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Risk and Capital Management (Tables)
 12 Months Ended
Dec. 31, 2024
Risk And Capital Management  
Schedule of financial assets at amortized cost and at fair value
                   
12/31/2024   12/31/2023
Financial    Assets (1) Expected    Loss Reduction/(Increase) of Expected Loss   Financial    Assets (1) Expected    Loss Reduction/(Increase) of Expected Loss
Pessimistic scenario Base scenario Optimistic scenario   Pessimistic scenario Base scenario Optimistic scenario
1,464,464 (52,936) (2,183) 538 1,347   1,302,826 (51,884) (2,298) 422 1,090
1)   Composed of Loan operations, lease operations and securities.
Schedule of maximum exposure of financial assets to credit risk
             
  12/31/2024   12/31/2023
  Brazil Abroad Total   Brazil Abroad Total
Financial assets 1,929,282 583,321 2,512,603   1,772,360 466,854 2,239,214
At Amortized Cost 1,340,099 412,007 1,752,106   1,206,141 334,680 1,540,821
Interbank deposits 26,709 40,222 66,931   22,248 28,759 51,007
Securities purchased under agreements to resell 238,593 4,627 243,220   235,656 2,665 238,321
Securities 302,599 24,908 327,507   227,232 33,511 260,743
Loan and lease operations 708,917 316,576 1,025,493   658,471 252,119 910,590
Other financial assets 103,711 33,002 136,713   102,555 25,144 127,699
(-) Provision for expected loss (40,430) (7,328) (47,758)   (40,021) (7,518) (47,539)
At Fair Value through Other Comprehensive Income 31,268 75,035 106,303   53,130 76,909 130,039
Securities 31,268 75,035 106,303   53,130 76,909 130,039
At Fair Value through Profit or Loss 557,915 96,279 654,194   513,089 55,265 568,354
Securities 533,887 26,256 560,143   497,042 14,710 511,752
Derivatives 22,416 70,023 92,439   14,696 40,555 55,251
Other financial assets 1,612 - 1,612   1,351 - 1,351
Financial liabilities - Provision for expected loss 4,298 630 4,928   3,706 492 4,198
Loan commitments 3,648 292 3,940   3,062 249 3,311
Financial guarantees 650 338 988   644 243 887
Off-balance sheet 609,945 86,714 696,659   485,517 68,033 553,550
Financial guarantees 95,890 28,025 123,915   83,413 19,209 102,622
Letters of credit to be released 72,930 - 72,930   20,850 - 20,850
Loan commitments 441,125 58,689 499,814   381,254 48,824 430,078
Mortgage loans 21,136 - 21,136   16,368 - 16,368
Overdraft accounts 187,426 - 187,426   171,725 - 171,725
Credit cards 228,347 4,703 233,050   189,141 3,297 192,438
Other pre-approved limits 4,216 53,986 58,202   4,020 45,527 49,547
Total 2,534,929 669,405 3,204,334   2,254,171 534,395 2,788,566
Schedule of loan and lease operations
       
  12/31/2024 % 12/31/2023 %
Industry and commerce 222,945 21.7% 186,198 20.4%
Services 207,437 20.2% 182,795 20.1%
Other sectors 45,930 4.5% 38,078 4.2%
Individuals 549,181 53.6% 503,519 55.3%
Total 1,025,493 100.0% 910,590 100.0%
Schedule of other financial assets
       
  12/31/2024 % 12/31/2023 %
Public sector 871,579 62.4% 831,963 66.7%
Services 196,419 14.1% 150,100 12.0%
Other sectors 181,722 13.0% 145,163 11.7%
Financial 146,823 10.5% 119,887 9.6%
Total 1,396,543 100.0% 1,247,113 100.0%
1)   Includes Financial Assets at Fair Value through Profit or 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.
Schedule of breakdown of indicators of credit quality
                                     
