclaimed
    dividends and Interest on capital</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">119</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">119</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">119</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Corporate
    reorganization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">2c I, 3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">36</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">36</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">36</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">Other
    <SUP>(3)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">774</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">774</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">774</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Total
    comprehensive income</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">29,139</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(3,442)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">796</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(3,026)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">23,399</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">1,035</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">24,434</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Net
    income</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">29,207</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">29,207</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,035</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">30,242</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Other
    comprehensive income for the period</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(68)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(3,442)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">796</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(34)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(3,026)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(34)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(5,808)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(5,808)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Appropriations:</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Legal
    reserve</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,485</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,485)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Statutory
    reserve</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">17,929</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(17,929)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top-color: #CCCCCC; border-top-width: 0.5pt; width: 2%"><FONT STYLE="font-size: 7pt">Total -&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; border-top-color: #CCCCCC; border-top-width: 0.5pt; width: 28%"><FONT STYLE="font-size: 7pt">12/31/2022</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 5%"><FONT STYLE="font-size: 7pt">19</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(71)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">2,480</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">86,209</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(5,984)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">796</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,520)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">3,505</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(8,427)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">167,717</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">9,390</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">177,107</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">Change
    in the period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">457</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">230</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">20,224</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(3,442)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">796</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(3,026)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">15,171</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(2,222)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">12,949</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Total -&nbsp;</FONT> <FONT STYLE="font-size: 7pt">01/01/2023</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(71)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">2,480</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">86,209</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(5,984)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">796</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,520)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">3,505</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(8,427)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">167,717</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">9,390</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">177,107</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Transactions
    with owners</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">60</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">140</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">200</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(924)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(724)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Acquisition
    of treasury shares</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">19, 20</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(689)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(689)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(689)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Result
    of delivery of treasury shares</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">19, 20</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">749</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">747</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">747</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Recognition
    of share-based payment plans</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">142</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">142</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">142</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">(Increase)
    / Decrease to the owners of the parent company</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">2c I, 3</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(924)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(924)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Dividends</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">11,000</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(11,000)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(365)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(365)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Interest
    on capital</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(12,315)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(12,315)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(12,315)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Unclaimed
    dividends and Interest on capital</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">53</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">53</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">53</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Corporate
    reorganization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">2c I, 3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">265</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">265</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">265</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">Other
    <SUP>(3)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,852)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,852)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(2,852)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Total
    comprehensive income</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">33,105</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">4,681</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(710)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(324)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(327)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">684</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">37,109</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">37,881</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Net
    income</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">33,105</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">33,105</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">772</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">33,877</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Other
    comprehensive income for the period</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">4,681</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">(710)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(324)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(327)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">684</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">4,004</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">4,004</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Appropriations:</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Legal
    reserve</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">1,669</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(1,669)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-size: 7pt">Statutory
    reserve</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">8,174</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">(8,174)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top-color: #CCCCCC; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Total -&nbsp;</FONT> <FONT STYLE="font-size: 7pt">12/31/2023</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">19</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(11)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">2,620</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">104,465</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,303)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">86</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(1,844)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">3,178</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(7,743)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">190,177</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">8,873</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">199,050</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">Change
    in the period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">60</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">140</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">18,256</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">4,681</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(710)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(324)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(327)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">684</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">22,460</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">(517)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">21,943</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="font-size: 9pt"><FONT STYLE="font-size: 7pt">1) Includes the share in other comprehensive income of investments
    in associates and joint ventures related to financial assets at fair value through other comprehensive income.<BR>
    2) Includes cash flow hedge and hedge of net investment in foreign operation.<BR>
    3) Includes Argentina&acute;s hyperinflation adjustment.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="font-size: 9pt; text-align: left"><FONT STYLE="font-size: 7pt">The accompanying notes are an integral part
    of these consolidated financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 72%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Statement of Cash Flows</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Adjusted net income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">91,638</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">96,446</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">93,298</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,877</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30,242</FONT></TD>
    <TD STYLE="text-align: right">28,384</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Adjustments to net income:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">57,761</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">66,204</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">64,914</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Share-based payment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">200</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">234</FONT></TD>
    <TD STYLE="text-align: right">(20)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Effects of changes in exchange rates on cash and cash equivalents</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">11,529</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">24,279</FONT></TD>
    <TD STYLE="text-align: right">19,941</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expected loss from financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30,445</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">27,737</FONT></TD>
    <TD STYLE="text-align: right">14,379</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from interest and foreign exchange variation from operations with subordinated debt</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,948</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,708</FONT></TD>
    <TD STYLE="text-align: right">24,279</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Financial income from insurance contracts and private pension</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">28,585</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21,873</FONT></TD>
    <TD STYLE="text-align: right">9,669</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Depreciation and amortization</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,652</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,796</FONT></TD>
    <TD STYLE="text-align: right">4,233</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expense from update / charges on the provision for civil, labor, tax and legal obligations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">799</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,288</FONT></TD>
    <TD STYLE="text-align: right">578</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provision for civil, labor, tax and legal obligations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,418</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,882</FONT></TD>
    <TD STYLE="text-align: right">3,565</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Revenue from update / charges on deposits in guarantee</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(913)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,018)</FONT></TD>
    <TD STYLE="text-align: right">(376)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deferred taxes (excluding hedge tax effects)</TD>
    <TD STYLE="text-align: center">24b</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,130</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,209</FONT></TD>
    <TD STYLE="text-align: right">10,024</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from share in the net income of associates and joint ventures and other investments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(920)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(672)</FONT></TD>
    <TD STYLE="text-align: right">(1,164)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from financial assets - at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">612</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,534</FONT></TD>
    <TD STYLE="text-align: right">2,086</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from interest and foreign exchange variation of financial assets at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(20,133)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(16,863)</FONT></TD>
    <TD STYLE="text-align: right">(18,311)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from interest and foreign exchange variation of financial assets at amortized cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,697)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,364)</FONT></TD>
    <TD STYLE="text-align: right">(6,541)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Gain) / loss on sale of investments and fixed assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,255</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(565)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,149)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,581</FONT></TD>
    <TD STYLE="text-align: right">3,137</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in assets and liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(14,145)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,187</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(38,992)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Increase) / decrease in assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,583</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,379</FONT></TD>
    <TD STYLE="text-align: right">(5,590)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities purchased under agreements to resell</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,137</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(42,595)</FONT></TD>
    <TD STYLE="text-align: right">61,293</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Compulsory deposits with the Central Bank of Brazil</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(29,656)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,356)</FONT></TD>
    <TD STYLE="text-align: right">(20,333)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loan operations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(34,191)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(106,975)</FONT></TD>
    <TD STYLE="text-align: right">(126,493)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Derivatives (assets / liabilities)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(745)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,460</FONT></TD>
    <TD STYLE="text-align: right">(8,842)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets designated at fair value through profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(126,653)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(20,132)</FONT></TD>
    <TD STYLE="text-align: right">24,104</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(16,853)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(15,215)</FONT></TD>
    <TD STYLE="text-align: right">(2,999)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other tax assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,819)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(409)</FONT></TD>
    <TD STYLE="text-align: right">1,910</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,606)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,506)</FONT></TD>
    <TD STYLE="text-align: right">506</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Decrease) / increase in liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">79,914</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21,066</FONT></TD>
    <TD STYLE="text-align: right">41,362</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deposits received under securities repurchase agreements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">69,346</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">40,592</FONT></TD>
    <TD STYLE="text-align: right">(20,516)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Funds from interbank markets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">34,058</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">117,442</FONT></TD>
    <TD STYLE="text-align: right">21,110</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Funds from institutional markets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,928)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">11,243</FONT></TD>
    <TD STYLE="text-align: right">208</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">15,114</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">32,971</FONT></TD>
    <TD STYLE="text-align: right">15,343</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial liabilities at fair value throught profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">233</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(50)</FONT></TD>
    <TD STYLE="text-align: right">(29)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,125</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,603)</FONT></TD>
    <TD STYLE="text-align: right">(17,293)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provisions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,165</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,551)</FONT></TD>
    <TD STYLE="text-align: right">709</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,234</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41</FONT></TD>
    <TD STYLE="text-align: right">(898)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,523)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,259</FONT></TD>
    <TD STYLE="text-align: right">3,341</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Payment of income tax and social contribution</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(8,080)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,874)</FONT></TD>
    <TD STYLE="text-align: right">(5,885)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net cash from / (used in) operating activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">77,493</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">129,633</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">54,306</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends / Interest on capital received from investments in associates and joint ventures</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">583</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">336</FONT></TD>
    <TD STYLE="text-align: right">661</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash upon sale of investments in associates and joint ventures</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">244</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">623</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash and Cash equivalents, net of assets and liabilities arising from the spin-off of XP Inc</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash upon sale of fixed assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">193</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">505</FONT></TD>
    <TD STYLE="text-align: right">172</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Termination of intangible asset agreements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">134</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17</FONT></TD>
    <TD STYLE="text-align: right">95</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) / Cash from the sale of financial assets at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18,219</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,190)</FONT></TD>
    <TD STYLE="text-align: right">14,028</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) / redemptions of financial assets at amortized cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(40,087)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(62,783)</FONT></TD>
    <TD STYLE="text-align: right">(11,296)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) of investments in associates and joint ventures</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,325)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(660)</FONT></TD>
    <TD STYLE="text-align: right">(33)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) of fixed assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,815)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,727)</FONT></TD>
    <TD STYLE="text-align: right">(1,414)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) of intangible assets</TD>
    <TD STYLE="text-align: center">14</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,376)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,768)</FONT></TD>
    <TD STYLE="text-align: right">(7,667)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net cash from / (used in) investment activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(31,230)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(73,270)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4,841)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Subordinated debt obligations raisings</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,170</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,004</FONT></TD>
    <TD STYLE="text-align: right">8,229</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Subordinated debt obligations redemptions</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(12,981)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(23,208)</FONT></TD>
    <TD STYLE="text-align: right">(32,388)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in non-controlling interests stockholders</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(923)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,964)</FONT></TD>
    <TD STYLE="text-align: right">(1,414)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Acquisition of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(689)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Result of delivery of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">689</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">453</FONT></TD>
    <TD STYLE="text-align: right">510</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends and interest on capital paid to non-controlling interests</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(366)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(293)</FONT></TD>
    <TD STYLE="text-align: right">(130)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends and interest on capital paid</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(10,348)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,706)</FONT></TD>
    <TD STYLE="text-align: right">(6,267)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net cash from / (used in) financing activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(22,448)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(31,714)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(31,460)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net increase / (decrease) in cash and cash equivalents</TD>
    <TD STYLE="font-weight: bold; text-align: center">2c III</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,815</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">24,649</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">18,005</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash and cash equivalents at the beginning of the period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">104,257</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">103,887</FONT></TD>
    <TD STYLE="text-align: right">105,823</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Effects of changes in exchange rates on cash and cash equivalents</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(11,529)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(24,279)</FONT></TD>
    <TD STYLE="text-align: right">(19,941)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash and cash equivalents at the end of the period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">116,543</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">104,257</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">103,887</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">32,001</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,381</FONT></TD>
    <TD STYLE="text-align: right">44,512</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,582</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,584</FONT></TD>
    <TD STYLE="text-align: right">12,555</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities purchased under agreements to resell - Collateral held</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">75,960</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">56,292</FONT></TD>
    <TD STYLE="text-align: right">46,820</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Additional information on cash flow (Mainly operating activities)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest received</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">208,243</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">213,820</FONT></TD>
    <TD STYLE="text-align: right">131,661</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest paid</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">115,518</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">107,468</FONT></TD>
    <TD STYLE="text-align: right">73,458</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Non-cash transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loans transferred to assets held for sale</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Spin-off of XP Inc. investment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,975</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Increase of Equity Interest in ITA&Uacute; CHILE</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">961</FONT></TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends and interest on capital declared and not yet paid</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,799</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,506</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,864</FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="font-size: 9pt; vertical-align: top; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Ita&uacute; Unibanco
Holding S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Notes to the Consolidated
Financial Statements</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>At&nbsp;12/31/2023 and&nbsp;12/31/2022
for balance sheet accounts and from&nbsp;01/01 to&nbsp;12/31 of 2023,&nbsp;2022 and&nbsp;2021 for income statement&nbsp;</B></P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B><I>(In millions of reais,
except when indicated)</I></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 1 - Operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Ita&uacute; Unibanco Holding S.A.&nbsp;(ITA&Uacute;
UNIBANCO HOLDING) is a publicly held company, organized and existing under the laws of Brazil. The head office is located at Pra&ccedil;a
Alfredo Egydio de Souza Aranha, n&deg; 100, in the city of S&atilde;o Paulo, state of S&atilde;o Paulo, Brazil.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has a
presence in&nbsp;18&nbsp;countries and territories and offers a wide variety of financial products and services to personal and corporate
customers in Brazil and abroad, not necessarily related to Brazil, through its branches, subsidiaries and international affiliates. It
offers a full range of banking services, through its different portfolios: commercial banking; investment banking; real estate lending;
loans, financing and investment; leasing and foreign exchange business. Its operations are divided into three segments: Retail Business,
Wholesale Business and Activities with the Market + Corporation.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;is a financial
holding company controlled by Ita&uacute; Unibanco Participa&ccedil;&otilde;es S.A. (&#8220;IUPAR&#8221;), a holding company which owns
51.71% of ITAU UNIBANCO HOLDING's&nbsp;common shares, and which is jointly controlled by (i) Ita&uacute;sa S.A. (&#8220;ITA&Uacute;SA&#8221;),
a holding company controlled by members of the Egydio de Souza Aranha family, and (ii) Companhia E. Johnston de Participa&ccedil;&otilde;es
(&#8220;E. JOHNSTON&#8221;), a holding company controlled by the Moreira Salles family. Ita&uacute;sa also directly holds&nbsp;39.21%
of ITA&Uacute; UNIBANCO HOLDING&#8217;s common shares.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These Consolidated Financial Statements
were approved by the Board of Directors on&nbsp;February 05, 2024.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 2 - Significant
accounting policies</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Basis of preparation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Consolidated Financial Statements of&nbsp;ITA&Uacute;
UNIBANCO HOLDING were prepared in accordance with the requirements and guidelines of the National Monetary Council (CMN), which require
that&nbsp;annual Consolidated Financial Statements, in accordance with international financial reporting standards (IFRS) issued by the
International Accounting Standards Board (IASB) (currently referred to by the IFRS Foundation as &#8220;IFRS accounting standards&#8221;).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;adopted
the criteria for recognition, measurement and disclosure established in the IFRS and in the interpretations of the International Financial
Reporting Interpretation Committee (IFRIC).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The information in the Financial Statements
and accompanying notes evidences all relevant information inherent in the financial statements, and only them, which is consistent with
information used by management in its administration.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the 3rd quarter of 2018,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;started&nbsp;adjusting the financial statements of its subsidiaries in Argentina to reflect the effects of hyperinflation.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) New accounting standards
changes and interpretations of existing standards</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Applicable for period
ended December 31, 2023</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IFRS
17 &#8211; Insurance Contracts: The pronouncement replaces IFRS 4 &#8211; Insurance Contracts. IFRS 17 is applicable to all insurance
and reinsurance contracts held as from January 1, 2023, with a transition date of January 1, 2022 for comparative purposes. The modified
retrospective approach was adopted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Until December 31, 2021, ITA&Uacute; UNIBANCO
HOLDING decided not to change its accounting policies for insurance contracts, which follow IFRS 4, based on accounting practices generally
accepted in Brazil (&#8220;BRGAAP&#8221;):</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Private
pension plans -</B> Contracts that provide for retirement benefits after an accumulation period (known as PGBL, VGBL and FGB) provide
a guarantee, at the commencement date of the contract, of the basis for calculating the retirement benefit (mortality table and minimum
interest rates) and the contract specify the annuity rates for the insured.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Insurance
premiums -</B> Insurance premiums are recognized upon issue of an insurance policy or over the period of the contracts in proportion to
the amount of the insurance coverage.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Insurance
Contract Liabilities -</B> Reserves for claims are established based on past experience, claims in process of payment, estimated amounts
of claims incurred but not yet reported, and other factors relevant to the required reserve levels.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Liability
Adequacy Test -</B> ITA&Uacute; UNIBANCO HOLDING tests liability adequacy by adopting current actuarial assumptions for future cash flows
of all insurance contracts in force at the balance sheet date. Should the analysis show insufficiency, any shortfall identified is accounted
for in income for the period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Transition to IFRS 17</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main changes identified by&nbsp;ITA&Uacute;
UNIBANCO HOLDING due to the adoption of IFRS 17 are related to the aggregation and measurement of insurance contracts and private pension.
Further details on the material accounting policies adopted are included in Note&nbsp;2c.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify; color: #EC7000"><B>(i) Aggregation
and Measurement of Insurance Contracts and Private Pension </B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">IFRS 17 requires that insurance contracts
be grouped in portfolios considering similar risks, their management, the contract issue period and the expected profitability at the
time of initial recognition. The groups of insurance contracts and private pension are made up of contracts issued in the quarter.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;grouped
insurance and health products in the Insurance portfolio and supplementary pension plans in the Private Pension portfolio.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">The Insurance portfolio is made up
mainly of products which cover life and property, divided into groups of contracts with the coverage period of each contract is one year
or less and contracts of the coverage period longer.&nbsp;The Private Pension portfolio is made up of products with coverage for survival
and risk of death and disability, comprising three groups: risk coverage plans and survival plans with and without direct participation
features.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">For measurement of the groups of insurance
contracts and private pension,&nbsp;ITA&Uacute; UNIBANCO HOLDING adopts the three measurement approaches: BBA, VFA and PAA, considering
the characteristics of the existing insurance contracts and private pension:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Building
Block Approach (BBA): applicable to all insurance contracts without direct participation features, corresponds to the standard model.&nbsp;ITA&Uacute;
UNIBANCO HOLDING applied this approach to insurance&nbsp;contracts and private pension with coverage over 1 year or which are onerous.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Variable
Fee Approach (VFA): applicable to insurance contracts with direct participation features are insurance contracts that are substantially
investment-related service contracts under which an entity promises an investment return based on underlying items.&nbsp;ITA&Uacute; UNIBANCO
HOLDING applied this approach to the Free Benefit Generating Plan (PGBL) and Free Benefit Generating Life Plan (VGBL) private pension
plans, since the contributions made by insured parties have a return based on the profitability of the investment fund specially</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">organized in which funds are invested
and the insured party has the possibility of earning income after the accumulation period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Premium
Allocation Approach (PAA): applicable to insurance contracts lasting up to 12 months or when they produce results similar to those that
would be obtained if the standard model were used.&nbsp;ITA&Uacute; UNIBANCO HOLDING applied this approach to insurance contracts whose
coverage periods are equal to or less than one year.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">The initial recognition of groups
of insurance contracts and private pension is performed by the total of:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Contractual
service margin, which represents the unearned profit that will be recognized as it provides insurance contract service in the future.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Fulfillment
cash flows, composed of the present value of estimated cash inflows and outflows of funds over the period covered by the portfolio, risk
adjusted for non-financial risk. The risk adjustment for non-financial risk is the compensation that the entity requires for bearing the
uncertainty about the amount and timing of the cash flows that arises from non-financial risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">The Assets and Liabilities of insurance
contracts and private pension are subsequently segregated between:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Asset
or Liability for Remaining Coverage: represented by the fulfillment cash flows related to future services and the contractual service
margin. The appropriation of the contractual service margin and losses (or reversals) in onerous contracts are recognized in the Operating
Income from Insurance Contracts and Private Pension, net of Reinsurance. In the Private Pension PGBL and VGBL portfolios, the contractual
service margin is recognized according to the provision of the management service and insurance risks, and in the other portfolios, recognition
is on a straight-line basis over the term of the contract.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Asset
or Liability for Incurred Claims: represented by the fulfillment cash flows referring to services already provided, that are, amounts
pending financial settlement related to claims and other expenses incurred. Changes in the fulfillment cash flows, including those arising
from an increase in the amount recognized due to claims and expenses incurred in the period, are recognized in the Operating Income from
Insurance Contracts and Private Pension, net of Reinsurance.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;adopted
the modified retrospective approach due to unavailability of historical data, using reasonable and supportable information to measure
the insurance contracts and private pension in effect on the transition date.&nbsp;ITA&Uacute; UNIBANCO HOLDING used the permitted modification
and opted for a single grouping of contracts in accordance with its products and portfolios. In addition,&nbsp;ITA&Uacute; UNIBANCO HOLDING
estimated future cash flows on the transition date, adjusting them with historical information prior to that date. Regarding discount
rates, their averages for the period between 2015 and 2021 were considered. The insurance contractual margin was established after applying
the risk adjustment for non-financial risk to the future cash flows determined.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;prepared
comparative information for the period 2022 in compliance with IFRS 17, and the amounts related insurance contracts from previous periods
were classified, measured, and presented according to the previous standard (IFRS 4 - Insurance Contracts).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">For&nbsp;portfolios of&nbsp;long-term
insurance contracts and private pension, except for Private Pension PGBL and VGBL portfolios,&nbsp;ITA&Uacute; UNIBANCO HOLDING opted
for recognizing changes in discount rates in Other Comprehensive Income, that is, the Financial Income from Insurance Contracts and Private
Pension will be segregated between Other Comprehensive Income and income for the period, with no effect on the transition date. In the
portfolios of short-term insurance and Private Pension PGBL and VGBL, the financial income is fully recognized in income for the period.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify; color: #EC7000"><B>(ii) Redesignation
of Financial Assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">As IFRS 17 changed the measurement
of insurance contracts, which are now recognized at the present value of the obligation,&nbsp;ITA&Uacute; UNIBANCO HOLDING partially redesignated,
on the transition date and as permitted by the standard, the business model of financial instruments that were classified at Amortized
Cost to Fair Value through Other Comprehensive Income. This business model aims at maximizing the results of financial assets through
sales in windows of opportunity, in addition to the receipt of principal and interest, thus allowing for better symmetry between assets
and liabilities.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01/2022 after redesignations</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Classification</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Amortized Cost</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">Classification</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 15%">Fair value adjustments (in stockholders&rsquo; equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Securities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; text-align: justify">Brazilian government securities</TD>
    <TD STYLE="border-bottom: black 1pt solid">At amortized cost</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5,371</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">At fair value through other comprehensive income</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5,371</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(260)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5,111</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 73%">Reconciliation of stockholders&rsquo; equity between IFRS 4 and IFRS 17</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Opening balance in accordance with IFRS 4</TD>
    <TD STYLE="font-weight: bold; text-align: right">177,343</TD>
    <TD STYLE="font-weight: bold; text-align: right">30,737</TD>
    <TD STYLE="font-weight: bold; text-align: right">164,476</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Measurement of fulfillment cash flows with insurance contracts and private pension portfolios <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">236</TD>
    <TD STYLE="text-align: right">(795)</TD>
    <TD STYLE="text-align: right">(319)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Redesignation of financial assets related to insurance contracts <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(593)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(260)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Deferred taxes on adjustments</TD>
    <TD STYLE="text-align: right">121</TD>
    <TD STYLE="text-align: right">300</TD>
    <TD STYLE="text-align: right">261</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid">Total adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right">(236)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right">(495)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right">(318)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Balance according to IFRS 17</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">177,107</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">30,242</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">164,158</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: justify">1) Calculation of fulfillment cash flows with contracts and contractual service margin according to the modified retrospective approach.<BR>
2) Change in the financial asset measurement model due to its redesignation with the adoption of IFRS 17.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>



<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>
<P STYLE="font: 9pt/107% Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 28%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold; background-color: white">Consolidated Balance Sheet</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Assets</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center; background-color: white">IFRS 4</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Reclassifications <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center; background-color: white">IFRS 17</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center">IFRS 4</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Reclassifications <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center">IFRS 17</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Balance</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid">Cash</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,381</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,381</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">44,512</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">44,512</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,172,726</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,914</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-593</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,170,219</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,915,573</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,579</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-260</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,913,734</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Amortized Cost</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,586,992</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-8,203</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,578,789</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,375,782</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-6,950</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,368,832</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Other Comprehensive Income</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">121,052</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,289</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-593</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">126,748</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">105,622</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,371</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-260</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">110,733</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">464,682</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">464,682</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">434,169</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">434,169</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">23</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23</FONT></TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">68</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">68</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax assets</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,480</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">165</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,645</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">58,433</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">261</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">58,694</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - current</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,647</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,647</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,636</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,636</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - deferred</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">51,469</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">165</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">51,634</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">50,831</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">261</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">51,092</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,364</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,364</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,966</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,966</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other assets</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,529</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-55</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,474</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16,494</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-53</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16,441</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Investments, Fixed asseis, Goodwill and lntangible assets</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">38,324</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">38,324</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">34,194</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">34,194</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total assets</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,323,440</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,946</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-428</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,321,066</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,069,206</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,564</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,067,643</FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Liabilities and stockholders' equity</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center; background-color: white">IFRS 4</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Reclassifications <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center; background-color: white">IFRS 17</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center">IFRS 4</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Reclassifications <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center">IFRS 17</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Balance</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial Liabilities</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,836,690</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,836,690</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,621,786</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,621,786</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: #B7B7B7 0.5pt solid; border-bottom: #B7B7B7 0.5pt solid">Insurance contracts and private pension</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">235,150</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-1,788</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-236</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">233,126</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">214,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-1,439</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">319</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">213,856</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provisions and Other liabilities</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">67,519</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-149</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">67,370</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">61,722</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-125</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">61,597</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,738</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-9</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">44</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,773</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,246</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,246</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Incarne tax and social contribution - current</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,950</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,950</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,450</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,450</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Incarne tax and social contribution - deferred</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">345</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">345</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">280</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">280</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,443</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">-9</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">44</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,478</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,516</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,516</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,146,097</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,946</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-192</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,143,959</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,904,730</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,564</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">319</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,903,485</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total stockholders' equity attributed to the owners of the parent company <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,953</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-236</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,717</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">152,864</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-318</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">152,546</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Non-controlling interests</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,390</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,390</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11,612</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11,612</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total stockholders' equity</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">177,343</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-236</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">177,107</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">164,476</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-318</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">164,158</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total liabilities and stockholders' equity</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,323,440</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,946</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-428</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,321,066</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,069,206</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">-1,564</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,067,643</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) Refer to the redesignation of assets and liabilities related to the insurance and private pension contracts, as well as the redesignation of related financial assets.<BR>
2) Refer to the calculation of cash flows from compliance with the portfolios of insurance and private pension contracts and adjustment to the fair value of redesignated financial assets.<BR>
3) The effects arising from the adoption of IFRS 17 and Redesignation of Financial Assets, net of taxes, were recognized under Revenue Reserves (R$ (815) at 12/31/2022 and R$ (319) at 01/01/2022) and Other Comprehensive Income (R$ 579 at 12/31/2022 and R$ 1 at 01/01/2022).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 1 &#8211; Presentation of Financial Statements:</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Information on accounting policies
- requires that only information about material accounting policies is&nbsp;disclosed, eliminating disclosures of information that duplicate
or summarize IFRS requirements. These amendments are effective for the years beginning January 1<SUP>st</SUP>, 2023 and they have no financial
impacts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Include the definition of accounting
estimates - monetary amounts subject to uncertainties in their measurement. Expected credit loss and the fair value of an asset or liability
are examples of accounting estimates. This change is effective for the years beginning January 1<SUP>st</SUP>, 2023 and there are no impacts
for the Consolidated Financial Statements of ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 12 &#8211; Income Taxes:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Deferred taxes on leasing operations
- require that the lessee recognizes deferred taxes arising from temporary differences generated in the initial recognition of right-of-use
assets&nbsp;and lease liabilities, in compliance with the tax legislation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Pillar Two Model Rules - Introduces
a temporary exception to the recognition&nbsp;of deferred taxes arising from the Pillar Two Model Rules issued by the Organization for
Economic Cooperations and Development (OECD), of which Brazil is not an effective member.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">These amendments are effective for
years beginning January&nbsp;1<SUP>st</SUP>, 2023 and there are no impacts on the Consolidated Financial Statements of ITA&Uacute; UNIBANCO
HOLDING.&nbsp;For future years,&nbsp;ITA&Uacute; UNIBANCO HOLDING will continue to monitor the implementation of Pillar Two Model Rules
in the countries where its subsidiaries operate.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Applicable for future
periods</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 1 &#8211; Presentation of Financial Statements:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Segregation between Current and Non-current
Liabilities - clarifies when to consider contractual conditions (covenants) that may affect the unconditional right to defer the settlement
of the liabilities for at least 12 months after the reporting period and includes disclosure requirements for liabilities with covenants
classified as non-current. These changes are effective for fiscal years starting January 1<SUP>st</SUP>, 2024, with retrospective application&nbsp;and
there are no impacts on the Consolidated Financial Statements of ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Accounting policies,
critical estimates and material judgments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">This note presents the main critical estimates
and judgments used in the preparation and application of ITA&Uacute; UNIBANCO HOLDING&#8217;s specific accounting policies. These estimates
and judgments present a material risk and may have a material impact on the values of assets and liabilities due to uncertainties and
the high level of subjectivity involved in the recognition and measurement of certain items. Therefore, actual results may differ from
those obtained by these estimates and judgments.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Consolidation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Consolidated Financial Statements of&nbsp;ITA&Uacute;
UNIBANCO HOLDING relate to transactions carried out by its branches and subsidiaries in Brazil and abroad, including investment funds,
in which&nbsp;ITA&Uacute; UNIBANCO HOLDING holds either direct or indirect control. The main judgment exercised in the control assessment
is the analysis of facts and circumstances that indicate whether&nbsp;ITA&Uacute; UNIBANCO HOLDING is exposed or is entitled to variable
returns and has the ability to affect these returns through its influence over the entity on a continuous basis.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Consolidated Financial Statements are
prepared using consistent accounting policies. Intercompany asset and liability account balances, income accounts and transaction values
have been eliminated.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10">The following table shows the main consolidated companies as well as the interests of ITA&Uacute; UNIBANCO HOLDING in their voting capital:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Functional Currency <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Incorporation Country</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Activity</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest in voting capital %</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest in total capital %</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 31%">In Brazil</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Ita&uacute; BBA S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Ita&uacute; Consignado S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Itaucard S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Cia. Ita&uacute; de Capitaliza&ccedil;&atilde;o</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Premium Bonds</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Dibens Leasing S.A. - Arrendamento Mercantil</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Leasing</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financeira Ita&uacute; CBD S.A. Cr&eacute;dito, Financiamento e Investimento</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Consumer finance credit</TD>
    <TD STYLE="text-align: right">50.00%</TD>
    <TD STYLE="text-align: right">50.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">50.00%</TD>
    <TD STYLE="text-align: right">50.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hipercard Banco M&uacute;ltiplo S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Ita&uacute; Corretora de Valores S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Securities Broker</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Ita&uacute; Seguros S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Insurance</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Ita&uacute; Unibanco S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Ita&uacute; Vida e Previd&ecirc;ncia S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Pension plan</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Luizacred S.A. Sociedade de Cr&eacute;dito, Financiamento e Investimento</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Consumer finance credit</TD>
    <TD STYLE="text-align: right">50.00%</TD>
    <TD STYLE="text-align: right">50.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">50.00%</TD>
    <TD STYLE="text-align: right">50.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Redecard Institui&ccedil;&atilde;o de Pagamento S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">Acquirer</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Ita&uacute; Colombia S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Colombian peso</TD>
    <TD STYLE="text-align: center">Colombia</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">67.06%</TD>
    <TD STYLE="text-align: right">65.27%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">67.06%</TD>
    <TD STYLE="text-align: right">65.27%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Ita&uacute; (Suisse) S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Swiss franc</TD>
    <TD STYLE="text-align: center">Switzerland</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Banco Ita&uacute; Argentina S.A. <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Argentine peso</TD>
    <TD STYLE="text-align: center">Argentina</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">0.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">0.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Ita&uacute; Paraguay S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Guarani</TD>
    <TD STYLE="text-align: center">Paraguay</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Ita&uacute; Uruguay S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Uruguayan peso</TD>
    <TD STYLE="text-align: center">Uruguay</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Itau Bank, Ltd.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Real</TD>
    <TD STYLE="text-align: center">Cayman Islands</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Itau BBA International plc</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">US Dollar</TD>
    <TD STYLE="text-align: center">United Kingdom</TD>
    <TD STYLE="text-align: center">Financial institution</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Itau BBA USA Securities Inc.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">US Dollar</TD>
    <TD STYLE="text-align: center">United States</TD>
    <TD STYLE="text-align: center">Securities Broker</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">100.00%</TD>
    <TD STYLE="text-align: right">100.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Banco Ita&uacute; Chile</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">Chilean peso</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">Chile</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">Financial institution</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">67.42%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">65.62%</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">67.42%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">65.62%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt; text-align: justify">1) All overseas offices of ITA&Uacute; UNIBANCO HOLDING have the same functional currency as the parent company, except for Ita&uacute; Chile New York Branch and Ita&uacute; Unibanco S.A. Miami Branch, which use the US dollar.<BR>
2) Banco lta&uacute; Argentina S.A. makes up the ITA&Uacute; UNIBANCO HOLDING until 07/31/2023 (Note 3).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.I - Business combinations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When accounting for business combinations,&nbsp;ITA&Uacute;
UNIBANCO HOLDING exercises judgments in the identification, recognition, and measurement of: price adjustments, contingent considerations,
and options or obligations to buy or sell ownership interest of the acquired entity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Non-controlling shareholders&#8217; ownership
interest is measured on the date of acquisition according to the proportional interest in Stockholders&#8217; Equity of the acquired entity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.II - Capital transactions with non-controlling
stockholders</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Changes in an ownership interest in a subsidiary,
which do not result in a loss of control, are accounted for as capital transactions and any difference between the amount paid and the
carrying amount of non-controlling stockholders is recognized directly in stockholders' equity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Functional and presentation
currency</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Consolidated Financial Statements of&nbsp;ITA&Uacute;
UNIBANCO HOLDING are presented in Brazilian Reais, which is its functional and presentation currency. For each subsidiary, associate and
joint venture,&nbsp;ITA&Uacute; UNIBANCO HOLDING exercised judgment to determine its functional currency, considering the currency of
the primary economic environment in which the entity operates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Foreign currency operations are translated
currency using the exchange rates prevailing on the dates of the transactions, and exchange gains and losses are recognized in the Consolidated
Statement of Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For conversion of the Financial Statements
of foreign entities with a functional currency other than Reais,&nbsp;ITA&Uacute; UNIBANCO HOLDING uses the exchange rate on the closing
date to convert assets and liabilities, and the average monthly exchange rate to convert income and expenses, except for foreign entities
located in hyperinflationary economies. Exchange differences generated by this conversion are recognized in Other Comprehensive Income,
net of tax effects, and reclassified, either in total or partially, to income when&nbsp;ITA&Uacute; UNIBANCO HOLDING loses control of
the foreign entity. When exposure to these exchange rate differences is material,&nbsp;ITA&Uacute; UNIBANCO HOLDING conducts hedge of
net investment in foreign operation, whose effective portion is recognized in Stockholders&#8217; Equity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Cash and cash equivalents</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">They are defined as cash and cash equivalents,
current accounts with banks and financial investments, which are promptly convertible into cash, this is, which original term is equal
to or lower than 90 days and are subject to an insignificant risk of change in value, shown in the Balance Sheet under the headings Cash,
Interbank Deposits and Securities purchased under agreements to resell (Collateral Held).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Financial assets
and liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets and liabilities are initially
recognized at fair value on the trading date.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are partially or fully
written off, on the trading date, if:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>the
contractual rights to the cash flows of the financial asset expire.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>there
are no reasonable expectations of its recovery, considering historical curves of similar operations. In this case, the total or partial
write-off is carried out concurrently with the use of the related allowance for expected credit loss. Subsequent recoveries of amounts
previously written off are accounted for as income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>ITA&Uacute;
UNIBANCO HOLDING&nbsp;transfers&nbsp;substantially the risks and benefits of the financial asset.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised by&nbsp;ITA&Uacute;
UNIBANCO HOLDING in the write-off of financial assets are: assessment of the time when contractual rights to cash flows of financial assets
expire; reasonable expectation of recovery of the financial asset, and substantial transfer of risks and benefits or control.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When the contractual cash flow of a financial
asset is renegotiated or otherwise modified, but&nbsp;ITA&Uacute; UNIBANCO HOLDING estimates that the modification event has not caused
total write-off of the contract, the gross book value of this financial asset is recalculated by comparing the original and renegotiated
cash flows, and the effects of the modification are recognized in income.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial liabilities are written off when
extinguished, this is, when the obligation specified in the contract is released, canceled, expired, or substantially modified. ITA&Uacute;
UNIBANCO HOLDING considers that the obligation was substantially modified when the present value of cash flows under the new terms is
at least 10% different from the present value of the cash flows remaining from the original obligation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.I Classification&nbsp;of
financial assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are classified and subsequently
measured&nbsp; in the following categories:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amortized
cost: used when financial assets are managed to obtain contractual cash flows, consisting solely of payments of principal and interest.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Fair
value through other comprehensive income: used when financial assets are held both for obtaining contractual cash flows, consisting solely
of payments of principal and interest, and for sale.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Fair
value through profit or loss: used for financial assets that do not meet the aforementioned criteria.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The category depends on the business model
under which they are managed and&nbsp;the characteristics of their cash flows (Solely Payment of Principal and Interest Test &#8211; SPPI
Test).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Business models:</B> are established
according to the objectives of the business areas,&nbsp;considering the risks that affect the performance of the business model;&nbsp;how
is assessed and reported to Management and how the managers of the business are compensated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>SPPI Test:</B>&nbsp;is the assessment
of cash flows generated by a financial instrument for the purpose of checking whether they represent solely payments of principal and
interest (consideration for the time value of money, credit risk and profit margin).&nbsp;ITA&Uacute; UNIBANCO HOLDING assesses mainly
the following situations to determine compliance with the SPPI Test: changes in rate due to modification in credit risk; interest rates
determined by regulatory bodies; leverage; embedded derivatives; and term extension clauses and exchange rate variation. If contractual
terms introduce risk exposure or cash flow volatilities, the financial asset do not meet to the SPPI Test and its classified in the category
at fair value through profit or loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Hybrid Contracts:</B>&nbsp;to identify
if a contract contains embedded derivatives,&nbsp;ITA&Uacute; UNIBANCO HOLDING considers especially if there is any indexing to different
components of interest and uncertainty regarding the link with the final indexing.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Hybrid contracts in which the main component
is a financial asset are accounted for on a jointly basis, this is, the whole instrument (principal and derivative component) is measured
at fair value through profit or loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In other cases, embedded derivatives are
treated as separate financial instruments if: their characteristics and economic risks are not closely related to those of the main component;
the separate instrument meets the definition of a derivative; the underlying instrument is not booked at fair value through profit or
loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Equity instruments: </B>the shares and
quotas are classified at fair value through profit or loss, except when the financial instrument is held with a purpose other than its
negotiation, situation in which ITA&Uacute; UNIBANCO HOLDING designates it, on an irrevocable basis, at fair value through other comprehensive
income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.II - Classification&nbsp;of
financial liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial liabilities are subsequently measured
at amortized cost, except for:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Financial
liabilities at fair value through profit or loss:</B>&nbsp;classification applied to&nbsp;financial liabilities designated, irrevocably,
at fair value through profit or loss for the purpose to&nbsp;reduce accounting asymmetries and to derivatives.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Loan
commitments and financial guarantees:</B> measured at the higher amount between (i) the provision for expected credit losses; and (ii)
the balance of the fee on the service to be deferred in income, according to the contract term.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Premium
bonds plans:</B> they are classified as financial liabilities at the amortized cost, although they are regulated by the body that regulates
the Brazilian insurance market. Revenue from premium bonds plans is recognized during the contract period and measured according to the
contractual conditions of each plan.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.III - Subsequent measurement
of financial instruments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Fair value of financial instruments:
</B>to measure fair value, assessment techniques applying information classified in three levels of hierarchy are used, prioritizing prices
listed in active markets of the instruments.&nbsp;ITA&Uacute; UNIBANCO HOLDING classifies this information according to the relevance
of data observed in the fair value measurement process:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 1:</B> Observable inputs that reflect
quoted prices (unadjusted) for identical assets or liabilities in active markets. An active market is a market in which transactions for
the asset or liability being measured occur often enough and with sufficient volume to provide pricing information on an ongoing basis.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 2:</B> Inputs that are not observable
for the asset or liability either directly or indirectly. Level 2 generally includes: (i) quoted prices for similar assets or liabilities
in active markets; (ii) quoted prices for identical or similar assets or liabilities in markets that are not active, that is, markets
in which there are few transactions for the asset or liability, the prices are not current, or quoted prices vary substantially either
over time or among market makers, or in which little information is released publicly; (iii) inputs other than quoted prices that are
observable for the asset or liability (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities,
etc.); (iv) inputs that are mainly derived from or corroborated by observable market data through correlation or by other means.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 3:</B>&nbsp;Inputs that are not
observable for the asset or liability allowing the use of internal models and techniques.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The adjustment to fair value of financial
assets and liabilities is recognized in Stockholders' equity for financial assets measured at fair value through other comprehensive income
or in the Consolidated Statement of Income for the other financial assets and liabilities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To determine the gains and losses realized
in the disposal of financial assets at fair value, average cost is used,&nbsp;which are recorded in the Consolidated Statement of Income
as Interest and similar income and Income of Financial Assets and Liabilities at Fair Value through Profit or Loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For financial instruments measured at fair
value on a recurring basis, including derivatives, that are not traded in active markets, the fair value is calculated by using valuation
techniques based on assumptions, that consider market information and conditions.&nbsp;The estimated fair value obtained through these
techniques cannot be substantiated by comparison with independent markets and, in many cases, cannot be realized on immediate settlement
of the instrument.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main assumptions considered to estimate
the fair value are: historical data base, information on similar transactions,&nbsp;discount rate and estimate of future cash flows.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments applied in the calculation
of the fair value of more complex financial instruments, or those that are not negotiated in active markets or do not have liquidity,
are: determining the model used with the selection of specific inputs and, in certain cases, evaluation adjustments are applied to the
model amount or price quoted for financial instruments that are not actively traded.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The application of these judgments may result
in a fair value that is not indicative of the net realizable value or future fair values. However,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;believes
that all the methods used are appropriate and consistent with other market participants.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fair value of financial instruments
as well as the hierarchy of fair value are detailed in Note&nbsp;28.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Amortized cost: </B>is the amount at
which the financial asset or liability is measured at initial recognition, plus adjustments made under the effective interest method,
less repayments&nbsp;of principal and interest, and any provision for expected credit loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Effective interest rate:&nbsp;</B>ITA&Uacute;
UNIBANCO HOLDING uses the effective interest method to calculate interest income or expense for financial instruments at amortized cost,
which considers costs and fees directly attributable to the contract, such as commissions paid or received by the parties to the contract,
transaction costs and other premiums and discounts.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;classifies
a loan as non-performing if the payment of the principal or interest has been overdue for 60 days or more. In this case, accrual of interest
is no longer recognized.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Expected credit loss:</B>&nbsp;ITA&Uacute;
UNIBANCO HOLDING makes a assessment of the expected credit loss on financial assets measured at amortized cost, through other comprehensive
income, loan commitments and financial guarantee contracts applying a three-stage approach to demonstrate&nbsp;changes in credit risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stage
1 &#8211; considers default events possible within 12 months. Applicable to financial assets which are not credit impaired when purchased
or originated or which credit risk has decreased significantly.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stage
2 &#8211; considers all possible default events over the life of the financial instrument. Applicable to financial instruments&nbsp;which
credit risk has increased significantly since the initial recognition or that no longer have credit recovery problems, but their credit
risk has not decreased significantly.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stage
3 &#8211; applicable to financial instruments which are credit impaired, for which a probability of default (PD) of 100% is considered
(problem assets).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The measurement of expected credit loss
requires the application of significant assumptions and use of quantitative models. Management exercises its judgment in the assessment
of the adequacy of the expected loss amounts resulting from models and, according to its experience, makes adjustments that may result
from certain clients&#8217; credit status or temporary adjustments resulting from situations or new circumstances that have not been reflected
in the modeling yet.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main assumptions considered to estimate
the expected credit loss are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Determining
criteria for significant increase or decrease in credit risk</B>:&nbsp;ITA&Uacute; UNIBANCO HOLDING determines triggers (indicators) of
significant increase&nbsp;in the credit risk of a financial asset&nbsp;since its initial recognition on an individual or collective basis.
For collective assessment purposes, financial assets are grouped based on characteristics of shared credit risk, considering the type
of instrument, credit risk classifications, initial recognition date, remaining term, industry,&nbsp;among other significant factors.
For wholesale business portfolios, the assessment is conducted on an individual basis, at the economic subgroup level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The migration of the financial asset to
an earlier stage occurs with a consistent reduction in credit risk, mainly characterized by the non-activation of credit deterioration
triggers for at least 6 months.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Maximum
contractual period:&nbsp;</B>ITA&Uacute; UNIBANCO HOLDING&nbsp;estimates the useful life of assets that do not have fixed maturity date
is based on the period of exposure to credit risk and contractual terms, including prepayment and rollover options.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Prospective
information: </B>ITA&Uacute; UNIBANCO HOLDING&nbsp;uses macroeconomic forecasts and public information with projections prepared internally
to determine the impact of these estimates on the calculation of expected credit loss. The main prospective information used to determine
the expected loss is related to Selic Rate, Credit Default Swap (CDS), unemployment rate, Gross Domestic Product (GDP), wages, industrial
production and retail sales. Macroeconomic scenarios are reassessed annually or when market conditions so require.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Macroeconomic
scenarios: </B>this information involves inherent risks, market uncertainties and other factors that may give rise to results different
from those expected.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Probability-weighted
loss scenarios:</B>&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses weighted scenarios to determine credit loss expected over a suitable observation
horizon adequate to classification in stages, considering the projection based on economic variables.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised to calculate
the expected credit loss are: selection of quantitative models to assess the expected credit loss; determination of triggers to significantly
increase or decrease credit risk; identification and grouping of portfolios with similar credit risk characteristics; establishment of
the maximum contractual period for assets with no determined maturity; determination of prospective information, macroeconomic scenarios
and probability-weighted scenarios.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.IV -&nbsp;Derivatives
and use of hedge accouting</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Derivatives:</B>&nbsp;all derivatives
are measured at fair value through profit or loss and accounted for as financial assets when the fair value is positive and as financial
liabilities when the fair value is negative.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Accounting Hedge:</B>&nbsp;the risk management
conducted with derivative and non-derivative financial instruments may give rise to accounting asymmetries due to the different methods
to account for each instrument. In view of this,&nbsp;ITA&Uacute; UNIBANCO HOLDING sometimes qualifies economic hedge operations as accounting
hedge operations, changing the usual accounting of hedge items or hedging instruments, and, consequently, eliminating existing accounting
asymmetry, in order to reflect the economic effects of hedge activity in the financial statements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;continues
applying all the hedge accounting requirements of IAS 39,&nbsp;that&nbsp;describes three types of hedges: cash flow hedge, hedge of net
investment in foreign operations and fair value hedge,&nbsp;which are detailed in Note&nbsp;7.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At the beginning of a hedge transaction,&nbsp;the
relationship between the hedging instruments and the hedged items,&nbsp;its risk management objective and&nbsp;strategy are documented.
They can be designated as hedging instruments for accounting purposes, derivatives, financial and qualifiable financial assets and liabilities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To maintain the accounting hedge strategies,&nbsp;ITA&Uacute;
UNIBANCO HOLDING assesses the effectiveness of strategies on a continuous basis. In the event the hedge becomes ineffective, the designation
is revoked, or the derivative expires or is sold, the accounting hedge should be prospectively discontinued.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised in the assessment
of hedge strategies are: identification of qualifiable assets and liabilities; determination of the risk to be hedged; selection of quantitative
models for effectiveness assessment.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Cash
flow hedge: </B>the effective portion of gains or losses on hedging instrument is recognized directly in Other Comprehensive Income (hedge
reserve).&nbsp;The&nbsp;ineffective portion or hedge components excluded from the assessment of effectiveness are recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To evaluate the effectiveness of the cash
flow hedge,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses the hypothetical derivative method.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At the time the corresponding income or
expense of the hedged financial item affects income, the hedge reserve is reclassified to Income on Financial Assets and Liabilities at
Fair Value through Profit or Loss. For non-financial hedged items, the hedge reserve is incorporated into the initial cost of the corresponding
asset or liability.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">If the accounting hedge is discontinued,
the hedge reserve will be reclassified to income at the time the expected transaction occurs or is no longer expected to occur.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Hedge
of net investment in foreign operations:&nbsp;</B>is accounted for in a manner similar to a cash flow hedge: the effective portion of
hedge instrument gains or losses is recorded directly in Other Comprehensive Income (hedge reserve). The ineffective portion or hedge
components excluded from the effectiveness analysis are recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To evaluate the effectiveness of the hedge
of net investments in foreign operations,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses the&nbsp;dollar offset method.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the period the foreign operation is partially
or completely disposed of, hedge is discontinued, and the hedge reserve is reclassified proportionally to income.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Fair
value hedge:</B> gains or losses arising from the measurement at fair value of the covered item, which correspond to the effective portion
of the hedge, are recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">If the accounting hedge is discontinued,
any adjustment in the book value of the covered item should be amortized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">To evaluate the effectiveness of the fair value hedge,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;uses the percentage approach and dollar offset method.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Assets held for sale</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Assets Held for Sale are registered in the
Balance Sheet under the heading Other Assets upon their receipt in the settlement of financial assets or by the decision to sell own assets.
These assets are initially accounted for at the lower of: (i) the fair value of the good less the estimated selling costs (ii) their book
value.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING exercises judgment
when assessing the fair value of the asset, either upon the initial recognition or in the subsequent measurement, considering evaluation
reports and the likelihood of definitive hindrance to sale.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VI - Investments in associates
and joint ventures</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Associates are companies in which&nbsp;ITA&Uacute;
UNIBANCO HOLDING has a significant influence, mainly represented by participation in the Board of Directors or Executive Board, and in
the processes of development of operating and financial policies, including the distribution of dividends, provided that they are not
considered rights to protect minority interest. &nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Joint ventures are arrangements in which
the parties are entitled to the net assets of the business, which is jointly controlled, this is, decisions about the business are made
unanimously between the parties, regardless their percentage of interest.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Investments in associates and joint ventures
include goodwill identified in the acquisition, net of any accumulated impairment loss. They are recognized at acquisition cost and are
accounted for under the equity method.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VII - Lease operations
(Lessee)</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To conduct its commercial activities,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;is the lessee, mainly of real estate (underlying assets) in the execution of the contract; future rent payments
are recognized at present value discounted by an average funding rate (incremental rate) in the heading Other liabilities and the financial
expense is recognized in income. In&nbsp;counterparty to this financial liability, a right of use is recognized, depreciated under the
straight-line method for the lease term and tested semiannually to identify possible impairment losses. In cases the underlying asset
is of low value (except real estate), payments are recognized in liabilities as a&nbsp;counterparty to expense, when due.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To establish the lease period,&nbsp;ITA&Uacute;
UNIBANCO HOLDING considers the non-cancellable period of the contract, the expectation of renewal, contractual termination, and the expected
vacancy period, as the case may be.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised in lease operations
are: determination of the discount rate that reflects the cost that would be incurred to buy the asset; establishment of low-value assets;
and assessment of the expectation of contractual renewal.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VIII - Fixed assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Fixed assets are booked at their acquisition
cost less accumulated depreciation, and adjusted for impairment, if applicable. Depreciation is calculated on the straight-line method
using rates based on the estimated useful lives of these assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;recognizes
in fixed assets expenses that increase (i) productivity, (ii) efficiency or (iii) the useful life of the asset for more than one fiscal
year.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgements are about the definition
of the residual values and useful life of assets.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IX - Goodwill and lntangible
assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Goodwill is generated in business combinations
and acquisitions of ownership interests in associates and joint ventures. It represents the future economic benefits expected from the
transaction that are neither individually identified nor separately recognized, not being amortized.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Intangible assets are immaterial goods acquired
or internally developed, they include the Association for the promotion and offer of financial products and services, softwares and rights
for acquisition of payrolls.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Intangible assets are measured at amortized
cost after initial recognition and amortized using the straight-line method&nbsp;over their estimated useful lives.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>X - Impairment of non-financial
assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The recoverable amount of investments in
associates and joint ventures, right-of-use assets, fixed assets, goodwill and intangible assets is assessed semiannually or when there
is an indication of loss. The assessment is conducted individually by asset class whenever possible or by cash-generating unit (CGU).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To assess the recoverable amount,&nbsp;ITA&Uacute;
UNIBANCO HOLDING considers the materiality of the assets, except for goodwill, which is evaluated regardless of its amount. The main internal
and external indications which can impact the recoverable amount are: business strategies established by management; obsolescence and/or
disuse of software/hardware; and the macroeconomic, market and regulatory scenario.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Depending on the asset class, the recoverable
amount is estimated using especially the methodologies: Discounted Cash Flow, Multiple and Dividend Flow, using a discount rate that in
general reflects financial and economic variables, such as risk-free interest rate and a risk premium.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The assessment of recoverable amount reflects
the Management&#8217;s best estimate for the expected future cash flows from individual assets or CGU, as the case may be.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised in the assessment
of recoverable amount of non-financial assets are: the choice of the most appropriate methodology, the discount rate and assumptions for
cash inflows and outflows.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XI - Insurance contracts
and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To measure the groups of insurance contracts
and private pension,&nbsp;ITA&Uacute; UNIBANCO HOLDING will use the three measurement approaches below, considering the characteristics
of the contracts:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Standard
Model (Building Block Approach - BBA):</B> insurance contracts without direct participation feature with coverage longer than 1 year or
that are onerous. The Insurance portfolio basically includes Life, Health, Credit Life and Housing, the first two of which are onerous.
