Cover
Cover | 12 Months Ended |
Dec. 31, 2022 shares | |
Entity Addresses [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Registration Statement | false |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Document Period End Date | Dec. 31, 2022 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2022 |
Current Fiscal Year End Date | --12-31 |
Entity File Number | 001-15276 |
Entity Registrant Name | Itau Unibanco Holding S.A. |
Entity Central Index Key | 0001132597 |
Entity Incorporation, State or Country Code | D5 |
Entity Address, Address Line One | Praça Alfredo Egydio de Souza Aranha, 100 |
Entity Address, City or Town | SP |
Entity Address, Country | BR |
Entity Address, Postal Zip Code | 04344 |
Title of 12(b) Security | American Depositary Shares (as evidenced by American Depositary Receipts), each representing one Preferred Share |
Trading Symbol | ITUB |
Security Exchange Name | NYSE |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 4,958,290,359 |
ICFR Auditor Attestation Flag | true |
Auditor Firm ID | 1351 |
Auditor Name | PricewaterhouseCoopers Auditores Independentes Ltda. |
Auditor Location | São Paulo, Brasil |
Business Contact [Member] | |
Entity Addresses [Line Items] | |
Entity Address, Address Line One | Praça Alfredo Egydio de Souza Aranha |
Entity Address, City or Town | SP |
Entity Address, Country | BR |
Entity Address, Postal Zip Code | 04344 |
Country Region | 55 |
City Area Code | 11 |
Local Phone Number | 2794 3547 |
Contact Personnel Name | Renato Lulia Jacob |
Contact Personnel Email Address | drinvest@itau-unibanco.com.br |
Consolidated Balance Sheet
Consolidated Balance Sheet - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash | R$ 35381 | R$ 44512 |
Financial assets | 2,172,726 | 1,915,573 |
At Amortized Cost | 1,586,992 | 1,375,782 |
Compulsory deposits in the Central Bank of Brazil | 115,748 | 110,392 |
Interbank deposits | 59,592 | 69,942 |
Securities purchased under agreements to resell | 221,779 | 169,718 |
Loan and lease operations | 909,422 | 822,590 |
Other financial assets | 111,823 | 96,473 |
(-) Provision for expected loss | (50,687) | (41,079) |
At Fair Value through Other Comprehensive Income | 121,052 | 105,622 |
At Fair Value through Profit or Loss | 464,682 | 434,169 |
Derivatives | 78,208 | 69,045 |
Other financial assets | 1,375 | 157 |
Tax assets | 59,480 | 58,433 |
Income tax and social contribution - current | 1,647 | 1,636 |
Income tax and social contribution - deferred | 51,469 | 50,831 |
Other | 6,364 | 5,966 |
Other assets | 17,529 | 16,494 |
Investments in associates and joint ventures | 7,443 | 6,121 |
Fixed assets, net | 7,767 | 6,963 |
Goodwill and Intangible assets, net | 23,114 | 21,110 |
Total assets | 2,323,440 | 2,069,206 |
Liabilities and stockholders' equity | ||
Financial Liabilities | 1,836,690 | 1,621,786 |
At Amortized Cost | 1,755,498 | 1,553,107 |
Deposits | 871,438 | 850,372 |
Securities sold under repurchase agreements | 293,440 | 252,848 |
Interbank market funds | 294,587 | 177,145 |
Institutional market funds | 129,382 | 138,636 |
Other financial liabilities | 583 | 161 |
At Fair Value through Profit or Loss | 77,508 | 63,479 |
Derivatives | 76,861 | 63,204 |
Structured notes | 64 | 114 |
Provision for Expected Loss | 3,684 | 5,200 |
Loan commitments | 2,874 | 4,433 |
Financial guarantees | 810 | 767 |
Provision for insurance and private pensions | 235,150 | 214,976 |
Provisions | 19,475 | 19,592 |
Tax liabilities | 6,738 | 6,246 |
Income tax and social contribution - current | 2,950 | 2,450 |
Income tax and social contribution - deferred | 345 | 280 |
Other | 3,443 | 3,516 |
Other liabilities | 48,044 | 42,130 |
Total liabilities | 2,146,097 | 1,904,730 |
Total stockholders’ equity attributed to the owners of the parent company | 167,953 | 152,864 |
Capital | 90,729 | 90,729 |
Treasury shares | (71) | (528) |
Capital reserves | 2,480 | 2,250 |
Revenue reserves | 86,892 | 66,161 |
Other comprehensive income | (12,077) | (5,748) |
Non-controlling interests | 9,390 | 11,612 |
Total stockholders’ equity | 177,343 | 164,476 |
Total liabilities and stockholders' equity | 2,323,440 | 2,069,206 |
Financial assets at amortised cost, category [member] | ||
Assets | ||
Securities | 219,315 | 147,746 |
Liabilities and stockholders' equity | ||
Other financial liabilities | 166,651 | 134,106 |
Financial assets measured at fair value through other comprehensive income, category [member] | ||
Assets | ||
Securities | 121,052 | 105,622 |
Financial assets at fair value through profit or loss, category [member] | ||
Assets | ||
Securities | 385,099 | 364,967 |
Financial liabilities at fair value through profit or loss, category [member] | ||
Liabilities and stockholders' equity | ||
Other financial liabilities | R$ 583 | R$ 161 |
Consolidated Statement of Incom
Consolidated Statement of Income - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Operating Revenues | R$ 144857 | R$ 126374 | R$ 100199 |
Interest and similar income | 190,273 | 129,253 | 114,369 |
Interest and similar expenses | (138,515) | (69,305) | (73,558) |
Income of Financial Assets and Liabilities at Fair Value through Profit or Loss | 34,173 | 16,678 | 6,553 |
Foreign exchange results and exchange variations in foreign transactions | 1,280 | (1,417) | 2,689 |
Commissions and Banking Fees | 46,378 | 42,324 | 38,557 |
Income from insurance and private pension operations before claim and selling expenses | 5,938 | 5,354 | 4,488 |
Revenues from insurance premiums and private pensions | 18,122 | 15,023 | 14,804 |
Change in provision for insurance and private pension | (12,184) | (9,669) | (10,316) |
Other income | 5,330 | 3,487 | 7,101 |
Expected Loss from Financial Assets and Claims | (29,287) | (14,379) | (25,980) |
Expected Loss with Loan and Lease Operations | (28,150) | (14,001) | (24,452) |
Expected Loss with Other Financial Asset, net | 413 | 1,222 | (174) |
(Expenses) / Recovery of claims | (1,550) | (1,600) | (1,354) |
Operating Revenues Net of Expected Losses from Financial Assets and Claims | 115,570 | 111,995 | 74,219 |
Other operating income / (expenses) | (78,037) | (69,764) | (68,989) |
General and administrative expenses | (69,164) | (62,549) | (64,207) |
Tax expenses | (9,545) | (8,379) | (6,181) |
Share of profit or (loss) in associates and joint ventures | 672 | 1,164 | 1,399 |
Income / (loss) before income tax and social contribution | 37,533 | 42,231 | 5,230 |
Current income tax and social contribution | (6,595) | (6,661) | (8,655) |
Deferred income tax and social contribution | (201) | (7,186) | 18,489 |
Net income / (loss) | 30,737 | 28,384 | 15,064 |
Net income attributable to owners of the parent company | 29,702 | 26,760 | 18,896 |
Net income / (loss) attributable to non-controlling interests | R$ 1035 | R$ 1624 | R$ 3832 |
Consolidated Statement of Inc_2
Consolidated Statement of Income (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Adjusted weighted average number of ordinary shares outstanding | 4,840,703,872 | 4,818,741,579 | 4,801,324,161 |
Ordinary shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Basic earnings (loss) per share | $ 3.03 | $ 2.74 | $ 1.94 |
Diluted earnings (loss) per share | $ 3.01 | $ 2.72 | $ 1.93 |
Weighted average number of ordinary shares outstanding | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 |
Adjusted weighted average number of ordinary shares outstanding | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 |
Preference shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Basic earnings (loss) per share | $ 3.03 | $ 2.74 | $ 1.94 |
Diluted earnings (loss) per share | $ 3.01 | $ 2.72 | $ 1.93 |
Weighted average number of ordinary shares outstanding | 4,840,703,872 | 4,818,741,579 | 4,801,324,161 |
Adjusted weighted average number of ordinary shares outstanding | 4,900,469,300 | 4,873,042,114 | 4,843,233,835 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Net income / (loss) | R$ 30737 | R$ 28384 | R$ 15064 |
Financial assets at fair value through other comprehensive income | (3,235) | (3,248) | 148 |
Change in fair value | (5,325) | (7,611) | 1,214 |
Tax effect | 1,246 | 3,320 | (457) |
(Gains) / losses transferred to income statement | 1,534 | 2,086 | (1,107) |
Tax effect | (690) | (1,043) | 498 |
Hedge | (34) | 699 | (3,557) |
Cash flow hedge | 65 | 549 | 499 |
Change in fair value | 162 | 998 | 947 |
Tax effect | (97) | (449) | (448) |
Hedge of net investment in foreign operation | (99) | 150 | (4,056) |
Change in fair value | (148) | 194 | (7,616) |
Tax effect | 49 | (44) | 3,560 |
Remeasurements of liabilities for post-employment benefits (1) | (34) | 45 | (192) |
Remeasurements | (65) | 74 | (349) |
Tax effect | 31 | (29) | 157 |
Foreign exchange variation in foreign investments | (3,026) | (323) | 4,630 |
Total other comprehensive income | (6,329) | (2,827) | 1,029 |
Total comprehensive income | 24,408 | 25,557 | 16,093 |
Comprehensive income attributable to the owners of the parent company | 23,373 | 23,933 | 19,925 |
Comprehensive income attributable to non-controlling interests | R$ 1035 | R$ 1624 | R$ 3832 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity - BRL (R$) R$ in Millions | Issued capital [member] | Treasury shares [member] | Capital Reserves [Member] | Revenue Reserve [Member] | Retained earnings [member] | Reserve of gains and losses on financial assets measured at fair value through other comprehensive income [member] | Reserve of remeasurements of defined benefit plans [member] | Reserve of exchange differences on translation [member] | Reserve of cash flow hedges [member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] | Total |
Total - 01/01/2022 at Dec. 31, 2019 | R$ 97148 | R$ 1274 | R$ 1982 | R$ 43019 | R$ 700 | R$ 1339 | R$ 2224 | R$ 5535 | R$ 136925 | R$ 12540 | R$ 149465 | |
IfrsStatementLineItems [Line Items] | ||||||||||||
Transactions with owners | 367 | 344 | 711 | 3,329 | 4,040 | |||||||
Result of delivery of treasury shares | 367 | 200 | 567 | 567 | ||||||||
Recognition of share-based payment plans | 144 | 144 | 144 | |||||||||
(Increase) / Decrease to the owners of the parent company | 3,329 | 3,329 | ||||||||||
Dividends | (1,756) | (1,756) | (505) | (2,261) | ||||||||
Interest on capital | (3,232) | (3,232) | (3,232) | |||||||||
Dividends / Interest on capital - declared after previous period | (9,811) | (9,811) | (9,811) | |||||||||
Unclaimed dividends and Interest on capital | 118 | 118 | 118 | |||||||||
Other (3) | 113 | 113 | 113 | |||||||||
Total comprehensive income | 18,896 | 148 | (192) | 4,630 | (3,557) | 19,925 | (3,832) | 16,093 | ||||
Net income | 18,896 | 18,896 | (3,832) | 15,064 | ||||||||
Other comprehensive income for the period | 148 | (192) | 4,630 | (3,557) | 1,029 | 1,029 | ||||||
Appropriations: | ||||||||||||
Legal reserve | 948 | (948) | ||||||||||
Statutory reserve | 13,078 | (13,078) | ||||||||||
Change in the period | 367 | 344 | 4,328 | 148 | (192) | 4,630 | (3,557) | 6,068 | (1,008) | 5,060 | ||
Total - 12/31/2022 at Dec. 31, 2020 | 97,148 | (907) | 2,326 | 47,347 | 848 | (1,531) | 6,854 | (9,092) | 142,993 | 11,532 | 154,525 | |
IfrsStatementLineItems [Line Items] | ||||||||||||
Transactions with owners | 379 | 111 | 490 | (1,414) | (924) | |||||||
Result of delivery of treasury shares | 379 | 193 | 572 | 572 | ||||||||
Recognition of share-based payment plans | (82) | (82) | (82) | |||||||||
(Increase) / Decrease to the owners of the parent company | (1,414) | (1,414) | ||||||||||
Partial spin-off | (6,419) | (187) | (3,457) | 77 | (23) | 24 | (9,985) | (9,985) | ||||
Dividends | (1,466) | (1,466) | (130) | (1,596) | ||||||||
Interest on capital | (5,607) | (5,607) | (5,607) | |||||||||
Reversal of Dividends or Interest on capital - declared after previous period | 166 | 166 | 166 | |||||||||
Unclaimed dividends and Interest on capital | 102 | 102 | 102 | |||||||||
Corporate reorganization | 1,547 | 1,547 | 1,547 | |||||||||
Other (3) | 769 | 769 | 769 | |||||||||
Total comprehensive income | 26,760 | (3,325) | 45 | (300) | 675 | 23,855 | 1,624 | 25,479 | ||||
Net income | 26,760 | 26,760 | 1,624 | 28,384 | ||||||||
Other comprehensive income for the period | (3,325) | 45 | (300) | 675 | (2,905) | (2,905) | ||||||
Appropriations: | ||||||||||||
Legal reserve | 1,312 | (1,312) | ||||||||||
Statutory reserve | 18,477 | (18,477) | ||||||||||
Change in the period | (6,419) | 379 | (76) | 18,814 | (3,248) | 45 | (323) | 699 | 9,871 | 80 | 9,951 | |
Total - 12/31/2022 at Dec. 31, 2021 | 90,729 | (528) | 2,250 | 66,161 | (2,400) | (1,486) | 6,531 | (8,393) | 152,864 | 11,612 | 164,476 | |
IfrsStatementLineItems [Line Items] | ||||||||||||
Transactions with owners | 457 | 230 | 687 | (2,964) | (2,277) | |||||||
Result of delivery of treasury shares | 457 | 64 | 521 | 521 | ||||||||
Recognition of share-based payment plans | 166 | 166 | 166 | |||||||||
(Increase) / Decrease to the owners of the parent company | (2,964) | (2,964) | ||||||||||
Dividends | (293) | (293) | ||||||||||
Interest on capital | (9,844) | (9,844) | (9,844) | |||||||||
Unclaimed dividends and Interest on capital | 119 | 119 | 119 | |||||||||
Corporate reorganization | 36 | 36 | 36 | |||||||||
Other (3) | 786 | 786 | 786 | |||||||||
Total comprehensive income | 29,634 | (3,235) | (34) | (3,026) | (34) | 23,305 | 1,035 | 24,340 | ||||
Net income | 29,702 | 29,702 | 1,035 | 30,737 | ||||||||
Other comprehensive income for the period | (68) | (3,235) | (34) | (3,026) | (34) | (6,397) | (6,397) | |||||
Appropriations: | ||||||||||||
Legal reserve | 1,485 | (1,485) | ||||||||||
Statutory reserve | 18,424 | (18,424) | ||||||||||
Change in the period | 457 | 230 | 20,731 | (3,235) | (34) | (3,026) | (34) | 15,089 | (2,222) | 12,867 | ||
Total - 12/31/2022 at Dec. 31, 2022 | R$ 90729 | R$ 71 | R$ 2480 | R$ 86892 | R$ 5635 | R$ 1520 | R$ 3505 | R$ 8427 | R$ 167953 | R$ 9390 | R$ 177343 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of cash flows [abstract] | |||
Adjusted net income | R$ 88266 | R$ 93298 | R$ 60214 |
Net income | 30,737 | 28,384 | 15,064 |
Adjustments to net income: | 57,529 | 64,914 | 45,150 |
Share-based payment | 234 | (20) | 217 |
Effects of changes in exchange rates on cash and cash equivalents | 24,279 | 19,941 | 11,677 |
Expected loss from financial assets and claims | 29,287 | 14,379 | 25,980 |
Income from interest and foreign exchange variation from operations with subordinated debt | 1,708 | 24,279 | 20,774 |
Provision for insurance and private pension | 12,184 | 9,669 | 10,316 |
Depreciation and amortization | 4,796 | 4,233 | 3,729 |
Expense from update / charges on the provision for civil, labor, tax and legal obligations | 1,288 | 578 | 893 |
Provision for civil, labor, tax and legal obligations | 2,882 | 3,565 | 3,602 |
Revenue from update / charges on deposits in guarantee | (1,018) | (376) | (344) |
Deferred taxes (excluding hedge tax effects) | 3,457 | 10,024 | (239) |
Income from share in the net income of associates and joint ventures and other investments | (672) | (1,164) | (1,399) |
Income from financial assets - at fair value through other comprehensive income | 1,534 | 2,086 | (1,107) |
Income from interest and foreign exchange variation of financial assets at fair value through other comprehensive income | (16,863) | (18,311) | (21,057) |
Income from interest and foreign exchange variation of financial assets at amortized cost | (7,364) | (6,541) | (8,309) |
(Gain) / loss on sale of investments and fixed assets | (565) | (4,165) | |
Other | 1,797 | 3,137 | 4,582 |
Change in assets and liabilities | 41,700 | (38,992) | (723) |
Interbank deposits | 10,379 | (5,590) | (21,775) |
Securities purchased under agreements to resell | (42,595) | 61,293 | (21,639) |
Compulsory deposits with the Central Bank of Brazil | (5,356) | (20,333) | 1,189 |
Loan operations | (106,975) | (126,493) | (141,951) |
Derivatives (assets / liabilities) | 4,460 | (8,842) | (2,973) |
Financial assets designated at fair value through profit or loss | (20,132) | 24,104 | (107,996) |
Other financial assets | (15,550) | (2,999) | 1,841 |
Other tax assets | (409) | 1,910 | 534 |
Other assets | (9,346) | 506 | (18,008) |
Deposits | 21,066 | 41,362 | 301,950 |
Deposits received under securities repurchase agreements | 40,592 | (20,516) | 16,781 |
Funds from interbank markets | 117,442 | 21,110 | (18,827) |
Funds from institutional markets | 11,243 | 208 | 18,611 |
Other financial liabilities | 32,966 | 15,343 | 1,843 |
Financial liabilities at fair value throught profit or loss | (50) | (29) | (60) |
Provision for insurance and private pension | 6,440 | (17,293) | (9,004) |
Provisions | (1,551) | 709 | (3,550) |
Tax liabilities | (347) | (898) | (1,910) |
Other liabilities | 5,297 | 3,341 | 10,048 |
Payment of income tax and social contribution | (5,874) | (5,885) | (5,827) |
Net cash from / (used in) operating activities | 129,966 | 54,306 | 59,491 |
Dividends / Interest on capital received from investments in associates and joint ventures | 336 | 661 | 487 |
Cash upon sale of investments in associates and joint ventures | 623 | 4,982 | |
Cash and Cash equivalents, net of assets and liabilities arising from the spin-off of XP Inc | (10) | ||
Cash upon sale of fixed assets | 505 | 172 | 331 |
Mutual rescission of intangible assets agreements | 17 | 95 | 309 |
(Purchase) / Cash from the sale of financial assets at fair value through other comprehensive income | (1,605) | 14,028 | (11,860) |
(Purchase) / redemptions of financial assets at amortized cost | (63,701) | (11,296) | 11,863 |
(Purchase) of investments in associates and joint ventures | (660) | (33) | (52) |
(Purchase) of fixed assets | (2,727) | (1,414) | (1,716) |
(Purchase) of intangible assets | (5,768) | (7,667) | (3,591) |
Net cash from / (used in) investment activities | (73,603) | (4,841) | 753 |
Subordinated debt obligations raisings | 1,004 | 8,229 | 5,260 |
Subordinated debt obligations redemptions | (23,208) | (32,388) | (10,581) |
Change in non-controlling interests stockholders | (2,964) | (1,414) | 3,330 |
Result of delivery of treasury shares | 453 | 510 | 494 |
Dividends and interest on capital paid to non-controlling interests | (293) | (130) | (506) |
Dividends and interest on capital paid | (6,706) | (6,267) | (11,552) |
Net cash from / (used in) financing activities | (31,714) | (31,460) | (13,555) |
Net increase / (decrease) in cash and cash equivalents | 24,649 | 18,005 | 46,689 |
Cash and cash equivalents at the beginning of the period | 103,887 | 105,823 | 70,811 |
Effects of changes in exchange rates on cash and cash equivalents | (24,279) | (19,941) | (11,677) |
Cash and cash equivalents at the end of the period | 104,257 | 103,887 | 105,823 |
Cash | 35,381 | 44,512 | 46,224 |
Interbank deposits | 12,584 | 12,555 | 3,888 |
Securities purchased under agreements to resell - Collateral held | 56,292 | 46,820 | 55,711 |
Additional information on cash flow (Mainly operating activities) | |||
Interest received | 213,820 | 131,661 | 121,558 |
Interest paid | 107,468 | 73,458 | 77,011 |
Non-cash transactions | |||
Loans transferred to assets held for sale | |||
Spin-off of XP Inc. investment | 9,975 | ||
Increase of Equity Interest in ITAU CORPBANCA | 961 | ||
Dividends and interest on capital declared and not yet paid | R$ 4506 | R$ 2864 | R$ 3178 |
Operations
Operations | 12 Months Ended |
Dec. 31, 2022 | |
Operations | |
Operations | Note 1 - Operations Itaú Unibanco Holding S.A. (ITAÚ UNIBANCO HOLDING) is a publicly held company, organized and existing under the laws of Brazil. The head office is located at Praça Alfredo Egydio de Souza Aranha, n° 100, in the city of São Paulo, state of São Paulo, Brazil. ITAÚ UNIBANCO HOLDING has a presence in 18 countries and territories and offers a wide variety of financial products and services to personal and corporate customers in Brazil and abroad, not necessarily related to Brazil, through its branches, subsidiaries and international affiliates. It offers a full range of banking services, through its different portfolios: commercial banking; investment banking; real estate lending; loans, financing and investment; leasing and foreign exchange business. Its operations are divided into three segments: Retail Business, Wholesale Business and Activities with the Market + Corporation. Further detailed segment information is presented in Note 30. ITAÚ UNIBANCO HOLDING is a financial holding company controlled by Itaú Unibanco Participações S.A. (“IUPAR”), a holding company which owns 51.71 39.21 These consolidated financial statements were approved by the Board of Directors on April 27, 2023. |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Significant Accounting Policies | |
Significant accounting policies | Note 2 - Significant accounting policies a) Basis of preparation The Consolidated Financial Statements of ITAÚ UNIBANCO HOLDING were prepared in accordance with the requirements and guidelines of the National Monetary Council (CMN), which require that as from December 31, 2010 annual Consolidated Financial Statements are prepared in accordance with the International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). In the preparation of these Consolidated Financial Statements, ITAÚ UNIBANCO HOLDING adopted the criteria for recognition, measurement and disclosure established in the IFRS and in the interpretations of the International Financial Reporting Interpretation Committee (IFRIC). The information in the financial statements and accompanying notes evidence all relevant information inherent in the financial statements, and only them, which are consistent with information used by management in its administration. b) New accounting standards changes and interpretations of existing standards I - Accounting standards applicable for period ended December 31, 2022 There were no new accounting standards for the current period. II - Accounting standards recently issued and applicable in future periods • IFRS 17 – Insurance Contracts: The pronouncement replaces IFRS 4 – Insurance Contracts and presents three approaches for measurement: • Building Block Approach (BBA) General Model: applicable to all insurance contracts without direct participation features and reinsurance maintained. • Premium Allocation Approach (PAA) Simplified Model: applicable to insurance and reinsurance contracts maintained with term is up to 12 months or when it produces results similar to those that would be obtained if the general model was used. • Variable Fee Approach (VFA): applicable to insurance contracts with direct participation features, composed substantially by investment related service contracts under which an entity promises an investment return based on underlying items. ITAÚ UNIBANCO HOLDING will use the BBA, PAA and VFA approach, considering the features of existing and maintained insurance and reinsurance contracts. Insurance contracts must be measured considering four components: • Expected Future Cash Flows: estimate of all components of cash flow of the contract, considering inflows and outflows. • Adjustment for Non-financial Risk: estimate of offset required for differences that may occur between cash flows. • Contractual Margin: unearned income that will be recognized according to the provision of insurance services, being represented in the initial recognition by the difference in the present value of the estimated cash flows inflows and outflows minus the adjustment for non-financial risk. • Discount: projected cash flows must be discounted to present value, to reflect the time value of money, at rates that reflect the characteristics of the respective flows. Additionally, the redesignation of the classification of financial assets that are related to insurance and reinsurance contracts maintained is forecasted in the event IFRS 9 - Financial Instruments has already been adopted. This standard is effective as from January 1 st st st The adoption of the new standard will not result in regulatory or prudential impacts - including capital - for ITAÚ UNIBANCO HOLDING, since such limits are calculated based on the Prudential Consolidated which is prepared according to the generally accepted principles and accounting standards in Brazil applicable to institutions authorized to operate by BACEN. • Amendments to IAS 1 – Presentation of Financial Statements: Information on accounting policies st Segregation between Current and Non-current Liabilities st • Amendments to IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors – Includes the definition of accounting estimates: monetary amounts subject to uncertainties in their measurement. Expected credit loss and the fair value of an asset or liability are examples of accounting estimates. This change is effective for the years beginning January 1 st • Amendments to IAS 12 – Income Taxes – Requires that the lessee recognizes deferred taxes arising from temporary differences generated in the initial recognition of right-of-use assets and lease liabilities, in compliance with the tax legislation. These amendments are effective for years beginning January 1 st c) Critical accounting estimates and judgments The preparation of Consolidated Financial Statements in accordance with the IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and contingent liabilities at the date of the Financial Statements, due to uncertainties and the high level of subjectivity involved in the recognition and measurement of certain items. Estimates and judgments that present a significant risk and may have a material impact on the values of assets and liabilities are disclosed below. Actual results may differ from those established by these estimates and judgments. Consolidated Financial Statements Topic Consolidation 2c I and 3 Fair value of financial instruments 2c II and 28 Effective interest rate 2c III, 5, 8, 9 and 10 Change to financial assets 2c IV, 5, 8, 9 and 10 Transfer and write-off of financial assets 2c V, 5, 8, 9 and 10 Expected credit loss 2c VI, 8, 9, 10 and 32 Goodwill impairment 2c VII and 14 Deferred income tax and social contribution 2c VIII and 24 Defined benefit pension plan 2c IX and 26 Provisions, contingencies and legal obligations 2c X and 29 Technical provisions for insurance and private pension 2c XI and 27 I - Consolidation Subsidiaries are all those in which ITAÚ UNIBANCO HOLDING’s involvement exposes it or entitles it to variable returns and can affect these returns through its influence on the entity. The existence of control is assessed continuously. Subsidiaries are consolidated from the date control is established to the date on which it ceases to exist. The consolidated financial statements are prepared using consistent accounting policies. Intercompany asset and liability account balances, income accounts and transaction values have been eliminated. II - Fair value of financial instruments not traded in active markets, including derivatives The fair value of financial instruments, including derivatives that are not traded in active markets, is calculated by using valuation techniques based on assumptions that consider market information and conditions. The main assumptions are: historical data and information on similar transactions. For more complex or illiquid instruments, significant judgment is necessary to determine the model used with the selection of specific inputs and, in certain cases, evaluation adjustments are applied to the model amount our price quoted for financial instruments that are not actively traded. III - Effective interest rate For the calculation of the effective interest rate, ITAÚ UNIBANCO HOLDING estimates cash flows considering all contractual terms of the financial instrument, but without considering future credit losses. The calculation includes all commissions paid or received between parties to the contract, transaction costs, and all other premiums or discounts. Interest revenue is calculated by applying the effective interest rate to the gross carrying amount of a financial asset. In the case of purchased or originated credit impaired financial assets, the adjusted effective interest rate is applied, taking into account the expected credit loss, to the amortized cost of the financial asset. IV - Modification of financial assets The factors used to determine whether there has been substantial modification of a contract are: evaluation if there is a renegotiation that is not part of the original contractual terms, significant change to contractual cash flows and significant extensions of the term of the transaction due to the debtor's financial constraints, significant changes to the interest rate and change to the currency in which the transaction is denominated. V - Transfer and write-off of financial assets When there are no reasonable expectations of recovery of a financial asset, considering historical curves, its total or partial write-off is carried out concurrently with the use of the related allowance for expected credit loss, with no material effects on the Consolidated Statement of Income of ITAÚ UNIBANCO HOLDING. Subsequent recoveries of amounts previously written off are accounted for as income in the Consolidated Statement of Income. Thus, financial assets are written off, either totally or partially, when there is no reasonable expectation of recovering a financial asset or when ITAÚ UNIBANCO HOLDING substantially transfers all risks and benefits of ownership and said transfer is qualified to be written off. VI - Expected credit loss The measurement of expected credit loss requires the application of significant assumptions and use of quantitative models. Management exercises its judgment in the assessment of the adequacy of the expected loss amounts resulting from models and, according to its experience, makes adjustments that may result from certain client’ credit condition or temporary adjustments resulting from situations or new circumstances that have not been reflected in the modeling yet. The main assumptions are: • Term to maturity • Prospective information: • Macroeconomic scenarios: • Probability-weighted loss scenarios: • Determining criteria for significant increase or decrease in credit risk VII - Goodwill impairment The review of goodwill due to impairment reflects the Management's best estimate for future cash flows of Cash Generating Units (CGU), with the identification of the CGU and estimate of their fair value less costs to sell and/or value in use. To determine this estimate, ITAÚ UNIBANCO HOLDING adopts the discounted cash flow methodology for a period of 5 years, macroeconomic assumptions, growth rate and discount rate. The discount rate generally reflects financial and economic variables, such as the risk-free interest rate and a risk premium. Cash-Generating Units or CGU groups are identified at the lowest level at which goodwill is monitored for internal management purposes. VIII - Deferred income tax and social contribution Deferred tax assets are recognized only in relation to deductible temporary differences, tax losses and social contribution loss carryforwards for offset only to the extent that it is probable that ITAÚ UNIBANCO HOLDING will generate future taxable profit for its use. The expected realization of deferred tax assets is based on the projection of future taxable profits and technical studies. IX - Defined benefit pension plans The current amount of pension plans is obtained from actuarial calculations, which use assumptions such as discount rate, which is appropriated at the end of each