    12/31/2024
    Stage 1   Stage 2   Stage 3   Total Consolidated of 3 Stages
    Loan operations Loan commitments Financial guarantees Total   Loan operations Loan commitments Financial guarantees Total   Loan operations Loan commitments Financial guarantees Total   Loan operations Loan commitments Financial guarantees Total
Individuals 347,749 290,397 816 638,962   66,468 11,946 2 78,416   31,357 48 - 31,405   445,574 302,391 818 748,783
Corporate 157,973 36,191 81,401 275,565   1,015 60 800 1,875   1,852 165 2,870 4,887   160,840 36,416 85,071 282,327
Micro/small and medium companies 171,866 106,004 13,163 291,033   12,222 1,195 159 13,576   10,104 82 175 10,361   194,192 107,281 13,497 314,970
Foreign loans - Latin America 199,065 50,716 23,965 273,746   14,004 2,862 534 17,400   11,818 148 30 11,996   224,887 53,726 24,529 303,142
Total 876,653 483,308 119,345 1,479,306   93,709 16,063 1,495 111,267   55,131 443 3,075 58,649   1,025,493 499,814 123,915 1,649,222
% 59.3% 32.7% 8.0% 100.0%   84.2% 14.4% 1.4% 100.0%   94.0% 0.8% 5.2% 100.0%   62.2% 30.3% 7.5% 100.0%
                                         
    12/31/2023
    Stage 1   Stage 2   Stage 3   Total Consolidated of 3 Stages
    Loan operations Loan commitments Financial guarantees Total   Loan operations Loan commitments Financial guarantees Total   Loan operations Loan commitments Financial guarantees Total   Loan operations Loan commitments Financial guarantees Total
Individuals 317,335 246,809 550 564,694   63,579 10,972 2 74,553   35,702 147 - 35,849   416,616 257,928 552 675,096
Corporate 130,916 30,053 70,585 231,554   956 461 146 1,563   4,589 35 2,666 7,290   136,461 30,549 73,397 240,407
Micro/small and medium companies 145,422 95,886 11,053 252,361   13,087 1,216 110 14,413   10,601 90 201 10,892   169,110 97,192 11,364 277,666
Foreign loans - Latin America 166,981 42,206 16,325 225,512   12,077 2,091 958 15,126   9,345 112 26 9,483   188,403 44,409 17,309 250,121
Total 760,654 414,954 98,513 1,274,121   89,699 14,740 1,216 105,655   60,237 384 2,893 63,514   910,590 430,078 102,622 1,443,290
% 59.7% 32.6% 7.7% 100.0%   84.9% 14.0% 1.1% 100.0%   94.8% 0.6% 4.6% 100.0%   63.1% 29.8% 7.1% 100.0%
Schedule of internal rating
                 
Internal rating 12/31/2024   12/31/2023
Stage 1 Stage 2 Stage 3 Total loan operations   Stage 1 Stage 2 Stage 3 Total loan operations
Low 817,782 68,406 - 886,188   702,746 65,971 - 768,717
Medium 58,817 14,214 - 73,031   57,893 12,087 - 69,980
High 54 11,089 - 11,143   15 11,641 - 11,656
Credit-impaired - - 55,131 55,131   - - 60,237 60,237
Total 876,653 93,709 55,131 1,025,493   760,654 89,699 60,237 910,590
% 85.5% 9.1% 5.4% 100.0%   83.5% 9.9% 6.6% 100.0%
Schedule of maximum exposure of other financial assets by type and classification of credit risk
                   