The Private Pension portfolio includes Traditional Plans and Death and Disability Risk Coverage Plans, the former being onerous. Insurance
contracts and private pension classified as onerous are not actively sold, and the contractual conditions of the life insurance contracts
in force are different and classified as profitable.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Variable
Fee Approach (VFA):</B> PGBL and VGBL private pension plans, whose contributions are remunerated at the fair value of the investment fund
specially organized in which the funds are invested.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Simplified
Model (Premium Allocation Approach - PAA):</B> insurance contracts and reinsurance contracts held, whose coverage periods are equal to
or less than one year, comprising mainly: Personal Accidents and Protected Card. As these are short-term contracts, Liability for Remaining
Coverage are not discounted at present value. However, the cash flows of Liability for Incurred Claims are discounted at present value
and adjusted to reflect non-financial risks, since they have payments that are made one year after a claim occurs.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To estimate fulfillment cash flows and expected
profitability (contractual service margin),&nbsp;ITA&Uacute; UNIBANCO HOLDING uses actuarial models and assumptions, exercising judgment
mainly to establish: (i) the aggregation of contracts; (ii) the period of service provided; (iii) discount rate; (iv) actuarial calculation
models; (v) risk adjustment for&nbsp;non-financial risk&nbsp;models and confidence levels; (vi) the group's level of profitability; and
(vii) contract coverage unit. The main assumptions used are: (i) inflow assumptions: contributions and premiums; (ii) outflow assumptions:
conversion rates into income, redemptions, cancellation rate and loss ratio; (iii) discount rate; (iv) biometric tables; and (v) risk
adjustment for non-financial risk.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Regarding the assessment components separation
of an insurance contract, the investment component that exists in ITA&Uacute; UNIBANCO HOLDING&#8217;s private pension contracts of is
highly interrelated with the insurance component, that is, the investment component (accumulation phase) is necessary to measure the payments
to be made to the insured party (benefit granting phase).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The assumptions used in the measurement
of insurance contracts and private pension are reviewed periodically and are based on best practices and analysis of the experience of
ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The discount rate used by&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;to bring the projected cash flows from insurance contracts and private pension to present value is obtained by building
a Term Structure of Interest Rates with internal modeling, which represents a set of vertices that contain the expectation of an interest
rate associated with the term of portfolio (or maturity). In addition to considering the characteristics of the indexing units of each
portfolio (IGPM, IPCA and TR), the discount rate has a component that aims at reflecting the differences between the liquidity characteristics
of the financial instruments that substantiate the rates observed in the market and the liquidity characteristics of insurance contracts
(a &#8220;bottom-up&#8221; approach).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Specifically for insurance products, cash
flows are projected using the method known as the run-off triangle on a quarterly basis. For private pension plans, cash flows are projected
based on assumptions applicable to the product.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Risk adjustment for non-financial risk is
obtained by resampling based on claims data with portfolio by grouping, using the Monte Carlo statistical method. Resampling is brought
to present value using the discount rate applied to future cash flows. Based on this, percentiles proportional to the confidence level
are calculated, determined in an interval between 60% and 70%, depending on the group.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Biometric tables represent the probability
of death, survival or disability of an insured party. For&nbsp;death and survival estimates, the latest Brazilian Market Insurer Experience
tables (BR-EMS) are used, adjusted by the criterion of development of longevity expectations of the G Scale, and for the estimates of
entry into disability, the &Aacute;lvaro Vindas table is used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The conversion rate into income reflects
the historical expectation of converting the balances accumulated by insured parties into retirement benefits, and the decision is influenced
by behavioral, economic and tax factors.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XII - Provisions, contingent
assets and contingent liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Provisions and contingent liabilities are
assessed based on the Management&#8217;s best estimates considering the opinion of legal advisors. The accounting treatment of provisions
and contingent liabilities depends on the likelihood of disbursing funds to settle obligations:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Probable:
a provision is recognized.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Possible:
no provision is recognized, and contingent liabilities are disclosed in the Financial Statements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Remote:
no provision is recognized, and contingent liabilities are not disclosed in the Financial Statements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Provisions and contingent liabilities are
estimated in a mass or individualized basis:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Mass
Lawsuits:</B> civil lawsuits and labor claims with similar characteristics, whose individual amounts are not relevant. The expected amount
of the loss is estimated on a monthly basis, according to statistical model. Civil and labor provision and contingencies are adjusted
to the amount of the performance guarantee deposit when it is made. For civil lawsuits, their nature, and characteristics of the court
in which they are being processed (Small Claims Court or Ordinary Court) is observed. For labor claims, the estimated amount is reassessed
considering the court decisions rendered.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Individual
Lawsuits:</B> civil lawsuits, labor claims, tax claims and social security lawsuits with peculiar characteristics or relevant amounts.
For civil lawsuits and labor claims, the expected amount of the loss is periodically estimated, as the case may be, based on the determination
of the amount claimed and the particularities of the lawsuits. The likelihood of loss is assessed according to the characteristics of
facts and points of law regarding that lawsuit. Tax and social security lawsuits are assessed individually and are accounted for at the
amount due.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Assets pledged as guarantees of civil lawsuits,
labor claims, tax claims and social security lawsuits should be conducted in court and are retained until a definitive court decision
is made. Cash deposits, surety insurance, sureties and government securities are offered, and in case of unfavorable decision, the amount
is paid to the counterparty. The amount of judicial deposits is updated in accordance with the regulations in force.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Civil, labor, tax, and social security provisions,
guaranteed by indemnity clauses in privatization and other procedures, in which there is liquidity, are recognized upon judicial notice,
simultaneously with amounts receivable, not having effect on income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised in the measurement
of provisions and contingencies are: assessment of the probability of loss; aggregation of mass lawsuits; selection of the statistical
model for loss assessment; and estimated provisions amount.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Information on provisions and contingencies
for legal proceedings are detailed in Note&nbsp;29.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XIII - Income tax and
social contribution</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The provision for income tax and social
contribution is composed for current taxes, which are recovered or paid during the reporting period, and deferred taxes,&nbsp;represented
by deferred tax assets and liabilities, arising from the differences between the tax bases of assets and liabilities and the amounts reported
at the end of each period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Deferred tax assets may arise from: temporary
differences, which may be deductible in future periods, and income tax losses and social contribution tax loss on net income, which may
be offset in the future.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The expected realization of deferred tax
assets is estimated based on the projection of future taxable profits and other technical studies, observing the history of profitability
for each subsidiary and for the consolidated taken as whole.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main assumptions considered in the projections
of future taxable income&nbsp;are: macroeconomic variables, exchange rates, interest rates, volume of financial operations, service fees,
internal business information, among others, which may present variations in relation to actual data and amounts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments that&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;exercises in recognition of deferred tax assets and liabilities are: identification of deductible and taxable temporary
differences in future periods; and evaluation of the likelihood of the existence of future taxable profit against which the deferred tax
assets may be used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The income tax and social contribution expense
is recognized in the Statement of Income under Income Tax and Social Contribution, except when it refers to items directly recognized
in Other Comprehensive Income, which will be recognized in income upon realization of the gain/loss on the instruments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Changes in tax legislation and rates are
recognized&nbsp;in the period in which they are enacted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In cases where tax treatment of a tax is
uncertain,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;assesses the need for recognizing a provision to cover this uncertainty.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XIV - Post-employment
benefits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;sponsors
post-employment benefit plans for employees in Defined Benefit, Defined Contribution and Variable Contribution modalities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The present value of obligations, net of
fair value of assets, is recognized in the actuarial liabilities according to the characteristics of the plan and actuarial estimates.
When the fair value of the plan assets exceeds the present value of obligations, an asset is recognized, limited to the rights of ITA&Uacute;
UNIBANCO HOLDING.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Actuarial estimates are based on assumptions
of the following nature: (i) demographic: mainly the mortality table; and (ii) financial: the most relevant ones are the projection of
inflation and the discount rate used to determine the present value of the obligations that considers the yields of government securities
and the maturity of respective obligations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Annual remeasurements of the plans are recognized
under Stockholders&#8217; Equity, in other Comprehensive Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main judgments exercised in calculating
the obligation of post-employment benefit plans are: selection of the mortality table and the discount rate.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XV - Share-based payments</B></P>

<P STYLE="font: 10pt/125% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Share-based payments are measured at the
fair value, with recognition in Stockholders&#8217; Equity during the vesting period of the instruments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In case the manager or employee leaves before
the end of the vesting period,&nbsp;ITA&Uacute; UNIBANCO HOLDING exercises judgment on the departure conditions, considering the specificity
of each plan.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The plans are settled with shares and are
made up of variable compensation programs in shares and partner program.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XVI - Treasury shares</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The purchase and sale of common and preferred
shares&nbsp;are recorded in Stockholders&#8217; Equity under Treasury shares at&nbsp;average share price.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The difference between the sale price and
the average price of the treasury shares is accounted for as a reduction or increase in Capital Reserves. The cancellation of treasury
shares is conducted at the average price of shares and its effect is accounted for in Capital Reserves.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XVII - Capital compensation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;compensates
its shareholders with dividends and Interest on Capital. Interest on capital is treated for accounting purposes as a dividend, and it
is presented as a reduction of Stockholders' Equity in the Consolidated Financial Statements.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Dividends are calculated and paid on the
basis of the financial statements prepared under Brazilian accounting standards.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Minimum dividend amounts ascertained based
on percentages established in the bylaws are recorded as liabilities. Any other amount above the mandatory minimum dividend is accounted
for as a liability when approved by of the Board of Directors.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Dividends and interest on capital are presented
in Note&nbsp;19.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XVIII - Commissions and
banking fees</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Commissions and Banking Fees are recognized
when&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;provides or offers services to customers, in an amount that reflects the consideration&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;expects to collect in exchange for those services. Incremental costs, when material, are recognized in assets and
appropriated in income according to the expected term of the contract.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Service revenues related to credit cards,
debit, current account and economic, financial and brokerage advisory are recognized when said services are provided.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Revenue from certain services, such as fees
from funds management, collection and custody, are recognized over the life of the respective agreements, as services are provided.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;exercises
judgment to identify whether the performance obligation is satisfied over the life of the contract or at the time the service is provided.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 3 - Business development</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Banco Ita&uacute; Chile</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING began controlling
Banco Ita&uacute; Chile (ITA&Uacute; CHILE) on April 1<SUP>st</SUP>, 2016. On the same date, ITA&Uacute; UNIBANCO HOLDING entered into
a shareholders&#8217; agreement with Corp Group, which set forth, among others, the right of ITA&Uacute; UNIBANCO HOLDING and Corp Group
to appoint members for the Board of Directors of ITA&Uacute; CHILE in accordance with their interests in capital stock, and this group
of shareholders had the right to appoint the majority of members of the Board of Directors of ITA&Uacute; CHILE and ITA&Uacute; UNIBANCO
HOLDING had the right to appoint the majority of members elected by this block.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On July 14, 2022, ITA&Uacute; UNIBANCO HOLDING
received, through its affiliates, shares issued by ITA&Uacute; CHILE within the scope of the debt restructuring of companies of the Corp
Group, as approved by the court-supervised reorganization proceeding in the United States (Chapter 11). Thus, there was an increase in
ITA&Uacute; UNIBANCO HOLDING&#8217;s ownership interest which resulted in holding 65.62% and the stockholders&#8217; agreement of ITA&Uacute;
CHILE was fully terminated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Between June 6 and July 5, 2023, ITA&Uacute;
UNIBANCO HOLDING carried out a voluntary public offering for the acquisition of outstanding shares issued by ITA&Uacute; CHILE, including
those in the form of American Depositary Shares (ADS), in Chile and the United States of America.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Shareholders holding shares representing
approximately 1.07% of ITA&Uacute; CHILE&#8217;s capital adhered to the voluntary public offering, where 2,122,994 shares and 554,650
ADS (equivalent to 184,883 shares) were acquired through its subsidiary ITB Holding Brasil Participa&ccedil;&otilde;es Ltda., and, after
the acquisitions, ITA&Uacute; UNIBANCO HOLDING now holds 66.69% of the ITA&Uacute; CHILE&#8217;s capital.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisitions occurred on July
08, 2023, and the financial settlements on July 13, 2023, for the amount of R$ 119 (CLP 19,617 million).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Between November 13 and 22, 2023, ITA&Uacute;
UNIBANCO HOLDING, through its subsidiary ITB Holding Brasil Participa&ccedil;&otilde;es Ltda., acquired additional ownership interest
of 0.73% (1,584,110 shares), then holding 67.42% of the capital of ITA&Uacute; CHILE. Financial settlements occurred between the period
from November 15 to 24, 2023 for the total amount of R$ 74 (CLP 13,395 million).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: white"><B>Ita&uacute;
Colombia S.A.</B></FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: white">ITA&Uacute;
UNIBANCO HOLDING, through its subsidiaries ITA&Uacute; CHILE and Ita&uacute; Holding Colombia S.A.S.,&nbsp;acquired additional ownership
interest of 12.36% (93,306,684 shares) in Ita&uacute;&nbsp;Colombia S.A.'s capital for the amount of R$ 2,219, then holding 65.27% in
2022. In 2023, ITA&Uacute; UNIBANCO HOLDING indirectly increased its ownership interest by 1.79%, through the increase in the ownership
interest of ITA&Uacute; CHILE, then holding 67.06%.</FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: white">The
effective acquisitions and financial settlements occurred on February&nbsp;22, 2022, after obtaining the regulatory authorizations.</FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Non-controlling interest in XP Inc.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During 2020 and 2021, ITA&Uacute; UNIBANCO
HOLDING carried out the partial spin-off of the investment held in XP Inc. (XP INC) to a new company (XPart S.A.) which was subsequently
merged into XP INC on October 1, 2021.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On April 29, 2022, as set forth in the original
agreement entered into in May 2017 and after approval by BACEN and regulatory bodies abroad, ITA&Uacute; UNIBANCO HOLDING, through its
subsidiary ITB Holding Brasil Participa&ccedil;&otilde;es Ltda., acquired a minority interest equivalent to 11.36% of XP INC&#8217;s capital,
for the amount of R$ 8,015, and these shares were designated at Fair Value through Other Comprehensive Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On June 7 and 9, 2022, shares were sold
equivalent to 1.40% of XP INC&#8217;s capital, for the amount of R$ 867 and their fair value of R$ 901.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In April 2023,&nbsp;XP INC cancelled treasury
shares, resulting in an increase in&nbsp;ITA&Uacute; UNIBANCO HOLDING's ownership interest to 10.54% of&nbsp;XP INC's capital.&nbsp;And,
on June 26, 2023, shares equivalent to&nbsp;1.89% of the&nbsp;XP&nbsp;INC's capital were sold for the amount of R$ 1,068&nbsp;and their
fair value of R$ 1,121,&nbsp;then holding 8.65% of&nbsp;interest in XP INC.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">After dilution of 0.30% in ITA&Uacute; UNIBANCO
HOLDING&#8217;s interest in XP INC&#8217;s capital occurred in July 2023, on September 13, 2023, shares equivalent to&nbsp;0.56% of XP
INC&#8217;s capital were sold for the amount of R$ 375&nbsp;and their fair value of R$ 387,&nbsp;then holding&nbsp;7.79%&nbsp;of interest
in XP INC.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Acquisition of Ideal Holding Financeira S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On January&nbsp;13, 2022,&nbsp;ITA&Uacute;
UNIBANCO HOLDING, through its subsidiary&nbsp;Ita&uacute; Corretora de Valores S.A., entered into a purchase and sale agreement of up
to 100% of capital of Ideal Holding Financeira S.A. (IDEAL). The purchase will be carried out in two phases over five years. In the first
phase,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;acquired 50.1% of IDEAL&#8217;s total voting capital for R$ 700, starting to hold&nbsp;control
of the company. In the second phase, after five years,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;may exercise the right to purchase the remaining
ownership interest, in order to reach 100% of IDEAL&#8217;s capital.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">IDEAL is a 100% digital broker and currently
offers electronic trading and DMA (direct market access) solutions, within a flexible and cloud-based platform.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The management and development of IDEAL's
business will continue to be autonomous in relation to ITA&Uacute; UNIBANCO HOLDING, according to the terms and conditions of the Shareholders'
Agreement for this transaction and&nbsp;ITA&Uacute; UNIBANCO HOLDING will not have exclusivity in the provision of services.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisitions and financial
settlements occured on March 31, 2023,&nbsp;after the required regulatory approvals are received.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Zup I.T. Servi&ccedil;os em Tecnologia e Inova&ccedil;&atilde;o
S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING, through its
subsidiary Redecard Institui&ccedil;&atilde;o de Pagamento S.A. (REDE), acquired, in the period, an additional ownership interest of&nbsp;20.57%
(2,228,342 shares) in the capital of Zup I.T. Servi&ccedil;os em Tecnologia e Inova&ccedil;&atilde;o S.A. (ZUP) for the amount of R$ 199.
The purchase and sale agreement,&nbsp;entered into on October 31,&nbsp;2019, sets forth the acquisition of 100% of the ZUP's capital in
three phases; the first phase, which granted the control acquisition, was performed in March 2020. After the acquisitions in the period,&nbsp;ITA&Uacute;
UNIBANCO HOLDING's final ownership interest in ZUP's total capital is 72.51%. The last phase is scheduled for 2024.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisitions and financial
settlements occurred on May 31 and June 14, 2023, after the necessary regulatory authorizations were obtained.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Totvs Techfin S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On April 12, 2022, ITA&Uacute; UNIBANCO
HOLDING, through its subsidiary Ita&uacute; Unibanco S.A., with TOTVS S.A. (TOTVS) entered into an agreement for the organization of a
joint venture,&nbsp;called Totvs Techfin S.A. (TECHFIN), which will combine technology and financial solutions, adding the supplementary
expertise of the partners to provide corporate clients with, in an expeditious and integrated manner, the best experiences in buying products
directly from the platforms already offered by TOTVS.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">TOTVS contributed with assets of its current
TECHFIN operation to a company of which ITA&Uacute; UNIBANCO HOLDING became a partner with a 50% ownership interest in capital, and each
partner may appoint half of the members of the Board of Directors and the Executive Board.&nbsp;For the ownership interest, ITA&Uacute;
UNIBANCO HOLDING paid TOTVS the amount of R$ 610 and, as a complementary price (earn-out), it will pay up to R$ 450 after five years upon
achievement of goals aligned with the growth and performance purposes.&nbsp;Additionally, ITA&Uacute; UNIBANCO HOLDING will contribute
the funding commitment for current and future operations, credit expertise and development of new products at TECHFIN.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisition and financial
settlement occurred on July 31, 2023, after the required regulatory approvals.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Banco Ita&uacute; Argentina S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">After obtaining the authorization of the
Central Bank of the Argentine Republic on November 2, 2023, ITA&Uacute; UNIBANCO HOLDING, through Ita&uacute; Unibanco S.A., consummated
the operation for disposing of the totality of their shares held in&nbsp;Banco Ita&uacute; Argentina S.A. and its controlled companies
to Banco Macro S.A.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On November 3, 2023, ITA&Uacute; UNIBANCO
HOLDING received from Banco Macro S.A., for the completion of the transaction, the approximate amount of&nbsp;R$ 253&nbsp;(US$&nbsp;50&nbsp;million),
thus generating an impact on the result of the third quarter of 2023 of R$ (1,211).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Avenue Holding Cayman Ltd</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On July 08, 2022, ITA&Uacute; UNIBANCO HOLDING
entered into a share purchase agreement with Avenue Controle Cayman Ltd and other selling stockholders for the acquisition of control
of Avenue Holding Cayman Ltd (AVENUE). The purchase will be carried out in three phases over five years. In the first phase, ITA&Uacute;
UNIBANCO HOLDING, through its subsidiary ITB Holding Brasil Participa&ccedil;&otilde;es Ltda., acquired 35% of AVENUE&#8217;s capital,
which became a joint venture, for approximately R$ 563. In the second phase, after two years, ITA&Uacute; UNIBANCO HOLDING will acquire
additional ownership interest of 15.1%, then holding control with 50.1% of AVENUE&#8217;s capital. After five years of the first phase,
ITA&Uacute; UNIBANCO HOLDING may exercise a call option for the remaining ownership interest.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">AVENUE holds a U.S. digital securities broker
aimed to democratize the access of Brazilian investors to the international market.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Regulatory approvals were completed on October
31, 2023, and the process for the acquisition and financial settlement occurred on November 30, 2023.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 4 - Interbank deposits
and securities purchased under agreements to resell</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; background-color: white">12/31/2023</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; background-color: white">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; background-color: white; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Total</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; background-color: white">Securities purchased under agreements to resell</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">238,227</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">81</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">238,308</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">221,726</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">50</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">221,776</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; background-color: white">Collateral held</TD>
    <TD STYLE="text-align: right; background-color: white">79,577</TD>
    <TD STYLE="text-align: right; background-color: white">23</TD>
    <TD STYLE="text-align: right; background-color: white">79,600</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">69,870</TD>
    <TD STYLE="text-align: right; background-color: white">50</TD>
    <TD STYLE="text-align: right; background-color: white">69,920</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; background-color: white">Collateral repledge</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">125,753</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">58</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">125,811</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">128,542</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">128,542</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; background-color: white">Assets received as collateral with right to sell or repledge</TD>
    <TD STYLE="text-align: right; background-color: white">3,733</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">3,733</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">14,846</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">14,846</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; background-color: white">Assets received as collateral without right to sell or repledge</TD>
    <TD STYLE="text-align: right; background-color: white">122,020</TD>
    <TD STYLE="text-align: right; background-color: white">58</TD>
    <TD STYLE="text-align: right; background-color: white">122,078</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">113,696</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">113,696</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; background-color: white">Collateral sold</TD>
    <TD STYLE="text-align: right; background-color: white">32,897</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">32,897</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">23,314</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">23,314</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="background-color: white">Interbank deposits</TD>
    <TD STYLE="text-align: right; background-color: white">43,857</TD>
    <TD STYLE="text-align: right; background-color: white">7,143</TD>
    <TD STYLE="text-align: right; background-color: white">51,000</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">56,672</TD>
    <TD STYLE="text-align: right; background-color: white">2,914</TD>
    <TD STYLE="text-align: right; background-color: white">59,586</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; background-color: white">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">282,084</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">7,224</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">289,308</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">278,398</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">2,964</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">281,362</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In Securities purchased under agreements
to resell, the amounts of R$ 9,008 (R$ 14,576 at 12/31/2022) are pledged in guarantee of operations on B3 S.A. - Brasil, Bolsa, Balc&atilde;o
(B3) and Central Bank of Brazil and the amounts of&nbsp;R$ 158,708&nbsp;(R$ 151,856 at 12/31/2022) are pledged in guarantee of repurchase
commitment transactions.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">In the total portfolio, includes losses in the amounts of R$
(20) (R$ (9) at 12/31/2022).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 5 - Financial assets
at fair value through profit or loss and designated at fair value through profit or loss - Securities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on financial assets
and liabilities is presented in Note&nbsp;2c IV.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Financial assets at
fair value through profit or loss - Securities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 37%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Investment funds</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,041</TD>
    <TD STYLE="font-weight: bold; text-align: right">(471)</TD>
    <TD STYLE="font-weight: bold; text-align: right">26,570</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">33,011</TD>
    <TD STYLE="font-weight: bold; text-align: right">(520)</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,491</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">340,818</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,274</TD>
    <TD STYLE="font-weight: bold; text-align: right">342,092</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">230,924</TD>
    <TD STYLE="font-weight: bold; text-align: right">(572)</TD>
    <TD STYLE="font-weight: bold; text-align: right">230,352</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Government securities &ndash; Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,854</TD>
    <TD STYLE="font-weight: bold; text-align: right">21</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,875</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,484</TD>
    <TD STYLE="font-weight: bold; text-align: right">5</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,489</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Government securities &ndash; Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,599</TD>
    <TD STYLE="font-weight: bold; text-align: right">(37)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,562</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,523</TD>
    <TD STYLE="font-weight: bold; text-align: right">5</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,528</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">141,467</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,814)</TD>
    <TD STYLE="font-weight: bold; text-align: right">137,653</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">117,572</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,893)</TD>
    <TD STYLE="font-weight: bold; text-align: right">112,679</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Shares</TD>
    <TD STYLE="text-align: right">27,844</TD>
    <TD STYLE="text-align: right">(1,309)</TD>
    <TD STYLE="text-align: right">26,535</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">16,931</TD>
    <TD STYLE="text-align: right">(1,394)</TD>
    <TD STYLE="text-align: right">15,537</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Rural product note</TD>
    <TD STYLE="text-align: right">4,192</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">4,203</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">2,484</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">2,517</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">128</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">128</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">360</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">1,655</TD>
    <TD STYLE="text-align: right">(64)</TD>
    <TD STYLE="text-align: right">1,591</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">1,580</TD>
    <TD STYLE="text-align: right">(100)</TD>
    <TD STYLE="text-align: right">1,480</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Debentures</TD>
    <TD STYLE="text-align: right">79,026</TD>
    <TD STYLE="text-align: right">(2,478)</TD>
    <TD STYLE="text-align: right">76,548</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">66,223</TD>
    <TD STYLE="text-align: right">(3,281)</TD>
    <TD STYLE="text-align: right">62,942</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">2,460</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">2,464</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">4,499</TD>
    <TD STYLE="text-align: right">(126)</TD>
    <TD STYLE="text-align: right">4,373</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial bills</TD>
    <TD STYLE="text-align: right">22,552</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">22,552</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">19,409</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">19,378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">2,611</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">2,602</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">3,888</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">3,900</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">999</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">31</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,030</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,198</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,192</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">514,779</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(3,027)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">511,752</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">389,514</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(5,975)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">383,539</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Securities&nbsp;pledged as Guarantee
of Funding of Financial Institutions and Customers and Post-employment benefits (Note 26b), are: a) Brazilian government securities R$
118,798 (R$ 45,746&nbsp;at 12/31/2022), b) Government securities - Latin America R$ 87 (R$ 317 at 12/31/2022), c) Government securities
- Abroad R$ 0 (R$ 0 at 12/31/2022)&nbsp;and d) Corporate securities R$ 11,788 (R$ 14,199 at 12/31/2022), totaling R$ 130,673 (R$ 60,262
at 12/31/2022).&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="padding-bottom: 9pt; border-bottom: black 1pt solid; text-align: justify">The cost and fair value per maturity of Financial Assets at Fair Value Through Profit or Loss - Securities were as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 38%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 16%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 16%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right">129,409</TD>
    <TD STYLE="font-weight: bold; text-align: right">127,597</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">147,563</TD>
    <TD STYLE="font-weight: bold; text-align: right">145,722</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Non-stated maturity</TD>
    <TD STYLE="text-align: right">44,899</TD>
    <TD STYLE="text-align: right">43,119</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,137</TD>
    <TD STYLE="text-align: right">37,223</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to one year</TD>
    <TD STYLE="text-align: right">84,510</TD>
    <TD STYLE="text-align: right">84,478</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">108,426</TD>
    <TD STYLE="text-align: right">108,499</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right">385,370</TD>
    <TD STYLE="font-weight: bold; text-align: right">384,155</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">241,951</TD>
    <TD STYLE="font-weight: bold; text-align: right">237,817</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From one to five years</TD>
    <TD STYLE="text-align: right">289,917</TD>
    <TD STYLE="text-align: right">289,490</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">170,372</TD>
    <TD STYLE="text-align: right">169,113</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From five to ten years</TD>
    <TD STYLE="text-align: right">62,474</TD>
    <TD STYLE="text-align: right">62,451</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,186</TD>
    <TD STYLE="text-align: right">47,916</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">After ten years</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">32,979</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">32,214</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">22,393</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">20,788</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">514,779</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">511,752</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">389,514</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">383,539</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">Financial assets at fair value through
profit or loss - Securities include assets with a fair value of R$ 253,287 (R$ 216,467 at 12/31/2022) that belong to investment funds
wholly owned by Ita&uacute; Vida e Previd&ecirc;ncia S.A. The return of those assets (positive or negative) is fully transferred to customers
of our PGBL and VGBL private pension plans whose premiums (net of fees) are used by our subsidiary to purchase quotas of those investment
funds.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Financial assets designated
at fair value through profit or loss - Securities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Cost</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Brazilian government securities</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD COLSPAN="3" STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: center">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total</TD>
    <TD STYLE="color: white; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400; color: white">1</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; font-weight: bold; text-align: center">-</TD>
    <TD COLSPAN="3" STYLE="border-top: black 0.5pt solid; font-weight: bold; text-align: center">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; font-weight: bold; text-align: center">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Cost</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Brazilian government securities</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">1,505</TD>
    <TD COLSPAN="3" STYLE="text-align: center">55</TD>
    <TD STYLE="text-align: center">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">1,505</TD>
    <TD COLSPAN="3" STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">55</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">The cost and fair value by maturity of financial assets designated as fair value through profit or loss - Securities were as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid">01/01/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="text-align: center; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-bottom: black 0.5pt solid; width: 47%">01/01/2022</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 12%">Cost</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Fair Value</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Cost</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Fair Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">-</TD>
    <TD STYLE="font-weight: bold; text-align: center">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">1,505</TD>
    <TD STYLE="font-weight: bold; text-align: center">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to one year</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">1,505</TD>
    <TD STYLE="text-align: center">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">-</TD>
    <TD STYLE="text-align: center; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">1,505</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">1,560</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 6 - Derivatives</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;trades
in derivative financial instruments with various counterparties to manage its overall exposures and to assist its customers in managing
their own exposures.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Futures -</B> Interest rate and foreign
currency futures contracts are commitments to buy or sell a financial instrument at a future date, at an agreed price or yield, and may
be settled in cash or through delivery. The notional amount represents the face value of the underlying instrument. Commodity futures
contracts or financial instruments are commitments to buy or sell commodities (mainly gold, coffee and orange juice) on a future date,
at an agreed price, which are settled in cash. The notional amount represents the quantity of such commodities multiplied by the future
price on the contract date. Daily cash settlements of price movements are made for all instruments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Forwards -&nbsp;</B>Interest rate forward
contracts are agreements to exchange payments on a specified future date, based on the variation in market interest rates from trade date
to contract settlement date. Foreign exchange forward contracts represent agreements to exchange the currency of one country for the currency
of another at an agreed price, on an agreed settlement date. Financial instrument forward contracts are commitments to buy or sell a financial
instrument on a future date at an agreed price and are settled in cash.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Swaps -</B> Interest rate and foreign
exchange swap contracts are commitments to settle in cash on a future date or dates the differentials between two specific financial indices
(either two different interest rates in a single currency or two different rates each in a different currency), as applied to a notional
principal amount. Swap contracts shown under Other in the table below correspond substantially to inflation rate swap contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Options - </B>Option contracts give the
purchaser, for a fee, the right, but not the obligation, to buy or sell a financial instrument within a limited time, including a flow
of interest, foreign currencies, commodities, or financial instruments at an agreed price that may also be settled in cash, based on the
differential between specific indices.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Credit Derivatives -</B>&nbsp;Credit
derivatives are financial instruments with value deriving from the credit risk on debt issued by a third party (the reference entity),
which permit one party (the buyer of the hedge) to transfer the risk to the counterparty (the seller of the hedge). The seller of the
hedge must pay out as provided for in the contract if the reference entity undergoes a credit event, such as bankruptcy, default or debt
restructuring. The seller of the hedge receives a premium for the hedge but, on the other hand, assumes the risk that the underlying instrument
referenced in the contract undergoes a credit event, and the seller may have to make payment to the purchaser of the hedge for up to the
notional amount of the credit derivative.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The total value of margins pledged in guarantee
by&nbsp;ITA&Uacute; UNIBANCO HOLDING was&nbsp;R$ 24,812&nbsp;(R$ 13,504&nbsp;at 12/31/2022) and was basically composed of government securities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Further information on parameters used to
manage risks, may be found in Note&nbsp;32 &#8211; Risk and Capital Management.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Derivatives Summary</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="padding-bottom: 9pt; text-align: justify">See below the composition of the Derivative financial instruments portfolio (assets and liabilities) by type of instrument, stated fair value and maturity date.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Fair value</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 6%">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">0-30</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">31-90</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">91-180</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">181-365</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">366-720</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">37,957</TD>
    <TD STYLE="text-align: right">68.7%</TD>
    <TD STYLE="text-align: right">4,310</TD>
    <TD STYLE="text-align: right">1,063</TD>
    <TD STYLE="text-align: right">1,177</TD>
    <TD STYLE="text-align: right">2,915</TD>
    <TD STYLE="text-align: right">7,921</TD>
    <TD STYLE="text-align: right">20,571</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">7,718</TD>
    <TD STYLE="text-align: right">14.0%</TD>
    <TD STYLE="text-align: right">1,374</TD>
    <TD STYLE="text-align: right">3,095</TD>
    <TD STYLE="text-align: right">675</TD>
    <TD STYLE="text-align: right">1,638</TD>
    <TD STYLE="text-align: right">710</TD>
    <TD STYLE="text-align: right">226</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">3,274</TD>
    <TD STYLE="text-align: right">5.9%</TD>
    <TD STYLE="text-align: right">3,129</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">282</TD>
    <TD STYLE="text-align: right">0.5%</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right">191</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">5,378</TD>
    <TD STYLE="text-align: right">9.7%</TD>
    <TD STYLE="text-align: right">1,048</TD>
    <TD STYLE="text-align: right">1,191</TD>
    <TD STYLE="text-align: right">1,025</TD>
    <TD STYLE="text-align: right">1,032</TD>
    <TD STYLE="text-align: right">789</TD>
    <TD STYLE="text-align: right">293</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">642</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1.2%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">464</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">154</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,251</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,327</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,436</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,921</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,613</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,500</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,454</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">18.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">9.8%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5.3%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">17.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">38.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31-90</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">91-180</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">181-365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">366-720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash; adjustment payable</TD>
    <TD STYLE="text-align: right">(35,741)</TD>
    <TD STYLE="text-align: right">63.8%</TD>
    <TD STYLE="text-align: right">(3,231)</TD>
    <TD STYLE="text-align: right">(745)</TD>
    <TD STYLE="text-align: right">(1,245)</TD>
    <TD STYLE="text-align: right">(2,074)</TD>
    <TD STYLE="text-align: right">(6,476)</TD>
    <TD STYLE="text-align: right">(21,970)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">(8,972)</TD>
    <TD STYLE="text-align: right">20.4%</TD>
    <TD STYLE="text-align: right">(903)</TD>
    <TD STYLE="text-align: right">(775)</TD>
    <TD STYLE="text-align: right">(1,542)</TD>
    <TD STYLE="text-align: right">(4,693)</TD>
    <TD STYLE="text-align: right">(595)</TD>
    <TD STYLE="text-align: right">(464)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">(2,982)</TD>
    <TD STYLE="text-align: right">5.3%</TD>
    <TD STYLE="text-align: right">(2,965)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(16)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">(149)</TD>
    <TD STYLE="text-align: right">0.5%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">(114)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">(4,478)</TD>
    <TD STYLE="text-align: right">9.6%</TD>
    <TD STYLE="text-align: right">(887)</TD>
    <TD STYLE="text-align: right">(812)</TD>
    <TD STYLE="text-align: right">(1,037)</TD>
    <TD STYLE="text-align: right">(1,027)</TD>
    <TD STYLE="text-align: right">(443)</TD>
    <TD STYLE="text-align: right">(272)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(153)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.4%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(2)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(2)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(135)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(52,475)</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,988)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,336)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,829)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,798)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,553)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(22,971)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">15.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">4.5%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">7.3%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">14.9%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">14.4%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">43.7%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 6%">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">0-30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">31-90</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">91-180</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">181-365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">366-720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">46,902</TD>
    <TD STYLE="text-align: right">59.9%</TD>
    <TD STYLE="text-align: right">4,866</TD>
    <TD STYLE="text-align: right">1,022</TD>
    <TD STYLE="text-align: right">1,635</TD>
    <TD STYLE="text-align: right">2,842</TD>
    <TD STYLE="text-align: right">8,261</TD>
    <TD STYLE="text-align: right">28,276</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">23,671</TD>
    <TD STYLE="text-align: right">30.3%</TD>
    <TD STYLE="text-align: right">15,610</TD>
    <TD STYLE="text-align: right">923</TD>
    <TD STYLE="text-align: right">1,443</TD>
    <TD STYLE="text-align: right">4,283</TD>
    <TD STYLE="text-align: right">802</TD>
    <TD STYLE="text-align: right">610</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">601</TD>
    <TD STYLE="text-align: right">0.8%</TD>
    <TD STYLE="text-align: right">460</TD>
    <TD STYLE="text-align: right">74</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">492</TD>
    <TD STYLE="text-align: right">0.6%</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">461</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">6,140</TD>
    <TD STYLE="text-align: right">7.9%</TD>
    <TD STYLE="text-align: right">1,632</TD>
    <TD STYLE="text-align: right">1,095</TD>
    <TD STYLE="text-align: right">926</TD>
    <TD STYLE="text-align: right">1,220</TD>
    <TD STYLE="text-align: right">995</TD>
    <TD STYLE="text-align: right">272</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">402</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.5%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">28</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">26</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">341</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,208</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,572</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,142</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,073</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,362</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,093</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,966</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">28.9%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">4.0%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">12.9%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">38.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31-90</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">91-180</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">181-365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">366-720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash;&nbsp;&nbsp;adjustment payable</TD>
    <TD STYLE="text-align: right">(39,068)</TD>
    <TD STYLE="text-align: right">50.8%</TD>
    <TD STYLE="text-align: right">(2,835)</TD>
    <TD STYLE="text-align: right">(881)</TD>
    <TD STYLE="text-align: right">(1,241)</TD>
    <TD STYLE="text-align: right">(2,992)</TD>
    <TD STYLE="text-align: right">(7,344)</TD>
    <TD STYLE="text-align: right">(23,775)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">(29,882)</TD>
    <TD STYLE="text-align: right">38.9%</TD>
    <TD STYLE="text-align: right">(3,221)</TD>
    <TD STYLE="text-align: right">(2,973)</TD>
    <TD STYLE="text-align: right">(9,214)</TD>
    <TD STYLE="text-align: right">(12,900)</TD>
    <TD STYLE="text-align: right">(901)</TD>
    <TD STYLE="text-align: right">(673)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">0.1%</TD>
    <TD STYLE="text-align: right">(55)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">(604)</TD>
    <TD STYLE="text-align: right">0.8%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(594)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">(6,626)</TD>
    <TD STYLE="text-align: right">8.6%</TD>
    <TD STYLE="text-align: right">(1,672)</TD>
    <TD STYLE="text-align: right">(1,722)</TD>
    <TD STYLE="text-align: right">(863)</TD>
    <TD STYLE="text-align: right">(1,213)</TD>
    <TD STYLE="text-align: right">(707)</TD>
    <TD STYLE="text-align: right">(449)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(616)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.8%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(219)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(37)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(12)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(53)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(97)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(198)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,861)</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,002)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,618)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,332)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,164)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,056)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(25,689)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.4%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">7.3%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">14.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">22.3%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.8%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">33.5%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">The portfolio comprises R$ 119&nbsp;(R$ 24 at 12/31/2022) pegged
to&nbsp;Libor.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Derivatives by index
and Risk Factor</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">Off-balance sheet / notional amount</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 16%">Balance sheet account receivable / (received) (payable) / paid</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">Adjustment to fair value (in income / stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">844,005</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">267,803</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,721</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Commodities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">774</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">236,105</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">24,203</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">576,202</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,580</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,982</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">547,150</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,490</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Swap contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">230</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,986</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,216</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,396,474</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,890</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,067</TD>
    <TD STYLE="font-weight: bold; text-align: right">37,957</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">369</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">708</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,213,528</TD>
    <TD STYLE="text-align: right">17,807</TD>
    <TD STYLE="text-align: right">15,079</TD>
    <TD STYLE="text-align: right">32,886</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">181,869</TD>
    <TD STYLE="text-align: right">2,057</TD>
    <TD STYLE="text-align: right">2,981</TD>
    <TD STYLE="text-align: right">5,038</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,396,474</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,660)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16,081)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35,741)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,416</TD>
    <TD STYLE="text-align: right">(612)</TD>
    <TD STYLE="text-align: right">405</TD>
    <TD STYLE="text-align: right">(207)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,088</TD>
    <TD STYLE="text-align: right">(37)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">(33)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,175,623</TD>
    <TD STYLE="text-align: right">(17,168)</TD>
    <TD STYLE="text-align: right">(13,225)</TD>
    <TD STYLE="text-align: right">(30,393)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">215,347</TD>
    <TD STYLE="text-align: right">(1,843)</TD>
    <TD STYLE="text-align: right">(3,265)</TD>
    <TD STYLE="text-align: right">(5,108)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Option contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,648,851</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,005)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(249)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,254)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">226,918</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,313</TD>
    <TD STYLE="font-weight: bold; text-align: right">688</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">42,955</TD>
    <TD STYLE="text-align: right">3,072</TD>
    <TD STYLE="text-align: right">1,529</TD>
    <TD STYLE="text-align: right">4,601</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,130</TD>
    <TD STYLE="text-align: right">280</TD>
    <TD STYLE="text-align: right">(123)</TD>
    <TD STYLE="text-align: right">157</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">146,915</TD>
    <TD STYLE="text-align: right">241</TD>
    <TD STYLE="text-align: right">(103)</TD>
    <TD STYLE="text-align: right">138</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,918</TD>
    <TD STYLE="text-align: right">720</TD>
    <TD STYLE="text-align: right">(615)</TD>
    <TD STYLE="text-align: right">105</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">588,977</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,364</TD>
    <TD STYLE="font-weight: bold; text-align: right">(647)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,717</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">45,623</TD>
    <TD STYLE="text-align: right">2,332</TD>
    <TD STYLE="text-align: right">(887)</TD>
    <TD STYLE="text-align: right">1,445</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,409</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">521,735</TD>
    <TD STYLE="text-align: right">306</TD>
    <TD STYLE="text-align: right">74</TD>
    <TD STYLE="text-align: right">380</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20,210</TD>
    <TD STYLE="text-align: right">671</TD>
    <TD STYLE="text-align: right">161</TD>
    <TD STYLE="text-align: right">832</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">212,969</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,679)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(447)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,126)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">41,220</TD>
    <TD STYLE="text-align: right">(2,905)</TD>
    <TD STYLE="text-align: right">(1,048)</TD>
    <TD STYLE="text-align: right">(3,953)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,799</TD>
    <TD STYLE="text-align: right">(79)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(81)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">140,310</TD>
    <TD STYLE="text-align: right">(1,001)</TD>
    <TD STYLE="text-align: right">123</TD>
    <TD STYLE="text-align: right">(878)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,640</TD>
    <TD STYLE="text-align: right">(694)</TD>
    <TD STYLE="text-align: right">480</TD>
    <TD STYLE="text-align: right">(214)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">619,987</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,003)</TD>
    <TD STYLE="font-weight: bold; text-align: right">157</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,846)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">46,400</TD>
    <TD STYLE="text-align: right">(2,776)</TD>
    <TD STYLE="text-align: right">653</TD>
    <TD STYLE="text-align: right">(2,123)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,947</TD>
    <TD STYLE="text-align: right">(122)</TD>
    <TD STYLE="text-align: right">(48)</TD>
    <TD STYLE="text-align: right">(170)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">545,656</TD>
    <TD STYLE="text-align: right">(340)</TD>
    <TD STYLE="text-align: right">(51)</TD>
    <TD STYLE="text-align: right">(391)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">24,984</TD>
    <TD STYLE="text-align: right">(765)</TD>
    <TD STYLE="text-align: right">(397)</TD>
    <TD STYLE="text-align: right">(1,162)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Forward operations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,022</TD>
    <TD STYLE="font-weight: bold; text-align: right">290</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">292</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,533</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,602</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,600</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,495</TD>
    <TD STYLE="text-align: right">2,564</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,564</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases payable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,511)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,511)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(16)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2,495)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2,495)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,869</TD>
    <TD STYLE="font-weight: bold; text-align: right">671</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">674</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">225</TD>
    <TD STYLE="text-align: right">223</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">223</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">432</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">432</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,627</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales deliverable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">620</TD>
    <TD STYLE="font-weight: bold; text-align: right">(472)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1</TD>
    <TD STYLE="font-weight: bold; text-align: right">(471)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">431</TD>
    <TD STYLE="text-align: right">(472)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(471)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">189</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Credit derivatives</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">53,033</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17)</TD>
    <TD STYLE="font-weight: bold; text-align: right">150</TD>
    <TD STYLE="font-weight: bold; text-align: right">133</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">38,069</TD>
    <TD STYLE="font-weight: bold; text-align: right">(196)</TD>
    <TD STYLE="font-weight: bold; text-align: right">478</TD>
    <TD STYLE="font-weight: bold; text-align: right">282</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,255</TD>
    <TD STYLE="text-align: right">69</TD>
    <TD STYLE="text-align: right">75</TD>
    <TD STYLE="text-align: right">144</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,799</TD>
    <TD STYLE="text-align: right">(265)</TD>
    <TD STYLE="text-align: right">403</TD>
    <TD STYLE="text-align: right">138</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,964</TD>
    <TD STYLE="font-weight: bold; text-align: right">179</TD>
    <TD STYLE="font-weight: bold; text-align: right">(328)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(149)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,347</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,616</TD>
    <TD STYLE="text-align: right">197</TD>
    <TD STYLE="text-align: right">(316)</TD>
    <TD STYLE="text-align: right">(119)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">316,620</TD>
    <TD STYLE="font-weight: bold; text-align: right">682</TD>
    <TD STYLE="font-weight: bold; text-align: right">218</TD>
    <TD STYLE="font-weight: bold; text-align: right">900</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">175,223</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,769</TD>
    <TD STYLE="font-weight: bold; text-align: right">609</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,406</TD>
    <TD STYLE="text-align: right">269</TD>
    <TD STYLE="text-align: right">(45)</TD>
    <TD STYLE="text-align: right">224</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">172,817</TD>
    <TD STYLE="text-align: right">4,500</TD>
    <TD STYLE="text-align: right">654</TD>
    <TD STYLE="text-align: right">5,154</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">141,397</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,087)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(391)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,478)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,734</TD>
    <TD STYLE="text-align: right">(134)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(146)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">138,663</TD>
    <TD STYLE="text-align: right">(3,953)</TD>
    <TD STYLE="text-align: right">(379)</TD>
    <TD STYLE="text-align: right">(4,332)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other derivative financial instruments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,415</TD>
    <TD STYLE="font-weight: bold; text-align: right">180</TD>
    <TD STYLE="font-weight: bold; text-align: right">309</TD>
    <TD STYLE="font-weight: bold; text-align: right">489</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,279</TD>
    <TD STYLE="font-weight: bold; text-align: right">188</TD>
    <TD STYLE="font-weight: bold; text-align: right">454</TD>
    <TD STYLE="font-weight: bold; text-align: right">642</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">855</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">196</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,194</TD>
    <TD STYLE="text-align: right">188</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD STYLE="text-align: right">155</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">466</TD>
    <TD STYLE="text-align: right">466</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,136</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(145)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(153)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,385</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">(15)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">209</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">382</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(22)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">160</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(112)</TD>
    <TD STYLE="text-align: right">(112)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Asset</TD>
    <TD STYLE="font-weight: bold; text-align: right">35,601</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,650</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,251</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Liability</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35,241)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,234)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(52,475)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">360</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,416</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,776</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold">Derivative contracts mature as follows (in days):</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Off-balance sheet / notional amount</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">0 - 30</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">31 - 180</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">181 - 365</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Over 365 days</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Future contracts</TD>
    <TD STYLE="text-align: right">257,896</TD>
    <TD STYLE="text-align: right">282,162</TD>
    <TD STYLE="text-align: right">98,490</TD>
    <TD STYLE="text-align: right">205,457</TD>
    <TD STYLE="text-align: right">844,005</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swap contracts</TD>
    <TD STYLE="text-align: right">363,159</TD>
    <TD STYLE="text-align: right">529,896</TD>
    <TD STYLE="text-align: right">232,080</TD>
    <TD STYLE="text-align: right">1,271,339</TD>
    <TD STYLE="text-align: right">2,396,474</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option contracts</TD>
    <TD STYLE="text-align: right">1,043,317</TD>
    <TD STYLE="text-align: right">201,220</TD>
    <TD STYLE="text-align: right">371,901</TD>
    <TD STYLE="text-align: right">32,413</TD>
    <TD STYLE="text-align: right">1,648,851</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards (onshore)</TD>
    <TD STYLE="text-align: right">3,291</TD>
    <TD STYLE="text-align: right">977</TD>
    <TD STYLE="text-align: right">1,738</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">6,022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">3,919</TD>
    <TD STYLE="text-align: right">827</TD>
    <TD STYLE="text-align: right">8,228</TD>
    <TD STYLE="text-align: right">40,059</TD>
    <TD STYLE="text-align: right">53,033</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">116,815</TD>
    <TD STYLE="text-align: right">110,717</TD>
    <TD STYLE="text-align: right">51,623</TD>
    <TD STYLE="text-align: right">37,465</TD>
    <TD STYLE="text-align: right">316,620</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">218</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">706</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">873</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">6,618</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">8,415</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<!-- Field: Page; Sequence: 73 -->
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Off-balance sheet notional amount</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 16%">Balance sheet account receivable / (received) (payable) / paid</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Adjustment to fair value (in income / stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,020,605</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">418,886</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,395</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">503</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">385,229</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,759</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">601,719</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,702</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,896</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">557,806</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,315</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Swap contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,948</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,886</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,834</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,571,025</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,396</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,506</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,902</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">222</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,509,045</TD>
    <TD STYLE="text-align: right">20,913</TD>
    <TD STYLE="text-align: right">23,502</TD>
    <TD STYLE="text-align: right">44,415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">61,758</TD>
    <TD STYLE="text-align: right">1,482</TD>
    <TD STYLE="text-align: right">1,003</TD>
    <TD STYLE="text-align: right">2,485</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,571,025</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,448)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,620)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(39,068)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,604</TD>
    <TD STYLE="text-align: right">(180)</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD STYLE="text-align: right">(121)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">609</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,491,476</TD>
    <TD STYLE="text-align: right">(18,130)</TD>
    <TD STYLE="text-align: right">(18,487)</TD>
    <TD STYLE="text-align: right">(36,617)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">77,336</TD>
    <TD STYLE="text-align: right">(1,133)</TD>
    <TD STYLE="text-align: right">(1,193)</TD>
    <TD STYLE="text-align: right">(2,326)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Option contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,352,201</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,960)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(251)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,211)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">267,199</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,071</TD>
    <TD STYLE="font-weight: bold; text-align: right">(665)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,406</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">131,529</TD>
    <TD STYLE="text-align: right">1,786</TD>
    <TD STYLE="text-align: right">(131)</TD>
    <TD STYLE="text-align: right">1,655</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,347</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">93,795</TD>
    <TD STYLE="text-align: right">156</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">160</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,528</TD>
    <TD STYLE="text-align: right">1,086</TD>
    <TD STYLE="text-align: right">(531)</TD>
    <TD STYLE="text-align: right">555</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">419,044</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,238</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,027</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,265</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">138,899</TD>
    <TD STYLE="text-align: right">19,592</TD>
    <TD STYLE="text-align: right">1,094</TD>
    <TD STYLE="text-align: right">20,686</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">904</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">12</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">256,483</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">57</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">22,758</TD>
    <TD STYLE="text-align: right">577</TD>
    <TD STYLE="text-align: right">(67)</TD>
    <TD STYLE="text-align: right">510</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">223,496</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,997)</TD>
    <TD STYLE="font-weight: bold; text-align: right">444</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,553)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">131,361</TD>
    <TD STYLE="text-align: right">(4,448)</TD>
    <TD STYLE="text-align: right">155</TD>
    <TD STYLE="text-align: right">(4,293)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,000</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">64,256</TD>
    <TD STYLE="text-align: right">(181)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(186)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25,879</TD>
    <TD STYLE="text-align: right">(3,353)</TD>
    <TD STYLE="text-align: right">289</TD>
    <TD STYLE="text-align: right">(3,064)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">442,462</TD>
    <TD STYLE="font-weight: bold; text-align: right">(21,272)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,057)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(22,329)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">137,322</TD>
    <TD STYLE="text-align: right">(17,467)</TD>
    <TD STYLE="text-align: right">(1,087)</TD>
    <TD STYLE="text-align: right">(18,554)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">963</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">(22)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">270,585</TD>
    <TD STYLE="text-align: right">(66)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(79)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,592</TD>
    <TD STYLE="text-align: right">(3,707)</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">(3,674)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Forward operations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,755</TD>
    <TD STYLE="font-weight: bold; text-align: right">549</TD>
    <TD STYLE="font-weight: bold; text-align: right">(13)</TD>
    <TD STYLE="font-weight: bold; text-align: right">536</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">187</TD>
    <TD STYLE="font-weight: bold; text-align: right">452</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD>
    <TD STYLE="font-weight: bold; text-align: right">448</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">157</TD>
    <TD STYLE="text-align: right">157</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">152</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">295</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">296</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases payable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,901</TD>
    <TD STYLE="font-weight: bold; text-align: right">153</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">153</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">126</TD>
    <TD STYLE="text-align: right">124</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">124</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,769</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales deliverable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">667</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">(26)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(25)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">644</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Credit derivatives</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">43,808</TD>
    <TD STYLE="font-weight: bold; text-align: right">(101)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(112)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,724</TD>
    <TD STYLE="font-weight: bold; text-align: right">542</TD>
    <TD STYLE="font-weight: bold; text-align: right">(50)</TD>
    <TD STYLE="font-weight: bold; text-align: right">492</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,192</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26,532</TD>
    <TD STYLE="text-align: right">471</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">406</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,084</TD>
    <TD STYLE="font-weight: bold; text-align: right">(643)</TD>
    <TD STYLE="font-weight: bold; text-align: right">39</TD>
    <TD STYLE="font-weight: bold; text-align: right">(604)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,846</TD>
    <TD STYLE="text-align: right">(58)</TD>
    <TD STYLE="text-align: right">(58)</TD>
    <TD STYLE="text-align: right">(116)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,238</TD>
    <TD STYLE="text-align: right">(585)</TD>
    <TD STYLE="text-align: right">97</TD>
    <TD STYLE="text-align: right">(488)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">326,100</TD>
    <TD STYLE="font-weight: bold; text-align: right">(936)</TD>
    <TD STYLE="font-weight: bold; text-align: right">450</TD>
    <TD STYLE="font-weight: bold; text-align: right">(486)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">162,554</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,808</TD>
    <TD STYLE="font-weight: bold; text-align: right">332</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,140</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,943</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">341</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">159,611</TD>
    <TD STYLE="text-align: right">5,465</TD>
    <TD STYLE="text-align: right">334</TD>
    <TD STYLE="text-align: right">5,799</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">163,546</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,744)</TD>
    <TD STYLE="font-weight: bold; text-align: right">118</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,626)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">867</TD>
    <TD STYLE="text-align: right">(81)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(85)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">162,679</TD>
    <TD STYLE="text-align: right">(6,663)</TD>
    <TD STYLE="text-align: right">122</TD>
    <TD STYLE="text-align: right">(6,541)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other derivative financial instruments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,170</TD>
    <TD STYLE="font-weight: bold; text-align: right">44</TD>
    <TD STYLE="font-weight: bold; text-align: right">(258)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(214)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,261</TD>
    <TD STYLE="font-weight: bold; text-align: right">255</TD>
    <TD STYLE="font-weight: bold; text-align: right">147</TD>
    <TD STYLE="font-weight: bold; text-align: right">402</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,096</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">72</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,093</TD>
    <TD STYLE="text-align: right">255</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">340</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">909</TD>
    <TD STYLE="font-weight: bold; text-align: right">(211)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(405)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(616)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">467</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">301</TD>
    <TD STYLE="text-align: right">(201)</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(216)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">94</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">(385)</TD>
    <TD STYLE="text-align: right">(388)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Asset</TD>
    <TD STYLE="font-weight: bold; text-align: right">52,915</TD>
    <TD STYLE="font-weight: bold; text-align: right">25,293</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Liability</TD>
    <TD STYLE="font-weight: bold; text-align: right">(56,371)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(20,490)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,861)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(3,456)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,803</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,347</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: left">Derivative contracts mature as follows (in days):</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: left">Off-balance sheet &ndash; notional amount</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">0 - 30</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">31 - 180</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">181 - 365</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Over 365 days</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Future contracts</TD>
    <TD STYLE="text-align: right">227,878</TD>
    <TD STYLE="text-align: right">423,571</TD>
    <TD STYLE="text-align: right">216,999</TD>
    <TD STYLE="text-align: right">152,157</TD>
    <TD STYLE="text-align: right">1,020,605</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Swap contracts</TD>
    <TD STYLE="text-align: right">267,484</TD>
    <TD STYLE="text-align: right">151,436</TD>
    <TD STYLE="text-align: right">176,320</TD>
    <TD STYLE="text-align: right">975,785</TD>
    <TD STYLE="text-align: right">1,571,025</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Option contracts</TD>
    <TD STYLE="text-align: right">456,100</TD>
    <TD STYLE="text-align: right">462,790</TD>
    <TD STYLE="text-align: right">374,678</TD>
    <TD STYLE="text-align: right">58,633</TD>
    <TD STYLE="text-align: right">1,352,201</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Forwards</TD>
    <TD STYLE="text-align: right">1,406</TD>
    <TD STYLE="text-align: right">2,637</TD>
    <TD STYLE="text-align: right">706</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">4,755</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Credit derivatives</TD>
    <TD STYLE="text-align: right">3,912</TD>
    <TD STYLE="text-align: right">9,578</TD>
    <TD STYLE="text-align: right">5,144</TD>
    <TD STYLE="text-align: right">25,174</TD>
    <TD STYLE="text-align: right">43,808</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">116,901</TD>
    <TD STYLE="text-align: right">111,325</TD>
    <TD STYLE="text-align: right">55,411</TD>
    <TD STYLE="text-align: right">42,463</TD>
    <TD STYLE="text-align: right">326,100</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">131</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">637</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1,012</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">6,390</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">8,170</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Off-balance sheet /&nbsp;notional amount
comprises&nbsp;R$ 88,652&nbsp;(R$ 247,631&nbsp;at 12/31/2022)&nbsp;pegged to Libor.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Derivatives by notional
amount</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="padding-bottom: 9pt; text-align: justify">See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 21%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Swap contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Option contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Forwards</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Credit derivatives</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Other derivative financial instruments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Stock exchange</TD>
    <TD STYLE="font-weight: bold; text-align: right">843,998</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,270,415</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,567,679</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,080</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,672</TD>
    <TD STYLE="font-weight: bold; text-align: right">97,152</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Over-the-counter market</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,126,059</TD>
    <TD STYLE="font-weight: bold; text-align: right">81,172</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,942</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,361</TD>
    <TD STYLE="font-weight: bold; text-align: right">219,468</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial institutions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">972,002</TD>
    <TD STYLE="text-align: right">45,513</TD>
    <TD STYLE="text-align: right">2,926</TD>
    <TD STYLE="text-align: right">29,361</TD>
    <TD STYLE="text-align: right">87,784</TD>
    <TD STYLE="text-align: right">5,225</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Companies</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">137,068</TD>
    <TD STYLE="text-align: right">33,826</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">129,034</TD>
    <TD STYLE="text-align: right">3,190</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Individuals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16,989</TD>
    <TD STYLE="text-align: right">1,833</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,650</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">844,005</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">2,396,474</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,648,851</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">6,022</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">53,033</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">316,620</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Swap contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Option contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Forwards</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Credit derivatives</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other derivative financial instruments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Stock exchange</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,020,604</TD>
    <TD STYLE="font-weight: bold; text-align: right">991,559</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,255,056</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,696</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,806</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,562</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Over-the-counter market</TD>
    <TD STYLE="font-weight: bold; text-align: right">1</TD>
    <TD STYLE="font-weight: bold; text-align: right">579,466</TD>
    <TD STYLE="font-weight: bold; text-align: right">97,145</TD>
    <TD STYLE="font-weight: bold; text-align: right">59</TD>
    <TD STYLE="font-weight: bold; text-align: right">26,002</TD>
    <TD STYLE="font-weight: bold; text-align: right">255,538</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,170</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial institutions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">465,917</TD>
    <TD STYLE="text-align: right">52,177</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">26,002</TD>
    <TD STYLE="text-align: right">117,077</TD>
    <TD STYLE="text-align: right">5,938</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Companies</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">105,076</TD>
    <TD STYLE="text-align: right">43,949</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">137,091</TD>
    <TD STYLE="text-align: right">2,227</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Individuals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,473</TD>
    <TD STYLE="text-align: right">1,019</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,370</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">1,020,605</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">1,571,025</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">1,352,201</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">4,755</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">43,808</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">326,100</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">8,170</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Credit derivatives</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING buys and sells credit protection in order to meet the needs of its customers, to manage and mitigate its portfolios' risk.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">CDS (credit default swap) is a credit derivative in which, upon a default related to the reference entity, the protection buyer is entitled to receive the amount equivalent to the difference between the face value of the CDS contract and the fair value of the liability on the date the contract was settled, also known as the recovered amount. The protection buyer does not need to hold the reference entity's debt instrument in order to receive the amounts due when a credit event occurs, as per the terms of the CDS contract.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">TRS (total return swap) is a transaction in which a party swaps the total return of an asset or of a basket of assets for regular cash flows, usually interest and a guarantee against capital loss. In a TRS contract, the parties do not transfer the ownership of the assets.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING assesses the risk of a credit derivative based on the credit ratings attributed to the reference entity by independent credit rating agencies. Investment grade entities are those for which credit risk is rated as Baa3 or higher, as rated by Moody's, and BBB- or higher, by Standard &amp; Poor&rsquo;s and Fitch Ratings.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 38%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Maximum potential of future payments, gross</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Up to 1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">From 1 to 3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">From 3 to 5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Over 5 years</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By instrument</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CDS</TD>
    <TD STYLE="text-align: right">20,268</TD>
    <TD STYLE="text-align: right">1,141</TD>
    <TD STYLE="text-align: right">6,492</TD>
    <TD STYLE="text-align: right">12,528</TD>
    <TD STYLE="text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">TRS</TD>
    <TD STYLE="text-align: right">18,738</TD>
    <TD STYLE="text-align: right">11,569</TD>
    <TD STYLE="text-align: right">7,169</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by instrument</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">39,006</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">12,710</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">13,661</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">12,528</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By risk rating</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Investment grade</TD>
    <TD STYLE="text-align: right">3,086</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: right">1,291</TD>
    <TD STYLE="text-align: right">1,706</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Below investment grade</TD>
    <TD STYLE="text-align: right">35,920</TD>
    <TD STYLE="text-align: right">12,655</TD>
    <TD STYLE="text-align: right">12,370</TD>
    <TD STYLE="text-align: right">10,822</TD>
    <TD STYLE="text-align: right">73</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">39,006</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">12,710</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">13,661</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">12,528</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By reference entity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right">33,341</TD>
    <TD STYLE="text-align: right">12,168</TD>
    <TD STYLE="text-align: right">11,355</TD>
    <TD STYLE="text-align: right">9,745</TD>
    <TD STYLE="text-align: right">73</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Governments &ndash; abroad</TD>
    <TD STYLE="text-align: right">193</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">69</TD>
    <TD STYLE="text-align: right">123</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private entities</TD>
    <TD STYLE="text-align: right">5,472</TD>
    <TD STYLE="text-align: right">541</TD>
    <TD STYLE="text-align: right">2,237</TD>
    <TD STYLE="text-align: right">2,660</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total by entity</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">39,006</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">12,710</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">13,661</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">12,528</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Maximum potential of future payments, gross</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Up to 1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">From 1 to 3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">From 3 to 5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 5 years</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By instrument</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CDS</TD>
    <TD STYLE="text-align: right">18,156</TD>
    <TD STYLE="text-align: right">2,534</TD>
    <TD STYLE="text-align: right">6,368</TD>
    <TD STYLE="text-align: right">9,176</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">TRS</TD>
    <TD STYLE="text-align: right">16,000</TD>
    <TD STYLE="text-align: right">16,000</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by instrument</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">34,156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">18,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">9,176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By risk rating</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Investment grade</TD>
    <TD STYLE="text-align: right">1,944</TD>