year and used to determine the present value of estimated future cash outflows. To determine the appropriate discount rate, ITAÚ UNIBANCO HOLDING considers the interest rates of National Treasury Notes that have maturity terms similar to the terms of the respective liabilities. The main assumptions for Pension plan obligations are partly based on current market conditions. X - Provisions and contingencies ITAÚ UNIBANCO HOLDING periodically reviews its provisions and contingencies which are evaluated based on management´s best estimates, taking into account the opinion of legal counsel when there is a likelihood that financial resources will be required to settle the obligations and the amounts may be reasonably estimated. Contingencies classified as probable losses are recognized in the Balance Sheet under Provisions. Contingent amounts are measured using appropriate models and criteria that permit their measurement, despite the uncertainty inherent in timing and amounts. XI - Technical provisions for insurance and private pension Technical provisions are liabilities arising from obligations of ITAÚ UNIBANCO HOLDING to its policyholders and participants. These obligations may be short term liabilities (property and casualty insurance) or medium and long term liabilities (life insurance and pension plans). The determination of the actuarial liability is subject to several uncertainties inherent in the coverage of insurance and pension contracts, such as assumptions of persistence, mortality, disability, life expectancy, morbidity, expenses, frequency and severity of claims, conversion of benefits into annuities, redemptions and return on assets. The estimates for these assumptions are based on the historical experience of ITAÚ UNIBANCO HOLDING, benchmarks and the experience of the actuary, in order to comply with best market practices and constantly review of the actuarial liability. The adjustments resulting from these continuous improvements, when necessary, are recognized in the statement of income for the corresponding period. d) Summary of main accounting practices I - Consolidation I.I - Subsidiaries In accordance with IFRS 10 - Consolidated Financial Statements, subsidiaries are all entities in which ITAÚ UNIBANCO HOLDING holds control. In the 3rd quarter of 2018, ITAÚ UNIBANCO HOLDING started adjusting the financial statements of its subsidiaries in Argentina to reflect the effects of hyperinflation, pursuant to IAS 29 - Financial Reporting in Hyperinflationary Economies. The following table shows the main consolidated companies, which together represent over 95 Summary of Consolidated Companies Functional Currency (1,2) Incorporation Country Activity Interest in voting capital % Interest in total capital % 12/31/2022 12/31/2021 12/31/2022 12/31/2021 In Brazil Banco Itaú BBA S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Consignado S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itaucard S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itauleasing S.A. (3) Real Brazil Financial institution - 100.00 - 100.00 Cia. Itaú de Capitalização Real Brazil Premium Bonds 100.00 100.00 100.00 100.00 Dibens Leasing S.A. - Arrendamento Mercantil Real Brazil Leasing 100.00 100.00 100.00 100.00 Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento Real Brazil Consumer finance credit 50.00 50.00 50.00 50.00 Hipercard Banco Múltiplo S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Itaú Corretora de Valores S.A. Real Brazil Securities Broker 100.00 100.00 100.00 100.00 Itaú Seguros S.A. Real Brazil Insurance 100.00 100.00 100.00 100.00 Itaú Unibanco S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Itaú Vida e Previdência S.A. Real Brazil Pension plan 100.00 100.00 100.00 100.00 Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento Real Brazil Consumer finance credit 50.00 50.00 50.00 50.00 Redecard Instituição de Pagamento S.A. Real Brazil Acquirer 100.00 100.00 100.00 100.00 Foreign Itaú CorpBanca Colombia S.A. Colombian peso Colombia Financial institution 65.27 49.30 65.27 49.30 Banco Itaú (Suisse) S.A. Swiss franc Switzerland Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Argentina S.A. Argentine peso Argentina Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Paraguay S.A. Guarani Paraguay Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Uruguay S.A. Uruguayan peso Uruguay Financial institution 100.00 100.00 100.00 100.00 Itau Bank, Ltd. Real Cayman Islands Financial institution 100.00 100.00 100.00 100.00 Itau BBA International plc US Dollar United Kingdom Financial institution 100.00 100.00 100.00 100.00 Itau BBA USA Securities Inc. US Dollar United States Securities Broker 100.00 100.00 100.00 100.00 Itaú CorpBanca Chilean peso Chile Financial institution 65.62 56.60 65.62 56.60 1) All overseas offices of ITAÚ UNIBANCO HOLDING have the same functional currency as the parent company, except for CorpBanca New York Branch and Itaú Unibanco S.A. Miami Branch, which uses the US dollar. 2) On January 1, 2022, the functional currency of the units Itaú Unibanco S.A. Miami Branch and Itaú BBA USA Securities Inc. was changed from reais into dollars due to the modification in the scope of activity and the main economic environment in which the units operate. 3) Company incorporated by Dibens Leasing S.A. - Arrendamento Mercantil at 03/31/2022. I.II - Business combinations In general, a business consists of an integrated set of activities and assets that may be conducted and managed so as to provide a return, in the form of dividends, lower costs or other economic benefits, to investors or other stockholders, members or participants. If there is goodwill in a set of activities and assets transferred, it is presumed to be a business. The acquisition method is used to account for business combinations, except for those classified as under common control. Acquisition cost is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the acquisition date. Acquired assets and assumed liabilities and contingent liabilities identifiable in a business combination are initially measured at fair value at the date of acquisition, regardless of the existence of non-controlling interests. When the amount paid, plus non-controlling interests, is higher than the fair value of identifiable net assets acquired, the difference will be accounted for as goodwill. On the other hand, if the difference is negative, it will be treated as negative goodwill and the amount will be recognized directly in income. I.III - Goodwill Goodwill is not amortized, but its recoverable value is assessed semiannually or when there is an indication of impairment loss using an approach that involves the identification of Cash Generating Units (CGU) and the estimate of its fair value less the cost to sell and/or its value in use. The breakdown of Goodwill and Intangible assets is described in Note 14. I.IV - Capital Transactions with non-controlling stockholders Changes in an ownership interest in a subsidiary, which do not result in a loss of control, are accounted for as capital transactions and any difference between the amount paid and the carrying amount of non-controlling stockholders is recognized directly in stockholders' equity. II - Foreign currency translation II.I - Functional and presentation currency The Consolidated Financial Statements of ITAÚ UNIBANCO HOLDING are presented in Brazilian Reais, its functional and presentation currency. For each subsidiary, joint venture or investment in associates, ITAÚ UNIBANCO HOLDING defines the functional currency as the currency of the primary economic environment in which the entity operates. II.II - Foreign currency operations Foreign currency operations are translated into the functional currency using the exchange rates prevailing on the dates of the transactions. Foreign exchange gains and losses are recognized in the consolidated statement of income, unless they are related to cash flow hedges and hedges of net investment in foreign operations, which are recognized in stockholders’ equity. III - Cash and cash equivalents Defined as cash and current accounts with banks, shown in the Balance Sheet under the headings Cash, Interbank Deposits and Securities purchased under agreements to resell (Collateral Held) with original maturities not exceeding 90 days. IV - Financial assets and liabilities Financial assets and liabilities are offset against each other and the net amount is reported in the Balance Sheet only solely when there is a legally enforceable right to offset them and the intention to settle them on a net basis, or to simultaneously realize the asset and settle the liability. IV.I - Initial recognition and derecognition Financial assets and liabilities are initially recognized at fair value and subsequently measured at amortized cost or fair value. Regular purchases and sales of financial assets are recognized and derecognized, respectively, on the trading date. Financial assets are partially or fully derecognized when: • the contractual rights to the cash flows of the financial asset expire, or • ITAÚ UNIBANCO HOLDING transfers the financial asset and this transfer qualifies for derecognition. The financial liabilities are derecognized when they are extinguished, i.e., when the obligation specified in the contract is discharged, cancelled or expires. Derecognition of financial assets Financial assets are derecognized when ITAÚ UNIBANCO HOLDING substantially transfers all risks and benefits of its property. In the event it is not possible to identify the transfer of all risks and benefits, the control should be assessed to determine the continuous involvement related to the transaction. If there is a retention of risks and benefits, the financial asset continues to be recorded and a liability is recognized for the consideration received. IV.II Classification and subsequent measurement of financial assets Financial assets are classified in the following categories: • Amortized cost: used when financial assets are managed to obtain contractual cash flows, consisting solely of payments of principal and interest. • Fair value through other comprehensive income: used when financial assets are held both for obtaining contractual cash flows, consisting solely of payments of principal and interest, and for sale. • Fair value through profit or loss: used for financial assets that do not meet the aforementioned criteria. The classification and subsequent measurement of financial assets depend on: • The business model under which they are managed. • The characteristics of their cash flows (Solely Payment of Principal and Interest Test – SPPI Test). Business model: When a financial asset is subject to business models i) or ii) the application of the SPPI Test is required. SPPI Test: Amortized cost Amortized cost is the amount at which the financial asset or liability is measured at initial recognition, plus adjustments made under the effective interest method, less repayments of principal and interest, and any provision for expected credit loss. Fair value Fair value is the price that would be received for the sale of an asset or that would be paid for the transfer of a liability in an orderly transaction between market participants on the measurement date. ITAÚ UNIBANCO HOLDING classifies the fair value hierarchy according to the relevance of data observed in the measurement process. Details of the fair value of financial instruments, including Derivatives, and of the hierarchy of fair value are given in Note 28. The adjustment to fair value of financial assets and liabilities is recognized: • In stockholders' equity for financial assets and liabilities measured at fair value through other comprehensive income. • In the Consolidated Statement of Income, under the heading Income of Financial Assets and Liabilities at Fair Value through Profit or Loss, for the other financial assets and liabilities. Average cost is used to determine the gains and losses realized on disposal of financial assets at fair value, which are recorded in the Consolidated Statement of Income as Interest and similar income and Income of Financial Assets and Liabilities at Fair Value through Profit or Loss. Dividends on assets at fair value through other comprehensive income are recognized in the Consolidated Statement of Income as Interest and similar income when it is probable that ITAÚ UNIBANCO HOLDING 's right to receive such dividends is assured. Equity instruments An equity instrument is any contract that evidences a residual interest in an entity’s assets, after the deduction of all its liabilities, such as Shares and Units. ITAÚ UNIBANCO HOLDING subsequently measures all its equity instruments at fair value through profit or loss, except when Management opts, on initial recognition, to irrevocably designate an equity instrument at fair value through other comprehensive income when it is held for a purpose other than only generating returns. When this option is selected, gains and losses on the fair value of the instrument are recognized in the Consolidated Statement of Comprehensive Income and are not subsequently reclassified to the Consolidated Statement of Income, even on sale. Dividends continue to be recognized in the Consolidated Statement of Income as Interest and similar income, when ITAÚ UNIBANCO HOLDING’s right to receive them is assured. Gains and losses on equity instruments measured at fair value through profit or loss are accounted in the Consolidated Statement of Income. Expected credit loss ITAÚ UNIBANCO HOLDING makes a forward-looking assessment of the expected credit loss on financial assets measured at amortized cost or through other comprehensive income, loan commitments and financial guarantee contracts: • Financial assets: • Loan commitments: • Financial guarantees: ITAÚ UNIBANCO HOLDING applies a three-stage approach to measuring the expected credit loss, in which financial assets migrate from one stage to the other in accordance with changes in credit risk. • Stage 1 – 12-month expected credit loss: represents default events possible within 12 months. Applicable to financial assets which are not credit impaired when purchased or originated. • Stage 2 – Lifetime expected credit loss of financial instrument: considers all possible default events. Applicable to financial assets originated which are not credit impaired when originated or purchased but for which credit risk has increased significantly. • Stage 3 – Credit loss expected for credit-impaired assets: considers all possible default events. Applicable to financial assets which are credit impaired when purchased or originated. The measurement of assets classified in this stage is different from Stage 2 due to the recognition of interest income by applying the effective interest rate to amortized cost (net of provision) rather than to the gross carrying amount. An asset will migrate between stages as its credit risk increases or decreases. Therefore, a financial asset that migrated to stages 2 and 3 may return to stage 1, unless it was purchased or originated credit impaired financial asset. Macroeconomic scenarios Forward-looking information is based on macroeconomic scenarios that are reassessed annually or when market conditions so require. Additional information is described in Note 32. Modification of contractual cash flows When contractual cash flows of a financial asset are renegotiated or otherwise modified and this does not substantially change its terms and conditions, ITAÚ UNIBANCO HOLDING does not derecognize it. However, the gross carrying amount of this financial asset is recalculated as the present value of the renegotiated or changed contractual cash flows, discounted at the original effective interest rate and a modification gain or loss is recognized in profit or loss. Any costs or fees incurred adjust the modified carrying amount and are amortized over the remaining term of the financial asset. If, on the other hand, the renegotiation or change substantially modifies the terms and conditions of the financial asset, ITAÚ UNIBANCO HOLDING derecognizes the original asset and recognizes a new one. Accordingly, the renegotiation date is taken as the initial recognition date of the new asset for expected credit loss calculation purposes, and to determine significant increases in credit risk. ITAÚ UNIBANCO HOLDING also assesses if the new financial asset may be considered as purchased or originated credit impaired financial asset, particularly when the renegotiation was motivated by the debtor’s financial constraints. Differences between the carrying amount of the original asset and fair value of the new asset are immediately recognized in the Consolidated Statement of Income. The effects of changes in cash flows of financial assets and other details about methodologies and assumptions adopted by Management to measure the allowance for expected credit loss, including the use of prospective information, are detailed in Note 32. IV.III - Classification and subsequent measurement of financial liabilities Financial liabilities are subsequently measured at amortized cost, except for: • Financial liabilities at fair value through profit or loss: • Loan commitments and financial guarantees: Modification of financial liabilities A debt instrument change or substantial terms modification of a financial liability is accounted as a derecognition of the original financial liability and a new one is recognized. A substantial change to contractual terms occurs when the discounted present value of cash flows under the new terms, including any fees paid/received and discounted using the original effective interest rate, is at least 10 IV.IV - Securities purchased under agreements to resell ITAÚ UNIBANCO HOLDING purchases financial assets with a resale commitment (resale agreements) and sells securities with a repurchase commitment (repurchase agreement) of financial assets. Resale and repurchase agreements are accounted for under Securities purchased under agreements to resell and Securities sold under repurchase agreements, respectively. The difference between the sale and repurchase prices is treated as interest and recognized over the life of the agreements using the effective interest rate method. The financial assets taken as collateral in resale agreements can be used as collateral for repurchase agreements if provided for in the agreements or can be sold. IV.V - Derivatives All derivatives are accounted for as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The valuation of active hybrid contracts that are subject to IFRS 9 is carried out as a whole, including all embedded characteristics, whereas the accounting is carried out on a joint basis, i.e. each instrument is measured at fair value through profit or loss. When a contract has a main component outside the scope of IFRS 9, such as a lease agreement receivable or an insurance contract, or even a financial liability, embedded derivatives are treated as separate financial instruments if: • Their characteristics and economic risks are not closely related to those of the main component. • The separate instrument meets the definition of a derivative. • The underlying instrument is not booked at fair value through profit or loss. These embedded derivatives are accounted for separately at fair value, with variations recognized in the Consolidated Statement of Income as Adjustments to Fair Value of Financial Assets and Liabilities. ITAÚ UNIBANCO HOLDING will continue applying all the hedge accounting requirements of IAS 39; however, it may adopt the provisions of IFRS 9, if Management so decides. According to this standard, derivatives may be designated and qualified as hedging instruments for accounting purposes and, the method for recognizing gains or losses of fair value will depending on the nature of the hedged item. At the beginning of a hedging transaction, ITAÚ UNIBANCO HOLDING documents the relationship between the hedging instrument and the hedged items, as well as its risk management objective and strategy. The hedge is assessed on an ongoing basis to determine if it has been highly effective throughout all periods of the Financial Statements for which it was designated. IAS 39 describes three hedging strategies: fair value hedge, cash flow hedge, and hedge of net investments in a foreign operation. ITAÚ UNIBANCO HOLDING uses derivatives as hedging instruments under all three hedge strategies, as detailed in Note 7. Fair value hedge The following practices are adopted for these operations: • The gain or loss arising from the remeasurement of the hedging instrument at fair value is recognized in income. • The gain or loss arising from the hedged item, attributable to the effective portion of the hedged risk, is applied to the book value of the hedged item and is also recognized in income. When a derivative expires or is sold or a hedge no longer meets the hedge accounting criteria or in the event the designation is revoked, the hedge accounting must be prospectively discontinued. In addition, any adjustment to the book value of the hedged item must be amortized in income. Cash flow hedge For derivatives that are designated and qualify as hedging instruments in a cash flow hedge, the practices are: • The effective portion of gains or losses on derivatives is recognized directly in Other comprehensive income – Cash flow hedge. • The portion of gain or loss on derivatives that represe |
Business development
Business development | 12 Months Ended |
Dec. 31, 2022 | |
Business Development | |
Business development | Note 3 - Business development Itaú CorpBanca Colombia S.A. ITAÚ UNIBANCO HOLDING, through its subsidiaries Itaú CorpBanca (ITAÚ CORPBANCA) and Itaú Holding Colombia S.A.S., acquired additional ownership interest of 12.36 93,306,684 2,219 The effective acquisitions and financial settlements occurred on February 22, 2022, after obtaining the regulatory authorizations. Non-controlling interest in XP Inc. During 2020 and 2021, ITAÚ UNIBANCO HOLDING carried out the partial spin-off of the investment held in XP Inc. (XP INC) to a new company (XPart S.A.) which was subsequently merged into XP INC on October 1, 2021. On April 29, 2022, as set forth in the original agreement entered into in May 2017 and after approval by BACEN and regulatory bodies abroad, ITAÚ UNIBANCO HOLDING, through its subsidiary ITB Holding Brasil Participações Ltda., acquired a minority interest equivalent to 11.36 8,015 On June 7 and 9, 2022, shares were sold equivalent to 1.40 867 901 Itaú CorpBanca ITAÚ CORPBANCA is controlled as of April 1 st At the Extraordinary Stockholders' Meeting of ITAÚ CORPBANCA held on July 13, 2021, the capital increase of Itaú CorpBanca in the total amount of CLP 830 461,111,111,111 350,048,242,004 630 56.60 On March 22, 2022, ITAÚ UNIBANCO HOLDING, through its subsidiary CGB II SPA, sold 0.64 6,266,019,265 64 55.96 On July 14, 2022, ITAÚ UNIBANCO HOLDING received, through its affiliates, shares issued by ITAÚ CORPBANCA within the scope of the debt restructuring of companies of the Corp Group, as approved by the court-supervised reorganization proceeding in the United States (Chapter 11). Accordingly, the equity interest increased to 65.62 |
Interbank deposits and securiti
Interbank deposits and securities purchased under agreements to resell | 12 Months Ended |
Dec. 31, 2022 | |
Interbank Deposits And Securities Purchased Under Agreements To Resell | |
Interbank deposits and securities purchased under agreements to resell | Note 4 - Interbank deposits and securities purchased under agreements to resell Summary of Interbank Deposits and Securities Purchased Under Agreements to Resell 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Securities purchased under agreements to resell (1) 221,726 50 221,776 168,937 774 169,711 Collateral held 69,870 50 69,920 54,187 774 54,961 Collateral repledge 128,542 - 128,542 103,968 - 103,968 Assets received as collateral with right to sell or repledge 14,846 - 14,846 22,139 - 22,139 Assets received as collateral without right to sell or repledge 113,696 - 113,696 81,829 - 81,829 Collateral sold 23,314 - 23,314 10,782 - 10,782 Interbank deposits 56,672 2,914 59,586 64,049 5,885 69,934 Total (2) 278,398 2,964 281,362 232,986 6,659 239,645 1) The amounts of R$ 14,576 9,266 151,856 114,750 2) Includes losses in the amounts of R$ (9) (15) |
Financial assets at fair value
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities | 12 Months Ended |
Dec. 31, 2022 | |
Financial Assets At Fair Value Through Profit Or Loss And Designated At Fair Value Through Profit Or Loss - Securities | |
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities | Note 5 - Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities a) Financial assets at fair value through profit or loss - Securities Summary of Financial Assets at Fair Value Through Profit or Loss 12/31/2022 12/31/2021 Cost Adjustments to Fair Value (in Income) Fair value Cost Adjustments to Fair Value (in Income) Fair value Investment funds 33,011 (520) 32,491 20,130 9 20,139 Brazilian government securities (1) 230,924 (572) 230,352 223,529 (1,774) 221,755 Government securities – abroad (1) 8,007 10 8,017 5,581 (20) 5,561 Argentina 669 4 673 901 29 930 Chile 1,648 (1) 1,647 839 (2) 837 Colombia 844 6 850 1,071 (12) 1,059 United States 612 (2) 610 2,706 (35) 2,671 Israel 852 8 860 - - - Mexico 15 (2) 13 19 - 19 Paraguay 40 - 40 10 - 10 Peru 7 (1) 6 8 - 8 Switzerland 3,059 (1) 3,058 - - - Uruguay 261 (1) 260 27 - 27 Corporate securities (1) 117,572 (4,893) 112,679 116,346 (1,878) 114,468 Shares 16,931 (1,394) 15,537 20,293 (936) 19,357 Rural product note 2,484 33 2,517 6,752 100 6,852 Bank deposit certificates 360 - 360 150 - 150 Real estate receivables certificates 1,580 (100) 1,480 1,075 (63) 1,012 Debentures 66,223 (3,281) 62,942 66,730 (942) 65,788 Eurobonds and other 4,499 (126) 4,373 5,293 (40) 5,253 Financial bills 19,409 (31) 19,378 10,128 (17) 10,111 Promissory and commercial notes 3,888 12 3,900 4,655 29 4,684 Other 2,198 (6) 2,192 1,270 (9) 1,261 Total 389,514 (5,975) 383,539 365,586 (3,663) 361,923 1) Financial assets at fair value through profit or loss – Securities pledged as Guarantee of Funding of Financial Institutions and Customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 45,746 50,116 317 171 14,199 15,984 60,262 66,271 Summary of Cost and Fair Value of Financial Assets Held for Trading by Maturity The cost and fair value per maturity of Financial Assets at Fair Value Through Profit or Loss - Securities were as follows: 12/31/2022 12/31/2021 Cost Fair value Cost Fair value Current 147,563 145,722 78,151 77,057 Non-stated maturity 39,137 37,223 33,781 32,853 Up to one year 108,426 108,499 44,370 44,204 Non-current 241,951 237,817 287,435 284,866 From one to five years 170,372 169,113 212,424 211,325 From five to ten years 49,186 47,916 51,434 50,688 After ten years 22,393 20,788 23,577 22,853 Total 389,514 383,539 365,586 361,923 Financial Assets at Fair Value Through Profit or Loss - Securities include assets with a fair value of R$ 216,467 197,648 b) Financial assets designated at fair value through profit or loss - Securities Summary of Financial Assets Designated at Fair Value Through Profit or Loss 12/31/2022 Cost Adjustments to Fair Value (in Income) Fair value Brazilian government securities 1,505 55 1,560 Total 1,505 55 1,560 12/31/2021 Cost Adjustments to Fair Value (in Income) Fair value Brazilian external debt bonds 3,075 (31) 3,044 Total 3,075 (31) 3,044 The cost and fair value by maturity of financial assets designated as fair value through profit or loss - Securities were as follows: 01/01/2022 12/31/2022 12/31/2021 01/01/2021 Cost Fair Value Cost Fair Value Current 1,505 1,560 1,474 1,458 Up to one year 1,505 1,560 1,474 1,458 Non-current - - 1,601 1,586 From one to five years - - 1,601 1,586 Total 1,505 1,560 3,075 3,044 |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2022 | |
Derivatives Abstract | |