  12/31/2024
  Fair value   Stage 1   Stage 2   Stage 3
  Cost Fair value   Cost Fair value   Cost Fair value
Investment funds 37,103   3,891 3,501   33,707 33,558   44 44
Government securities 625,393   634,227 625,393   - -   - -
Brazilian government 537,924   546,673 537,924   - -   - -
Other government -   36 -   - -   - -
Latin America 47,847   47,830 47,847   - -   - -
Abroad 39,622   39,688 39,622   - -   - -
Corporate securities 327,802   325,789 319,114   4,247 3,686   9,219 5,002
Rural product note 61,009   60,013 59,842   880 797   564 370
Real estate receivables certificates 7,529   6,970 6,867   530 521   141 141
Bank deposit certificate 583   582 583   - -   - -
Debentures 162,883   161,571 157,825   941 757   8,084 4,301
Eurobonds and other 7,896   7,932 7,754   144 142   - -
Financial bills 33,336   33,324 33,335   1 1   - -
Promissory and commercial notes 17,496   17,350 17,333   176 163   - -
Other 37,070   38,047 35,575   1,575 1,305   430 190
Total 990,298   963,907 948,008   37,954 37,244   9,263 5,046
  12/31/2023
  Fair value   Stage 1   Stage 2   Stage 3
  Cost Fair value   Cost Fair value   Cost Fair value
Investment funds 26,570   21,030 20,559   5,971 5,971   40 40
Government securities 610,756   610,088 610,756   - -   - -
Brazilian government 520,964   520,375 520,964   - -   - -
Other government -   36 -   - -   - -
Latin America 54,612   54,443 54,612   - -   - -
Abroad 35,180   35,234 35,180   - -   - -
Corporate securities 264,354   262,020 258,662   6,433 5,135   1,433 557
Rural product note 42,159   41,685 41,646   322 310   331 203
Real estate receivables certificates 7,562   7,631 7,562   - -   - -
Bank deposit certificate 191   181 181   10 10   - -
Debentures 135,134   132,727 131,279   4,693 3,530   842 325
Eurobonds and other 7,037   6,858 6,859   175 171   24 7
Financial bills 24,125   24,114 24,114   13 11   - -
Promissory and commercial notes 12,832   12,503 12,472   361 360   - -
Other 35,314   36,321 34,549   859 743   236 22
Total 901,680   893,138 889,977   12,404 11,106   1,473 597
Schedule of financial assets individually evaluated classified by rating
         
12/31/2024
Internal rating Financial assets - At amortized cost Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Total
Interbank deposits and securities purchased under agreements to resell Securities
Low 310,151 318,322 630,444 106,267 1,365,184
Medium - 5,133 21,735 18 26,886
High - 4,052 403 18 4,473
Total 310,151 327,507 652,582 106,303 1,396,543
% 22.2% 23.5% 46.7% 7.6% 100.0%
           
           
12/31/2023
Internal rating Financial assets - At amortized cost Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Total
Interbank deposits and securities purchased under agreements to resell Securities
Low 289,328 257,238 564,288 129,990 1,240,844
Medium - 3,084 2,604 49 5,737
High - 421 111 - 532
Total 289,328 260,743 567,003 130,039 1,247,113
% 23.2% 20.9% 45.5% 10.4% 100.0%
Schedule of collateral for loans and financial lease operations
                 
  12/31/2024   12/31/2023
Over-collateralized assets Under-collateralized assets   Over-collateralized assets Under-collateralized assets
Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral   Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral
Individuals 172,391 456,428 3,127 2,736   154,321 398,935 3,601 3,173
Personal (1) 8,128 25,156 1,673 1,556   4,359 16,157 1,881 1,760
Vehicles (2) 31,859 70,772 1,119 1,026   31,230 73,967 1,315 1,240
Mortgage loans (3) 132,404 360,500 335 154   118,732 308,811 405 173
Micro/small, medium companies and corporates (4) 166,845 592,523 63,892 60,395   167,843 596,817 45,885 43,484
Foreign loans - Latin America (4) 188,756 374,316 12,731 4,201   160,734 304,597 8,340 2,508
Total 527,992 1,423,267 79,750 67,332   482,898 1,300,349 57,826 49,165
1)   In general requires financial guarantees.
2)   Vehicles themselves are pledged as collateral, as well as assets leased in lease operations.
3)   Properties themselves are pledged as collateral.
4)   Any collateral set forth in the credit policy of ITAÚ UNIBANCO HOLDING (chattel mortgage, surety/joint debtor, mortgage and other).
Schedule of var total - historical simulation
                 
