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BONDS AND SECURITIES AT AMORTIZED COST (Tables)
 12 Months Ended
Dec. 31, 2024
Bonds And Securities At Amortized Cost  
Schedule of securities at amortized cost
       
  R$ thousands
Amortized cost Gross unrealized gains (2) Gross unrealized losses (2) Fair value
Securities:        
Brazilian government bonds 145,278,232 3,032,908 (8,559,744) 139,751,396
Bank debt securities and corporate debt securities 121,713,735 23,020 (392,053) 121,344,702
Balance on December 31, 2024 266,991,967 3,055,928 (8,951,797) 261,096,098
         
Securities:        
Brazilian government bonds 54,282,125 4,007,277 (4,653,464) 53,635,938
Bank debt securities and corporate debt securities 120,924,952 1,387,469 (580,298) 121,732,123
Balance on December 31, 2023 (1) 175,207,077 5,394,746 (5,233,762) 175,368,061
(1)On January 1, 2023, with the adoption of IFRS 17, Management reclassified Bonds and Securities measured at amortized cost to measured at FVOCI, in the amount of R$36,639,102 thousand. This reclassification was due to alignment of the strategy of assets related to insurance contract liabilities; and
(2)Unrealized gains and losses on assets at amortized cost have not been recognized in comprehensive income.
Schedule of maturity
       
  R$ thousands
On December 31, 2024 On December 31, 2023
Amortized cost Fair value Amortized cost Fair value
Due within one year 60,043,632 59,988,685 26,708,054 26,853,215
From 1 to 5 years 148,260,712 147,475,479 108,111,315 108,612,106
From 5 to 10 years 32,891,366 32,474,161 17,408,132 17,311,782
Over 10 years 25,796,257 21,157,773 22,979,576 22,590,958
Total 266,991,967 261,096,098 175,207,077 175,368,061
Schedule of reconciliation of expected losses of financial assets at amortized cost
       
  R$ thousands
Stage 1 Stage 2 Stage 3 Total (1)
Expected loss of financial assets at amortized cost on December 31, 2022 472,396 130,796 2,437,639 3,040,831
Transferred to Stage 1 -   (21,287) (1,794) (23,081)
Transferred to Stage 2 (2,046) -   -   (2,046)
Transferred to Stage 3 (4,771) (50,511) -   (55,282)
Transfer from Stage 1 -   2,046 4,771 6,817
Transfer from Stage 2 21,287 -   50,511 71,798
Transfer from Stage 3 1,794 -   -   1,794
New assets originated / (Assets settled or paid)/Remeasurement of expected credit loss (117,758) 125,781 2,096,412 2,104,435
Expected loss of financial assets at amortized cost on December 31, 2023 370,902 186,825 4,587,539 5,145,266
Transferred to Stage 1 -   (19,638) (2,113) (21,751)
Transferred to Stage 2 (1,291) -   (390) (1,681)
Transferred to Stage 3 (21,207) (34,942) -   (56,149)
Transfer from Stage 1 -   1,291 21,207 22,498
Transfer from Stage 2 19,638 -   34,942 54,580
Transfer from Stage 3 2,113 390 -   2,503
New assets originated / (Assets settled or paid)/Remeasurement of expected credit loss 333,678 (83,815) 761,871 1,011,734
Expected loss of financial assets at amortized cost on December 31, 2024 703,833 50,111 5,403,056 6,157,000
(1)The expected loss expense is recorded as “Expected Loss on Other Financial Assets” in the Consolidated Statement of Income.