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Expected Credit Losses on Financial Assets and Reconciliation of carrying amount

12 Months Ended

Dec. 31, 2025

Disclosure of fair value measurement of assets [abstract]

Expected Credit Losses on Financial Assets and Reconciliation of carrying amount

13 Expected Credit Losses on Financial Assets and Reconciliation of carrying amount

a)    Reconciliation of carrying amount of Financial Assets

It is presented below the reconciliation of gross carrying amount of financial assets through other comprehensive income and financial assets measured at amortized cost – that have their ECLs (Expected Credit Losses) measured using the three-stage model and the low credit risk simplification.

Stage 1						Balance at December 31, 2024						Acquisition / (Settlements)												Transfer to stage 2						Transfer to stage 3						Transfer from stage 2						Transfer from stage 3						Write-Off						Closing balance December 31, 2025
Financial assets at fair value through other comprehensive income
Securities						53,250,910						(11,027,561)												—						—						—						—						—						42,223,349
Financial assets amortized cost
Securities						2,850,108						4,585,816												(1,103)						(74,197)						—						—						—						7,360,624
Securities purchased under resale agreements						22,059,501						(4,993,837)												—						—						—						—						—						17,065,664
Loans and credit card operations						26,337,288						5,949,078												(1,302,940)						(538,578)						1,603,609						3,171						—						32,051,628
Total on-balance exposures						104,497,807						(5,486,504)												(1,304,043)						(612,775)						1,603,609						3,171						—						98,701,265
Off-balance exposures (credit card limits)						7,473,577						293,552												(518,677)						(12,458)						137,723						3						—						7,373,720
Total exposures						111,971,384						(5,192,952)												(1,822,720)						(625,233)						1,741,332						3,174						—						106,074,985

Stage 2						Balance at December 31, 2024						Acquisition / (Settlements)												Transfer to stage 1						Transfer to stage 3						Transfer from stage 1						Transfer from stage 3						Write-Off						Closing balance December 31, 2025
Financial assets amortized cost
Securities						—						—												—						—						1,103						—						—						1,103
Loans and credit card operations						2,910,045						(585,008)												(1,603,609)						(154,591)						1,302,940						458						—						1,870,235
Total on-balance exposures						2,910,045						(585,008)												(1,603,609)						(154,591)						1,304,043						458						—						1,871,338
Off-balance exposures (credit card limits)						394,416						(144,817)												(137,723)						(941)						518,677						2						—						629,614
Total exposures						3,304,461						(729,825)												(1,741,332)						(155,532)						1,822,720						460						—						2,500,952

Stage 3						Balance at December 31, 2024						Acquisition / (Settlements)												Transfer to stage 1						Transfer to stage 2						Transfer from stage 1						Transfer from stage 2						Write-Off						Closing balance December 31, 2025
Financial assets amortized cost
Securities						—						—												—						—						74,197						—						—						74,197
Securities purchased under resale agreements						—						—												—						—						—						—						—						—
Loans and credit card operations						401,211						(129,631)												(3,171)						(458)						538,578						154,591						(264,955)						696,165
Total on-balance exposures						401,211						(129,631)												(3,171)						(458)						612,775						154,591						(264,955)						770,362
Off-balance exposures (credit card limits)						5,558						(5,769)												(3)						(2)						12,458						941						—						13,183
Total exposures						406,769						(135,400)												(3,174)						(460)						625,233						155,532						(264,955)						783,545

Consolidated Stages						Balance at December 31, 2024												Purchases / (Settlements)												Write-Off						Closing balance December 31, 2025
Financial assets at fair value through other comprehensive income
Securities						53,250,910												(11,027,561)												—						42,223,349
Financial assets amortized cost
Securities						2,850,108												4,585,816												—						7,435,924
Securities purchased under resale agreements						22,059,501												(4,993,837)												—						17,065,664
Loans and credit card operations						29,648,544												5,234,439												(264,955)						34,618,028
Total on-balance exposures						107,809,063												(6,201,143)												(264,955)						101,342,965
Off-balance exposures (credit card limits)						7,873,551												142,966												—						8,016,517
Total exposures						115,682,614												(6,058,177)												(264,955)						109,359,482

Stage 1						Balance at December 31, 2023						Acquisition / (Settlements)						Transfer to stage 2						Transfer to stage 3						Transfer from stage 2						Transfer from stage 3						Write-Off						Closing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities						43,693,837						9,557,073						—						—						—						—						—						53,250,910
Financial assets amortized cost
Securities						6,861,493						(4,011,385)						—						—						—						—						—						2,850,108
Securities purchased under resale agreements						14,891,781						7,167,720						—						—						—						—						—						22,059,501
Loans and credit card operations						26,447,368						1,597,545						(2,108,966)						(309,713)						710,801						253						—						26,337,288
Total on-balance exposures						91,894,479						14,310,953						(2,108,966)						(309,713)						710,801						253						—						104,497,807
Off-balance exposures (credit card limits)						8,323,897						(716,113)						(300,426)						(206)						166,424						1						—						7,473,577
Total exposures						100,218,376						13,594,840						(2,409,392)						(309,919)						877,225						254						—						111,971,384