    <TD STYLE="text-align: right">218</TD>
    <TD STYLE="text-align: right">850</TD>
    <TD STYLE="text-align: right">876</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Below investment grade</TD>
    <TD STYLE="text-align: right">32,212</TD>
    <TD STYLE="text-align: right">18,316</TD>
    <TD STYLE="text-align: right">5,518</TD>
    <TD STYLE="text-align: right">8,300</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">34,156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">18,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">9,176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By reference entity</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right">28,988</TD>
    <TD STYLE="text-align: right">17,195</TD>
    <TD STYLE="text-align: right">4,543</TD>
    <TD STYLE="text-align: right">7,172</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Governments &ndash; abroad</TD>
    <TD STYLE="text-align: right">280</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right">116</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private entities</TD>
    <TD STYLE="text-align: right">4,888</TD>
    <TD STYLE="text-align: right">1,248</TD>
    <TD STYLE="text-align: right">1,752</TD>
    <TD STYLE="text-align: right">1,888</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total by entity</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">34,156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">18,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9,176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">78</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-bottom: 9pt; text-align: justify">The following table presents the notional amount of credit derivatives purchased. The underlying amounts are identical to those for which ITA&Uacute; UNIBANCO HOLDING has sold credit protection.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 20%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 28%">Notional amount of credit protection sold</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 26%">Notional amount of credit protection purchased with identical underlying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 26%">Net position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">CDS</TD>
    <TD STYLE="text-align: right">(20,268)</TD>
    <TD STYLE="text-align: right">14,027</TD>
    <TD STYLE="text-align: right">(6,241)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">TRS</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(18,738)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(18,738)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(39,006)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">14,027</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(24,979)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount of credit protection sold</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount of credit protection purchased with identical underlying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Net position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">CDS</TD>
    <TD STYLE="text-align: right">(18,156)</TD>
    <TD STYLE="text-align: right">9,652</TD>
    <TD STYLE="text-align: right">(8,504)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">TRS</TD>
    <TD STYLE="text-align: right">(16,000)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(16,000)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">(34,156)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">9,652</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">(24,504)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>e) Financial instruments
subject to offsetting, enforceable master netting arrangements and similar agreements</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="padding-bottom: 9pt; text-align: justify">The following tables set forth the financial assets and liabilities that are subject to offsetting, enforceable master netting arrangements and similar agreements, as well as how these financial assets and liabilities have been presented in ITA&Uacute; UNIBANCO HOLDING's consolidated financial statements. These tables also reflect the amounts of collateral pledged or received in relation to financial assets and liabilities subject to enforceable arrangements that have not been presented on a net basis in accordance with IAS 32.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="padding-bottom: 9pt">Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial assets <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Net amount of financial assets presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">Cash collateral received</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; width: 31%">Securities purchased under agreements to resell</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 12%">238,308</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 14%">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 14%">238,308</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 11%">(1,504)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 11%">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 7%">236,804</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Derivative financial instruments</TD>
    <TD STYLE="text-align: right">55,251</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">55,251</TD>
    <TD STYLE="text-align: right">(16,409)</TD>
    <TD STYLE="text-align: right">(356)</TD>
    <TD STYLE="text-align: right">38,486</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial assets <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Net amount of financial assets presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">Cash collateral received</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Securities purchased under agreements to resell</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">221,776</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">221,776</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(3,930)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">217,846</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">78,208</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">78,208</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(17,507)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1,005)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">59,696</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-bottom: 9pt; padding-top: 9pt">Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial liabilities <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Net amount of financial liabilities presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">Cash collateral pledged</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Securities sold under repurchase agreements</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">362,786</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">362,786</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(39,708)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">323,078</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Derivative financial instruments</TD>
    <TD STYLE="text-align: right">52,475</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">52,475</TD>
    <TD STYLE="text-align: right">(16,409)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">36,066</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial liabilities <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Net amount of financial liabilities presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cash collateral pledged</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">293,440</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">293,440</TD>
    <TD STYLE="text-align: right">(40,156)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">253,284</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">76,861</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">76,861</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(17,507)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">59,354</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding-top: 9pt; padding-bottom: 9pt; font-size: 9pt; text-align: justify">1) Includes amounts of master offset agreements and other such agreements, both enforceable and unenforceable.<BR>
2) Limited to amounts subject to enforceable master offset agreements and other such agreements.<BR>
3) Includes amounts subject to enforceable master offset agreements and other such agreements, and guarantees in financial instruments.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="padding-bottom: 9pt; text-align: justify">Financial assets and financial liabilities are offset in the balance sheet only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="padding-bottom: 9pt; text-align: justify">Derivative financial instruments and repurchased agreements not set off in the balance sheet relate to transactions in which there are enforceable master netting agreements or similar agreements, but the offset criteria have not been met in accordance with paragraph 42 of IAS 32 mainly because ITA&Uacute; UNIBANCO HOLDING has no intention to settle on a net basis, or realize the asset and settle the liability simultaneously.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 7 - Hedge accounting</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on hedge accounting
is presented in Note&nbsp;2c IV.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In hedge accounting, the groups of risk
factors measured by&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;are:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Interest
Rate: Risk of loss in transactions subject to interest rate variations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Currency:
Risk of loss in transactions subject to foreign exchange variation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The structure of risk limits is extended
to the risk factor level, where specific limits aim at improving the monitoring and understanding process, as well as avoiding concentration
of these risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The structures designed for interest rate
and exchange rate categories take into account partial or total risk when there are compatible hedging instruments. In certain cases,
management may decide to hedge a risk for the risk factor term and limit of the hedging instrument.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The other risk factors hedged by the institution
are shown in Note&nbsp;32.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To protect cash flows and fair value of
instruments designated as hedged items,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses derivative financial instruments, financial assets
and liabilities. Currently Futures Contracts, NDF (Non Deliverable Forwards), Forwards, Swaps and Financial Assets are used.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;manages
risks through the economic relationship between hedging instruments and hedged items, where the expectation is that these instruments
will move in opposite directions and in the same proportion, with the purpose of neutralizing risk factors.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">The designated coverage ratio is always
100% of the risk factor eligible for coverage. Sources of ineffectiveness are in general related to the counterparty&#8217;s credit risk
and possible mismatches of terms between the hedging instrument and the hedged item.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Cash flow hedge</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The cash flow hedge strategies of ITA&Uacute;
UNIBANCO HOLDING consist of hedging exposure to variations in cash flows, in interest payment and currency exposure which are attributable
to changes in interest rates on recognized and unrecognized assets and liabilities.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;applies
cash flow hedge strategies as follows:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Interest rate risks:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of time deposits and repurchase agreements: to hedge fluctuations in cash flows of interest payments resulting from changes in the DI
interest rate, through futures contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of asset transactions: to hedge fluctuations in cash flows of interest receipts resulting from changes in the DI rate, through futures
contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of assets denominated in UF*: to hedge fluctuations in cash flows of interest receipts resulting from changes in the UF*, through swap
contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of Funding: to hedge fluctuations in cash flows of interest payments resulting from changes in the TPM* rate, through swap contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of loan operations: to hedge fluctuations in cash flows of interest receipts resulting from changes in the TPM* rate<B>, </B>through swap
contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of repurchase agreements: to hedge fluctuations in cash flows of interest received from changes in Selic (benchmark interest rate), through
futures contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedging
of expected highly probable transactions: to hedge the risk of variation in the amount of the commitments assumed when resulting from
variation in the exchange rates.</P>


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<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">*UF &#8211; Chilean unit of account / TPM &#8211; Monetary policy
rate</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Heading</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cash flow hedge reserve</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional Amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 30%">Interest rate risk</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD>Securities sold under agreements to resell</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">119,464</TD>
    <TD STYLE="text-align: right">(1,086)</TD>
    <TD STYLE="text-align: right">(1,070)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">120,550</TD>
    <TD STYLE="text-align: right">(1,086)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD>Loans and lease operations and Securities</TD>
    <TD STYLE="text-align: right">7,395</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7,394</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD>Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">41,761</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,132</TD>
    <TD STYLE="text-align: right">830</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">42,570</TD>
    <TD STYLE="text-align: right">1,132</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations</TD>
    <TD>Loans and lease operations</TD>
    <TD STYLE="text-align: right">18,449</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">185</TD>
    <TD STYLE="text-align: right">211</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">18,265</TD>
    <TD STYLE="text-align: right">184</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5,993</TD>
    <TD STYLE="text-align: right">(95)</TD>
    <TD STYLE="text-align: right">(162)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5,899</TD>
    <TD STYLE="text-align: right">(95)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD>Securities</TD>
    <TD STYLE="text-align: right">10,664</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">10,704</TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,287</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD STYLE="text-align: right">195</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1,323</TD>
    <TD STYLE="text-align: right">35</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,300</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2,288</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">78,269</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">129,044</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">208,993</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">175</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Heading</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cash flow hedge reserve</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional Amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD>Securities sold under agreements to resell</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">149,300</TD>
    <TD STYLE="text-align: right">1,169</TD>
    <TD STYLE="text-align: right">1,169</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">149,210</TD>
    <TD STYLE="text-align: right">1,222</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD>Loans and lease operations and Securities</TD>
    <TD STYLE="text-align: right">6,894</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(367)</TD>
    <TD STYLE="text-align: right">(367)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,528</TD>
    <TD STYLE="text-align: right">(367)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD>Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">52,916</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,508)</TD>
    <TD STYLE="text-align: right">(1,508)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">50,848</TD>
    <TD STYLE="text-align: right">(1,508)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations</TD>
    <TD>Loans and lease operations</TD>
    <TD STYLE="text-align: right">3,283</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,288</TD>
    <TD STYLE="text-align: right">(6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,692</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,783</TD>
    <TD STYLE="text-align: right">91</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD>Securities</TD>
    <TD STYLE="text-align: right">7,871</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">191</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,549</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,543</TD>
    <TD STYLE="text-align: right">(6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">70,964</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">156,884</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(607)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(420)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">225,396</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(554)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For strategies of deposits and repurchase
agreements to resell, asset transactions and asset-backed securities under repurchase agreements,&nbsp;ITA&Uacute; UNIBANCO HOLDING frequently
reestablishes the coverage ratio, since both the hedged item and the instruments change over time. This occurs because they are portfolio
strategies that reflect the risk management strategy guidelines approved in the proper authority level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The remaining balance in the reserve of
cash flow hedge for which the hedge accounting is no longer applied is&nbsp;R$ (167) (R$ 187 at 12/31/2022).</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value&nbsp;&nbsp;recognized in Other comprehensive income&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from Cash flow hedge reserve to income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 15%">Interest rate risk</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">170,514</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(168)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">10,582</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">24,286</TD>
    <TD STYLE="text-align: right">179</TD>
    <TD STYLE="text-align: right">101</TD>
    <TD STYLE="text-align: right">89</TD>
    <TD STYLE="text-align: right">90</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">1,278</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">36</TD>
    <TD STYLE="text-align: right">36</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(9)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">2,333</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">276</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">208,993</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">276</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">427</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">175</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(174)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from Cash flow hedge reserve to income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">206,586</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD STYLE="text-align: right">(653)</TD>
    <TD STYLE="text-align: right">(706)</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">646</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">8,071</TD>
    <TD STYLE="text-align: right">201</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">249</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">2,278</TD>
    <TD STYLE="text-align: right">136</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">359</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">225,396</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">424</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">685</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(554)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(607)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">379</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt">1) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Hedge of net investment
in foreign operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify; height: 34.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">ITA&Uacute; UNIBANCO HOLDING's net investment hedge strategies consist of reducing exposure to foreign exchange variation arising from foreign investments in a foreign currency other than the head office&rsquo;s functional currency.<BR>
<BR></FONT></TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify; height: 34.5pt">The risk hedged in this type of strategy is the currency risk.</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="4" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Strategies</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Foreign currency conversion reserve</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="height: 30.75pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 36%">Foreign exchange risk</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">18,849</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(13,986)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(13,986)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">19,208</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,210)</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 18pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">18,849</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(13,986)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(13,986)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">19,208</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,210)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="4" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Foreign currency conversion reserve</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Foreign exchange risk</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,983</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9,933</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,996)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,983</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,933</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,996)</TD></TR>
  <TR STYLE="height: 32.25pt; vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; height: 32.25pt">1) Hedge instruments consider the gross tax position.<BR>
2) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The remaining balance in the reserve of
foreign currency conversion, for which the accounting hedge is no longer applied, is R$ (23)&nbsp;(R$ (3,116)&nbsp;at&nbsp;12/31/2022),
with no effect on the result due to the maintenance of investments abroad.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in the value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from foreign currency conversion reserve into income</TD></TR>
  <TR STYLE="height: 48pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 26%">Foreign exchange risk</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Future</TD>
    <TD STYLE="text-align: right">2,109</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5,638)</TD>
    <TD STYLE="text-align: right">(5,596)</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="text-align: right">136</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Future / NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">12,539</TD>
    <TD STYLE="text-align: right">120</TD>
    <TD STYLE="text-align: right">57</TD>
    <TD STYLE="text-align: right">(4,951)</TD>
    <TD STYLE="text-align: right">(4,733)</TD>
    <TD STYLE="text-align: right">(218)</TD>
    <TD STYLE="text-align: right">(104)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Future / Financial Assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,560</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,525</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">350</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(3,621)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(3,657)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">36</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 13.5pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">19,208</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,655</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">407</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,210)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(13,986)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(224)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">32</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Hedge instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in the value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from foreign currency conversion reserve into income</TD></TR>
  <TR STYLE="height: 48pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Future</TD>
    <TD STYLE="text-align: right">1,673</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5,751)</TD>
    <TD STYLE="text-align: right">(5,710)</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Future / NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">5,186</TD>
    <TD STYLE="text-align: right">176</TD>
    <TD STYLE="text-align: right">126</TD>
    <TD STYLE="text-align: right">(2,521)</TD>
    <TD STYLE="text-align: right">(2,411)</TD>
    <TD STYLE="text-align: right">(110)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Future / Financial Assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,074</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,380</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,839</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6,724)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6,715)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(9)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,933</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,556</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,965</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,996)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(160)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; height: 13.5pt">1) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Fair value hedge</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fair value hedging strategy of&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;consists of hedging the exposure to variation in fair value on the receipt and payment of interest on recognized
assets and liabilities.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;applies
fair value hedges as follows:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;<B>Interest rate risk and Foreign
exchange risk:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>To
protect the risk of variation in the fair value of receipt and payment of interest resulting from variations in the fair value of the
variable rates and future foreign exchange rates involved, by contracting swaps and futures.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effects of hedge accounting on the financial
position and performance of&nbsp;ITA&Uacute; UNIBANCO HOLDING are presented below:</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="4" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Strategies</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Hedge Item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD></TR>
  <TR STYLE="height: 25.8pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 25.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value recognized in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="height: 25.8pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 28%">Interest rate risk</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of loan operations</TD>
    <TD STYLE="text-align: right">12,592</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12,597</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">12,589</TD>
    <TD STYLE="text-align: right">(5)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of funding</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16,304</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16,185</TD>
    <TD STYLE="text-align: right">119</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16,304</TD>
    <TD STYLE="text-align: right">(120)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 17.25pt">Hedge of securities</TD>
    <TD STYLE="text-align: right">25,179</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">25,386</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">207</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">25,105</TD>
    <TD STYLE="text-align: right">(197)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 15.75pt">Hedge of firm commitments</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">265</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">269</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">245</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">37,771</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">16,569</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">37,983</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">16,454</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">327</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">54,243</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(318)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="4" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Hedge Item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD></TR>
  <TR STYLE="height: 25.8pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 25.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value recognized in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="height: 25.8pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of loan operations</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">15,582</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(449)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD STYLE="text-align: right">448</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of funding</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14,603</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13,905</TD>
    <TD STYLE="text-align: right">698</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">14,603</TD>
    <TD STYLE="text-align: right">(703)</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 15.75pt">Hedge of securities</TD>
    <TD STYLE="text-align: right">7,363</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,134</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(229)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,317</TD>
    <TD STYLE="text-align: right">225</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">23,394</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">14,603</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">22,716</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">13,905</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">20</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">37,951</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(30)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; height: 17.25pt">1) Amounts recorded under heading Deposits, Securities, Funds from Interbank Markets and Loan and Lease Operations.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0pt 8pt; text-align: justify">The Hedge instruments includes R$ 4,233
(R$ 4,349 at 12/31/2022), related to instruments exposed by the change in reference interest rates - IBORs.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The remaining accumulated amount of fair
value hedge adjustments for items that are no longer hedged is&nbsp;R$ 51&nbsp;(R$ 0 at&nbsp;12/31/2022),&nbsp;with effect on the result
of&nbsp;R$ 38&nbsp;(R$ 0&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For loan operations strategies, the entity
reestablishes the coverage ratio, since both the hedged item and the instruments change over time. This occurs because they are portfolio
strategies that reflect the risk management strategy guidelines approved in the proper authority level.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt; width: 29%">Interest rate risk</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Swaps</TD>
    <TD STYLE="text-align: right">45,430</TD>
    <TD STYLE="text-align: right">893</TD>
    <TD STYLE="text-align: right">563</TD>
    <TD STYLE="text-align: right">(331)</TD>
    <TD STYLE="text-align: right">7</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Futures</TD>
    <TD STYLE="text-align: right">8,568</TD>
    <TD STYLE="text-align: right">62</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Futures</TD>
    <TD STYLE="text-align: right">245</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 14.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">54,243</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">956</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">563</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(318)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Swaps</TD>
    <TD STYLE="text-align: right">35,091</TD>
    <TD STYLE="text-align: right">1,002</TD>
    <TD STYLE="text-align: right">929</TD>
    <TD STYLE="text-align: right">(49)</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Futures</TD>
    <TD STYLE="text-align: right">2,860</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 14.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">37,951</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,006</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">929</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(10)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; text-align: justify; height: 17.25pt">1) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="height: 17.25pt">The table below presents, for each strategy, the notional amount and the fair value adjustments of hedge instruments and the book value of the hedged item:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; height: 17.25pt; width: 37%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 69.75pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Hedge instruments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instruments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD></TR>
  <TR STYLE="height: 35.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 35.25pt">Notional amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value adjustments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value adjustments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of deposits and repurchase agreements</TD>
    <TD STYLE="text-align: right">120,550</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">119,464</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">149,210</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">149,300</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of highly probable forecast transactions</TD>
    <TD STYLE="text-align: right">1,323</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">1,287</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">343</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of net investment in foreign operations</TD>
    <TD STYLE="text-align: right">19,208</TD>
    <TD STYLE="text-align: right">5,248</TD>
    <TD STYLE="text-align: right">18,849</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">9,933</TD>
    <TD STYLE="text-align: right">2,591</TD>
    <TD STYLE="text-align: right">8,983</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of loan operations (Fair value)</TD>
    <TD STYLE="text-align: right">12,589</TD>
    <TD STYLE="text-align: right">430</TD>
    <TD STYLE="text-align: right">12,592</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD STYLE="text-align: right">820</TD>
    <TD STYLE="text-align: right">16,031</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of loan operations (Cash flow)</TD>
    <TD STYLE="text-align: right">18,265</TD>
    <TD STYLE="text-align: right">130</TD>
    <TD STYLE="text-align: right">18,449</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3,288</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">3,283</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of funding (Fair value)</TD>
    <TD STYLE="text-align: right">16,304</TD>
    <TD STYLE="text-align: right">(299)</TD>
    <TD STYLE="text-align: right">16,304</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">14,603</TD>
    <TD STYLE="text-align: right">(762)</TD>
    <TD STYLE="text-align: right">14,603</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of funding (Cash flow)</TD>
    <TD STYLE="text-align: right">8,187</TD>
    <TD STYLE="text-align: right">(328)</TD>
    <TD STYLE="text-align: right">8,293</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7,326</TD>
    <TD STYLE="text-align: right">391</TD>
    <TD STYLE="text-align: right">7,241</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of assets transactions</TD>
    <TD STYLE="text-align: right">7,394</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,395</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6,528</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">6,894</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of asset-backed securities under repurchase agreements</TD>
    <TD STYLE="text-align: right">42,570</TD>
    <TD STYLE="text-align: right">(43)</TD>
    <TD STYLE="text-align: right">41,761</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">50,848</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">52,916</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of assets denominated in UF</TD>
    <TD STYLE="text-align: right">10,704</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">10,664</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">(646)</TD>
    <TD STYLE="text-align: right">7,871</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Hedge of securities</TD>
    <TD STYLE="text-align: right">25,105</TD>
    <TD STYLE="text-align: right">261</TD>
    <TD STYLE="text-align: right">25,179</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7,317</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">7,363</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Hedge of firm commitments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">245</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">265</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,490</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,407</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B> &nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="9" STYLE="height: 14.25pt">The table below shows the breakdown by maturity of the hedging strategies:</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; height: 14.25pt; width: 41%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">1-2 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">2-3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">3-4 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">4-5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">5-10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of deposits and repurchase agreements</TD>
    <TD STYLE="text-align: right">78,786</TD>
    <TD STYLE="text-align: right">17,167</TD>
    <TD STYLE="text-align: right">12,556</TD>
    <TD STYLE="text-align: right">8,672</TD>
    <TD STYLE="text-align: right">1,562</TD>
    <TD STYLE="text-align: right">1,807</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">120,550</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of highly probable forecast transactions</TD>
    <TD STYLE="text-align: right">1,323</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,323</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">19,208</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19,208</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of loan operations (Fair value)</TD>
    <TD STYLE="text-align: right">2,230</TD>
    <TD STYLE="text-align: right">2,173</TD>
    <TD STYLE="text-align: right">3,114</TD>
    <TD STYLE="text-align: right">1,577</TD>
    <TD STYLE="text-align: right">2,523</TD>
    <TD STYLE="text-align: right">972</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12,589</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of loan operations (Cash flow)</TD>
    <TD STYLE="text-align: right">10,353</TD>
    <TD STYLE="text-align: right">5,376</TD>
    <TD STYLE="text-align: right">1,280</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,256</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">18,265</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of funding (Fair value)</TD>
    <TD STYLE="text-align: right">6,133</TD>
    <TD STYLE="text-align: right">2,575</TD>
    <TD STYLE="text-align: right">1,048</TD>
    <TD STYLE="text-align: right">532</TD>
    <TD STYLE="text-align: right">734</TD>
    <TD STYLE="text-align: right">4,979</TD>
    <TD STYLE="text-align: right">303</TD>
    <TD STYLE="text-align: right">16,304</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of funding (Cash flow)</TD>
    <TD STYLE="text-align: right">2,288</TD>
    <TD STYLE="text-align: right">2,008</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">678</TD>
    <TD STYLE="text-align: right">2,833</TD>
    <TD STYLE="text-align: right">380</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,187</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of assets transactions</TD>
    <TD STYLE="text-align: right">7,394</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,394</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of asset-backed securities under repurchase agreements</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">20,813</TD>
    <TD STYLE="text-align: right">10,624</TD>
    <TD STYLE="text-align: right">11,133</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">42,570</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of assets denominated in UF</TD>
    <TD STYLE="text-align: right">10,704</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10,704</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of securities</TD>
    <TD STYLE="text-align: right">7,894</TD>
    <TD STYLE="text-align: right">5,538</TD>
    <TD STYLE="text-align: right">2,714</TD>
    <TD STYLE="text-align: right">1,345</TD>
    <TD STYLE="text-align: right">3,179</TD>
    <TD STYLE="text-align: right">3,655</TD>
    <TD STYLE="text-align: right">780</TD>
    <TD STYLE="text-align: right">25,105</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of firm commitments (Fair value)</TD>
    <TD STYLE="text-align: right">245</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">245</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">146,558</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">55,650</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">31,336</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">23,937</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">12,087</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">11,793</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,083</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">282,444</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">1-2 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">2-3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">3-4 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">4-5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">5-10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of deposits and repurchase agreements</TD>
    <TD STYLE="text-align: right">108,499</TD>
    <TD STYLE="text-align: right">26,120</TD>
    <TD STYLE="text-align: right">9,110</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,726</TD>
    <TD STYLE="text-align: right">755</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">149,210</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of highly probable forecast transactions</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">343</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">9,933</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,933</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of loan operations (Fair value)</TD>
    <TD STYLE="text-align: right">2,351</TD>
    <TD STYLE="text-align: right">3,395</TD>
    <TD STYLE="text-align: right">1,244</TD>
    <TD STYLE="text-align: right">2,539</TD>
    <TD STYLE="text-align: right">2,749</TD>
    <TD STYLE="text-align: right">3,753</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16,031</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of loan operations (Cash flow)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,577</TD>
    <TD STYLE="text-align: right">1,161</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">550</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,288</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of funding (Fair value)</TD>
    <TD STYLE="text-align: right">1,673</TD>
    <TD STYLE="text-align: right">885</TD>
    <TD STYLE="text-align: right">1,288</TD>
    <TD STYLE="text-align: right">3,091</TD>
    <TD STYLE="text-align: right">579</TD>
    <TD STYLE="text-align: right">4,981</TD>
    <TD STYLE="text-align: right">2,106</TD>
    <TD STYLE="text-align: right">14,603</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of funding (Cash flow)</TD>
    <TD STYLE="text-align: right">5,776</TD>
    <TD STYLE="text-align: right">578</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">675</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">297</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,326</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of assets transactions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,528</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,528</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of asset-backed securities under repurchase agreements</TD>
    <TD STYLE="text-align: right">16,696</TD>
    <TD STYLE="text-align: right">9,705</TD>
    <TD STYLE="text-align: right">22,740</TD>
    <TD STYLE="text-align: right">1,085</TD>
    <TD STYLE="text-align: right">622</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">50,848</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of assets denominated in UF</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,853</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="height: 14.25pt">Hedge of securities</TD>
    <TD STYLE="text-align: right">3,215</TD>
    <TD STYLE="text-align: right">660</TD>
    <TD STYLE="text-align: right">1,547</TD>
    <TD STYLE="text-align: right">180</TD>
    <TD STYLE="text-align: right">346</TD>
    <TD STYLE="text-align: right">673</TD>
    <TD STYLE="text-align: right">696</TD>
    <TD STYLE="text-align: right">7,317</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">156,339</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">49,448</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">37,090</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,570</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9,572</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">10,459</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">2,802</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">273,280</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; height: 17.25pt">1) Classified as current, since instruments are frequently renewed.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 8 - Financial assets
at fair value through other comprehensive income - Securities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on financial assets
and liabilities is presented in Note&nbsp;2c IV.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="height: 34.5pt">The fair value and corresponding gross carrying amount of Financial Assets at Fair Value through Other Comprehensive Income - Securities assets are as follows:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 72.75pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 72.75pt; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Fair value adjustments (in&nbsp;&nbsp;stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Expected loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Fair value adjustments (in stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Expected loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Fair value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">84,567</TD>
    <TD STYLE="font-weight: bold; text-align: right">(662)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">83,905</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">79,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,165)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">76,679</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Other government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">36</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">36</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Government securities &ndash; Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,715</TD>
    <TD STYLE="font-weight: bold; text-align: right">158</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,872</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,937</TD>
    <TD STYLE="font-weight: bold; text-align: right">(426)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,510</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Government securities &ndash; Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,923</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,910</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,460</TD>
    <TD STYLE="font-weight: bold; text-align: right">(60)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,400</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,252</TD>
    <TD STYLE="font-weight: bold; text-align: right">(771)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(129)</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,352</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,027</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,791)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(77)</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,159</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Shares</TD>
    <TD STYLE="text-align: right">6,960</TD>
    <TD STYLE="text-align: right">(817)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,143</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,571</TD>
    <TD STYLE="text-align: right">(3,686)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">373</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">390</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">714</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">714</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">67</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">1,837</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">(85)</TD>
    <TD STYLE="text-align: right">1,773</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,231</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">(45)</TD>
    <TD STYLE="text-align: right">1,183</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Eurobonds and other</TD>
    <TD STYLE="text-align: right">4,081</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: right">4,057</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,418</TD>
    <TD STYLE="text-align: right">(112)</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">4,279</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Financial bills</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">265</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">268</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">707</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">695</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">131,493</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(1,287)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(167)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">130,039</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">134,304</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(7,442)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">126,748</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Securities pledged in guarantee of funding
transactions of financial institutions and customers and Post-employment benefits (Note 26b), are: a) Brazilian government securities
R$ 38,389 (R$ 50,918 at 12/31/2022), b) Government securities - Latin America&nbsp;R$ 2,932&nbsp;(R$ 6,662&nbsp;at&nbsp;12/31/2022)&nbsp;and
c) Corporate securities R$ 868 (R$ 720 at 12/31/2022), totaling R$ 42,189 (R$ 58,300 at 12/31/2022).&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify; height: 33pt">The gross carrying amount and the fair value of financial assets through other comprehensive income - securities by maturity are as follows:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 35%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Fair value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right">49,545</TD>
    <TD STYLE="font-weight: bold; text-align: right">48,643</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">59,304</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,517</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Non-stated maturity</TD>
    <TD STYLE="text-align: right">6,960</TD>
    <TD STYLE="text-align: right">6,143</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,571</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Up to one year</TD>
    <TD STYLE="text-align: right">42,585</TD>
    <TD STYLE="text-align: right">42,500</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50,733</TD>
    <TD STYLE="text-align: right">50,632</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right">81,948</TD>
    <TD STYLE="font-weight: bold; text-align: right">81,396</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">75,000</TD>
    <TD STYLE="font-weight: bold; text-align: right">71,231</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">From one to five years</TD>
    <TD STYLE="text-align: right">56,984</TD>
    <TD STYLE="text-align: right">56,886</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,068</TD>
    <TD STYLE="text-align: right">47,705</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">From five to ten years</TD>
    <TD STYLE="text-align: right">14,518</TD>
    <TD STYLE="text-align: right">14,585</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,458</TD>
    <TD STYLE="text-align: right">16,340</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">After ten years</TD>
    <TD STYLE="text-align: right">10,446</TD>
    <TD STYLE="text-align: right">9,925</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,474</TD>
    <TD STYLE="text-align: right">7,186</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">131,493</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">130,039</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">134,304</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">126,748</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="text-align: justify; height: 34.5pt">Equity instruments that ITA&Uacute; UNIBANCO HOLDING adopted the option of designating at fair value through other comprehensive income, due to the particularities of a certain market, are presented in the table below:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 53.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 53.25pt; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 15%">Adjustments to fair value (in Stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Expected loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 19%">Adjustments to fair value (in Stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Non-stated maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Shares</TD>
    <TD STYLE="text-align: right">6,960</TD>
    <TD STYLE="text-align: right">(817)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,143</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,571</TD>
    <TD STYLE="text-align: right">(3,686)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">6,960</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(817)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">6,143</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,571</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(3,686)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,885</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the period, there was receipt of dividends
in the amount of&nbsp;R$ 275&nbsp;(R$ 0&nbsp;from&nbsp;01/01 to 12/31/2022)&nbsp;and there were reclassifications of&nbsp;R$ (78.1)&nbsp;(R$
(48.3)&nbsp;at&nbsp;12/31/2022) in Stockholders' equity, due to partial sales of XP INC shares (Note&nbsp;3).</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="11" STYLE="height: 34.5pt">Reconciliation of expected loss for Other financial assets, segregated by stages:</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 24%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Transfer to stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Transfer to stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 34.5pt">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(44)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5)</TD>
    <TD STYLE="font-weight: bold; text-align: right">17</TD>
    <TD STYLE="font-weight: bold; text-align: right">38</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(117)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(36)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Government securities - Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Government securities - Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(77)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(41)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5)</TD>
    <TD STYLE="font-weight: bold; text-align: right">17</TD>
    <TD STYLE="font-weight: bold; text-align: right">31</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(79)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Debentures</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(45)</TD>
    <TD STYLE="text-align: right">(17)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(46)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Eurobonds and other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(30)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid; height: 14.25pt">Other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 34.5pt">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(25)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4</TD>
    <TD STYLE="font-weight: bold; text-align: right">17</TD>
    <TD STYLE="font-weight: bold; text-align: right">26</TD>
    <TD STYLE="font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(24)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Government securities - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(25)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">12</TD>
    <TD STYLE="font-weight: bold; text-align: right">26</TD>
    <TD STYLE="font-weight: bold; text-align: right">(31)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(24)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Bank deposit certificate</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">26</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(13)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid; height: 17.25pt">Eurobonds and other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(8)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">2</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">12</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(17)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(10)</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="height: 34.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 31.5pt">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 40.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 40.5pt">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26)</TD></TR>
  <TR STYLE="height: 19.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 19.5pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26)</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 15.75pt">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid; height: 15.75pt">Debentures</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(26)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(26)</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 34.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 48.75pt">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 33pt">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(84)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(36)</TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 18.75pt">Government securities - Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(48)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(15)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(77)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Debentures</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(44)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(45)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Eurobonds and other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(27)</TD></TR>
  <TR STYLE="height: 9.75pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 24px; height: 9.75pt">Other</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4)</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 9 - Financial assets
at amortized cost - Securities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on financial assets
and liabilities is presented in Note&nbsp;2c IV.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 24.75pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="height: 24.75pt">The Financial assets at amortized cost - Securities are as follows:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Expected Loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Net Amortized Cost</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Expected Loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Net Amortized Cost</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">94,990</TD>
    <TD STYLE="font-weight: bold; text-align: right">(23)</TD>
    <TD STYLE="font-weight: bold; text-align: right">94,967</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,521</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,491</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt">Government securities &ndash; Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,874</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,865</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,954</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7)</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,947</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt">Government securities &ndash; Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,712</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,708</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,289</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,285</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">115,167</TD>
    <TD STYLE="font-weight: bold; text-align: right">(818)</TD>
    <TD STYLE="font-weight: bold; text-align: right">114,349</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,262</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,997)</TD>
    <TD STYLE="font-weight: bold; text-align: right">86,265</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">38,146</TD>
    <TD STYLE="text-align: right">(190)</TD>
    <TD STYLE="text-align: right">37,956</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26,129</TD>
    <TD STYLE="text-align: right">(140)</TD>
    <TD STYLE="text-align: right">25,989</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">98</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">5,911</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">5,904</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,738</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">5,734</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">57,399</TD>
    <TD STYLE="text-align: right">(586)</TD>
    <TD STYLE="text-align: right">56,813</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,785</TD>
    <TD STYLE="text-align: right">(1,835)</TD>
    <TD STYLE="text-align: right">45,950</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Eurobonds and other</TD>
    <TD STYLE="text-align: right">516</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">516</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">118</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">118</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Financial bills</TD>
    <TD STYLE="text-align: right">1,575</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">1,573</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">113</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">113</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">10,253</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">10,230</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,363</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">7,350</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">1,348</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">1,338</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">918</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">913</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">260,743</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(854)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">259,889</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">213,026</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(2,038)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">210,988</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Securities pledged as collateral of
funding transactions of financial institutions and customers and Post-employment benefits (Note 26b), are: a) Brazilian government securities&nbsp;R$
16,738 (R$ 23,639&nbsp;at 12/31/2022), b) Government securities - Latin America&nbsp;R$ 0 (R$ 0&nbsp;at 12/31/2022) and c) Corporate securities&nbsp;R$
20,114&nbsp;(R$ 12,718 at 12/31/2022), totaling R$ 36,852&nbsp;(R$ 36,357&nbsp;at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On 01/01/2023, a new business model was
used, classified as Amortized Cost, for capital management of a company in Colombia (Ita&uacute; Colombia S.A.), in which Government Securities
from Latin America in the amount of&nbsp;R$ 1,026 were to be classified, previously classified in the Fair Value business model through
Other Comprehensive Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On 01/01/2023 and 07/01/2023, there was
a change of Global Bonds, in the amount of R$ 408&nbsp;and&nbsp;R$ 249, respectively, from the business model Fair Value through Profit
or Loss to Amortized Cost, referring to a company located in the Bahamas (Ita&uacute; Unibanco S.A., Nassau Branch) for compliance with
a regulatory change related to the risk management of the trading portfolio and the banking portfolio.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 12/31/2023, the fair value of reclassified
assets would be&nbsp;R$ 1,551, the adjustment to fair value that would have been recognized in Other Comprehensive Income would&nbsp;be&nbsp;R$
(77) and the adjustment to fair value that would have been recognized in Income would be&nbsp;R$ (13).</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="6" STYLE="height: 34.5pt">The amortized cost of Financial assets at amortized cost - Securities by maturity is as follows:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Net Amortized Cost</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Net Amortized Cost</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right">82,120</TD>
    <TD STYLE="font-weight: bold; text-align: right">81,745</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">62,125</TD>
    <TD STYLE="font-weight: bold; text-align: right">61,528</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Up to one year</TD>
    <TD STYLE="text-align: right">82,120</TD>
    <TD STYLE="text-align: right">81,745</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62,125</TD>
    <TD STYLE="text-align: right">61,528</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right">178,623</TD>
    <TD STYLE="font-weight: bold; text-align: right">178,144</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">150,901</TD>
    <TD STYLE="font-weight: bold; text-align: right">149,460</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">From one to five years</TD>
    <TD STYLE="text-align: right">132,365</TD>
    <TD STYLE="text-align: right">131,918</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">107,970</TD>
    <TD STYLE="text-align: right">107,431</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">From five to ten years</TD>
    <TD STYLE="text-align: right">42,062</TD>
    <TD STYLE="text-align: right">42,031</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38,526</TD>
    <TD STYLE="text-align: right">37,625</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">After ten years</TD>
    <TD STYLE="text-align: right">4,196</TD>
    <TD STYLE="text-align: right">4,195</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,405</TD>
    <TD STYLE="text-align: right">4,404</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">260,743</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">259,889</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">213,026</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">210,988</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="height: 17.25pt">Reconciliation of expected loss to financial assets at amortized cost&nbsp;&nbsp;- securities, segregated by stages:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 32%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD></TR>
  <TR STYLE="height: 27pt; vertical-align: top">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(208)</TD>
    <TD STYLE="font-weight: bold; text-align: right">63</TD>
    <TD STYLE="font-weight: bold; text-align: right">(329)</TD>
    <TD STYLE="font-weight: bold; text-align: right">60</TD>
    <TD STYLE="font-weight: bold; text-align: right">120</TD>
    <TD STYLE="font-weight: bold; text-align: right">173</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(32)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(183)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(23)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Government securities - Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7)</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">(13)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Government securities - Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(167)</TD>
    <TD STYLE="font-weight: bold; text-align: right">46</TD>
    <TD STYLE="font-weight: bold; text-align: right">(314)</TD>
    <TD STYLE="font-weight: bold; text-align: right">57</TD>
    <TD STYLE="font-weight: bold; text-align: right">120</TD>
    <TD STYLE="font-weight: bold; text-align: right">173</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(32)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(147)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">(105)</TD>
    <TD STYLE="text-align: right">128</TD>
    <TD STYLE="text-align: right">(131)</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">(60)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">(44)</TD>
    <TD STYLE="text-align: right">(78)</TD>
    <TD STYLE="text-align: right">(164)</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD STYLE="text-align: right">74</TD>
    <TD STYLE="text-align: right">135</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(52)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Eurobond and other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(23)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(5)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(221)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(45)</TD>
    <TD STYLE="font-weight: bold; text-align: right">16</TD>
    <TD STYLE="font-weight: bold; text-align: right">30</TD>
    <TD STYLE="font-weight: bold; text-align: right">347</TD>
    <TD STYLE="font-weight: bold; text-align: right">(120)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(15)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(122)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(221)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(45)</TD>
    <TD STYLE="font-weight: bold; text-align: right">16</TD>
    <TD STYLE="font-weight: bold; text-align: right">30</TD>
    <TD STYLE="font-weight: bold; text-align: right">347</TD>
    <TD STYLE="font-weight: bold; text-align: right">(120)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(15)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(122)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">(24)</TD>
    <TD STYLE="text-align: right">(46)</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="text-align: right">115</TD>
    <TD STYLE="text-align: right">(44)</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">(86)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">62</TD>
    <TD STYLE="text-align: right">(74)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(105)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Financial bills</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(168)</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">170</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(344)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(51)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,035</TD>
    <TD STYLE="font-weight: bold; text-align: right">32</TD>
    <TD STYLE="font-weight: bold; text-align: right">15</TD>
    <TD STYLE="font-weight: bold; text-align: right">(173)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(347)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(549)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(344)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(51)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,035</TD>
    <TD STYLE="font-weight: bold; text-align: right">32</TD>
    <TD STYLE="font-weight: bold; text-align: right">15</TD>
    <TD STYLE="font-weight: bold; text-align: right">(173)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(347)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(549)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: right">(115)</TD>
    <TD STYLE="text-align: right">(120)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">(1,705)</TD>
    <TD STYLE="text-align: right">(344)</TD>
    <TD STYLE="text-align: right">(20)</TD>
    <TD STYLE="text-align: right">1,837</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(135)</TD>
    <TD STYLE="text-align: right">(62)</TD>
    <TD STYLE="text-align: right">(429)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 24px; height: 17.25pt">Promissory and commercial notes</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">170</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(170)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B>&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; width: 31%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 6%">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: top">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 20.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 20.25pt">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(74)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(80)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(149)</TD>
    <TD STYLE="font-weight: bold; text-align: right">42</TD>
    <TD STYLE="font-weight: bold; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(208)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(37)</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 15.75pt">Government securities - Latin America</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6)</TD>
    <TD STYLE="font-weight: bold; text-align: right">10</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Government securities - Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(95)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(131)</TD>
    <TD STYLE="font-weight: bold; text-align: right">36</TD>
    <TD STYLE="font-weight: bold; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(167)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">(64)</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(105)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(44)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Eurobond and other</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 22.5pt">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(13)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(2)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(136)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">104</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">(53)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 15.75pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(136)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">104</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">(53)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(24)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: right">(120)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">104</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(86)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; text-align: left; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 17.25pt">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,836)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(244)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(27)</TD>
    <TD STYLE="font-weight: bold; text-align: right">403</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,836)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(244)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(27)</TD>
    <TD STYLE="font-weight: bold; text-align: right">403</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">(11)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 24px; height: 17.25pt">Debentures</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,827)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(251)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(21)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">394</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,705)</TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 10 - Loan and lease
operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on financial assets
and liabilities is presented in Note&nbsp;2c IV.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Composition of loans
and lease operations portfolio</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify; height: 34.5pt">Below is the composition of the carrying amount of loan operations and lease operations by type, sector of debtor, maturity and concentration:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt">Loans and lease operations by type</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Individuals</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">416,616</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">400,103</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Credit card</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">136,317</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">135,855</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Personal loan</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">60,992</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">53,945</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Payroll loans</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">73,472</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">73,633</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Vehicles</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">33,324</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">31,606</FONT></TD></TR>
  <TR STYLE="height: 16.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 16.5pt">Mortgage loans</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">112,511</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">105,064</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Corporate</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">136,461</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">139,268</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 18.75pt">Micro / small and medium companies</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">169,110</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">164,896</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">188,403</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">205,155</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total loans and lease operations</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">910,590</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Provision for Expected Loss</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(50,863)</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(52,324)</FONT></TD></TR>
  <TR STYLE="height: 32.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: justify; height: 32.25pt; width: 72%">Total loans and lease operations, net of Expected Credit Loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">859,727</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">857,098</FONT></TD></TR>
  <TR STYLE="height: 12pt; vertical-align: top">
    <TD STYLE="font-size: 9pt; text-align: justify; height: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt">By maturity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Overdue as from 1 day</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">27,531</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30,656</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Falling due up to 3 months</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">241,247</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">247,233</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Falling due from 3 months to 12 months</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">236,555</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">228,942</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Falling due after 1 year</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">405,257</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">402,591</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total loans and lease operations</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">910,590</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt">By concentration</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Largest debtor</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,378</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,916</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">10 largest debtors</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">34,637</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">33,265</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">20 largest debtors</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">54,100</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">50,714</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">50 largest debtors</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">87,446</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">85,427</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; height: 17.25pt">100 largest debtors</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">121,866</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">118,015</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">The Expected loss comprises Expected Credit
Loss for Financial Guarantees Pledged R$ (887) (R$ (810) at 12/31/2022) and Loan Commitments R$ (3,311) (R$ (2,874) at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">The breakdown of the loans and lease operations
portfolio by debtor&#8217;s industry is described in Note&nbsp;32, item 1.4.1 - By business sector.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Gross Carrying Amount
(Loan Portfolio)</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="9" STYLE="height: 17.25pt">Reconciliation of gross portfolio of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 26%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 7%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">305,210</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(58,899)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,256)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">37,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">186</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,334</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">317,335</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">133,205</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,040)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(31)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">421</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">118</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,757)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">130,916</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="height: 18.75pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">142,621</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(14,081)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,328)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,786</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">422</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,002</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">145,422</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">182,516</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(8,899)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(903)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,281</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(10,028)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">166,981</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">763,552</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(82,919)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4,518)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">48,248</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">740</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">35,551</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">760,654</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">59,639</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(37,760)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(14,261)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">58,899</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,299</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,237)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">63,579</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">901</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(421)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(297)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,040</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(280)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">956</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,299</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,786)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,376)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14,081</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">682</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,813)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,087</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,863</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,281)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,222)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,899</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">339</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,521)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,077</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 18.75pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">86,702</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(48,248)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(24,156)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">82,919</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,333</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,851)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">89,699</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,254</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(186)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,299)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,256</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14,261</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(25,133)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,549</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,702</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,162</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(118)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">31</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">297</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(138)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(632)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,589</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(422)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(682)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,328</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,376</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,930)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(45)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,601</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,776</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(14)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(339)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">903</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,222</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,823)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,380)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,345</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,168</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(740)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,333)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,518</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">24,156</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(33,024)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,492</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">60,237</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Derecognition <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">400,103</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(25,133)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41,646</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">416,616</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139,268</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(138)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,669)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">136,461</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">164,896</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,930)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,144</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">169,110</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205,155</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,823)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13,929)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">188,403</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(33,024)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">34,192</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">910,590</FONT></TD></TR>
  <TR STYLE="height: 32.25pt; vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify; height: 32.25pt">1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part there of have first gone through stage 2.<BR>
2) Includes updating the estimate regarding the write-off of operations.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="9" STYLE="height: 17.25pt">Reconciliation of gross portfolio of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 26%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">270,371</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(65,771)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,966)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">29,153</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">61</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">74,362</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">305,210</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">128,519</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(626)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,360)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,098</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">137</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,437</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">133,205</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="height: 18.75pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">124,555</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(18,158)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,600)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16,215</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">170</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21,439</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">142,621</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">178,719</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,720)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,014)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,426</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,086</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">182,516</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">702,164</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(92,275)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(7,940)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">48,892</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">387</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">112,324</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">763,552</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">38,168</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(29,153)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13,041)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">65,771</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,392</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,498)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">59,639</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,600</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,098)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(173)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">626</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(73)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">901</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16,749</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(16,215)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,310)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18,158</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,167</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,250)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,299</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,389</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,426)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,388)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,720</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">831</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,263)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,863</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 18.75pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">69,906</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(48,892)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(20,912)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">92,275</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,409</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,084)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">86,702</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23,997</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(61)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,392)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,966</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,041</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13,876)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,579</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,254</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,915</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(137)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,360</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">173</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(822)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,308)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,162</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,666</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(170)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,167)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,600</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,310</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,661)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">398</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,976</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,942</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(831)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,014</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,388</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,783)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,935)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,776</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">50,520</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(387)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,409)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,940</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,912</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(20,142)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,734</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,168</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">332,536</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13,876)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">81,443</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">400,103</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">135,034</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(822)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,056</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139,268</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">149,970</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,661)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18,587</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">164,896</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205,050</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,783)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,888</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205,155</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">822,590</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(20,142)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">106,974</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; height: 12.75pt">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.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Total portfolio comprises R$ 1,357&nbsp;(R$ 14,052&nbsp;at 12/31/2022)&nbsp;pegged
to Libor.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 12/31/2022, the change in the period
of the parameter used to estimate the significant increase/reduction in credit risk caused an effect on the transfer from stage 1 to stage
2 in the amount of R$ 26,005 and in the transfer from stage 2 to 1 in the amount if R$ 27,155.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Modification of contractual cash flows</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The amortized cost of financial assets classified