Derivatives | Note 6 - Derivatives ITAÚ UNIBANCO HOLDING trades in derivative financial instruments with various counterparties to manage its overall exposures and to assist its customers in managing their own exposures. Futures - Forwards - Swaps - Options - Credit Derivatives - The total value of margins pledged in guarantee by ITAÚ UNIBANCO HOLDING was R$ 12,155 11,011 Further information on parameters used to management risks, may be found in Note 32 – Risk and Capital Management. a) Derivatives Summary See below the composition of the Derivative financial instruments portfolio (assets and liabilities) by type of instrument, stated fair value and maturity date. Schedule of Composition of Derivative Financial Instruments Portfolio 12/31/2022 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Assets Swaps – adjustment receivable 46,902 59.9 4,866 1,022 1,635 2,842 8,261 28,276 Option agreements 23,671 30.3 15,610 923 1,443 4,283 802 610 Forwards 601 0.8 460 74 58 3 - 6 Credit derivatives 492 0.6 3 - 10 9 9 461 NDF - Non Deliverable Forward 6,140 7.9 1,632 1,095 926 1,220 995 272 Other Derivative Financial Instruments 402 0.5 1 28 1 5 26 341 Total 78,208 100.0 22,572 3,142 4,073 8,362 10,093 29,966 % per maturity date 28.9 4.0 5.2 10.7 12.9 38.3 12/31/2022 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Liabilities Swaps – adjustment payable (39,068) 50.8 (2,835) (881) (1,241) (2,992) (7,344) (23,775) Option agreements (29,882) 38.9 (3,221) (2,973) (9,214) (12,900) (901) (673) Forwards (65) 0.1 (55) (5) - (5) - - Credit derivatives (604) 0.8 - - (2) (1) (7) (594) NDF - Non Deliverable Forward (6,626) 8.6 (1,672) (1,722) (863) (1,213) (707) (449) Other Derivative Financial Instruments (616) 0.8 (219) (37) (12) (53) (97) (198) Total (76,861) 100.0 (8,002) (5,618) (11,332) (17,164) (9,056) (25,689) % per maturity date 10.4 7.3 14.7 22.3 11.8 33.5 1) Comprises R$ 24 pegged to Libor. 12/31/2021 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Assets Swaps – adjustment receivable 38,014 55.0 1,820 370 837 2,596 7,341 25,050 Option agreements 21,252 30.8 10,599 3,515 3,788 1,913 683 754 Forwards 3,111 4.5 1,595 1,167 290 56 3 - Credit derivatives 242 0.4 - - 7 8 22 205 NDF - Non Deliverable Forward 5,943 8.6 1,193 1,207 1,109 1,053 752 629 Other Derivative Financial Instruments 483 0.7 285 2 - 6 25 165 Total 69,045 100.0 15,492 6,261 6,031 5,632 8,826 26,803 % per maturity date 22.4 9.1 8.7 8.2 12.8 38.8 12/31/2021 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Liabilities Swaps – adjustment payable (34,646) 54.9 (1,562) (638) (1,057) (2,275) (6,944) (22,170) Option agreements (22,547) 35.7 (4,086) (5,170) (7,479) (4,247) (786) (779) Forwards (762) 1.2 (762) - - - - - Credit derivatives (198) 0.3 - - (1) (1) (8) (188) NDF - Non Deliverable Forward (4,896) 7.7 (739) (1,256) (565) (1,097) (822) (417) Other Derivative Financial Instruments (155) 0.2 (4) (2) (6) (5) (36) (102) Total (63,204) 100.0 (7,153) (7,066) (9,108) (7,625) (8,596) (23,656) % per maturity date 11.3 11.2 14.4 12.1 13.6 37.4 b) Derivatives by index and Risk Factor Summary of the Composition of Derivatives by Index Off-balance sheet notional amount Balance sheet account receivable / (received) (payable) / paid Adjustment to fair value (in income / stockholders' equity) Fair value 12/31/2022 Future contracts 1,020,605 - - - Purchase commitments 418,886 - - - Shares 3,395 - - - Commodities 503 - - - Interest 385,229 - - - Foreign currency 29,759 - - - Commitments to sell 601,719 - - - Shares 11,702 - - - Commodities 3,896 - - - Interest 557,806 - - - Foreign currency 28,315 - - - Swap contracts 2,948 4,886 7,834 Asset position 1,571,025 22,396 24,506 46,902 Commodities 222 1 1 2 Interest 1,509,045 20,913 23,502 44,415 Foreign currency 61,758 1,482 1,003 2,485 Liability position 1,571,025 (19,448) (19,620) (39,068) Shares 1,604 (180) 59 (121) Commodities 609 (5) 1 (4) Interest 1,491,476 (18,130) (18,487) (36,617) Foreign currency 77,336 (1,133) (1,193) (2,326) Option contracts 1,352,201 (5,960) (251) (6,211) Purchase commitments – long position 267,199 3,071 (665) 2,406 Shares 131,529 1,786 (131) 1,655 Commodities 2,347 43 (7) 36 Interest 93,795 156 4 160 Foreign currency 39,528 1,086 (531) 555 Commitments to sell – long position 419,044 20,238 1,027 21,265 Shares 138,899 19,592 1,094 20,686 Commodities 904 18 (6) 12 Interest 256,483 51 6 57 Foreign currency 22,758 577 (67) 510 Purchase commitments – short position 223,496 (7,997) 444 (7,553) Shares 131,361 (4,448) 155 (4,293) Commodities 2,000 (15) 5 (10) Interest 64,256 (181) (5) (186) Foreign currency 25,879 (3,353) 289 (3,064) Commitments to sell – short position 442,462 (21,272) (1,057) (22,329) Shares 137,322 (17,467) (1,087) (18,554) Commodities 963 (32) 10 (22) Interest 270,585 (66) (13) (79) Foreign currency 33,592 (3,707) 33 (3,674) Forward operations 4,755 549 (13) 536 Purchases receivable 187 452 (4) 448 Shares 157 157 (5) 152 Interest 30 295 1 296 Purchases payable obligations - (30) - (30) Interest - (30) - (30) Sales receivable 3,901 153 - 153 Shares 126 124 - 124 Commodities 6 6 - 6 Interest - 23 - 23 Foreign currency 3,769 - - - Sales deliverable obligations 667 (26) (9) (35) Interest 23 (26) 1 (25) Foreign currency 644 - (10) (10) Credit derivatives 43,808 (101) (11) (112) Asset position 28,724 542 (50) 492 Shares 2,192 71 15 86 Interest 26,532 471 (65) 406 Liability position 15,084 (643) 39 (604) Shares 2,846 (58) (58) (116) Interest 12,238 (585) 97 (488) NDF - Non Deliverable Forward 326,100 (936) 450 (486) Asset position 162,554 5,808 332 6,140 Shares 2,943 343 (2) 341 Foreign currency 159,611 5,465 334 5,799 Liability position 163,546 (6,744) 118 (6,626) Commodities 867 (81) (4) (85) Foreign currency 162,679 (6,663) 122 (6,541) Other derivative financial instruments 8,170 44 (258) (214) Asset position 7,261 255 147 402 Shares 1,096 - 61 61 Commodities 72 - 1 1 Interest 6,093 255 85 340 Liability position 909 (211) (405) (616) Shares 467 (1) (4) (5) Commodities 47 (6) (1) (7) Interest 301 (201) (15) (216) Foreign currency 94 (3) (385) (388) Asset 52,915 25,293 78,208 Liability (56,371) (20,490) (76,861) Total (3,456) 4,803 1,347 Summary of Derivative Contracts Maturity Derivative contracts mature as follows (in days): Off-balance sheet – notional amount (1) 0 - 30 31 - 180 181 - 365 Over 365 days 12/31/2022 Future contracts 227,878 423,571 216,999 152,157 1,020,605 Swap contracts 267,484 151,436 176,320 975,785 1,571,025 Option contracts 456,100 462,790 374,678 58,633 1,352,201 Forwards (onshore) 1,406 2,637 706 6 4,755 Credit derivatives 3,912 9,578 5,144 25,174 43,808 NDF - Non Deliverable Forward 116,901 111,325 55,411 42,463 326,100 Other derivative financial instruments 131 637 1,012 6,390 8,170 Summary of the Composition of Derivatives by Index Off-balance sheet notional amount Balance sheet account receivable / (received) (payable) / paid Adjustment to fair value (in income / stockholders' equity) Fair value 12/31/2021 Future contracts 857,781 - - - Purchase commitments 470,895 - - - Shares 14,627 - - - Commodities 703 - - - Interest 429,862 - - - Foreign currency 25,703 - - - Commitments to sell 386,886 - - - Shares 14,181 - - - Commodities 3,308 - - - Interest 342,575 - - - Foreign currency 26,822 - - - Swap contracts (1,861) 5,229 3,368 Asset position 1,338,457 13,410 24,604 38,014 Commodities 2 - - - Interest 1,318,082 10,339 23,835 34,174 Foreign currency 20,373 3,071 769 3,840 Liability position 1,338,457 (15,271) (19,375) (34,646) Shares 497 (37) (3) (40) Commodities 130 - (1) (1) Interest 1,309,778 (13,331) (19,377) (32,708) Foreign currency 28,052 (1,903) 6 (1,897) Option contracts 1,621,736 154 (1,449) (1,295) Purchase commitments – long position 145,412 17,981 1,496 19,477 Shares 11,929 521 1,140 1,661 Commodities 471 20 20 40 Interest 63,697 127 98 225 Foreign currency 69,315 17,313 238 17,551 Commitments to sell – long position 668,380 2,433 (658) 1,775 Shares 18,928 878 339 1,217 Commodities 306 9 (3) 6 Interest 582,086 154 (148) 6 Foreign currency 67,060 1,392 (846) 546 Purchase commitments – short position 79,734 (17,595) (2,781) (20,376) Shares 14,045 (348) (1,185) (1,533) Commodities 274 (8) (1) (9) Interest 3,284 (68) (48) (116) Foreign currency 62,131 (17,171) (1,547) (18,718) Commitments to sell – short position 728,210 (2,665) 494 (2,171) Shares 16,545 (648) (368) (1,016) Commodities 266 (19) 11 (8) Interest 642,475 (227) 211 (16) Foreign currency 68,924 (1,771) 640 (1,131) Forward operations 26,129 2,362 (13) 2,349 Purchases receivable 1,016 1,186 (27) 1,159 Shares 948 948 (27) 921 Interest 68 238 - 238 Purchases payable obligations - (68) - (68) Interest - (68) - (68) Sales receivable 20,765 1,938 14 1,952 Shares 1,258 1,244 (1) 1,243 Interest - 694 - 694 Foreign currency 19,507 - 15 15 Sales deliverable obligations 4,348 (694) - (694) Interest 694 (694) - (694) Foreign currency 3,654 - - - Credit derivatives 21,556 (532) 576 44 Asset position 13,414 (271) 513 242 Shares 1,784 (37) 101 64 Commodities 18 - - - Interest 11,612 (234) 412 178 Liability position 8,142 (261) 63 (198) Shares 1,865 (63) 17 (46) Interest 6,277 (198) 46 (152) NDF - Non Deliverable Forward 278,531 239 808 1,047 Asset position 144,123 5,256 687 5,943 Shares 5 - - - Commodities 2,489 478 (1) 477 Foreign currency 141,629 4,778 688 5,466 Liability position 134,408 (5,017) 121 (4,896) Commodities 1,104 (50) 3 (47) Foreign currency 133,304 (4,967) 118 (4,849) Other derivative financial instruments 6,064 25 303 328 Asset position 5,132 164 319 483 Shares 202 - 8 8 Interest 4,869 161 29 190 Foreign currency 61 3 282 285 Liability position 932 (139) (16) (155) Shares 576 (9) (12) (21) Interest 347 (130) (3) (133) Foreign currency 9 - (1) (1) Asset 42,097 26,948 69,045 Liability (41,710) (21,494) (63,204) Total 387 5,454 5,841 Summary of Derivative Contracts Maturity Derivative contracts mature as follows (in days): Off-balance sheet – notional amount (1) 0 - 30 31 - 180 181 - 365 Over 365 days 12/31/2021 Future contracts 370,243 248,922 74,456 164,160 857,781 Swap contracts 131,681 155,022 121,040 930,714 1,338,457 Option contracts 1,230,470 268,254 45,731 77,281 1,621,736 Forwards 3,173 13,402 9,551 3 26,129 Credit derivatives - 6,602 826 14,128 21,556 NDF - Non Deliverable Forward 77,962 113,359 48,091 39,119 278,531 Other derivative financial instruments 199 739 624 4,502 6,064 c) Derivatives by notional amount See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties. Schedule of Derivative Financial Instruments Portfolio by Type of Instrument 12/31/2022 Future contracts Swap contracts Option contracts Forwards Credit derivatives NDF - Non Deliverable Forward Other derivative financial instruments Stock exchange 1,020,604 991,559 1,255,056 4,696 17,806 70,562 - Over-the-counter market 1 579,466 97,145 59 26,002 255,538 8,170 Financial institutions - 465,917 52,177 53 26,002 117,077 5,938 Companies 1 105,076 43,949 6 - 137,091 2,227 Individuals - 8,473 1,019 - - 1,370 5 Total 1,020,605 1,571,025 1,352,201 4,755 43,808 326,100 8,170 12/31/2021 Future contracts Swap contracts Option contracts Forwards Credit derivatives NDF - Non Deliverable Forward Other derivative financial instruments Stock exchange 857,781 817,629 1,530,730 25,368 7,535 65,035 - Over-the-counter market - 520,828 91,006 761 14,021 213,496 6,064 Financial institutions - 413,651 57,540 761 14,021 76,415 4,861 Companies - 103,758 32,415 - - 136,270 1,200 Individuals - 3,419 1,051 - - 811 3 Total 857,781 1,338,457 1,621,736 26,129 21,556 278,531 6,064 d) Credit derivatives ITAÚ UNIBANCO HOLDING buys and sells credit protection in order to meet the needs of its customers, to manage and mitigate its portfolios' risk. CDS (credit default swap) is a credit derivative in which, upon a default related to the reference entity, the protection buyer is entitled to receive, the amount equivalent to the difference between the face value of the CDS contract and the fair value of the liability on the date the contract was settled, also known as the recovered amount. The protection buyer does not need to hold the reference entity's debt instrument in order to receive the amounts due when a credit event occurs, as per the terms of the CDS contract. TRS (total return swap) is a transaction in which a party swaps the total return of an asset or of a basket of assets for regular cash flows, usually interest and a guarantee against capital loss. In a TRS contract, the parties do not transfer the ownership of the assets. ITAÚ UNIBANCO HOLDING assesses the risk of a credit derivative based on the credit ratings attributed to the reference entity by independent credit rating agencies. Investment grade entities are those for which credit risk is rated as Baa3 or higher, as rated by Moody's, and BBB- or higher, by Standard & Poor’s and Fitch Ratings. Disclosure of Portfolio of Credit Derivatives 12/31/2022 Maximum potential of future payments, gross Up to 1 year From 1 to 3 years From 3 to 5 years Over 5 years By instrument CDS 18,156 2,534 6,368 9,176 78 TRS 16,000 16,000 - - - Total by instrument 34,156 18,534 6,368 9,176 78 By risk rating Investment grade 1,944 218 850 876 - Below investment grade 32,212 18,316 5,518 8,300 78 Total by risk 34,156 18,534 6,368 9,176 78 By reference entity Brazilian government 28,988 17,195 4,543 7,172 78 Governments – abroad 280 91 73 116 - Private entities 4,888 1,248 1,752 1,888 - Total by entity 34,156 18,534 6,368 9,176 78 12/31/2021 Maximum potential of future payments, gross Up to 1 year From 1 to 3 years From 3 to 5 years Over 5 years By instrument CDS 9,837 1,681 3,566 4,590 - TRS 5,610 5,610 - - - Total by instrument 15,447 7,291 3,566 4,590 - By risk rating Investment grade 516 194 253 69 - Below investment grade 14,931 7,097 3,313 4,521 - Total by risk 15,447 7,291 3,566 4,590 - By reference entity Brazilian government 11,882 6,144 1,792 3,946 - Governments – abroad 196 33 102 61 - Private entities 3,369 1,114 1,672 583 - Total by entity 15,447 7,291 3,566 4,590 - The following table presents the notional amount of credit derivatives purchased. The underlying amounts are identical to those for which ITAÚ UNIBANCO HOLDING has sold credit protection. Schedule of Notional Amount of Purchased Credit Derivatives 12/31/2022 Notional amount of credit protection sold Notional amount of credit protection purchased with identical underlying amount Net position CDS (18,156) 9,652 (8,504) TRS (16,000) - (16,000) Total (34,156) 9,652 (24,504) 12/31/2021 Notional amount of credit protection sold Notional amount of credit protection purchased with identical underlying amount Net position CDS (9,837) 6,109 (3,728) TRS (5,610) - (5,610) Total (15,447) 6,109 (9,338) e) Financial instruments subject to offsetting, enforceable master netting arrangements and similar agreements The following tables set forth the financial assets and liabilities that are subject to offsetting, enforceable master netting arrangements and similar agreements, as well as how these financial assets and liabilities have been presented in ITAÚ UNIBANCO HOLDING's consolidated financial statements. These tables also reflect the amounts of collateral pledged or received in relation to financial assets and liabilities subject to enforceable arrangements that have not been presented on a net basis in accordance with IAS 32. Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements: Schedule of Financial Assets subject to Offsetting, Enforceable Master Netting Arrangements and Similar Agreements 12/31/2022 Gross amount of recognized financial assets (1) Gross amount offset in the Balance Sheet Net amount of financial assets presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral received Securities purchased under agreements to resell 221,776 - 221,776 (3,930) - 217,846 Derivative financial instruments 78,208 - 78,208 (17,507) (1,005) 59,696 12/31/2021 Gross amount of recognized financial assets (1) Gross amount offset in the Balance Sheet Net amount of financial assets presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral received Securities purchased under agreements to resell 169,711 - 169,711 (3,649) - 166,062 Derivative financial instruments 69,045 - 69,045 (14,517) (217) 54,311 Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements: 12/31/2022 Gross amount of recognized financial liabilities (1) Gross amount offset in the Balance Sheet Net amount of financial liabilities presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral pledged Securities sold under repurchase agreements 293,440 - 293,440 (40,156) - 253,284 Derivative financial instruments 76,861 - 76,861 (17,507) - 59,354 12/31/2021 Gross amount of recognized financial liabilities (1) Gross amount offset in the Balance Sheet Net amount of financial liabilities presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral pledged Securities sold under repurchase agreements 252,848 - 252,848 (39,317) - 213,531 Derivative financial instruments 63,204 - 63,204 (14,517) - 48,687 1) Includes amounts of master offset agreements and other such agreements, both enforceable and unenforceable. 2) Limited to amounts subject to enforceable master offset agreements and other such agreements. 3) Includes amounts subject to enforceable master offset agreements and other such agreements, and guarantees in financial instruments. Financial assets and financial liabilities are offset in the balance sheet only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously. Derivative financial instruments and repurchased agreements not set off in the balance sheet relate to transactions in which there are enforceable master netting agreements or similar agreements, but the offset criteria have not been met in accordance with paragraph 42 of IAS 32 mainly because ITAÚ UNIBANCO HOLDING has no intention to settle on a net basis, or realize the asset and settle the liability simultaneously. |
Hedge accounting
Hedge accounting | 12 Months Ended |
Dec. 31, 2022 | |
Hedge Accounting | |
Hedge accounting | Note 7 - Hedge accounting There are three types of hedge relations: Fair value hedge, Cash flow hedge and Hedge of net investment in foreign operations. In hedge accounting, the groups of risk factors measured by ITAÚ UNIBANCO HOLDING are: • Interest Rate: Risk of loss in transactions subject to interest rate variations. • Currency: Risk of loss in transactions subject to foreign exchange variation. The structure of risk limits is extended to the risk factor level, where specific limits aim at improving the monitoring and understanding process, as well as avoiding concentration of these risks. The structures designed for interest rate and exchange rate categories take into account total risk when there are compatible hedging instruments. In certain cases, management may decide to hedge a risk for the risk factor term and limit of the hedging instrument. The other risk factors hedged by the institution are shown in Note 32. To protect cash flows and fair value of instruments designated as hedged items, ITAÚ UNIBANCO HOLDING uses derivative financial instruments and financial assets. Currently Futures Contracts, Options, NDF (Non Deliverable Forwards), Forwards, Swaps and Financial Assets are used. ITAÚ UNIBANCO HOLDING manages risks through the economic relationship between hedging instruments and hedged items, where the expectation is that these instruments will move in opposite directions and in the same proportion, with the purpose of neutralizing risk factors. The designated coverage ratio is always 100 a) Cash flow hedge The cash flow hedge strategies of ITAÚ UNIBANCO HOLDING consist of hedging exposure to variations in cash flows, in interest payment and currency exposure which are attributable to changes in interest rates on recognized and unrecognized assets and liabilities. ITAÚ UNIBANCO HOLDING applies cash flow hedge strategies as follows: Interest rate risks: • Hedge of time deposits and repurchase agreements: to hedge fluctuations in cash flows of interest payments resulting from changes in the DI interest rate, through futures contracts. • Hedge of asset transactions: to hedge fluctuations in cash flows of interest receipts resulting from changes in the DI rate, through futures contracts. • Hedge of assets denominated in UF*: to hedge fluctuations in cash flows of interest receipts resulting from changes in the UF*, through swap contracts. • Hedge of Funding: to hedge fluctuations in cash flows of interest payments resulting from changes in the TPM* rate, through swap contracts. • Hedge of loan operations: to hedge fluctuations in cash flows of interest receipts resulting from changes in the TPM* rate , • Hedge of repurchase agreements: to hedge fluctuations in cash flows of interest received from changes in Selic (benchmark interest rate), through futures contracts. • Hedging of expected highly probable transactions: to hedge the risk of variation in the amount of the commitments assumed when resulting from variation in the exchange rates. *UF – Chilean unit of account / TPM – Monetary policy rate ITAÚ UNIBANCO HOLDING does not use the qualitative method to evaluate the effectiveness or to measure the ineffectiveness of these strategies. For cash flow hedge strategies, ITAÚ UNIBANCO HOLDING uses the hypothetical derivative method. This method is based on a comparison of the change in the fair value of a hypothetical derivative with terms identical to the critical terms of the variable-rate liability, and this change in the fair value is considered a proxy of the present value of the cumulative change in the future cash flow expected for the hedged liability. Schedule of Each Strategy of Nominal Value and Fair Value Adjustments of Hedge Instruments and Book Value of Hedged Item 12/31/2022 Hedged item Hedge instrument Strategies Heading Book Value Variation in value recognized in Other comprehensive income Cash flow hedge reserve Notional Amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Interest rate risk Hedge of deposits and repurchase agreements Securities sold under agreements to resell - 149,300 1,169 1,169 149,210 1,222 Hedge of assets transactions Loans and lease operations and Securities 6,894 - (367) (367) 63,528 (367) Hedge of asset-backed securities under repurchase agreements Securities purchased under agreements to resell 52,916 - (1,508) (1,508) 50,848 (1,508) Hedge of loan operations Loans and lease operations 3,283 - (6) (6) 3,288 (6) Hedge of funding Deposits - 6,881 86 86 6,967 86 Hedge of assets denominated in UF Securities 7,871 - 16 16 7,853 16 Foreign exchange risk Hedge of highly probable forecast transactions - 343 4 191 343 4 Hedge of funding Deposits - 360 (1) (1) 359 (1) Total 70,964 156,884 (607) (420) 225,396 (554) 12/31/2021 Hedged item Hedge instrument Strategies Heading Book Value Variation in value recognized in Other comprehensive income Cash flow hedge reserve Notional Amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Interest rate risk Hedge of deposits and repurchase agreements Securities sold under agreements to resell - 39,142 1,065 1,065 39,136 1,072 Hedge of assets transactions Loans and lease operations and Securities 8,621 - (409) (409) 8,213 (409) Hedge of asset-backed securities under repurchase agreements Securities purchased under agreements to resell 40,526 - (1,686) (1,686) 39,962 (1,698) Hedge of loan operations Loans and lease operations 131 - - - 131 1 Hedge of funding Deposits - 5,749 30 30 5,779 30 Hedge of assets denominated in UF Securities 14,558 - (127) (127) 14,683 (127) Foreign exchange risk Hedge of highly probable forecast transactions 3,508 - 185 740 3,508 185 Total 67,344 44,891 (942) (387) 111,412 (946) For strategies of deposits and repurchase agreements to resell, asset transactions and asset-backed securities under repurchase agreements, the entity frequently reestablishes the coverage ratio, since both the hedged item and the instruments change over time. This occurs because they are portfolio strategies that reflect the risk management strategy guidelines approved in the proper authority level. The remaining balance in the reserve of cash flow hedge for which the hedge accounting is no longer applied is R$ 187 555 Summary of Hedge Accounting Hedge Instruments 12/31/2022 Notional amount Book Value (1) Variations in fair Variation in value Hedge ineffectiveness Amount reclassified from Assets Liabilities Interest rate risk Futures 206,586 31 27 (653) (706) 53 - Forward 10,037 136 646 11 11 - 1 Swaps 8,071 201 11 85 85 - - Foreign exchange risk Futures 249 2 - - - - 378 Forward 94 - 1 4 4 - - Swaps 359 54 - (1) (1) - - Total 225,396 424 685 (554) (607) 53 379 Hedge Instruments 12/31/2021 Notional amount Book Value (1) Variations in fair value used to calculate hedge ineffectiveness Variation in value recognized in Other comprehensive income Hedge ineffectiveness recognized in income Amount reclassified from Cash flow hedge reserve to income Assets Liabilities Interest rate risk Futures 87,311 58 24 (1,035) (1,030) (5) (13) Forward 16,830 118 593 (118) (118) - - Swaps 3,763 19 - 22 21 1 - Foreign exchange risk Futures 3,480 252 - 185 185 - - Forward 28 - - - - - - Total 111,412 447 617 (946) (942) (4) (13) b) Hedge of net investment in foreign operations ITAÚ UNIBANCO HOLDING's strategies for net investments in foreign operations consist of hedging the exposure in the functional currency of the foreign operation against the functional currency of head office. The risk hedged in this type of strategy is the currency risk. ITAÚ UNIBANCO HOLDING does not use the qualitative method to evaluate the effectiveness or to measure the ineffectiveness of these strategies. Instead, ITAÚ UNIBANCO HOLDING uses the Dollar Offset Method, which is based on a comparison of the change in fair value (cash flow) of the hedging instrument, attributable to changes in the exchange rate and the gain (loss) arising from variations in exchange rates on the amount of investment abroad designated as the object of the hedge. Summary of Hedge Accounting Strategies 12/31/2022 Hedged item Hedge instrument Book Value (2) Variation in value recognized in Other comprehensive income Foreign currency conversion reserve Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Foreign exchange risk Hedge of net investment in foreign operations (1) 8,983 - (14,836) (14,836) 9,933 (14,996) Total 8,983 - (14,836) (14,836) 9,933 (14,996) Strategies 12/31/2021 Hedged item Hedge instrument Book Value (2) Variation in value recognized in Other comprehensive income Foreign currency conversion reserve Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Foreign exchange risk Hedge of net investment in foreign operations (1) 11,325 - (14,701) (14,701) 15,924 (14,720) Total 11,325 - (14,701) (14,701) 15,924 (14,720) 1) Hedge instruments consider the gross tax position. In the period, the amount of R$ 7,049 11,752 (3,116) (5,265) Summary of Hedge Accounting Hedge instruments 12/31/2022 Notional amount Book Value (1) Variations in fair value used to calculate hedge ineffectiveness Variation in the value recognized in Other comprehensive income Hedge ineffectiveness recognized in income Amount reclassified from foreign currency conversion reserve into income Assets Liabilities Foreign exchange risk Future 1,673 - - (5,751) (5,710) (41) - Future / NDF - Non Deliverable Forward 5,186 176 126 (2,521) (2,411) (110) - Future / Financial Assets 3,074 4,380 1,839 (6,724) (6,715) (9) - Total 9,933 4,556 1,965 (14,996) (14,836) (160) - Hedge instruments 12/31/2021 Notional amount Book Value (1) Variations in fair value used to calculate hedge ineffectiveness Variation in the value recognized in Other comprehensive income Hedge ineffectiveness recognized in income Amount reclassified from foreign currency conversion reserve into income Assets Liabilities Foreign exchange risk Future 2,126 286 - (3,252) (3,241) (11) - Future / NDF - Non Deliverable Forward 8,036 209 95 (3,534) (3,529) (5) - Future / Financial Assets 5,762 6,566 3,653 (7,934) (7,931) (3) - Total 15,924 7,061 3,748 (14,720) (14,701) (19) - c) Fair value hedge The fair value hedging strategy of ITAÚ UNIBANCO HOLDING consists of hedging the exposure to variation in fair value on the receipt and payment of interest on recognized assets and liabilities. ITAÚ UNIBANCO HOLDING applies fair value hedges as follows: Interest rate risk: • To protect the risk of variation in the fair value of receipt and payment of interest resulting from variations in the fair value of the variable rates involved, by contracting swaps and futures. ITAÚ UNIBANCO HOLDING does not use the qualitative method to evaluate the effectiveness or to measure the ineffectiveness of these strategies. Instead, ITAÚ UNIBANCO HOLDING uses the percentage approach and dollar offset method: • The percentage approach is based on the calculation of change in the fair value of the revised estimate for the hedged position (hedged item) attributable to the protected risk versus the change in the fair value of the derivative hedging instrument. • The dollar offset method is based on the difference between the variation in the fair value of the hedging instrument and the variation in the fair value of the hedged item attributed to changes in the interest rate. The effects of hedge accounting on the financial position and performance of ITAÚ UNIBANCO HOLDING are presented below: Schedule of the Effect of Hedge Accounting on the Financial Position and Performance Strategies 12/31/2022 Hedge Item Hedge Instruments (2) Book Value (1) Fair Value Variation in fair value recognized in income Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Assets Liabilities Interest rate risk Hedge of loan operations 16,031 - 15,582 - (449) 16,031 448 Hedge of funding - 14,603 - 13,905 698 14,603 (703) Hedge of securities 7,363 - 7,134 - (229) 7,317 225 Total 23,394 14,603 22,716 13,905 20 37,951 (30) Strategies 12/31/2021 Hedge Item Hedge Instruments (2) Book Value (1) Fair Value Variation in fair value recognized in income Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Assets Liabilities Interest rate risk Hedge of loan operations 8,890 - 8,917 - 27 8,890 (28) Hedge of funding - 11,051 - 10,661 390 11,051 (388) Hedge of securities 3,162 - 3,128 - (34) 2,885 29 Total 12,052 11,051 12,045 10,661 383 22,826 (387) 1) Amounts recorded under heading Deposits, Securities, Funds from Interbank Markets and Loan and Lease Operations. 4,349 6,422 At 12/31/2021, the amount of R$ 8,001 125 For loan operations strategies, the entity reestablishes the coverage ratio, since both the hedged item and the instruments change over time. This occurs because they are portfolio strategies that reflect the risk management strategy guidelines approved in the proper authority level. Summary of Hedge Accounting Hedge Instruments 12/31/2022 Notional amount Book value (1) Variation in fair value used to calculate hedge ineffectiveness Hedge ineffectiveness recognized in income Assets Liabilities Interest rate risk Swaps 35,091 1,002 929 (49) (10) Futures 2,860 4 - 19 - Total 37,951 1,006 929 (30) (10) Hedge Instruments 12/31/2021 Notional amount Book value (1) Variation in fair value used to calculate hedge ineffectiveness Hedge ineffectiveness recognized in income Assets Liabilities Interest rate risk Swaps 22,826 2 551 (387) (4) Total 22,826 2 551 (387) (4) The table below presents, for each strategy, the notional amount and the fair value adjustments of hedge instruments and the book value of the hedged item: Schedule of Each Strategy of Nominal Value and Fair Value Adjustments of Hedge Instruments and Book Value of Hedged Item 12/31/2022 12/31/2021 Hedge instruments Hedged item Hedge instruments Hedged item Notional amount Fair value adjustments Book Value Notional amount Fair value adjustments Book Value Hedge of deposits and repurchase agreements 149,210 (27) 149,300 39,136 (24) 39,142 Hedge of highly probable forecast transactions 343 1 343 3,508 252 3,508 Hedge of net investment in foreign operations 9,933 2,591 8,983 15,924 3,313 11,325 Hedge of loan operations (Fair value) 16,031 820 16,031 8,890 (28) 8,890 Hedge of loan operations (Cash flow) 3,288 (11) 3,283 131 - 131 Hedge of funding (Fair value) 14,603 (762) 14,603 11,051 (388) 11,051 Hedge of funding (Cash flow) 7,326 391 7,241 5,779 137 5,749 Hedge of assets transactions 6,528 1 6,894 8,213 8 8,621 Hedge of asset-backed securities under repurchase agreements 50,848 30 52,916 39,962 50 40,526 Hedge of assets denominated in UF 7,853 (646) 7,871 14,683 (593) 14,558 Hedge of securities 7,317 19 7,363 2,885 29 3,162 Total 2,407 2,756 The table below shows the breakdown by maturity of the hedging strategies: Breakdown by Maturity of Hedging Strategies 12/31/2022 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and repurchase agreements 108,499 26,120 9,110 - 4,726 755 - 149,210 Hedge of highly probable forecast transactions 343 - - - - - - 343 Hedge of net investment in foreign operations (1) 9,933 - - - - - - 9,933 Hedge of loan operations (Fair value) 2,351 3,395 1,244 2,539 2,749 3,753 - 16,031 Hedge of loan operations (Cash flow) - 1,577 1,161 - 550 - - 3,288 Hedge of funding (Fair value) 1,673 885 1,288 3,091 579 4,981 2,106 14,603 Hedge of funding (Cash flow) 5,776 578 - 675 - 297 - 7,326 Hedge of assets transactions - 6,528 - - - - - 6,528 Hedge of asset-backed securities under repurchase agreements 16,696 9,705 22,740 1,085 622 - - 50,848 Hedge of assets denominated in UF 7,853 - - - - - - 7,853 Hedge of securities 3,215 660 1,547 180 346 673 696 7,317 Total 156,339 49,448 37,090 7,570 9,572 10,459 2,802 273,280 12/31/2021 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and repurchase agreements 1,284 9,453 14,221 7,313 5,332 1,533 - 39,136 Hedge of highly probable forecast transactions 3,508 - - - - - - 3,508 Hedge of net investment in foreign operations (1) 13,888 - - - - - - 13,888 Hedge of loan operations (Fair value) 3,377 1,522 797 838 809 1,547 - 8,890 Hedge of loan operations (Cash flow) 131 - - - - - - 131 Hedge of funding (Fair value) 1,206 1,072 302 273 2,920 3,916 1,362 11,051 Hedge of funding (Cash flow) 2,147 3,632 - - - - - 5,779 Hedge of assets transactions 2,198 - 6,015 - - - - 8,213 Hedge of asset-backed securities under repurchase agreements 2,322 14,963 8,976 13,098 - 603 - 39,962 Hedge of assets denominated in UF 10,148 4,535 - - - - - 14,683 Hedge of securities - 453 56 1,520 50 805 - 2,884 Total 40,209 35,630 30,367 23,042 9,111 8,404 1,362 148,125 1) Classified as current, since instruments are frequently renewed. |
Financial assets at fair valu_2
Financial assets at fair value through other comprehensive income - Securities | 12 Months Ended |
Dec. 31, 2022 | |
Financial Assets At Fair Value Through Other Comprehensive Income - Securities | |