Stage 2						Balance at December 31, 2023						Acquisition / (Settlements)						Transfer to stage 1						Transfer to stage 3						Transfer from stage 1						Transfer from stage 3						Write-Off						Closing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations						2,202,931						(566,369)						(710,801)						(125,492)						2,108,966						810						—						2,910,045
Total on-balance exposures						2,202,931						(566,369)						(710,801)						(125,492)						2,108,966						810						—						2,910,045
Off-balance exposures (credit card limits)						583,270						(322,731)						(166,424)						(130)						300,426						5						—						394,416
Total exposures						2,786,201						(889,100)						(877,225)						(125,622)						2,409,392						815						—						3,304,461

Stage 3						Balance at December 31, 2023						Acquisition / (Settlements)						Transfer to stage 1						Transfer to stage 2						Transfer from stage 1						Transfer from stage 2						Write-Off						Closing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations						231,590						(80,172)						(253)						(810)						309,713						125,492						(184,349)						401,211
Total on-balance exposures						231,590						(80,172)						(253)						(810)						309,713						125,492						(184,349)						401,211
Off-balance exposures (credit card limits)						5,540						(312)						(1)						(5)						206						130						—						5,558
Total exposures						237,130						(80,484)						(254)						(815)						309,919						125,622						(184,349)						406,769

Consolidated Stages						Balance at December 31, 2023												Purchases / (Settlements)												Write-Off						Closing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities						43,693,837												9,557,073												—						53,250,910
Financial assets amortized cost
Securities						6,861,493												(4,011,385)												—						2,850,108
Securities purchased under resale agreements						14,891,781												7,167,720												—						22,059,501
Loans and credit card operations						28,881,889												951,004												(184,349)						29,648,544
Total on-balance exposures						94,329,000												13,664,412												(184,349)						107,809,063
Off-balance exposures (credit card limits)						8,912,707												(1,039,156)												—						7,873,551
Total exposures						103,241,707												12,625,256												(184,349)						115,682,614

The following table presents the gross carrying amount of financial assets measured at amortized cost, which have their ECLs measured using the simplified approach:

Gross Carrying Amount						2025						2024
Securities trading and intermediation						6,446,868						6,635,969
Accounts receivable						1,489,842						854,828
Other financial assets						16,933,883						13,257,189
Total						24,870,593						20,747,986

b)    Expected credit loss

The table below presents the changes in ECLs, measured according to the three-stage model, for assets classified as financial assets through other comprehensive income and financial assets measured at amortized cost in the period ended December 31, 2025 and December 31, 2024, segregated by stages:

Stage 1						Balance at December 31, 2024						Acquisition / (Settlements)												Transfer to stage 2						Transfer to stage 3						Transfer from stage 2						Transfer from stage 3						Write-Off						Closing balance December 31, 2025
Financial assets at fair value through other comprehensive income
Securities						15,622						(15,622)												—						—						—						—						—						—
Financial assets amortized cost
Securities						13,962						15,030												(17)						(12,250)						—						—						—						16,725
Securities purchased under resale agreements						2,364						201												—						—						—						—						—						2,565
Loans and credit card operations						79,029						317,847												(27,310)						(177,848)						7,117						72						—						198,907
Total on-balance exposures						110,977						317,456												(27,327)						(190,098)						7,117						72						—						218,197
Off-balance exposures (credit card limits)						11,264						(507)												(1,375)						(4,243)						202						—						—						5,341
Total exposures						122,241						316,949												(28,702)						(194,341)						7,319						72						—						223,538

Stage 2						Balance at December 31, 2024						Acquisition / (Settlements)												Transfer to stage 1						Transfer to stage 3						Transfer from stage 1						Transfer from stage 3						Write-Off						Closing balance December 31, 2025
Financial assets amortized cost
Securities						—						—												—						—						17						—						—						17
Loans and credit card operations						87,885						47,859												(7,117)						(110,526)						27,310						23						—						45,434
Total on-balance exposures						87,885						47,859												(7,117)						(110,526)						27,327						23						—						45,451
Off-balance exposures (credit card limits)						7,804						(7,707)												(202)						(60)						1,375						—						—						1,210
Total exposures						95,689						40,152												(7,319)						(110,586)						28,702						23						—						46,661

Stage 3						Balance at December 31, 2024						Acquisition / (Settlements)												Transfer to stage 1						Transfer to stage 2						Transfer from stage 1						Transfer from stage 2						Write-Off						Closing balance December 31, 2025
Financial assets amortized cost
Securities						—						—												—						—						12,250						—						—						12,250
Securities purchased under resale agreements						—						—												—						—						—						—						—						—
Loans and credit card operations						230,080						(32,647)												(72)						(23)						177,848						110,526						(264,955)						220,757
Total on-balance exposures						230,080						(32,647)												(72)						(23)						190,098						110,526						(264,955)						233,007
Off-balance exposures (credit card limits)						4,019						(4,028)												—						—						4,243						60						—						4,294
Total exposures						234,099						(36,675)												(72)						(23)						194,341						110,586						(264,955)						237,301

