| Debt instruments |
The breakdown, by classification, type, and currency,
of the balances within the “Debt Instruments” line item is as follows:
| Schedule of debt instrument |
|
|
| 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:
| Schedule of debt instruments are primarily consist |
|
|
| 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 |
| Schedule of debt instrument linked
to |
|
|
| 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.
|