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Debt Instruments Eligible as Capital (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Instruments Eligible As Capital  
Schedule of debt instruments eligible to compose capital
           
Thousand of Reais Issuance Maturity Value (in millions) Interest Rate (p.a.)  2025 2024
Financial Bills - Tier II (2) Nov-21 Nov-31 R$5,300 CDI+2% 9,321,771 7,995,673
Financial Bills - Tier II (2) Dec-21 Dec-31 R$200 CDI+2% 351,467 301,468
Financial Bills - Tier II (2) Oct-23 Oct-33 R$6,000 CDI+1.6% 8,070,433 6,949,991
Financial Bills - Tier I (2) Sep-24 No Term
(Perpetual)		 R$7,600 CDI+1,4% 7,982,784 7,890,652
Financial Bills - Tier I Dec-25 Dec-35 R$2,363 CDI+0,65% 2,387,482 -
Total         28,113,937 23,137,784
(1) Financial Letters issued in November 2021, November 2024 and December 2025 have a redemption and repurchase option.
(2) Financial Letters issued in September 2024 have a redemption and repurchase option, and have interest paid semi-annually, starting on March 5, 2025.
Schedule of changes in debt instruments eligible to compose capital
     
  2025 2024 2023
Balances at the beginning of the fiscal year 23,137,784 19,626,967 19,641,408
Issuance 2,362,800 7,600,200 6,000,000
Interest payment Tier I (1) 1,162,752 786,823 461,186
Interest payment Tier II (1) 2,521,221 1,736,383 1,464,586
Exchange differences / Others - 1,051,377 (614,496)
Payments of interest - Tier I and II (1,070,620) (132,243) (713,974)
Repurchase - (7,531,723) (6,507,953)
Balance at the end of the fiscal year 28,113,937 23,137,784 19,626,967
(1) Interest remuneration related to Tier 1 and Tier 2 Debt Instruments Eligible as Capital was recorded in the period’s results as “Interest and Similar Expenses” (Note 32).