  VaR Total (Historical Simulation) (in millions of reais) (1)
12/31/2024   12/31/2023
Average Minimum Maximum Var Total   Average Minimum Maximum Var Total
VaR by Risk Factor Group                  
Interest rates 1,179 988 2,120 2,009   1,251 1,059 1,585 1,408
Currencies 36 18 64 50   29 12 74 20
Shares 51 35 86 46   30 14 55 41
Commodities 17 8 41 19   12 2 33 7
Effect of diversification - - - (381)   - - - (382)
Total risk 939 756 1,902 1,743   931 718 1,247 1,094
1)   VaR by Risk Factor Group considers information from foreign units.
Schedule of position of accounts subject to interest rate risk
                         
  12/31/2024   12/31/2023
  0-30 days 31-180 days 181-365 days 1-5 years Over 5     years Total   0-30 days 31-180 days 181-365 days 1-5 years Over 5 years Total
Financial assets 617,119 433,855 245,916 923,202 338,412 2,558,504   600,522 345,039 243,631 795,985 294,149 2,279,326
At amortized cost 533,678 347,519 200,787 507,268 208,755 1,798,007   506,280 307,520 174,806 428,529 163,798 1,580,933
Central Bank of Brazil deposits 138,518 - - - - 138,518   121,146 - - - - 121,146
Interbank deposits 33,082 10,559 9,888 13,382 14 66,925   28,178 5,608 10,071 7,121 22 51,000
Securities purchased under agreements to resell 201,082 41,460 - - 677 243,219   207,697 30,530 - - 81 238,308
Securities 12,910 38,878 36,794 164,332 70,938 323,852   16,384 37,026 28,335 131,917 46,227 259,889
Loan and lease operations 148,086 256,622 154,105 329,554 137,126 1,025,493   132,875 234,356 136,400 289,491 117,468 910,590
At fair value through other comprehensive income 17,377 16,118 6,382 47,809 18,617 106,303   24,844 9,683 14,116 56,885 24,511 130,039
At fair value through profit or loss 66,064 70,218 38,747 368,125 111,040 654,194   69,398 27,836 54,709 310,571 105,840 568,354
Securities 50,816 57,814 24,538 332,313 94,662 560,143   59,071 19,439 49,087 289,490 94,665 511,752
Derivatives 15,232 12,321 13,888 35,285 15,713 92,439   10,327 8,357 5,613 20,484 10,470 55,251
Other financial assets 16 83 321 527 665 1,612   - 40 9 597 705 1,351
Financial liabilities 777,435 217,860 153,291 745,329 152,728 2,046,643   698,247 175,283 148,366 686,826 110,138 1,818,860
At amortized cost 766,631 203,641 137,520 710,423 142,153 1,960,368   690,259 169,109 140,559 666,315 99,287 1,765,529
Deposits 382,252 90,133 53,767 503,422 25,167 1,054,741   347,884 78,985 53,949 467,682 2,852 951,352
Securities sold under repurchase agreements 322,797 21,378 1,458 5,279 37,875 388,787   326,025 1,180 4,200 13,250 18,131 362,786
Interbank market funds 56,173 87,015 74,950 148,059 6,097 372,294   15,099 83,409 77,263 142,023 10,851 328,645
Institutional market funds 5,005 5,057 6,971 50,500 73,014 140,547   805 5,325 5,123 40,885 67,453 119,591
Premium bonds plans 404 58 374 3,163 - 3,999   446 210 24 2,475 - 3,155
At fair value through profit or loss 10,804 14,219 15,771 34,906 10,575 86,275   7,988 6,174 7,807 20,511 10,851 53,331
Derivatives 10,775 14,179 15,626 34,756 10,077 85,413   7,988 6,165 7,798 20,162 10,362 52,475
Structured notes - - - 12 306 318   - - 2 19 275 296
Other financial liabilities 29 40 145 138 192 544   - 9 7 330 214 560
Difference assets / liabilities (1) (160,316) 215,995 92,625 177,873 185,684 511,861   (97,725) 169,756 95,265 109,159 184,011 460,466
Cumulative difference (160,316) 55,679 148,304 326,177 511,861     (97,725) 72,031 167,296 276,455 460,466  
Ratio of cumulative difference to total interest-bearing assets (6.3)% 2.2% 5.8% 12.7% 20.0%     (4.3)% 3.2% 7.3% 12.1% 20.2%  
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.
Schedule of primary source of funding
             
