v3.26.1
Sensitivity analysis (Tables)
 12 Months Ended
Dec. 31, 2025
Sensitivity Analysis  
Schedule of exchange rates or commodity fluctuations
           
    For the year ended
December 31,
2025   2024
Inflation (IPCA) (1)   4.3 %   4.8 %
Interest rate (SELIC) (2)   14.9 %   12.2 %

Source:  IBGE and Brazilian Central Bank. 

(1) The IPCA, compiled by the Brazilian Institute of Geography and Statistics (IBGE), is a comprehensive consumer price index. The inflation figure presented reflects the accumulated variation over the preceding 12-month period.

(2) The SELIC rate, recognized as Brazil’s risk-free benchmark, is established by the Central Bank and serves as the primary instrument for the implementation of national monetary policy.
Schedule of financial assets and liabilities
       
      Interest Change Scenario
As of December 31, 2025 Rate Risk Total portfolio 10% (10%)
Financial Assets        
Financial assets measured at amortized cost   42,521,279 (352,850) 352,850
Debentures Fixed Rate 1,739,683 (10,745) 10,745
Debentures CDI 3,941,507 51,111 (51,111)
Gross Credit Potfolio ¹ Fixed Rate 34,365,118 (378,095) 378,095
Government Securities – Other Countries (ICO) Fixed Rate 1,511,277 (14,989) 14,989
Government Securities – Other Countries (KDB) Fixed Rate 289,509 (2,103) 2,103
National Treasury Notes (NTN) IPCA 94,070 384 (384)
Investment securities - National Treasury Bills (LTN) Fixed Rate 256,000 (2,616) 2,616
Financial Treasury Bills (LFT) SELIC 324,115 4,203 (4,203)
Financial assets measured at fair value through profit or loss   3,102,639 39,717 (39,717)
Financial Instruments - Derivatives CDI 250,582 23,175 (23,175)
Investment securities - Financial Treasury Bills (LFT) Selic 1,722,314 22,335 (22,335)
Investment securities - Financial Bills (LF) CDI 210,891 2,735 (2,735)
Investment securities - National Treasury Bills (LTN) Fixed Rate 646,754 (6,596) 6,596
Investment securities - National Treasury Notes (NTN) Fixed Rate 139,335 (1,141) 1,141
Investments fund quotas¹ - 132,763 (791) 791
         
Financial Liabilities        
Other Liabilities   (10,397,287) 161,526 (161,526)
Obligations related to credit assignments (Vert and FIDC) Fixed Rate (10,397,287) 161,526 (161,526)
Financial liabilities measured at amortized cost   (31,699,084) (174,536) 174,536
Demand customer deposits - (345,801) - -
Funds from acceptances and issuance of securities CDI (6,152,941) (79,891) 79,891
Time customer deposits CDI (8,025,775) (109,627) 109,627
Debt issued and other borrowed funds CDI (530,311) (6,877) 6,877
Time customer deposits IPCA (4,368,545) (18,133) 18,133
Funds from acceptances and issuance of securities Fixed Rate (17,588) 176 (176)
Time customer deposits Fixed Rate (8,110,561) 87,870 (87,870)
Loans and borrowing CDI (667,089) (8,651) 8,651
Debt issued and other borrowed funds Fixed Rate (229,027) 2,761 (2,761)
Repurchase agrements CDI (3,251,446) (42,164) 42,164

(1) Based on the gross credit portfolio balance, excluding allowance for loan losses, purchase premium, and hedging effects.

      Interest Change Scenario
As of December 31, 2024 Rate Risk Total portfolio 10% (10%)
Financial Assets        
Financial assets measured at amortized cost   27,583,439 (270,796) 270,796
Financial Treasury Bills (LFT) SELIC 104,192 1,129 (1,129)
Debentures CDI 1,392,720 10,030 (10,030)
National Treasury Notes (NTN) IPCA 90,866 419 (419)
Gross Credit Potfolio (1) Fixed Rate 24,286,705 (265,398) 265,398
National Treasury Bills (LTN) Fixed Rate 1,174,990 (12,729) 12,729
Government Securities – Other Countries (KDB) Fixed Rate 533,966 (4,247) 4,247
Financial assets measured at fair value through other comprehensive income 14,394 156 (156)
Securities - Financial Treasury Bills (LFT) SELIC 14,394 156 (156)
Financial assets measured at fair value through profit or loss 1,105,089 46,349 (46,349)
Financial Instruments - Derivatives CDI 407,994 39,330 (39,330)
Investment securities - Financial Treasury Bills (LFT) Selic 555,577 5,991 (5,991)
Investment securities - Financial Bills (LF) CDI 1,073 12 (12)
Investments fund quotas - 140,445 1,016 (1,016)
         
         
Financial Liabilities        
Obligations related to credit assignments   (4,459,629) 79,518 (79,518)
Obligations related to credit assignments (Vert and FIDC) Fixed Rate (4,459,629) 79,518 (79,518)
Financial liabilities measured at amortized cost   (20,841,533) (59,460) 59,460
Demand customer deposits - (320,208) - -
Exchange Acceptance Resources CDI (3,227,072) (35,035) 35,035
Time customer deposits CDI (5,444,101) (62,669) 62,669
Loans and borrowing CDI (480,103) (5,201) 5,201
Debt issued and other borrowed funds CDI (269,173) (2,916) 2,916
Time customer deposits IPCA (4,486,875) (20,673) 20,673
Exchange Acceptance Resources Fixed Rate (28,913) 278 (278)
Time customer deposits Fixed Rate (6,325,758) 63,872 (63,872)
Debt issued and other borrowed funds Fixed Rate (253,109) 2,825 (2,825)
Repurchase agrements Fixed Rate (6,221) 59 (59)

(1) Based on the gross credit portfolio balance, excluding allowance for loan losses, purchase premium, and hedging effects.