in stages 2 and stage 3, which had their contractual cash flows modified was R$ 1,641&nbsp;(R$ 1,949&nbsp;at 12/31/2022) before the modification,
which gave rise to an effect on profit or loss&nbsp;of R$ 23&nbsp;(R$ 13&nbsp;from&nbsp;01/01 to 12/31/2022). At&nbsp;12/31/2023,&nbsp;the
gross carrying amount of financial assets which had their contractual cash flows modified in the period and were transferred to stage
1 corresponds to&nbsp;R$ 384&nbsp;(R$ 601&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Expected credit loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="9" STYLE="height: 17.25pt">Reconciliation of expected credit loss of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 25%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,414)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,111</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">49</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,381)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(8)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">720</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,923)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(480)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(40)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(273)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(780)</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="height: 18.75pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,431)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">251</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">22</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(418)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(110)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">538</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,148)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,339)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">201</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(155)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">382</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,892)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,664)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,579</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">93</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,994)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(124)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,367</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,743)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,647)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,381</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,719</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,111)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(128)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,341)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,127)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(503)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">40</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">46</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(16)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(260)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(697)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,227)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">418</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,312</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(251)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(133)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(983)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,864)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,546)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">155</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">851</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(201)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(110)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(646)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,497)</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 18.75pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,923)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,994</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,928</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,579)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(375)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(7,230)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(10,185)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,220)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">128</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(49)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,719)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">25,133</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,282)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(18,001)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,470)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(46)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">138</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(842)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,213)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,932)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">110</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">133</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(22)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,312)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,930</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,403)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,496)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,115)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">110</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(21)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(851)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,823</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,173)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,225)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(32,737)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">124</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">375</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(93)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,928)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,024</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(25,700)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(31,935)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(30,281)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">25,133</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(23,903)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(29,051)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,453)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">138</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,375)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,690)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,590)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,930</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,848)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(8,508)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,000)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,823</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,437)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,614)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(52,324)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,024</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(31,563)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(50,863)</FONT></TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify; height: 15.75pt">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.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD COLSPAN="9" STYLE="height: 18pt">Reconciliation of expected credit loss of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 25%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 2 <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Cure from Stage 2 <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6,851)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,045</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">222</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,445)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">618</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,414)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(413)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(127)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">56</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(480)</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="height: 18.75pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,812)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">767</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">98</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(806)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(33)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">355</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,431)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,373)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">179</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(91)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(67)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,339)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(11,449)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,997</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">339</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,469)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(44)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">962</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,664)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 18pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 39pt">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Cure to Stage 1 <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer from Stage 1 <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 21pt; vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 21pt">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,501)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,445</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,648</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,045)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(122)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,072)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,647)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(865)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">127</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">31</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(6)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">219</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(503)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,556)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">806</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,055</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(767)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(201)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,564)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,227)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,353)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">91</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">592</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(179)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(219)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(478)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,546)</FONT></TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 18.75pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,275)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,469</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,326</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,997)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(551)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,895)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,923)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2021</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(12,868)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">122</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(222)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,648)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,876</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(15,483)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,220)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,529)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(31)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">822</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,743)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,470)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,023)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">33</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">201</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(98)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,055)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,661</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,651)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,932)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,172)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">219</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(18)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(592)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,783</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(340)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,115)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(24,592)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">44</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">551</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(339)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,326)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,142</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(22,217)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(32,737)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 35.25pt">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(24,220)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,876</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,937)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(30,281)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,807)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">822</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,468)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,453)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,391)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,661</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,860)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,590)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,898)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,783</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(885)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,000)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(44,316)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,142</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(28,150)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(52,324)</FONT></TD></TR>
  <TR STYLE="height: 27.75pt; vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify; height: 27.75pt">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.<BR>
2) Reflects the expected credit loss arising from the change in the period of the parameter used to estimate the significant increase/decrease in credit risk.</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The consolidated balance of 3 Stages comprises
Expected credit loss for Financial guarantees of&nbsp;R$ (887)&nbsp;(R$ (810)&nbsp;at&nbsp;12/31/2022)&nbsp;and Loan commitments of&nbsp;R$
(3,311)&nbsp;(R$ (2,874)&nbsp;at&nbsp;12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Lease operations -
Lessor</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="padding-bottom: 9pt; text-align: justify">Finance leases are composed of vehicles, machines, equipment and real estate in Brazil and abroad. The analysis of portfolio maturities is presented below:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Payments receivable</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Future financial income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Present value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Payments receivable</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Future financial income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Present value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,208</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(482)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,726</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,273</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(617)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,656</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Up to 1 year</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,208</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(482)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,726</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,273</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(617)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,656</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,690</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,739)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">5,951</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,087</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,894)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,193</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">From 1 to 2 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,584</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(434)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,150</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,888</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(596)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,292</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">From 2 to 3 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,338</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(416)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">922</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,455</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(449)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,006</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">From 3 to 4 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(333)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">689</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,026</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(339)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">687</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">From 4 to 5 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">770</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(275)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">495</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">814</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(271)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">543</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Over 5 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,281)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,695</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,904</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,239)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,665</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">10,898</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,221)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,677</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11,360</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,511)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,849</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 23.25pt">
    <TD COLSPAN="3" STYLE="vertical-align: top; height: 23.25pt">Financial lease revenues are composed of:</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 34.5pt; width: 67%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">01/01 to 12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">01/01 to 12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">01/01 to 12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial income</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">884</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">901</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">742</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Variable payments</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">891</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">908</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">752</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>e) Operations of securitization
or transfer and acquisition of financial assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 50.25pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="text-align: justify; height: 50.25pt">ITA&Uacute; UNIBANCO HOLDING carried out operations of securitization or transfer of financial assets in which there was retention of credit risks of financial assets transferred under co-obligation covenants. Thus, these credits are still recorded in the Balance Sheet and are represented as follows:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 51.75pt">Nature of operation</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Liabilities <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Liabilities <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt; width: 19%">Mortgage loan</TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">140</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139</FONT></TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">170</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">168</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">170</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">168</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Working capital</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">502</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">502</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">502</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">502</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">602</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">602</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">602</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">602</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">641</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">642</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">641</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">641</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">770</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">770</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt; height: 17.25pt">1) Under Other liabilities.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">From&nbsp;01/01 to 12/31/2023, operations
of transfer of financial assets with no retention of risks and benefits generated impact on the result of R$ 219 (R$ 513 from 01/01 to
12/31/2022), net of the Allowance for Loan Losses.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 11 - Investments
in associates and joint ventures</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Non-material individual
investments of ITA&Uacute; UNIBANCO HOLDING</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2023</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Investment</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Equity in earnings</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Other comprehensive income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total Income</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Associates</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,415</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">993</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,014</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Joint ventures</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">878</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(73)</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(73)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,293</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">920</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">21</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">941</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 12/31/2021</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Investment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Equity in earnings</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other comprehensive income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total Income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Equity in earnings</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Associates</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,187</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">736</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(15)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">721</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,238</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Joint ventures</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">256</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(64)</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(64)</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(74)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,443</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">672</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(15)</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">657</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,164</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 12/31/2023, the balances of Associates
include interest in total capital and voting capital of the following companies: Pravaler S.A. (50.92% total capital and 41.67% voting
capital; 51.94% total capital and 41.97% voting capital at 12/31/2022); Porto Seguro lta&uacute; Unibanco Participa&ccedil;&otilde;es
S.A. (42.93% total and voting capital; 42.93%&nbsp;at 12/31/2022); BSF Holding S.A. (49% total and voting capital; 49% at 12/31/2022);
Gestora de Intelig&ecirc;ncia de Cr&eacute;dito S.A (15.71% total capital and 16% voting capital;&nbsp;15.71% total capital and 16% voting
capital at 12/31/2022); Compa&ntilde;ia Uruguaya de Medios de Procesamiento S.A. (31.42% total and voting capital; 31.42% at 12/31/2022);
Rias Redbanc S.A. (25% total and voting capital;&nbsp;25%&nbsp;at 12/31/2022); Kinea Private Equity Investimentos S.A. (80% total capital
and 49% voting capital; 80% total capital and 49% voting capital at 12/31/2022); Tecnologia Banc&aacute;ria S.A. (28.05% total capital
and 28.95% voting capital; 28.05% total capital and 28.95% voting capital at 12/31/2022); CIP S.A. (22.89% total and voting capital; 23.33%
at 12/31/2022); Prex Holding LLC (30% total and voting capital; 30% at 12/31/2022); Banfur lnternational S.A. (30% total and voting capital;&nbsp;30%
at 12/31/2022); Biomas &#8211; Servi&ccedil;os Ambientais, Restaura&ccedil;&atilde;o e Carbono S.A. (16.67%&nbsp;total and voting capital),
Rede Agro Fidelidade e Intermedia&ccedil;&atilde;o S.A. (12.82%&nbsp;total and voting capital) and Avenue Holding Cayman (35%&nbsp;total
and voting capital).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At&nbsp;12/31/2023,&nbsp;the balances of
Joint ventures include interest in total and voting capital of the following companies: Ol&iacute;mpia Promo&ccedil;&atilde;o e Servi&ccedil;os
S.A. (50% total and voting capital; 50% at&nbsp;12/31/2022); ConectCar Solu&ccedil;&otilde;es de Mobilidade Eletr&ocirc;nica S.A. (50%
total and voting capital; 50% at 12/31/2022); TOTVS Techfin S.A. (50%&nbsp;total and voting capital) and includes result not arising from
subsidiaries' net income.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 12 - Lease Operations
- Lessee</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on lease operations
(lessee) is presented in Note&nbsp;2c VII.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During the period ended 12/31/2023, total
cash outflow with lease amounted to R$ 1,470&nbsp;and lease agreements in the amount of&nbsp;R$ 232 were renewed. There are no relevant
sublease agreements.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Total liabilities in accordance with remaining
contractual maturities, considering their undiscounted flows, are presented below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt; width: 66%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 17%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 17%">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Up to 3 months</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">275</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">283</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">3 months to 1 year</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">706</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">790</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">From 1 to 5 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,588</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,716</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Over 5 years</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,197</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">930</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total Financial Liability</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,766</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,719</FONT></TD></TR>
  </TABLE>



<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify; height: 34.5pt">Lease amounts recognized in the Consolidated Statement of Income:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 34.5pt; width: 61%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt">Sublease revenues</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">26</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">26</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Depreciation expenses</TD>
    <TD STYLE="text-align: right">(863)</TD>
    <TD STYLE="text-align: right">(951)</TD>
    <TD STYLE="text-align: right">(1,279)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Interest expenses</TD>
    <TD STYLE="text-align: right">(367)</TD>
    <TD STYLE="text-align: right">(414)</TD>
    <TD STYLE="text-align: right">(302)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Lease expenses for low value assets</TD>
    <TD STYLE="text-align: right">(104)</TD>
    <TD STYLE="text-align: right">(102)</TD>
    <TD STYLE="text-align: right">(84)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Variable expenses not include in lease liabilities</TD>
    <TD STYLE="text-align: right">(57)</TD>
    <TD STYLE="text-align: right">(58)</TD>
    <TD STYLE="text-align: right">(68)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(1,365)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(1,499)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(1,717)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">In the periods from 01/01 to 12/31/2023,
from&nbsp;01/01 to 12/31/2022&nbsp;and from&nbsp;01/01 to 12/31/2021, there was no impairment adjustment.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 13 - Fixed assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on&nbsp;fixed assets
and impairment of non-financial assets is presented in Notes&nbsp;2c VIII, 2c X.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; font-weight: bold; text-align: center">Fixed assets</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Anual depreciation rates</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Depreciation</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impairment</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Residual</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 36%">Real Estate</TD>
    <TD STYLE="font-weight: bold; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">9,075</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">(3,706)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">(198)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">5,171</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Land</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">2,039</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,039</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Buildings and Improvements</TD>
    <TD STYLE="text-align: center">4% to 10%</TD>
    <TD STYLE="text-align: right">7,036</TD>
    <TD STYLE="text-align: right">(3,706)</TD>
    <TD STYLE="text-align: right">(198)</TD>
    <TD STYLE="text-align: right">3,132</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Other fixed assets</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,353</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,321)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(68)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,964</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Installations and furniture</TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">3,347</TD>
    <TD STYLE="text-align: right">(2,530)</TD>
    <TD STYLE="text-align: right">(17)</TD>
    <TD STYLE="text-align: right">800</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Data processing systems</TD>
    <TD STYLE="text-align: center">20% to 50%</TD>
    <TD STYLE="text-align: right">9,330</TD>
    <TD STYLE="text-align: right">(7,480)</TD>
    <TD STYLE="text-align: right">(51)</TD>
    <TD STYLE="text-align: right">1,799</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">2,676</TD>
    <TD STYLE="text-align: right">(1,311)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,365</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">24,428</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(15,027)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(266)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9,135</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; height: 17.25pt">1) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments.</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fixed assets</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Anual depreciation rates</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Depreciation</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impairment</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Residual</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Real Estate</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,132</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,835)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(151)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,146</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Land</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">1,199</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,199</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Buildings and Improvements</TD>
    <TD STYLE="text-align: center">4% to 10%</TD>
    <TD STYLE="text-align: right">5,933</TD>
    <TD STYLE="text-align: right">(3,835)</TD>
    <TD STYLE="text-align: right">(151)</TD>
    <TD STYLE="text-align: right">1,947</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Other fixed assets</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,254</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,588)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(45)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,621</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Installations and furniture</TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">3,559</TD>
    <TD STYLE="text-align: right">(2,655)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">890</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Data processing systems</TD>
    <TD STYLE="text-align: center">20% to 50%</TD>
    <TD STYLE="text-align: right">9,786</TD>
    <TD STYLE="text-align: right">(7,659)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">2,096</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">2,909</TD>
    <TD STYLE="text-align: right">(1,274)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,635</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">23,386</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(15,423)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(196)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,767</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; height: 17.25pt">1) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The contractual commitments for purchase
of the fixed assets totaled R$ 3&nbsp;(R$ 3&nbsp;at&nbsp;12/31/2022), achievable by 2024 (Note 32b III.lI - Off balance commitments).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 14 - Goodwill and
Intangible assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policies on goodwill and
intangible assets and&nbsp;impairment of non-financial assets are presented in Note&nbsp;2c IX, 2c X.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Goodwill and intangible from acquisition</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Intangible assets</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 50.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 50.25pt">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Association for the promotion and offer of financial products and services</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Software acquired</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Internally developed software</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Other intangible assets <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 24.75pt; vertical-align: top">
    <TD COLSPAN="2" STYLE="height: 24.75pt">Annual amortization rates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">8%</TD>
    <TD STYLE="text-align: center">20%</TD>
    <TD STYLE="text-align: center">20%</TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt; width: 5%">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 24%">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">12,431</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 21%">2,366</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">5,423</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">16,088</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">7,634</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%">43,942</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Acquisitions</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">603</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">452</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,634</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">687</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,376</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Termination / disposals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(246)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(100)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(43)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(599)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(988)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Exchange variation</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(777)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">133</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(56)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(95)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(120)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(915)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Other</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(26)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(542)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(577)</FONT></TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: top">
    <TD STYLE="white-space: nowrap; font-weight: bold; height: 22.5pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2023</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,255</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,227</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,177</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,577</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,602</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,838</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Amortization</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,357)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,737)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,133)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,166)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14,393)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Amortization expense</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(87)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(431)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,295)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,276)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,089)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Termination / disposals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">227</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">58</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">569</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">854</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Exchange variation</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(49)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">56</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">107</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">132</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">24</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">379</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(50)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">353</FONT></TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: top">
    <TD STYLE="font-weight: bold; height: 22.5pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2023</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,242)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,713)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,422)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,766)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,143)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Impairment</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,881)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(559)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(824)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,435)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Increase</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(265)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(268)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Exchange variation</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">461</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(89)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">372</FONT></TD></TR>
  <TR STYLE="height: 22.5pt">
    <TD STYLE="font-weight: bold; vertical-align: top; height: 22.5pt">Balance at</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">&nbsp;12/31/2023</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(4,420)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(648)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(174)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(1,089)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(6,331)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Book value</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">7,835</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">337</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,290</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">10,066</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">3,836</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">23,364</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify; height: 15.75pt">1) Includes amounts paid to the rights for acquisition of payrolls, proceeds, retirement and pension benefits and similar benefits.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Goodwill and intangible from acquisition</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Intangible assets</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 61.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 61.5pt">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31/12/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Association for the promotion and offer of financial products and services</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Software acquired</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Internally developed software</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Other intangible assets <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: top">
    <TD COLSPAN="2" STYLE="height: 22.5pt">Annual amortization rates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">8%</TD>
    <TD STYLE="text-align: center">20%</TD>
    <TD STYLE="text-align: center">20%</TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt; width: 6%">Cost</TD>
    <TD STYLE="color: white; font-weight: bold; width: 17%">01/01/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 19%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="white-space: nowrap; font-weight: bold; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,031</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,657</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,476</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,157</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,431</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">39,752</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Acquisitions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">519</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,208</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,041</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,768</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Termination / disposals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(23)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(480)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(504)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Exchange variation</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(600)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(276)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(339)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(41)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,256)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(15)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,210)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">724</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">683</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">182</FONT></TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: top">
    <TD STYLE="font-weight: bold; height: 22.5pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,431</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,366</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,423</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,088</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,634</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">43,942</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Amortization</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,374)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,149)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,220)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,984)</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(11,727)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Amortization expense</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(115)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(517)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,511)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,200)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,343)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Termination / disposals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">480</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">487</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Exchange variation</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">116</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">188</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">28</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">329</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">16</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">734</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(399)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(490)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(139)</FONT></TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: top">
    <TD STYLE="font-weight: bold; height: 22.5pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,357)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,737)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,133)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,166)</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(14,393)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Impairment</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,209)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(712)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(823)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,915)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Increase</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 14.25pt">Exchange variation</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">328</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">153</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">481</FONT></TD></TR>
  <TR STYLE="height: 22.5pt; vertical-align: top">
    <TD STYLE="font-weight: bold; height: 22.5pt">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,881)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(559)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(824)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,435)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Book value</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 14.25pt">Balance at</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">7,550</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">450</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,515</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,131</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,468</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,114</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify; height: 12.75pt">1) Includes amounts paid to the rights for acquisition of payrolls, proceeds, retirement and pension benefits and similar benefits.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Amortization expense related to the rights
for acquisition of payrolls and associations, in the amount of&nbsp;R$ (1,249)&nbsp;(R$ (1,202)&nbsp;at&nbsp;12/31/2022) is disclosed
in the General and administrative expenses (Note&nbsp;23).&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 12/31/2022, in Other is included the
total amount of&nbsp;R$ 61,&nbsp;related to the hyperinflationary adjustment for Argentina.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Goodwill and Intangible Assets from Acquisition
are mainly represented by Banco Ita&uacute; Chile&#8217;s goodwill in the amount of R$ 2,709&nbsp;(R$ 3,015&nbsp;at&nbsp;12/31/2022).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 15 - Deposits</B></P>



<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 27%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Interest-bearing deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">367,270</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">470,534</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">837,804</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">376,238</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">372,635</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">748,873</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Savings deposits</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">174,765</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">174,765</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">179,764</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">179,764</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Interbank deposits</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,445</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,448</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,821</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">73</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,894</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Time deposits</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">186,060</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">470,531</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">656,591</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">191,653</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">372,562</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">564,215</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Non-interest bearing deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">113,548</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">113,548</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">122,565</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">122,565</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Demand deposits</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">105,634</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">105,634</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">117,587</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">117,587</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 17.25pt">Other deposits</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,914</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,914</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,978</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,978</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">480,818</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">470,534</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">951,352</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">498,803</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">372,635</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">871,438</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 16 - Financial liabilities
designated at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on financial assets
and liabilities is presented in Note&nbsp;2c IV.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 27%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Structured notes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Debt securities</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">294</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">296</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">62</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">64</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">296</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">62</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">64</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">The effect of credit risk of these instruments is not significant
at&nbsp;12/31/2023&nbsp;and&nbsp;12/31/2022.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Debt securities do not have a defined amount
on maturity, since they vary according to market quotation and an exchange variation component, respectively.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 17 - Securities
sold under repurchase agreements and interbank and institutional market funds</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Securities sold under
repurchase agreements</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 16.5pt; vertical-align: middle">
    <TD COLSPAN="9" STYLE="height: 16.5pt">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest rate (p.a.)</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 34%">Assets pledged as collateral</TD>
    <TD STYLE="text-align: center; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">159,712</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">159,719</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,700</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">119</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,819</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Government securities</TD>
    <TD STYLE="text-align: center">11.3% to 100% of SELIC</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">128,600</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">128,600</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">66,665</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">66,665</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="text-align: center">45% to 95% of CDI</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30,714</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30,714</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">22,562</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">22,562</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Own issue</TD>
    <TD STYLE="text-align: center">13.8% to 15.75%</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Foreign</TD>
    <TD STYLE="text-align: center">4.1% to 7.25%</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">397</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">397</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,471</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">113</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,584</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Assets received as collateral</TD>
    <TD STYLE="font-weight: bold; text-align: center">11.3% to 11.65%</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,437</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,437</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,375</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,375</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Right to sell or repledge the collateral</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">4.75% to 98.5% of CDI</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">44,256</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">31,374</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">75,630</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">52,723</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">22,523</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">75,246</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">331,405</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">31,381</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">362,786</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">270,798</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">22,642</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">293,440</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Interbank market funds</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest rate (p.a.)</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt; width: 31%">Financial bills</TD>
    <TD STYLE="text-align: center; width: 20%">0.28% to 17.28%</TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">38,061</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">43,136</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">81,197</FONT></TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,842</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">62,763</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">66,605</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Real estate credit bills</TD>
    <TD STYLE="text-align: center">5.49% to 13.73%</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">28,476</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">20,479</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">48,955</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">24,274</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,843</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">28,117</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Rural credit bills</TD>
    <TD STYLE="text-align: center">4.9% to 13.9%</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,037</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">22,035</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">39,072</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">26,547</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,736</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">36,283</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Guaranteed real estate bills</TD>
    <TD STYLE="text-align: center">5.21% to 14.87%</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,131</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">53,059</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">59,190</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,908</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">45,667</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">50,575</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Import and export financing</TD>
    <TD STYLE="text-align: center">0% to 8.5%</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">81,594</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,550</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">87,144</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">74,304</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">26,848</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">101,152</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Onlending domestic</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">0% to 18%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,472</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,615</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,087</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,553</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,302</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">11,855</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">175,771</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">152,874</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">328,645</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">137,428</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">157,159</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294,587</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">The total portfolio comprises R$ 0&nbsp;(R$ 1,032 at 12/31/2022)
pegged to&nbsp;Libor.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Funding for import and export financing
represents credit facilities available for financing of imports and exports of Brazilian companies, in general denominated in foreign
currency.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Institutional market
funds</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest rate (p.a.)</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt; width: 34%">Subordinated debt</TD>
    <TD STYLE="text-align: center; width: 17%">LIB to 100% of CDI</TD>
    <TD STYLE="text-align: right; width: 8%">836</TD>
    <TD STYLE="text-align: right; width: 8%">45,841</TD>
    <TD STYLE="text-align: right; width: 8%">46,677</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 8%">9,851</TD>
    <TD STYLE="text-align: right; width: 8%">44,689</TD>
    <TD STYLE="text-align: right; width: 8%">54,540</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Foreign loans through securities</TD>
    <TD STYLE="text-align: center">0.09% to 5.61%</TD>
    <TD STYLE="text-align: right">9,442</TD>
    <TD STYLE="text-align: right">53,250</TD>
    <TD STYLE="text-align: right">62,692</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">10,333</TD>
    <TD STYLE="text-align: right">60,188</TD>
    <TD STYLE="text-align: right">70,521</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Funding from structured operations certificates</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">3.76% to 19.38%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">975</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9,247</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10,222</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">547</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,774</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,321</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">11,253</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">108,338</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">119,591</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">20,731</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">108,651</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">129,382</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fair value of Funding from structured
operations certificates is R$ 11,448 (R$ 4,949 at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Subordinated debt,
including perpetual debts</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 41%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 34.5pt">Name of security / currency</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Principal amount (original currency)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Issue</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Maturity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Return p.a.</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Subordinated financial bills - BRL</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,146</TD>
    <TD STYLE="text-align: right">2019</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">114% of SELIC</TD>
    <TD STYLE="text-align: right">2,237</TD>
    <TD STYLE="text-align: right">2,249</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">935</TD>
    <TD STYLE="text-align: right">2019</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">SELIC + 1.17% to 1.19%</TD>
    <TD STYLE="text-align: right">1,052</TD>
    <TD STYLE="text-align: right">1,047</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD STYLE="text-align: right">2019</TD>
    <TD STYLE="text-align: right">2028</TD>
    <TD STYLE="text-align: right">CDI + 0.72%</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">62</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">2,281</TD>
    <TD STYLE="text-align: right">2019</TD>
    <TD STYLE="text-align: right">2029</TD>
    <TD STYLE="text-align: right">CDI + 0.75%</TD>
    <TD STYLE="text-align: right">3,227</TD>
    <TD STYLE="text-align: right">2,834</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">450</TD>
    <TD STYLE="text-align: right">2020</TD>
    <TD STYLE="text-align: right">2029</TD>
    <TD STYLE="text-align: right">CDI + 1.85%</TD>
    <TD STYLE="text-align: right">633</TD>
    <TD STYLE="text-align: right">550</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">106</TD>
    <TD STYLE="text-align: right">2020</TD>
    <TD STYLE="text-align: right">2030</TD>
    <TD STYLE="text-align: right">IPCA + 4.64%</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD STYLE="text-align: right">138</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,556</TD>
    <TD STYLE="text-align: right">2020</TD>
    <TD STYLE="text-align: right">2030</TD>
    <TD STYLE="text-align: right">CDI + 2%</TD>
    <TD STYLE="text-align: right">2,199</TD>
    <TD STYLE="text-align: right">1,907</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">5,488</TD>
    <TD STYLE="text-align: right">2021</TD>
    <TD STYLE="text-align: right">2031</TD>
    <TD STYLE="text-align: right">CDI + 2%</TD>
    <TD STYLE="text-align: right">7,469</TD>
    <TD STYLE="text-align: right">6,478</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,005</TD>
    <TD STYLE="text-align: right">2022</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">CDI + 2.4%</TD>
    <TD STYLE="text-align: right">1,029</TD>
    <TD STYLE="text-align: right">1,041</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,161</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">2034</TD>
    <TD STYLE="text-align: right">102% of CDI</TD>
    <TD STYLE="text-align: right">1,141</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">108</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">2034</TD>
    <TD STYLE="text-align: right">CDI + 0.2%</TD>
    <TD STYLE="text-align: right">107</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">122</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">2034</TD>
    <TD STYLE="text-align: right">10.63%</TD>
    <TD STYLE="text-align: right">121</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">700</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">CDI + 1.9%</TD>
    <TD STYLE="text-align: right">713</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">107</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">2034</TD>
    <TD STYLE="text-align: right">IPCA + 5.48%</TD>
    <TD STYLE="text-align: right">106</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,256</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,306</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Subordinated euronotes - USD</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,870</TD>
    <TD STYLE="text-align: right">2012</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">5.13%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,735</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,250</TD>
    <TD STYLE="text-align: right">2017</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">7.72%</TD>
    <TD STYLE="text-align: right">6,042</TD>
    <TD STYLE="text-align: right">6,516</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">750</TD>
    <TD STYLE="text-align: right">2018</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">6.50%</TD>
    <TD STYLE="text-align: right">3,709</TD>
    <TD STYLE="text-align: right">3,985</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">750</TD>
    <TD STYLE="text-align: right">2019</TD>
    <TD STYLE="text-align: right">2029</TD>
    <TD STYLE="text-align: right">4.50%</TD>
    <TD STYLE="text-align: right">3,640</TD>
    <TD STYLE="text-align: right">3,932</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">700</TD>
    <TD STYLE="text-align: right">2020</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">4.63%</TD>
    <TD STYLE="text-align: right">3,441</TD>
    <TD STYLE="text-align: right">3,708</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">501</TD>
    <TD STYLE="text-align: right">2021</TD>
    <TD STYLE="text-align: right">2031</TD>
    <TD STYLE="text-align: right">3.88%</TD>
    <TD STYLE="text-align: right">2,430</TD>
    <TD STYLE="text-align: right">2,623</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">200</TD>
    <TD STYLE="text-align: right">2022</TD>
    <TD STYLE="text-align: right">Perpetual</TD>
    <TD STYLE="text-align: right">6.80%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,262</TD>
    <TD STYLE="font-weight: bold; text-align: right">30,502</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Subordinated bonds - CLP</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">180,351</TD>
    <TD STYLE="text-align: right">2008</TD>
    <TD STYLE="text-align: right">2033</TD>
    <TD STYLE="text-align: right">3.50% to 4.92%</TD>
    <TD STYLE="text-align: right">1,366</TD>
    <TD STYLE="text-align: right">1,476</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">97,962</TD>
    <TD STYLE="text-align: right">2009</TD>
    <TD STYLE="text-align: right">2035</TD>
    <TD STYLE="text-align: right">4.75%</TD>
    <TD STYLE="text-align: right">1,060</TD>
    <TD STYLE="text-align: right">1,133</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,060,250</TD>
    <TD STYLE="text-align: right">2010</TD>
    <TD STYLE="text-align: right">2032</TD>
    <TD STYLE="text-align: right">4.35%</TD>
    <TD STYLE="text-align: right">105</TD>
    <TD STYLE="text-align: right">112</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,060,250</TD>
    <TD STYLE="text-align: right">2010</TD>
    <TD STYLE="text-align: right">2035</TD>
    <TD STYLE="text-align: right">3.90% to 3.96%</TD>
    <TD STYLE="text-align: right">242</TD>
    <TD STYLE="text-align: right">257</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,060,250</TD>
    <TD STYLE="text-align: right">2010</TD>
    <TD STYLE="text-align: right">2036</TD>
    <TD STYLE="text-align: right">4.48%</TD>
    <TD STYLE="text-align: right">1,152</TD>
    <TD STYLE="text-align: right">1,225</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,060,250</TD>
    <TD STYLE="text-align: right">2010</TD>
    <TD STYLE="text-align: right">2038</TD>
    <TD STYLE="text-align: right">3.93%</TD>
    <TD STYLE="text-align: right">839</TD>
    <TD STYLE="text-align: right">892</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,060,250</TD>
    <TD STYLE="text-align: right">2010</TD>
    <TD STYLE="text-align: right">2040</TD>
    <TD STYLE="text-align: right">4.15% to 4.29%</TD>
    <TD STYLE="text-align: right">647</TD>
    <TD STYLE="text-align: right">687</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,060,250</TD>
    <TD STYLE="text-align: right">2010</TD>
    <TD STYLE="text-align: right">2042</TD>
    <TD STYLE="text-align: right">4.45%</TD>
    <TD STYLE="text-align: right">315</TD>
    <TD STYLE="text-align: right">335</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">57,168</TD>
    <TD STYLE="text-align: right">2014</TD>
    <TD STYLE="text-align: right">2034</TD>
    <TD STYLE="text-align: right">3.80%</TD>
    <TD STYLE="text-align: right">412</TD>
    <TD STYLE="text-align: right">438</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,138</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,555</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Subordinated bonds - COP</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">104,000</TD>
    <TD STYLE="text-align: right">2013</TD>
    <TD STYLE="text-align: right">2023</TD>
    <TD STYLE="text-align: right">IPC + 2%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">115</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">146,000</TD>
    <TD STYLE="text-align: right">2013</TD>
    <TD STYLE="text-align: right">2028</TD>
    <TD STYLE="text-align: right">IPC + 2%</TD>
    <TD STYLE="text-align: right">186</TD>
    <TD STYLE="text-align: right">161</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD STYLE="text-align: right">780,392</TD>
    <TD STYLE="text-align: right">2014</TD>
    <TD STYLE="text-align: right">2024</TD>
    <TD STYLE="text-align: right">LIB</TD>
    <TD STYLE="text-align: right">835</TD>
    <TD STYLE="text-align: right">901</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,021</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,177</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">46,677</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">54,540</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 18 - Other assets
and liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Other assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 14.25pt; width: 65%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2022</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Financial</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">129,050</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">111,284</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">At amortized cost</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,699</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">109,909</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Receivables from credit card issuers</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">80,957</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">65,852</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Deposits in guarantee for contingent liabilities, provisions and legal obligations</TD>
    <TD STYLE="text-align: center">29d</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,277</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,001</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Trading and intermediation of securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18,655</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,969</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Income receivable</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,784</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,610</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Operations without credit granting characteristics, net of provisions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,900</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Net amount receivables from reimbursement of provisions</TD>
    <TD STYLE="text-align: center">29c</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">943</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">899</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Deposits in guarantee of fund raisings abroad</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">67</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">648</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">At fair value through profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,351</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,375</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Other financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,351</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,375</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Non-financial</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,027</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">17,474</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Sundry foreign</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">771</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">965</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Prepaid expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,714</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,338</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Sundry domestic</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,629</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,653</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Assets of post-employment benefit plans</TD>
    <TD STYLE="text-align: center">26e</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">343</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">411</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Lease right-of-use</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,351</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,863</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 14.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,219</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,244</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,104</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">109,569</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 14.25pt">Non-current</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">21,973</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">19,189</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Other liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 14.25pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">12/31/2022</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Financial</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">182,348</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,234</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">At amortized cost</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">181,788</TD>
    <TD STYLE="font-weight: bold; text-align: right">166,651</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Credit card operations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">156,406</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">138,300</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Trading and intermediation of securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">15,510</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,744</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Foreign exchange portfolio</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,354</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,580</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Finance leases</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,302</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,929</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,216</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,098</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 14.25pt">At fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">560</TD>
    <TD STYLE="font-weight: bold; text-align: right">583</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 14.25pt">Other financial liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">560</TD>
    <TD STYLE="text-align: right">583</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Non-financial</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">41,867</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">47,895</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Funds in transit</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">15,250</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19,737</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Charging and collection of taxes and similar</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">608</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">551</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Social and statutory</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,675</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,375</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Deferred income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,316</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,737</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Sundry domestic</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,435</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,730</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Personnel provision</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,386</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,403</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Provision for sundry payments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,865</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,055</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Obligations on official agreements and rendering of payment services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,035</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,725</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Liabilities from post-employment benefit plans</TD>
    <TD STYLE="text-align: center">26e</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,772</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,320</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 14.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,525</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,262</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Current</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">212,882</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">205,883</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 14.25pt">Non-current</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11,333</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,246</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 19 - Stockholders&#8217;
equity</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policies on treasury shares&nbsp;and
capital compensation are&nbsp;presented in Notes&nbsp;2c XVI, 2c XVII.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Capital</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Capital is represented by&nbsp;9,804,135,348
book-entry shares with no par value, of which&nbsp;4,958,290,359 are common shares and&nbsp;4,845,844,989 are preferred shares with no
voting rights, but with tag-along rights in a public offering of shares, in a possible transfer of control, assuring them a price equal
to 80% (eighty per cent) of the amount paid per voting share in the controlling block, and a dividend at least equal to that of the common
shares.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The breakdown and change in shares of paid-in
capital in the beginning and end of the period are shown below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Number</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt; width: 44%">Residents in Brazil</TD>
    <TD STYLE="text-align: center; width: 12%">12/31/2022</TD>
    <TD STYLE="text-align: right; width: 11%">4,927,867,243</TD>
    <TD STYLE="text-align: right; width: 11%">1,629,498,182</TD>
    <TD STYLE="text-align: right; width: 11%">6,557,365,425</TD>
    <TD STYLE="text-align: right; width: 11%">60,683</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 17.25pt">Residents abroad</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">30,423,116</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,216,346,807</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,246,769,923</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">30,046</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,729</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">90,729</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Residents in Brazil</TD>
    <TD STYLE="text-align: center">12/31/2023</TD>
    <TD STYLE="text-align: right">4,923,277,339</TD>
    <TD STYLE="text-align: right">1,508,035,689</TD>
    <TD STYLE="text-align: right">6,431,313,028</TD>
    <TD STYLE="text-align: right">59,516</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Residents abroad</TD>
    <TD STYLE="text-align: center">12/31/2023</TD>
    <TD STYLE="text-align: right">35,013,020</TD>
    <TD STYLE="text-align: right">3,337,809,300</TD>
    <TD STYLE="text-align: right">3,372,822,320</TD>
    <TD STYLE="text-align: right">31,213</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; text-align: right">(71)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Acquisition of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">26,000,000</TD>
    <TD STYLE="text-align: right">26,000,000</TD>
    <TD STYLE="text-align: right">(689)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Result from delivery of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(28,832,017)</TD>
    <TD STYLE="text-align: right">(28,832,017)</TD>
    <TD STYLE="text-align: right">749</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">436,671</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">436,671</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(11)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,845,408,318</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,803,698,677</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,842,576,301</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,800,866,660</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Number</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Residents in Brazil</TD>
    <TD STYLE="text-align: center">12/31/2021</TD>
    <TD STYLE="text-align: right">4,929,997,183</TD>
    <TD STYLE="text-align: right">1,771,808,645</TD>
    <TD STYLE="text-align: right">6,701,805,828</TD>
    <TD STYLE="text-align: right">62,020</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 17.25pt">Residents abroad</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">28,293,176</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,074,036,344</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,102,329,520</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">28,709</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,729</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">90,729</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Residents in Brazil</TD>
    <TD STYLE="text-align: center">12/31/2022</TD>
    <TD STYLE="text-align: right">4,927,867,243</TD>
    <TD STYLE="text-align: right">1,629,498,182</TD>
    <TD STYLE="text-align: right">6,557,365,425</TD>
    <TD STYLE="text-align: right">60,683</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Residents abroad</TD>
    <TD STYLE="text-align: center">12/31/2022</TD>
    <TD STYLE="text-align: right">30,423,116</TD>
    <TD STYLE="text-align: right">3,216,346,807</TD>
    <TD STYLE="text-align: right">3,246,769,923</TD>
    <TD STYLE="text-align: right">30,046</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,244,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,244,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">(528)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Result from delivery of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(20,976,037)</TD>
    <TD STYLE="text-align: right">(20,976,037)</TD>
    <TD STYLE="text-align: right">457</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(71)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,842,576,301</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,800,866,660</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,821,600,264</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,779,890,623</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 47.25pt; vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; text-align: justify">1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury, for subsequent cancellation or replacement in the market.<BR>
2) Shares representing total capital stock net of treasury shares.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 40.5pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify; height: 40.5pt">We detail below the cost of shares purchased in the period, as well the average cost of treasury shares and their market price:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 34.5pt">Cost / market value</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Common</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt; width: 22%">Minimum</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 15%">-</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">25.52</TD>
    <TD STYLE="text-align: right; width: 13%">-</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Weighted average</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26.49</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27.13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt">Treasury shares</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Average cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25.98</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">21.76</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-bottom: black 1pt solid; height: 17.25pt">Market value on the last day of the base date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">28.84</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">33.97</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">21.89</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">25.00</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Dividends</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Shareholders are entitled to a mandatory
minimum dividend in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws. Common and preferred shares
participate equally in income distributed, after common shares have received dividends equal to the minimum annual priority dividend payable
to preferred shares (R$ 0.022 non-cumulative per share).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;monthly
advances the mandatory minimum dividend, using the share position of the last day of the previous month as the calculation basis, and
the payment made on the first business day of the subsequent month in the amount of R$ 0.015 per share.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Calculation of dividends
and interest on capital</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Statutory net income</TD>
    <TD STYLE="text-align: right">33,389</TD>
    <TD STYLE="text-align: right">29,695</TD>
    <TD STYLE="text-align: right">26,236</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Adjustments:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">(-)&nbsp;&nbsp;Legal reserve - 5%</TD>
    <TD STYLE="text-align: right">(1,669)</TD>
    <TD STYLE="text-align: right">(1,485)</TD>
    <TD STYLE="text-align: right">(1,312)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Dividend calculation basis</TD>
    <TD STYLE="font-weight: bold; text-align: right">31,720</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,210</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,924</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Minimum mandatory dividend - 25%</TD>
    <TD STYLE="text-align: right">7,930</TD>
    <TD STYLE="text-align: right">7,053</TD>
    <TD STYLE="text-align: right">6,231</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Dividends and interest on capital paid / accrued</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,468</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,368</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,231</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Stockholders' compensation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 33pt; width: 4%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; width: 56%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Gross value per share (R$)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">WHT (With holding tax)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Net</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Paid / prepaid</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,079</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,061)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,018</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - 11 monthly installments paid from February to December 2023</TD>
    <TD STYLE="vertical-align: top; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,902</TD>
    <TD STYLE="vertical-align: top; text-align: right">(285)</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,617</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - paid on 08/25/2023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2227</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,567</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(385)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,182</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt">Interest on capital - paid on 08/25/2023</TD>
    <TD STYLE="text-align: right">0.2264</TD>
    <TD STYLE="text-align: right">2,610</TD>
    <TD STYLE="text-align: right">(391)</TD>
    <TD STYLE="text-align: right">2,219</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Accrued (Recorded in Other liabilities - Social and statutory)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,236</TD>
    <TD STYLE="font-weight: bold; text-align: right">(786)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,450</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - 1 monthly installment paid on 01/02/2024</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">173</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(26)</TD>
    <TD STYLE="vertical-align: top; text-align: right">147</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - credited on 09/06/2023 to be paid until 04/30/2024</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2289</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,639</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(396)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,243</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - credited on 11/24/2023 to be paid until 04/30/2024</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2102</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,424</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(364)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,060</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; text-align: left; height: 17.25pt">Identified in Revenue Reserves in Stockholders' Equity</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">11,000</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">11,000</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; height: 17.25pt">Dividends</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1.1251</TD>
    <TD STYLE="vertical-align: middle; text-align: right">11,000</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: top; text-align: right">11,000</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="white-space: nowrap; font-weight: bold; text-align: left; height: 17.25pt">Total -</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;01/01 to 12/31/2023</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,315</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,847)</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,468</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="text-align: left; height: 31.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Gross value per share (R$)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Value</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">WHT (With holding tax)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Net</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: left; height: 17.25pt">Paid / prepaid</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,906</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(735)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,171</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">lnterest on capital - 11 monthly installments paid from February to December 2022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,902</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(285)</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,617</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">lnterest on capital - paid on 08/30/2022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2605</TD>
    <TD STYLE="vertical-align: middle; text-align: right">3,004</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(450)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,554</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; text-align: left; height: 17.25pt">Accrued (Recorded in Other liabilities - Social and statutory)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">4,938</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(741)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">4,197</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - 1 monthly installment paid on 01/02/2023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">173</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(26)</TD>
    <TD STYLE="vertical-align: top; text-align: right">147</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - credited on 12/08/2022 to be paid on 04/28/2023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.4133</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4,765</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(715)</TD>
    <TD STYLE="vertical-align: top; text-align: right">4,050</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; height: 17.25pt">Total -</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;01/01 to 12/31/2022</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,844</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,476)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,368</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 33pt; width: 4%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; width: 56%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Gross value per share (R$)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">WHT (With holding tax)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Net</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Paid / prepaid</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,179</TD>
    <TD STYLE="font-weight: bold; text-align: right">(407)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,772</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Dividends - 10 monthly installments paid from February to November 2021</TD>
    <TD STYLE="vertical-align: top; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,466</TD>
    <TD STYLE="vertical-align: top; text-align: right">-</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,466</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; height: 17.25pt">Interest on capital - 1 monthly installment paid on December 2021</TD>
    <TD STYLE="vertical-align: top; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">173</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(26)</TD>