Consolidated Stages						Balance at December 31, 2024						Increase / (Reversal)												Write-Off						Closing balance December 31, 2025
Financial assets at fair value through other comprehensive income
Securities						15,622						(15,622)												—						—
Financial assets amortized cost
Securities						13,962						15,030												—						28,992
Securities purchased under resale agreements						2,364						201												—						2,565
Loans and credit card operations						396,994						333,059												(264,955)						465,098
Total on-balance exposures						428,942						332,668												(264,955)						496,655
Off-balance exposures (credit card limits)						23,087						(12,242)												—						10,845
Total exposures						452,029						320,426												(264,955)						507,500

Stage 1						Balance at December 31, 2023						Acquisition / (Settlements)						Transfer to stage 2						Transfer to stage 3						Transfer from stage 2						Transfer from stage 3						Write-Off						Closing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities						12,199						3,423						—						—						—						—						—						15,622
Financial assets amortized cost
Securities						6,072						7,890						—						—						—						—						—						13,962
Securities purchased under resale agreements						2,803						(439)						—						—						—						—						—						2,364
Loans and credit card operations						54,845						227,395						(57,266)						(148,947)						2,872						130						—						79,029
Total on-balance exposures						75,919						238,269						(57,266)						(148,947)						2,872						130						—						110,977
Off-balance exposures (credit card limits)						8,162						8,349						(5,770)						(32)						555						—						—						11,264
Total exposures						84,081						246,618						(63,036)						(148,979)						3,427						130						—						122,241
Stage 2						Balance at December 31, 2023						Acquisition / (Settlements)						Transfer to stage 1						Transfer to stage 3						Transfer from stage 1						Transfer from stage 3						Write-Off						Closing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations						74,696						76,541						(2,872)						(117,930)						57,266						184						—						87,885
Total on-balance exposures						74,696						76,541						(2,872)						(117,930)						57,266						184						—						87,885
Off-balance exposures (credit card limits)						6,203						(3,608)						(555)						(6)						5,770						—						—						7,804
Total exposures						80,899						72,933						(3,427)						(117,936)						63,036						184						—						95,689
Stage 3						Balance at December 31, 2023						Acquisition / (Settlements)						Transfer to stage 1						Transfer to stage 2						Transfer from stage 1						Transfer from stage 2						Write-Off						Closing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations						182,282						(34,416)						(130)						(184)						148,947						117,930						(184,349)						230,080
Total on-balance exposures						182,282						(34,416)						(130)						(184)						148,947						117,930						(184,349)						230,080
Off-balance exposures (credit card limits)						3,766						215						—						—						32						6						—						4,019
Total exposures						186,048						(34,201)						(130)						(184)						148,979						117,936						(184,349)						234,099

Consolidated Stages						Balance at December 31, 2023						Increase / (Reversal)												Write-Off						Closing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities						12,199						3,423												—						15,622
Financial assets amortized cost
Securities						6,072						7,890												—						13,962
Securities purchased under resale agreements						2,803						(439)												—						2,364
Loans and credit card operations						311,823						269,520												(184,349)						396,994
Total on-balance exposures						332,897						280,394												(184,349)						428,942
Off-balance exposures (credit card limits)						18,131						4,956												—						23,087
Total exposures						351,028						285,350												(184,349)						452,029

The table below presents the ECLs for the financial assets measured according to simplified approach in the period ended December 31, 2025 and 2024:

Expected Credit Losses						2025						2024
Securities trading and intermediation						147,384						136,872
Accounts receivable						123,418						75,885
Other financial assets						20,891						24,192
Total						291,693						236,949

c)    Expected credit losses segregated by products

The table below presents the expected credit losses for 2025 and 2024, segregated by products:

Expected Credit Losses						2025						2024
Financial assets at fair value through other comprehensive income						—						15,622
Securities						—						15,622
Financial assets amortized cost						788,348						650,269
Securities						28,992						13,962
Securities purchased under resale agreements						2,565						2,364
Loans and credit card operations						465,098						396,994
Securities trading and intermediation						147,384						136,872
Accounts receivable						123,418						75,885
Other financial assets						20,891						24,192
Total losses for exposures						788,348						665,891
Off-balance exposures (credit card limits)						10,845						23,087
Total exposures						799,193						688,978

X

- Definition

The disclosure of the allowance relating to impairments of financial assets due to credit losses. [Refer: Financial assets]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Note Expiry date 2027-01-01
-Name IAS
-Number 1
-IssueDate 2025-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard
-URIDate 2025-03-27

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X

- References

No definition available.

+ Details

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