Funding from customers 12/31/2024   12/31/2023
0-30 days Total %   0-30 days Total %
Deposits 894,482 1,054,741     817,050 951,352  
Demand deposits 124,920 124,920 8.0%   105,634 105,634 7.6%
Savings deposits 180,730 180,730 11.5%   174,765 174,765 12.5%
Time deposits (1) 580,855 735,376 46.9%   527,841 656,591 46.9%
Other 7,977 13,715 0.9%   8,810 14,362 1.0%
Interbank market funds (1) 189,700 372,294 23.7%   200,886 328,645 23.5%
Funds from own issue (2) - 2 -   - 8 -
Institutional market funds 5,163 140,547 9.0%   1,106 119,591 8.5%
Total 1,089,345 1,567,584 100.0%   1,019,042 1,399,596 100.0%
1)   The settlement date is considered as the closest period in which the client has the possibility of withdrawing funds.
2)   Refers to Deposits received under securities repurchase agreements with securities from own issue.
Schedule of off balance commitments
                     
Undiscounted future flows, except for derivatives which are fair value 12/31/2024   12/31/2023
Financial liabilities 0 – 30 31 – 365 366 – 720 Over 720 days Total   0 – 30 31 – 365 366 – 720 Over 720 days Total
                       
Deposits 894,493 132,640 14,588 18,118 1,059,839   817,054 83,175 29,089 25,015 954,333
Demand deposits 124,920 - - - 124,920   105,634 - - - 105,634
Savings deposits 180,730 - - - 180,730   174,765 - - - 174,765
Time deposit 580,855 131,189 10,740 17,348 740,132   527,841 82,376 24,238 25,012 659,467
Interbank deposits 1,497 1,451 3,848 770 7,566   900 799 4,851 3 6,553
Other deposits 6,491 - - - 6,491   7,914 - - - 7,914
                       
Central Bank of Brazil deposits (137,510) (19,100) (1,564) (2,524) (160,698)   (127,312) (11,322) (3,332) (3,438) (145,404)
Demand deposits (22,180) - - - (22,180)   (24,258) - - - (24,258)
Savings deposits (30,763) - - - (30,763)   (30,505) - - - (30,505)
Time deposit (84,567) (19,100) (1,564) (2,524) (107,755)   (72,549) (11,322) (3,332) (3,438) (90,641)
                       
Securities sold under repurchase agreements 352,257 23,772 572 77,597 454,198   352,654 4,909 4,217 65,524 427,304
Government securities 274,340 7,511 290 76,463 358,604   282,119 4,504 4,029 64,160 354,812
Corporate securities 27,191 15,642 282 1,134 44,249   31,059 401 188 1,364 33,012
Foreign 50,726 619 - - 51,345   39,476 4 - - 39,480
                       
Interbank market funds 189,700 114,859 33,650 60,238 398,447   200,886 65,124 33,361 43,284 342,655
                       
Institutional market funds 5,163 15,436 54,277 100,802 175,678   1,106 12,227 48,240 81,110 142,683
                       
Derivative financial instruments - Net position 10,775 29,805 12,566 32,267 85,413   7,988 13,963 7,553 22,971 52,475
Swaps 3,187 7,957 10,065 30,185 51,394   3,231 4,064 6,476 21,970 35,741
Options 3,902 14,825 1,065 796 20,588   903 7,010 595 464 8,972
Forwards 1,435 2 - 13 1,450   2,965 - 1 16 2,982
Other derivatives 2,251 7,021 1,436 1,273 11,981   889 2,889 481 521 4,780
                       
Other financial liabilities 29 185 138 192 544   - 3 205 352 560
                       
Total financial liabilities 1,314,907 297,597 114,227 286,690 2,013,421   1,252,376 168,079 119,333 234,818 1,774,606
Schedule of off balance commitments
                       