    <TD STYLE="vertical-align: top; text-align: right">147</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; height: 17.25pt">Interest on capital - paid on 08/26/2021</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2207</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,540</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(381)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,159</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; height: 17.25pt">Accrued (Recorded in Other liabilities - Social and statutory)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">2,894</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(435)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">2,459</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interes on capital - 1 monthly installment paid on 01/03/2022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">173</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(26)</TD>
    <TD STYLE="vertical-align: top; text-align: right">147</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital - credited on 11/26/2021 to be paid until 04/29/2022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2249</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,587</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(388)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,199</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left; height: 17.25pt">Interest on capital</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0116</TD>
    <TD STYLE="vertical-align: middle; text-align: right">134</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(21)</TD>
    <TD STYLE="vertical-align: top; text-align: right">113</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold; text-align: left; height: 17.25pt">Total -</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;01/01 to 12/31/2021</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,073</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(842)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,231</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Capital reserves and
revenue reserves</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt; width: 65%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 12%">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 12%">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Capital reserves</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,620</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,480</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Premium on subscription of shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">284</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">284</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Share-based payment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,332</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,192</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Reserves from tax incentives, restatement of equity securities and other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Revenue reserves <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">104,465</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">86,209</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Legal <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">16,740</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">15,071</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Statutory <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">76,725</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">71,138</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Special revenue <SUP>(4)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Total reserves at parent company</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">107,085</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">88,689</TD></TR>
  <TR STYLE="height: 84.75pt; vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 84.75pt">1) Possible surplus of Revenue reserves in relation to the Capital will be distributed or capitalized as required by the following Annual General Stockholders' Meeting/Extraordinary General Stockholders' Meeting.<BR>
2) Its purpose is to ensure the integrity of capital, compensate loss or increase capital.<BR>
3) Its main purpose is to ensure the yield flow to shareholders.<BR>
4) Refers to Dividends declared after 12/31/2023.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Statutory reserves include&nbsp;R$ (263),
which refers to net income remaining after the distribution of dividends and appropriations to statutory reserves in the statutory accounts
of ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Non-controlling interests</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Income</TD></TR>
  <TR STYLE="height: 30.75pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 30.75pt; width: 55%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">12/31/2022</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">01/01 to 12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">01/01 to 12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">01/01 to 12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Banco Ita&uacute; Chile</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,690</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,926</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">598</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">887</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,310</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Ita&uacute; Colombia S.A.</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">38</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financeira Ita&uacute; CBD S.A. Cr&eacute;dito, Financiamento e Investimento</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">853</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">769</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">147</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">123</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">131</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Luizacred S.A. Soc. Cred. Financiamento Investimento</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">328</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">377</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(49)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(50)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">76</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">983</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,304</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">76</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">72</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">69</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,873</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,390</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,035</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,624</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 20 - Share-based
payment</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on share-based payments
is presented in Note&nbsp;2c XV.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 39.75pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 39.75pt">ITA&Uacute; UNIBANCO HOLDING and its subsidiaries have share-based payment plans aimed at involving their management members and employees in the medium and long term corporate development process.</TD></TR>
  <TR STYLE="height: 69.75pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 69.75pt">The grant of these benefits is only made in years in which there are sufficient profits to permit the distribution of mandatory dividends, limiting dilution to 0.5% of the total shares held by the controlling and minority stockholders at the balance sheet date. These programs are settled through the delivery of ITUB4 treasury shares to stockholders.</TD></TR>
  <TR STYLE="height: 24.75pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 24.75pt">Expenses on share-based payment plans are presented in the table below:</TD></TR>
  <TR STYLE="height: 32.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 32.25pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Partner plan</TD>
    <TD STYLE="text-align: right">(264)</TD>
    <TD STYLE="text-align: right">(180)</TD>
    <TD STYLE="text-align: right">(129)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Share-based plan</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(473)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(418)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(381)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(737)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(598)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(510)</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Partner plan</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 84.75pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 84.75pt">The program enables employees and managers of ITA&Uacute; UNIBANCO HOLDING to invest a percentage of their bonus to acquire shares and share-based instruments. There is a lockup period of from three to five years, counted from the initial investment date, and the shares are thus subject to market price variations. After complying with the preconditions outlined in the program, beneficiaries are entitled to receive shares as consideration, in accordance with the number of shares indicated in the regulations.</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 34.5pt">The acquisition price of shares and share-based instruments is established every six months as the average of the share price over the last 30 days, which is performed on the seventh business day prior to the remuneration grant date.</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 17.25pt">The fair value of the consideration in shares is the market price at the grant date, less expected dividends.</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="color: #EC7000; font-weight: bold; border-bottom: black 1pt solid; height: 34.5pt">Change in the partner program</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt">
    <TD STYLE="font-weight: bold; vertical-align: top; height: 34.5pt; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 13%">01/01 to <BR>
12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Quantity</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Quantity</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Opening balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">48,253,812</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">36,943,996</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">New</TD>
    <TD STYLE="text-align: right; background-color: white">24,920,268</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">21,395,758</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Delivered</TD>
    <TD STYLE="text-align: right; background-color: white">(9,533,753)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,226,877)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Cancelled</TD>
    <TD STYLE="text-align: right; background-color: white">(1,214,899)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(859,065)</FONT></TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; height: 18pt">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">62,425,428</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">48,253,812</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Weighted average of remaining contractual life (years)</TD>
    <TD STYLE="text-align: right; background-color: white">2.36</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2.21</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Market value weighted average (R$)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">21.88</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right">22.22</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Variable compensation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 66pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 66pt">In this plan, part of the administrators variable remuneration is paid in cash and part in shares during a period of three years. Shares are delivered on a deferred basis, of which one-third per year, upon compliance with the conditions provided for in internal regulation. The deferred unpaid portions may be reversed proportionally to a significant reduction in the recurring income realized or the negative income for the period.</TD></TR>
  <TR STYLE="height: 48.75pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 48.75pt">Management members become eligible for the receipt of these benefits according to individual performance, business performance or both. The benefit amount is established according to the activities of each management member who meets at least the performance and conduct requirements.</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 17.25pt">The fair value of the share is the market price at its grant date.</TD></TR>
  <TR STYLE="height: 33.75pt; vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; height: 33.75pt">Change in share-based variable compensation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 34.5pt; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Quantity</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Quantity</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Opening balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">44,230,077</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">36,814,248</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">New</TD>
    <TD STYLE="text-align: right">21,725,220</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">22,524,857</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Delivered</TD>
    <TD STYLE="text-align: right">(22,097,907)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(14,263,138)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 17.25pt">Cancelled</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(362,756)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(845,890)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">43,494,634</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">44,230,077</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Weighted average of remaining contractual life (years)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">0.89</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">0.93</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Market value weighted average (R$)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">25.76</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">24.83</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 21 - Interest and
similar income and expenses and income of financial assets and liabilities at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Interest and similar
income</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 34.5pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Compulsory deposits with the Central Bank of Brazil</TD>
    <TD STYLE="text-align: right">12,569</TD>
    <TD STYLE="text-align: right">10,228</TD>
    <TD STYLE="text-align: right">3,613</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Interbank deposits</TD>
    <TD STYLE="text-align: right">4,122</TD>
    <TD STYLE="text-align: right">3,145</TD>
    <TD STYLE="text-align: right">1,203</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">33,898</TD>
    <TD STYLE="text-align: right">25,467</TD>
    <TD STYLE="text-align: right">9,812</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">27,463</TD>
    <TD STYLE="text-align: right">20,546</TD>
    <TD STYLE="text-align: right">17,193</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial assets at amortized cost</TD>
    <TD STYLE="text-align: right">13,126</TD>
    <TD STYLE="text-align: right">11,823</TD>
    <TD STYLE="text-align: right">4,820</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Loan operations</TD>
    <TD STYLE="text-align: right">130,462</TD>
    <TD STYLE="text-align: right">116,844</TD>
    <TD STYLE="text-align: right">92,789</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Other financial assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">745</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,112</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(177)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">222,385</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">189,165</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">129,253</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Interest and similar
expense</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 34.5pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Deposits</TD>
    <TD STYLE="text-align: right">(71,508)</TD>
    <TD STYLE="text-align: right">(52,358)</TD>
    <TD STYLE="text-align: right">(20,492)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">(41,624)</TD>
    <TD STYLE="text-align: right">(28,399)</TD>
    <TD STYLE="text-align: right">(8,635)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Interbank market funds</TD>
    <TD STYLE="text-align: right">(34,543)</TD>
    <TD STYLE="text-align: right">(22,878)</TD>
    <TD STYLE="text-align: right">(24,929)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Institutional market funds</TD>
    <TD STYLE="text-align: right">(10,239)</TD>
    <TD STYLE="text-align: right">(12,757)</TD>
    <TD STYLE="text-align: right">(9,865)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(336)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(355)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(5,384)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(158,250)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(116,747)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(69,305)</TD></TR>
  </TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Income of financial
assets and liabilities at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 34.5pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Securities</TD>
    <TD STYLE="text-align: right">31,399</TD>
    <TD STYLE="text-align: right">8,882</TD>
    <TD STYLE="text-align: right">7,439</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">Derivatives <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(2,954)</TD>
    <TD STYLE="text-align: right">3,477</TD>
    <TD STYLE="text-align: right">9,716</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial assets designated at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">479</TD>
    <TD STYLE="text-align: right">660</TD>
    <TD STYLE="text-align: right">(483)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Other financial assets at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">1,897</TD>
    <TD STYLE="text-align: right">1,800</TD>
    <TD STYLE="text-align: right">838</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial liabilities at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">(1,731)</TD>
    <TD STYLE="text-align: right">(1,535)</TD>
    <TD STYLE="text-align: right">(843)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Financial liabilities designated at fair value</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">55</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">41</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">29,145</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">13,325</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">16,678</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 9pt; height: 17.25pt">1) Includes the ineffective derivatives portion related to hedge accounting.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During the period ended 12/31/2023,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;derecognized/(recognized)&nbsp;R$ (1,021) (R$ (120)&nbsp;from&nbsp;01/01 to 12/31/2022) of Expected losses,&nbsp;R$
(167) (R$ (30)&nbsp;from&nbsp;01/01 to 12/31/2022) for Financial assets &#8211; Fair value through other comprehensive income&nbsp;and&nbsp;R$
(854)&nbsp;(R$ (90)&nbsp;from 01/01 to 12/31/2022) for Financial assets &#8211; Amortized cost.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 22 - Commissions
and banking fees</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on&nbsp;commissions
and banking fees is presented in Note&nbsp;2c XVIII.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main services provided by&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Credit
and debit cards: </B>refer mainly to fees charged by card issuers and acquirers for processing card transactions, annuities charged for
the availability and management of credit card and the rental of Rede machines.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Current
account services:</B>&nbsp;substantially composed of current account maintenance fees, according to each service package granted to the
customer, transfers carried through PIX (Central Bank of Brazil's instant payments system) in corporate packages, withdrawals from demand
deposit account and money order.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Funds
management:</B> refers to fees charged for the management and performance of investment funds and consortia administration.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Economic,
financial and brokerage advisory:</B> refer mainly to financial transaction structuring services, placement of securities and intermediation
of operations on stock exchange.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 38.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 38.25pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Credit and debit cards</TD>
    <TD STYLE="text-align: right">21,177</TD>
    <TD STYLE="text-align: right">19,989</TD>
    <TD STYLE="text-align: right">16,051</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Current account services</TD>
    <TD STYLE="text-align: right">6,877</TD>
    <TD STYLE="text-align: right">7,528</TD>
    <TD STYLE="text-align: right">7,803</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Asset management</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,792</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,872</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,177</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Funds</TD>
    <TD STYLE="text-align: right">4,395</TD>
    <TD STYLE="text-align: right">4,952</TD>
    <TD STYLE="text-align: right">6,545</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Consortia</TD>
    <TD STYLE="text-align: right">1,397</TD>
    <TD STYLE="text-align: right">920</TD>
    <TD STYLE="text-align: right">632</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Credit operations and financial guarantees provided</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,544</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,539</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,511</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Credit operations</TD>
    <TD STYLE="text-align: right">1,100</TD>
    <TD STYLE="text-align: right">1,185</TD>
    <TD STYLE="text-align: right">1,307</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Financial guarantees provided</TD>
    <TD STYLE="text-align: right">1,444</TD>
    <TD STYLE="text-align: right">1,354</TD>
    <TD STYLE="text-align: right">1,204</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Collection services</TD>
    <TD STYLE="text-align: right">2,031</TD>
    <TD STYLE="text-align: right">1,971</TD>
    <TD STYLE="text-align: right">2,020</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Advisory services and brokerage</TD>
    <TD STYLE="text-align: right">3,596</TD>
    <TD STYLE="text-align: right">3,348</TD>
    <TD STYLE="text-align: right">3,579</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Custody services</TD>
    <TD STYLE="text-align: right">602</TD>
    <TD STYLE="text-align: right">617</TD>
    <TD STYLE="text-align: right">605</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,112</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,702</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,578</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">45,731</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">44,566</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">42,324</TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 23 - General and
administrative expenses</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 31.5pt; width: 67%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 17.25pt">Personnel&nbsp;&nbsp;expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(32,400)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(31,317)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(28,245)</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 34.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Compensation, Payroll charges, Welfare benefits, Provision for labor claims, Dismissals, Training and Other <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(25,389)</TD>
    <TD STYLE="text-align: right">(24,558)</TD>
    <TD STYLE="text-align: right">(22,273)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Employees&rsquo; profit sharing and Share-based payment</TD>
    <TD STYLE="text-align: right">(7,011)</TD>
    <TD STYLE="text-align: right">(6,759)</TD>
    <TD STYLE="text-align: right">(5,972)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 17.25pt">Administrative&nbsp;&nbsp;expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18,523)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,825)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16,080)</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 34.5pt">Third-Party and Financial System Services, Security, Transportation and Travel expenses</TD>
    <TD STYLE="text-align: right">(7,851)</TD>
    <TD STYLE="text-align: right">(7,873)</TD>
    <TD STYLE="text-align: right">(7,335)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Data processing and&nbsp;&nbsp;telecommunications</TD>
    <TD STYLE="text-align: right">(5,027)</TD>
    <TD STYLE="text-align: right">(4,359)</TD>
    <TD STYLE="text-align: right">(3,953)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Installations and Materials</TD>
    <TD STYLE="text-align: right">(2,243)</TD>
    <TD STYLE="text-align: right">(2,201)</TD>
    <TD STYLE="text-align: right">(2,142)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Advertising, promotions and&nbsp;&nbsp;publicity</TD>
    <TD STYLE="text-align: right">(1,996)</TD>
    <TD STYLE="text-align: right">(2,003)</TD>
    <TD STYLE="text-align: right">(1,389)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">(1,406)</TD>
    <TD STYLE="text-align: right">(1,389)</TD>
    <TD STYLE="text-align: right">(1,261)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 17.25pt">Depreciation and amortization</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,529)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,750)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,548)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 17.25pt">Other expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18,307)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14,038)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12,676)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Selling - credit cards</TD>
    <TD STYLE="text-align: right">(6,114)</TD>
    <TD STYLE="text-align: right">(6,183)</TD>
    <TD STYLE="text-align: right">(5,292)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Claims losses</TD>
    <TD STYLE="text-align: right">(1,007)</TD>
    <TD STYLE="text-align: right">(1,143)</TD>
    <TD STYLE="text-align: right">(1,038)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Selling of non-financial products</TD>
    <TD STYLE="text-align: right">(641)</TD>
    <TD STYLE="text-align: right">(365)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 34.5pt">Loss on&nbsp;&nbsp;sale of other assets, fixed assets and investments in associates and joint&nbsp;&nbsp;ventures</TD>
    <TD STYLE="text-align: right">(1,595)</TD>
    <TD STYLE="text-align: right">(133)</TD>
    <TD STYLE="text-align: right">(119)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Provision for lawsuits civil</TD>
    <TD STYLE="text-align: right">(1,679)</TD>
    <TD STYLE="text-align: right">(1,072)</TD>
    <TD STYLE="text-align: right">(1,041)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Provision for tax and social&nbsp;&nbsp;security lawsuits</TD>
    <TD STYLE="text-align: right">(726)</TD>
    <TD STYLE="text-align: right">(553)</TD>
    <TD STYLE="text-align: right">317</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 17.25pt">Refund of interbank costs</TD>
    <TD STYLE="text-align: right">(409)</TD>
    <TD STYLE="text-align: right">(354)</TD>
    <TD STYLE="text-align: right">(352)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Impairment</TD>
    <TD STYLE="text-align: right">(338)</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">(440)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; text-align: left; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(5,798)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4,219)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4,711)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(75,759)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(68,930)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(62,549)</TD></TR>
  <TR STYLE="height: 28.5pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 28.5pt">1) At 12/31/2022, includes the effects of the Voluntary Severance Program.</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 24 - Taxes</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on income tax and
social contribution is presented in Note&nbsp;2c XIII.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 32.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify; height: 32.25pt">ITA&Uacute; UNIBANCO HOLDING and each one of its subsidiaries calculate separately, in each fiscal year, Income tax and social contribution on net income.</TD></TR>
  <TR STYLE="height: 4.5pt; vertical-align: middle">
    <TD STYLE="font-size: 10pt; height: 4.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify; height: 34.5pt">Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge.</TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-size: 10pt; height: 12.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-size: 10pt; border-top: black 1pt solid; height: 17.25pt">Income tax</TD>
    <TD STYLE="font-size: 10pt; border-top: black 1pt solid; text-align: right">15.00%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-size: 10pt; height: 17.25pt">Additional income tax</TD>
    <TD STYLE="font-size: 10pt; text-align: right">10.00%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle; background-color: white">
    <TD STYLE="font-size: 10pt; border-bottom: black 1pt solid; height: 17.25pt">Social contribution on net income</TD>
    <TD STYLE="font-size: 10pt; border-bottom: black 1pt solid; text-align: right">20.00%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Expenses for taxes
and contributions</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 22.5pt">
    <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left; height: 22.5pt">Breakdown of income tax and social contribution calculation on net income:</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; font-weight: bold; text-align: center; width: 61%">Due on operations for the period</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 13%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Income / (loss) before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">39,700</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">36,694</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">42,231</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; background-color: white; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Charges (income tax and social contribution) at the rates in effect <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(17,865)</TD>
    <TD STYLE="text-align: right">(16,665)</TD>
    <TD STYLE="text-align: right">(19,989)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Increase / decrease in income tax and social contribution charges arising from:</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Share of profit or (loss) of associates and joint ventures</TD>
    <TD STYLE="text-align: right">1,168</TD>
    <TD STYLE="text-align: right">954</TD>
    <TD STYLE="text-align: right">821</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Foreign exchange variation on investments abroad</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">(52)</TD>
    <TD STYLE="text-align: right">437</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Interest on capital</TD>
    <TD STYLE="text-align: right">5,419</TD>
    <TD STYLE="text-align: right">4,449</TD>
    <TD STYLE="text-align: right">2,889</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other nondeductible expenses net of non taxable income <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">2,591</TD>
    <TD STYLE="text-align: right">4,719</TD>
    <TD STYLE="text-align: right">9,181</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Income tax and social contribution expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,685)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,595)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,661)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Related to temporary differences</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Increase / (reversal) for the period</TD>
    <TD STYLE="text-align: right">2,862</TD>
    <TD STYLE="text-align: right">143</TD>
    <TD STYLE="text-align: right">(7,186)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">(Expenses) / Income from deferred taxes</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,862</TD>
    <TD STYLE="font-weight: bold; text-align: right">143</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,186)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Total income tax and social contribution expenses</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(5,823)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(6,452)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(13,847)</TD></TR>
  <TR STYLE="height: 45.75pt; vertical-align: top; background-color: white">
    <TD COLSPAN="4" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 45.75pt">1) In 2022, it considers the current IRPJ and CSLL rate equal to 45% in the period from January to July and it is equal to 46% in the period from August to December. In 2021, the rate considered was equal to 45% in the first semester and it was equal to 50% in the second semester.<BR>
2) Includes temporary (additions) and exclusions.</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Deferred taxes</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - The deferred tax
asset balance and its changes, segregated based on its origin and disbursements, are represented by:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 56%">01/01/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Realization / Reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,806</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,135)</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,043</TD>
    <TD STYLE="font-weight: bold; text-align: right">58,714</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision for expected loss</TD>
    <TD STYLE="text-align: right">34,160</TD>
    <TD STYLE="text-align: right">(9,142)</TD>
    <TD STYLE="text-align: right">12,640</TD>
    <TD STYLE="text-align: right">37,658</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Related to tax losses and social contribution loss carryforwards</TD>
    <TD STYLE="text-align: right">2,496</TD>
    <TD STYLE="text-align: right">(547)</TD>
    <TD STYLE="text-align: right">376</TD>
    <TD STYLE="text-align: right">2,325</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision for profit sharing</TD>
    <TD STYLE="text-align: right">2,635</TD>
    <TD STYLE="text-align: right">(2,635)</TD>
    <TD STYLE="text-align: right">2,794</TD>
    <TD STYLE="text-align: right">2,794</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision for devaluation of securities with permanent impairment</TD>
    <TD STYLE="text-align: right">812</TD>
    <TD STYLE="text-align: right">(812)</TD>
    <TD STYLE="text-align: right">1,006</TD>
    <TD STYLE="text-align: right">1,006</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provisions</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,734</TD>
    <TD STYLE="text-decoration: underline; text-align: right">(2,224)</TD>
    <TD STYLE="text-decoration: underline; text-align: right">2,359</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,869</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Civil lawsuits</TD>
    <TD STYLE="text-align: right">1,230</TD>
    <TD STYLE="text-align: right">(781)</TD>
    <TD STYLE="text-align: right">778</TD>
    <TD STYLE="text-align: right">1,227</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Labor claims</TD>
    <TD STYLE="text-align: right">3,010</TD>
    <TD STYLE="text-align: right">(1,328)</TD>
    <TD STYLE="text-align: right">1,185</TD>
    <TD STYLE="text-align: right">2,867</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Tax and social security obligations</TD>
    <TD STYLE="text-align: right">1,494</TD>
    <TD STYLE="text-align: right">(115)</TD>
    <TD STYLE="text-align: right">396</TD>
    <TD STYLE="text-align: right">1,775</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Legal obligations</TD>
    <TD STYLE="text-align: right">464</TD>
    <TD STYLE="text-align: right">(207)</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="text-align: right">279</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">171</TD>
    <TD STYLE="text-align: right">(171)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 31.5pt">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">804</TD>
    <TD STYLE="text-align: right">(804)</TD>
    <TD STYLE="text-align: right">755</TD>
    <TD STYLE="text-align: right">755</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision relating to health insurance operations</TD>
    <TD STYLE="text-align: right">400</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">395</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">8,130</TD>
    <TD STYLE="text-align: right">(2,588)</TD>
    <TD STYLE="text-align: right">2,091</TD>
    <TD STYLE="text-align: right">7,633</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,453</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,196)</TD>
    <TD STYLE="font-weight: bold; text-align: right">697</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,954</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 33pt">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">2,546</TD>
    <TD STYLE="text-align: right">(962)</TD>
    <TD STYLE="text-align: right">438</TD>
    <TD STYLE="text-align: right">2,022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Cash flow hedge</TD>
    <TD STYLE="text-align: right">342</TD>
    <TD STYLE="text-align: right">(234)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">108</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">565</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">259</TD>
    <TD STYLE="text-align: right">824</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">59,259</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(20,331)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">22,740</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">61,668</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 56%">01/01/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Realization / Reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">53,135</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,244)</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,915</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,806</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision for expected loss</TD>
    <TD STYLE="text-align: right">28,428</TD>
    <TD STYLE="text-align: right">(7,622)</TD>
    <TD STYLE="text-align: right">13,354</TD>
    <TD STYLE="text-align: right">34,160</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Related to tax losses and social contribution loss carryforwards</TD>
    <TD STYLE="text-align: right">3,751</TD>
    <TD STYLE="text-align: right">(1,518)</TD>
    <TD STYLE="text-align: right">263</TD>
    <TD STYLE="text-align: right">2,496</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision for profit sharing</TD>
    <TD STYLE="text-align: right">2,265</TD>
    <TD STYLE="text-align: right">(2,265)</TD>
    <TD STYLE="text-align: right">2,635</TD>
    <TD STYLE="text-align: right">2,635</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision for devaluation of securities with permanent impairment</TD>
    <TD STYLE="text-align: right">998</TD>
    <TD STYLE="text-align: right">(595)</TD>
    <TD STYLE="text-align: right">409</TD>
    <TD STYLE="text-align: right">812</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provisions</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,848</TD>
    <TD STYLE="text-decoration: underline; text-align: right">(1,699)</TD>
    <TD STYLE="text-decoration: underline; text-align: right">1,585</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,734</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Civil lawsuits</TD>
    <TD STYLE="text-align: right">1,257</TD>
    <TD STYLE="text-align: right">(400)</TD>
    <TD STYLE="text-align: right">373</TD>
    <TD STYLE="text-align: right">1,230</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Labor claims</TD>
    <TD STYLE="text-align: right">3,175</TD>
    <TD STYLE="text-align: right">(1,204)</TD>
    <TD STYLE="text-align: right">1,039</TD>
    <TD STYLE="text-align: right">3,010</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Tax and social security obligations</TD>
    <TD STYLE="text-align: right">1,416</TD>
    <TD STYLE="text-align: right">(95)</TD>
    <TD STYLE="text-align: right">173</TD>
    <TD STYLE="text-align: right">1,494</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Legal obligations</TD>
    <TD STYLE="text-align: right">822</TD>
    <TD STYLE="text-align: right">(379)</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">464</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">171</TD>
    <TD STYLE="text-align: right">171</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 31.5pt">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">2,726</TD>
    <TD STYLE="text-align: right">(2,726)</TD>
    <TD STYLE="text-align: right">804</TD>
    <TD STYLE="text-align: right">804</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Provision relating to health insurance operations</TD>
    <TD STYLE="text-align: right">437</TD>
    <TD STYLE="text-align: right">(59)</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="text-align: right">400</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">7,860</TD>
    <TD STYLE="text-align: right">(2,381)</TD>
    <TD STYLE="text-align: right">2,651</TD>
    <TD STYLE="text-align: right">8,130</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,447</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,249)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,255</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,453</TD></TR>
  <TR STYLE="height: 36.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 36.75pt">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">1,445</TD>
    <TD STYLE="text-align: right">(1,127)</TD>
    <TD STYLE="text-align: right">2,228</TD>
    <TD STYLE="text-align: right">2,546</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Cash flow hedge</TD>
    <TD STYLE="text-align: right">461</TD>
    <TD STYLE="text-align: right">(122)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">342</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">541</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD STYLE="text-align: right">565</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">55,582</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(20,493)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">24,170</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">59,259</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Deferred income tax and social contribution
assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to&nbsp;R$ 53,691&nbsp;(R$ 51,634&nbsp;at&nbsp;12/31/2022)&nbsp;and
R$ 560&nbsp;(R$ 345&nbsp;at&nbsp;12/31/2022), respectively.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - The deferred tax
liabilities balance and its changes are represented by:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="color: white; font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt; width: 56%">01/01/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Realization /&nbsp;&nbsp;reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,111</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,300)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,337</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,148</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Depreciation in excess finance lease</TD>
    <TD STYLE="text-align: right">141</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">130</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Adjustment of deposits in guarantee and provisions</TD>
    <TD STYLE="text-align: right">1,439</TD>
    <TD STYLE="text-align: right">(92)</TD>
    <TD STYLE="text-align: right">225</TD>
    <TD STYLE="text-align: right">1,572</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Post-employment benefits</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">(17)</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">15</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="text-align: right">416</TD>
    <TD STYLE="text-align: right">416</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 31.5pt">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">1,554</TD>
    <TD STYLE="text-align: right">(1,554)</TD>
    <TD STYLE="text-align: right">1,450</TD>
    <TD STYLE="text-align: right">1,450</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Taxation of results abroad &ndash; capital gains</TD>
    <TD STYLE="text-align: right">734</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">740</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">3,184</TD>
    <TD STYLE="text-align: right">(574)</TD>
    <TD STYLE="text-align: right">215</TD>
    <TD STYLE="text-align: right">2,825</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">859</TD>
    <TD STYLE="font-weight: bold; text-align: right">(331)</TD>
    <TD STYLE="font-weight: bold; text-align: right">861</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,389</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 34.5pt">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">854</TD>
    <TD STYLE="text-align: right">(331)</TD>
    <TD STYLE="text-align: right">858</TD>
    <TD STYLE="text-align: right">1,381</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Post-employment benefits</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">8</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">7,970</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(2,631)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">3,198</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">8,537</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; height: 17.25pt">01/01/2022</TD>
    <TD COLSPAN="4" STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 31.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Realization / reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,580</TD>
    <TD STYLE="font-weight: bold; text-align: right">(592)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,123</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,111</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Depreciation in excess finance lease</TD>
    <TD STYLE="text-align: right">137</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">141</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Adjustment of deposits in guarantee and provisions</TD>
    <TD STYLE="text-align: right">1,422</TD>
    <TD STYLE="text-align: right">(156)</TD>
    <TD STYLE="text-align: right">173</TD>
    <TD STYLE="text-align: right">1,439</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Post-employment benefits</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">237</TD>
    <TD STYLE="text-align: right">(237)</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 31.5pt">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">(71)</TD>
    <TD STYLE="text-align: right">1,554</TD>
    <TD STYLE="text-align: right">1,554</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Taxation of results abroad &ndash; capital gains</TD>
    <TD STYLE="text-align: right">834</TD>
    <TD STYLE="text-align: right">(104)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">734</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">1,873</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">1,329</TD>
    <TD STYLE="text-align: right">3,184</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">189</TD>
    <TD STYLE="font-weight: bold; text-align: right">(116)</TD>
    <TD STYLE="font-weight: bold; text-align: right">786</TD>
    <TD STYLE="font-weight: bold; text-align: right">859</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 31.5pt">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">182</TD>
    <TD STYLE="text-align: right">(114)</TD>
    <TD STYLE="text-align: right">786</TD>
    <TD STYLE="text-align: right">854</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Cash flow hedge</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Post-employment benefits</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">4,769</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">(708)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">3,909</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">7,970</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Deferred income tax and social contribution
assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to&nbsp;R$ 53,691&nbsp;(R$ 51,634&nbsp;at&nbsp;12/31/2022)&nbsp;and
R$ 560&nbsp;(R$ 345&nbsp;at&nbsp;12/31/2022), respectively.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - The estimate of
realization and present value of deferred tax assets and deferred tax liabilities are:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Deferred tax assets</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Deferred tax liabilities</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">%</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Net deferred taxes</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">%</TD></TR>
  <TR STYLE="height: 51.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">Year of realization</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Temporary differences</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Tax loss / social contribution loss carryforwards</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: center; height: 17.25pt; width: 13%">2024</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">18,044</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">30.4%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 17%">971</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">41.8%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">19,015</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">30.8%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">(611)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">7.2%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">18,404</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">34.6%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">2025</TD>
    <TD STYLE="text-align: right">8,653</TD>
    <TD STYLE="text-align: right">14.6%</TD>
    <TD STYLE="text-align: right">212</TD>
    <TD STYLE="text-align: right">9.1%</TD>
    <TD STYLE="text-align: right">8,865</TD>
    <TD STYLE="text-align: right">14.4%</TD>
    <TD STYLE="text-align: right">(245)</TD>
    <TD STYLE="text-align: right">2.9%</TD>
    <TD STYLE="text-align: right">8,620</TD>
    <TD STYLE="text-align: right">16.2%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">2026</TD>
    <TD STYLE="text-align: right">9,083</TD>
    <TD STYLE="text-align: right">15.3%</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">1.0%</TD>
    <TD STYLE="text-align: right">9,106</TD>
    <TD STYLE="text-align: right">14.8%</TD>
    <TD STYLE="text-align: right">(161)</TD>
    <TD STYLE="text-align: right">1.9%</TD>
    <TD STYLE="text-align: right">8,945</TD>
    <TD STYLE="text-align: right">16.8%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">2027</TD>
    <TD STYLE="text-align: right">9,215</TD>
    <TD STYLE="text-align: right">15.5%</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD STYLE="text-align: right">1.1%</TD>
    <TD STYLE="text-align: right">9,240</TD>
    <TD STYLE="text-align: right">15.0%</TD>
    <TD STYLE="text-align: right">(178)</TD>
    <TD STYLE="text-align: right">2.1%</TD>
    <TD STYLE="text-align: right">9,062</TD>
    <TD STYLE="text-align: right">17.1%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">2028</TD>
    <TD STYLE="text-align: right">4,075</TD>
    <TD STYLE="text-align: right">6.9%</TD>
    <TD STYLE="text-align: right">652</TD>
    <TD STYLE="text-align: right">28.0%</TD>
    <TD STYLE="text-align: right">4,727</TD>
    <TD STYLE="text-align: right">7.7%</TD>
    <TD STYLE="text-align: right">(321)</TD>
    <TD STYLE="text-align: right">3.8%</TD>
    <TD STYLE="text-align: right">4,406</TD>
    <TD STYLE="text-align: right">8.3%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">After 2028</TD>
    <TD STYLE="text-align: right">10,273</TD>
    <TD STYLE="text-align: right">17.3%</TD>
    <TD STYLE="text-align: right">442</TD>
    <TD STYLE="text-align: right">19.0%</TD>
    <TD STYLE="text-align: right">10,715</TD>
    <TD STYLE="text-align: right">17.3%</TD>
    <TD STYLE="text-align: right">(7,021)</TD>
    <TD STYLE="text-align: right">82.1%</TD>
    <TD STYLE="text-align: right">3,694</TD>
    <TD STYLE="text-align: right">7.0%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">59,343</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,325</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">61,668</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">(8,537)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">53,131</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Present value <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">51,683</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,044</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">53,727</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(6,264)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">47,463</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="11" STYLE="font-size: 9pt; height: 17.25pt">1) The average funding rate, net of tax effects, was used to determine the present value.</TD></TR>
  <TR STYLE="height: 51pt; vertical-align: middle">
    <TD COLSPAN="11" STYLE="text-align: justify; height: 51pt">Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between accounting criteria and the tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented above are not considered as an indication of future net income.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Deferred tax assets
not accounted</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 12/31/2023, deferred tax assets not accounted
for correspond to R$&nbsp;273 (R$ 642 at 12/31/2022) and result from Management&#8217;s evaluation of their perspectives of realization
in the long term.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Tax liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 17.25pt; width: 63%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 9%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt">Taxes and contributions on income payable</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">3,970</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">2,950</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Deferred tax liabilities</TD>
    <TD STYLE="text-align: center">24b II</TD>
    <TD STYLE="text-align: right">560</TD>
    <TD STYLE="text-align: right">345</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,672</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,478</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,202</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,773</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">7,915</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">5,964</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Non-current</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,287</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">809</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 25 - Earnings per
share</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Basic earnings per
share</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 36.75pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 36.75pt">Net income attributable to ITA&Uacute; UNIBANCO HOLDING's shareholders is divided by the average number of outstanding shares in the period, excluding treasury shares.</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 31.5pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Net income attributable to owners of the parent company</TD>
    <TD STYLE="font-weight: bold; text-align: right">33,105</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,207</TD>
    <TD STYLE="font-weight: bold; text-align: right">26,760</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Minimum non-cumulative dividends on preferred shares</TD>
    <TD STYLE="text-align: right">(106)</TD>
    <TD STYLE="text-align: right">(106)</TD>
    <TD STYLE="text-align: right">(106)</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 31.5pt">Retained earnings to be distributed to common equity owners in an amount per share equal to the minimum dividend payable to preferred equity owners</TD>
    <TD STYLE="text-align: right">(109)</TD>
    <TD STYLE="text-align: right">(109)</TD>
    <TD STYLE="text-align: right">(109)</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 31.5pt">Retained earnings to be distributed, on a pro rata basis, to common and preferred equity owners:</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Common</TD>
    <TD STYLE="text-align: right">16,642</TD>
    <TD STYLE="text-align: right">14,669</TD>
    <TD STYLE="text-align: right">13,462</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Preferred</TD>
    <TD STYLE="text-align: right">16,248</TD>
    <TD STYLE="text-align: right">14,323</TD>
    <TD STYLE="text-align: right">13,083</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Total net income available to equity owners</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Common</TD>
    <TD STYLE="text-align: right">16,751</TD>
    <TD STYLE="text-align: right">14,778</TD>
    <TD STYLE="text-align: right">13,571</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Preferred</TD>
    <TD STYLE="text-align: right">16,354</TD>
    <TD STYLE="text-align: right">14,429</TD>
    <TD STYLE="text-align: right">13,189</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Weighted average number of outstanding shares</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Common</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Preferred</TD>
    <TD STYLE="text-align: right">4,840,883,862</TD>
    <TD STYLE="text-align: right">4,840,703,872</TD>
    <TD STYLE="text-align: right">4,818,741,579</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Basic earnings per share &ndash; R$</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Common</TD>
    <TD STYLE="text-align: right">3.38</TD>
    <TD STYLE="text-align: right">2.98</TD>
    <TD STYLE="text-align: right">2.74</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 12px; height: 15.75pt">Preferred</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.38</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2.98</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2.74</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Diluted earnings per
share</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 42.75pt; vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 42.75pt">Calculated similarly to the basic earnings per share; however, it includes the conversion of all preferred shares potentially dilutable in the denominator.</TD></TR>
  <TR STYLE="height: 29.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 29.25pt; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 12%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 15.75pt">Net income available to preferred equity owners</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">16,354</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">14,429</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">13,189</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Dividends on preferred shares after dilution effects</TD>
    <TD STYLE="text-align: right">115</TD>
    <TD STYLE="text-align: right">90</TD>
    <TD STYLE="text-align: right">75</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 31.5pt">Net income available to preferred equity owners considering preferred shares after the dilution effect</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,469</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,519</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,264</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Net income available to ordinary equity owners</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,751</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,778</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,571</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Dividend on preferred shares after dilution effects</TD>
    <TD STYLE="text-align: right">(115)</TD>
    <TD STYLE="text-align: right">(90)</TD>
    <TD STYLE="text-align: right">(75)</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 31.5pt">Net income available to ordinary equity owners considering preferred shares after the dilution effect</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,636</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,688</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,496</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Adjusted weighted average of shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Common</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 15.75pt">Preferred</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,908,283,361</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,900,469,300</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,873,042,114</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 15.75pt">Preferred</TD>
    <TD STYLE="text-align: right">4,840,883,862</TD>
    <TD STYLE="text-align: right">4,840,703,872</TD>
    <TD STYLE="text-align: right">4,818,741,579</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 15.75pt">Incremental as per share-based payment plans</TD>
    <TD STYLE="text-align: right">67,399,499</TD>
    <TD STYLE="text-align: right">59,765,428</TD>
    <TD STYLE="text-align: right">54,300,535</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 15.75pt">Diluted earnings per share &ndash; R$</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 15.75pt">Common</TD>
    <TD STYLE="text-align: right">3.36</TD>
    <TD STYLE="text-align: right">2.96</TD>
    <TD STYLE="text-align: right">2.72</TD></TR>
  <TR STYLE="height: 15.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; height: 15.75pt">Preferred</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">3.36</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">2.96</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">2.72</TD></TR>
  <TR STYLE="height: 30.75pt; vertical-align: bottom">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 30.75pt">There was no potentially antidulitive effect of the shares in share-based payment plans, in both periods.</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 26 - Post-employment
benefits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policies on post-employment
benefits are presented in&nbsp;Note&nbsp;2c XIV.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Retirement plans are managed by Closed-end
Private Pension Entities (EFPC) and are closed to new applicants. These entities have an independent structure and manage their plans
according to the characteristics of their regulations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There are three types of retirement plan:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Defined
Benefit Plans (BD): plans for which scheduled benefits have their value established in advance, based on salaries and/or length of service
of employees, and the cost is actuarially determined. The&nbsp;plans classified in this category are: Plano de Aposentadoria Complementar;
Plano de Aposentadoria Complementar M&oacute;vel Vital&iacute;cia; Plano de Benef&iacute;cio Franprev; Plano de Benef&iacute;cio 002;
Plano de Benef&iacute;cios Prebeg; Plano BD UBB PREV; Plano de Benef&iacute;cios II; Plano B&aacute;sico Itaulam; Plano BD Itaucard; Plano
de Aposentadoria Principal Ita&uacute; Unibanco managed by Funda&ccedil;&atilde;o Ita&uacute; Unibanco - Previd&ecirc;ncia Complementar
(FIU); and Plano de Benef&iacute;cios I, managed by Fundo de Pens&atilde;o Multipatrocinado&nbsp;(FUNBEP).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Defined
Contribution Plans (CD):&nbsp;plans for which scheduled benefits have their value permanently adjusted to the investments balance, kept
in favor of the participant, including in the benefit concession phase, considering net proceedings of its investment, amounts contributed
and benefits paid.&nbsp;Defined Contribution plans include pension funds consisting of the portions of sponsor's contributions not included
in a participant's account balance due to loss of eligibility for the benefit, and of monies arising from the migration of retirement
plans in defined benefit modality. These funds are used for future contributions to individual participant's accounts, according to the
respective benefit plan regulations. The plans classified in this category are: Plano Itaubanco CD; Plano de Aposentadoria Itaubank; Plano
de Previd&ecirc;ncia REDECARD managed by FIU.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Variable
Contribution Plans (CV): in this type of plan, scheduled benefits present a combination of characteristics of defined contribution and
defined benefit modalities, and the benefit is actuarially determined based on the investments balance accumulated by the participant
on the retirement date.&nbsp;The plans classified in this category are: Plano de Previd&ecirc;ncia Unibanco Futuro Inteligente; Plano
Suplementar Itaulam; Plano CV Itaucard; Plano de Aposentadoria Suplementar Ita&uacute; Unibanco managed by FIU and Plano de Benef&iacute;cios
II managed by FUNBEP.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Main actuarial assumptions</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 27pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; text-align: justify; height: 27pt">The table below shows the actuarial assumptions of demographic and financial nature used to calculate the defined benefit obligation:</TD></TR>
  <TR STYLE="height: 18.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 18.75pt; width: 38%">Type</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 22%">Assumption</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 22%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Demographic</TD>
    <TD>Mortality table</TD>
    <TD STYLE="text-align: center">AT-2000 softned by 10%</TD>
    <TD STYLE="text-align: center">AT-2000 softned by 10%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Discount rate <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: center">9.56% p.a.</TD>
    <TD STYLE="text-align: center">10.34% p.a.</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Financial</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Inflation <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: center">4.00% p.a.</TD>
    <TD STYLE="text-align: center">4.00% p.a.</TD></TR>
  <TR STYLE="height: 42.75pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 42.75pt">1) Considers the interest rates of the National Treasury Notes (NTN-B) with maturity dates near the terms of the respective obligations, compatible with the economic scenario observed on the balance sheet closing date, considering the volatility of interest market and models used.<BR>
2) Long-term inflation projected by the market, according to the maturity of each plan.</TD></TR>
  <TR STYLE="height: 51.75pt; vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify; height: 51.75pt">Retirement plans sponsored by foreign subsidiaries - Banco Ita&uacute; (Suisse) S.A., Ita&uacute; Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actuarial assumptions adequate to masses of participants and the economic scenario of each country.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Risk management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The EFPCs sponsored by ITA&Uacute; UNIBANCO
HOLDING&nbsp;are regulated by the National Council for Complementary Pension (CNPC) and PREVIC, and have an Executive Board, Advisory
and Tax Councils.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Benefits offered have long-term characteristics
and the main factors involved in the management and measurement of their risks are financial risk, inflation risk and demographic risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Financial
risk&nbsp;</B>&#8211; the actuarial liability is calculated by adopting a discount, which may differ from rates earned in investments.
If real income from plan investments is lower than yield expected, this may give rise to a deficit. To mitigate this risk and assure the
capacity to pay long-term benefits, the plans have a significant percentage of fixed-income securities pegged to the plan commitments,
aiming at minimizing volatility and risk of</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">mismatch between assets and liabilities.
Additionally, adherence tests are carried out in financial assumptions to ensure their adequacy to obligations of respective plans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Inflation
risk </B>-&nbsp;a large part of liabilities is pegged to inflation risk, making actuarial liabilities sensitive to increase in rates.
To mitigate this risk, the same financial risks mitigation strategies are used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Demographic
risk -&nbsp;</B>plans that have any obligation actuarially assessed are exposed to demographic risk. In the event the mortality tables
used are not adherent to the mass of plan participants, a deficit or surplus may arise in actuarial evaluation. To mitigate this risk,
adherence tests to demographic assumptions are conducted to ensure their adequacy to liabilities of respective plans.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For purposes of registering in the balance
sheet of the EFPCs that manage them, actuarial liabilities of plans use discount rate adherent to their&nbsp;asset portfolio and income
and expense flows, according to a study prepared by an independent&nbsp;actuarial consulting company. The actuarial method used is the
aggregate method, through which the plan costing is defined by the difference between its equity coverage and the current value of its
future liabilities, observing the methodology established in the respective actuarial technical note.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">When a deficit in the concession period
above the legally defined limits is noted, debt agreements are entered into with the sponsor according to costing policies, which affect
the future contributions of the plan, and a plan for solving such deficit is established respecting the guarantees set forth by the legislation
in force. The plans that are in this situation are resolved through extraordinary contributions that affect the values of the future contribution
of the plan.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Asset management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 50.25pt; vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify; height: 50.25pt">The purpose of the management of the funds is the long-term balance between pension assets and liabilities with payment of benefits by exceeding actuarial goals(discount rate plus benefit adjustment index, established in the plan regulations).</TD></TR>
  <TR STYLE="height: 35.25pt; vertical-align: top">
    <TD COLSPAN="6" STYLE="text-align: justify; height: 35.25pt">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:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Types</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">% Allocation</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 43%">Fixed income securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">22,363</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">20,684</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">94.2%</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">94.4%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Quoted in an active market</TD>
    <TD STYLE="text-align: right">21,705</TD>
    <TD STYLE="text-align: right">20,102</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">91.4%</TD>
    <TD STYLE="text-align: right">91.7%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Non quoted in an active market</TD>
    <TD STYLE="text-align: right">658</TD>
    <TD STYLE="text-align: right">582</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.8%</TD>
    <TD STYLE="text-align: right">2.7%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Variable income securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">640</TD>
    <TD STYLE="font-weight: bold; text-align: right">515</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.7%</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.3%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Quoted in an active market</TD>
    <TD STYLE="text-align: right">630</TD>
    <TD STYLE="text-align: right">508</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.7%</TD>
    <TD STYLE="text-align: right">2.3%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Non quoted in an active market</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Structured investments</TD>
    <TD STYLE="font-weight: bold; text-align: right">128</TD>
    <TD STYLE="font-weight: bold; text-align: right">138</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.5%</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.6%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Non quoted in an active market</TD>
    <TD STYLE="text-align: right">128</TD>
    <TD STYLE="text-align: right">138</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.5%</TD>
    <TD STYLE="text-align: right">0.6%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Real estate</TD>
    <TD STYLE="font-weight: bold; text-align: right">544</TD>
    <TD STYLE="font-weight: bold; text-align: right">527</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.3%</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.4%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt">Loans to participants</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">79</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">69</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.3%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">0.3%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">23,754</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,933</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">100.0%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 9pt 0pt; text-align: justify">The defined benefit plan assets include
shares of ITA&Uacute; UNIBANCO HOLDING, its main parent company (ITA&Uacute;SA) and of subsidiaries of the latter, with a fair value of&nbsp;R$
1&nbsp;(R$ 1&nbsp;at 12/31/2022), and real estate rented to group companies, with a fair value of R$ 464 (R$ 420&nbsp;at 12/31/2022).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Other post-employment
benefits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING and its subsidiaries
do not have additional liabilities related to post-employment benefits, except in cases arising from maintenance commitments assumed in
acquisition agreements which occurred over the years, as well as those benefits originated from court decision in the terms and conditions
established, in which there is total or partial sponsorship of health care plans for a specific group of former employees and their beneficiaries.
Its costing is actuarially determined so as to ensure coverage maintenance. These plans are closed to new applicants.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Assumptions for discount rate, inflation,
mortality table and actuarial method are the same as those used for retirement plans. ITA&Uacute; UNIBANCO HOLDING used the percentage
of&nbsp;4%&nbsp;p.a. for medical inflation, additionally considering, inflation rate of&nbsp;4%&nbsp;p.a.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Particularly in other post-employment benefits,
there is medical inflation risk associated with above expectation&nbsp;increases in medical costs. To mitigate this risk, the same financial
risks mitigation strategies are used.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>e) Change in the net
amount recognized in the balance sheet</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="14" STYLE="padding-bottom: 9pt; text-align: justify"><FONT STYLE="font-size: 10pt">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.</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="12" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD></TR>
  <TR STYLE="height: 28.5pt; vertical-align: middle">
    <TD STYLE="height: 28.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Note</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">BD and
    CV plans</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">CD plans</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other post-employment
    benefits</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 27.75pt; vertical-align: middle">
    <TD STYLE="color: white; height: 27.75pt; width: 38%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Net asset</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Actuarial
    liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Asset ceiling</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Recognized
    amount</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Pension
    plan fund</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Asset ceiling</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Recognized
    amount</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 8pt">Liabilities</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Recognized
    amount</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amounts at the beginning
    of the period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">21,933</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(19,637)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(3,734)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,438)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">420</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(42)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">378</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(849)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,909)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amounts recognized in
    income (1+2+3+4)</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2,193</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,969)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(388)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(164)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(39)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(43)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(79)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(286)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">1 - Cost of current service</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(28)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(28)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(28)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">2 - Cost of past service</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">3 - Net interest</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,193</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,941)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(388)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(136)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">40</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">36</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(79)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(179)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4
    - Other expenses <SUP>(1)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(79)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(79)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(79)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amount recognized in stockholders' equity - other comprehensive
    income (5+6+7)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,136</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,685)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(557)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(34)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(22)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(37)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(616)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">5 - Effects on asset ceiling</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(34)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(34)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(42)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">6 - Remeasurements</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,138</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,667)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(529)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(37)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(554)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 12.75pt"><FONT STYLE="font-size: 8pt">Changes in demographic assumptions</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 12.75pt"><FONT STYLE="font-size: 8pt">Changes in financial assumptions</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,331)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,331)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(39)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,370)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 12.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Experience
    of the plan <SUP>(2)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,138</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(336)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">802</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">816</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">7 - Exchange variation</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(18)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(20)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(20)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 12.75pt"><FONT STYLE="font-size: 8pt">Other (8+9+10)</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,508)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,701</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">193</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">189</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">382</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">8 - Receipt by Destination of Resources</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">9 - Benefits paid</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,701)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,701</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">189</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">189</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">10 - Contributions and investments from sponsor</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">193</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">193</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">193</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amounts at the end of
    period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">23,754</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(21,590)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(4,130)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,966)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">393</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(80)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">313</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(776)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(2,429)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amount recognized in Assets</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">18a</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">30</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">313</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">343</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">Amount recognized in Liabilities</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">18b</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,996)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(776)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,772)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="12" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="height: 27.75pt; vertical-align: middle">
    <TD STYLE="height: 27.75pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">BD and
    CV plans</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">CD plans</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other post-employment
    benefits</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 29.25pt; vertical-align: middle">
    <TD STYLE="height: 29.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Net assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Actuarial liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Asset ceiling</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized amount</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Pension plan fund</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Asset ceiling</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized amount</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Liabilities</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized amount</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amounts at the beginning
    of the period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">21,912</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(20,039)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(3,255)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,382)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">447</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">445</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(779)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,716)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amounts recognized in
    income (1+2+3+4)</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,995</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,845)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(308)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(158)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(36)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(36)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(246)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(440)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">1 - Cost of current service</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(33)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(33)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(33)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">2 - Cost of past service</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(155)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(155)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">3 - Net interest</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,995</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,812)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(308)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(125)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(91)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(177)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4
    - Other expenses <SUP>(1)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(75)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(75)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(75)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amount recognized in stockholders' equity - other comprehensive
    income (5+6+7)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(447)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">596</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(171)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(22)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(40)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(31)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">25</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(28)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">5 - Effects on asset ceiling</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(171)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(171)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(40)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(40)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(211)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">6 - Remeasurements</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(441)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">557</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">116</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">25</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">150</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 12.75pt"><FONT STYLE="font-size: 8pt">Changes in demographic assumptions</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 12.75pt"><FONT STYLE="font-size: 8pt">Changes in financial assumptions</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,499</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,499</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">46</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,554</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 12.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Experience
    of the plan <SUP>(2)</SUP></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(441)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(971)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,412)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(21)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,433)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">7 - Exchange variation</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(6)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">33</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">33</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 12.75pt"><FONT STYLE="font-size: 8pt">Other (8+9+10)</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,527)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,651</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">124</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">275</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">8 - Receipt by Destination of Resources</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">9 - Benefits paid</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,651)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,651</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">10 - Contributions and investments from sponsor</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">124</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">124</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">124</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amounts at the end of
    period</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">21,933</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(19,637)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(3,734)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,438)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">420</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(42)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">378</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(849)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,909)</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 12.75pt"><FONT STYLE="font-size: 8pt">Amount recognized in Assets</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">18a</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">33</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">378</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">411</FONT></TD></TR>
  <TR STYLE="height: 12.75pt; vertical-align: middle">
    <TD STYLE="height: 12.75pt"><FONT STYLE="font-size: 8pt">Amount recognized in Liabilities</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">18b</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,471)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(849)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,320)</FONT></TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: top">
    <TD COLSPAN="14" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 34.5pt"><FONT STYLE="font-size: 8pt">1)
    Corresponds to the use of asset amounts allocated in pension funds of the defined contribution plans.<BR>
    2) Correspond to the income obtained above / below the expected return and comprise the contributions made by participants.</FONT></TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Net interest correspond to the amount calculated
on 01/01/2023&nbsp;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&nbsp;10.34%&nbsp;p.a. (On 01/01/2022&nbsp;the
rate used was&nbsp;9.46%&nbsp;p.a.).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">As of 2023, ITA&Uacute; UNIBANCO HOLDING started sponsoring the
Plano de Benef&iacute;cios II. The amount recognized in Liabilities is&nbsp;R$ 52, in Other Comprehensive Income is&nbsp;R$ 12&nbsp;and
in income/(expense) is R$ (7).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>f) Defined benefit contributions</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Estimated contributions</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Contributions made</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 59%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 15%">2024</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to 12/31/2023</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 12%">01/01 to 12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Retirement plan - FIU</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">69</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">54</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Retirement plan - FUNBEP</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">104</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">91</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">39</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">142</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">160</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">93</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-size: 9pt; border-top: black 1pt solid">1) Include extraordinary contributions agreed upon in deficit equation plans.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt; text-align: center; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>g) Maturity profile of
defined benefit liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt; width: 34%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Duration <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2024</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2025</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2026</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2027</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2028</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 5%">2029</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 2%">to</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 5%">2033</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt">Pension plan - FIU</TD>
    <TD STYLE="text-align: right">9.42</TD>
    <TD STYLE="text-align: right">1,185</TD>
    <TD STYLE="text-align: right">1,131</TD>
    <TD STYLE="text-align: right">1,173</TD>
    <TD STYLE="text-align: right">1,210</TD>
    <TD STYLE="text-align: right">1,243</TD>
    <TD COLSPAN="3" STYLE="text-align: right">6,649</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Pension plan - FUNBEP</TD>
    <TD STYLE="text-align: right">8.73</TD>
    <TD STYLE="text-align: right">685</TD>
    <TD STYLE="text-align: right">704</TD>
    <TD STYLE="text-align: right">721</TD>
    <TD STYLE="text-align: right">738</TD>
    <TD STYLE="text-align: right">754</TD>
    <TD COLSPAN="3" STYLE="text-align: right">3,963</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Other post-employment benefits</TD>
    <TD STYLE="text-align: right">7.34</TD>
    <TD STYLE="text-align: right">197</TD>
    <TD STYLE="text-align: right">82</TD>
    <TD STYLE="text-align: right">88</TD>
    <TD STYLE="text-align: right">70</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD COLSPAN="3" STYLE="text-align: right">245</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,067</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,917</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,982</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,018</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,041</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">10,857</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 17.25pt">1) Average duration of plan&acute;s actuarial liabilities.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>h) Sensitivity analysis</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 86.25pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify; height: 86.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">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&rsquo; equity at the balance sheet date. This type of analysis is usually carried out under the </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: 400"><I>ceteris paribus</I> <FONT STYLE="font-style: normal">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:</FONT></FONT></TD></TR>
  <TR STYLE="height: 21pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; text-align: center">Main assumptions</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">BD and CV plans</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Other post-employment benefits</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; font-weight: bold; text-align: center">Present value of liability</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Stockholders&acute; equity (Other comprehensive income) <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Present value of liability</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Stockholders&acute; equity (Other comprehensive income) <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt; width: 24%">Discount rate</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Increase by 0.5 p.p.</TD>
    <TD STYLE="text-align: right">(870)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">319</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Decrease by 0.5 p.p.</TD>
    <TD STYLE="text-align: right">941</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(347)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(28)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Mortality table</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Increase by 5%</TD>
    <TD STYLE="text-align: right">(262)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">98</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Decrease by 5%</TD>
    <TD STYLE="text-align: right">274</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(103)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Medical inflation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Increase by 1 p.p.</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(61)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; height: 17.25pt">Decrease by 1 p.p.</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(52)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">52</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-size: 9pt; height: 17.25pt">1) Net of effects of asset ceiling</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 27 - Insurance contracts
and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on insurance contracts
and private pension is presented in Note 2c XI.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Insurance products sold by&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;are divided into (i) non-life insurance, which guarantees loss, damage or liability for objects or people; and (ii)
life insurance, which includes coverage against the risk of death and personal accidents. Insurance products are substantially offered
through the electronic channels and branches of&nbsp;ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;reinsures
the portion of the underwritten risks that exceed the maximum liability limits it deems to be appropriate for each segment and product.