Financial assets at fair value through other comprehensive income - Securities | Note 8 - Financial assets at fair value through other comprehensive income - Securities The fair value and corresponding gross carrying amount of Financial Assets at Fair Value through Other Comprehensive Income - Securities assets are as follows: Summary of Fair Value and Corresponding Gross Carrying Amount of Financial Assets at Fair Value Through Other Comprehensive Income- Securities Assets 12/31/2022 12/31/2021 Gross carrying amount Fair value adjustments (in stockholders' equity) Expected loss Fair value Gross carrying amount Fair value adjustments (in stockholders' equity) Expected loss Fair value Brazilian government securities (1) 73,554 (2,571) - 70,983 71,298 (1,656) - 69,642 Other government securities 36 - (36) - 36 - (36) - Government securities – abroad (1) 38,397 (486) (1) 37,910 30,507 (313) - 30,194 Argentina 2,791 (11) - 2,780 409 (4) - 405 Colombia 1,766 (284) - 1,482 1,942 (95) - 1,847 Chile 18,358 (129) - 18,229 19,885 (151) - 19,734 United States 9,104 (49) - 9,055 4,520 (2) - 4,518 Mexico 760 (3) - 757 1,028 (6) - 1,022 Paraguay 3,362 3 (1) 3,364 1,516 (57) - 1,459 Switzerland 1,356 (11) - 1,345 - - - - Uruguay 900 (2) - 898 1,207 2 - 1,209 Corporate securities (1) 16,027 (3,791) (77) 12,159 6,714 (880) (48) 5,786 Shares 8,571 (3,686) - 4,885 1,629 (886) - 743 Rural product note 373 18 (1) 390 - - - - Bank deposit certificates 714 - - 714 132 (1) - 131 Debentures 1,231 (3) (45) 1,183 392 3 (44) 351 Eurobonds and other 4,418 (112) (27) 4,279 4,498 1 (1) 4,498 Financial bills 13 - - 13 6 - - 6 Other 707 (8) (4) 695 57 3 (3) 57 Total 128,014 (6,848) (114) 121,052 108,555 (2,849) (84) 105,622 1) Financial assets at fair value through other comprehensive income - Securities pledged in guarantee of funding transactions of financial institutions and customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 50,918 43,560 6,662 2,385 720 778 58,300 46,723 The gross carrying amount and the fair value of financial assets through other comprehensive income - securities by maturity are as follows: Summary of Gross Carrying Amount and Fair Value of Financial Assets Through Other Comprehensive Income -Securities by Maturity 12/31/2022 12/31/2021 Gross carrying amount Fair value Gross carrying amount Fair value Current 59,191 55,405 27,398 26,428 Non-stated maturity 8,571 4,885 1,629 743 Up to one year 50,620 50,520 25,769 25,685 Non-current 68,823 65,647 81,157 79,194 From one to five years 48,593 47,249 64,034 63,256 From five to ten years 14,456 13,543 12,017 11,557 After ten years 5,774 4,855 5,106 4,381 Total 128,014 121,052 108,555 105,622 Equity instruments at fair value through other comprehensive income - securities are presented in the table below: Summary of Equity Instruments at Fair Value Through Other Comprehensive Income- Securities 12/31/2022 12/31/2021 Gross carrying amount Adjustments to fair value (in Stockholders' equity) Expected loss Fair value Gross carrying amount Adjustments to fair value (in Stockholders' equity) Expected loss Fair value Current Non-stated maturity Shares 8,571 (3,686) - 4,885 1,629 (886) - 743 Total 8,571 (3,686) - 4,885 1,629 (886) - 743 ITAÚ UNIBANCO HOLDING adopted the option of designating equity instruments at fair value through other comprehensive income due to the particularities of a certain market. In the period there was no receipt of dividends and there was reclassification of R$ (48.3) in Stockholders' equity, due to partial sale of XP INC shares (Note 3). Reconciliation of expected loss for Other financial assets, segregated by stages: Summary of Reconciliation of Expected Loss for Financial Assets at Fair Value Through Other Comprehensive Instrument- Securities, Segregated by Stages 01/01/2022 Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to stage 2 Transfer to stage 3 Cure from stage 2 Cure from stage 3 Expected loss 12/31/2021 12/31/2022 Financial assets at fair value through other comprehensive income (84) (14) (16) - - - - - (114) Brazilian government securities (36) - - - - - - - (36) Other (36) - - - - - - - (36) Government securities - abroad - - (1) - - - - - (1) Corporate securities (48) (14) (15) - - - - - (77) Rural product note - (1) - - - - - - (1) Debentures (44) (1) - - - - - - (45) Eurobonds and other (1) (13) (13) - - - - - (27) Other (3) 1 (2) - - - - - (4) Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to stage 2 Transfer to stage 3 Cure from stage 2 Cure from stage 3 Expected loss 12/31/2020 12/31/2021 Financial assets at fair value through other comprehensive income (93) 3 (2) 8 - - - - (84) Brazilian government securities (36) - - - - - - - (36) Other (36) - - - - - - - (36) Government securities - abroad (1) 1 - - - - - - - Corporate securities (56) 2 (2) 8 - - - - (48) Debentures (44) - - - - - - - (44) Eurobonds and other (9) 2 (2) 8 - - - - (1) Other (3) - - - - - - - (3) |
Financial assets at amortized c
Financial assets at amortized cost - Securities | 12 Months Ended |
Dec. 31, 2022 | |
Financial Assets At Amortized Cost - Securities | |
Financial assets at amortized cost - Securities | Note 9 - Financial assets at amortized cost - Securities The Financial assets at amortized cost - Securities are as follows: Summary of Financial assets at Amortized Cost - Securities 12/31/2022 12/31/2021 Amortized Cost Expected Loss Net Amortized Cost Amortized Cost Expected Loss Net Amortized Cost Brazilian government securities (1) 91,810 (30) 91,780 68,045 (37) 68,008 Government securities – abroad 39,243 (11) 39,232 24,888 (7) 24,881 Colombia 820 (1) 819 925 (1) 924 Chile 4,805 - 4,805 828 - 828 Korea 10,365 (2) 10,363 5,604 - 5,604 Spain 9,924 (2) 9,922 6,132 (1) 6,131 Mexico 13,246 (6) 13,240 11,377 (5) 11,372 Paraguay 59 - 59 - - - Uruguay 24 - 24 22 - 22 Corporate securities (1) 88,262 (1,997) 86,265 54,813 (1,904) 52,909 Rural product note 26,129 (140) 25,989 5,906 (14) 5,892 Bank deposit certificates 98 - 98 110 (1) 109 Real estate receivables certificates 5,738 (4) 5,734 3,988 (1) 3,987 Debentures 47,785 (1,835) 45,950 39,403 (1,883) 37,520 Eurobonds and other 118 - 118 457 (2) 455 Financial bills 113 - 113 51 - 51 Promissory and commercial notes 7,363 (13) 7,350 4,219 (2) 4,217 Other 918 (5) 913 679 (1) 678 Total 219,315 (2,038) 217,277 147,746 (1,948) 145,798 1) Financial Assets at Amortized Cost – Securities Pledged as Collateral of Funding Transactions of Financial Institutions and Customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 23,639 12,570 12,718 11,358 36,357 23,928 On January 1, 2022, a new business model was created, classified as Amortized Cost, for capital management of a company in Chile (Itaú CorpBanca), in which Foreign Government Securities in the amount of R$ 5,069 On 12/31/2022, the fair value of reclassified assets would be R$ 4,780 82 The amortized cost of Financial assets at amortized cost - Securities by maturity is as follows: Summary of Amortized Cost of Financial Assets at Amortized Cost 12/31/2022 12/31/2021 Amortized Cost Net Amortized Cost Amortized Cost Net Amortized Cost Current 62,237 61,640 45,353 45,169 Up to one year 62,237 61,640 45,353 45,169 Non-current 157,078 155,637 102,393 100,629 From one to five years 108,445 107,906 70,924 69,965 From five to ten years 41,528 40,627 26,404 25,600 After ten years 7,105 7,104 5,065 5,064 Total 219,315 217,277 147,746 145,798 Reconciliation of expected loss to financial assets at amortized cost - securities, segregated by stages: Schedule of financial assets at amortized cost - securities Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to Stage 2 Transfer to Stage 3 Cure from Stage 2 Cure from Stage 3 Expected loss 12/31/2021 12/31/2021 Financial assets at amortized cost (74) (80) (149) 42 53 3 (3) - (208) Brazilian government securities (37) 7 - - - - - - (30) Government securities - abroad (7) 8 (18) 6 - - - - (11) Colombia (1) 1 (1) - - - - - (1) Korea - (2) - - - - - - (2) Spain (1) - (1) - - - - - (2) Mexico (5) 9 (16) 6 - - - - (6) Corporate securities (30) (95) (131) 36 53 3 (3) - (167) Rural product note (5) (65) (64) 8 21 3 (3) - (105) Bank deposit certificate (1) 1 - - - - - - - Real estate receivables certificates (1) 14 (19) 2 - - - - (4) Debentures (18) (42) (31) 15 32 - - - (44) Eurobond and other (2) - - 2 - - - - - Promissory and commercial notes (2) (1) (14) 4 - - - - (13) Other (1) (2) (3) 5 - - - - (1) Stage 2 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Expected loss 12/31/2021 12/31/2022 Financial assets at amortized cost (38) (136) (3) 104 3 9 (53) - (114) Corporate securities (38) (136) (3) 104 3 9 (53) - (114) Rural product note - (12) (3) - 3 9 (21) - (24) Debentures (38) (120) - 104 - - (32) - (86) Other - (4) - - - - - - (4) Stage 3 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Expected loss 12/31/2021 12/31/2022 Financial assets at amortized cost (1,836) (244) (27) 403 - - (3) (9) (1,716) Corporate securities (1,836) (244) (27) 403 - - (3) (9) (1,716) Rural product note (9) 7 (6) 9 - - (3) (9) (11) Debentures (1,827) (251) (21) 394 - - - - (1,705) Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to Stage 2 Transfer to Stage 3 Cure from Stage 2 Cure from Stage 3 Expected loss 12/31/2020 12/31/2021 Financial assets at amortized cost (185) 188 (147) 70 - - - - (74) Brazilian government securities (44) 7 - - - - - - (37) Government securities - abroad (14) 37 (36) 6 - - - - (7) Chile (1) 1 - - - - - - - Colombia - 4 (6) 1 - - - - (1) Korea (4) 7 (3) - - - - - - Spain (3) 6 (5) 1 - - - - (1) Mexico (6) 19 (22) 4 - - - - (5) Corporate securities (127) 144 (111) 64 - - - - (30) Rural product note (23) 39 (24) 3 - - - - (5) Bank deposit certificate - 1 (10) 8 - - - - (1) Real estate receivables certificates (8) 6 - 1 - - - - (1) Debentures (78) 74 (52) 38 - - - - (18) Eurobond and other (1) 8 (20) 11 - - - - (2) Promissory notes (10) 10 (5) 3 - - - - (2) Other (7) 6 - - - - - - (1) Stage 2 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Expected loss 12/31/2020 12/31/2021 Financial assets at amortized cost (53) 19 (20) 16 - - - - (38) Corporate securities (53) 19 (20) 16 - - - - (38) Rural product note (2) 2 - - - - - - - Real estate receivables certificates (4) - - 4 - - - - - Debentures (47) 17 (20) 12 - - - - (38) Stage 3 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Expected loss 12/31/2020 12/31/2021 Financial assets at amortized cost (2,827) 610 (51) 432 - - - - (1,836) Corporate securities (2,827) 610 (51) 432 - - - - (1,836) Rural product note - 6 (15) - - - - - (9) Debentures (2,827) 604 (36) 432 - - - - (1,827) |
Loan and lease operations
Loan and lease operations | 12 Months Ended |
Dec. 31, 2022 | |
Operations | |
Loan and lease operations | Note 10 - Loan and lease operations a) Composition of loans and lease operations portfolio Below is the composition of the carrying amount of loan operations and lease operations by type, sector of debtor, maturity and concentration: Summary of Composition of Carrying Amount of Loan Operations and Lease Operations by Type, Sector of Debtor, Maturity and Concentration Loans and lease operations by type 12/31/2022 12/31/2021 Individuals 400,103 332,536 Credit card 135,855 112,809 Personal loan 53,945 42,235 Payroll loans 73,633 63,416 Vehicles 31,606 29,621 Mortgage loans 105,064 84,455 Corporate 139,268 135,034 Micro / small and medium companies 164,896 149,970 Foreign loans - Latin America 205,155 205,050 Total loans and lease operations 909,422 822,590 Provision for Expected Loss (1) (52,324) (44,316) Total loans and lease operations, net of Expected Credit Loss 857,098 778,274 1) Comprises Expected Credit Loss for Financial Guarantees Pledged R$ ( 810 767 2,874 4,433 By maturity 12/31/2022 12/31/2021 Overdue as from 1 day 30,656 20,960 Falling due up to 3 months 247,233 211,329 Falling due from 3 months to 12 months 228,942 205,119 Falling due after 1 year 402,591 385,182 Total loans and lease operations 909,422 822,590 By concentration 12/31/2022 12/31/2021 Largest debtor 5,916 6,414 10 largest debtors 33,265 33,694 20 largest debtors 50,714 49,541 50 largest debtors 85,427 79,403 100 largest debtors 118,015 111,116 The breakdown of the loans and lease operations portfolio by debtor’s industry is described in Note 32, item 1.4.1 - By business sector. b) Gross Carrying Amount (Loan Portfolio) Reconciliation of gross portfolio of loans and lease operations, segregated by stages: Summary of Reconciliation of Gross Portfolio of Loan Operations and Lease Operations 01/01/2022 Stage 1 Balance at Transfer to Stage 2 (3) Transfer to Stage 3 (1) Cure from Stage 2 (3) Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 270,371 (65,771) (2,966) 29,153 61 - 74,362 305,210 Corporate 128,519 (626) (2,360) 1,098 137 - 6,437 133,205 Micro / Small and medium companies 124,555 (18,158) (1,600) 16,215 170 - 21,439 142,621 Foreign loans - Latin America 178,719 (7,720) (1,014) 2,426 19 - 10,086 182,516 Total 702,164 (92,275) (7,940) 48,892 387 - 112,324 763,552 Stage 2 Balance at Cure to Stage 1 (3) Transfer to Stage 3 Transfer from Stage 1 (3) Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 38,168 (29,153) (13,041) 65,771 1,392 - (3,498) 59,639 Corporate 1,600 (1,098) (173) 626 19 - (73) 901 Micro / Small and medium companies 16,749 (16,215) (4,310) 18,158 1,167 - (3,250) 12,299 Foreign loans - Latin America 13,389 (2,426) (3,388) 7,720 831 - (2,263) 13,863 Total 69,906 (48,892) (20,912) 92,275 3,409 - (9,084) 86,702 Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 23,997 (61) (1,392) 2,966 13,041 (13,876) 10,579 35,254 Corporate 4,915 (137) (19) 2,360 173 (822) (1,308) 5,162 Micro / Small and medium companies 8,666 (170) (1,167) 1,600 4,310 (3,661) 398 9,976 Foreign loans - Latin America 12,942 (19) (831) 1,014 3,388 (1,783) (5,935) 8,776 Total 50,520 (387) (3,409) 7,940 20,912 (20,142) 3,734 59,168 Consolidated 3 Stages Balance at Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 332,536 (13,876) 81,443 400,103 Corporate 135,034 (822) 5,056 139,268 Micro / Small and medium companies 149,970 (3,661) 18,587 164,896 Foreign loans - Latin America 205,050 (1,783) 1,888 205,155 Total (2) 822,590 (20,142) 106,974 909,422 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part there of have first gone through stage 2. 2) Comprises R$ 14,052 3) The change in the period of the parameter used to estimate the significant increase/reduction in credit risk caused an effect on the transfer from stage 1 to stage 2 in the amount of R$ 26,005 and in the transfer from stage 2 to 1 in the amount if R$ 27,155. Reconciliation of gross portfolio of loans and lease operations, segregated by stages: 01/01/2021 Stage 1 Balance at Transfer to Stage 2 Transfer to Stage 3 (1) Cure from Stage 2 Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 199,158 (30,578) (1,663) 12,788 - - 90,666 270,371 Corporate 123,665 (865) (109) 1,338 43 - 4,447 128,519 Micro / Small and medium companies 96,784 (14,019) (960) 9,630 146 - 32,974 124,555 Foreign loans - Latin America 167,601 (8,527) (929) 5,794 468 - 14,312 178,719 Total 587,208 (53,989) (3,661) 29,550 657 - 142,399 702,164 Stage 2 Balance at Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 30,793 (12,788) (7,207) 30,578 1,141 - (4,349) 38,168 Corporate 2,793 (1,338) (182) 865 20 - (558) 1,600 Micro / Small and medium companies 15,965 (9,630) (2,867) 14,019 742 - (1,480) 16,749 Foreign loans - Latin America 16,692 (5,794) (3,630) 8,527 959 - (3,365) 13,389 Total 66,243 (29,550) (13,886) 53,989 2,862 - (9,752) 69,906 Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 25,532 - (1,141) 1,663 7,207 (10,309) 1,045 23,997 Corporate 8,063 (43) (20) 109 182 (310) (3,066) 4,915 Micro / Small and medium companies 9,206 (146) (742) 960 2,867 (2,354) (1,125) 8,666 Foreign loans - Latin America 17,852 (468) (959) 929 3,630 (5,034) (3,008) 12,942 Total 60,653 (657) (2,862) 3,661 13,886 (18,007) (6,154) 50,520 Consolidated 3 Stages Balance at Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 255,483 (10,309) 87,362 332,536 Corporate 134,521 (310) 823 135,034 Micro / Small and medium companies 121,955 (2,354) 30,369 149,970 Foreign loans - Latin America 202,145 (5,034) 7,939 205,050 Total (2) 714,104 (18,007) 126,493 822,590 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2. 2) Comprises R$ 29,875 Modification of contractual cash flows The amortized cost of financial assets classified in stages 2 and stage 3, which had their contractual cash flows modified was R$ 1,949 (R$ 10,330 at 12/31/2021) before the modification, which gave rise to an effect on profit or loss of R$ 13 (R$ 5 from 01/01 to 12/31/2021). At 12/31/2022, the gross carrying amount of financial assets which had their contractual cash flows modified in the period and were transferred to stage 1 corresponds to R$ 601 (R$ 1,330 at 12/31/2021). c) Expected credit loss Reconciliation of expected credit loss of loans and lease operations, segregated by stages: Summary of Reconciliation of Expected Loan Losses for Loan Operations and Lease Operations 01/01/2022 Stage 1 Balance at Transfer to Stage 2 (3) Transfer to Stage 3 (1) Cure from Stage 2 (3) Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 Individuals (6,851) 2,045 222 (1,445) (3) - 618 (5,414) Corporate (413) 6 1 (127) (3) - 56 (480) Micro / Small and medium companies (1,812) 767 98 (806) (33) - 355 (1,431) Foreign loans - Latin America (2,373) 179 18 (91) (5) - (67) (2,339) Total (11,449) 2,997 339 (2,469) (44) - 962 (9,664) Stage 2 Balance at Cure to Stage 1 (3) Transfer to Stage 3 Transfer from Stage 1 (3) Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 Individuals (4,501) 1,445 4,648 (2,045) (122) - (5,072) (5,647) Corporate (865) 127 31 (6) (9) - 219 (503) Micro / Small and medium companies (1,556) 806 1,055 (767) (201) - (1,564) (2,227) Foreign loans - Latin America (1,353) 91 592 (179) (219) - (478) (1,546) Total (8,275) 2,469 6,326 (2,997) (551) - (6,895) (9,923) Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 Individuals (12,868) 3 122 (222) (4,648) 13,876 (15,483) (19,220) Corporate (3,529) 3 9 (1) (31) 822 (1,743) (4,470) Micro / Small and medium companies (4,023) 33 201 (98) (1,055) 3,661 (4,651) (5,932) Foreign loans - Latin America (4,172) 5 219 (18) (592) 1,783 (340) (3,115) Total (24,592) 44 551 (339) (6,326) 20,142 (22,217) (32,737) Consolidated 3 Stages Balance at Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 (2) Individuals (24,220) 13,876 (19,937) (30,281) Corporate (4,807) 822 (1,468) (5,453) Micro / Small and medium companies (7,391) 3,661 (5,860) (9,590) Foreign loans - Latin America (7,898) 1,783 (885) (7,000) Total (44,316) 20,142 (28,150) (52,324) 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2. 2) Comprises Expected Credit Loss for Financial Guarantees R$ (810) (R$ (767) at 12/31/2021) and Loan Commitments R$ (2,874) (R$ (4,433) at 12/31/2021). 3) Reflects the expected credit loss arising from the change in the period of the parameter used to estimate the significant increase/decrease in credit risk. Reconciliation of expected credit loss of loans and lease operations, segregated by stages: 01/01/2021 Stage 1 Balance at Transfer to Stage 2 Transfer to Stage 3 (1) Cure from Stage 2 Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 Individuals (5,403) 1,435 203 (579) - - (2,507) (6,851) Corporate (740) 36 8 (132) (2) - 417 (413) Micro / Small and medium companies (1,273) 592 64 (464) (51) - (680) (1,812) Foreign loans - Latin America (2,389) 226 12 (179) (46) - 3 (2,373) Total (9,805) 2,289 287 (1,354) (99) - (2,767) (11,449) Stage 2 Balance at Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 Individuals (3,255) 579 2,639 (1,435) (79) - (2,950) (4,501) Corporate (1,261) 132 32 (36) (6) - 274 (865) Micro / Small and medium companies (1,337) 464 685 (592) (112) - (664) (1,556) Foreign loans - Latin America (2,029) 179 867 (226) (284) - 140 (1,353) Total (7,882) 1,354 4,223 (2,289) (481) - (3,200) (8,275) Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 Individuals (12,472) - 79 (203) (2,639) 10,309 (7,942) (12,868) Corporate (5,952) 2 6 (8) (32) 310 2,145 (3,529) Micro / Small and medium companies (3,759) 51 112 (64) (685) 2,354 (2,032) (4,023) Foreign loans - Latin America (8,452) 46 284 (12) (867) 5,034 (205) (4,172) Total (30,635) 99 481 (287) (4,223) 18,007 (8,034) (24,592) Consolidated 3 Stages Balance at Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 (2) Individuals (21,130) 10,309 (13,399) (24,220) Corporate (7,953) 310 2,836 (4,807) Micro / Small and medium companies (6,369) 2,354 (3,376) (7,391) Foreign loans - Latin America (12,870) 5,034 (62) (7,898) Total (48,322) 18,007 (14,001) (44,316) 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2. 2) Comprises Expected Credit Loss for Financial Guarantees R$ (767) (R$ (907) at 12/31/2020) and Loan Commitments R$ (4,433) (R$ (3,485) at 12/31/2020). d) Lease operations - Lessor Finance leases are composed of vehicles, machines, equipment and real estate in Brazil and abroad. The analysis of portfolio maturities is presented below: Summary of Analysis of Present Value of Minimum Future Payments Receivable From Finance Leases by Maturity 12/31/2022 12/31/2021 Payments receivable Future financial income Present value Payments receivable Future financial income Present value Current 2,273 (617) 1,656 2,365 (351) 2,014 Up to 1 year 2,273 (617) 1,656 2,365 (351) 2,014 Non-current 9,087 (2,894) 6,193 9,342 (2,743) 6,599 From 1 to 2 years 1,888 (596) 1,292 1,727 (456) 1,271 From 2 to 3 years 1,455 (449) 1,006 1,394 (369) 1,025 From 3 to 4 years 1,026 (339) 687 1,042 (296) 746 From 4 to 5 years 814 (271) 543 834 (251) 583 Over 5 years 3,904 (1,239) 2,665 4,345 (1,371) 2,974 Total 11,360 (3,511) 7,849 11,707 (3,094) 8,613 Financial lease revenues are composed of: Summary of finance lease income 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Financial income 901 742 645 Variable payments 7 10 40 Total 908 752 685 e) Operations of securitization or transfer and acquisition of financial assets ITAÚ UNIBANCO HOLDING carried out operations of securitization or transfer of financial assets in which there was retention of credit risks of financial assets transferred under co-obligation covenants. Thus, these credits are still recorded in the Balance Sheet and are represented as follows: Summary Securitization or Transfer of Financial Assets Nature of operation 12/31/2022 12/31/2021 Assets Liabilities (1) Assets Liabilities (1) Book value Fair value Book value Fair value Book value Fair value Book value Fair value Mortgage loan 170 168 170 168 235 235 235 234 Working capital 602 602 602 602 800 800 795 795 Total 772 770 772 770 1,035 1,035 1,030 1,029 1) Under Other liabilities. From 01/01 to 12/31/2022 operations of transfer of financial assets with no retention of risks and benefits generated impact on the result of R$ 513, net of the Allowance for Loan Losses (R$ 810 from 01/01 to 12/31/2021). |
Investments in associates and j
Investments in associates and joint ventures | 12 Months Ended |
Dec. 31, 2022 | |
Investments In Associates And Joint Ventures | |
Investments in associates and joint ventures | Note 11 - Investments in associates and joint ventures a) Non-material individual investments of ITAÚ UNIBANCO HOLDING Summary of Main Investments 12/31/2022 01/01 to 12/31/2022 Investment Equity in earnings Other comprehensive income Total Income Associates (1) 7,187 736 (15) 721 Joint ventures (2) 256 (64) - (64) Total 7,443 672 (15) 657 12/31/2021 01/01 to 12/31/2021 01/01 to 12/31/2020 Investment Equity in earnings Other comprehensive income Total Income Equity in earnings Associates (1) 5,891 1,238 (60) 1,178 1,556 Joint ventures (2) 230 (74) - (74) (157) Total 6,121 1,164 (60) 1,104 1,399 1) At 12/31/2022, this includes interest in total capital and voting capital of the following companies: Pravaler S.A. ( 51.94 41.97 52.64 42.37 42.93 42.93 49 49 15.71 16 19.64 20 31.42 29.24 25 25 80 49 80 49 28.05 28.95 28.05 2) At 12/31/2022, this includes interest in total and voting capital of the following companies: Olímpia Promoção e Serviços S.A. ( 50 50 50 50 |
Lease Operations - Lessee
Lease Operations - Lessee | 12 Months Ended |
Dec. 31, 2022 | |
Operations | |
Lease Operations - Lessee | Note 12 - Lease Operations - Lessee ITAÚ UNIBANCO HOLDING is the lessee mainly of properties for use in its operations, which include renewal options and restatement clauses. During the period ended 12/31/2022, total cash outflow with lease amounted to R$ 1,161 772 Total liabilities in accordance with remaining contractual maturities, considering their undiscounted flows, are presented below: Disclosure Details Of Lease Liabilities Undiscounted 12/31/2022 12/31/2021 Up to 3 months 283 304 3 months to 1 year 790 842 From 1 to 5 years 2,716 3,088 Over 5 years 930 1,980 Total Financial Liability 4,719 6,214 Lease amounts recognized in the Consolidated Statement of Income: Summary of Amounts Recognized in Statement of Net Income Loss 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Sublease revenues 26 16 8 Depreciation expenses (951) (1,279) (1,209) Interest expenses (414) (302) (227) Lease expenses for low value assets (102) (84) (87) Variable expenses not include in lease liabilities (58) (68) (66) Total (1,499) (1,717) (1,581) In the periods from 01/01 to 12/31/2022, from 01/01 to 12/31/2021 and from 01/01 to 12/31/2020, there was no |
Fixed assets
Fixed assets | 12 Months Ended |
Dec. 31, 2022 | |
Fixed Assets | |
Fixed assets | Note 13 - Fixed assets Summary of Fixed Assets Fixed assets (1) 12/31/2022 Anual depreciation rates Cost Depreciation Impairment Residual Real Estate 7,132 (3,835) (151) 3,146 Land - 1,199 - - 1,199 Buildings and Improvements 4 10 5,933 (3,835) (151) 1,947 Other fixed assets 16,254 (11,588) (45) 4,621 Installations and furniture 10 20 3,559 (2,655) (14) 890 Data processing systems 20 50 9,786 (7,659) (31) 2,096 Other (2) 10 20 2,909 (1,274) - 1,635 Total 23,386 (15,423) (196) 7,767 1) The contractual commitments for purchase of the fixed assets totaled R$ 3 2) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments. Fixed assets (1) 12/31/2021 Anual depreciation rates Cost Depreciation Impairment Residual Real Estate 7,372 (4,089) (110) 3,173 Land - 1,127 - - 1,127 Buildings and Improvements 4 10 6,245 (4,089) (110) 2,046 Other fixed assets 14,659 (10,832) (37) 3,790 Installations and furniture 10 20 3,312 (2,463) (10) 839 Data processing systems 20 50 9,094 (7,170) (27) 1,897 Other (2) 10 20 2,253 (1,199) - 1,054 Total 22,031 (14,921) (147) 6,963 1) The contractual commitments for purchase of the fixed assets totaled R$ 3 2) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments. |
Goodwill and Intangible assets
Goodwill and Intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill And Intangible Assets | |
Goodwill and Intangible assets | Note 14 - Goodwill and Intangible assets Summary of Intangible Assets Note Goodwill and intangible from acquisition Intangible assets Total Association for the promotion and offer of financial products and services Software acquired Internally developed software Other intangible assets (1) Annual amortization rates 8 20 20 10 20 Cost Balance at 12/31/2021 13,031 2,657 6,476 11,157 6,431 39,752 Acquisitions - - 519 4,208 1,041 5,768 Rescissions / disposals - - (23) (1) (480) (504) Exchange variation (600) (276) (339) - (41) (1,256) Other (3) - (15) (1,210) 724 683 182 Balance at 12/31/2022 12,431 2,366 5,423 16,088 7,634 43,942 Amortization Balance at 12/31/2021 - (1,374) (4,149) (4,220) (1,984) (11,727) Amortization expense (2) - (115) (517) (1,511) (1,200) (3,343) Rescissions / disposals - - 7 - 480 487 Exchange variation - 116 188 (3) 28 329 Other (3) - 16 734 (399) (490) (139) Balance at 12/31/2022 - (1,357) (3,737) (6,133) (3,166) (14,393) Impairment 2d VIII Balance at 12/31/2021 (5,209) (712) (171) (823) - (6,915) Increase - - - (1) - (1) Exchange variation 328 153 - - - 481 Balance at 12/31/2022 (4,881) (559) (171) (824) - (6,435) Book value Balance at 12/31/2022 7,550 450 1,515 9,131 4,468 23,114 1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits. 2) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ ( 1,202 860 3) Includes the total amount of R$ 61 Goodwill and Intangible Assets from Acquisition are mainly represented by Itaú CorpBanca’s goodwill in the amount of R$ 3,015 3,375 Note Goodwill and intangible from acquisition Intangible assets Total 31/12/2021 Association for the promotion and offer of financial products and services Software acquired Internally developed software Other intangible assets (1) Annual amortization rates 8 20 20 10 20 Cost 01/01/2021 Balance at 12/31/2020 13,959 2,822 6,484 7,664 3,274 34,203 Acquisitions (4) - 5 738 3,511 3,413 7,667 Rescissions / disposals (10) - (65) (13) (236) (324) Exchange variation (918) (155) (238) - (20) (1,331) Other (3,5) - (15) (443) (5) - (463) Balance at 12/31/2021 13,031 2,657 6,476 11,157 6,431 39,752 Amortization Balance at 12/31/2020 - (1,347) (3,680) (3,288) (1,410) (9,725) Amortization expense (2) - (109) (819) (942) (791) (2,661) Rescissions / disposals - - 28 10 214 252 Exchange variation - 68 125 - 3 196 Other (3,5) - 14 197 - - 211 Balance at 12/31/2021 - (1,374) (4,149) (4,220) (1,984) (11,727) Impairment 2d VIII Balance at 12/31/2020 (5,772) (789) (204) (383) - (7,148) Increase - - - (440) - (440) Disposals - - 33 - - 33 Exchange variation 563 77 - - - 640 Balance at 12/31/2021 (5,209) (712) (171) (823) - (6,915) Book value Balance at 12/31/2021 7,822 571 2,156 6,114 4,447 21,110 1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits. 860 594 34 2,422 327 |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2022 | |
Interbank Deposits And Securities Purchased Under Agreements To Resell | |
Deposits | Note 15 - Deposits Summary of Breakdown of Deposits 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Interest-bearing deposits 376,238 372,635 748,873 334,808 356,620 691,428 Savings deposits 179,764 - 179,764 190,601 - 190,601 Interbank deposits 4,821 73 4,894 3,490 286 3,776 Time deposits 191,653 372,562 564,215 140,717 356,334 497,051 Non-interest bearing deposits 122,565 - 122,565 158,944 - 158,944 Demand deposits 117,587 - 117,587 158,116 - 158,116 Other deposits 4,978 - 4,978 828 - 828 Total 498,803 372,635 871,438 493,752 356,620 850,372 |
Financial liabilities designate
Financial liabilities designated at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2022 | |
Financial Liabilities Designated At Fair Value Through Profit Or Loss | |
Financial liabilities designated at fair value through profit or loss | Note 16 - Financial liabilities designated at fair value through profit or loss Summary of Financial Liabilities Designated at Fair Value through Profit or Loss 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Structured notes Debt securities 2 62 64 16 98 114 Total 2 62 64 16 98 114 The effect of credit risk of these instruments is not significant at 12/31/2022 and 12/31/2021. Debt securities do not have a defined amount on maturity, since they vary according to market quotation and an exchange variation component, respectively. |
Securities sold under repurchas
Securities sold under repurchase agreements and interbank and institutional market funds | 12 Months Ended |
Dec. 31, 2022 | |
Securities Sold Under Repurchase Agreements And Interbank And Institutional Market Funds | |