Off-balance commitments   12/31/2024   12/31/2023
Note 0 – 30 31 – 365 366 – 720 Over 720     days Total   0 – 30 31 – 365 366 – 720 Over 720     days Total
Financial guarantees   3,323 42,924 21,910 55,758 123,915   2,875 32,938 14,264 52,545 102,622
Loan commitments   192,814 53,056 19,647 234,297 499,814   176,017 51,101 10,313 192,647 430,078
Letters of credit to be released   72,930 - - - 72,930   20,850 - - - 20,850
Contractual commitments - Fixed and Intangible assets 13, 14 - - - - -   - 3 - - 3
Total   269,067 95,980 41,557 290,055 696,659   199,742 84,042 24,577 245,192 553,553
Schedule of composition of capital adequcy
   
  12/31/2024 12/31/2023
Available capital (amounts)    
Common Equity Tier 1 (CET 1) 188,265 166,389
Tier 1 206,196 185,141
Total capital (PR) 227,602 206,862
Risk-weighted assets (amounts)    
Total risk-weighted assets (RWA) 1,379,056 1,215,019
Risk-based capital ratios as a percentage of RWA    
Common Equity Tier 1 ratio (%) 13.7% 13.7%
Tier 1 ratio (%) 15.0% 15.2%
Total capital ratio (%) 16.5% 17.0%
Additional CET1 buffer requirements as a percentage of RWA    
Capital conservation buffer requirement (%) 2.5% 2.5%
Countercyclical buffer requirement (%) 0.1% -
Bank G-SIB and/or D-SIB additional requirements (%) 1.0% 1.0%
Total of bank CET1 specific buffer requirements (%) 3.6% 3.5%
Schedule of risk weighted assets
   
  RWA
  12/31/2024 12/31/2023
Credit risk (excluding counterparty credit risk) 1,108,011 976,915
Of which: standardised approach for credit risk 1,038,238 924,518
Of which: foundation internal rating-based approach (F-IRB) - -
Of which: advanced internal rating-based approach (A-IRB) 69,773 52,397
Counterparty credit risk (CCR) 44,837 30,804
Of which: standardized approach for counterparty credit risk (SA-CCR) 35,148 22,259
Of which: other CCR 9,689 8,545
Equity investments in funds - look-through approach 4,667 5,871
Equity investments in funds - mandate-based approach - -
Equity investments in funds - fall-back approach 716 1,543
Securitisation exposures in banking book 9,242 4,141
Market Risk 43,189 43,179
Of which: standardized approach (RWAMPAD) 52,643 52,299
Of which: internal models approach (RWAMINT) 28,471 18,871
Operational Risk 112,827 103,094
Payment Services risk (RWASP) NA NA
Amounts below the thresholds for deduction 55,567 49,472
Total 1,379,056 1,215,019
Schedule sensitivity analysis
         
Assumptions   12/31/2024
  Impact in Income Impact in Stockholders’ Equity
  Insurance Private pension Insurance Private pension
Discount rate          
0.5 p.p. increase   - (28) 49 653
0.5 p.p. decrease   - 24 (53) (722)
Biometric tables          
5% increase   (10) 51 - -
5% decrease   11 (53) - -
Claims          
5% increase   (32) - - -
5% decrease   32 - - -
Schedule maturity analysis of estimated undiscounted future cash flows
             
Period 12/31/2024   12/31/2023
Insurance Private pension Total   Insurance Private pension Total
1 year (817) 9,483 8,666   (806) 15,247 14,441
2 years (333) 13,240 12,907   (310) 19,187 18,877
3 years (240) 14,702 14,462   (220) 18,409 18,189
4 years (126) 15,991 15,865   (109) 17,850 17,741
5 years (4) 17,096 17,092   5 17,354 17,359
Over 5 years 2,108 1,111,776 1,113,884   1,963 425,166 427,129
Total (1) 588 1,182,288 1,182,876   523 513,213 513,736
1)   Refers to (inflows) and outflows of cash flows related to insurance contracts and private pension. Variations observed in private pension plans are due to the increase in future contributions and reduction of exit assumptions that consequently impacted the volume of rescues and deaths.