These reinsurance contracts allow the recovery of</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">a portion of the losses with the reinsurer,
although they do not release&nbsp;ITA&Uacute; UNIBANCO HOLDING from the main obligation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Private pension products are essentially
divided into: (i) Free Benefit Generating Plan (PGBL) and Free Benefit Generating Life Plan (VGBL): whose main objective is to accumulate
financial resources, the payment of which is made by means of income; and (ii) traditional: pension plan with a minimum guarantee of profitability,
which is no longer sold.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Insurance contracts&nbsp;and private pension
portfolios and measurement approach are presented below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 18pt">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 18pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">(Assets) / Liabilities</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">(Assets) / Liabilities</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Income</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 18pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Operating</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Financial</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Operating</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Financial</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 36%">General Model (BBA)</TD>
    <TD STYLE="font-weight: bold; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">15,762</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">2,361</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">(538)</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">14,320</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">1,691</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">(1,251)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">lnsurance</TD>
    <TD STYLE="text-align: center">27a I</TD>
    <TD STYLE="text-align: right">5,134</TD>
    <TD STYLE="text-align: right">2,461</TD>
    <TD STYLE="text-align: right">(242)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,496</TD>
    <TD STYLE="text-align: right">1,776</TD>
    <TD STYLE="text-align: right">(196)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Private pension</TD>
    <TD STYLE="text-align: center">27a II</TD>
    <TD STYLE="text-align: right">10,628</TD>
    <TD STYLE="text-align: right">(100)</TD>
    <TD STYLE="text-align: right">(296)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,824</TD>
    <TD STYLE="text-align: right">(85)</TD>
    <TD STYLE="text-align: right">(1,055)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Variable Fee Approach (VFA)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">27a II</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">255,193</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,709</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(28,044)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">218,398</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,745</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(20,605)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Private pension</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">255,193</TD>
    <TD STYLE="text-align: right">1,709</TD>
    <TD STYLE="text-align: right">(28,044)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">218,398</TD>
    <TD STYLE="text-align: right">1,745</TD>
    <TD STYLE="text-align: right">(20,605)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Simplified Model (PAA)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">27a I</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">450</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,062</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">385</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,892</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(17)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">lnsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">488</TD>
    <TD STYLE="text-align: right">2,068</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">408</TD>
    <TD STYLE="text-align: right">1,898</TD>
    <TD STYLE="text-align: right">(14)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Reinsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(3)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Total Insurance contracts and private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">271,405</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">6,132</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(28,585)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">233,103</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">5,328</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(21,873)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">lnsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,622</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,529</TD>
    <TD STYLE="font-weight: bold; text-align: right">(244)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,904</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,674</TD>
    <TD STYLE="font-weight: bold; text-align: right">(210)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Reinsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(23)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Private pension</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">265,821</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,609</TD>
    <TD STYLE="font-weight: bold; text-align: right">(28,340)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">228,222</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,660</TD>
    <TD STYLE="font-weight: bold; text-align: right">(21,660)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 17.25pt">Current</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">450</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">385</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Non-current</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">270,955</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">232,718</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Insurance of General Model (BBA) are composed
of assets of R$ (103)&nbsp;(R$ 0&nbsp;at&nbsp;12/31/2022)&nbsp;and liabilities of R$ 5,237 (R$ 4,496 at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Reconciliation of
insurance and private pension portfolios</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Insurance</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 69pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 69pt; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Loss Component of the Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Liability for Incurred Claims</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Total</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Loss Component of the Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Liability for Incurred Claims</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Opening Balance - 01/01</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,248</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,936</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">697</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,881</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,384</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,065</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">679</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,128</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 34.5pt">Operating Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: right">(5,791)</TD>
    <TD STYLE="text-align: right">(150)</TD>
    <TD STYLE="text-align: right">1,418</TD>
    <TD STYLE="text-align: right">(4,523)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(5,124)</TD>
    <TD STYLE="text-align: right">(104)</TD>
    <TD STYLE="text-align: right">1,560</TD>
    <TD STYLE="text-align: right">(3,668)</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 34.5pt">Financial Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: right">137</TD>
    <TD STYLE="text-align: right">174</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD STYLE="text-align: right">336</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">123</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">130</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 34.5pt">Premiums Received, Claims and Other Expenses Paid</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">6,421</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-(1,531)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,890</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,865</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(1,574)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,291</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Closing Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">3,015</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,960</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">609</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,584</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,248</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,936</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">697</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,881</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 69pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 69pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Estimate of Present Value of Future Cash Flows</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Contractual Service Margin</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Risk Adjustment for Non-financial Risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Estimate of Present Value of Future Cash Flows</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Contractual Service Margin</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Risk Adjustment for Non-financial Risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt">Opening Balance - 01/01</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(145)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,756</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">270</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,881</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">866</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,964</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">298</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,128</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Realization of Insurance Contractual Margin</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4,554)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4,554)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,766)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,766)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Actuarial Remeasurements</TD>
    <TD STYLE="text-align: right">1,266</TD>
    <TD STYLE="text-align: right">(1,198)</TD>
    <TD STYLE="text-align: right">(37)</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(676)</TD>
    <TD STYLE="text-align: right">804</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 34.5pt">Operating Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,266</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,752)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(37)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,523)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(676)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,962)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,668)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">New Recognized Insurance Contracts</TD>
    <TD STYLE="text-align: right">(5,943)</TD>
    <TD STYLE="text-align: right">5,921</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4,569)</TD>
    <TD STYLE="text-align: right">4,565</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 34.5pt">Financial Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="font-weight: bold; text-align: right">18</TD>
    <TD STYLE="font-weight: bold; text-align: right">290</TD>
    <TD STYLE="font-weight: bold; text-align: right">28</TD>
    <TD STYLE="font-weight: bold; text-align: right">336</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(57)</TD>
    <TD STYLE="font-weight: bold; text-align: right">189</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">130</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Recognized in Income for the period</TD>
    <TD STYLE="text-align: right">(59)</TD>
    <TD STYLE="text-align: right">290</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">245</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">189</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">213</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Recognized in Other Comprehensive Income</TD>
    <TD STYLE="text-align: right">77</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(68)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(83)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Premiums Received, Claims and Other Expenses Paid</TD>
    <TD STYLE="text-align: right">4,890</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,890</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,291</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,291</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt">Closing Balance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">86</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">5,215</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">283</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">5,584</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(145)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,756</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">270</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,881</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="height: 69pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 69pt; width: 39%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 10%"><FONT STYLE="font-size: 8pt">Liability for Remaining Coverage</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%"><FONT STYLE="font-size: 8pt">Loss Component of the Liability for Remaining
    Coverage</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Liability for Incurred Claims</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 10%"><FONT STYLE="font-size: 8pt">Liability for Remaining Coverage</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%"><FONT STYLE="font-size: 8pt">Loss Component of the Liability for Remaining
    Coverage</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Liability for Incurred Claims</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Opening Balance - 01/01</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">227,952</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">184</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">86</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">228,222</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">209,463</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">110</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">87</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">209,660</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Operating Income from Insurance Contracts and Private Pension</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(84,584)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">148</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">82,827</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,609)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(83,040)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">164</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">81,216</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,660)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Financial Income from Insurance Contracts and Private Pension</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,186</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">263</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,455</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,483</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(90)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,395</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Premiums Received, Claims and Other Expenses
    Paid</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">92,574</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(82,821)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,753</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">81,046</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(81,219)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(173)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Closing Balance</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">265,128</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">595</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">98</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">265,821</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">227,952</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">184</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">86</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">228,222</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="height: 69pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 69pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Estimate of Present
    Value of Future Cash Flows</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Contractual Service
    Margin</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Risk Adjustment for
    Non-financial Risk</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Estimate of Present
    Value of Future Cash Flows</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Contractual Service
    Margin</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Risk Adjustment for
    Non-financial Risk</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Opening balance - 01/01</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">210,255</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">17,696</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">271</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">228,222</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">188,469</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">20,891</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">300</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">209,660</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Realization of Insurance Contractual Margin</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,829)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,829)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,870)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,870)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Actuarial Remeasurements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,330)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,534</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">220</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,701</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,466)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(25)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">210</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Operating Income from Insurance Contracts and Private
    Pension</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,330)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(295)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">16</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,609)</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">3,701</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(5,336)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(25)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,660)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">New Recognized Insurance Contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,520)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,514</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,127)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,120</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Financial Income from Insurance Contracts and Private
    Pension</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">29,406</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">28</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">29,455</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">20,385</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(11)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">20,395</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Recognized in Income for the period</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">28,309</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">28,340</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21,630</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21,660</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Recognized in Other Comprehensive Income</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,097</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,115</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,245)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(20)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,265)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Premiums Received, Claims and Other Expenses Paid</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,753</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,753</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(173)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(173)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Closing
    Balance</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">245,564</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">19,936</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">321</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">265,821</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">210,255</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">17,696</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">271</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">228,222</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The underlying assets of the portfolio of
private pension contracts with direct participation features (PGBL and VGBL) are composed of specially organized investment funds, which
are mostly consolidated in ITA&Uacute; UNIBANCO HOLDING, whose fair value of the quotas is&nbsp;R$ 253,287&nbsp;(R$ 216,467&nbsp;at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Contractual service
margin</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 33pt; vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-size: 11pt; text-align: justify; height: 33pt">ITA&Uacute; UNIBANCO HOLDING expects to recognize the Contractual Service Margin in income according to the terms and amounts shown below:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt; width: 19%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 37.5pt">Period</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 20.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; height: 20.25pt">lnsurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Private Pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">lnsurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Private Pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt">1 year</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,944</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,736</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">3,680</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,767</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,756</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">3,523</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">2 years</TD>
    <TD STYLE="text-align: right">1,222</TD>
    <TD STYLE="text-align: right">1,861</TD>
    <TD STYLE="text-align: right">3,083</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,067</TD>
    <TD STYLE="text-align: right">1,854</TD>
    <TD STYLE="text-align: right">2,921</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">3 years</TD>
    <TD STYLE="text-align: right">1,011</TD>
    <TD STYLE="text-align: right">1,897</TD>
    <TD STYLE="text-align: right">2,908</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">830</TD>
    <TD STYLE="text-align: right">1,868</TD>
    <TD STYLE="text-align: right">2,698</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">4 years</TD>
    <TD STYLE="text-align: right">717</TD>
    <TD STYLE="text-align: right">1,903</TD>
    <TD STYLE="text-align: right">2,620</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">631</TD>
    <TD STYLE="text-align: right">1,856</TD>
    <TD STYLE="text-align: right">2,487</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">5 years</TD>
    <TD STYLE="text-align: right">295</TD>
    <TD STYLE="text-align: right">1,806</TD>
    <TD STYLE="text-align: right">2,101</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">361</TD>
    <TD STYLE="text-align: right">1,745</TD>
    <TD STYLE="text-align: right">2,106</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Over 5 years</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">26</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10,733</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10,759</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">100</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,617</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,717</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,215</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">19,936</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">25,151</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,756</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">17,696</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">22,452</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During the period, the recognized amount
of revenue from insurance contracts and private pension referring to groups of contracts measured by the modified retrospective approach
(contracts in force on the transition date) is&nbsp;R$ 2,532 (R$ 3,128&nbsp;from 01/01 to 12/31/2022), with the balance of margin of these
contracts corresponding to&nbsp;R$ 19,809 (R$ 19,042 at 12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Discount rates</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The rates used by indexing unit to discount
cash flows from insurance contracts and private pension are as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt; width: 19%">Indexes</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">1 year</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">3 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">5 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">10 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">20 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">1 year</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">3 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">5 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">10 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">20 years</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">IGPM</TD>
    <TD STYLE="text-align: right">5.56%</TD>
    <TD STYLE="text-align: right">4.91%</TD>
    <TD STYLE="text-align: right">5.25%</TD>
    <TD STYLE="text-align: right">5.59%</TD>
    <TD STYLE="text-align: right">5.65%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6.72%</TD>
    <TD STYLE="text-align: right">6.24%</TD>
    <TD STYLE="text-align: right">6.20%</TD>
    <TD STYLE="text-align: right">6.33%</TD>
    <TD STYLE="text-align: right">6.44%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">IPCA</TD>
    <TD STYLE="text-align: right">5.87%</TD>
    <TD STYLE="text-align: right">5.09%</TD>
    <TD STYLE="text-align: right">5.09%</TD>
    <TD STYLE="text-align: right">5.20%</TD>
    <TD STYLE="text-align: right">5.31%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6.86%</TD>
    <TD STYLE="text-align: right">6.06%</TD>
    <TD STYLE="text-align: right">5.98%</TD>
    <TD STYLE="text-align: right">5.92%</TD>
    <TD STYLE="text-align: right">5.90%</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; height: 17.25pt">TR</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">9.35%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">9.10%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">9.32%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">9.48%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">9.45%</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.34%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.91%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.97%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.02%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.06%</TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Claims development</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; height: 17.25pt; width: 30%">Occurrence date</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2019</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">At the end of event period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">929</TD>
    <TD STYLE="text-align: right">1,024</TD>
    <TD STYLE="text-align: right">1,265</TD>
    <TD STYLE="text-align: right">1,167</TD>
    <TD STYLE="text-align: right">1,125</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">After 1 year</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,155</TD>
    <TD STYLE="text-align: right">1,249</TD>
    <TD STYLE="text-align: right">1,530</TD>
    <TD STYLE="text-align: right">1,416</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">After 2 years</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,185</TD>
    <TD STYLE="text-align: right">1,283</TD>
    <TD STYLE="text-align: right">1,571</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">After 3 years</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,203</TD>
    <TD STYLE="text-align: right">1,298</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">After 4 years</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,211</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Accumulated payments through base date</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,193</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,280</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,540</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,398</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,031</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">6,442</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">Liabilities recognized in the balance sheet</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">677</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Liabilities in relation to prior periods</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Other estimates</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Adjustment to present value</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(34)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Risk adjustment to non-financial risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Liability for Claims incurred at</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">12/31/2019</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">707</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 28 - Fair value
of financial instruments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on fair value of financial
instruments is presented in Note&nbsp;2c IV.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Financial assets and
liabilities measured at fair value</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="text-align: justify; height: 17.25pt">The following table presents the financial assets and liabilities measured at fair value on a recurring basis, segregated between levels of the fair value hierarchy.</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="height: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 33pt; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Book Value / Fair Value</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Book Value / Fair Value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">523,741</TD>
    <TD STYLE="font-weight: bold; text-align: right">116,973</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,428</TD>
    <TD STYLE="font-weight: bold; text-align: right">643,142</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">396,993</TD>
    <TD STYLE="font-weight: bold; text-align: right">115,792</TD>
    <TD STYLE="font-weight: bold; text-align: right">437</TD>
    <TD STYLE="font-weight: bold; text-align: right">513,222</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">396,210</TD>
    <TD STYLE="font-weight: bold; text-align: right">114,718</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,175</TD>
    <TD STYLE="font-weight: bold; text-align: right">513,103</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">274,659</TD>
    <TD STYLE="font-weight: bold; text-align: right">111,436</TD>
    <TD STYLE="font-weight: bold; text-align: right">379</TD>
    <TD STYLE="font-weight: bold; text-align: right">386,474</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Investment funds</TD>
    <TD STYLE="text-align: right">225</TD>
    <TD STYLE="text-align: right">26,345</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">26,570</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">954</TD>
    <TD STYLE="text-align: right">31,537</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">32,491</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Brazilian government securities</TD>
    <TD STYLE="text-align: right">333,539</TD>
    <TD STYLE="text-align: right">8,553</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">342,092</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">226,056</TD>
    <TD STYLE="text-align: right">5,856</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">231,912</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Government securities &ndash; Latin America</TD>
    <TD STYLE="text-align: right">2,875</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,875</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,489</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,489</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Government securities &ndash; Abroad</TD>
    <TD STYLE="text-align: right">2,562</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,562</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,528</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,528</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">57,009</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,526</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,118</TD>
    <TD STYLE="font-weight: bold; text-align: right">137,653</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">39,632</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,708</TD>
    <TD STYLE="font-weight: bold; text-align: right">339</TD>
    <TD STYLE="font-weight: bold; text-align: right">112,679</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Shares</TD>
    <TD STYLE="text-align: right">9,089</TD>
    <TD STYLE="text-align: right">17,375</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">26,535</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,817</TD>
    <TD STYLE="text-align: right">9,634</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">15,537</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,203</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,203</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,510</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">2,517</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">128</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">128</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">197</TD>
    <TD STYLE="text-align: right">1,268</TD>
    <TD STYLE="text-align: right">126</TD>
    <TD STYLE="text-align: right">1,591</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,329</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD STYLE="text-align: right">1,480</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">45,070</TD>
    <TD STYLE="text-align: right">29,583</TD>
    <TD STYLE="text-align: right">1,895</TD>
    <TD STYLE="text-align: right">76,548</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">29,446</TD>
    <TD STYLE="text-align: right">33,412</TD>
    <TD STYLE="text-align: right">84</TD>
    <TD STYLE="text-align: right">62,942</TD></TR>
  <TR STYLE="height: 16.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 16.5pt">Eurobonds and other</TD>
    <TD STYLE="text-align: right">2,459</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">2,464</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,369</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">4,373</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Financial bills</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">22,548</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">22,552</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19,371</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">19,378</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,585</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">2,602</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,900</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,900</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">194</TD>
    <TD STYLE="text-align: right">836</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,030</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,192</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,192</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Other Financial Assets</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,294</TD>
    <TD STYLE="text-align: right">57</TD>
    <TD STYLE="text-align: right">1,351</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,335</TD>
    <TD STYLE="text-align: right">40</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 31.5pt">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">127,531</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,255</TD>
    <TD STYLE="font-weight: bold; text-align: right">253</TD>
    <TD STYLE="font-weight: bold; text-align: right">130,039</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">122,334</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,356</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">126,748</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Brazilian government securities</TD>
    <TD STYLE="text-align: right">83,672</TD>
    <TD STYLE="text-align: right">233</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">83,905</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">75,647</TD>
    <TD STYLE="text-align: right">1,032</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">76,679</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Government securities &ndash; Latin America</TD>
    <TD STYLE="text-align: right">23,872</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23,872</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">27,510</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">27,510</TD></TR>
  <TR STYLE="height: 18pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 18pt">Government securities &ndash; Abroad</TD>
    <TD STYLE="text-align: right">9,910</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,910</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">10,400</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10,400</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; font-weight: bold; height: 17.25pt">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,077</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,022</TD>
    <TD STYLE="font-weight: bold; text-align: right">253</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,352</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,777</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,324</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,159</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Shares</TD>
    <TD STYLE="text-align: right">5,900</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD STYLE="text-align: right">193</TD>
    <TD STYLE="text-align: right">6,143</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,770</TD>
    <TD STYLE="text-align: right">70</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">390</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">390</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">551</TD>
    <TD STYLE="text-align: right">150</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">714</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">67</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">67</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Debentures</TD>
    <TD STYLE="text-align: right">1,045</TD>
    <TD STYLE="text-align: right">728</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,773</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">538</TD>
    <TD STYLE="text-align: right">645</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,183</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Eurobonds and other</TD>
    <TD STYLE="text-align: right">3,061</TD>
    <TD STYLE="text-align: right">936</TD>
    <TD STYLE="text-align: right">60</TD>
    <TD STYLE="text-align: right">4,057</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,918</TD>
    <TD STYLE="text-align: right">1,361</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,279</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Financial credit bills</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 36px; height: 17.25pt">Other</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">197</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">268</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">695</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">695</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial liabilities at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">784</TD>
    <TD STYLE="font-weight: bold; text-align: right">72</TD>
    <TD STYLE="font-weight: bold; text-align: right">856</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">647</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">647</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Structured notes</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">296</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">296</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">64</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 12px; height: 17.25pt">Other financial liabilities</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">488</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">72</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">560</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">583</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">583</TD></TR>
  </TABLE>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 24.75pt; vertical-align: middle">
    <TD COLSPAN="10" STYLE="height: 24.75pt">The following table presents the breakdown of fair value hierarchy levels for derivative assets and liabilities.</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">6</TD>
    <TD STYLE="font-weight: bold; text-align: right">54,983</TD>
    <TD STYLE="font-weight: bold; text-align: right">262</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,251</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">29</TD>
    <TD STYLE="font-weight: bold; text-align: right">77,508</TD>
    <TD STYLE="font-weight: bold; text-align: right">671</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,208</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Swap Contracts &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">37,721</TD>
    <TD STYLE="text-align: right">236</TD>
    <TD STYLE="text-align: right">37,957</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">46,271</TD>
    <TD STYLE="text-align: right">631</TD>
    <TD STYLE="text-align: right">46,902</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Option Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,712</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">7,718</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23,637</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD STYLE="text-align: right">23,671</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Forward Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,255</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">3,274</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">595</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">601</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Credit derivatives</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">281</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">282</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">492</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">492</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5,378</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5,378</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,140</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,140</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; height: 17.25pt">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">6</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">636</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">642</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">29</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">373</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">402</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(112)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(51,974)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(389)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(52,475)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(186)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,106)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(569)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,861)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Swap Contracts &ndash; adjustment payable</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(35,369)</TD>
    <TD STYLE="text-align: right">(372)</TD>
    <TD STYLE="text-align: right">(35,741)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(38,507)</TD>
    <TD STYLE="text-align: right">(561)</TD>
    <TD STYLE="text-align: right">(39,068)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Option Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(8,971)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(8,972)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(29,880)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(29,882)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Forward Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2,966)</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">(2,982)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(65)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">Credit derivatives</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(149)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(149)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(604)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(604)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt">NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4,478)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4,478)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6,626)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6,626)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; height: 17.25pt">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(112)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(41)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(153)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(186)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(424)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(616)</TD></TR>
  <TR STYLE="height: 33pt; vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-top: 9pt; text-align: justify; padding-bottom: 9pt">In all periods, there were no material transfer between Level 1 and Level 2. Transfers to and from Level 3 are presented in movements of Level 3.</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The financial instruments measured at fair
value on a recurring basis are classified as follows:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 1:</B>&nbsp;Securities with liquid
prices available in an active market and derivatives traded on stock exchanges. This classification level includes most of the Brazilian
government securities, <FONT STYLE="background-color: white">government securities from Latin America</FONT>, government securities from
other countries, shares, debentures with price published by Associa&ccedil;&atilde;o Brasileira das Entidades dos Mercados Financeiros
e de Capitais&nbsp;(ANBIMA) and other securities traded in an active market.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 2</B>: Bonds, securities, derivatives
and others that do not have price information available and are priced based on conventional or internal models. The inputs used by these
models are captured directly or built from observations of active markets. Most&nbsp;derivatives traded over-the-counter, certain Brazilian
government bonds, debentures and other corporate securities whose credit component effect is not considered relevant, are at this level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 3:&nbsp;</B>Bonds, securities and
derivatives for which pricing inputs are generated by statistical and mathematical models. Debentures and other corporate securities that
do not fit into level 2 rule and derivatives with maturities greater than the last observable vertices of the discount curves are at this
level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Governance of Level 3 recurring fair value
measurement</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The departments in charge of defining and
applying the pricing models are segregated from the business areas. The models are documented, submitted to validation by an independent
area and approved by a specific committee. The daily processes of price capture, calculation and disclosure are periodically checked according
to formally defined tests and criteria and the information is stored in a single corporate data base.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The most frequent cases of assets classified
as Level 3 are justified by the discount factors used and corporate bonds whose credit component is relevant. Factors such as the fixed
interest curve in Brazilian Reais and the TR coupon curve &#8211; and, as a result, their related factors &#8211; have inputs with terms
shorter than the maturities of fixed-income assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Level 3 recurring fair value changes</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The tables below show balance sheet changes
for financial instruments classified by&nbsp;ITA&Uacute; UNIBANCO HOLDING in Level 3 of the fair value hierarchy. Derivative financial
instruments classified in Level 3 correspond to swap and option.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt">
    <TD STYLE="vertical-align: middle; border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total
    gains or losses (realized / unrealized)</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Purchases</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Settlements</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Transfers
    in and / or out of Level</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total
    Gains or Losses (unrealized)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt"><FONT STYLE="font-size: 8pt">01/01/2023</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in income</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in other comprehensive income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD></TR>
  <TR STYLE="height: 21.75pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 21.75pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt; width: 33%"><FONT STYLE="font-size: 8pt">Financial assets at fair value through profit
    or loss</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">379</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 13%"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">922</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">(302)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">1,184</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">2,175</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">(952)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Corporate securities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">339</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(5)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">920</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(300)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,164</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,118</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,009)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Shares</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">86</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(14)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(10)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">71</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(100)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Real estate receivables certificates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(38)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">126</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(64)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Debentures</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">84</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(36)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">740</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(67)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,174</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,895</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Rural Product Note</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(14)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Promissory notes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Eurobonds and other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">84</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">137</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(220)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Financial bills</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(7)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Other financial assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">40</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">20</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">57</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">57</FONT></TD></TR>
  <TR STYLE="height: 33.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 33.75pt"><FONT STYLE="font-size: 8pt">Financial assets at fair value through other comprehensive
    income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(19)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">153</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">51</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">18</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">253</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Corporate securities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(19)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">153</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">51</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">18</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">253</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Shares</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">45</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">193</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Bank deposit certificates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(13)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Debentures</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">35</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(34)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Eurobonds and other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">52</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">60</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Financial liabilities at fair value through profit or
    loss</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">14</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">72</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">72</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Other financial liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">72</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">72</FONT></TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="vertical-align: middle; border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total
    gains or losses (realized / unrealized)</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Purchases</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Settlements</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Transfers
    in and / or out of Level</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total
    Gains or Losses (unrealized)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in income</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in other comprehensive income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Derivatives - assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">671</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">80</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">157</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(104)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(542)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">262</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">244</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Swap Contracts &ndash; adjustment receivable</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">631</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">108</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">133</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(94)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(542)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">236</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">240</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Option Contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">34</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(32)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(10)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Forward contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Credit derivatives</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Derivatives - liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(569)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(74)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(387)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">189</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">452</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(389)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">273</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Swap Contracts &ndash; adjustment payable</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(561)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(70)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(369)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">176</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">452</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(372)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">274</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Option Contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(9)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Forward contracts</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(6)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(9)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(16)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="vertical-align: middle; border-top-color: black; border-top-width: 1pt; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top-color: black; border-top-width: 1pt"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">Total
    gains or losses (realized / unrealized)</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt"><FONT STYLE="font-size: 8pt">Purchases</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt"><FONT STYLE="font-size: 8pt">Settlements</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt"><FONT STYLE="font-size: 8pt">Transfers
    in and / or out of Level</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top-color: black; border-top-width: 1pt"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt"><FONT STYLE="font-size: 8pt">Total
    Gains or Losses (unrealized)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="color: white; text-align: center; height: 17.25pt"><FONT STYLE="font-size: 8pt">01/01/2022</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2021</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in income</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in other comprehensive income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Financial assets at fair value through profit or loss</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,563</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">46</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">143</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(49)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,324)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">379</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(98)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Corporate securities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,563</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">128</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(49)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(1,324)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">339</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(138)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Shares</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(54)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">140</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">86</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(62)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Real estate receivables certificates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(36)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">184</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(60)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Debentures</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,478</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">109</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">96</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,599)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">84</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(7)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Rural Product Note</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">61</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(56)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(9)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Eurobonds and other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(14)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Financial bills</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(32)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 33.75pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: black 0.5pt solid; height: 33.75pt"><FONT STYLE="font-size: 8pt">Other
    financial assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">25</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">15</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">40</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">40</FONT></TD></TR>
  <TR STYLE="height: 33.75pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 33.75pt"><FONT STYLE="font-size: 8pt">Financial assets at fair value through other comprehensive
    income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">47</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Corporate securities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">47</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Shares</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">47</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">45</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt"><FONT STYLE="font-size: 8pt">Bank deposit certificates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt">
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total
    gains or losses (realized / unrealized)</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Purchases</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Settlements</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Transfers
    in and / or out of Level</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">Fair
    value at</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total
    Gains or Losses (unrealized)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2021</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in income</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Recognized
    in other comprehensive income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt"><FONT STYLE="font-size: 8pt">Derivatives - assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">152</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">178</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">298</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(552)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">595</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">671</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">588</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Swap Contracts &ndash; adjustment receivable</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">90</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">151</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">64</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(73)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">399</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">631</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">608</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Option Contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">62</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">27</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">228</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(479)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">196</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">34</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(20)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Forward contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Derivatives - liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(125)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">48</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(217)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">38</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(313)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(569)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(349)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Swap Contracts &ndash; adjustment payable</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(111)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(25)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(132)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(314)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(561)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(350)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">Option Contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(14)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">73</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(79)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">Other derivative financial instruments</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(6)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(6)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 26.25pt; vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #EC7000; font-weight: bold; text-align: justify; height: 26.25pt">Sensitivity analysis of Level 3 operations</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify; height: 34.5pt">The fair value of financial instruments classified in Level 3 is measured through valuation techniques based on correlations and associated products traded in active markets, internal estimates and internal models.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="padding-bottom: 9pt; text-align: justify">Material unobservable inputs used for measurement of the fair value of instruments classified in Level 3 are: interest rates, underlying asset prices and volatility. Material variations in any of these inputs separately may give rise to material changes in the fair value.</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify; height: 34.5pt">The table below shows the sensitivity of these fair values in scenarios of changes of interest rates, in asset prices and in scenarios with varying shocks to prices and volatilities for nonlinear assets, considering:</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: top">
    <TD COLSPAN="7" STYLE="text-align: justify; height: 34.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Interest rate:</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Based on reasonably possible changes in assumptions of 1, 25 and 50 basis points (scenarios I, II and III respectively) applied to the interest curves, both up and down, taking the largest losses resulting in each scenario.</FONT></TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: top">
    <TD COLSPAN="7" STYLE="text-align: justify; height: 34.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Commodities, Index and Shares:</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Based on reasonably possible changes in assumptions of 5 and 10 percentage points (scenarios I and II respectively) applied to share prices, both up and down, taking the largest losses resulting in each scenario.</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: justify; height: 17.25pt">Nonlinear:</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: top">
    <TD COLSPAN="7" STYLE="text-align: justify; height: 34.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Scenario I:</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Based on reasonably possible changes in assumptions of 5 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario.</FONT></TD></TR>
  <TR STYLE="height: 51.75pt; vertical-align: top">
    <TD COLSPAN="7" STYLE="text-align: justify; height: 51.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Scenario II: </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Based on reasonably possible changes in assumptions of 10 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario.</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">Sensitivity &ndash; Level 3 Operations</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; height: 51.75pt">Market risk factor groups&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Scenarios</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impact</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impact</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; height: 34.5pt">Income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="3" STYLE="border-bottom: black 0.5pt solid; height: 51.75pt; width: 39%">Interest rates</TD>
    <TD STYLE="text-align: center; width: 12%">I</TD>
    <TD STYLE="text-align: right; width: 12%">(3.5)</TD>
    <TD STYLE="text-align: right; width: 12%">-</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">(2.2)</TD>
    <TD STYLE="text-align: right; width: 12%">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: center; height: 17.25pt">II</TD>
    <TD STYLE="text-align: right">(89.2)</TD>
    <TD STYLE="text-align: right">(0.9)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(56.9)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">III</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(178.9)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(1.8)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(113.3)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; height: 34.5pt">Commodities, Indexes and Shares</TD>
    <TD STYLE="text-align: center">I</TD>
    <TD STYLE="text-align: right">(13.3)</TD>
    <TD STYLE="text-align: right">(9.6)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6.7)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt">II</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(26.7)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(19.2)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(13.4)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; height: 34.5pt">Nonlinear</TD>
    <TD STYLE="text-align: center">I</TD>
    <TD STYLE="text-align: right">(0.1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(24.8)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; height: 17.25pt">II</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(0.2)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(37.8)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Financial assets and
liabilities not measured at fair value</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The following table presents the book value
and estimated fair value for financial assets and liabilities not measured at fair value.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: left; height: 17.25pt; width: 49%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Book value</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Fair value</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 13%">Book value</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center; width: 11%">Fair value</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,686,225</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,693,038</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,578,789</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,580,793</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">At Amortized Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,686,225</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,693,038</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,578,789</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,580,793</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Compulsory deposits with the Central Bank of Brazil</TD>
    <TD STYLE="text-align: right">145,404</TD>
    <TD STYLE="text-align: right">145,404</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">115,748</TD>
    <TD STYLE="text-align: right">115,748</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Interbank deposits</TD>
    <TD STYLE="text-align: right">51,007</TD>
    <TD STYLE="text-align: right">51,009</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">59,592</TD>
    <TD STYLE="text-align: right">59,868</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">238,321</TD>
    <TD STYLE="text-align: right">238,321</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">221,779</TD>
    <TD STYLE="text-align: right">221,779</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Securities</TD>
    <TD STYLE="text-align: right">260,743</TD>
    <TD STYLE="text-align: right">260,427</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">213,026</TD>
    <TD STYLE="text-align: right">213,438</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Loan and lease operations</TD>
    <TD STYLE="text-align: right">910,590</TD>
    <TD STYLE="text-align: right">917,717</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">909,422</TD>
    <TD STYLE="text-align: right">910,738</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Other financial assets</TD>
    <TD STYLE="text-align: right">127,699</TD>
    <TD STYLE="text-align: right">127,699</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">109,909</TD>
    <TD STYLE="text-align: right">109,909</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">(-) Provision for expected loss</TD>
    <TD STYLE="text-align: right">(47,539)</TD>
    <TD STYLE="text-align: right">(47,539)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50,687)</TD>
    <TD STYLE="text-align: right">(50,687)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 17.25pt">Financial liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,948,360</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,948,549</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,759,182</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,758,475</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">At Amortized Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,944,162</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,944,351</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,755,498</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,754,791</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Deposits</TD>
    <TD STYLE="text-align: right">951,352</TD>
    <TD STYLE="text-align: right">951,332</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">871,438</TD>
    <TD STYLE="text-align: right">871,370</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">362,786</TD>
    <TD STYLE="text-align: right">362,786</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">293,440</TD>
    <TD STYLE="text-align: right">293,440</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Interbank market funds</TD>
    <TD STYLE="text-align: right">328,645</TD>
    <TD STYLE="text-align: right">328,667</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">294,587</TD>
    <TD STYLE="text-align: right">294,573</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Institutional market funds</TD>
    <TD STYLE="text-align: right">119,591</TD>
    <TD STYLE="text-align: right">119,778</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">129,382</TD>
    <TD STYLE="text-align: right">128,757</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Other financial liabilities</TD>
    <TD STYLE="text-align: right">181,788</TD>
    <TD STYLE="text-align: right">181,788</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">166,651</TD>
    <TD STYLE="text-align: right">166,651</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; height: 17.25pt">Provision for Expected Loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,198</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,198</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,684</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,684</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; height: 17.25pt">Loan commitments</TD>
    <TD STYLE="text-align: right">3,311</TD>
    <TD STYLE="text-align: right">3,311</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,874</TD>
    <TD STYLE="text-align: right">2,874</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid; height: 17.25pt">Financial guarantees</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">887</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">887</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">810</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">810</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The methods&nbsp;used to estimate the fair
value of financial instruments measured at fair value on a non-recurring basis are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Compulsory
deposits with the Central Bank of Brazil, Securities purchased under agreements to resell and Securities sold under repurchase agreements&nbsp;-</B>&nbsp;The
carrying amounts for these instruments are close to their fair values.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Interbank
deposits, Deposits, lnterbank market funds and lnstitutional market funds -&nbsp;</B>They are calculated by discounting estimated cash
flows at market interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Securities
-</B>&nbsp;Under normal conditions, the prices quoted in the market are the best indicators of the fair values of these financial instruments.&nbsp;However,
not all instruments have liquidity or quoted market prices and, in such cases, are priced by conventional or internal models, with inputs
captured directly, built based on observations of active markets, or generated by statistical and mathematical models.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Loan
and lease operations -</B>&nbsp;Fair value is estimated for groups of loans with similar financial and risk characteristics, using valuation
models.&nbsp;The fair value of fixed-rate loans is determined by discounting estimated cash flows, at interest rates applicable to similar
loans. For the majority of loans at floating rates, the carrying amount is considered to be close to their market value. The fair value
of loan and lease operations not overdue is calculated by discounting the expected payments of principal and interest to maturity. The
fair value of overdue loan and lease transactions is based on the discount of estimated cash flows, using a rate proportional to the risk
associated with the estimated cash flows, or on the underlying collateral. The assumptions for cash flows and discount rates rely on information
available in the market and knowledge of the individual debtor.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Other
financial assets / liabilities -</B>&nbsp;Primarily composed for receivables from credit card issuers, deposits in guarantee for contingent
liabilities, provisions and legal obligations and trading and intermediation of securities. The carrying amounts for these assets/liabilities
substantially approximate to their fair values, since they principally represent amounts to be received in the short term from credit
card holders and to be paid to credit card issuers, deposits in guarantee (indexed to market rates) made by&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;&nbsp;to secure lawsuits or very short-term receivables (generally with a maturity of approximately 5 business days). All
of these items represent assets/liabilities without material associated market, credit or liquidity risks.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial instruments not included in the
Balance Sheet (Note 32) are represented by Letters of credit to be released and Financial guarantees, which amount to&nbsp;R$ 123,471&nbsp;(R$
139,133 at 12/31/2022) with an estimated fair value of&nbsp;R$ 123 (R$ 161 at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 29 - Provisions,
contingent assets and contingent liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on provisions, contingent
assets and contingent liabilities is presented in Note&nbsp;2c XII.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the ordinary course of its business,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;may be a party to legal proceedings labor, civil and tax nature. The contingencies related to these lawsuits are
classified as follows:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Contingent assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">There are no contingent assets recorded.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Provisions and contingencies</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&#8217;s provisions
for judicial and administrative challenges are long-term, considering the time required for their questioning, and this prevents the disclosure
of a deadline for their conclusion.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The legal advisors believe that&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;is not a party to this or any other administrative proceedings or lawsuits, in addition to those highlighted throughout
this note, that could significantly affect the results of its operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Civil lawsuits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In general, provisions and contingencies
arise from claims related to the revision of contracts and compensation for material and moral damages.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING, despite having
complied with the rules in force at the time, is a defendant in lawsuits filed by individuals referring to payment of inflation adjustments
to savings accounts resulting from economic plans implemented in the 1980s and the 1990s, as well as in collective lawsuits filed by:
(i) consumer protection associations; and (ii) the Public Attorney&#8217;s Office, on behalf of the savings accounts holders. In relation
to these lawsuits,&nbsp;ITA&Uacute; UNIBANCO HOLDING recognizes provisions upon receipt of summons, and when individuals demand the enforcement
of a ruling handed down by the courts, using the same criteria as for provisions for individual lawsuits.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Federal Supreme Court (STF) has issued
some decisions favorable to savings account holders, but it has not established its understanding with respect to the constitutionality
of the economic plans and their applicability to savings accounts. Currently, the appeals involving these matters are suspended, by order
of the STF, until it pronounces its final decision.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In December 2017, through mediation of the
Federal Attorney&#8217;s Office (AGU) and supervision of the BACEN, savers (represented by two civil associations, FEBRAPO and IDEC) and
FEBRABAN entered into an instrument of agreement aiming at resolving lawsuits related to the economic plans, and&nbsp;ITA&Uacute; UNIBANCO
HOLDING has already accepted its terms. Said agreement was approved on March 1, 2018, by the Plenary Session of the Federal Supreme Court
(STF) and savers could adhere to its terms for a 24-month period.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Due to the end of this term, the parties
signed an amendment to the instrument of agreement to extend this period in order to contemplate a higher number of holders of savings
accounts and, consequently, to extend the end of lawsuits. In May, 2020 the Federal Supreme Court (STF) approved this amendment and granted
a 30-month term for new adhesions, and this term may be extended for another 30 months, subject to the reporting of the number of adhesions
over the first period.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Labor claims</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Provisions and contingencies arise from
lawsuits in which labor rights provided for in labor legislation specific to the related profession are discussed, such as: overtime,
salary equalization, reinstatement, transfer allowance, and pension plan supplement, among others.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Other risks</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These are quantified and accrued on the
basis of the&nbsp;amount of rural credit transactions with joint liability and FCVS (salary variations compensation fund) credits assigned
to Banco Nacional.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Civil, labor and
other risks provisions</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: left; height: 34.5pt">Below are the changes in civil, labor and other risks provisions:</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 25%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Civil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Labor</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Other Risks</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,231</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,186</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,261</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">(-) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2c XII</TD>
    <TD STYLE="text-align: right">(207)</TD>
    <TD STYLE="text-align: right">(952)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,159)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Subtotal</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,024</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,234</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,102</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">Adjustment / Interest</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right">129</TD>
    <TD STYLE="text-align: right">288</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">417</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Changes in the period reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">23</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,340</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">2,373</TD>
    <TD STYLE="font-weight: bold; text-align: right">332</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,045</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt">Increase</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,913</TD>
    <TD STYLE="text-align: right">2,729</TD>
    <TD STYLE="text-align: right">363</TD>
    <TD STYLE="text-align: right">5,005</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt">Reversal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(573)</TD>
    <TD STYLE="text-align: right">(356)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">(960)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">Payment</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,495)</TD>
    <TD STYLE="text-align: right">(3,036)</TD>
    <TD STYLE="text-align: right">(35)</TD>
    <TD STYLE="text-align: right">(4,566)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Subtotal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,998</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">6,859</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,141</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,998</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">(+) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2c XII</TD>
    <TD STYLE="text-align: right">205</TD>
    <TD STYLE="text-align: right">962</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,167</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,203</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">7,821</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,141</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">13,165</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,499</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,922</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,141</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,562</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,704</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,899</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">6,603</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Civil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Labor</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other Risks</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,317</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">8,219</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,558</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,094</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">(-) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2c XII</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(225)</FONT></TD>
    <TD STYLE="text-align: right">(879)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,104)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Subtotal</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,092</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,340</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,558</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,990</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">Adjustment / Interest</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">169</FONT></TD>
    <TD STYLE="text-align: right">491</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">660</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Changes in the period reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">23</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">903</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">2,339</TD>
    <TD STYLE="font-weight: bold; text-align: right">469</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,711</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Increase <SUP>&nbsp;(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,403</FONT></TD>
    <TD STYLE="text-align: right">2,663</TD>
    <TD STYLE="text-align: right">469</TD>
    <TD STYLE="text-align: right">4,535</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt">Reversal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(500)</FONT></TD>
    <TD STYLE="text-align: right">(324)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(824)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">Payment</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,140)</FONT></TD>
    <TD STYLE="text-align: right">(2,936)</TD>
    <TD STYLE="text-align: right">(183)</TD>
    <TD STYLE="text-align: right">(4,259)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Subtotal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,024</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,234</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,102</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">(+) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2c XII</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">207</FONT></TD>
    <TD STYLE="text-align: right">952</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,159</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,231</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,186</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">13,261</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,157</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">2,949</TD>
    <TD STYLE="font-weight: bold; text-align: right">605</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,711</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,074</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,237</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,239</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,550</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="7" STYLE="font-size: 9pt; border-top: black 1pt solid; height: 17.25pt">1) Includes, in the labor provision, the effects of&nbsp;&nbsp;the Voluntary Severance Program at 12/31/2022.</TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Tax and social security
provisions</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 36pt; vertical-align: middle">
    <TD COLSPAN="5" STYLE="text-align: justify; height: 36pt">Tax and social security provisions correspond to the principal amount of taxes involved in administrative or judicial tax lawsuits, subject to tax assessment notices, plus interest and, when applicable, fines and charges.</TD></TR>
  <TR STYLE="height: 24pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 24pt">The table below shows the change in the provisions:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; height: 17.25pt; width: 18%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 44%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,214</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,498</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">(-) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2c XII</TD>
    <TD STYLE="text-align: right">(75)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(71)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Subtotal</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,139</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,427</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Adjustment / Interest <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">382</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">628</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Changes in the period reflected in income</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">373</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(829)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Increase <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">722</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">156</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Reversal <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(349)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(985)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">Payment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(394)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(86)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Subtotal</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,500</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,140</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="height: 17.25pt">(+) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2c XII</TD>
    <TD STYLE="text-align: right">79</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">74</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,579</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,214</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 17.25pt">Current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">6,579</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,210</FONT></TD></TR>
  <TR STYLE="height: 33.75pt; vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: justify; height: 33.75pt">1) The amounts are included in the headings Tax Expenses, General and Administrative Expenses and Current Income Tax and Social Contribution.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main discussions related to tax and
social security provisions are described below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>INSS
&#8211; Non-compensatory Amounts &#8211;&nbsp;R$ 1,974: the non-levy of social security contribution on amounts paid as profit sharing
is defended. The balance of the deposits in guarantee is&nbsp;R$ 1,289.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>PIS
and COFINS &#8211; Calculation Basis &#8211;&nbsp;R$ 706: defending the levy of PIS and COFINS on revenue, a tax on revenue from the sales
of assets and services. The balance of the deposits in guarantee is&nbsp;R$ 692.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Contingencies not
provided for in the balance sheet</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Amounts involved in administrative and judicial
arguments with the risk of loss estimated as possible are not provided for. They are mainly composed of:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Civil lawsuits and labor claims</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In Civil Lawsuits with possible loss, total
estimated risk is&nbsp;R$ 5,569&nbsp;(R$ 5,087&nbsp;at 12/31/2022), and in this total there are no amounts arising from interests in Joint
Ventures.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For Labor Claims with possible loss, estimated
risk is&nbsp;R$ 870&nbsp;(R$ 637&nbsp;at&nbsp;12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Tax and social security obligations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Tax and social security obligations of possible loss totaled&nbsp;R$
45,080 (R$ 40,958&nbsp;&nbsp;at&nbsp;12/31/2022), and the main cases are described below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>INSS
&#8211; Non-compensatory Amounts &#8211;&nbsp;R$ 9,444: defends the non-levy of this contribution on these amounts, among which are profit
sharing and stock options.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>ISS
&#8211; Banking Activities/Provider Establishment &#8211;&nbsp;R$ 7,386: the levy and/or payment place of ISS for certain banking revenues
are discussed.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ,
CSLL, PIS and COFINS &#8211; Funding Expenses &#8211;&nbsp;R$ 5,795: the deductibility of raising costs (Interbank deposits rates) for
funds that were capitalized between group companies.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ
and CSLL &#8211; Goodwill &#8211; Deduction &#8211;&nbsp;R$ 3,911: the deductibility of goodwill for future expected profitability on
the acquisition of investments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>PIS
and COFINS - Reversal of Revenues from Depreciation in Excess &#8211;&nbsp;R$ 3,689: discussing the accounting and tax treatment of PIS
and COFINS upon settlement of leasing operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ,
CSLL, PIS and COFINS &#8211; Requests for Offsetting Dismissed &#8211;&nbsp;R$ 2,524: cases in which the liquidity and the certainty of
credits offset are discussed.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ
and CSLL &#8211; Disallowance of Losses &#8211;&nbsp;R$ 1,252: discussion on the amount of tax loss (IRPJ) and/or social contribution
(CSLL) tax loss carryforwards used by the Federal Revenue Service when drawing up tax assessment notes that are still pending a final
decision.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ
and CSLL - Deductibility of Loss in Loan Operations - R$ 2,166:&nbsp;assessments drawn up for the requirement of IRPJ and CSLL due to
the alleged noncompliance with legal criteria for deducting losses in receipt of loans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Accounts receivable
&#8211; Reimbursement of provisions</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The receivables balance arising from reimbursements
of contingencies totals&nbsp;R$ 943&nbsp;(R$ 899&nbsp;at 12/31/2022) (Note&nbsp;18a) , arising mainly from the collateral established
in Banco Banerj S.A. privatization process occurred in 1997, when the State of Rio de Janeiro created a fund to guarantee the equity recomposition
in provisions for civil, labor and tax and social security claims.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Guarantees of contingencies,
provisions and legal obligations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 27pt; vertical-align: middle">
    <TD COLSPAN="8" STYLE="height: 27pt">The guarantees related to legal proceedings involving ITA&Uacute; UNIBANCO HOLDING and basically consist of:</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 30%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Civil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Labor</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Tax</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Deposits in guarantee</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right">1,900</TD>
    <TD STYLE="text-align: right">2,074</TD>
    <TD STYLE="text-align: right">9,303</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,277</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,001</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Investment fund quotas</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">448</TD>
    <TD STYLE="text-align: right">107</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="font-weight: bold; text-align: right">574</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">615</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Surety</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">67</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD STYLE="text-align: right">5,560</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,683</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,262</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Insurance bond</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,836</TD>
    <TD STYLE="text-align: right">1,552</TD>
    <TD STYLE="text-align: right">17,623</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,011</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,256</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt">Guarantee by government securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">325</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">325</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">292</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,251</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">3,789</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">32,830</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">40,870</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">38,426</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 30 - Segment Information</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The current operational and reporting segments
of ITA&Uacute; UNIBANCO HOLDING&nbsp;are described below:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Retail
Business</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">The segment comprises retail customers,
account holders and non-account holders, individuals and legal entities, high income clients (Ita&uacute; Uniclass and Personnalit&eacute;)
and the companies segment (microenterprises and small companies). It includes financing and credit offers made outside the branch network,
in addition to credit cards and payroll loans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Wholesale
Business</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">It comprises products and services
offered to middle-market companies, high net worth institutional clients (Private Banking), and the operation of Latin American units
and Ita&uacute; BBA, which is the unit responsible for business with large companies and Investment Banking operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Activities
with the Market + Corporation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Basically, corresponds to the result
arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debits. It also includes the financial
margin on market trading, Treasury operating costs, and equity in earnings of companies not included in either of the other segments.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Basis of Presentation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">Segment information is based on the
reports used by senior management of ITA&Uacute; UNIBANCO HOLDING&nbsp;to&nbsp;assess performance and to make decisions about allocation
of funds for investment and other purposes.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">These reports use a variety of information
for management purposes, including financial and non-financial information supported by bases different from information prepared according
to accounting practices adopted in Brazil. The main indicators used for monitoring business performance are Recurring Income, and Return
on Economic Capital allocated to each business segment.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">Information by segment has been prepared
in accordance with accounting practices adopted in Brazil and is adjusted by the items below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><B>Allocated capital:</B>&nbsp;The
statements for each segment consider capital allocation based on a proprietary model and consequent impacts on results arising from this
allocation. This model includes the following components: credit risk, operating risk, market risk and insurance underwriting risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><B>Income tax rate:&nbsp;</B>We take
the total income tax rate, net of the tax effect from the payment of interest on capital, for the Retail Business, Wholesale Business
and Activities with the Market + Corporation. The difference between the income tax amount calculated by segment and the effective income
tax amount, as stated in the consolidated financial statements, is allocated to the Trading + Institutional column.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Reclassification
and application of managerial criteria</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify">The managerial statement of income
was used to prepare information per segment. These statements were obtained based on the statement of income adjusted by the impact of
non-recurring events and the managerial reclassifications in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify">The main reclassifications between
the accounting and managerial results are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Operating revenues:&nbsp;</B>Considers
the opportunity cost for each operation. The financial statements were adjusted so that the stockholders' equity was replaced by funding
at market price. Subsequently, the financial statements were adjusted to include revenues related to capital allocated to each segment.