Securities sold under repurchase agreements and interbank and institutional market funds | Note 17 - Securities sold under repurchase agreements and interbank and institutional market funds a) Securities sold under repurchase agreements The table below shows the breakdown of funds: Summary of securities sold under repurchase agreements Interest rate (p.a.) 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Assets pledged as collateral 90,700 119 90,819 94,899 81 94,980 Government securities 13.32 13.65 66,665 - 66,665 67,060 - 67,060 Corporate securities 45 90 22,562 - 22,562 25,676 - 25,676 Own issue 12.80 15.75 2 6 8 1 20 21 Foreign 0.88 60 1,471 113 1,584 2,162 61 2,223 Assets received as collateral 13.30 13.65 127,375 - 127,375 105,036 - 105,036 Right to sell or repledge the collateral 3.6 100 52,723 22,523 75,246 43,260 9,572 52,832 Total 270,798 22,642 293,440 243,195 9,653 252,848 b) Interbank market funds Summary of Interbank market debt Interest rate (p.a.) 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Financial bills 4.29 16.96 3,842 62,763 66,605 20,310 3,749 24,059 Real estate credit bills 4.44 15.28 24,274 3,843 28,117 3,628 7,035 10,663 Rural credit bills 4.22 13.72 26,547 9,736 36,283 4,342 9,359 13,701 Guaranteed real estate bills 4.85 100 4,908 45,667 50,575 1,623 29,375 30,998 Import and export financing 0 16.33 74,304 26,848 101,152 64,274 22,674 86,948 Onlending domestic 0 18 3,553 8,302 11,855 3,929 6,847 10,776 Total (1) 137,428 157,159 294,587 98,106 79,039 177,145 1) Comprises R$ 1,032 34,942 Funding for import and export financing represents credit facilities available for financing of imports and exports of Brazilian companies, in general denominated in foreign currency. c) Institutional market funds Summary of Institutional market debt Interest rate (p.a.) 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Subordinated debt LIB to 114% of SELIC 9,851 44,689 54,540 21,203 53,833 75,036 Foreign loans through securities 0.2% to 69.26% 10,333 60,188 70,521 6,560 56,283 62,843 Funding from structured operations certificates (1) 1.54% to 15.21% 547 3,774 4,321 143 614 757 Total 20,731 108,651 129,382 27,906 110,730 138,636 1) The fair value of Funding from structured operations certificates issued is R$ 4,949 790 d) Subordinated debt, including perpetual debts Summary of Subordinated debt, including perpetual debts Name of security / currency Principal amount (original currency) Issue Maturity Return p.a. 12/31/2022 12/31/2021 Subordinated financial bills - BRL 982 2012 2022 IPCA + 5.15% to 5.60% - 6,380 20 2012 2022 IGPM + 4.63% - 44 2,146 2019 Perpetual 114% of SELIC 2,249 2,187 935 2019 Perpetual SELIC + 1.17% to 1.19% 1,047 976 50 2019 2028 CDI + 0.72% 62 55 2,281 2019 2029 CDI + 0.75% 2,834 2,502 450 2020 2029 CDI + 1.85% 550 481 106 2020 2030 IPCA + 4.64% 138 125 1,556 2020 2030 CDI + 2% 1,907 1,664 5,488 2021 2031 CDI + 2% 6,478 5,651 1,005 2022 Perpetual CDI + 2.4% 1,041 - Total 16,306 20,065 Subordinated euronotes - USD 1,341 2012 2022 5.50% - 14,742 1,854 2012 2023 5.13% 9,735 10,432 1,244 2017 Perpetual 7.72% 6,516 6,997 750 2018 Perpetual 6.50% 3,985 4,262 750 2019 2029 4.50% 3,932 4,205 700 2020 Perpetual 4.63% 3,708 3,967 500 2021 2031 3.88% 2,623 2,804 200 2022 Perpetual 6.80% 3 - Total 30,502 47,409 Subordinated bonds - CLP 27,776 1997 2022 7.45% to 8.30% - 36 180,351 2008 2033 3.50% to 4.92% 1,476 1,423 97,962 2009 2035 4.75% 1,133 1,079 1,060,250 2010 2032 4.35% 112 106 1,060,250 2010 2035 3.90% to 3.96% 257 244 1,060,250 2010 2036 4.48% 1,225 1,160 1,060,250 2010 2038 3.93% 892 845 1,060,250 2010 2040 4.15% to 4.29% 687 651 1,060,250 2010 2042 4.45% 335 317 57,168 2014 2034 3.80% 438 414 Total 6,555 6,275 Subordinated bonds - COP 104,000 2013 2023 IPC + 2% 115 145 146,000 2013 2028 IPC + 2% 161 203 780,392 2014 2024 LIB 901 939 Total 1,177 1,287 Total 54,540 75,036 |
Other assets and liabilities
Other assets and liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Other Assets And Liabilities | |
Other assets and liabilities | Note 18 - Other assets and liabilities a) Other assets Summary of Other Assets Note 12/31/2022 12/31/2021 Financial 113,198 96,630 At amortized cost 111,823 96,473 Receivables from credit card issuers 65,852 53,968 Deposits in guarantee for contingent liabilities, provisions and legal obligations 29d 13,001 12,264 Trading and intermediation of securities 17,969 17,218 Income receivable 3,619 3,839 Operations without credit granting characteristics, net of provisions 7,900 4,720 Insurance and reinsurance operations 1,933 1,565 Net amount receivables from reimbursement of provisions 29c 899 888 Deposits in guarantee of fund raisings abroad 648 660 Foreign exchange portfolio - 1,213 Other 2 138 At fair value through profit or loss 1,375 157 Other financial assets 1,375 157 Non-financial 17,529 16,494 Sundry foreign 965 621 Prepaid expenses 6,358 5,243 Sundry domestic 3,689 2,868 Assets of post-employment benefit plans 26e 411 493 Lease right-of-use 3,863 5,046 Other 2,243 2,223 Current 111,538 93,604 Non-current 19,189 19,520 b) Other liabilities Summary of Other Liabilities Note 12/31/2022 12/31/2021 Financial 167,234 134,267 At amortized cost 166,651 134,106 Credit card operations 138,300 108,997 Trading and intermediation of securities 17,744 12,161 Foreign exchange portfolio 2,580 2,485 Finance leases 3,929 5,324 Other 4,098 5,139 At fair value through profit or loss 583 161 Other financial liabilities 583 161 Non-financial 48,044 42,130 Funds in transit 19,737 18,027 Charging and collection of taxes and similar 553 457 Social and statutory 10,375 7,853 Deferred income 2,737 3,278 Sundry domestic 4,730 3,183 Personnel provision 2,403 2,244 Provision for sundry payments 2,055 2,348 Obligations on official agreements and rendering of payment services 1,725 1,261 Liabilities from post-employment benefit plans 26e 2,320 2,209 Other 1,409 1,270 Current 206,029 167,789 Non-current 9,249 8,608 |
Stockholders_ equity
Stockholders’ equity | 12 Months Ended |
Dec. 31, 2022 | |
Stockholders Equity | |
Stockholders’ equity | Note 19 - Stockholders’ equity a) Capital Capital is represented by 9,804,135,348 4,958,290,359 4,845,844,989 The breakdown and change in shares of paid-in capital in the beginning and end of the period are shown below: Summary of Change in Shares of Paid-in Capital in the Beginnining and End of the Period 12/31/2022 Number Amount Common Preferred Total Residents in Brazil 12/31/2021 4,929,997,183 1,771,808,645 6,701,805,828 62,020 Residents abroad 12/31/2021 28,293,176 3,074,036,344 3,102,329,520 28,709 Shares of capital stock 12/31/2021 4,958,290,359 4,845,844,989 9,804,135,348 90,729 Shares of capital stock 12/31/2022 4,958,290,359 4,845,844,989 9,804,135,348 90,729 Residents in Brazil 12/31/2022 4,927,867,243 1,629,498,182 6,557,365,425 60,683 Residents abroad 12/31/2022 30,423,116 3,216,346,807 3,246,769,923 30,046 Treasury shares (1) 12/31/2021 - 24,244,725 24,244,725 (528) Result from delivery of treasury shares - (20,976,037) (20,976,037) 457 Treasury shares (1) 12/31/2022 - 3,268,688 3,268,688 (71) Number of total shares at the end of the period (2) 12/31/2022 4,958,290,359 4,842,576,301 9,800,866,660 Number of total shares at the end of the period (2) 12/31/2021 4,958,290,359 4,821,600,264 9,779,890,623 12/31/2021 Number Amount Common Preferred Total Residents in Brazil 12/31/2020 12/31/2020 4,929,824,281 1,820,159,657 6,749,983,938 66,885 Residents abroad 12/31/2020 12/31/2020 28,466,078 3,025,685,332 3,054,151,410 30,263 Shares of capital stock 12/31/2020 12/31/2020 4,958,290,359 4,845,844,989 9,804,135,348 97,148 Shares of capital stock 12/31/2021 12/31/2021 4,958,290,359 4,845,844,989 9,804,135,348 90,729 Residents in Brazil 12/31/2021 12/31/2021 4,929,997,183 1,771,808,645 6,701,805,828 62,020 Residents abroad 12/31/2021 12/31/2021 28,293,176 3,074,036,344 3,102,329,520 28,709 Treasury shares (1) 12/31/2020 12/31/2020 - 41,678,452 41,678,452 (907) Result from delivery of treasury shares - (17,433,727) (17,433,727) 379 Treasury shares (1) 12/31/2021 12/31/2021 - 24,244,725 24,244,725 (528) Number of total shares at the end of the period (2) 12/31/2021 12/31/2021 4,958,290,359 4,821,600,264 9,779,890,623 Number of total shares at the end of the period (2) 12/31/2020 12/31/2020 4,958,290,359 4,804,166,537 9,762,456,896 1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury, for subsequent cancellation or replacement in the market. 2) Shares representing total capital stock net of treasury shares. Below is the average cost of treasury shares and their market price in reais. In 2022 and 2021, there was no acquisition of treasury shares. Summary of Cost of Shares Purchased and Average Cost of Treasury Shares and Market Price Cost / market value 12/31/2022 12/31/2021 Common Preferred Common Preferred Average cost - 21.76 - 21.76 Market value on the last day of the base date 21.89 25.00 19.09 20.95 b) Dividends Shareholders are entitled to a mandatory minimum dividend in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws. Common and preferred shares participate equally in income distributed, after common shares have received dividends equal to the minimum annual priority dividend payable to preferred shares (R$ 0.022 non-cumulative per share). ITAÚ UNIBANCO HOLDING monthly advances the mandatory minimum dividend, using the share position of the last day of the previous month as the calculation basis, and the payment made on the first business day of the subsequent month in the amount of R$ 0.015 per share. I - Calculation of dividends and interest on capital Summary of Calculation of Dividends and Interest on Capital 12/31/2022 12/31/2021 12/31/2020 Statutory net income 29,695 26,236 18,961 Adjustments: (-) Legal reserve - 5% (1,485) (1,312) (948) Dividend calculation basis 28,210 24,924 18,013 Minimum mandatory dividend - 25% 7,053 6,231 4,503 Dividends and interest on capital paid / accrued 8,368 6,231 4,503 II - Stockholders' compensation Schedule of Stockholders' Compensation 12/31/2022 Gross value per share (R$) Value WHT (With holding tax) Net Paid / prepaid 4,906 (735) 4,171 Interest on capital - 11 monthly installments paid from February to December 2022 0.0150 1,902 (285) 1,617 Interest on capital - paid on 08/30/2022 0.2605 3,004 (450) 2,554 Accrued (Recorded in Other liabilities - Social and statutory) 4,938 (741) 4,197 Interest on capital - 1 monthly installment paid on 01/02/2023 0.0150 173 (26) 147 Interest on capital - credited on 12/08/2022 to be paid until 04/28/2023 0.4133 4,765 (715) 4,050 Total - 01/01 to 12/31/2022 9,844 (1,476) 8,368 12/31/2021 Gross value per share (R$) Value WHT (With holding tax) Net Paid / prepaid 4,179 (407) 3,772 Dividends - 10 monthly installments paid from February to November 2021 0.0150 1,466 - 1,466 Interest on capital - 1 monthly installment paid in December 2021 0.0150 173 (26) 147 Interest on capital - paid on 08/26/2021 0.2207 2,540 (381) 2,159 Accrued (Recorded in Other liabilities - Social and statutory) 2,894 (435) 2,459 Interest on capital - 1 monthly installment paid on 01/03/2022 0.0150 173 (26) 147 Interest on capital - credited on 11/26/2021 to be paid until 04/29/2022 0.2249 2,587 (388) 2,199 Interest on capital 0.0116 134 (21) 113 Total - 01/01 to 12/31/2021 7,073 (842) 6,231 12/31/2020 Gross value per share (R$) Value WHT (With holding tax) Net Paid / prepaid 2,127 (78) 2,049 Dividends - 11 monthly installments paid from February to December 2020 0.0150 1,610 - 1,610 Interest on capital - paid on 08/26/2020 0,0450 517 (78) 439 Accrued (Recorded in Other liabilities - Social and statutory) 2,861 (407) 2,454 Dividends - 1 monthly installment paid on 01/04/2021 0.0150 146 - 146 Interest on capital - credited on 12/17/2020 to be paid until 04/30/2021 0,0544 624 (93) 531 Interest on capital - credited on 01/28/2021 to be paid until 04/30/2021 0.0426 490 (74) 416 Dividends or Interest on capital 0.1394 1,601 (240) 1,361 Total - 01/01 to 12/31/2020 4,988 (485) 4,503 c) Capital reserves and profit reserves Summary of Capital reserves and profit reserves 12/31/2022 12/31/2021 12/31/2020 Capital reserves 2,480 2,250 2,326 Premium on subscription of shares 284 284 284 Share-based payment 2,192 1,962 2,038 Reserves from tax incentives, restatement of equity securities and other 4 4 4 Profit reserves 86,892 66,161 47,347 Legal (1) 15,071 13,586 12,274 Statutory (2,3) 71,821 52,575 35,073 Total reserves at parent company 89,372 68,411 49,673 1) Its purpose is to ensure the integrity of capital, compensate loss or increase capital. 2) Its main purpose is to ensure the yield flow to shareholders. 3) Includes R$ 288 d) Non-controlling interests Summary of Non-controlling Interests Stockholders’ equity Income 12/31/2022 12/31/2021 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Itaú CorpBanca 6,926 9,836 887 1,310 (4,135) Itaú CorpBanca Colombia S.A. 14 476 3 38 (15) Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento 769 666 123 131 164 Luizacred S.A. Soc. Cred. Financiamento Investimento 377 426 (50) 76 102 Other (1) 1,304 208 72 69 52 Total 9,390 11,612 1,035 1,624 (3,832) 1) As from 2022, in accordance with Regulatory Instruction No. 272 of 04/01/2022, it includes non-controlling minority of consolidated investments funds. |
Share-based payment
Share-based payment | 12 Months Ended |
Dec. 31, 2022 | |
Share-based Payment | |
Share-based payment | Note 20 - Share-based payment ITAÚ UNIBANCO HOLDING and its subsidiaries have share-based payment plans aimed at involving its management members and employees in the medium and long term corporate development process. The grant of these benefits is only made in years in which there are sufficient profits to permit the distribution of mandatory dividends, limiting dilution to 0.5 Expenses on share-based payment plans are presented in the table below: Summary of Expenses on Stock Based Payment Plans 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Partner plan (1) (180) (129) (241) Share-based plan (418) (381) (489) Total (598) (510) (730) 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., in October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. Payments occured in 2022 are reflected in Personnel Expenses - Compensation (Note 23). a) Partner plan The program enables employees and managers of ITAÚ UNIBANCO HOLDING to invest a percentage of their bonus to acquire shares and share-based instruments. There is a lockup period of from three to five years, counted from the initial investment date, and the shares are thus subject to market price variations. After complying with the preconditions outlined in the program, beneficiaries are entitled to receive shares as consideration, in accordance with the number of shares indicated in the regulations. The acquisition price of shares and share-based instruments is established every six months as the average of the share price over the last 30 days, which is performed on the seventh business day prior to the remuneration grant date. The fair value of the consideration in shares is the market price at the grant date, less expected dividends. Summary of Changes in Share-based Compensation Plan Change in the partner program 01/01 to 12/31/2022 01/01 to 12/31/2021 Quantity Quantity Opening balance (1) 36,943,996 36,291,760 New 21,395,758 14,583,318 Delivered (9,226,877) (11,652,700) Cancelled (859,065) (2,278,382) Closing balance 48,253,812 36,943,996 Weighted average of remaining contractual life (years) 2.21 1.80 Market value weighted average (R$) 22.22 16.71 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., as from October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. b) Variable compensation In this plan, part of the administrators variable remuneration is paid in cash and part in shares during a period of three years Management members become eligible for the receipt of these benefits according to individual performance, business performance or both. The benefit amount is established according to the activities of each management member who meets at least the performance and conduct requirements. The fair value of the share is the market price at its grant date. Summary of Changes in Share-based Compensation Plan Change in share-based variable compensation 01/01 to 12/31/2022 01/01 to 12/31/2021 Quantity Quantity Opening balance (1) 36,814,248 27,407,231 New 22,524,857 21,767,235 Delivered (14,263,138) (10,818,958) Cancelled (845,890) (1,541,260) Closing balance 44,230,077 36,814,248 Weighted average of remaining contractual life (years) 0.93 1.04 Market value weighted average (R$) 24.83 23.59 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A. (Note 3), as from October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. |
Interest and similar income and
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2022 | |
Interest And Similar Income And Expenses And Income Of Financial Assets And Liabilities At Fair Value Through Profit Or Loss | |
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss | Note 21 - Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss a) Interest and similar income Summary Interest and similar income 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Compulsory deposits in the Central Bank of Brazil 10,228 3,613 2,242 Interbank deposits 3,145 1,203 1,102 Securities purchased under agreements to resell 25,467 9,812 9,832 Financial assets at fair value through other comprehensive income 21,313 17,193 18,089 Financial assets at amortized cost 12,164 4,820 3,629 Loan operations 116,844 92,789 79,503 Other financial assets 1,112 (177) (28) Total 190,273 129,253 114,369 b) Interest and similar expense Summary of Interest and Similar Expense 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Deposits (52,358) (20,492) (17,478) Securities sold under repurchase agreements (28,399) (8,635) (10,690) Interbank market funds (22,878) (24,929) (28,878) Institutional market funds (12,757) (9,865) (8,400) Financial expense from technical provisions for insurance and private pension (21,981) (5,346) (8,121) Other (142) (38) 9 Total (138,515) (69,305) (73,558) c) Income of financial assets and liabilities at fair value through profit or loss Summary of Income of Financial Assets and Liabilities at Fair Value through Profit or Loss 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Securities 29,730 7,439 16,035 Derivatives (1) 3,477 9,716 (9,393) Financial assets designated at fair value through profit or loss 660 (483) (118) Other financial assets at fair value through profit or loss 1,800 838 - Financial liabilities at fair value through profit or loss (1,535) (843) (9) Financial liabilities designated at fair value 41 11 38 Total 34,173 16,678 6,553 1) Includes the ineffective derivatives portion related to hedge accounting. During the period ended 12/31/2022, ITAÚ UNIBANCO HOLDING derecognized/(recognized) R$ ( 120 1,127 30 10 90 1,117 |
Commissions and banking fees
Commissions and banking fees | 12 Months Ended |
Dec. 31, 2022 | |
Commissions And Banking Fees | |
Commissions and banking fees | Note 22 - Commissions and banking fees Schedule of Commissions and Banking fees 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Credit and debit cards 19,989 16,051 13,813 Current account services 7,528 7,803 8,002 Asset management 7,684 7,177 6,951 Funds 6,764 6,545 6,316 Consortia 920 632 635 Credit operations and financial guarantees provided 2,539 2,511 2,298 Credit operations 1,185 1,307 964 Financial guarantees provided 1,354 1,204 1,334 Collection services 1,971 2,020 1,897 Advisory services and brokerage 3,348 3,579 2,891 Custody services 617 605 573 Other 2,702 2,578 2,132 Total 46,378 42,324 38,557 |
General and administrative expe
General and administrative expenses | 12 Months Ended |
Dec. 31, 2022 | |
General And Administrative Expenses | |
General and administrative expenses | Note 23 - General and administrative expenses Summary of General and Administrative Expenses 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Personnel expenses (31,317) (28,245) (25,158) Compensation, Payroll charges, Welfare benefits, Provision for labor claims, Dismissals, Training and Other (1) (24,558) (22,273) (20,693) Employees’ profit sharing and Share-based payment (2) (6,759) (5,972) (4,465) Administrative expenses (17,954) (16,080) (16,904) Third-Party and Financial System Services, Security, Transportation and Travel expenses (7,873) (7,335) (7,224) Data processing and telecommunications (4,359) (3,953) (3,983) Installations and Materials (2,201) (2,142) (2,326) Advertising, promotions and publicity (2,003) (1,389) (1,095) Other (1,518) (1,261) (2,276) Depreciation and amortization (5,750) (5,548) (5,064) Other expenses (14,143) (12,676) (17,081) Selling - credit cards (6,183) (5,292) (4,391) Claims losses (1,143) (1,038) (778) Selling of non-financial products (365) - - Loss on sale of other assets, fixed assets and investments in associates and joint ventures (133) (119) (683) Provision for lawsuits civil (1,072) (1,041) (1,080) Provision for tax and social security lawsuits (607) 317 (191) Refund of interbank costs (354) (352) (270) Impairment (16) (440) (6,201) Other (4,270) (4,711) (3,487) Total (69,164) (62,549) (64,207) 1) Includes the effects of the Voluntary Severance Program. 2) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., in October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. Payments occured in 2022 are reflected in Share-based payment (Note 20). |
Taxes
Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Taxes | |
Taxes | Note 24 - Taxes ITAÚ UNIBANCO HOLDING and each one of its subsidiaries calculate separately, in each fiscal year, Income Tax and Social Contribution on Net Income. Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge. Summary of Calculation of Tax Rates Income tax 15.00 Additional income tax 10.00 Social contribution on net income (1) 21.00 1) Law No. 14,446/22 (conversion of Provisional Measure (MP) No. 1,115/22), published on September 05, 2022, sets forth the increase in the rate of Social contribution on net income which increased from 20 21 15 16 a) Expenses for taxes and contributions Breakdown of income tax and social contribution calculation on net income: Summary of Breakdown of Income Tax and Social Contribution Expense Due on operations for the period 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Income / (loss) before income tax and social contribution 37,533 42,231 5,230 Charges (income tax and social contribution) at the rates in effect (1) (17,048) (19,989) (2,354) Increase / decrease in income tax and social contribution charges arising from: Share of profit or (loss) of associates and joint ventures 954 821 384 Foreign exchange variation on investments abroad (52) 437 7,201 Interest on capital 4,449 2,889 2,765 Other nondeductible expenses net of non taxable income (2) 5,102 9,181 (16,651) Income tax and social contribution expenses (6,595) (6,661) (8,655) Related to temporary differences Increase / (reversal) for the period (201) (7,186) 18,489 (Expenses) / Income from deferred taxes (201) (7,186) 18,489 Total income tax and social contribution expenses (6,796) (13,847) 9,834 1) In 2022, it considers the current IRPJ and CSLL rate equal to 45% in the period from January to July and it is equal to 46% in the period from August to December. In 2021, the rate considered was equal to 45 50 2) Includes temporary (additions) and exclusions. b) Deferred taxes I - The deferred tax asset balance and its changes, segregated based on its origin and disbursements, are represented by: Summary of Deferred Tax Asset Balance and Respective Changes 01/01/2022 12/31/2021 Realization / Reversal Increase 12/31/2022 Reflected in income 52,989 (19,067) 21,397 55,319 Provision for expected loss 28,428 (7,622) 13,354 34,160 Related to tax losses and social contribution loss carryforwards 3,751 (1,518) 263 2,496 Provision for profit sharing 2,265 (2,265) 2,635 2,635 Provision for devaluation of securities with permanent impairment 998 (595) 409 812 Provisions 5,848 (1,699) 1,585 5,734 Civil lawsuits 1,257 (400) 373 1,230 Labor claims 3,175 (1,204) 1,039 3,010 Tax and social security lawsuits 1,416 (95) 173 1,494 Legal obligations 822 (379) 21 464 Adjustments of operations carried out on the futures settlement market - - 171 171 Adjustment to fair value of financial assets - At fair value through profit or loss 2,726 (2,726) 829 829 Provision relating to health insurance operations 362 - 22 384 Other 7,789 (2,263) 2,108 7,634 Reflected in stockholders’ equity 2,331 (1,249) 2,128 3,210 Adjustment to fair value of financial assets - At fair value through other comprehensive income 1,329 (1,127) 2,101 2,303 Cash flow hedge 461 (122) 3 342 Other 541 - 24 565 Total (1,2) 55,320 (20,316) 23,525 58,529 1) Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 51,469 and R$ 345, respectively. 2) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole. 01/01/2021 12/31/2020 Realization / Reversal Increase 12/31/2021 Reflected in income 60,248 (24,407) 17,148 52,989 Provision for expected loss 27,933 (6,274) 6,769 28,428 Related to tax losses and social contribution loss carryforwards 5,528 (1,952) 175 3,751 Provision for profit sharing 1,903 (1,903) 2,265 2,265 Provision for devaluation of securities with permanent impairment 1,570 (1,013) 441 998 Provisions 5,845 (1,923) 1,926 5,848 Civil lawsuits 1,331 (591) 517 1,257 Labor claims 3,056 (1,188) 1,307 3,175 Tax and social security lawsuits 1,458 (144) 102 1,416 Legal obligations 774 (36) 84 822 Adjustments of operations carried out on the futures settlement market 52 (52) - - Adjustment to fair value of financial assets - At fair value through profit or loss 8,315 (8,315) 2,726 2,726 Provision relating to health insurance operations 356 - 6 362 Other 7,972 (2,939) 2,756 7,789 Reflected in stockholders’ equity 1,375 (343) 1,299 2,331 Adjustment to fair value of financial assets - At fair value through other comprehensive income 60 (30) 1,299 1,329 Cash flow hedge 758 (297) - 461 Other 557 (16) - 541 Total (1,2) 61,623 (24,750) 18,447 55,320 1) Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 50,831 and R$ 280, respectively. 2) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole. II - The deferred tax liabilities balance and its changes are represented by: 01/01/2022 12/31/2021 Realization / reversal Increase 12/31/2022 Reflected in income 4,580 (592) 3,123 7,111 Depreciation in excess finance lease 137 - 4 141 Adjustment of deposits in guarantee and provisions 1,422 (156) 173 1,439 Post-employment benefits 6 (6) 17 17 Adjustments of operations carried out on the futures settlement market 237 (237) 42 42 Adjustment to fair value of financial assets - At fair value through profit or loss 71 (71) 1,554 1,554 Taxation of results abroad – capital gains 834 (104) 4 734 Other 1,873 (18) 1,329 3,184 Reflected in stockholders’ equity 189 (116) 221 294 Adjustment to fair value of financial assets - At fair value through other comprehensive income 182 (114) 221 289 Cash flow hedge 1 (1) - - Post-employment benefits 6 (1) - 5 Total (1) 4,769 (708) 3,344 7,405 1) Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 51,469 and R$ 345, respectively. 01/01/2021 12/31/2020 Realization / reversal Increase 12/31/2021 Reflected in income 4,853 (1,029) 756 4,580 Depreciation in excess finance lease 145 (8) - 137 Adjustment of deposits in guarantee and provisions 1,404 (21) 39 1,422 Post-employment benefits 180 (178) 4 6 Adjustments of operations carried out on the futures settlement market 452 (452) 237 237 Adjustment to fair value of financial assets - At fair value through profit or loss 136 (136) 71 71 Taxation of results abroad – capital gains 644 (7) 197 834 Other 1,892 (227) 208 1,873 Reflected in stockholders’ equity 608 (580) 161 189 Adjustment to fair value of financial assets - At fair value through other comprehensive income 601 (577) 158 182 Cash flow hedge 4 (3) - 1 Post-employment benefits 3 - 3 6 Total (1) 5,461 (1,609) 917 4,769 1) Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 50,831 280 III - The estimate of realization and present value of deferred tax assets and deferred tax liabilities are: Summary of Realization and Present Value of Tax Credits and From Provision for Deferred Income Tax and Social Contribution Deferred tax assets Deferred tax liabilities % Net deferred taxes % Year of realization Temporary differences % Tax loss / social contribution loss carryforwards % Total % 2023 13,634 24.3 1,473 59.0 15,107 25.8 (415) 5.6 14,692 28.7 2024 13,727 24.5 844 33.8 14,571 24.9 (354) 4.8 14,217 27.8 2025 6,142 11.0 142 5.7 6,284 10.7 (560) 7.6 5,724 11.2 2026 5,794 10.3 28 1.1 5,822 9.9 (186) 2.5 5,636 11.0 2027 6,071 10.8 6 0.2 6,077 10.4 (340) 4.6 5,737 11.2 After 2027 10,665 19.1 3 0.2 10,668 18.3 (5,550) 74.9 5,118 10.1 Total 56,033 100.0 2,496 100.0 58,529 100.0 (7,405) 100.0 51,124 100.0 Present value (1) 48,792 2,334 51,126 (5,594) 45,532 1) The average funding rate, net of tax effects, was used to determine the present value. Projections of future taxable income include estimates of macroeconomic variables, exchange rates, interest rates, volumes of financial operations and service fees and other factors, which can vary in relation to actual data and amounts. Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between accounting criteria and the tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented above are not considered as an indication of future net income. IV - Deferred tax assets not accounted At 12/31/2022, deferred tax assets not accounted for correspond to R$ 642 1,909 c) Tax liabilities Summary of Tax Liabilities Note 12/31/2022 12/31/2021 Taxes and contributions on income payable 2,950 2,450 Deferred tax liabilities 24b II 345 280 Other 3,443 3,516 Total 6,738 6,246 Current 5,974 5,788 Non-current 764 458 |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Earnings per share | Note 25 - Earnings per share a) Basic earnings per share Net income attributable to ITAÚ UNIBANCO HOLDING's shareholders is divided by the average number of outstanding shares in the period, excluding treasury shares. Summary of Earnings Per Share 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Net income attributable to owners of the parent company 29,702 26,760 18,896 Minimum non-cumulative dividends on preferred shares (106) (106) (106) Retained earnings to be distributed to common equity owners in an amount per share equal to the minimum dividend payable to preferred equity owners (109) (109) (109) Retained earnings to be distributed, on a pro rata basis, to common and preferred equity owners: Common 14,920 13,462 9,491 Preferred 14,567 13,083 9,190 Total net income available to equity owners Common 15,029 13,571 9,600 Preferred 14,673 13,189 9,296 Weighted average number of outstanding shares Common 4,958,290,359 4,958,290,359 4,958,290,359 Preferred 4,840,703,872 4,818,741,579 4,801,324,161 Basic earnings per share – R$ Common 3.03 2.74 1.94 Preferred 3.03 2.74 1.94 b) Diluted earnings per share Calculated similarly to the basic earnings per share; however, it includes the conversion of all preferred shares potentially dilutable in the denominator. Schedule of diluted earnings per share 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Net income available to preferred equity owners 14,673 13,189 9,296 Dividends on preferred shares after dilution effects 91 75 41 Net income available to preferred equity owners considering preferred shares after the dilution effect 14,764 13,264 9,337 Net income available to ordinary equity owners 15,029 13,571 9,600 Dividend on preferred shares after dilution effects (91) (75) (41) Net income available to ordinary equity owners considering preferred shares after the dilution effect 14,938 13,496 9,559 Adjusted weighted average of shares Common 4,958,290,359 4,958,290,359 4,958,290,359 Preferred 4,900,469,300 4,873,042,114 4,843,233,835 Preferred 4,840,703,872 4,818,741,579 4,801,324,161 Incremental as per share-based payment plans 59,765,428 54,300,535 41,909,674 Diluted earnings per share – R$ Common 3.01 2.72 1.93 Preferred 3.01 2.72 1.93 There was no |
