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Debt instruments
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Debt instruments

 

6.Debt instruments

The breakdown, by classification, type, and currency, of the balances within the “Debt Instruments” line item is as follows:

 

 

   
Thousand of Reais 2025 2024
     
Classification:    
Financial Assets Measured at Fair Value Through Profit or Loss 95,546,026 107,585,055
Financial Assets Measured at Fair Value through Other Comprehensive Income 69,354,220 92,058,907
Financial Assets Measured at Amortized Cost (2) 114,708,615 84,529,222
 Comprising:    
Debt instruments at Amortized Cost 117,910,438 86,598,778
Provision for impairment losses  (note 9.c) (3,201,823) (2,069,556)
Total 279,608,861 284,173,184
     
Type:    
Government securities - Brazil  (1) 182,217,619 190,643,118
Debentures and promissory notes 52,868,779 70,450,135
Other debt securities 44,522,463 23,079,931
Other - -
Total 279,608,861 284,173,184
(1) These primarily refer to National Treasury Bills (LTN), Treasury Financial Bills (LFT), and National Treasury Notes (NTN-A, NTN-B, NTN-C, and NTN-F).

 

(2) In the second quarter of 2025, a portion of ALCO portfolio securities, amounting to R$23,190 million, was reclassified as Financial Assets measured at amortized cost (note 1.c.4), resulting in a reversal of mark-to-market adjustments on the reclassified securities, positively impacting equity by R$514 million net of tax effects (R$934 million gross) at the time. As of December 31, 2025, the amount of these assets represents R$24,480 million, with the mark-to-market effect on equity amounting to a positive R$632 million (gross).

 

The Debt Instruments primarily consist of:

   
Thousand of Reais 2025 2024
     
Currency:    
Brazilian Real 271,543,911 262,560,537
U.S. Dollar 8,029,564 19,541,153
Other currencies 35,386 2,071,494
Total 279,608,861 284,173,184

 

 

 

   
Thousand of Reais 2025 2024
     
Debt Instruments linked to:    
Repurchase Agreements 70,269,484 84,894,642
Operations guarantees in B3 S.A. - Brasil, Bolsa, Balcão (B3 S.A.) 24,483,969 22,083,244
Linked to judicial deposits and other guarantees 19,296,763 12,736,275
Total 114,050,216 119,714,161

 

Note 43-d provides details on the residual maturity periods of financial assets measured at fair value through Other Comprehensive Income and financial assets measured at amortized cost.