The cost of subordinated debt and the respective remuneration at market price were proportionally allocated to the segments, based on
the economic capital allocated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Tax effects of hedging:&nbsp;</B>The
tax effects of hedging of investments abroad were adjusted &#8211; they were originally recorded as tax expenses (PIS and COFINS) and
Income Tax and Social Contribution on Net Income &#8211; and are now reclassified to financial margin.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Insurance:&nbsp;</B>The main reclassifications
of revenues refer to the financial margins obtained from technical provisions for insurance, pension plans and premium bonds, in addition
to revenue from management of pension plan funds.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Other reclassifications:</B> Other
Income, Share of profit or (loss) in Associates and joint ventures, Non-Operating Income, Profit Sharing of Management Members and Expenses
for Credit Card Reward Program were reclassified to those lines representing the way the ITA&Uacute; UNIBANCO HOLDING manages its business,
to provide a clearer understanding of our performance.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify">The adjustments and reclassifications
column shows the effects of the differences between the accounting principles followed for the presentation of segment information, which
are substantially in line with the accounting practices adopted for financial institutions in Brazil, except as described above, and the
policies used in the preparation of these consolidated financial statements according to IFRS. Significant adjustments are as follows:</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Requirements
for impairment testing of financial assets are based on the expected loan losses model.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Adjustment
to fair value due to reclassifications of financial assets to categories of measurement at amortized cost, at fair value through profit
and loss or at fair value through other comprehensive income, as a result of the concept of business models of IFRS 9.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Financial
assets modified and not written-off, with their balances recalculated in accordance with the requirements of IFRS 9.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Effective
interest rate of financial assets and liabilities measured at amortized cost, appropriating revenues and costs directly attributable to
their acquisition, issue or disposal over the transaction term, whereas in the standards adopted in Brazil, recognition of expenses and
revenues from fees occurs at the time these transactions are contracted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Goodwill
generated in a business combination is not amortized, whereas in the standards adopted in Brazil, it is amortized.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Consolidated Statement
of Managerial Result</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD STYLE="border-top: black 1pt solid; height: 13.5pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 12/31/2023</TD></TR>
  <TR STYLE="height: 45pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 45pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Retail&nbsp;&nbsp;&nbsp;&nbsp;Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Wholesale Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Activities with the Market +&nbsp;&nbsp;Corporation</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">ITA&Uacute; UNIBANCO</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">IFRS consolidated <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 13.5pt">Operating revenues</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">96,595</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">54,631</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">5,572</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">156,798</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,827)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">154,971</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 13.5pt">Interest margin</TD>
    <TD STYLE="text-align: right">59,099</TD>
    <TD STYLE="text-align: right">39,980</TD>
    <TD STYLE="text-align: right">5,019</TD>
    <TD STYLE="text-align: right">104,098</TD>
    <TD STYLE="text-align: right">(6,386)</TD>
    <TD STYLE="text-align: right">97,712</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 13.5pt">Commissions and Banking Fees</TD>
    <TD STYLE="text-align: right">28,016</TD>
    <TD STYLE="text-align: right">14,274</TD>
    <TD STYLE="text-align: right">309</TD>
    <TD STYLE="text-align: right">42,599</TD>
    <TD STYLE="text-align: right">3,132</TD>
    <TD STYLE="text-align: right">45,731</TD></TR>
  <TR STYLE="height: 29.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; background-color: white; height: 29.25pt">Income from insurance and private pension operations before&nbsp;&nbsp;claim and selling expenses</TD>
    <TD STYLE="text-align: right; background-color: white">9,480</TD>
    <TD STYLE="text-align: right; background-color: white">377</TD>
    <TD STYLE="text-align: right; background-color: white">244</TD>
    <TD STYLE="text-align: right">10,101</TD>
    <TD STYLE="text-align: right; background-color: white">(3,488)</TD>
    <TD STYLE="text-align: right; background-color: white">6,613</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 13.5pt">Other revenues</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,915</TD>
    <TD STYLE="text-align: right">4,915</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 13.5pt">Cost of Credit</TD>
    <TD STYLE="font-weight: bold; text-align: right">(32,139)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,803)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36,942)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,497</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30,445)</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 13.5pt">Claims</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,487)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(22)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,509)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,509</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 13.5pt">Operating margin</TD>
    <TD STYLE="font-weight: bold; text-align: right">62,969</TD>
    <TD STYLE="font-weight: bold; text-align: right">49,806</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,572</TD>
    <TD STYLE="font-weight: bold; text-align: right">118,347</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,179</TD>
    <TD STYLE="font-weight: bold; text-align: right">124,526</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 13.5pt">Other operating&nbsp;&nbsp;income / (expenses)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(45,560)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(20,373)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,864)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(67,797)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,029)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(84,826)</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 13.5pt">Non-interest expenses</TD>
    <TD STYLE="text-align: right">(39,085)</TD>
    <TD STYLE="text-align: right">(17,722)</TD>
    <TD STYLE="text-align: right">(1,360)</TD>
    <TD STYLE="text-align: right">(58,167)</TD>
    <TD STYLE="text-align: right">(17,592)</TD>
    <TD STYLE="text-align: right">(75,759)</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 13.5pt">Tax expenses for&nbsp;&nbsp;ISS, PIS and COFINS and Other</TD>
    <TD STYLE="text-align: right">(6,475)</TD>
    <TD STYLE="text-align: right">(2,651)</TD>
    <TD STYLE="text-align: right">(504)</TD>
    <TD STYLE="text-align: right">(9,630)</TD>
    <TD STYLE="text-align: right">(357)</TD>
    <TD STYLE="text-align: right">(9,987)</TD></TR>
  <TR STYLE="height: 30pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; background-color: white; height: 30pt">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white">920</TD>
    <TD STYLE="text-align: right; background-color: white">920</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 13.5pt">Income before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,409</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,433</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,708</TD>
    <TD STYLE="font-weight: bold; text-align: right">50,550</TD>
    <TD STYLE="font-weight: bold; text-align: right">(10,850)</TD>
    <TD STYLE="font-weight: bold; text-align: right">39,700</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; height: 13.5pt">Income tax and social contribution</TD>
    <TD STYLE="text-align: right">(4,232)</TD>
    <TD STYLE="text-align: right">(9,022)</TD>
    <TD STYLE="text-align: right">(935)</TD>
    <TD STYLE="text-align: right">(14,189)</TD>
    <TD STYLE="text-align: right">8,366</TD>
    <TD STYLE="text-align: right">(5,823)</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; height: 13.5pt">Non-controlling interests</TD>
    <TD STYLE="text-align: right">(78)</TD>
    <TD STYLE="text-align: right">(655)</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">(743)</TD>
    <TD STYLE="text-align: right">(29)</TD>
    <TD STYLE="text-align: right">(772)</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; height: 13.5pt">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">13,099</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">19,756</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">2,763</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">35,618</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(2,513)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">33,105</TD></TR>
  <TR STYLE="height: 11.25pt; vertical-align: middle; background-color: white">
    <TD STYLE="font-size: 11pt; height: 11.25pt; width: 36%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri\; width: 10%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="height: 16.5pt; vertical-align: middle; background-color: white">
    <TD ROWSPAN="2" STYLE="border-top: black 0.5pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total assets <SUP>(*)</SUP> -</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,677,189</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,228,153</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">195,290</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,696,522</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(153,422)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,543,100</TD></TR>
  <TR STYLE="height: 16.5pt; background-color: white">
    <TD STYLE="font-weight: bold; vertical-align: top; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; height: 16.5pt">Total liabilities -</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,610,852</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,150,141</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">150,705</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,507,587</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">(163,537)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,344,050</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="height: 13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(*) </SUP>&nbsp;Includes:</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 13.5pt">Investments in associates and joint ventures</TD>
    <TD STYLE="text-align: right">2,156</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5,946</TD>
    <TD STYLE="text-align: right">8,102</TD>
    <TD STYLE="text-align: right">1,191</TD>
    <TD STYLE="text-align: right">9,293</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white; height: 13.5pt">Fixed assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">7,333</TD>
    <TD STYLE="text-align: right; background-color: white">1,690</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">9,023</TD>
    <TD STYLE="text-align: right; background-color: white">112</TD>
    <TD STYLE="text-align: right; background-color: white">9,135</TD></TR>
  <TR STYLE="height: 13.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white; height: 13.5pt">Goodwill and Intangible assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">9,419</TD>
    <TD STYLE="text-align: right; background-color: white">8,338</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">17,757</TD>
    <TD STYLE="text-align: right; background-color: white">5,607</TD>
    <TD STYLE="text-align: right; background-color: white">23,364</TD></TR>
  <TR STYLE="height: 32.25pt; vertical-align: top; background-color: white">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 32.25pt">1) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Interest margin includes interest and similar
income and expenses of R$ 64,135&nbsp;(R$ 72,418&nbsp;from&nbsp;01/01 to 12/31/2022), result of financial assets and liabilities at fair
value through profit or loss of&nbsp;R$ 29,145&nbsp;(R$ 13,325&nbsp;from&nbsp;01/01 to 12/31/2022)&nbsp;and foreign exchange results and
exchange variations in foreign transactions of&nbsp;R$ 4,432&nbsp;(R$ 1,280&nbsp;from&nbsp;01/01 to 12/31/2022).&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Non-interest expenses refer to general and
administrative expenses, including depreciation and amortization expenses of R$ (6,529)&nbsp;(R$ (5,750)&nbsp;from&nbsp;01/01 to 12/31/2022).&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 12/31/2022</TD></TR>
  <TR STYLE="height: 44.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 44.25pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Retail Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Wholesale Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Activities with the Market +&nbsp;&nbsp;Corporation</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">ITA&Uacute; UNIBANCO</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">IFRS consolidated <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 14.25pt; width: 36%">Operating revenues</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">90,509</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">49,229</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">2,983</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">142,721</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">(442)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">142,279</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Interest margin</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54,881</TD>
    <TD STYLE="text-align: right">34,701</TD>
    <TD STYLE="text-align: right">2,979</TD>
    <TD STYLE="text-align: right">92,561</TD>
    <TD STYLE="text-align: right">(5,538)</TD>
    <TD STYLE="text-align: right">87,023</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Commissions and&nbsp;&nbsp;Banking Fees</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">26,787</TD>
    <TD STYLE="text-align: right">14,143</TD>
    <TD STYLE="text-align: right">177</TD>
    <TD STYLE="text-align: right">41,107</TD>
    <TD STYLE="text-align: right">3,459</TD>
    <TD STYLE="text-align: right">44,566</TD></TR>
  <TR STYLE="height: 29.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 29.25pt">Income from insurance and private pension operations before&nbsp;&nbsp;claim and selling expenses</TD>
    <TD STYLE="text-align: right">8,841</TD>
    <TD STYLE="text-align: right">385</TD>
    <TD STYLE="text-align: right">(173)</TD>
    <TD STYLE="text-align: right">9,053</TD>
    <TD STYLE="text-align: right">(3,646)</TD>
    <TD STYLE="text-align: right">5,407</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Other revenues</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5,283</TD>
    <TD STYLE="text-align: right">5,283</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Cost of Credit</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(29,908)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,392)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(32,300)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,563</TD>
    <TD STYLE="font-weight: bold; text-align: right">(27,737)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Claims</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,538)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,549)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,549</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Operating margin</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">59,063</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,826</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,983</TD>
    <TD STYLE="font-weight: bold; text-align: right">108,872</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,670</TD>
    <TD STYLE="font-weight: bold; text-align: right">114,542</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; height: 14.25pt">Other operating&nbsp;&nbsp;income / (expenses)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(43,512)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,482)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(374)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(63,368)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14,480)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(77,848)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; height: 14.25pt">Non-interest expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(37,302)</TD>
    <TD STYLE="text-align: right">(17,019)</TD>
    <TD STYLE="text-align: right">(312)</TD>
    <TD STYLE="text-align: right">(54,633)</TD>
    <TD STYLE="text-align: right">(14,297)</TD>
    <TD STYLE="text-align: right">(68,930)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Tax expenses for ISS, PIS and COFINS and Other</TD>
    <TD STYLE="text-align: right">(6,210)</TD>
    <TD STYLE="text-align: right">(2,463)</TD>
    <TD STYLE="text-align: right">(62)</TD>
    <TD STYLE="text-align: right">(8,735)</TD>
    <TD STYLE="text-align: right">(855)</TD>
    <TD STYLE="text-align: right">(9,590)</TD></TR>
  <TR STYLE="height: 29.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 29.25pt">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">672</TD>
    <TD STYLE="text-align: right">672</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; height: 14.25pt">Income before income tax&nbsp;&nbsp;and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,551</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,344</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,609</TD>
    <TD STYLE="font-weight: bold; text-align: right">45,504</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,810)</TD>
    <TD STYLE="font-weight: bold; text-align: right">36,694</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 14.25pt">Income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(4,594)</TD>
    <TD STYLE="text-align: right">(9,076)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">(13,684)</TD>
    <TD STYLE="text-align: right">7,232</TD>
    <TD STYLE="text-align: right">(6,452)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; height: 14.25pt">Non-controlling interests</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">(825)</TD>
    <TD STYLE="text-align: right">(254)</TD>
    <TD STYLE="text-align: right">(1,034)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1,035)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; height: 14.25pt">Net income</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,002</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,443</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,341</TD>
    <TD STYLE="font-weight: bold; text-align: right">30,786</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,579)</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,207</TD></TR>
  <TR STYLE="height: 11.25pt; vertical-align: middle">
    <TD STYLE="font-style: italic; border-top: black 0.5pt solid; height: 11.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 0.5pt solid; font-weight: bold; text-align: right">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total assets <SUP>(*)</SUP> -</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,524,983</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,175,209</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">171,983</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,469,958</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(148,892)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,321,066</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; height: 14.25pt">Total liabilities -</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,455,227</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,102,834</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">144,379</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,300,224</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(156,265)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,143,959</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left; height: 14.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(*)</SUP> Includes:</FONT></TD>
    <TD STYLE="padding-left: 12px; border-top: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Investments in associates and joint ventures</TD>
    <TD STYLE="text-align: right">2,114</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,798</TD>
    <TD STYLE="text-align: right">6,912</TD>
    <TD STYLE="text-align: right">531</TD>
    <TD STYLE="text-align: right">7,443</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Fixed assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,781</TD>
    <TD STYLE="text-align: right">1,282</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,063</TD>
    <TD STYLE="text-align: right">704</TD>
    <TD STYLE="text-align: right">7,767</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Goodwill and Intangible assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,660</TD>
    <TD STYLE="text-align: right">9,062</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">17,722</TD>
    <TD STYLE="text-align: right">5,392</TD>
    <TD STYLE="text-align: right">23,114</TD></TR>
  <TR STYLE="height: 30pt; vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 30pt">1) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD STYLE="border-top: black 1pt solid; height: 14.25pt">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 12/31/2021</TD></TR>
  <TR STYLE="height: 45pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 45pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Retail&nbsp;&nbsp;&nbsp;&nbsp;Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Wholesale Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Activities with the Market +&nbsp;&nbsp;Corporation</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">ITA&Uacute; UNIBANCO</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">IFRS consolidated <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; height: 14.25pt">Operating revenues</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">75,443</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">38,228</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">11,930</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">125,601</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">773</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">126,374</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; height: 14.25pt">Interest margin</TD>
    <TD STYLE="text-align: right">43,042</TD>
    <TD STYLE="text-align: right">24,005</TD>
    <TD STYLE="text-align: right">11,099</TD>
    <TD STYLE="text-align: right">78,146</TD>
    <TD STYLE="text-align: right">(2,937)</TD>
    <TD STYLE="text-align: right">75,209</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Commissions and Banking Fees</TD>
    <TD STYLE="text-align: right">25,169</TD>
    <TD STYLE="text-align: right">13,817</TD>
    <TD STYLE="text-align: right">884</TD>
    <TD STYLE="text-align: right">39,870</TD>
    <TD STYLE="text-align: right">2,454</TD>
    <TD STYLE="text-align: right">42,324</TD></TR>
  <TR STYLE="height: 30pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; background-color: white; height: 30pt">Income from insurance and private pension operations before&nbsp;&nbsp;claim and selling expenses</TD>
    <TD STYLE="text-align: right; background-color: white">7,232</TD>
    <TD STYLE="text-align: right; background-color: white">406</TD>
    <TD STYLE="text-align: right; background-color: white">(53)</TD>
    <TD STYLE="text-align: right">7,585</TD>
    <TD STYLE="text-align: right; background-color: white">(2,231)</TD>
    <TD STYLE="text-align: right; background-color: white">5,354</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Other revenues</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,487</TD>
    <TD STYLE="text-align: right">3,487</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Cost of Credit</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18,278)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,956)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(20,234)</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,455</TD>
    <TD STYLE="text-align: right">(12,779)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Claims</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,591)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,600)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,600)</FONT></TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Operating margin</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,574</TD>
    <TD STYLE="font-weight: bold; text-align: right">36,263</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,930</TD>
    <TD STYLE="font-weight: bold; text-align: right">103,767</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,228</TD>
    <TD STYLE="text-align: right">111,995</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Other operating&nbsp;&nbsp;income / (expenses)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(40,116)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,743)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,055)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(58,914)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(10,850)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(69,764)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Non-interest expenses</TD>
    <TD STYLE="text-align: right">(35,031)</TD>
    <TD STYLE="text-align: right">(15,699)</TD>
    <TD STYLE="text-align: right">(478)</TD>
    <TD STYLE="text-align: right">(51,208)</TD>
    <TD STYLE="text-align: right">(11,341)</TD>
    <TD STYLE="text-align: right">(62,549)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; height: 14.25pt">Tax expenses for&nbsp;&nbsp;ISS, PIS and COFINS and Other</TD>
    <TD STYLE="text-align: right">(5,085)</TD>
    <TD STYLE="text-align: right">(2,044)</TD>
    <TD STYLE="text-align: right">(577)</TD>
    <TD STYLE="text-align: right">(7,706)</TD>
    <TD STYLE="text-align: right">(673)</TD>
    <TD STYLE="text-align: right">(8,379)</TD></TR>
  <TR STYLE="height: 30pt; vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; background-color: white; height: 30pt">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white">1,164</TD>
    <TD STYLE="text-align: right; background-color: white">1,164</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; height: 14.25pt">Income before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,458</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,520</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,875</TD>
    <TD STYLE="font-weight: bold; text-align: right">44,853</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,622)</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,231</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; height: 14.25pt">Income tax and social contribution</TD>
    <TD STYLE="text-align: right">(5,593)</TD>
    <TD STYLE="text-align: right">(6,799)</TD>
    <TD STYLE="text-align: right">(3,997)</TD>
    <TD STYLE="text-align: right">(16,389)</TD>
    <TD STYLE="text-align: right">2,542</TD>
    <TD STYLE="text-align: right">(13,847)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; height: 14.25pt">Non-controlling interests</TD>
    <TD STYLE="text-align: right">(330)</TD>
    <TD STYLE="text-align: right">(591)</TD>
    <TD STYLE="text-align: right">(664)</TD>
    <TD STYLE="text-align: right">(1,585)</TD>
    <TD STYLE="text-align: right">(39)</TD>
    <TD STYLE="text-align: right">(1,624)</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; height: 14.25pt">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">9,535</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">11,130</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">6,214</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">26,879</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(119)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">26,760</TD></TR>
  <TR STYLE="height: 7.5pt; vertical-align: middle; background-color: white">
    <TD STYLE="font-size: 11pt; height: 7.5pt; width: 36%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri\; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD ROWSPAN="2" STYLE="border-top: black 0.5pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total assets <SUP>(*)</SUP> -</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,311,330</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,013,836</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">133,123</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,166,019</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(96,813)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,069,206</TD></TR>
  <TR STYLE="height: 14.25pt; background-color: white">
    <TD STYLE="font-weight: bold; vertical-align: top; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; height: 14.25pt">Total liabilities -</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,252,211</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">945,311</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">105,190</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,010,442</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">(105,712)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">1,904,730</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="height: 14.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(*) </SUP>&nbsp;Includes:</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white; height: 14.25pt">Investments in associates and joint ventures</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">2,008</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">4,338</TD>
    <TD STYLE="text-align: right; background-color: white">6,346</TD>
    <TD STYLE="text-align: right; background-color: white">(225)</TD>
    <TD STYLE="text-align: right; background-color: white">6,121</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white; height: 14.25pt">Fixed assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">5,420</TD>
    <TD STYLE="text-align: right; background-color: white">997</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">6,417</TD>
    <TD STYLE="text-align: right; background-color: white">546</TD>
    <TD STYLE="text-align: right; background-color: white">6,963</TD></TR>
  <TR STYLE="height: 14.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white; height: 14.25pt">Goodwill and Intangible assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">8,371</TD>
    <TD STYLE="text-align: right; background-color: white">9,557</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">17,928</TD>
    <TD STYLE="text-align: right; background-color: white">3,182</TD>
    <TD STYLE="text-align: right; background-color: white">21,110</TD></TR>
  <TR STYLE="height: 31.5pt; vertical-align: top; background-color: white">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 31.5pt">1) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Interest margin includes interest and similar
income and expenses of R$ 59,948, result of financial assets and liabilities at fair value through profit or loss of&nbsp;R$ 16,678&nbsp;and
foreign exchange results and exchange variations in foreign transactions of&nbsp;R$ (1,417).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Non-interest expenses refers to general
and administrative expenses, including depreciation and amortization expenses of R$ (5,548).&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Result of Non-Current
Assets and Main Services and Products by Geographic Region</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; height: 17.25pt; width: 35%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 7%"><FONT STYLE="font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 7%"><FONT STYLE="font-size: 8pt">Abroad</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 7%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 7%"><FONT STYLE="font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 7%"><FONT STYLE="font-size: 8pt">Abroad</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 7%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Non-current assets</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">27,855</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,644</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">32,499</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">24,808</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6,073</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">30,881</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: justify; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: justify; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: justify; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">01/01 to
    12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">01/01 to
    12/31/2022</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">01/01 to
    12/31/2021</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Abroad</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Abroad</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Abroad</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Income
    related to interest and similar <SUP>(1,2,3)</SUP></FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">221,534</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">34,428</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">255,962</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">173,746</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">30,024</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">203,770</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">117,094</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">27,420</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">144,514</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Income
    from insurance contracts and private pension <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6,613</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6,613</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">5,407</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">5,407</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">5,332</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">22</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">5,354</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 17.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Commissions
    and Banking Fees <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">41,147</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,584</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">45,731</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">40,062</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,504</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">44,566</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">37,744</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,580</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">42,324</FONT></TD></TR>
  <TR STYLE="height: 48pt; vertical-align: top">
    <TD COLSPAN="11" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify; height: 48pt"><FONT STYLE="font-size: 8pt">1)
    Includes Interest and similar Income, of Financial Assets and Liabilities at Fair Value through Profit or Loss and Foreign exchange
    results and exchange variations in foreign transactions.<BR>
    2) ITA&Uacute; UNIBANCO HOLDING does not have customers representing 10% or higher of its revenues.<BR>
    3) In &quot;Brazil&quot; geographic region the companies headquartered in the country and &quot;Abroad&quot; are considered; the
    other companies, the amounts consider the already eliminated values.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 31 - Related parties</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Transactions between related parties are
carried out for amounts, terms and average rates in accordance with normal market practices during the period, and under reciprocal conditions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Transactions between companies and investment
funds, included in consolidation (Note 2c I), have been eliminated and do not affect the consolidated statements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The principal unconsolidated related parties
are as follows:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Parent
companies: IUPAR, E. JOHNSTON and ITA&Uacute;SA.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Associates
and joint ventures: of which stand out: Biomas Servi&ccedil;os Ambientais, Restaura&ccedil;&atilde;o e Carbono S.A.; BSF Holding S.A.;
Conectcar Institui&ccedil;&atilde;o de Pagamento e Solu&ccedil;&otilde;es de Mobilidade Eletr&ocirc;nica S.A.; Kinea Private Equity Investimentos
S.A.; Ol&iacute;mpia Promo&ccedil;&atilde;o e Servi&ccedil;os S.A.; Porto Seguro Ita&uacute; Unibanco Participa&ccedil;&otilde;es S.A.;
Pravaler S.A. and Tecnologia Banc&aacute;ria S.A.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Other
related parties:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Direct
and indirect equity interests of ITA&Uacute;SA, in particular: Aegea Saneamento e Participa&ccedil;&otilde;es S.A.; &Aacute;guas do Rio
1 SPE S.A., &Aacute;guas do Rio 4 SPE S.A.; Alpargatas S.A.; CCR S.A.; Copa Energia Distribuidora de G&aacute;s S.A. and Dexco S.A.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Pension
plans, in particular: Funda&ccedil;&atilde;o Ita&uacute; Unibanco &#8211; Previd&ecirc;ncia Complementar and FUNBEP &#8211; Fundo de Pens&atilde;o
Multipatrocinado, closed-end supplementary pension entities, that administer retirement plans sponsored by ITA&Uacute; UNIBANCO HOLDING,
created exclusively for employees.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Associations,
in particular: Associa&ccedil;&atilde;o Cubo Coworking Ita&uacute; and Associa&ccedil;&atilde;o Ita&uacute; Viver Mais.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Foundations
and Institutes, in particular: Funda&ccedil;&atilde;o Sa&uacute;de Ita&uacute;; Instituto Ita&uacute; Ci&ecirc;ncia, Tecnologia e Inova&ccedil;&atilde;o
and Instituto Unibanco.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Transactions with
related parties:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">ITA&Uacute;
    UNIBANCO HOLDING</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Parent companies</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Associates and joint
    ventures</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other related parties</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Parent companies</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Associates and joint
    ventures</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other related parties</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt; width: 35%"><FONT STYLE="font-size: 8pt">Assets</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 34.5pt"><FONT STYLE="font-size: 8pt">lnterbank investments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">321</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">321</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">676</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,835</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,511</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Loan operations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">355</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">324</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">679</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">109</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">668</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">777</FONT></TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 34.5pt"><FONT STYLE="font-size: 8pt">Securities and derivatives (asset
    and liability position)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,307</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">317</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,096</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,720</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,199</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">548</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,584</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,331</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Other assets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">357</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">397</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">166</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">177</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Total assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,308</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,350</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">3,459</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6,117</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,200</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,499</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">9,097</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">11,796</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Liabilities</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(92)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,306)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,398)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(127)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,426)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,553)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Deposits received under securities
    repurchase agreements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(119)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(75)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(194)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(19)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(19)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Funds from acceptances and issuance
    of securities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(82)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(82)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(49)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(49)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Other liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(9)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,072)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,089)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(21)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(9)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(255)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(285)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Total
    Liabilities</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(220)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2,535)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2,763)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(21)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(136)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2,749)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2,906)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 9pt 0pt 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 9pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">ITA&Uacute;
    UNIBANCO HOLDING</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">01/01
    to 12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">01/01
    to 12/31/2022</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">01/01
    to 12/31/2021</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Parent companies</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Associates and joint
    ventures</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other related parties</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Parent companies</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Associates and joint
    ventures</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other related parties</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Parent companies</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Associates and joint
    ventures</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Other related parties</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify; height: 17.25pt; width: 26%"><FONT STYLE="font-size: 8pt">Statement of lncome</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">lncome related to financial operations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">173</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">48</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">629</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">850</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">166</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">51</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">969</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,186</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">74</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">34</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">314</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">422</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Expenses related to financial operations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(20)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(298)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(318)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(7)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(187)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(194)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(35)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(37)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">Other operating revenues / (expenses)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(81)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(196)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(263)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(98)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(60)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(145)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(186)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(173)</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify; height: 17.25pt"><FONT STYLE="font-size: 8pt">lncome</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">187</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(53)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">135</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">269</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">179</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(54)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">722</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">847</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">87</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">32</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">93</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">212</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 9pt 0pt 8pt; text-align: justify">Operations with Key Management Personnel
of&nbsp;ITA&Uacute; UNIBANCO HOLDING present Assets of R$ 185, Liabilities of&nbsp;R$ (7,099) and Results of&nbsp;R$ (62) (R$ 162,&nbsp;R$
(6,427)&nbsp;at&nbsp;12/31/2022&nbsp;and&nbsp;R$ 16&nbsp;and&nbsp;R$ (20) from 01/01 to 12/31/2022&nbsp;and&nbsp;01/01 to 12/31/2021,
respectively).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Compensation and Benefits
of Key Management Personnel</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-bottom: 9pt; text-align: justify">Compensation and benefits attributed to Managers Members, members of the Audit Committee and the Board of Directors of ITA&Uacute; UNIBANCO HOLDING in the period correspond to:</TD></TR>
  <TR STYLE="height: 34.5pt; vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; height: 34.5pt; width: 58%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to <BR>
12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to <BR>
12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to <BR>
12/31/2021</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; height: 17.25pt">Fees</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(686)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(603)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(460)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Profit sharing</TD>
    <TD STYLE="text-align: right">(275)</TD>
    <TD STYLE="text-align: right">(255)</TD>
    <TD STYLE="text-align: right">(208)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Post-employment benefits</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(9)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="height: 17.25pt">Share-based payment plan</TD>
    <TD STYLE="text-align: right">(179)</TD>
    <TD STYLE="text-align: right">(142)</TD>
    <TD STYLE="text-align: right">(120)</TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; height: 17.25pt">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">(1,146)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">(1,005)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">(797)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">Total amount related to share-based payment
plans, personnel expenses and post-employment benefits is detailed in Notes&nbsp;20,&nbsp;23&nbsp;and&nbsp;26,&nbsp;respectively.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 32 - Risk and Capital
Management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Corporate Governance</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;invests
in robust risk management processes and capital management that are the basis for its strategic decisions to ensure business sustainability
and maximize shareholder value creation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These processes are aligned with the guidelines
of the Board of Directors and Executive which, through collegiate bodies, define the global objectives expressed as targets and limits
for the business units that manage risk. Control and capital management units, in turn, support&nbsp;ITA&Uacute; UNIBANCO HOLDING&#8217;s
management by monitoring and analyzing risk and capital.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Board of Directors is the main body
responsible for establishing guidelines, policies and approval levels for risk and capital management. The Capital and Risk Management
Committee (CGRC), in turn, is responsible for supporting the Board of Directors in managing capital and risk. At the executive level,
collegiate bodies, presided over by the Chief Executive Officer (CEO) of&nbsp;ITA&Uacute; UNIBANCO HOLDING, are responsible for capital
and risk management, and their decisions are monitored by the CGRC.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally,&nbsp;ITA&Uacute; UNIBANCO
HOLDING has collegiate bodies with capital and risk management responsibilities delegated to them, under the responsibility of the CRO
(Chief Risk Officer). To support this structure, the Risk Department has departments to ensure, on an independent and centralized basis,
that the institution&#8217;s risks and capital are managed in compliance with the defined policies and procedures.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING's management
model is made up of:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>1st
line of defense: business areas, which have primary responsibility for managing the risk they originate.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>2nd
line of defense: risk area, which ensures that risks are managed and are supported by risk management principles (risk appetite, policies,
procedures and dissemination of the risk culture in the business).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>3rd
line of defense: internal audit, which is linked to the Board of Directors and makes an independent assessment of the activities developed
by the other areas.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Risk Management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Risk Appetite</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The risk appetite of&nbsp;ITA&Uacute; UNIBANCO
HOLDING is based on the Board of Director&#8217;s statement:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><I>&#8220;We are a universal bank, operating
predominantly in Latin America. Supported by our risk culture, we operate based on rigorous ethical and regulatory compliance standards,
seeking high and growing results, with low volatility, by means of the long-lasting relationship with clients, correctly pricing risks,
well-distributed fund-raising and proper use of capital.&#8221;</I></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Based on this statement, six dimensions
have been defined, each dimension consists of a set of metrics associated with the main risks involved, combining supplementary measurement
methods, to give a comprehensive vision of our exposure.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Board of Directors is responsible for
approving guidelines and limits for risk appetite, with the support of CGRC and the CRO.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The limits for risk appetite are monitored
regularly and reported to risk committees and to the Board of Directors, which will oversee the preventive measures to be taken to ensure
that exposure is aligned with the strategies of&nbsp;ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Foremost among processes for proper risk
and capital management are the Risk Appetite Statement (RAS) and the implementation of a continuous, integrated risk management structure,
the stress test program, the establishment of a Risk Committee, and the nomination at BACEN of a Chief Risk Officer (CRO), with roles
and responsibilities assigned, and requirements for independence.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The six dimensions of risk appetite are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Capitalization:&nbsp;</B>establishes
that&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;must have capital sufficient to face any serious recession period or a stress event without
the need to adjust its capital structure under unfavorable circumstances. It is monitored by tracking ITA&Uacute; UNIBANCO HOLDING&#8217;s
capital ratios, both in normal and stress scenarios, and of the ratings of the institution's debt issues.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Liquidity:</B>
establishes that the liquidity of&nbsp;ITA&Uacute; UNIBANCO HOLDING must withstand long periods of stress. It is monitored by tracking
liquidity indicators.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Composition
of results:</B> establishes that business will mainly focus on Latin America, where Ita&uacute; Unibanco will have a diversified range
of customers and products, with low appetite for results volatility and high risk. This dimension includes business and profitability,
as well as market risk and IRRBB, underwriting and credit risk, including social, environmental and climate dimensions. The metrics monitored
by the bank seek to ensure, by means of exposure concentration limits such as, for example, industry sectors, quality of counterparties,
countries and geographic regions and risk factors, a suitable composition of the bank&#8217;s portfolios, aiming at low volatility of
results and business sustainability.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Operational
risk:&nbsp;</B>focuses on the control of operating risk events that may adversely impact business and operating strategy, and involves
monitoring the main operational risk events and losses incurred.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Reputation:&nbsp;</B>addresses
risks that may impact the institution&#8217;s brand value and reputation with customers, employees, regulatory bodies, investors and the
general public. The risk monitoring in this dimension is carried in addition to monitoring the institution&#8217;s conduct.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Customer:</B>
addresses risks that may compromise customer satisfaction and experience, and is monitored by tracking customer satisfaction, direct impacts
on customers and suitability indicators.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Risk appetite, risk management and guidelines
for employees of&nbsp;ITA&Uacute; UNIBANCO HOLDING for routine decision-making purposes are based on:&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Sustainability
and customer satisfaction: </B>ITA&Uacute; UNIBANCO HOLDING's vision is to be the leading bank in sustainable performance and customer
satisfaction and, accordingly, it is committed to creating shared value for staff, customers, stockholders and society, ensuring the continuity
of the business. ITA&Uacute; UNIBANCO HOLDING is committed to doing business that is good both for the customer and the institution itself.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Risk
culture:</B>&nbsp;ITA&Uacute; UNIBANCO HOLDING&#8217;s risk culture goes beyond policies, procedures or processes, reinforcing the individual
and collective responsibility of all employees so that they will do the right thing at the right time and in the proper manner, respecting
the ethical way of doing business.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Risk
pricing:&nbsp;</B>ITA&Uacute; UNIBANCO HOLDING&nbsp;&#8217;s operates and assumes risks in businesses that it knows and understands, avoids
the ones that are unknown or that do not provide competitive advantages, and carefully assesses risk-return ratios.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Diversification:</B>&nbsp;ITA&Uacute;
UNIBANCO HOLDING has little appetite for volatility in earnings, and it therefore operates with a diverse base of customers, products
and business, seeking to diversify risks and giving priority to lower risk business.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Operational
excellence:</B> It is the wish of ITA&Uacute; UNIBANCO HOLDING&nbsp;to be an agile bank, with a robust and stable infrastructure enabling
us to offer top quality services.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Ethics
and respect for regulations: </B>for&nbsp;ITA&Uacute; UNIBANCO HOLDING, ethics is non-negotiable, and it therefore promotes an institutional
environment of integrity, encouraging staff to cultivate ethics in relationships and business and to respect the rules, thus caring for
the institution&#8217;s reputation.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has various
ways of disseminating risk culture, based on four principles: conscious risk-taking, discussion of the risks the institution faces, the
corresponding action taken, and the responsibility of everyone for managing risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These principles serve as a basis for ITA&Uacute;
UNIBANCO HOLDING guidelines, helping employees to conscientiously understand, identify, measure, manage and mitigate risks.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Credit risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The possibility of losses arising from failure
by a borrower, issuer or counterparty to meet their financial obligations, the impairment of a loan due to downgrading of the risk rating
of the borrower, the issuer or the counterparty, a decrease in earnings or remuneration, advantages conceded on renegotiation or the costs
of recovery.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There is a credit risk control and management
structure, centralized and independent from the business units, that provides for operating limits and risk mitigation mechanisms, and
also establishes processes and tools to measure, monitor and control the credit risk inherent in all products, portfolio concentrations
and impacts of potential changes in the economic environment.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The credit policy of&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;is based on internal criteria such as: classification of customers, portfolio performance and changes, default levels, rate
of return and economic capital allocated, among others, and also take into account external factors such as interest rates, market default
indicators, inflation, changes in consumption, and so on.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For personal customers and small and middle-market
companies, credit rating is based on statistical application models (at the early stages of the relationship with a customer) and behavior
score (used for customers with which&nbsp;ITA&Uacute; UNIBANCO HOLDING already has a relationship).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For large companies, the rating is based
on information such as economic and financial condition of the counterparty, their cash-generating capability, the economic group to which
they belong, and the current and prospective situation of the economic sector in which they operate,&nbsp;in accordance with the guidelines
of the Sustainability and Social and Environmental Responsibility Policy (PRSA) and specific manuals and procedures of&nbsp;ITA&Uacute;
UNIBANCO HOLDING.&nbsp;Credit proposals are analyzed on a case by case basis, through an approval-level mechanism.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING strictly controls
the credit exposure of customers and counterparties, taking action to address situations in which the current exposure exceeds what is
desirable. For this purpose, measures provided for in loan agreements are available, such as accelerated maturity or a requirement for
additional collateral.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.I - Collateral and policies for mitigating
credit risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses guarantees
to increase its capacity for recovery in operations exposed to credit risk. The guarantees may be personal, secured, legal structures
with mitigating power and offset agreements.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For collateral to be considered instruments
that mitigate credit risk, it must comply with the requirements and standards that regulate such instruments, both internal and external
ones, and they must be legally valid (effective), enforceable, and assessed on a regular basis.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;also uses
credit derivatives, to mitigate credit risk of its portfolios of loans and securities. These instruments are priced based on models that
use the fair value of market inputs, such as credit spreads, recovery rates, correlations and interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.II -&nbsp;Governance and measurement of
expected credit loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Both the credit risk and the finance areas
are responsible for defining the methods used to measure expected loan losses and for periodically assessing changes in the provision
amounts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These areas monitor the trends observed
in provisions for expected credit losses by business, in addition to establishing an initial understanding of the variables that may trigger
changes in the allowance for loan losses, the probability of default (PD) or the loss given default (LGD).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Once the trends have been identified and
an initial assessment of the variables has been made at the corporate level, the business areas are responsible for further analyzing
these trends in more detail and for each business, in order to understand the underlying reasons for the trends and to decide whether
changes are required in credit policies.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING calculates
the expected credit loss of the Retail business portfolio by multiplying the expected historical credit loss by the EAD (Exposure at Default)
amount. For the Wholesale business portfolio, the PD, LGD and EAD parameters are multiplied.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="padding-bottom: 9pt; color: #EC7000; font-weight: bold">Sensitivity analysis</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="padding-bottom: 9pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING prepares studies on the impact of estimates in the calculation of expected credit loss. The expected loss models use three different scenarios: Optimistic, Base and Pessimistic. In Brazil, where operations are substantially carried out, these scenarios are combined by weighting their probabilities: 15%, 55% and 30%, respectively, which are updated so as to reflect the new economic conditions. For loan portfolios originated in other countries, the scenarios are weighted by different probabilities, considering regional economic aspects and conditions.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="padding-bottom: 9pt; text-align: justify">The table below shows the amount of financial assets at amortized cost and at fair value through other comprehensive income, expected loss and the impacts on the calculation of expected credit loss in the adoption of 100% of each scenario:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Financial&nbsp;&nbsp;&nbsp;&nbsp;Assets
    <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Expected&nbsp;&nbsp;&nbsp;&nbsp;Loss</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Reduction/(Increase)
    of Expected Loss</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Financial&nbsp;&nbsp;&nbsp;&nbsp;Assets
    <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Expected&nbsp;&nbsp;&nbsp;&nbsp;Loss</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Reduction/(Increase)
    of Expected Loss</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Pessimistic
    scenario</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Base scenario</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Optimistic scenario</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Pessimistic scenario</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Base scenario</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Optimistic scenario</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,302,826</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(51,884)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(2,298)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">422</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,090</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,256,752</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(54,476)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(530)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">198</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">530</FONT></TD></TR>
  <TR STYLE="height: 17.25pt; vertical-align: top">
    <TD COLSPAN="11" STYLE="padding-top: 6pt; font-size: 8pt; text-align: justify; padding-bottom: 9pt">1) Composed of Loan operations, lease operations and securities.</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Expected loss comprises Expected credit
loss for Financial guarantees R$ (887) (R$ (810) at 12/31/2022) and Loan commitments R$ (3,311) (R$ (2,874) at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.III -&nbsp;Classification of Stages of Credit
Impairment</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on expected credit
loss is presented in Note&nbsp;2c IV.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING uses customers&#8217;
internal information, statistic models, days of default and quantitative analysis in order to determine the credit risk of the financial
assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The rules to change stage are determined
according to historical behavior of ITA&Uacute; UNIBANCO HOLDING&#8217;s product portfolios and consider:</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Stage
1 to stage 2:</B> delay or evaluation of&nbsp;probability of default (PD) triggers.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For Retail business portfolios, ITA&Uacute;
UNIBANCO HOLDING migrates credit contracts overdue for over 30 days to stage 2, except payroll loans to public bodies (45 days in arrears)
and INSS (15 days in arrears) due to the dynamics of product transfer payments and portfolio risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For agreements with delay less than 30 days,
the migration to stage 2 occurs if the financial asset exceeds the allowance for loan losses established by the risk appetite approved
by ITA&Uacute; UNIBANCO HOLDING&#8217;s Management for each portfolio, whereas the others remain in stage 1.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For the Wholesale business portfolio,&nbsp;ITA&Uacute;
UNIBANCO HOLDING migrates to stage 2 the contracts of the same economic subgroup when there is a delay exceeding 30 days in an amount
considered material.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For contracts overdue for less than 30 days,
ITA&Uacute; UNIBANCO HOLDING determines a rating limit by economic subgroup that, if exceeded, causes the migration of all economic subgroup&#8217;s
contracts to stage 2. If the economic subgroup&#8217;s rating is lower than the limit established for stage 2, the significant increase
in credit risk is verified through the relative variation of the economic subgroup&#8217;s rating in relation to the rating established
12 months before.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Stage
3:</B> default parameters are used to identify stage 3, the main ones are: 90 days in arrears in the payment of principal and charges,
except for the mortgage loan portfolio, which are considered 180 days in arrears; debt restructuring; filing for bankruptcy; loss; and
court-supervised recovery. The financial asset, at any stage, can migrate to stage 3 when showing default parameters.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">After a certain credit status has been defined
for an agreement, it is classified in one of the three stages of credit deterioration. Based on this classification, rules for measuring
expected credit loss in each stage are used, as described in Note&nbsp;2c IV.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="8" STYLE="padding-top: 9pt; color: #EC7000; font-weight: bold; padding-bottom: 9pt">I.IV - Maximum Exposure of Financial Assets to Credit Risk</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 51%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Brazil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Abroad</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Total</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Brazil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Abroad</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold">Financial&nbsp;&nbsp;Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,772,360</TD>
    <TD STYLE="font-weight: bold; text-align: right">466,854</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,239,214</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,543,194</TD>
    <TD STYLE="font-weight: bold; text-align: right">511,277</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,054,471</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Amortized Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,206,141</TD>
    <TD STYLE="font-weight: bold; text-align: right">334,680</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,540,821</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,112,594</TD>
    <TD STYLE="font-weight: bold; text-align: right">350,447</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,463,041</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Interbank deposits</TD>
    <TD STYLE="text-align: right">22,248</TD>
    <TD STYLE="text-align: right">28,759</TD>
    <TD STYLE="text-align: right">51,007</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,955</TD>
    <TD STYLE="text-align: right">40,637</TD>
    <TD STYLE="text-align: right">59,592</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Securities purchased under&nbsp;&nbsp;agreements to resell</TD>
    <TD STYLE="text-align: right">235,656</TD>
    <TD STYLE="text-align: right">2,665</TD>
    <TD STYLE="text-align: right">238,321</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">218,339</TD>
    <TD STYLE="text-align: right">3,440</TD>
    <TD STYLE="text-align: right">221,779</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Securities</TD>
    <TD STYLE="text-align: right">227,232</TD>
    <TD STYLE="text-align: right">33,511</TD>
    <TD STYLE="text-align: right">260,743</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">185,658</TD>
    <TD STYLE="text-align: right">27,368</TD>
    <TD STYLE="text-align: right">213,026</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: justify">Loan and lease operations</TD>
    <TD STYLE="text-align: right">658,471</TD>
    <TD STYLE="text-align: right">252,119</TD>
    <TD STYLE="text-align: right">910,590</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">636,836</TD>
    <TD STYLE="text-align: right">272,586</TD>
    <TD STYLE="text-align: right">909,422</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Other financial assets</TD>
    <TD STYLE="text-align: right">102,555</TD>
    <TD STYLE="text-align: right">25,144</TD>
    <TD STYLE="text-align: right">127,699</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">96,081</TD>
    <TD STYLE="text-align: right">13,828</TD>
    <TD STYLE="text-align: right">109,909</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: justify">(-) Provision for Expected&nbsp;&nbsp;Loss</TD>
    <TD STYLE="text-align: right">(40,021)</TD>
    <TD STYLE="text-align: right">(7,518)</TD>
    <TD STYLE="text-align: right">(47,539)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(43,275)</TD>
    <TD STYLE="text-align: right">(7,412)</TD>
    <TD STYLE="text-align: right">(50,687)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Fair Value Through Other&nbsp;&nbsp;Comprehensive Income</TD>
    <TD STYLE="font-weight: bold; text-align: right">53,130</TD>
    <TD STYLE="font-weight: bold; text-align: right">76,909</TD>
    <TD STYLE="font-weight: bold; text-align: right">130,039</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">54,134</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,614</TD>
    <TD STYLE="font-weight: bold; text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Securities</TD>
    <TD STYLE="text-align: right">53,130</TD>
    <TD STYLE="text-align: right">76,909</TD>
    <TD STYLE="text-align: right">130,039</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54,134</TD>
    <TD STYLE="text-align: right">72,614</TD>
    <TD STYLE="text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Fair Value Through Profit&nbsp;&nbsp;or Loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">513,089</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,265</TD>
    <TD STYLE="font-weight: bold; text-align: right">568,354</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">376,466</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,216</TD>
    <TD STYLE="font-weight: bold; text-align: right">464,682</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: justify">Securities</TD>
    <TD STYLE="text-align: right">497,042</TD>
    <TD STYLE="text-align: right">14,710</TD>
    <TD STYLE="text-align: right">511,752</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">364,039</TD>
    <TD STYLE="text-align: right">21,060</TD>
    <TD STYLE="text-align: right">385,099</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Derivatives</TD>
    <TD STYLE="text-align: right">14,696</TD>
    <TD STYLE="text-align: right">40,555</TD>
    <TD STYLE="text-align: right">55,251</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,052</TD>
    <TD STYLE="text-align: right">67,156</TD>
    <TD STYLE="text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Other financial assets</TD>
    <TD STYLE="text-align: right">1,351</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,351</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,375</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: left">Financial liabilities -&nbsp;&nbsp;provision for expected loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,706</TD>
    <TD STYLE="font-weight: bold; text-align: right">492</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,198</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,040</TD>
    <TD STYLE="font-weight: bold; text-align: right">644</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,684</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">Loan Commitments</TD>
    <TD STYLE="text-align: right">3,062</TD>
    <TD STYLE="text-align: right">249</TD>
    <TD STYLE="text-align: right">3,311</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,622</TD>
    <TD STYLE="text-align: right">252</TD>
    <TD STYLE="text-align: right">2,874</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px">Financial Guarantees</TD>
    <TD STYLE="text-align: right">644</TD>
    <TD STYLE="text-align: right">243</TD>
    <TD STYLE="text-align: right">887</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">418</TD>
    <TD STYLE="text-align: right">392</TD>
    <TD STYLE="text-align: right">810</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: left">Off-balance sheet</TD>
    <TD STYLE="font-weight: bold; text-align: right">485,517</TD>
    <TD STYLE="font-weight: bold; text-align: right">68,033</TD>
    <TD STYLE="font-weight: bold; text-align: right">553,550</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">472,372</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,005</TD>
    <TD STYLE="font-weight: bold; text-align: right">544,377</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">Financial Guarantees</TD>
    <TD STYLE="text-align: right">83,413</TD>
    <TD STYLE="text-align: right">19,209</TD>
    <TD STYLE="text-align: right">102,622</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">71,524</TD>
    <TD STYLE="text-align: right">20,255</TD>
    <TD STYLE="text-align: right">91,779</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">Letters of credit to be&nbsp;&nbsp;released</TD>
    <TD STYLE="text-align: right">20,850</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">20,850</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,354</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">47,354</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">Loan commitments</TD>
    <TD STYLE="font-weight: bold; text-align: right">381,254</TD>
    <TD STYLE="font-weight: bold; text-align: right">48,824</TD>
    <TD STYLE="font-weight: bold; text-align: right">430,078</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">353,494</TD>
    <TD STYLE="font-weight: bold; text-align: right">51,750</TD>
    <TD STYLE="font-weight: bold; text-align: right">405,244</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: left">Mortgage loans</TD>
    <TD STYLE="text-align: right">16,368</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16,368</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,423</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">15,423</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: left">Overdraft accounts</TD>
    <TD STYLE="text-align: right">171,725</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">171,725</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">157,408</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">157,408</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: left">Credit cards</TD>
    <TD STYLE="text-align: right">189,141</TD>
    <TD STYLE="text-align: right">3,297</TD>
    <TD STYLE="text-align: right">192,438</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">177,658</TD>
    <TD STYLE="text-align: right">3,754</TD>
    <TD STYLE="text-align: right">181,412</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; border-bottom: black 0.5pt solid; text-align: left">Other pre-approved limits</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,020</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">45,527</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">49,547</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,005</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">47,996</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">51,001</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,254,171</TD>
    <TD STYLE="font-weight: bold; text-align: right">534,395</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,788,566</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,012,526</TD>
    <TD STYLE="font-weight: bold; text-align: right">582,638</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,595,164</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="padding-top: 9pt; border-top: black 0.5pt solid; text-align: justify; padding-bottom: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Amounts shown for credit risk exposure are based on gross book value and do not take into account any collateral received or other added credit improvements.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="8" STYLE="padding-bottom: 9pt; text-align: justify">The contractual amounts of financial guarantees and letters of credit cards represent the maximum potential of credit risk in the event that a counterparty does not meet the terms of the agreement. The vast majority of loan commitments (mortgage loans, overdraft accounts and other pre-approved limits) mature without being drawn, since they are renewed monthly and can be cancelled unilaterally.</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="8" STYLE="padding-bottom: 9pt; text-align: justify">As a result, the total contractual amount does not represent our real future exposure to credit risk or the liquidity needs arising from such commitments.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-top: 9pt; color: #EC7000; font-weight: bold; width: 52%; padding-bottom: 9pt">I.IV.I - By business sector</TD>
    <TD STYLE="font-weight: bold; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-top: 9pt; color: #EC7000; font-weight: bold; padding-bottom: 9pt">Loan and lease operations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Industry and commerce</TD>
    <TD STYLE="vertical-align: middle; text-align: right">186,198</TD>
    <TD STYLE="vertical-align: middle; text-align: right">20.4%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">197,351</TD>
    <TD STYLE="vertical-align: middle; text-align: right">21.7%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Services</TD>
    <TD STYLE="vertical-align: middle; text-align: right">182,795</TD>
    <TD STYLE="vertical-align: middle; text-align: right">20.1%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">177,180</TD>
    <TD STYLE="vertical-align: middle; text-align: right">19.5%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Other sectors</TD>
    <TD STYLE="vertical-align: middle; text-align: right">38,078</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4.2%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">37,072</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4.1%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 0.5pt solid; text-align: left">Individuals</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">503,519</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">55.3%</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">497,819</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">54.7%</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 1pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">910,590</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">909,422</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="color: #EC7000; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700; color: #EC7000">Other financial assets <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Public sector</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">831,963</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">66.7%</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">691,371</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">63.8%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Services</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">150,100</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">12.0%</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">167,176</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">15.4%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Other sectors</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">145,163</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">11.7%</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">119,436</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">11.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: left">Financial</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">119,887</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9.6%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">106,469</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,247,113</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,084,452</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: justify">1) Includes Financial Assets at Fair Value through Profit and Loss, Financial Assets at Fair Value through Other Comprehensive Income and Financial Assets at Amortized Cost, except for Loan and Lease Operations and Other Financial Assets.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="text-align: justify">The exposure of Off-balance sheet financial instruments (Financial Guarantees and Loan Commitments) is neither categorized nor managed by business sector.</TD></TR>
  </TABLE>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="21" STYLE="padding-top: 9pt; color: #EC7000; font-weight: bold; padding-bottom: 9pt"><FONT STYLE="font-size: 8pt">I.IV.II
    - By type and classification of credit risk</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="21" STYLE="padding-bottom: 9pt; color: #EC7000; font-weight: bold"><FONT STYLE="font-size: 8pt">Loan and lease operations</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Stage 1</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Stage 2</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Stage 3</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Total Consolidated
    of 3 Stages</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 4%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 8pt">Loan&nbsp;&nbsp;Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 12%"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Individuals</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">317,335</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">246,809</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">550</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">564,694</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">63,579</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">10,972</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">74,553</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">35,702</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">147</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">35,849</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">416,616</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">257,928</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">552</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">675,096</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Corporate</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">130,916</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">30,053</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">70,585</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">231,554</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">956</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">461</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">146</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">1,563</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">4,589</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">35</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">2,666</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">7,290</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">136,461</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">30,549</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">73,397</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">240,407</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Micro/Small and medium companies</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">145,422</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">95,886</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">11,053</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">252,361</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">13,087</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">1,216</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">110</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">14,413</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">10,601</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">90</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">201</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">10,892</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">169,110</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">97,192</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">11,364</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">277,666</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Foreign loans - Latin America</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">166,981</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">42,206</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">16,325</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">225,512</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">12,077</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">2,091</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">958</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">15,126</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">9,345</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">112</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">26</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">9,483</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">188,403</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">44,409</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">17,309</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">250,121</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">760,654</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">414,954</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">98,513</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">1,274,121</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">89,699</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">14,740</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">1,216</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">105,655</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">60,237</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">384</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">2,893</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">63,514</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">910,590</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">430,078</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">102,622</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">1,443,290</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">59.7%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">32.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">7.7%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">84.9%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">14.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">1.1%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">94.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">0.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">4.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">63.1%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">29.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">7.1%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Stage 1</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Stage 2</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Stage 3</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Total Consolidated of 3 Stages</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Individuals</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">305,210</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">233,996</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">511</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">539,717</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">59,639</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,538</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">68,178</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">35,254</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">226</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">35,480</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">400,103</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">242,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">512</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">643,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Corporate</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">133,205</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,853</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">60,209</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">223,267</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">901</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">32</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">444</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,377</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,162</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,551</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7,724</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">139,268</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,896</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">63,204</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">232,368</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Micro/Small and medium companies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">142,621</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">84,619</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,520</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">236,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,299</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,494</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">115</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">13,908</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">265</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">123</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">10,364</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">164,896</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">86,378</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9,758</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">261,032</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">Foreign loans - Latin America</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">182,516</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">44,542</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,912</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">243,970</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,863</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,544</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,279</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">16,686</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,776</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">124</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">114</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">9,014</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">205,155</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">46,210</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18,305</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">269,670</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">763,552</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">393,010</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">87,152</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,243,714</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">86,702</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">11,608</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,839</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100,149</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">59,168</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">626</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2,788</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">62,582</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">909,422</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">405,244</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">91,779</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,406,445</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">61.4%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">31.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">7.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">86.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">11.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">94.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">4.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">64.7%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">28.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">6.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Internal
    rating</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Stage
    1</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Stage
    2</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Stage
    3</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Total
    loan operations</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Stage 1</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Stage 2</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Stage 3</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total loan operations</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 8pt">Low</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 8%"><FONT STYLE="font-size: 8pt">702,746</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 8%"><FONT STYLE="font-size: 8pt">65,971</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 8%"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 9%"><FONT STYLE="font-size: 8pt">768,717</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 9%"><FONT STYLE="font-size: 8pt">705,625</FONT></TD>
    <TD STYLE="text-align: right; width: 9%"><FONT STYLE="font-size: 8pt">62,501</FONT></TD>
    <TD STYLE="text-align: right; width: 9%"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%"><FONT STYLE="font-size: 8pt">768,126</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">Medium</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">57,893</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">12,087</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">69,980</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">57,508</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14,095</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">71,603</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">High</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">15</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">11,641</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">11,656</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">419</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,106</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">10,525</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Credit-Impaired</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">60,237</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">60,237</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">59,168</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">59,168</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">760,654</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">89,699</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">60,237</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">910,590</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">763,552</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">86,702</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">59,168</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">909,422</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">83.5%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">9.9%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">6.6%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">84.0%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">9.5%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6.5%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD></TR>
  </TABLE>


<!-- Field: Page; Sequence: 140 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="padding-bottom: 9pt; color: #EC7000; font-weight: bold; text-align: left">Other financial assets</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #FF5900; font-weight: bold; border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 1</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 2</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 27%">Investment funds</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">26,570</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">21,030</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">20,559</TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">5,971</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">5,971</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">40</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">40</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">610,756</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">610,088</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">610,756</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right; background-color: white">520,964</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">520,375</TD>
    <TD STYLE="text-align: right; background-color: white">520,964</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other government</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">36</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Latin America</TD>
    <TD STYLE="text-align: right; background-color: white">54,612</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">54,443</TD>
    <TD STYLE="text-align: right; background-color: white">54,612</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Abroad</TD>
    <TD STYLE="text-align: right; background-color: white">35,180</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">35,234</TD>
    <TD STYLE="text-align: right; background-color: white">35,180</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">264,354</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">262,020</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">258,662</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">6,433</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">5,135</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">1,433</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">557</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Rural product note</TD>
    <TD STYLE="text-align: right; background-color: white">42,159</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">41,685</TD>
    <TD STYLE="text-align: right; background-color: white">41,646</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">322</TD>
    <TD STYLE="text-align: right; background-color: white">310</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">331</TD>
    <TD STYLE="text-align: right; background-color: white">203</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right; background-color: white">7,562</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">7,631</TD>
    <TD STYLE="text-align: right; background-color: white">7,562</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Bank deposit certificate</TD>
    <TD STYLE="text-align: right; background-color: white">191</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">181</TD>
    <TD STYLE="text-align: right; background-color: white">181</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">10</TD>
    <TD STYLE="text-align: right; background-color: white">10</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Debentures</TD>
    <TD STYLE="text-align: right; background-color: white">135,134</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">132,727</TD>
    <TD STYLE="text-align: right; background-color: white">131,279</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">4,693</TD>
    <TD STYLE="text-align: right; background-color: white">3,530</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">842</TD>
    <TD STYLE="text-align: right; background-color: white">325</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Eurobonds and other</TD>
    <TD STYLE="text-align: right; background-color: white">7,037</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">6,858</TD>
    <TD STYLE="text-align: right; background-color: white">6,859</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">175</TD>
    <TD STYLE="text-align: right; background-color: white">171</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">24</TD>
    <TD STYLE="text-align: right; background-color: white">7</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Financial bills</TD>
    <TD STYLE="text-align: right; background-color: white">24,125</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">24,114</TD>
    <TD STYLE="text-align: right; background-color: white">24,114</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">13</TD>
    <TD STYLE="text-align: right; background-color: white">11</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right; background-color: white">12,832</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">12,503</TD>
    <TD STYLE="text-align: right; background-color: white">12,472</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">361</TD>
    <TD STYLE="text-align: right; background-color: white">360</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other</TD>
    <TD STYLE="text-align: right; background-color: white">35,314</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">36,321</TD>
    <TD STYLE="text-align: right; background-color: white">34,549</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">859</TD>
    <TD STYLE="text-align: right; background-color: white">743</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">236</TD>
    <TD STYLE="text-align: right; background-color: white">22</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">901,680</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">893,138</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">889,977</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">12,404</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">11,106</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">1,473</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">597</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #FF5900; font-weight: bold; border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 1</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 34%">Investment funds</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">32,491</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">27,660</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">27,140</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">5,259</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">5,259</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">92</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">92</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">479,241</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">483,477</TD>
    <TD STYLE="font-weight: bold; text-align: right">479,241</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right">394,082</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">397,794</TD>
    <TD STYLE="text-align: right">394,082</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other government</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">36</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Latin America</TD>
    <TD STYLE="text-align: right">49,946</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">50,375</TD>
    <TD STYLE="text-align: right">49,946</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Abroad</TD>
    <TD STYLE="text-align: right">35,213</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">35,272</TD>
    <TD STYLE="text-align: right">35,213</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">211,103</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">216,005</TD>
    <TD STYLE="font-weight: bold; text-align: right">208,241</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,559</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,512</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,297</TD>
    <TD STYLE="font-weight: bold; text-align: right">350</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Rural product note</TD>
    <TD STYLE="text-align: right">28,896</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">28,670</TD>
    <TD STYLE="text-align: right">28,618</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">287</TD>
    <TD STYLE="text-align: right">262</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">7,214</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,318</TD>
    <TD STYLE="text-align: right">7,214</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">1,172</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,172</TD>
    <TD STYLE="text-align: right">1,172</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Debentures</TD>
    <TD STYLE="text-align: right">110,075</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">110,732</TD>
    <TD STYLE="text-align: right">108,140</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,470</TD>
    <TD STYLE="text-align: right">1,610</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,037</TD>
    <TD STYLE="text-align: right">325</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">8,770</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,035</TD>
    <TD STYLE="text-align: right">8,770</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Financial bills</TD>
    <TD STYLE="text-align: right">19,504</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">19,535</TD>
    <TD STYLE="text-align: right">19,504</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">11,250</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">11,251</TD>
    <TD STYLE="text-align: right">11,250</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">24,222</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">28,292</TD>
    <TD STYLE="text-align: right">23,573</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">802</TD>
    <TD STYLE="text-align: right">640</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">231</TD>
    <TD STYLE="text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">722,835</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">727,142</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">714,622</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,818</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,771</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">2,389</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">442</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="color: #EC7000; font-weight: bold"><FONT STYLE="font-size: 10pt">Other Financial Assets&nbsp;&nbsp;- Internal
    Classification by Level of Risk</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 17%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 18%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 22%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Internal
    rating</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Assets - At Amortized Cost</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    assets at fair value through profit or loss</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Assets at fair value through other comprehensive income</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interbank deposits and securities purchased under
    agreements to resell</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Securities</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 8pt">Low</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">289,328</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">257,238</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">564,288</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">129,990</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,240,844</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Medium</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,084</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,604</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">49</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">5,737</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">High</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">421</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">111</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">532</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">289,328</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">260,743</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">567,003</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">130,039</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,247,113</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">23.2%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">20.9%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">45.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">10.4%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Internal
    rating</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Assets - At Amortized Cost</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    assets at fair value through profit or loss</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Financial
    Assets at fair value through other comprehensive income</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Interbank deposits
    and securities purchased under agreements to resell</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">Securities</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 8pt">Low</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">281,371</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">208,605</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">461,153</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">126,673</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,077,802</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Medium</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,816</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,104</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">75</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">5,995</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">High</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">605</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">50</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">655</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">281,371</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">213,026</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">463,307</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">126,748</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,084,452</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">25.9%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">19.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">42.7%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">11.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>



<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets at fair value through profit
or loss includes Derivatives in the amount of&nbsp;R$ 55,251&nbsp;(R$ 78,208 at 12/31/2022).</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #EC7000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">I.IV.III - Collateral for
    loan and lease operations</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 41%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Over-collateralized&nbsp;&nbsp;assets</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Under-collateralized
    assets</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Over-collateralized
    assets</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Under-collateralized
    assets</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Carrying&nbsp;&nbsp;value
    of the assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Fair
    value of collateral</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Carrying&nbsp;&nbsp;&nbsp;&nbsp;value
    of the assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Fair
    value of collateral</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Carrying&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;value
    of the assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Fair
    value of collateral</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Carrying&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;value
    of the assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">Fair
    value of collateral</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Individuals</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">154,321</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">398,935</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">3,601</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">3,173</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">141,896</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">336,597</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">3,085</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">2,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Personal
    <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,359</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">16,157</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,881</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,760</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">2,971</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">11,106</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,469</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,394</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Vehicles
    <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">31,230</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">73,967</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,315</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,240</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">29,613</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">70,901</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,610</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,463</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">Mortgage
    loans <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">118,732</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">308,811</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">405</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">173</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">109,312</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">254,590</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Micro
    / small, medium companies and corporates <SUP>(4)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">167,843</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">596,817</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">45,885</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">43,484</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">173,007</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">614,178</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">41,395</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">36,233</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Foreign
    loans - Latin America <SUP>(4)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">160,734</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">304,597</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">8,340</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">2,508</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">175,517</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">319,085</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">11,817</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">4,441</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">482,898</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,300,349</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">57,826</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">49,165</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">490,420</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,269,860</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">56,297</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">43,535</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt"><FONT STYLE="font-size: 8pt">1) In general requires financial guarantees. <BR>
    2) Vehicles themselves are pledged as collateral, as well as assets leased in lease operations. <BR>
    3) Properties themselves are pledged as collateral.<BR>
    4) Any collateral set forth in the credit policy of ITA&Uacute; UNIBANCO HOLDING (chattel mortgage, surety/joint debtor, mortgage
    and other).</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Of total loan and&nbsp;lease operations,&nbsp;R$
369,866&nbsp;(R$ 362,705 at 12/31/2022) represented unsecured loans.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.IV.IV -&nbsp;Repossessed assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The accounting policy on assets held for
sale is presented in Note&nbsp;2c V.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The goods repossessed intended for sale
comprise, mainly, real estate and their sale includes periodic auctions that are previously disclosed to the market. Total assets repossessed
in the period were&nbsp;R$ 494&nbsp;(R$ 336 from 01/01 to 12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Market risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as the possibility of incurring
financial losses from changes in the market value of positions held by a financial institution, including the risks of transactions subject
to fluctuations in currency rates, interest rates, share prices, price indexes and commodity prices, as set forth by CMN. Price Indexes
are also treated as a risk factor group.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Market risk is controlled by an area independent
from the business areas, which is responsible for the daily activities of (i) risk measurement and assessment, (ii) monitoring of stress
scenarios, limits and alerts, (iii) application, analysis and testing of stress scenarios, (iv) risk reporting to those responsible within
the business areas, in compliance with the governance of&nbsp;ITA&Uacute; UNIBANCO HOLDING, (v) monitoring of actions required to adjust
positions and risk levels to make them realistic, and (vi) providing support for the safe launch of new financial products.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The market risk structure categorizes transactions
as part of either the banking portfolio or the trading portfolio, in accordance with general criteria established by CMN Resolution&nbsp;No.