Post-employment benefits
Post-employment benefits | 12 Months Ended |
Dec. 31, 2022 | |
Post-employment Benefits | |
Post-employment benefits | Note 26 - Post-employment benefits ITAÚ UNIBANCO HOLDING, through its subsidiaries, sponsors retirement plans for its employees. Retirement plans are managed by Closed-end Private Pension Entities (EFPC) and are closed to new applicants. These entities have an independent structure and manage their plans according to the characteristics of their regulations. There are three types of retirement plan: • Defined Benefit Plans (BD): plans which scheduled benefits have their value established in advance, based on salaries and/or length of service of employees, and its cost is actuarially determined. • Defined Contribution Plans (CD): are those plans which scheduled benefits have their value permanently adjusted to the investments balance, kept in favor of the participant, including in the benefit concession phase, considering net proceedings of its investment, amounts contributed and benefits paid. • Variable Contribution Plans (CV): in this type of plan, scheduled benefits present a combination of characteristics of defined contribution and defined benefit modalities, and the benefit is actuarially determined based on the investments balance accumulated by the participant on the retirement date. Below is a list of benefit plans and their modalities: Entity Benefit Plan Modality Fundação Itaú Unibanco – Previdência Complementar - FIU Supplementary Retirement Plan Defined Benefit Supplementary Retirement Plan – Flexible Premium Annuity Franprev Benefit Plan 002 Benefit Plan Prebeg Benefit Plan UBB PREV Defined Benefit Plan Benefit Plan II Itaulam Basic Plan Itaucard Defined Benefit Plan Itaú Unibanco Main Retirement Plan Itaubanco Defined Contribution Plan Defined Contribution Itaubank Retirement Plan Redecard Pension Plan Unibanco Pension Plan – Intelligent Future Variable Contribution Itaulam Supplementary Plan Itaucard Variable Contribution Plan Itaú Unibanco Supplementary Retirement Plan FUNBEP – Fundo de Pensão Multipatrocinado Benefit Plan l Defined Benefit Benefit Plan ll Variable Contribution Defined Contribution plans include pension funds consisting of the portions of sponsor’s contributions not included in a participant’s account balance due to loss of eligibility for the benefit, and of monies arising from the migration of retirement plans in defined benefit modality. These funds are used for future contributions to individual participants’ accounts, according to the respective benefit plan regulations. a) Main actuarial assumptions Actuarial assumptions of demographic and financial nature should reflect the best estimates about the variables that determine the post-employment benefit obligations. The most relevant demographic assumption comprise of mortality table and the most relevant financial assumptions include: discount rate and inflation. Summary of Main Assumptions Used in Actuarial Valuation of Retirement Plans 12/31/2022 12/31/2021 Mortality table (1) AT-2000 AT-2000 Discount rate (2) 10.34 9.46 Inflation (3) 4.00 4.00 Actuarial method Projected Unit Credit Projected Unit Credit 1) Correspond to those disclosed by SOA (Society of Actuaries), that reflect a 10 Retirement plans sponsored by foreign subsidiaries - Banco Itaú (Suisse) S.A., Itaú CorpBanca Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actuarial assumptions adequate to masses of participants and the economic scenario of each country. b) Risk management The EFPCs sponsored by ITAÚ UNIBANCO HOLDING are regulated by the National Council for Complementary Pension (CNPC) and PREVIC, has an Executive Board, Advisory and Tax Councils. Benefits offered have long-term characteristics and the main factors involved in the management and measurement of their risks are financial risk, inflation risk and demographic risk. • Financial risk • Inflation risk • Demographic risk - For purposes of registering in the balance sheet of the EFPCs that manage them, actuarial liabilities of plans use discount rate adherent to its asset portfolio and income and expense flows, according to a study prepared by an independent actuarial consulting company. The actuarial method used is the aggregate method, through which the plan costing is defined by the difference between its equity coverage and the current value of its future liabilities, observing the methodology established in the respective actuarial technical note. When deficit in the concession period above the legally defined limits is noted, debt agreements are entered into with the sponsor according to costing policies, which affect the future contributions of the plan, and a plan for solving such deficit is established respecting the guarantees set forth by the legislation in force. The plans that are in this situation are resolved through extraordinary contributions that affect the values of the future contribution of the plan. c) Asset management The purpose of the management of the funds is the long-term balance between pension assets and liabilities with payment of benefits by exceeding actuarial goals(discount rate plus benefit adjustment index, established in the plan regulations). Below is a table with the allocation of assets by category, segmented into Quoted in an active market and Not quoted in an active market: Summary of Allocation of Assets by Category Segmented into Quoted and Not Quoted in Active Market Types Fair value % Allocation 12/31/2022 12/31/2021 12/31/2022 12/31/2021 Fixed income securities 20,684 19,904 94.4 90.8 Quoted in an active market 20,102 19,508 91.7 89.0 Non quoted in an active market 582 396 2.7 1.8 Variable income securities 515 1,323 2.3 6.1 Quoted in an active market 508 1,312 2.3 6.0 Non quoted in an active market 7 11 - 0.1 Structured investments 138 150 0.6 0.7 Non quoted in an active market 138 150 0.6 0.7 Real estate 527 462 2.4 2.1 Loans to participants 69 73 0.3 0.3 Total 21,933 21,912 100.0 100.0 The defined benefit plan assets include shares of ITAÚ UNIBANCO HOLDING, its main parent company (ITAÚSA) and of subsidiaries of the latter, with a fair value of R$ 1 (R$ 11 at 12/31/2021), and real estate rented to group companies, with a fair value of R$ 420 (R$ 374 at 12/31/2021). d) Other post-employment benefits ITAÚ UNIBANCO HOLDING and its subsidiaries do not have additional liabilities related to post-employment benefits, except in cases arising from maintenance commitments assumed in acquisition agreements occurred over the years, as well as those benefits originated from court decision in the terms and conditions established, in which there is total or partial sponsorship of health care plan for a specific mass of former employees and their beneficiaries. Its costing is actuarially determined so as to ensure coverage maintenance. These plans are closed to new applicants. Assumptions for discount rate, inflation, mortality table and actuarial method are the same used for retirement plans. ITAÚ UNIBANCO HOLDING used the percentage of 4% p.a. for medical inflation, additionally considering, inflation rate of 4% p.a. Particularly in other post-employment benefits, there is medical inflation risk associated to increase in medical costs above expectation. To mitigate this risk, the same financial risks mitigation strategies are used. e) Change in the net amount recognized in the balance sheet The net amount recognized in the Balance Sheet is limited by the asset ceiling and it is computed based on estimated future contributions to be realized by the sponsor, so that it represents the maximum reduction amount in the contributions to be made. Summary of Change in Net Amount Recognized in Balance Sheet 12/31/2022 Note BD and CV plans CD plans Other post-employment benefits Total Net asset Actuarial liabilities Asset ceiling Recognized amount Pension plan fund Asset ceiling Recognized amount Liabilities Recognized amount Amounts at the beginning of the period 21,912 (20,039) (3,255) (1,382) 447 (2) 445 (779) (1,716) Amounts recognized in income (1+2+3+4) 1,995 (1,845) (308) (158) (36) - (36) (246) (440) 1 - Cost of current service - (33) - (33) - - - - (33) 2 - Cost of past service - - - - - - - (155) (155) 3 - Net interest (1) 1,995 (1,812) (308) (125) 39 - 39 (91) (177) 4 - Other expenses (2) - - - - (75) - (75) - (75) Amount recognized in stockholders' equity - other comprehensive income (5+6+7) (447) 596 (171) (22) 9 (40) (31) 25 (28) 5 - Effects on asset ceiling (4) - - (171) (171) - (40) (40) - (211) 6 - Remeasurements (441) 557 - 116 9 - 9 25 150 Changes in demographic assumptions - 29 - 29 - - - - 29 Changes in financial assumptions - 1,499 - 1,499 9 - 9 46 1,554 Experience of the plan (3) (441) (971) - (1,412) - - - - (1,412) 7 - Exchange variation (6) 39 - 33 - - - - 33 Other (8+9+10) (1,527) 1,651 - 124 - - - 151 275 8 - Receipt by Destination of Resources - - - - - - - - - 9 - Benefits paid (1,651) 1,651 - (1) - - - 151 150 10 - Contributions and investments from sponsor 124 - - 124 - - - - 124 Amounts at the end of period 21,933 (19,637) (3,734) (1,438) 420 (42) 378 (849) (1,909) Amount recognized in Assets 18a 33 378 - 411 Amount recognized in Liabilities 18b (1,471) - (849) (2,320) 12/31/2021 BD and CV plans CD plans Other post-employment benefits Total Net assets Actuarial liabilities Asset ceiling Recognized amount Pension plan fund Asset ceiling Recognized amount Liabilities Recognized amount Amounts at the beginning of the period 23,225 (20,662) (3,642) (1,079) 1,454 (951) 503 (922) (1,498) Amounts recognized in income (1+2+3+4) 1,722 (1,575) (278) (131) 41 (68) (27) (66) (224) 1 - Cost of current service - (53) - (53) - - - - (53) 2 - Cost of past service - - - - - - - - - 3 - Net interest (1) 1,722 (1,522) (278) (78) 104 (68) 36 (66) (108) 4 - Other expenses (2) - - - - (63) - (63) - (63) Amount recognized in stockholders' equity - other comprehensive income (5+6+7) (1,764) 817 665 (282) (725) 1,017 292 81 91 5 - Effects on asset ceiling - - 665 665 (484) 1,017 533 - 1,198 6 - Remeasurements (1,766) 801 - (965) (241) - (241) 81 (1,125) Changes in demographic assumptions - 4 - 4 - - - - 4 Changes in financial assumptions - 3,708 - 3,708 - - - 113 3,821 Experience of the plan (3) (1,766) (2,911) - (4,677) (241) - (241) (32) (4,950) 7 - Exchange variation 2 16 - 18 - - - - 18 Other (8+9+10) (1,271) 1,381 - 110 (323) - (323) 128 (85) 8 - Receipt by Destination of Resources (4) - - - - (323) - (323) - (323) 9 - Benefits paid (1,381) 1,381 - - - - - 128 128 10 - Contributions and investments from sponsor 110 - - 110 - - - - 110 Amounts at the end of period 21,912 (20,039) (3,255) (1,382) 447 (2) 445 (779) (1,716) Amount recognized in Assets 18a 48 445 - 493 Amount recognized in Liabilities 18b (1,430) - (779) (2,209) 1) Corresponds to the amount calculated on 01/01/2021 based on the initial amount (Net Assets, Actuarial Liabilities and Restriction of Assets), taking into account the estimated amount of payments / receipts of benefits / contributions, multiplied by the discount rate of 9.46 7.64 f) Defined benefit contributions Summary of Defined Benefit Contribution Estimated contributions Contributions made 2023 01/01 to 12/31/2022 01/01 to 12/31/2021 Retirement plan - FIU 39 54 43 Retirement plan - FUNBEP 85 39 32 Total (1) 124 93 75 1) Include extraordinary contributions agreed upon in deficit equation plans. g) Maturity profile of defined benefit liabilities Summary of Maturity Profile of Defined Benefit Liabilities Duration (1) 2023 2024 2025 2026 2027 2028 to 2032 Pension plan - FIU 9.12 1,136 1,072 1,110 1,151 1,186 6,388 Pension plan - FUNBEP 8.51 656 676 694 711 728 3,846 Other post-employment benefits 6.13 196 189 80 85 68 235 Total 1,988 1,937 1,884 1,947 1,982 10,469 1) Average duration of plan´s actuarial liabilities. h) Sensitivity analysis To measure the effects of changes in the key assumptions, sensitivity tests are conducted in actuarial liabilities annually. The sensitivity analysis considers a vision of the impacts caused by changes in assumptions, which could affect the income for the period and stockholders’ equity at the balance sheet date. This type of analysis is usually carried out under the ceteris paribus condition, in which the sensitivity of a system is measured when only one variable of interest is changed and all the others remain unchanged. The results obtained are shown in the table below: Summary of Sensitivity of Defined Benefit Obligation Main assumptions BD and CV plans Other post-employment benefits Present value of liability Income Stockholders´ equity (Other comprehensive income) (1) Present value of liability Income Stockholders´ equity (Other comprehensive income) (1) Discount rate Increase by 0.5% (763) - 284 (23) - 23 Decrease by 0.5% 824 - (311) 25 - (25) Mortality table Increase by 5% (218) - 82 (10) - 10 Decrease by 5% 228 - (87) 11 - (11) Medical inflation Increase by 1% - - - 56 - (56) Decrease by 1% - - - (48) - 48 1) Net of effects of asset ceiling |
Insurance contracts and private
Insurance contracts and private pension | 12 Months Ended |
Dec. 31, 2022 | |
Insurance Contracts And Private Pension | |
Insurance contracts and private pension | Note 27 - Insurance contracts and private pension ITAÚ UNIBANCO HOLDING, through its subsidiaries, offers to the market insurance and private pension products, with the purpose of assuming risks and restoring the economic balance of the insured’s assets. Products are offered through insurance brokers (independent and captive brokers) and Itaú Unibanco’s electronic channels and branches, in compliance with the regulatory requirements, of the National Council of Private Insurance – CNSP and the Superintendence of Private Insurance - SUSEP. a) Insurance A contract entered into by the parties to protect the customer’s assets, upon payment of a premium, by means of replacement or pre-established financial compensation, against damage to their property or their person. As backing, ITAÚ UNIBANCO HOLDING insurance companies set up technical reserves, through specialized areas within the conglomerate, with the objective of indemnifying policyholders’ losses in the event of claims of insured risks. The insurance risks sold by ITAÚ UNIBANCO HOLDING’s insurance companies are divided into property and casualty insurance, covering loss, damage or liabilities for assets or persons, and life insurance that includes coverage for death and personal accidents. b) Private pension Designed to ensure the maintenance of the quality of life of participants, as a supplement to government plans, through long term investments, private pension products are divided into three major groups: • PGBL – Free Benefit Generating Plan: • VGBL - Free Benefit Generating Life Plan: • FGB – Benefit Generating Fund: c) Technical provision for insurance and private pensions The technical provisions for insurance and private pensions are recognized according to the technical notes approved by SUSEP and criteria established by current legislation, as follows: • Provision for unearned premiums (PPNG) - • Provision for unsettled claims (PSL) - • Provision for claims incurred and not reported (IBNR) - • Mathematical provisions for benefits to be granted (PMBAC) - • Mathematical provisions for benefits granted (PMBC) - • Provision for financial surplus (PEF) - • Supplemental Coverage Reserve (PCC) - • Provision for redemptions and other amounts to be regularized (PVR) - • Provision for related expenses (PDR) - d) Main information related to Insurance and Private Pension operations I - Indexes Summary of Main Insurance lines Main Insurance Lines Sales ratio % Loss ratio % 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Group Accident Insurance 30.5 31.5 33.8 17.0 14.5 11.3 Individual Accident Insurance 18.4 18.7 18.8 25.6 26.7 29.4 Credit Life Insurance 22.3 22.9 24.2 19.3 26.1 22.3 Random Events 23.7 23.3 23.5 28.8 32.0 34.3 Multiple Peril 42.7 43.1 44.4 19.3 24.0 52.9 Mortagage Insurance in Market Policies – Credit Life Insurance 20.1 20.3 20.4 11.1 26.5 18.5 Group Life 23.8 23.8 24.0 35.5 53.5 41.0 II - Revenues from insurance premiums and private pension Summary of Revenue From Insurance and Private Pension Main lines Premiums and contributions 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Group Accident Insurance 973 883 847 Individual Accident Insurance 149 175 187 Disability Savings Pension 292 240 258 PGBL 2,974 2,460 2,235 Credit Life Insurance 1,412 1,008 624 Random Events 216 192 195 Multiple Peril 645 542 370 Mortagage Insurance in Market Policies – Credit Life Insurance 571 437 339 Traditional 123 128 117 VGBL 8,496 7,054 8,022 Group Life 1,422 1,165 955 Other lines 849 739 655 Total 18,122 15,023 14,804 III - Technical provisions balances Summary of Changes in Technical Provisions 12/31/2022 12/31/2021 Insurance Private Pension Total Insurance Private Pension Total Unearned premiums (PPNG) 3,615 12 3,627 2,846 12 2,858 Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) 30 228,786 228,816 19 209,196 209,215 Redemptions and Other Unsettled Amounts (PVR) 23 394 417 19 358 377 Financial surplus (PEF) - 729 729 1 691 692 Unsettled claims (PSL) 503 74 577 506 79 585 Claims / events incurred but not reported (IBNR) 345 26 371 334 27 361 Related Expenses (PDR) 32 49 81 29 65 94 Other provisions 135 397 532 129 665 794 Total 4,683 230,467 235,150 3,883 211,093 214,976 Current 3,588 159 3,747 3,102 541 3,643 Non-current 1,095 230,308 231,403 781 210,552 211,333 IV - Change in technical provisions Schedule of change in technical provisions 12/31/2022 12/31/2021 Insurance Private pension Total Insurance Private pension Total Opening balance - 01/01 3,883 211,093 214,976 3,303 217,697 221,000 (+) Additions arising from premiums / contributions 6,254 11,632 17,886 5,106 9,676 14,782 (-) Deferral due to elapsed risk (5,485) - (5,485) (4,563) - (4,563) (-) Payment of claims / benefits (1,506) (465) (1,971) (1,598) (373) (1,971) (+) Reported claims 1,477 - 1,477 1,534 - 1,534 (-) Redemptions - (15,127) (15,127) - (16,872) (16,872) (+/-) Net Portability - 1,962 1,962 - (3,417) (3,417) (+) Adjustment of reserves and financial surplus 10 21,591 21,601 14 5,009 5,023 (+/-) Other (increase / reversal) 50 (219) (169) 83 (627) (544) (+/-) Corporate Reorganization - - - 4 - 4 Closing balance 4,683 230,467 235,150 3,883 211,093 214,976 Through actuarial models based mainly on the portfolio historical experience and on macroeconomic projections, ITAÚ UNIBANCO HOLDING establishes the assumptions that influence the assessment of technical provisions. The assumptions are reassessed annually by experts of the actuarial and risk area, and are subsequently submitted to the executive’s approval. The effects on assumptions are recognized in income for the period in which they occurred. e) Deferred acquisition costs They are recorded in assets and charges are shown in the table below: Summary of Deferred Acquisition Costs 12/31/2022 12/31/2021 Opening Balance - 01/01 631 496 Increase 1,559 1,298 Amortization (1,379) (1,163) Closing Balance 811 631 Balance to be amortized in up to 12 months 573 464 Balance to be amortized after 12 months 238 167 f) Table of claims development Summary of Claims Development Provision for unsettled claims (PSL) 577 (-) IBNER 213 (-) Reinsurance 12 (-) Retrocession and other estimates (7) Liability claims presented in the claims development table (I + II) 359 The amount of obligations of the ITAÚ UNIBANCO HOLDING may change. The first part of the table below shows how the final loss estimate changes through time. The second part of the table reconciles the amounts pending payment and the liability disclosed in the balance sheet. I - Administrative claims - net of reinsurance Schedule of administrative claims - net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 954 1,121 1,231 1,401 1,413 After 1 year 1,012 1,133 1,237 1,491 After 2 years 1,015 1,133 1,245 After 3 years 1,012 1,135 After 4 years 1,007 Current estimate 1,007 1,135 1,245 1,491 1,413 Accumulated payments through base date 998 1,126 1,236 1,476 1,316 6,152 Liabilities recognized in the balance sheet 9 9 9 15 97 139 Liabilities in relation to prior periods 55 Total administrative claims 194 II - Judicial claims - net of reinsurance Schedule of judicial claims net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 16 20 12 12 15 After 1 year 33 36 23 27 After 2 years 47 43 31 After 3 years 54 50 After 4 years 58 Current estimate 58 50 31 27 15 Accumulated payments through base date 49 37 19 14 5 124 Liabilities recognized in the balance sheet 9 13 12 13 10 57 Liabilities in relation to prior periods 108 Total judicial claims 165 The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown. g) Liability Adequacy Test ITAÚ UNIBANCO HOLDING tests for Liability Adequacy semiannually, by comparing the amount recognized for its technical reserves with the current estimate of cash flow of its future obligations. The estimate should include all cash flows related to the business, which is the minimum requirement for carrying out the adequacy test. The Liability Adequacy Test did not indicate significant insufficiency in 2022, 2021 and 2020. The assumptions used in the test are periodically reviewed and are based on best practices and an analysis of subsidiaries’ experience, thus representing the best estimates for cash flow projections. Methodology and test grouping Specifically for insurance products, cash flows were projected using the method known as the run-off triangle for quarterly frequency periods. For pension products, cash flows for the deferral and concession phases are tested separately. The risk grouping criteria include groups subject to similar risks that are jointly managed as a single portfolio. Demographic tables Demographic tables are instruments to measure the demographic risk represented by the probability of death, survival or disability of a participant. For death and survival estimates, the latest Brazilian Market Insurer Experience tables (BR-EMS) are used, adjusted according to Scale G life expectancy development, and the Álvaro Vindas table is used to estimate benefit requests for disability. Risk-free interest rate The relevant risk-free forward interest-rate structure (ETTJ) is an indicator of the pure time value of money used to price the set of projected cash flows. The ETTJ was obtained from the curve of securities deemed to be credit risk free, available in the Brazilian financial market and determined by ITAÚ UNIBANCO HOLDING using its own method, plus a spread, which takes into account the impact of the market result of securities classified as Financial assets at amortized cost in the Guarantee assets portfolio. Annuity conversion rate The annuity conversion rate represents the expected conversion of balances accumulated by participants in retirement benefits. The decision by participants convert into an annuity is influenced by behavioral, economic and tax factors. Other assumptions Related expenses, cancellations and partial redemptions, future additions and contributions, are among the assumptions that affect the estimate of projected cash flows since they represent expenses and income arising from insurance agreements assumed. |
Fair value of financial instrum
Fair value of financial instruments | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Of Financial Instruments | |
Fair value of financial instruments | Note 28 - Fair value of financial instruments The fair value is a measurement based on market. In cases where market prices are not available, fair values are based on estimates using discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions adopted, including the discount rate and estimate of future cash flows. The estimated fair value obtained through these techniques cannot be substantiated by comparison with independent markets and, in many cases, cannot be realized on immediate settlement of the instrument. To increase consistency and comparability in fair value measurements and the corresponding disclosures, a fair value hierarchy is established that classifies into three levels the information for the valuation techniques used in the fair value measurement. Level 1: Level 2: Level 3: The methods and assumptions used to estimate the fair value are defined below: • Central Bank deposits, Securities purchased under agreements to resell and Securities sold under repurchase agreements - • Interbank deposits, Deposits, Interbank and Institutional Market Funds - • Securities and Derivatives - • Loans and financial leases - • Other financial assets / liabilities - Financial instruments not included in the Balance Sheet (Note 32) are represented by Standby letters of credit and financial guarantees provided, which amount to R$ 139,133 (R$ 128,683 at 12/31/2021) with an estimated fair value of R$ 161 (R$ 217 at 12/31/2021). a) Financial assets and liabilities measured at fair value The following table presents the financial assets and liabilities measured at fair value on a recurring basis, segregated between levels of the fair value hierarchy: Summary of Breakdown of Fair Value Hierarchy Levels 12/31/2022 12/31/2021 Level 1 Level 2 Level 3 Book Value / Fair Value Level 1 Level 2 Level 3 Book Value / Fair Value Financial Assets 391,297 115,792 437 507,526 366,930 102,253 1,563 470,746 Financial assets at fair value through profit or loss 274,659 111,436 379 386,474 262,912 100,649 1,563 365,124 Investment funds 954 31,537 - 32,491 653 19,486 - 20,139 Brazilian government securities 226,056 5,856 - 231,912 218,449 6,350 - 224,799 Government securities – other countries 8,017 - - 8,017 5,561 - - 5,561 Corporate securities 39,632 72,708 339 112,679 38,249 74,656 1,563 114,468 Shares 5,817 9,634 86 15,537 14,355 5,002 - 19,357 Rural product note - 2,510 7 2,517 - 6,791 61 6,852 Bank deposit certificates - 360 - 360 - 150 - 150 Real estate receivables certificates - 1,329 151 1,480 - 1,009 3 1,012 Debentures 29,446 33,412 84 62,942 18,638 45,672 1,478 65,788 Eurobonds and other 4,369 - 4 4,373 5,244 1 8 5,253 Financial bills - 19,371 7 19,378 - 10,098 13 10,111 Promissory and commercial notes - 3,900 - 3,900 - 4,684 - 4,684 Other - 2,192 - 2,192 12 1,249 - 1,261 Other Financial Assets - 1,335 40 1,375 - 157 - 157 Financial assets at fair value through other comprehensive income 116,638 4,356 58 121,052 104,018 1,604 - 105,622 Brazilian government securities 69,951 1,032 - 70,983 68,457 1,185 - 69,642 Government securities – other countries 37,910 - - 37,910 30,194 - - 30,194 Corporate securities 8,777 3,324 58 12,159 5,367 419 - 5,786 Shares 4,770 70 45 4,885 743 - - 743 Rural product note - 390 - 390 - - - - Bank deposit certificates 551 150 13 714 - 131 - 131 Debentures 538 645 - 1,183 134 217 - 351 Eurobonds and other 2,918 1,361 - 4,279 4,490 8 - 4,498 Financial credit bills - 13 - 13 - 6 - 6 Other (Corporate securities) - 695 - 695 - 57 - 57 Financial liabilities at fair value through profit or loss - 647 - 647 - 275 - 275 Structured notes - 64 - 64 - 114 - 114 Other financial liabilities - 583 - 583 - 161 - 161 The following table presents the breakdown of fair value hierarchy levels for derivative assets and liabilities. Summary of Breakdown of Fair Value Hierarchy Levels for Derivative Assets and Liabilities 12/31/2022 12/31/2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets 29 77,508 671 78,208 6 68,887 152 69,045 Swap Contracts – adjustment receivable - 46,271 631 46,902 - 37,924 90 38,014 Option Contracts - 23,637 34 23,671 3 21,187 62 21,252 Forward Contracts - 595 6 601 - 3,111 - 3,111 Credit derivatives - 492 - 492 - 242 - 242 NDF - Non Deliverable Forward - 6,140 - 6,140 - 5,943 - 5,943 Other derivative financial instruments 29 373 - 402 3 480 - 483 Liabilities (186) (76,106) (569) (76,861) (3) (63,076) (125) (63,204) Swap Contracts – adjustment payable - (38,507) (561) (39,068) - (34,535) (111) (34,646) Option Contracts - (29,880) (2) (29,882) (2) (22,531) (14) (22,547) Forward Contracts - (65) - (65) - (762) - (762) Credit derivatives - (604) - (604) - (198) - (198) NDF - Non Deliverable Forward - (6,626) - (6,626) - (4,896) - (4,896) Other derivative financial instruments (186) (424) (6) (616) (1) (154) - (155) In all periods, there was no significant transfer between Level 1 and Level 2. Transfers to and from Level 3 are presented in movements of Level 3. The methods and assumptions used to measurement the fair value are defined below: Level 1: Level 2 Level 3: All the above methods may result in a fair value that is not indicative of the net realizable value or future fair values. However, ITAÚ UNIBANCO HOLDING believes that all the methods used are appropriate and consistent with other market participants. Moreover, the adoption of different methods or assumptions to estimate fair value may result in different fair value estimates at the balance sheet date. Governance of Level 3 recurring fair value measurement The departments in charge of defining and applying the pricing models are segregated from the business areas. The models are documented, submitted to validation by an independent area and approved by a specific committee. The daily processes of price capture, calculation and disclosure are periodically checked according to formally defined tests and criteria and the information is stored in a single corporate data base. The most frequent cases of assets classified as Level 3 are justified by the discount factors used and corporate bonds whose credit component is relevant. Factors such as the fixed interest curve in Brazilian Reais and the TR coupon curve – and, as a result, their related factors – have inputs with terms shorter than the maturities of fixed-income assets. Level 3 recurring fair value changes The tables below show balance sheet changes for financial instruments classified by ITAÚ UNIBANCO HOLDING in Level 3 of the fair value hierarchy. Derivative financial instruments classified in Level 3 correspond to swap and option. Schedule of level 3 recurring fair value changes Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) ######## 12/31/2021 Recognized in income Recognized in other comprehensive income 12/31/2022 Financial assets at fair value through profit or loss 1,563 46 - 143 (49) (1,324) 379 (98) Corporate securities 1,563 21 - 128 (49) (1,324) 339 (138) Shares - (54) - - - 140 86 (62) Real estate receivables certificates 3 (36) - 2 (2) 184 151 (60) Debentures 1,478 109 - 96 - (1,599) 84 (7) Rural Product Note 61 3 - - (1) (56) 7 (9) Eurobonds and other 8 (1) - 11 (14) - 4 - Financial bills 13 - - 19 (32) 7 7 - Other financial assets - 25 - 15 - - 40 40 Financial assets at fair value through other comprehensive income - (2) - 47 - 13 58 - Corporate securities - (2) - 47 - 13 58 - Shares - (2) - 47 - - 45 - Bank deposit certificates - - - - - 13 13 - Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) 12/31/2021 Recognized in income Recognized in other comprehensive income 12/31/2022 Derivatives - assets 152 178 64 234 (552) 595 671 588 Swap Contracts – adjustment receivable 90 151 64 - (73) 399 631 608 Option Contracts 62 27 - 228 (479) 196 34 (20) Foiward contracts - - - 6 - - 6 - Derivatives - liabilities (125) 48 (132) (85) 38 (313) (569) (349) Swap Contracts – adjustment payable (111) (25) (132) - 21 (314) (561) (350) Option Contracts (14) 73 - (79) 17 1 (2) 1 Other derivative financial instruments - - - (6) - - (6) - Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) ######## 12/31/2020 Recognized in income Recognized in other comprehensive income 12/31/2021 Financial assets at fair value through profit or loss 1,968 (505) - 1,993 (865) (1,028) 1,563 (434) Corporate securities 1,968 (505) - 1,993 (865) (1,028) 1,563 (434) Real estate receivables certificates 548 (167) - 1,039 (616) (801) 3 - Debentures 1,350 (313) - 855 (211) (203) 1,478 (432) Rural Product Note 64 (15) - 62 (32) (18) 61 - Eurobonds and other - (9) - 23 (6) - 8 (2) Financial bills 6 (1) - 14 - (6) 13 - Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) 12/31/2020 Recognized in income Recognized in other comprehensive income 12/31/2021 Derivatives - assets 105 46 - 327 (284) (42) 152 56 Swap Contracts – adjustment receivable 93 26 - 56 (43) (42) 90 90 Option Contracts 12 20 - 271 (241) - 62 (34) Derivatives - liabilities (110) 72 - (233) 148 (2) (125) (24) Swap Contracts – adjustment payable (109) 8 - (30) 22 (2) (111) (46) Option Contracts (1) 64 - (203) 126 - (14) 22 Sensitivity analysis of Level 3 operations The fair value of financial instruments classified in Level 3 is measured through valuation techniques based on correlations and associated products traded in active markets, internal estimates and internal models. Significant unobservable inputs used for measurement of the fair value of instruments classified in Level 3 are: interest rates, underlying asset prices and volatility. Significant variations in any of these inputs separately may give rise to substantial changes in the fair value. The table below shows the sensitivity of these fair values in scenarios of changes of interest rates or, asset prices, or in scenarios with varying shocks to prices and volatilities for nonlinear assets: Summary of Sensitivity Analyses Operations of Level 3 Sensitivity – Level 3 Operations 12/31/2022 12/31/2021 Market risk factor groups Scenarios Impact Impact Income Stockholders' equity Income Stockholders' equity Interest rates I (2.2) - (1.5) - II (56.9) - (38.2) - III (113.3) - (76.4) - Commodities, Indexes and Shares I (6.7) - - - II (13.4) - - - Nonlinear I (24.8) - (56.5) - II (37.8) - (93.3) - The following scenarios are used to measure sensitivity: Interest rate Based on reasonably possible changes in assumptions of 1, 25 and 50 basis points (scenarios I, II and III respectively) applied to the interest curves, both up and down, taking the largest losses resulting in each scenario. Commodities, Index and Shares Based on reasonably possible changes in assumptions of 5 and 10 percentage points (scenarios I and II respectively) applied to share prices, both up and down, taking the largest losses resulting in each scenario. Nonlinear Scenario I: Based on reasonably possible changes in assumptions of 5 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario. Scenario II: Based on reasonably possible changes in assumptions of 10 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario. b) Financial assets and liabilities not measured at fair value The following table presents the financial assets and liabilities not measured at fair value on a recurring basis. Summary of Carrying and Estimated Fair Values for Financial Instruments 12/31/2022 12/31/2021 Book value Fair value Book value Fair value Financial assets 1,586,992 1,588,402 1,375,782 1,376,534 At Amortized Cost 1,586,992 1,588,402 1,375,782 1,376,534 Central Bank compulsory deposits 115,748 115,748 110,392 110,392 Interbank deposits 59,592 59,868 69,942 70,112 Securities purchased under agreements to resell 221,779 221,779 169,718 169,718 Securities 219,315 219,133 147,746 147,219 Loan and financial lease 909,422 910,738 822,590 823,699 Other financial assets 111,823 111,823 96,473 96,473 (-) Provision for expected loss (50,687) (50,687) (41,079) (41,079) Financial liabilities 1,759,182 1,758,475 1,558,307 1,558,838 At Amortized Cost 1,755,498 1,754,791 1,553,107 1,553,638 Deposits 871,438 871,370 850,372 850,277 Securities sold under repurchase agreements 293,440 293,440 252,848 252,848 Interbank market funds 294,587 294,573 177,145 177,181 Institutional market funds 129,382 128,757 138,636 139,226 Other financial liabilities 166,651 166,651 134,106 134,106 Provision for Expected Loss 3,684 3,684 5,200 5,200 Loan commitments 2,874 2,874 4,433 4,433 Financial guarantees 810 810 767 767 |
Provisions, contingent assets a
Provisions, contingent assets and contingent liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Provisions Contingent Assets And Contingent Liabilities | |
Provisions, contingent assets and contingent liabilities | Note 29 - Provisions, contingent assets and contingent liabilities In the ordinary course of its business, ITAÚ UNIBANCO HOLDING may be a party to legal proceedings labor, civil and tax nature. The contingencies related to these lawsuits are classified as follows: a) Contingent assets There are no contingent assets recorded. b) Provisions and contingencies ITAÚ UNIBANCO HOLDING’s provisions for judicial and administrative challenges are long-term, considering the time required for their questioning, and this prevents the disclosure of a deadline for their conclusion. The legal advisors believe that ITAÚ UNIBANCO HOLDING is not a party to this or any other administrative proceedings or lawsuits, in addition to those highlighted throughout this note, that could significantly affect the results of its operations. Civil lawsuits In general, provisions and contingencies arise from claims related to the revision of contracts and compensation for material and moral damages. The lawsuits are classified as follows: Collective lawsuits: Individual lawsuits: ITAÚ UNIBANCO HOLDING, despite having complied with the rules in force at the time, is a defendant in lawsuits filed by individuals referring to payment of inflation adjustments to savings accounts resulting from economic plans implemented in the 1980s and the 1990s, as well as in collective lawsuits filed by: (i) consumer protection associations; and (ii) the Public Attorney’s Office, on behalf of the savings accounts holders. ITAÚ UNIBANCO HOLDING recognizes provisions upon receipt of summons, and when individuals demand the enforcement of a ruling handed down by the courts, using the same criteria as for provisions for individual lawsuits. The Federal Supreme Court (STF) has issued some decisions favorable to savings account holders, but it has not established its understanding with respect to the constitutionality of the economic plans and their applicability to savings accounts. Currently, the appeals involving these matters are suspended, by order of the STF, until it pronounces its final decision. In December 2017, through mediation of the Federal Attorney’s Office (AGU) and supervision of the BACEN, savers (represented by two civil associations, FEBRAPO and IDEC) and FEBRABAN entered into an instrument of agreement aiming at resolving lawsuits related the economic plans, and ITAÚ UNIBANCO HOLDING has already accepted its terms. Said agreement was approved on March 1, 2018, by the Plenary Session of the Federal Supreme Court (STF) and savers could adhere to its terms for a 24-month period. Due to the end of this term, the parties signed an amendment to the instrument of agreement to extend this period in order to contemplate a higher number of holders of savings accounts and, consequently, to increase the end of lawsuits. In May, 2020 the Federal Supreme Court (STF) approved this amendment and granted a 30-month term for new adhesions, and this term may be extended for another 30 months, subject to the reporting of the number of adhesions over the first period. Labor claims Provisions and contingencies arise from lawsuits in which labor rights provided for in labor legislation specific to the related profession are discussed, such as: overtime, salary equalization, reinstatement, transfer allowance, pension plan supplement, among others. These lawsuits are classified as follows: Collective lawsuits: Individual lawsuits: Other risks These are quantified and accrued on the basis of the amount of rural credit transactions with joint liability and FCVS (salary variations compensation fund) credits assigned to Banco Nacional. I - Civil, labor and other risks provisions Disclosure of Provision Below are the changes in civil, labor and other risks provisions: 12/31/2022 Note Civil Labor Other Risks Total Opening balance - 01/01 3,317 8,219 1,558 13,094 (-) Provisions guaranteed by indemnity clause 2d XIV (225) (879) - (1,104) Subtotal 3,092 7,340 1,558 11,990 Adjustment / Interest 23 169 491 - 660 Changes in the period reflected in income 23 903 2,339 469 3,711 Increase (1) 1,403 2,663 469 4,535 Reversal (500) (324) - (824) Payment (1,140) (2,936) (183) (4,259) Subtotal 3,024 7,234 1,844 12,102 (+) Provisions guaranteed by indemnity clause 2d XIV 207 952 - 1,159 Closing balance 3,231 8,186 1,844 13,261 Current 1,157 2,949 605 4,711 Non-current 2,074 5,237 1,239 8,550 12/31/2021 Note Civil Labor Other Risks Total Opening balance - 01/01 3,511 8,015 1,483 13,009 (-) Provisions guaranteed by indemnity clause 2d XIV (216) (950) - (1,166) Subtotal 3,295 7,065 1,483 11,843 Adjustment / Interest 23 221 155 - 376 Changes in the period reflected in income 23 820 2,652 85 3,557 Increase 1,176 2,888 119 4,183 Reversal (356) (236) (34) (626) Payment (1,244) (2,532) (10) (3,786) Subtotal 3,092 7,340 1,558 11,990 (+) Provisions guaranteed by indemnity clause 2d XIV 225 879 - 1,104 Closing balance 3,317 8,219 1,558 13,094 Current 1,266 2,528 429 4,223 Non-current 2,051 5,691 1,129 8,871 1) Includes, in the labor provision, the effects of the Voluntary Severance Program. II - Tax and social security provisions Schedule of tax and social security provisions Tax and social security provisions correspond to the principal amount of taxes involved in administrative or judicial tax lawsuits, subject to tax assessment notices, plus interest and, when applicable, fines and charges. The table below shows the change in the provisions: Note 12/31/2022 12/31/2021 Opening balance - 01/01 6,498 6,810 (-) Provisions guaranteed by indemnity clause 2d XIV (71) (71) Subtotal 6,427 6,739 Adjustment / Interest (1) 628 202 Changes in the period reflected in income (829) 8 Increase (1) 156 180 Reversal (1) (985) (172) Payment (86) (523) Subtotal 6,140 6,426 (+) Provisions guaranteed by indemnity clause 2d XIV 74 72 Closing balance 6,214 6,498 Current 4 10 Non-current 6,210 6,488 1) The amounts are included in the headings Tax Expenses, General and Administrative Expenses and Current Income Tax and Social Contribution. The main discussions related to tax and social security provisions are described below: • INSS – Non-compensatory Amounts – R$ 1,935 1,167 • PIS and COFINS – Calculation Basis – R$ 672 659 III - Contingencies not provided for in the balance sheet Amounts involved in administrative and judicial arguments with the risk of loss estimated as possible are not provided for and they are basically composed of: Civil lawsuits and labor claims In Civil Lawsuits with possible loss, total estimated risk is R$ 5,087 4,903 For Labor Claims with possible loss, estimated risk is R$ 637 448 Tax and social security obligations Tax and social security obligations of possible loss totaled R$ 40,958 35,855 • INSS – Non-compensatory Amounts – R$ 8,915 • ISS – Banking Activities/Provider Establishment – R$ 6,066 • IRPJ, CSLL, PIS and COFINS – Funding Expenses – R$ 5,338 • IRPJ and CSLL – Goodwill – Deduction – R$ 3,677 • PIS and COFINS - Reversal of Revenues from Depreciation in Excess – R$ 3,370 • IRPJ, CSLL, PIS and COFINS – Requests for Offsetting Dismissed – R$ 2,508 • IRPJ and CSLL – Disallowance of Losses – R$ 1,327 • IRPJ and CSLL - Deductibility of Loss in Loan Operations - R$ 958 c) Accounts receivable – Reimbursement of provisions The receivables balance arising from reimbursements of contingencies totals R$ 899 888 d) Guarantees of contingencies, provisions and legal obligations The guarantees related to legal proceedings involving ITAÚ UNIBANCO HOLDING and basically consist of: Summary of Assets Pledged as Collateral for Lawsuits Involving Contingent Liabilities are Restricted or Deposited 12/31/2022 12/31/2021 Note Civil Labor Tax Total Total Deposits in guarantee 18a 1,761 2,044 9,196 13,001 12,264 Investment fund quotas 416 136 63 615 690 Surety 64 52 5,146 5,262 4,115 Insurance bond 1,622 1,461 16,173 19,256 18,771 Guarantee by government securities - - 292 292 242 Total 3,863 3,693 30,870 38,426 36,082 |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2022 | |
Segment Information | |
Segment Information | Note 30 - Segment Information The current operational and reporting segments of ITAÚ UNIBANCO HOLDING are described below: • Retail Business The segment comprises retail customers, account holders and non-account holders, individuals and legal entities, high income clients (Itaú Uniclass and Personnalité) and the companies segment (microenterprises and small companies). It includes financing and credit offers made outside the branch network, in addition to credit cards and payroll loans. • Wholesale Business It comprises products and services offered to middle-market companies, high net worth clients (Private Banking), and the operation of Latin American units and Itaú BBA, which is the unit responsible for business with large companies and Investment Banking operations. • Activities with the Market + Corporation Basically, corresponds to the result arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debits. It also includes the financial margin on market trading, Treasury operating costs, and equity in earnings of companies not included in either of the other segments. a) Basis of Presentation Segment information is based on the reports used by senior management of ITAÚ UNIBANCO HOLDING to assess performance and to make decisions about allocation of funds for investment and other purposes. These reports use a variety of information for management purposes, including financial and non-financial information supported by bases different from information prepared according to accounting practices adopted in Brazil. The main indicators used for monitoring business performance are Recurring Income, and Return on Economic Capital allocated to each business segment. Information by segment has been prepared in accordance with accounting practices adopted in Brazil and is adjusted by the items below: Allocated capital: Income tax rate: • Reclassification and application of managerial criteria The managerial statement of income was used to prepare information per segment. These statements were obtained based on the statement of income adjusted by the impact of non-recurring events and the managerial reclassifications in income. The main reclassifications between the accounting and managerial results are: Operating revenues: Tax effects of hedging: Insurance: Other reclassifications: The adjustments and reclassifications column shows the effects of the differences between the accounting principles followed for the presentation of segment information, which are substantially in line with the accounting practices adopted for financial institutions in Brazil, except as described above, and the policies used in the preparation of these consolidated financial statements according to IFRS. Significant adjustments are as follows: • Requirements for impairment testing of financial assets are based on the expected loan losses model. • Adjustment to fair value due to reclassifications of financial assets to categories of measurement at amortized cost, at fair value through profit and loss or at fair value through other comprehensive income, as a result of the concept of business models of IFRS 9. • Financial assets modified and not written-off, with their balances recalculated in accordance with the requirements of IFRS 9. • Effective interest rate of financial assets and liabilities measured at amortized cost, appropriating revenues and costs directly attributable to their acquisition, issue or disposal over the transaction term, where as in the standards adopted in Brazil, recognition of expenses and revenues from fees occurs at the time these transactions are contracted. • Goodwill generated in a business combination is not amortized, where as in the standards adopted in Brazil, it is amortized. b) Consolidated Statement of Managerial Resultr Summary of Operating Segments 01/01 to 12/31/2022 Retail Business Wholesale Business Activities with the Market + Corporation ITAÚ UNIBANCO Adjustments IFRS consolidated (3) Operating revenues 90,509 49,229 2,983 142,721 2,136 144,857 Interest margin (1) 54,881 34,701 2,979 92,561 (5,350) 87,211 Revenues from banking services and bank charges 26,787 14,143 177 41,107 5,271 46,378 Income from insurance and private pension operations before claim and selling expenses 8,841 385 (173) 9,053 (3,115) 5,938 Other revenues - - - - 5,330 5,330 Cost of Credit (29,908) (2,392) - (32,300) 4,563 (27,737) Claims (1,538) (11) - (1,549) (1) (1,550) Operating margin 59,063 46,826 2,983 108,872 6,698 115,570 Other operating income / (expenses) (43,512) (19,482) (374) (63,368) (14,669) (78,037) Non-interest expenses (2) (37,302) (17,019) (312) (54,633) (14,531) (69,164) Tax expenses for ISS, PIS and COFINS and Other (6,210) (2,463) (62) (8,735) (810) (9,545) Share of profit or (loss) in associates and joint ventures - - - - 672 672 Income before income tax and social contribution 15,551 27,344 2,609 45,504 (7,971) 37,533 Income tax and social contribution (4,594) (9,076) (14) (13,684) 6,888 (6,796) Non-controlling interests 45 (825) (254) (1,034) (1) (1,035) Net income 11,002 17,443 2,341 30,786 (1,084) 29,702 Net income - 12/31/2022 Total assets (*) 1,524,983 1,175,209 171,983 2,469,958 (146,518) 2,323,440 Total liabilities - 1,455,227 1,102,834 144,379 2,300,224 (154,127) 2,146,097 (*) Investments in associates and joint ventures 2,114 - 4,798 6,912 531 7,443 Fixed assets, net 5,781 1,282 - 7,063 704 7,767 Goodwill and Intangible assets, net 8,660 9,062 - 17,722 5,392 23,114 1) Includes interest and similar income and expenses of R$ 51,758 34,173 1,280 2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ ( 5,750 3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties. 01/01 to 12/31/2021 Retail Business Wholesale Business Activities with the Market + Corporation ITAÚ UNIBANCO Adjustments IFRS consolidated (3) Operating revenues 75,443 38,228 11,930 125,601 773 126,374 Interest margin (1) 43,042 24,005 11,099 78,146 (2,937) 75,209 Commissions and Banking Fees 25,169 13,817 884 39,870 2,454 42,324 Income from insurance and private pension operations before claim and selling expenses 7,232 406 (53) 7,585 (2,231) 5,354 Other revenues - - - - 3,487 3,487 Cost of Credit (18,278) (1,956) - (20,234) 7,455 (12,779) Claims (1,591) (9) - (1,600) - (1,600) Operating margin 55,574 36,263 11,930 103,767 8,228 111,995 Other operating income / (expenses) (40,116) (17,743) (1,055) (58,914) (10,850) (69,764) Non-interest expenses (2) (35,031) (15,699) (478) (51,208) (11,341) (62,549) Tax expenses for ISS, PIS and COFINS and Other (5,085) (2,044) (577) (7,706) (673) (8,379) Share of profit or (loss) in associates and joint ventures - - - - 1,164 1,164 Income before income tax and social contribution 15,458 18,520 10,875 44,853 (2,622) 42,231 Income tax and social contribution (5,593) (6,799) (3,997) (16,389) 2,542 (13,847) Non-controlling interests (330) (591) (664) (1,585) (39) (1,624) Net income 9,535 11,130 6,214 26,879 (119) 26,760 12/31/2021 Total assets (*) 1,311,330 1,013,836 133,123 2,166,019 (96,813) 2,069,206 Total liabilities - 1,252,211 945,311 105,190 2,010,442 (105,712) 1,904,730 (*) Investments in associates and joint ventures 2,008 - 4,338 6,346 (225) 6,121 Fixed assets, net 5,420 997 - 6,417 546 6,963 Goodwill and Intangible assets, net 8,371 9,557 - 17,928 3,182 21,110 1) Includes interest and similar income and expenses of R$ 59,948 16,678 1,417 2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ ( 5,548 3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties. 01/01 to 12/31/2020 Retail Business Wholesale Business Activities with the Market + Corporation ITAÚ UNIBANCO Adjustments IFRS consolidated (3) Operating revenues 72,680 32,187 9,918 114,785 (14,586) 100,199 Interest margin (1) 41,818 19,883 8,394 70,095 (20,042) 50,053 Revenues from banking services and bank charges 23,918 11,911 1,401 37,230 1,327 38,557 Income from insurance and private pension operations before claim and selling expenses 6,944 393 123 7,460 (2,972) 4,488 Other revenues - - - - 7,101 7,101 Cost of Credit (21,247) (8,968) 6 (30,209) 5,583 (24,626) Claims (1,345) (8) - (1,353) (1) (1,354) Operating margin 50,088 23,211 9,924 83,223 (9,004) 74,219 Other operating income / (expenses) (40,221) (16,133) (650) (57,004) (11,985) (68,989) Non-interest expenses (2) (35,310) (14,592) (287) (50,189) (14,018) (64,207) Tax expenses for ISS, PIS and COFINS and Other (4,911) (1,541) (363) (6,815) 634 (6,181) Share of profit or (loss) in associates and joint ventures - - - - 1,399 1,399 Income before income tax and social contribution 9,867 7,078 9,274 26,219 (20,989) 5,230 Income tax and social contribution (3,071) (1,893) (3,099) (8,063) 17,897 9,834 Non-controlling interests (175) 601 (46) 380 3,452 3,832 Net income 6,621 5,786 6,129 18,536 360 18,896 12/31/2020 Total assets (*) 1,265,620 981,034 143,715 2,112,586 (93,335) 2,019,251 Total liabilities - 1,218,977 915,253 108,432 1,964,880 (100,154) 1,864,726 (*) Investments in associates and joint ventures 2,012 - 13,879 15,891 (321) 15,570 Fixed assets, net 4,587 806 - 5,393 1,544 6,937 Goodwill and Intangible assets, net 4,978 9,901 - 14,879 2,451 17,330 1) Includes interest and similar income and expenses of R$ 40,811 6,553 2,689 2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ ( 5,064 3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties. c) Result of Non-Current Assets and Main Services and Products by Geographic Region Summary of Result of Non-Current Assets and Main Services and Products by Geographic Region 12/31/2022 12/31/2021 Brazil Abroad Total Brazil Abroad Total Non-current assets 30,230 651 30,881 21,390 6,683 28,073 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Brazil Abroad Total Brazil Abroad Total Brazil Abroad Total Income related to interest and similar (1,2,3) 174,118 51,608 225,726 117,094 27,420 144,514 104,364 19,247 123,611 Income from insurance and private pension operations before claim and selling expenses (3) 5,093 845 5,938 5,332 22 5,354 4,488 - 4,488 Commissions and Banking Fees (3) 31,928 14,450 46,378 37,744 4,580 42,324 34,624 3,933 38,557 1) Includes interest and similar income, result of financial assets and liabilities at fair value through profit or loss and foreign exchange results and exchange variations in foreign transactions. 2) ITAÚ UNIBANCO HOLDING does not have customers representing 10 3) In "Brazil" geographic region the companies headquartered in the country and "Abroad" are considered; the other companies, the amounts consider the already eliminated values. |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2022 | |
Related Parties | |
Related parties | Note 31 - Related parties Transactions between related parties are carried out for amounts, terms and average rates in accordance with normal market practices during the period, and under reciprocal conditions. Transactions between companies and investment funds, included in consolidation (Note 2d I), have been eliminated and do not affect the consolidated statements. The principal unconsolidated related parties are as follows: • Itaú Unibanco Participações S.A. (IUPAR), Companhia E. Johnston de Participações S.A. (shareholder of IUPAR) and ITAÚSA, direct and indirect shareholders of ITAÚ UNIBANCO HOLDING. • The associates, non-financial subsidiaries and joint ventures of ITAÚSA, in particular Dexco S.A., Copagaz – Distribuidora de Gás S.A., Aegea Saneamento e Participações S.A., Águas do Rio 1 SPE S.A., Águas do Rio 4 SPE S.A., Alpargatas S.A., CCR S.A. and XP Inc. (Note 3). • Investments in associates and joint ventures, in particular Porto Seguro Itaú Unibanco Participações S.A., BSF Holding S.A. and XP Inc. (Note 3). • Pension Plans: Fundação Itaú Unibanco – Previdência Complementar and FUNBEP – Fundo de Pensão Multipatrocinado, closed-end supplementary pension entities, that administer retirement plans sponsored by ITAÚ UNIBANCO HOLDING, created exclusively for employees. • Associations: Associação Cubo Coworking Itaú – a partner entity of ITAÚ UNIBANCO HOLDING its purpose is to encourage and promote the discussion and development of alternative and innovative technologies, business models and solutions; to produce and disseminate the resulting technical and scientific knowledge; to attract and bring in new information technology talents that may be characterized as startups; and to research, develop and establish ecosystems for entrepreneur and startups. • Foundations and Institutes maintained by donations from ITAÚ UNIBANCO HOLDING and by the proceeds generated by their assets, so that they can accomplish their objectives and to maintain their operational and administrative structure: Fundação Itaú para a Educação e Cultura Instituto Unibanco Instituto Unibanco de Cinema Associação Itaú Viver Mais a) Transactions with related parties: Summary of Transactions Between Related Parties Annual rate Assets / (Liabilities) Revenues / (Expenses) 12/31/2022 12/31/2021 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Interbank investments 3,835 2,301 196 84 63 Other 13.40% 3,835 2,301 196 84 63 Loan operations 668 654 78 35 56 Dexco S.A. CDI + 1.45% 623 546 77 31 19 Other 45 108 1 4 37 Securities and derivative financial instruments (assets and liabilities) 6,013 5,397 908 303 6 Investment funds 230 183 47 34 14 CCR S.A. CDI + 1.7% / 9.76% 2,138 - 232 - - Copagaz – Distribuidora de Gás S.A. CDI + 1.7% to 2.95% 1,024 1,082 150 71 1 Itaúsa S.A. CDI + 2% to 2.4% 1,199 1,200 166 74 1 Águas do Rio 4 SPE S.A. CDI + 3.5% 706 1,574 168 60 - Aegea Saneamento e Participações S.A. CDI + 1.7% / 16.76% 306 844 79 34 - Other CDI + 1.35% to 3.5% 410 514 66 30 (10) Deposits (2,491) (437) (154) (2) (14) CCR S.A. 98% to 103% CDI (2,026) - (67) - - Aegea Saneamento e Participações S.A. (11) (158) (28) - - Alpargatas S.A. 101% CDI (150) - (1) - - Other 75% to 101% CDI (304) (279) (58) (2) (14) Deposits received under securities repurchase agreements (19) (6) (19) (35) - Other 82% to 85% CDI (19) (6) (19) (35) - Funds from acceptances and issuance of securities (49) - (17) - - Aegea Saneamento e Participações S.A. - - (15) - - Copagaz – Distribuidora de Gás S.A. 103% CDI (49) - (2) - - Amounts receivable (payable) / Commissions and/or Other General and Administrative expenses (136) (273) (89) (122) 26 Fundação Itaú Unibanco - Previdência Complementar (81) (78) 39 37 42 Olímpia Promoção e Serviços S.A. (4) (5) (58) - (45) FUNBEP - Fundo de Pensão Multipatrocinado (196) (158) (54) (172) 7 Itaúsa S.A. (20) (10) 13 13 12 ConectCar Soluções de Mobilidade Eletrônica S.A. (5) (8) (38) (4) 7 Other 170 (14) 9 4 3 Rent - - (32) (37) (31) Fundação Itaú Unibanco - Previdência Complementar - - (30) (34) (28) FUNBEP - Fundo de Pensão Multipatrocinado - - (2) (3) (3) Donation - - - - (1,002) Fundação Itaú para a Educação e Cultura - - - - (1,000) Other - - - - (2) Sponsorship 28 12 (24) (14) (16) Associação Cubo Coworking Itaú 28 12 (24) (14) (16) Operations with Key Management Personnel of ITAÚ UNIBANCO HOLDING present Assets of R$ 162 6,427 16 100 6,136 20 58 b) Compensation and Benefits of Key Management Personnel Compensation and benefits attributed to Managers Members, members of the Audit Committee and the Board of Directors of ITAÚ UNIBANCO HOLDING in the period correspond to: Summary of Compensation and Benefits of Key Management Personnel 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Fees (603) (460) (578) Profit sharing (255) (208) (112) Post-employment benefits (5) (9) (9) Share-based payment plan (1) (142) (120) (228) Total (1,005) (797) (927) 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., in October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. Payments occured in 2022 are reflected in Fees. Total amount related to share-based payment plans, personnel expenses and post-employment benefits is detailed in Notes 20, 23 and 26, respectively. |
Risk and Capital Management
Risk and Capital Management | 12 Months Ended |
Dec. 31, 2022 | |
Risk And Capital Management | |