4,557, of February 23, 2017, and BCB Resolution No. 111, of July&nbsp;6, 2021 and later changes. The trading portfolio consists of all
transactions involving financial instruments and commodities, including derivatives, which are held for trading. The banking portfolio
is basically characterized by transactions for the banking business, and transactions related to the management of the balance sheet of
the institution, where there is no intention of sale and time horizons are medium and long term.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Market risk management is based on the following
metrics:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Value
at risk (VaR): a statistical measure that estimates the expected maximum potential economic loss under normal market conditions, considering
a certain time horizon and confidence level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Losses
in stress scenarios (Stress Test): simulation technique to assess the behavior of assets, liabilities and derivatives of a portfolio when
several risk factors are taken to extreme market situations (based on prospective and historical scenarios).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stop
loss: metrics used to revise positions, should losses accumulated in a fixed period reach a certain level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Concentration:
cumulative exposure of a certain financial instrument or risk factor, calculated at market value (MtM &#8211; Mark to Market).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stressed
VaR: statistical metric derived from the VaR calculation, with the purpose of simulating higher risk in the trading portfolio, taking
returns that can be seen in past scenarios of extreme volatility.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Management of interest rate risk in the
Banking Book (IRRBB) is based on the following metrics:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>&#916;EVE
(Delta Economic Value of Equity): difference between the present value of the sum of repricing flows of instruments subject to IRRBB in
a base scenario and the present value of the sum of repricing flows of these instruments in a scenario of shock in interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>&#916;NII
(Delta Net Interest Income): difference between the result of financial intermediation of instruments subject to IRRBB in a base scenario
and the result of financial intermediation of these instruments in a scenario of shock in interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">In addition, sensitivity and loss control measures are also analyzed.
They include:</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Mismatching
analysis (GAPS): accumulated exposure by risk factor of cash flows expressed at market value, allocated at the maturity dates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Sensitivity
(DV01- Delta Variation):&nbsp;impact on the fair value of cash flows when a 1 basis point change is applied to current interest rates
or on the index rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Sensitivity
to Sundry Risk Factors (Greeks): partial derivatives of an option portfolio in relation to the prices of underlying assets, implied volatilities,
interest rates and time.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In order to operate within the defined limits,&nbsp;ITA&Uacute;
UNIBANCO HOLDING hedges transactions with customers and proprietary positions, including its foreign investments. Derivatives are commonly
used for these hedging activities, which can be either accounting or economic hedges, both governed by the institutional polices of ITA&Uacute;
UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The structure of limits and alerts obeys
the Board of Directors&#8217; guidelines, and it is reviewed and approved on an annual basis. This structure has specific limits aimed
at improving the process of monitoring and understanding risk, and at avoiding concentration. These limits are quantified by assessing
the forecast balance sheet results, the size of stockholders&#8217; equity, market liquidity, complexity and volatility, and&nbsp;ITA&Uacute;
UNIBANCO HOLDING&#8217;s appetite for risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The consumption of market risk limits is
monitored and disclosed daily through exposure and sensitivity maps. The market risk area analyzes and controls the adherence of these
exposures to limits and alerts and reports them in a timely manner to the Treasury desks and other structures foreseen in the governance.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses proprietary
systems to measure the consolidated market risk. The processing of these systems occurs in a high-availability access-controlled environment,
which has data storage and recovery processes and an infrastructure that ensures business continuity in contingency (disaster recovery)
situations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I - VaR - Consolidated ITA&Uacute; UNIBANCO
HOLDING</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">VaR is calculated by Historical Simulation,
i.e. the expected distribution for profits and losses (P&amp;L) of a portfolio over time, which can be estimated from past behavior of
returns of market risk factors for this portfolio. VaR is calculated at a confidence level of 99%, historical period of 4 years (1000
business days) and a holding period of one day. In addition, in a conservative approach, VaR is calculated daily, with and without volatility
weighting, and the final VaR is the more restrictive of the values given by the two methods.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">From 01/01 to 12/31/2023, the average total
VaR in Historical Simulation was&nbsp;R$ 931 or 0.5% of total stockholders&#8217; equity (R$ 678&nbsp;or 0.4% of total stockholders&#8217;
equity from&nbsp;01/01 to 12/31/2022).</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">VaR Total&nbsp;&nbsp;(Historical Simulation) (in millions of reais) <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">12/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Average</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Minimum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Maximum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Var Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Average</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Minimum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Maximum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Var Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: top; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; width: 35%">VaR by Risk Factor Group</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; text-align: left">Interest rates</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,251</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,059</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,585</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,408</FONT></TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,102</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">885</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,751</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,160</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; text-align: left">Currencies</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">29</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">74</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">20</FONT></TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">26</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">55</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">26</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; text-align: left">Shares</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">55</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41</FONT></TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">27</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">65</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">65</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Commodities</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">33</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; border-bottom: black 0.5pt solid; text-align: left">Effect of diversification</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(382)</FONT></TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(527)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total risk</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">931</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">718</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,247</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,094</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">678</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">494</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,172</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">734</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font-size: 9pt">1) VaR by Risk Factor Group considers information from foreign units.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="padding-bottom: 9pt; color: #EC7000; font-weight: bold; text-align: justify"><FONT STYLE="font-size: 10pt">II.I.I - Interest rate risk</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="padding-bottom: 9pt; text-align: justify"><FONT STYLE="font-size: 10pt">The table below shows the accounting position of financial
    assets and liabilities exposed to interest rate risk, distributed by maturity (remaining contractual terms). This table is not used
    directly to manage interest rate risks, it is mostly used to permit the assessment of mismatching between accounts and products associated
    thereto and to identify possible risk concentration.&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center; width: 36%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">0-30
    days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">31-180
    days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">181-365
    days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">1-5
    years</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">Over
    5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;years</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 8pt">0-30 days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 8pt">31-180 days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 8pt">181-365
    days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 8pt">1-5 years</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%"><FONT STYLE="font-size: 8pt">Over 5 years</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Financial assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">600,522</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">345,039</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">243,631</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">795,985</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">294,149</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,279,326</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">604,311</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">374,529</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">208,850</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">633,722</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">274,390</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,095,802</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">At amortized cost</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">506,280</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">307,520</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">174,806</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">428,529</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">163,798</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,580,933</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">464,682</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">314,608</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">167,135</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">391,697</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">166,250</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,504,372</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Compulsory deposits with the Central Bank of Brazil</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">121,146</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">121,146</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">102,600</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">102,600</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Interbank deposits</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">28,178</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,608</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,071</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,121</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">22</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">51,000</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">40,782</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,207</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,683</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,800</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">114</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">59,586</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Securities purchased under agreements to resell</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">207,697</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">30,530</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">81</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">238,308</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">177,458</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">44,221</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">47</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">50</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">221,776</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Securities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,384</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">37,026</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">28,335</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">131,917</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">46,227</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">259,889</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15,933</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18,962</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">26,633</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">107,431</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">42,029</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">210,988</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Loan and lease operations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">132,875</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">234,356</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">136,400</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">289,491</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">117,468</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">910,590</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">127,909</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">243,218</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">132,772</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">281,466</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">124,057</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">909,422</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">At fair value through other comprehensive
    income</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">24,844</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">9,683</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">14,116</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">56,885</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">24,511</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">130,039</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">35,573</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">13,335</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6,609</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">47,705</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">23,526</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">126,748</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">At fair value through profit and
    loss</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">69,398</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">27,836</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">54,709</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">310,571</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">105,840</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">568,354</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">104,056</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">46,586</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">35,106</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">194,320</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">84,614</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">464,682</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Securities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">59,071</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19,439</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">49,087</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">289,490</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">94,665</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">511,752</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">81,484</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">39,344</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">26,454</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">169,113</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">68,704</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">385,099</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Derivatives</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,327</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,357</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,613</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,484</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,470</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">55,251</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">22,572</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,215</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,362</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">24,834</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15,225</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">78,208</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Other Financial Assets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">40</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">597</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">705</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,351</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">27</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">290</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">373</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">685</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Financial liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">698,247</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">175,283</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">148,366</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">686,826</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">110,138</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,818,860</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">651,532</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">177,388</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">142,668</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">585,754</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">112,329</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,669,671</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">At amortized cost</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">690,259</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">169,109</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">140,559</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">666,315</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">99,287</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,765,529</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">643,530</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">160,422</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">125,266</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">563,338</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">99,607</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,592,163</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">347,884</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">78,985</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">53,949</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">467,682</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,852</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">951,352</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">360,548</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">75,395</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">62,860</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">360,225</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,410</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">871,438</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Securities sold under repurchase agreements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">326,025</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,180</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,200</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,250</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18,131</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">362,786</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">264,284</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,698</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">816</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,223</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,419</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">293,440</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Interbank market funds</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15,099</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">83,409</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">77,263</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">142,023</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,851</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">328,645</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,918</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">67,034</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">57,476</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">148,390</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,769</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">294,587</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Institutional market funds</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">805</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,325</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,123</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">40,885</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">67,453</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">119,591</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,379</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,800</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,552</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">36,642</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">72,009</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">129,382</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Premium bonds plans</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">446</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">210</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">24</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,475</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,155</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">401</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">495</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">562</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,858</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,316</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">At fair value through profit and
    loss</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7,988</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">6,174</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7,807</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">20,511</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">10,851</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">53,331</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">8,002</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">16,966</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">17,402</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">22,416</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">12,722</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">77,508</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Derivatives</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,988</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,165</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,798</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,162</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,362</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">52,475</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,002</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,950</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17,164</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">22,278</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,467</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">76,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Structured notes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">275</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">296</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">44</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">64</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left"><FONT STYLE="font-size: 8pt">Other Financial Liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">330</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">214</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">560</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">237</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">120</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">211</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">583</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Difference
    assets / liabilities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(97,725)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">169,756</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">95,265</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">109,159</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">184,011</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">460,466</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(47,221)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">197,142</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">66,181</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">47,987</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">162,635</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">426,724</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Cumulative difference</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(97,725)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">72,031</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">167,296</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">276,455</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">460,466</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(47,221)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">149,921</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">216,102</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">264,089</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">426,724</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Ratio of cumulative difference to total&nbsp;&nbsp;interest-bearing
    assets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4.3)%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.2%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7.3%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12.1%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20.2%</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2.3)%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7.2%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.3%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12.6%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20.4%</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 8pt">1) The difference
    arises from the mismatch between the maturities of all remunerated assets and liabilities, at the respective period-end date, considering
    the contractually agreed terms.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I.II - Currency risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The purpose of ITA&Uacute; UNIBANCO HOLDING's&nbsp;management
of foreign exchange exposure is to mitigate the effects arising from variation&nbsp;in foreign exchange rates, which may present high-volatility
periods.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The currency (or foreign exchange) risk
arises from positions that are sensitive to oscillations in foreign exchange rates. These positions may be originated by financial instruments
that are denominated in a currency other than the functional currency in which the balance sheet is measured or through positions in derivative
instruments (for negotiation or hedge). Sensitivity to currency risk is disclosed in the table VaR Total (Historical Simulation) described
in item II.I &#8211; VaR Consolidated &#8211; ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I.III - Share Price Risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The exposure to share price risk is disclosed
in Note&nbsp;5, related to Financial Assets through Profit or Loss - Securities, and Note&nbsp;8, related to Financial Assets at Fair
Value through Other Comprehensive Income - Securities.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Liquidity risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as the possibility that the institution
may be unable to efficiently meet its expected and unexpected obligations, both current and future, including those arising from guarantees
issued, without affecting its daily operations and without incurring significant losses.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Liquidity risk is controlled by an area
independent from the business area and responsible for establishing the reserve composition, estimating the cash flow and exposure to
liquidity risk in different time horizons, and for monitoring the minimum limits to absorb losses in stress scenarios for each country
where ITA&Uacute; UNIBANCO HOLDING&nbsp;operates. All activities are subject to verification by independent validation, internal control
and audit areas.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Liquidity management policies and limits
are based on prospective scenarios and senior management&#8217;s guidelines. These scenarios are reviewed on a periodic basis, by analyzing
the need for cash due to atypical market conditions or strategic decisions by ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;manages
and controls liquidity risk on a daily basis, using procedures approved in superior committees, including the adoption of liquidity minimum
limits, sufficient to absorb possible cash losses in stress scenarios, measured with the use of internal and regulatory methods.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Among the main regulatory liquidity indicators,
the following indicators stand out:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><B>Liquidity Coverage Ratio (LCR):</B>
can be defined as a sufficiency index over a 30-day horizon, measuring the available amount of assets available to honor potential liquid
outflows in a stress scenario.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><B>Net Stable Funding Ratio (NSFR):</B>
can be defined as an analysis of funding available for the financing of long-term assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Both metrics are managed by the liquidity
risk area and they have limits approved by superior committees, as well as governance of action plans in possible liquidity stress scenarios.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally, the following items for monitoring
and supporting decisions are periodically prepared and submitted to senior management:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Different
scenarios projected for changes in liquidity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Contingency
plans for crisis situations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Reports
and charts that describe the risk positions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Assessment
of funding costs and alternative sources of funding.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Monitoring
of changes in funding through a constant control of sources of funding, considering the type of investor, maturities and other factors.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>III.I -&nbsp;Primary sources of funding</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has different
sources of funding, of which a significant portion is from the retail segment. Of total customers&#8217; funds, 72.8% or R$ 1,019,042,
is immediately available to customers. However, the historical behavior of the accumulated balance of the two largest items in this group
&#8211; demand and savings deposits - is relatively consistent with the balances increasing over time and inflows exceeding outflows for
monthly average amounts.&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Funding from customers</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 45%">Deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">817,050</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">951,352</TD>
    <TD STYLE="font-weight: bold; width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">737,633</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">871,438</TD>
    <TD STYLE="font-weight: bold; width: 5%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Demand deposits</TD>
    <TD STYLE="text-align: right">105,634</TD>
    <TD STYLE="text-align: right">105,634</TD>
    <TD STYLE="text-align: right">7.6%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">117,587</TD>
    <TD STYLE="text-align: right">117,587</TD>
    <TD STYLE="text-align: right">9.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Savings deposits</TD>
    <TD STYLE="text-align: right">174,765</TD>
    <TD STYLE="text-align: right">174,765</TD>
    <TD STYLE="text-align: right">12.5%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">179,764</TD>
    <TD STYLE="text-align: right">179,764</TD>
    <TD STYLE="text-align: right">13.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Time deposits <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">527,841</TD>
    <TD STYLE="text-align: right">656,591</TD>
    <TD STYLE="text-align: right">46.9%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">434,450</TD>
    <TD STYLE="text-align: right">564,215</TD>
    <TD STYLE="text-align: right">43.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">8,810</TD>
    <TD STYLE="text-align: right">14,362</TD>
    <TD STYLE="text-align: right">1.0%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,832</TD>
    <TD STYLE="text-align: right">9,872</TD>
    <TD STYLE="text-align: right">0.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Interbank market funds <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">200,886</TD>
    <TD STYLE="text-align: right">328,645</TD>
    <TD STYLE="text-align: right">23.5%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">130,074</TD>
    <TD STYLE="text-align: right">294,587</TD>
    <TD STYLE="text-align: right">22.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Funds from own issue <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="background-color: white">Institutional market funds</TD>
    <TD STYLE="text-align: right">1,106</TD>
    <TD STYLE="text-align: right">119,591</TD>
    <TD STYLE="text-align: right">8.5%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,630</TD>
    <TD STYLE="text-align: right">129,382</TD>
    <TD STYLE="text-align: right">10.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,019,042</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,399,596</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">872,337</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,295,415</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify">1) The settlement date is considered as the closest period in which the client has the possibility of withdrawing funds.<BR>
2) Refers to Deposits received under securities repurchase agreements with securities from own issue.</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>III.II - Control over liquidity</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Under the LCR metric,&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;has High-quality Liquid Assets (HQLA) which totaled an average of&nbsp;R$ 371,763 in the period, mainly made up of sovereign
securities, reserves in central banks and cash. Net cash outflows totaled an average of&nbsp;R$ 193,779 in the period, mainly made up
of retail, wholesale funds, additional requirements, contractual and contingent obligations, offset by cash inflows from loans and other
expected cash inflows.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The average LCR in the period is&nbsp;191.8%&nbsp;(164.4%&nbsp;at&nbsp;12/31/2022)&nbsp;above
the 100% threshold, and therefore the entity comfortably has sufficient stable funds available to support losses under the standardized
stress scenario for LCR.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">From the NSFR perspective,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;has Available Stable Funding (ASF) that totaled&nbsp;R$ 1,246,214 in the period, mainly made up of capital, retail
and wholesale funds. The required stable funding (RSF) totaled&nbsp;R$ 982,376 in the period, mainly made up of loans and financing granted
to wholesale and retail clients, central governments, and operations with central banks.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The NSFR at the period closing is 126.9%&nbsp;(124.9%&nbsp;at&nbsp;12/31/2022),
above the 100% threshold, and therefore the entity comfortably has sufficient stable funds available to support the stable funds required
in the long term, in accordance with the metric.&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="12" STYLE="padding-bottom: 9pt"><FONT STYLE="font-size: 10pt">Liabilities according to their remaining contractual maturities,
    considering their undiscounted flows, are presented below:</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: justify"><FONT STYLE="font-size: 8pt">Undiscounted future
    flows, except for derivatives which are fair value</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 8pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; width: 39%"><FONT STYLE="font-size: 8pt">Financial
    liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">0
    &ndash; 30</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">31
    &ndash; 365</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">366
    &ndash; 720</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">Over
    720 days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%"><FONT STYLE="font-size: 8pt">Total</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%"><FONT STYLE="font-size: 8pt">0
    &ndash; 30</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%"><FONT STYLE="font-size: 8pt">31
    &ndash; 365</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%"><FONT STYLE="font-size: 8pt">366
    &ndash; 720</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%"><FONT STYLE="font-size: 8pt">Over
    720 days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%"><FONT STYLE="font-size: 8pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">817,054</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">83,175</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">29,089</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">25,015</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">954,333</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">737,637</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">92,481</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">28,768</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">21,264</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">880,150</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Demand deposits</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">105,634</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">105,634</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">117,587</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">117,587</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Savings deposits</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">174,765</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">174,765</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">179,764</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">179,764</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Time deposit</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">527,841</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">82,376</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">24,238</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">25,012</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">659,467</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">434,450</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">91,308</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">25,870</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">21,191</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">572,819</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Interbank deposits</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">900</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">799</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,851</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6,553</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">858</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,173</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">2,898</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">73</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">5,002</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Other deposits</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">7,914</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">7,914</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,978</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,978</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Compulsory deposits</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(127,312)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(11,322)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(3,332)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(3,438)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(145,404)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(97,709)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(11,904)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(3,373)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(2,762)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">(115,748)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Demand deposits</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(24,258)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(24,258)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(13,148)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(13,148)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Savings deposits</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(30,505)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(30,505)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(27,923)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(27,923)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Time deposit</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(72,549)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(11,322)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(3,332)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(3,438)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(90,641)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(56,638)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(11,904)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(3,373)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(2,762)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">(74,677)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Securities sold under repurchase agreements</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">352,654</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">4,909</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">4,217</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">65,524</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">427,304</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">264,451</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">6,603</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">7,841</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">29,287</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">308,182</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Government securities</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">282,119</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,504</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,029</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">64,160</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">354,812</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">196,672</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6,444</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">7,808</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">29,176</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">240,100</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Corporate securities</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">31,059</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">401</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">188</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,364</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">33,012</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">22,642</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">10</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">22,653</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-size: 8pt">Foreign</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">39,476</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">39,480</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">45,137</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">158</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">33</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">101</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">45,429</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">Interbank market funds</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">200,886</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">65,124</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">33,361</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">43,284</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">342,655</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">94,313</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">101,047</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">44,547</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">70,900</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">310,807</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">Institutional market funds</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,106</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">12,227</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">48,240</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">81,110</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">142,683</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">4,645</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">5,367</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">42,162</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">103,421</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">155,595</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Derivative financial instruments - Net position</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">7,988</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">13,963</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">7,553</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">22,971</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">52,475</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">8,002</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">34,114</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">9,056</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">25,689</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">76,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Swaps</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">3,231</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,064</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">6,476</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">21,970</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">35,741</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">2,835</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">5,114</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">7,344</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">23,775</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">39,068</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Options</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">903</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">7,010</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">595</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">464</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">8,972</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">3,221</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">25,087</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">901</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">673</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">29,882</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Forwards</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">2,965</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">16</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">2,982</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">55</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">10</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">65</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-size: 8pt">Other derivatives</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">889</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">2,889</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">481</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">521</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">4,780</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,891</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">3,903</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">811</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">1,241</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 400">7,846</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Other financial liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">3</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">205</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">352</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">560</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">252</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">34</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">297</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">583</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: justify"><FONT STYLE="font-size: 8pt">Total
    financial liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,252,376</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">168,079</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">119,333</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">234,818</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,774,606</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; background-color: white"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,011,339</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">227,960</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">129,035</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">248,096</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">1,616,430</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">Off
    balance commitments</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">12/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Note</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">0
    &ndash; 30</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">31
    &ndash; 365</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">366
    &ndash; 720</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Over
    720&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">0 &ndash; 30</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">31 &ndash; 365</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">366 &ndash; 720</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Over 720&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;days</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 37%"><FONT STYLE="font-size: 7pt">Financial guarantees</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">2,875</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">32,938</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">14,264</FONT></TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">52,545</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">102,622</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">2,987</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">31,548</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">12,731</FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">44,513</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">91,779</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 7pt">Loan commitments</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">176,017</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">51,101</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">10,313</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">192,647</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">430,078</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">161,822</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">50,552</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">20,386</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">172,484</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">405,244</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 7pt">Letters of credit to be released</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">20,850</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">20,850</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">47,354</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">47,354</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">Contractual commitments - Fixed and Intangible assets</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">13, 14</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">3</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 400">3</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">3</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">199,742</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">84,042</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">24,577</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">245,192</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">553,553</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">212,163</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">82,100</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">33,117</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">217,000</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; font-style: normal; font-weight: 700">544,380</FONT></TD></TR>
  </TABLE>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Emerging Risks</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as those with a potentially material
impact on the business in the medium and long term, but for which there are not enough elements yet for their complete assessment and
mitigation due to the number of factors and impacts not yet totally known, such as geopolitical and macroeconomic risk and climate change.
Their causes can be originated by external events and result in the emergence of new risks or in the intensification of risks already
monitored by&nbsp;ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The identification and monitoring of Emerging
Risks are ensured by ITA&Uacute; UNIBANCO HOLDING&#8217;s governance, allowing these risks to be incorporated into risk management processes
too.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Social, Environmental
and Climate Risks</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Social, environmental and climate risks&nbsp;are
the possibility of losses due to exposure to social,&nbsp;environmental and/or climatic events related to the activities developed by&nbsp;ITA&Uacute;
UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Social, environmental and climatic factors
are considered relevant to the business of ITA&Uacute; UNIBANCO HOLDING,&nbsp;since they may affect the creation of shared value in the
short, medium and long term.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Policy of Social, Environmental and
Climatic Risks (Risks SAC&nbsp;Policy) establishes the guidelines and underlying principles for social, environmental and climatic risk
management, addressing the most significant risks for the institution&#8217;s operation&nbsp;through specific procedures.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Actions to mitigate the&nbsp;Social, Environmental
and Climatic Risks are taken based on the mapping of processes, risks and controls, monitoring of new standards related to the theme and
recording of occurrence in internal systems. In addition to the identification, the phases of prioritization, response to risk, mitigation,
monitoring and reporting of assessed risks supplement the management of these risks at ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the management of Social, Environmental
and Climatic Risks, business areas manage the risk in its daily activities, following the&nbsp;Risks SAC&nbsp;Policy guidelines and specific
processes, with the support of specialized assessment from dedicated technical teams located in Credit, which serves the Wholesale segment,
Credit Risk and Modeling, and Institutional Legal teams, that act on an integrated way in the management of all dimensions of the&nbsp;Social,
Environmental and Climatic Risks related to the conglomerate&#8217;s activities. As an example of specific guidelines for the management
of these risks, ITA&Uacute; UNIBANCO HOLDING has specific governance for granting and renewing credit in senior approval levels for clients
in certain economic sectors, classified as Sensitive Sectors (Mining, Steel &amp; Metallurgy, Oil &amp; Gas, Textiles Industry and Retail
Clothing, Paper &amp; Pulp, Chemicals &amp; Petrochemicals, Agri - Meatpacking, Agri - Crop Protection and Fertilizers, Wood, Energy,
Rural Producers and Real Estate), for which there is an individualized analysis of Social, Environmental and Climate Risks. The institution&nbsp;also
counts with specific procedures for the Institution&#8217;s operation (stockholders&#8217; equity, branch infrastructure, technology and
suppliers), credit, investments and key controls. SAC Risks area,&nbsp;Internal Controls and Compliance areas, in turn, support and ensure
the governance of the activities of the business and credit areas that serves the business. The&nbsp;Internal Audit acts on an independent
manner, assessing risk management, controls and governance.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Governance also counts on the&nbsp;Social,
Environmental and Climatic Risks Committee, whose main responsibility is to assess and deliberate about institutional and strategic matters,
as well as to resolve on products, operations, and services, among others involving the Social, Environmental and Climatic Risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Climate Risk includes: (i) physical risks,
arising from changes in weather patterns, such as increased rainfall, and temperature and extreme weather events, and (ii) transition
risks, resulting from changes in the economy, as a result of climate actions, such as carbon pricing, climate regulation, market risks
and reputational risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Considering its relevance, climate risk
has become one of the main priorities for&nbsp;ITA&Uacute; UNIBANCO HOLDING, which supports the Task Force on Climate-related Financial
Disclosures (TCFD) and it is committed to maintaining a process of evolution and continuous improvement within the pillars recommended
by the TCFD. With this purpose,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;is strengthening the governance and strategy related to Climate
Risk and developing tools and methodologies to assess and manage these risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;measures
the sensitivity of the credit portfolio to climate risks by applying the Climate Risk Sensitivity Assessment Tool, developed by Febraban.
The tool combines relevance and proportionality criteria to identify the sectors and clients within the portfolio that are more sensitive
to climate risks, considering physical and transition risks.&nbsp;The sectors with the highest probability of suffering financial impacts</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">from climate change, following the&nbsp;TCFD
guidelines, are: energy, transport, materials and construction, agriculture, food and forestry products.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Capital Management
Governance</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;is subject
to the regulations of BACEN, which determines minimum capital requirements, procedures to obtain information to assess the global systemic
importance of banks, fixed asset limits, loan limits and accounting practices, and requires banks to conform to the regulations based
on the Basel Accord for capital adequacy. Additionally, CNSP and SUSEP issue regulations on capital requirements that affect our insurance
operations and private pension and premium bonds plans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The capital statements were prepared in
accordance with BACEN&#8217;s regulatory requirements and with internationally accepted minimum requirements according to the Bank for
International Settlements (BIS).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Composition and Capital
Adequacy</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Board of Directors is the body responsible
for approving the institutional capital management policy and guidelines for the capitalization level of&nbsp;ITA&Uacute; UNIBANCO HOLDING.
The Board is also responsible for the full approval of the ICAAP (Internal Capital Adequacy Assessment Process) report, the purpose of
which is to assess the capital adequacy of&nbsp;ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The result of the last ICAAP, which comprises
stress tests &#8211; which was dated December 2022 &#8211; indicated that ITA&Uacute; UNIBANCO HOLDING&nbsp;has, in addition to capital
to cover all material risks, a significant capital surplus, thus assuring the solidity of the institution&#8217;s equity position.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In order to ensure that&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;is sound and has the capital needed to support business growth, the institution maintains PR levels above the minimum
level required to face risks, as demonstrated by the Common Equity Tier I,&nbsp;Tier I Capital and Total Capital ratios.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 80%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 10%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 10%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Available capital (amounts)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Common Equity Tier 1 (CET 1)</TD>
    <TD STYLE="text-align: right">166,389</TD>
    <TD STYLE="text-align: right">147,781</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Tier 1</TD>
    <TD STYLE="text-align: right">185,141</TD>
    <TD STYLE="text-align: right">166,868</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Total capital (PR)</TD>
    <TD STYLE="text-align: right">206,862</TD>
    <TD STYLE="text-align: right">185,415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Risk-weighted assets (amounts)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Total risk-weighted assets (RWA)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,215,019</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,238,582</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Risk-based capital ratios as a percentage of RWA</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Common Equity Tier 1 ratio (%)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">13.7%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">11.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Tier 1 ratio (%)</TD>
    <TD STYLE="text-align: right">15.2%</TD>
    <TD STYLE="text-align: right">13.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Total capital ratio (%)</TD>
    <TD STYLE="text-align: right">17.0%</TD>
    <TD STYLE="text-align: right">15.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Additional CET1 buffer requirements as a percentage of RWA</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Capital conservation buffer requirement (%)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">2.50%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">2.50%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Countercyclical buffer requirement (%)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Bank G-SIB and/or D-SIB additional requirements (%)</TD>
    <TD STYLE="text-align: right">1.0%</TD>
    <TD STYLE="text-align: right">1.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">Total of bank CET1 specific buffer requirements (%)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.50%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.50%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At&nbsp;12/31/2023,&nbsp;the amount of perpetual
subordinated debt that makes up Tier I capital is&nbsp;R$ 18,028&nbsp;(R$ 18,336&nbsp;at&nbsp;12/31/2022) and the amount of perpetual
subordinated debt that makes up Tier capital II is&nbsp;R$ 21,208&nbsp;(R$ 18,431&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Basel Ratio reached&nbsp;17.0%&nbsp;at&nbsp;12/31/2023,
an increase of&nbsp;2.0&nbsp;p.p. compared to&nbsp;12/31/2022,&nbsp;due to the result for the period and reduction of Risk-Weighted Assets.
In Risk-Weighted Assets, noteworthy is the reduction in the credit component due to the enactment of BACEN Resolution N&ordm; 229 and
Resolution N&deg; 303 with evolution of internal models.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally,&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;has a surplus over the required minimum Total capital of&nbsp;R$ 109,660 (R$ 86,328 at 12/31/2022), well above the Capital
Buffer requirement of R$ 42,526&nbsp;(R$ 43,350&nbsp;at 12/31/2022),&nbsp;widely covered by available capital.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fixed assets ratio indicates the commitment
percentage of adjusted Total capital with adjusted permanent assets. ITA&Uacute; UNIBANCO HOLDING falls within the maximum limit of 50%
of adjusted Total capital, established by BACEN. At 12/31/2023, fixed assets ratio reached&nbsp;21.5%&nbsp;(19.9%&nbsp;at&nbsp;12/31/2022),
showing a surplus of&nbsp;R$ 58,879&nbsp;(R$ 55,748&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Risk-Weighted Assets
(RWA)</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For calculating minimum capital requirements,
RWA must be obtained by taking the sum of the following risk exposures:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>CPAD</SUB>
= portion related to exposures to credit risk, calculated using standardized approach.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>CIRB</SUB>
= portion related to exposures to credit risk, calculated according to internal credit risk rating systems&nbsp;(IRB - Internal Ratings-Based
approaches), authorized by the Central Bank of Brazil.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>MPAD</SUB>
= portion related to the market risk capital requirement, calculated using standardized approach.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>MINT</SUB>
= portion related to the market risk capital requirement, calculated according to internal model approaches, authorized by the Central
Bank of Brazil.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>OPAD</SUB>
= portion related to the operational risk capital requirement, calculated using standardized approach.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">RWA</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; width: 76%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2022 (1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Credit risk (excluding counterparty credit risk)</TD>
    <TD STYLE="font-weight: bold; text-align: right">976,915</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,016,137</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Of which: standardised approach for credit risk</TD>
    <TD STYLE="text-align: right; background-color: white">924,518</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,016,137</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Of which: foundation internal rating-based approach (F-IRB)</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Of which: advanced internal rating-based approach (A-IRB)</TD>
    <TD STYLE="text-align: right; background-color: white">52,397</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Counterparty credit risk (CCR)</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">30,804</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">40,222</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Of which: standardized approach for counterparty credit risk (SA-CCR)</TD>
    <TD STYLE="text-align: right; background-color: white">22,259</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">25,361</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Of which: other CCR</TD>
    <TD STYLE="text-align: right; background-color: white">8,545</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Equity investments in funds - look-through approach</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">5,871</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,002</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Equity investments in funds - mandate-based approach</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">104</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Equity investments in funds - fall-back approach</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">1,543</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,461</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Securitisation exposures in banking book</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">4,141</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,408</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Market Risk</TD>
    <TD STYLE="text-align: right; background-color: white">43,179</TD>
    <TD STYLE="text-align: right; background-color: white">30,935</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Of which: standardized approach (RWA<SUB>MPAD</SUB>)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">52,299</TD>
    <TD STYLE="text-align: right; background-color: white">36,745</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Of which: internal models approach (RWA<SUB>MINT</SUB>)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">18,871</TD>
    <TD STYLE="text-align: right; background-color: white">23,097</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Operational Risk</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">103,094</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">96,590</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Payment Services risk (RWA<SUB>SP</SUB>)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">NA</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">NA</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left">Amounts below the thresholds for deduction</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">49,472</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">40,723</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: justify">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,215,019</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,238,582</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 9pt; text-align: justify">1) For comparative purposes, the allocation of the value of the historical RWAcva portion was adapted according to BACEN Regulatory Instruction No. 385/23.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt; color: Red"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Recovery Plan</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In response to the latest international
crises, the Central Bank published Resolution No. 4,502, which requires the development of a Recovery Plan by financial institutions within
Segment 1, with total exposure to GDP of more than 10%. This plan aims to reestablish adequate levels of capital and liquidity above regulatory
operating limits in the face of severe systemic or idiosyncratic stress shocks. In this way, each institution could preserve its financial
viability while also minimizing the impact on the National Financial System.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Stress testing</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The stress test is a process of simulating
extreme economic and market conditions on ITA&Uacute; UNIBANCO HOLDING&#8217;s results, liquidity and capital. The institution has been
carrying out this test in order to assess its solvency in plausible scenarios of crisis, as well as to identify areas that are more susceptible
to the impact of stress that may be the subject of risk mitigation.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For the purposes of the test, the economic
research area estimates macroeconomic variables for each stress scenario. The elaboration of stress scenarios considers the qualitative
analysis of the Brazilian and the global conjuncture, historical and hypothetical elements, short and long term risks, among other aspects,
as defined in CMN Resolution 4,557.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In this process, the main potential risks
to the economy are assessed based on the judgment of the bank's team of economists, endorsed by the Chief Economist of&nbsp;ITA&Uacute;
UNIBANCO HOLDING and approved by the Board of Directors. Projections for the macroeconomic variables (such as GDP, basic interest rate,
exchange rates and inflation) and for variables in the credit market (such as raisings, lending, rates of default, margins and charges)
used are based on exogenous shocks or through use of models validated by an independent area.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Then, the stress scenarios adopted are used
to influence the budgeted result and balance sheet. In addition to the scenario analysis methodology, sensitivity analysis and the Reverse
Stress Test are also used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses the
simulations to manage its portfolio risks, considering Brazil (segregated into wholesale and retail) and External Units, from which the
risk-weighted assets and the capital and liquidity ratios are derived.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The stress test is also an integral part
of the ICAAP, the main purpose of which is to assess whether, even in severely adverse situations, the institution would have adequate
levels of capital and liquidity, without any impact on the development of its activities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">This information enables potential offenders
to the business to be identified and provides support for the strategic decisions of the Board of Directors, the budgeting and risk management
process, as well as serving as an input for the institution&#8217;s risk appetite metrics.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Leverage Ratio</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Leverage Ratio is defined as the ratio
between Tier I Capital and Total Exposure, calculated according to BACEN Circular 3,748, which minimum requirement is of 3%. The ratio
is intended to be a simple measure of non-risk-sensitive leverage, and so it does not take into account risk weights or risk mitigation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Management risks of
insurance contracts and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Management structure,
roles and responsibilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has specific
committees, whose assignment is to define and establish guidelines for the management of funds from insurance contracts and private pension,
with the objective of long-term profitability, and to establish assessment models, risk limits and resource allocation strategies in defined
financial assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Underwriting risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In addition to the risks inherent in financial
instruments related to insurance&nbsp;contracts and private pension, operations carried out at&nbsp;ITA&Uacute; UNIBANCO HOLDING cause
exposure to underwriting risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Underwriting risk is the risk of significant
deviations in the methodologies and/or assumptions used for pricing products that may adversely affect ITA&Uacute; UNIBANCO HOLDING, which
may be consummated in different ways, depending on the product offered:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">(i) Insurance: results from the change
in risk behavior in relation to the increase in the frequency and/or severity of claims incurred, contrary to pricing estimates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">(ii) Private Pension: is observed
in the increase in life expectancy or deviation from the assumptions adopted in the estimates of future cash flows.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The measurement of exposure to underwriting
risk is based on the analysis of the actuarial assumptions adopted in the recognition of liabilities and pricing of products through i)
monitoring the evolution of equity required to mitigate the risk of insolvency or liquidity; ii) follow-up of portfolios, products, and
coverage, from the perspective of results, adherence to expected rates and expected behavior of loss ratio.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Exposure to underwriting risk is managed
and monitored in accordance with risk appetite levels approved by Management and is controlled using indicators that allow the creation
of stress scenarios and simulations of the portfolio.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II.I Risk Concentrations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For&nbsp;ITA&Uacute; UNIBANCO HOLDING there
is no concentration of products in relation to insurance premiums, thus reducing the risk of concentration in products and distribution
channels. ITA&Uacute; UNIBANCO HOLDING's insurance and private pension operations are mainly related to death and survivorship coverage.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR>
    <TD COLSPAN="6" STYLE="padding-bottom: 9pt; color: #EC7000; font-weight: bold; vertical-align: top; text-align: justify; background-color: white">II.II - Sensitivity analysis</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="6" STYLE="padding-bottom: 9pt; text-align: justify">The sensitivity analysis considers a vision impacts caused by changes in assumptions, which could affect the income and stockholders&rsquo; equity at the report date. This type of analysis is usually conducted under the ceteris paribus condition, in which the sensitivity of a system is measured when one variable of interest is changed and all the others remain unchanged. The results obtained are shown in the table below:</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Assumptions</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Impact in Income</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Impact in Stockholders&rsquo; Equity</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Insurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Insurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Private pension</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 41%">Discount rate</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 15%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 15%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 15%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center">0.5 p.p. increase</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">612</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center">0.5 p.p. decrease</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(57)</TD>
    <TD STYLE="text-align: right">(673)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Biometric tables</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center">5% increase</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center">5% decrease</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(54)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Claims</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center">5% increase</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">5% decrease</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">30</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD></TR>
  </TABLE>


<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 12pt 0pt 8pt; text-align: justify; color: #EC7000"><B>III - Liquidity risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Liquidity risk management for insurance
and private pension operations is performed on an ongoing basis, based on monitoring the flow of payments related to its liabilities,
the flow of receipts generated by operations and the portfolio of financial assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are managed with the purpose
of optimizing the relationship between risk and return on investments, considering the characteristics of their liabilities. Accordingly,
investments are concentrated in government and corporate securities with good credit quality in active and liquid markets, keeping a considerable
amount invested in short-term assets, with immediate liquidity, to meet regular and contingent liquidity needs. In addition,&nbsp;ITA&Uacute;
UNIBANCO HOLDING constantly monitors the solvency conditions of its operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Below is a maturity analysis of estimated
undiscounted future cash flows from insurance contracts and private pension, considering assumptions of inflows, outflows and discount
rates (Note&nbsp;27c):</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Period</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Insurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Insurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 21%">1 year</TD>
    <TD STYLE="text-align: right; width: 13%">(806)</TD>
    <TD STYLE="text-align: right; width: 13%">15,247</TD>
    <TD STYLE="text-align: right; width: 13%">14,441</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">(660)</TD>
    <TD STYLE="text-align: right; width: 13%">16,603</TD>
    <TD STYLE="text-align: right; width: 13%">15,943</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>2 years</TD>
    <TD STYLE="text-align: right">(310)</TD>
    <TD STYLE="text-align: right">19,187</TD>
    <TD STYLE="text-align: right">18,877</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(232)</TD>
    <TD STYLE="text-align: right">18,773</TD>
    <TD STYLE="text-align: right">18,541</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>3 years</TD>
    <TD STYLE="text-align: right">(220)</TD>
    <TD STYLE="text-align: right">18,409</TD>
    <TD STYLE="text-align: right">18,189</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(186)</TD>
    <TD STYLE="text-align: right">17,835</TD>
    <TD STYLE="text-align: right">17,649</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>4 years</TD>
    <TD STYLE="text-align: right">(109)</TD>
    <TD STYLE="text-align: right">17,850</TD>
    <TD STYLE="text-align: right">17,741</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(120)</TD>
    <TD STYLE="text-align: right">17,113</TD>
    <TD STYLE="text-align: right">16,993</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>5 years</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">17,354</TD>
    <TD STYLE="text-align: right">17,359</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50)</TD>
    <TD STYLE="text-align: right">16,498</TD>
    <TD STYLE="text-align: right">16,448</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Over 5 years</TD>
    <TD STYLE="text-align: right">1,963</TD>
    <TD STYLE="text-align: right">425,166</TD>
    <TD STYLE="text-align: right">427,129</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,891</TD>
    <TD STYLE="text-align: right">378,341</TD>
    <TD STYLE="text-align: right">380,232</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">523</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">513,213</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">513,736</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">643</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">465,163</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">465,806</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify">1) Refers to (inflows) and outflows of cash flows related to insurance contracts and private pension.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 12pt 0pt 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;holds&nbsp;R$
261,530 (R$ 224,140&nbsp;at&nbsp;12/31/2022) referring to amounts that are payable or demand, which represent contributions made by insured
parties that can be redeemed at any time. All these amounts refer to contracts issued that are liabilities, and no group of contracts
was in asset position in the period.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Credit risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The credit risk arising from insurance contract
premiums is not material, as cases with unpaid coverage are canceled after 90 days.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Reinsurance operations are controlled through
an internal policy, observing the regulator's guidelines regarding the reinsurers with which&nbsp;ITA&Uacute; UNIBANCO HOLDING operates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Taking out reinsurance is subject to an
assessment of the reinsurer's credit risk and the operational limits for its consummation, and monitoring is carried out during the effectiveness
to identify signs of deterioration that lead to changes in the analyzes conducted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #003399"></P>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #003399"><B>&nbsp;</B></P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