Risk and Capital Management | Note 32 - Risk and Capital Management a) Corporate Governance ITAÚ UNIBANCO HOLDING invests in robust risk management processes and capital management that are the basis for its strategic decisions to ensure business sustainability and maximize shareholder value creation. These processes are aligned with the guidelines of the Board of Directors and Executive which, through collegiate bodies, define the global objectives expressed as targets and limits for the business units that manage risk. Control and capital management units, in turn, support ITAÚ UNIBANCO HOLDING’s management by monitoring and analyzing risk and capital. The Board of Directors is the main body responsible for establishing guidelines, policies and approval levels for risk and capital management. The Capital and Risk Management Committee (CGRC), in turn, is responsible for supporting the Board of Directors in managing capital and risk. At the executive level, collegiate bodies, presided over by the Chief Executive Officer (CEO) of ITAÚ UNIBANCO HOLDING, are responsible for capital and risk management, and their decisions are monitored by the CGRC. Additionally, ITAÚ UNIBANCO HOLDING has collegiate bodies with capital and risk management responsibilities delegated to them, under the responsibility of CRO (Chief Risk Officer). To support this structure, the Risk Department has departments to ensure, on an independent and centralized basis, that the institution’s risks and capital are managed in compliance with the defined policies and procedures. ITAÚ UNIBANCO HOLDING's management model is made up of: • 1st line of defense: business areas, which have primary responsibility for managing the risk they originate. • 2nd line of defense: risk area, which ensures that risks are managed and are supported by risk management principles (risk appetite, policies, procedures and dissemination of the risk culture in the business). • 3rd line of defense: internal audit, which is linked to the Board of Directors and makes an independent assessment of the activities developed by the other areas. b) Risk Management Risk Appetite The risk appetite of ITAÚ UNIBANCO HOLDING is based on the Board of Director’s statement: “We are a universal bank, operating mainly in Latin America. Supported by our risk culture, we insist on with strict ethical standards and regulatory compliance, seeking high and increasing returns, with low volatility, through lasting relationships with our customers, accurate risk pricing, widespread funding and proper use of capital.” Based on this statement, six dimensions have been defined, each dimension consists of a set of metrics associated with the main risks involved, combining supplementary measurement methods, to give a comprehensive vision of our exposure. The Board of Directors is responsible for approving guidelines and limits for risk appetite, with the support of CGRC and the CRO. The limits for risk appetite are monitored regularly and reported to risk committees and to the Board of Directors, which will oversee the preventive measures to be taken to ensure that exposure is aligned with the strategies of ITAÚ UNIBANCO HOLDING. Foremost among processes for proper risk and capital management are the Risk Appetite Statement (RAS) and the implementation of a continuous, integrated risk management structure, the stress test program, the establishment of a Risk Committee, and the nomination at BACEN of a Chief Risk Officer (CRO), with roles and responsibilities assigned, and requirements for independence. The six dimensions of risk appetite are: • Capitalization: • Liquidity: • Composition of results: • Operational risk: • Reputation: • Clients: Risk appetite, risk management and guidelines for employees of ITAÚ UNIBANCO HOLDING for routine decision-making purposes are based on: • Sustainability and customer satisfaction: • Risk culture: • Risk pricing: • Diversification: • Operational excellence: • Ethics and respect for regulations: ITAÚ UNIBANCO HOLDING has various ways of disseminating risk culture, based on four principles: conscious risk-taking, discussion of the risks the institution faces, the corresponding action taken, and the responsibility of everyone for managing risk. These principles serve as a basis for ITAÚ UNIBANCO HOLDING guidelines, helping employees to conscientiously understand, identify, measure, manage and mitigate risks. I - Credit risk The possibility of losses arising from failure by a borrower, issuer or counterparty to meet their financial obligations, the impairment of a loan due to downgrading of the risk rating of the borrower, the issuer or the counterparty, a decrease in earnings or remuneration, advantages conceded on renegotiation or the costs of recovery. There is a credit risk control and management structure, centralized and independent from the business units, that provides for operating limits and risk mitigation mechanisms, and also establishes processes and tools to measure, monitor and control the credit risk inherent in all products, portfolio concentrations and impacts of potential changes in the economic environment. The credit policy of ITAÚ UNIBANCO HOLDING is based on internal criteria such as: classification of customers, portfolio performance and changes, default levels, rate of return and economic capital allocated, among others, and also take into account external factors such as interest rates, market default indicators, inflation, changes in consumption, and so on. For personal customers and small and middle-market companies, credit rating is based on statistical application models (at the early stages of the relationship with a customer) and behavior score (used for customers with which ITAÚ UNIBANCO HOLDING already has a relationship). For large companies, the rating is based on information such as economic and financial condition of the counterparty, their cash-generating capability, the economic group to which they belong, and the current and prospective situation of the economic sector in which they operate, in accordance with the guidelines of the Sustainability and Social and Environmental Responsibility Policy (PRSA) and specific manuals and procedures of ITAÚ UNIBANCO HOLDING. Credit proposals are analyzed on a case by case basis, through an approval-level mechanism. ITAÚ UNIBANCO HOLDING strictly controls the credit exposure of customers and counterparties, taking action to address situations in which the current exposure exceeds what is desirable. For this purpose, measures provided for in loan agreements are available, such as accelerated maturity or a requirement for additional collateral. I.I - Collateral and policies for mitigating credit risk ITAÚ UNIBANCO HOLDING uses guarantees to increase its capacity for recovery in operations exposed to credit risk. The guarantees may be personal, secured, legal structures with mitigating power and offset agreements. For collateral to be considered instruments that mitigate credit risk, they must comply with the requirements and standards that regulate them, both internal and external ones, and they must be legally valid (effective), enforceable, and assessed on a regular basis. ITAÚ UNIBANCO HOLDING also uses credit derivatives, to mitigate credit risk of its portfolios of loans and securities. These instruments are priced based on models that use the fair value of market inputs, such as credit spreads, recovery rates, correlations and interest rates. I.II - Policy for Provisioning and Economic Scenarios Both the credit risk and the finance areas are responsible for defining the methods used to measure expected loan losses and for periodically assessing changes in the provision amounts. These areas monitor the trends observed in provisions for expected credit losses by segment, in addition to establishing an initial understanding of the variables that may trigger changes in the allowance for loan losses, the probability of default (PD) or the loss given default (LGD). Once the trends have been identified and an initial assessment of the variables has been made at the corporate level, the business areas are responsible for further analyzing these trends in more detail and for each segment, in order to understand the underlying reasons for the trends and to decide whether changes are required in credit policies. Provisions for expected losses take into account the expected risk linked to contracts with similar characteristics and in anticipation of signs of deterioration, over a loss horizon suitable for the remaining period of the contract to maturity. For contracts of products with no determined termination date, average results of deterioration and default are used to determine the loss horizon. Additionally, information on economic scenarios and public data with internal projections are used to determine and adjust the expected credit loss in line with expected macroeconomic realities. Sensitivity analysis ITAÚ UNIBANCO HOLDING prepares studies on the impact of estimates in the calculation of expected credit loss. The expected loss models use three different scenarios: Optimistic, Base and Pessimistic. In Brazil, where operations are substantially carried out, these scenarios are combined by weighting their probabilities: 15 50 35 The table below shows the amount of financial assets at amortized cost and at fair value through other comprehensive income, expected loss and the impacts on the calculation of expected credit loss in the adoption of 100 Disclosure Of Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income And The Impact On Expected Credit Loss In Various Scenarios 12/31/2022 12/31/2021 Financial Assets (1) Expected Loss (2) Reduction/(Increase) of Expected Loss Financial Assets (1) Expected Loss (2) Reduction/(Increase) of Expected Loss Pessimistic scenario Base scenario Optimistic scenario Pessimistic scenario Base scenario Optimistic scenario 1,256,751 (54,476) (530) 198 530 1,078,891 (46,348) (340) 163 1,788 Financial Asset - 1) Composed of Loan operations, lease operations and securities. 2) Comprises expected credit loss for Financial Guarantees R$ ( 810 767 2,874 4,433 I.III - Classification of Stages of Credit Impairment ITAÚ UNIBANCO HOLDING uses customers’ internal information, statistic models, days of default and quantitative analysis in order to determine the credit status of portfolio agreements. Rules for changing stages take into account: • Stage 1 to stage 2: For Retail market portfolios, ITAÚ UNIBANCO HOLDING classifies loan agreements which are over 30 days overdue in stage 2, except payroll loans for government agency, for which the figure is 45 days, due to the dynamics of payment for transfer of the product. For agreements with delay less than 30 days, the migration to stage 2 occurs if the financial asset exceeds the allowance for loan losses established by the risk appetite approved by ITAÚ UNIBANCO HOLDING’s Management for each portfolio, whereas the others remain in stage 1. For the Wholesale business portfolio, information on arrears is taken into account when assessing the counterparty rating. • Stage 3: Information on days of delay, used on an absolute basis, is one important factor for the classification of stages, and after a certain credit status has been defined for an agreement, it is classified in one of the three stages of credit deterioration. Based on this classification, rules for measuring expected credit loss in each stage are used, as described in Note 2d IV. I.IV - Maximum Exposure of Financial Assets to Credit Risk Summary of Credit Risk Exposure 12/31/2022 12/31/2021 Brazil Abroad Total Brazil Abroad Total Financial Assets 1,545,701 511,277 2,056,978 1,319,532 485,649 1,805,181 At Amortized Cost 1,120,797 350,447 1,471,244 914,776 350,614 1,265,390 Interbank deposits 18,955 40,637 59,592 17,795 52,147 69,942 Securities purchased under agreements to resell 218,339 3,440 221,779 159,974 9,744 169,718 Securities 191,947 27,368 219,315 125,875 21,871 147,746 Loan and lease operations 636,836 272,586 909,422 562,646 259,944 822,590 Other financial assets 97,995 13,828 111,823 81,398 15,075 96,473 (-) Provision for Expected Loss (43,275) (7,412) (50,687) (32,912) (8,167) (41,079) At Fair Value Through Other Comprehensive Income 48,438 72,614 121,052 44,648 60,974 105,622 Securities 48,438 72,614 121,052 44,648 60,974 105,622 At Fair Value Through Profit or Loss 376,466 88,216 464,682 360,108 74,061 434,169 Securities 364,039 21,060 385,099 343,339 21,628 364,967 Derivatives 11,052 67,156 78,208 16,612 52,433 69,045 Other financial assets 1,375 - 1,375 157 - 157 Financial liabilities - provision for expected loss 3,040 644 3,684 4,543 657 5,200 Loan Commitments 2,622 252 2,874 4,115 318 4,433 Financial Guarantees 418 392 810 428 339 767 Off balance sheet 472,372 72,005 544,377 446,267 73,431 519,698 Financial Guarantees 71,524 20,255 91,779 62,548 20,362 82,910 Letters of credit to be released 47,354 - 47,354 45,773 - 45,773 Loan commitments 353,494 51,750 405,244 337,946 53,069 391,015 Mortgage loans 15,423 - 15,423 10,709 - 10,709 Overdraft accounts 157,408 - 157,408 147,878 - 147,878 Credit cards 177,658 3,754 181,412 176,384 3,840 180,224 Other pre-approved limits 3,005 47,996 51,001 2,975 49,229 52,204 Total 2,015,033 582,638 2,597,671 1,761,256 558,423 2,319,679 Amounts shown for credit risk exposure are based on gross book value and do not take into account any collateral received or other added credit improvements. The contractual amounts of financial guarantees and letters of credit cards represent the maximum potential of credit risk in the event that a counterparty does not meet the terms of the agreement. The vast majority of loan commitments (mortgage loans, overdraft accounts and other pre-approved limits) mature without being drawn, since they are renewed monthly and can be cancelled unilaterally. As a result, the total contractual amount does not represent our real future exposure to credit risk or the liquidity needs arising from such commitments. I.IV.I - By business sector Loans and Financial Lease Operations Summary of Maximum Exposure of Financial Assets Segregated by Business Sector 12/31/2022 % 12/31/2021 % Industry and commerce 197,351 21.7 190,491 23.1 Services 177,180 19.5 173,332 21.1 Other sectors 37,072 4.1 37,652 4.6 Individuals 497,819 54.7 421,115 51.2 Total 909,422 100.0 822,590 100.0 Other financial assets (1) Schedule of other financial assets 12/31/2022 % 12/31/2021 % Public sector 691,964 63.8 580,619 62.2 Services 167,176 15.4 150,831 16.2 Other sectors 119,436 11.0 83,521 9.0 Financial 106,469 9.8 117,869 12.6 Total 1,085,045 100.0 932,840 100.0 1) Includes Financial Assets at Fair Value through Profit and Loss, Financial Assets at Fair Value through Other Comprehensive Income and Financial Assets at Amortized Cost, except for Loan and Lease Operations and Other Financial Assets. The exposure of Off Balance financial instruments (Financial Collaterals and Loan Commitments) is neither categorized nor managed by business sector. Summary of Breakdown of Indicators of Credit Quality I.IV.II - By type and classification of credit risk Loan and lease operations 12/31/2022 Stage 1 Stage 2 Stage 3 Total Consolidated of 3 Stages Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Individuals 305,210 233,996 511 539,717 59,639 8,538 1 68,178 35,254 226 - 35,480 400,103 242,760 512 643,375 Corporate 133,205 29,853 60,209 223,267 901 32 444 1,377 5,162 11 2,551 7,724 139,268 29,896 63,204 232,368 Micro/Small and medium companies 142,621 84,619 9,520 236,760 12,299 1,494 115 13,908 9,976 265 123 10,364 164,896 86,378 9,758 261,032 Foreign loans - Latin America 182,516 44,542 16,912 243,970 13,863 1,544 1,279 16,686 8,776 124 114 9,014 205,155 46,210 18,305 269,670 Total 763,552 393,010 87,152 1,243,714 86,702 11,608 1,839 100,149 59,168 626 2,788 62,582 909,422 405,244 91,779 1,406,445 % 61.4 31.6 7.0 100.0 86.6 11.6 1.8 100.0 94.5 1.0 4.5 100.0 64.7 28.8 6.5 100.0 12/31/2021 Stage 1 Stage 2 Stage 3 Total Consolidated of 3 Stages Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Individuals 270,371 220,961 944 492,276 38,168 20,723 - 58,891 23,997 686 - 24,683 332,536 242,370 944 575,850 Corporate 128,519 23,882 52,429 204,830 1,600 200 535 2,335 4,915 23 2,478 7,416 135,034 24,105 55,442 214,581 Micro/Small and medium companies 124,555 71,158 7,605 203,318 16,749 4,823 130 21,702 8,666 222 141 9,029 149,970 76,203 7,876 234,049 Foreign loans - Latin America 178,719 46,629 17,776 243,124 13,389 1,621 713 15,723 12,942 87 159 13,188 205,050 48,337 18,648 272,035 Total 702,164 362,630 78,754 1,143,548 69,906 27,367 1,378 98,651 50,520 1,018 2,778 54,316 822,590 391,015 82,910 1,296,515 % 61.4 31.7 6.9 100.0 70.9 27.7 1.4 100.0 93.0 1.9 5.1 100.0 63.4 30.2 6.4 100.0 Summary of Internal Rating Internal rating 12/31/2022 12/31/2021 Stage 1 Stage 2 Stage 3 Total loan operations Stage 1 Stage 2 Stage 3 Total loan operations Low 705,625 62,501 - 768,126 662,839 42,028 - 704,867 Medium 57,508 14,095 - 71,603 38,980 19,239 - 58,219 High 419 10,106 - 10,525 345 8,639 - 8,984 Credit-Impaired - - 59,168 59,168 - - 50,520 50,520 Total 763,552 86,702 59,168 909,422 702,164 69,906 50,520 822,590 % 84.0 9.5 6.5 100.0 85.4 8.5 6.1 100.0 Maximum Exposure of Other Financial Assets by Type and Classification of Credit Risk Other financial assets 12/31/2022 Fair value Stage 1 Stage 2 Stage 3 Cost Fair value Cost Fair value Cost Fair value Investment funds 32,491 27,660 27,140 5,259 5,259 92 92 Government securities 479,834 483,476 479,834 - - - - Brazilian government 394,675 397,793 394,675 - - - - Other Public - 36 - - - - - Abroad 85,159 85,647 85,159 - - - - Argentina 3,453 3,460 3,453 - - - - United States 9,665 9,716 9,665 - - - - Israel 860 852 860 - - - - Mexico 14,010 14,021 14,010 - - - - Spain 9,922 9,924 9,922 - - - - Korea 10,363 10,365 10,363 - - - - Chile 24,681 24,811 24,681 - - - - Paraguay 3,463 3,461 3,463 - - - - Uruguay 1,182 1,185 1,182 - - - - Colombia 3,151 3,430 3,151 - - - - Peru 6 7 6 - - - - Switzerland 4,403 4,415 4,403 - - - - Corporate securities 211,103 216,005 208,241 3,559 2,512 2,297 350 Rural product note 28,896 28,670 28,618 287 262 29 16 Real estate receivables certificates 7,214 7,318 7,214 - - - - Bank deposit certificate 1,172 1,172 1,172 - - - - Debentures 110,075 110,732 108,140 2,470 1,610 2,037 325 Eurobonds and other 8,770 9,035 8,770 - - - - Financial bills 19,504 19,535 19,504 - - - - Promissory and commercial notes 11,250 11,251 11,250 - - - - Other 24,222 28,292 23,573 802 640 231 9 Total 723,428 727,141 715,215 8,818 7,771 2,389 442 12/31/2021 Fair value Stage 1 Stage 2 Stage 3 Cost Fair value Cost Fair value Cost Fair value Investment funds 20,139 4,906 4,914 15,224 15,225 - - Government securities 423,085 426,959 423,085 - - - - Brazilian government 362,449 365,947 362,449 - - - - Other Public - 36 - - - - - Abroad 60,636 60,976 60,636 - - - - Argentina 1,335 1,310 1,335 - - - - United States 7,189 7,226 7,189 - - - - Mexico 12,413 12,424 12,413 - - - - Spain 6,131 6,132 6,131 - - - - Korea 5,604 5,604 5,604 - - - - Chile 21,399 21,552 21,399 - - - - Paraguay 1,469 1,526 1,469 - - - - Uruguay 1,258 1,256 1,258 - - - - Colombia 3,830 3,938 3,830 - - - - Peru 8 8 8 - - - - Corporate securities 173,163 169,489 167,457 3,391 2,789 4,993 2,917 Rural product note 12,744 12,474 12,597 146 121 38 26 Real estate receivables certificates 4,999 5,063 4,999 - - - - Bank deposit certificate 390 392 390 - - - - Debentures 103,659 99,438 98,867 2,383 1,923 4,704 2,869 Eurobonds and other 10,206 10,236 10,194 12 12 - - Financial bills 10,168 10,185 10,168 - - - - Promissory and commercial notes 8,901 8,874 8,901 - - - - Other 22,096 22,827 21,341 850 733 251 22 Total 616,387 601,354 595,456 18,615 18,014 4,993 2,917 Summary of Financial Assets Individually Evaluated Classified by Rating Other Financial Assets - Internal Classification by Level of Risk 12/31/2022 Internal rating Financial Assets - At Amortized Cost Financial assets at fair value through profit or loss (1) Financial Assets at fair value through other comprehensive income Total Interbank deposits and securities purchased under agreements to resell Securities Low 281,371 214,894 461,153 120,977 1,078,395 Medium - 3,816 2,104 75 5,995 High - 605 50 - 655 Total 281,371 219,315 463,307 121,052 1,085,045 % 25.9 20.2 42.7 11.2 100.0 1) Includes Derivatives in the amount of R$ 78,208. 12/31/2021 Internal rating Financial Assets - At Amortized Cost Financial assets at fair value through profit or loss (1) Financial Assets at fair value through other comprehensive income Total Interbank deposits and securities purchased under agreements to resell Securities Low 245,442 142,416 430,729 105,622 924,209 Medium - 4,399 3,219 - 7,618 High 18 931 64 - 1,013 Total 245,460 147,746 434,012 105,622 932,840 % 26.4 15.8 46.5 11.3 100.0 1) Includes Derivatives in the amount of R$ 69,045. I.IV.III - Collateral for loan and lease operations Summary of Collateral for Loans and Financial Lease Operations 12/31/2022 12/31/2021 Over-collateralized assets Under-collateralized assets Over-collateralized assets Under-collateralized assets Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral Individuals 141,896 336,597 3,085 2,861 113,194 282,131 1,014 907 Personal (1) 2,971 11,106 1,469 1,394 2,436 8,338 639 583 Vehicles (2) 29,613 70,901 1,610 1,463 26,941 68,275 368 318 Mortgage loans (3) 109,312 254,590 6 4 83,817 205,518 7 6 Micro, small and medium companies and corporates (4) 173,007 614,178 41,395 36,233 170,334 634,871 32,436 26,933 Foreign loans - Latin America (4) 175,517 319,085 11,817 4,441 168,968 330,020 9,782 4,152 Total 490,420 1,269,860 56,297 43,535 452,496 1,247,022 43,232 31,992 1) In general requires financial collaterals. 2) Vehicles themselves are pledged as collateral, as well as assets leased in lease operations. 3) Properties themselves are pledged as collateral. 4) Any collateral set forth in the credit policy of ITAÚ UNIBANCO HOLDING (chattel mortgage, surety/joint debtor, mortgage and other). Of total loan and lease operations, R$ 362,705 326,862 I.IV.IV - Repossessed assets Assets received from the foreclosure of loans, including real estate, are initially recorded at the lower of: (i) the fair value of the asset less the estimated selling expenses, or (ii) the carrying amount of the loan. Further impairment of assets is recorded as a provision, with a corresponding charge to income. The maintenance costs of these assets are expensed as incurred. The policy for sales of these assets includes periodic auctions that are announced to the market in advance, and provides that the assets cannot be held for more than one year, as stipulated by BACEN. Total assets repossessed in the period were R$ 336 258 II - Market risk The possibility of incurring financial losses from changes in the market value of positions held by a financial institution, including the risks of transactions subject to fluctuations in currency rates, interest rates, share prices, price indexes and commodity prices, as set forth by CMN. Price Indexes are also treated as a risk factor group. Market risk is controlled by an area independent from the business areas, which is responsible for the daily activities of (i) risk measurement and assessment, (ii) monitoring of stress scenarios, limits and alerts, (iii) application, analysis and testing of stress scenarios, (iv) risk reporting to those responsible within the business areas, in compliance with the governance of ITAÚ UNIBANCO HOLDING, (v) monitoring of actions required to adjust positions and risk levels to make them realistic, and (vi) providing support for the safe launch of new financial products. The market risk structure categorizes transactions as part of either the banking portfolio or the trading portfolio, in accordance with general criteria established by CMN Resolution 4,557, of February 23, 2017, and BCB Resolution No. 111, of July 6, 2021 and later changes. The trading portfolio consists of all transactions involving financial instruments and commodities, including derivatives, which are held for trading. The banking portfolio is basically characterized by transactions for the banking business, and transactions related to the management of the balance sheet of the institution, where there is no intention of sale and time horizons are medium and long term. Market risk management is based on the following metrics: • Value at risk (VaR): a statistical measure that estimates the expected maximum potential economic loss under normal market conditions, considering a certain time horizon and confidence level. • Losses in stress scenarios (Stress Test): simulation technique to assess the behavior of assets, liabilities and derivatives of a portfolio when several risk factors are taken to extreme market situations (based on prospective and historical scenarios). • Stop loss: metrics used to revise positions, should losses accumulated in a fixed period reach a certain level. • Concentration: cumulative exposure of a certain financial instrument or risk factor, calculated at market value (MtM – Mark to Market). • Stressed VaR: statistical metric derived from the VaR calculation, with the purpose is of simulating higher risk in the trading portfolio, taking returns that can be seen in past scenarios of extreme volatility. Management of interest rate risk in the Banking Book (IRRBB) is based on the following metrics: • ΔEVE (Delta Economic Value of Equity): difference between the present value of the sum of repricing flows of instruments subject to IRRBB in a base scenario and the present value of the sum of repricing flows of these instruments in a scenario of shock in interest rates. • ΔNII (Delta Net Interest Income): difference between the result of financial intermediation of instruments subject to IRRBB in a base scenario and the result of financial intermediation of these instruments in a scenario of shock in interest rates. In addition, sensitivity and loss control measures are also analyzed. They include: • Mismatching analysis (GAPS): accumulated exposure by risk factor of cash flows expressed at market value, allocated at the maturity dates. • Sensitivity (DV01- Delta Variation): impact on the fair value of cash flows when a 1 basis point change is applied to current interest rates or on the index rates. • Sensitivity to Sundry Risk Factors (Greeks): partial derivatives of an option portfolio in relation to the prices of underlying assets, implied volatilities, interest rates and time. In order to operate within the defined limits, ITAÚ UNIBANCO HOLDING hedges transactions with customers and proprietary positions, including its foreign investments. Derivatives are commonly used for these hedging activities, which can be either accounting or economic hedges, both governed by the institutional polices of ITAÚ UNIBANCO HOLDING. The structure of limits and alerts obeys the Board of Directors’ guidelines, and it is reviewed and approved on an annual basis. This structure has specific limits aimed at improving the process of monitoring and understanding risk, and at avoiding concentration. These limits are quantified by assessing the forecast balance sheet results, the size of stockholders’ equity, market liquidity, complexity and volatility, and ITAÚ UNIBANCO HOLDING’s appetite for risk. The consumption of market risk limits is monitored and disclosed daily through exposure and sensitivity maps. The market risk area analyzes and controls the adherence of these exposures to limits and alerts and reports them timely to the Treasury desks and other structures foreseen in the governance. ITAÚ UNIBANCO HOLDING uses proprietary systems to measure the consolidated market risk. The processing of these systems occurs in a high-availability access-controlled environment, which has data storage and recovery processes and an infrastructure that ensures business continuity in contingency (disaster recovery) situations. II.I - VaR - Consolidated ITAÚ UNIBANCO HOLDING Is calculated by Historical Simulation, i.e. the expected distribution for profits and losses (P&L) of a portfolio over time can be estimated from past behavior of returns of market risk factors for this portfolio. VaR is calculated at a confidence level of 99 historical period of 4 years (1000 business days) From 01/01 to 12/31/2022, the average total VaR in Historical Simulation was R$ 678 0.4 441 0.3 Summary of VaR Total - Historical Simulation VaR Total (Historical Simulation) (in millions of reais) (1) 12/31/2022 12/31/2021 Average Minimum Maximum Var Total Average Minimum Maximum Var Total VaR by Risk Factor Group Interest rates 1,102 885 1,751 1,160 937 425 1,411 1,257 Currencies 26 9 55 26 18 10 37 13 Shares 27 18 65 65 42 17 98 24 Commodities 4 2 10 10 4 1 8 4 Effect of diversification - - - (527) - - - (602) Total risk 678 494 1,172 734 441 198 707 696 1) VaR by Risk Factor Group considers information from foreign units. II.I.I - Interest rate risk The table below shows the accounting position of financial assets and liabilities exposed to interest rate risk, distributed by maturity (remaining contractual terms). This table is not used directly to manage interest rate risks, it is mostly used to permit the assessment of mismatching between accounts and products associated thereto and to identify possible risk concentration. Summary of Position of Accounts Subject to Interest Rate Risk 12/31/2022 12/31/2021 0-30 days 31-180 days 181-365 days 1-5 years Over 5 years Total 0-30 days 31-180 days 181-365 days 1-5 years Over 5 years Total Financial assets 604,311 374,530 208,849 633,741 274,964 2,096,395 457,279 294,051 193,279 642,495 253,300 1,840,404 At amortized cost 464,682 314,721 167,134 392,172 171,952 1,510,661 395,256 258,580 152,270 345,538 148,969 1,300,613 Compulsory deposits in the Central Bank of Brazil 102,600 - - - - 102,600 92,580 - - - - 92,580 Interbank deposits 40,782 8,207 7,683 2,800 114 59,586 51,138 7,050 5,861 5,669 216 69,934 Securities purchased under agreements to resell 177,458 44,221 47 - 50 221,776 142,405 26,532 - 403 371 169,711 Securities 15,933 19,075 26,632 107,906 47,731 217,277 4,427 12,884 27,858 69,965 30,664 145,798 Loan and lease operations 127,909 243,218 132,772 281,466 124,057 909,422 104,706 212,114 118,551 269,501 117,718 822,590 At fair value through other comprehensive income 35,573 13,223 6,609 47,249 18,398 121,052 10,420 9,286 6,722 63,256 15,938 105,622 At fair value through profit and loss 104,056 46,586 35,106 194,320 84,614 464,682 51,603 26,185 34,287 233,701 88,393 434,169 Securities 81,484 39,344 26,454 169,113 68,704 385,099 36,111 13,872 28,532 212,911 73,541 364,967 Derivatives 22,572 7,215 8,362 24,834 15,225 78,208 15,492 12,292 5,632 20,777 14,852 69,045 Other Financial Assets - 27 290 373 685 1,375 - 21 123 13 - 157 Financial liabilities 651,532 177,388 142,668 585,754 112,329 1,669,671 660,751 127,205 107,515 361,399 228,857 1,485,727 At amortized cost 643,530 160,422 125,266 563,338 99,607 1,592,163 653,598 110,994 99,753 340,944 216,959 1,422,248 Deposits 360,548 75,395 62,860 360,225 12,410 871,438 402,930 52,259 38,563 220,822 135,798 850,372 Securities sold under repurchase agreements 264,284 5,698 816 16,223 6,419 293,440 239,843 2,627 725 5,659 3,994 252,848 Interbank market funds 12,918 67,034 57,476 148,390 8,769 294,587 9,976 46,610 41,520 69,043 9,996 177,145 Institutional market funds 5,379 11,800 3,552 36,642 72,009 129,382 439 9,045 18,422 43,559 67,171 138,636 Premium bonds plans 401 495 562 1,858 - 3,316 410 453 523 1,861 - 3,247 At fair value through profit and loss 8,002 16,966 17,402 22,416 12,722 77,508 7,153 16,211 7,762 20,455 11,898 63,479 Derivatives 8,002 16,950 17,164 22,278 12,467 76,861 7,153 16,174 7,625 20,404 11,848 63,204 Structured notes - 1 1 18 44 64 - - 16 48 50 114 Other Financial Liabilities - 15 237 120 211 583 - 37 121 3 - 161 Difference assets / liabilities (1) (47,221) 197,142 66,181 47,987 162,635 426,724 (203,472) 166,846 85,764 281,096 24,443 354,6 |
Supplementary information
Supplementary information | 12 Months Ended |
Dec. 31, 2022 | |
Supplementary Information | |
Supplementary information | Note 33 - Supplementary information a) Acquisition of Ideal Holding Financeira S.A. On January 13, 2022, ITAÚ UNIBANCO HOLDING, through its subsidiary Itaú Corretora de Valores S.A., entered into a purchase and sale agreement of up to 100% of capital of Ideal Holding Financeira S.A. (IDEAL). The purchase will be carried out in two phases over five years. In the first phase, ITAÚ UNIBANCO HOLDING will acquired 50.1 700 100 IDEAL is a 100% digital broker and currently offers electronic trading and DMA (direct market access) solutions, within a flexible and cloud-based platform. The management and development of IDEAL's business will continue to be autonomous in relation to ITAÚ UNIBANCO HOLDING, according to the terms and conditions of the Shareholders' Agreement for this transaction and ITAÚ UNIBANCO HOLDING will not have exclusivity in the provision of services. The effective acquisitions and financial settlements occurred on March 31, 2023, after the required regulatory approvals are received. b) Organization of Joint Venture - Totvs Techfin S.A. On April 12, 2022, ITAÚ UNIBANCO HOLDING with TOTVS S.A. (TOTVS) entered into an agreement for the organization of a joint venture, preliminarily called Totvs Techfin S.A. (TECHFIN), which will combine technology and financial solutions, adding the supplementary expertise of the partners to provide corporate clients with, in an expeditious and integrated manner, the best experiences in buying products directly from the platforms already offered by TOTVS. TOTVS will contribute with the assets of its current TECHFIN operation to a company of which ITAÚ UNIBANCO HOLDING will become a partner with a 50 610 450 The effective acquisition and financial settlement will occur after the required regulatory approvals are received. c) Acquisition of Avenue Holding Cayman Ltd On July 08, 2022, ITAÚ UNIBANCO HOLDING entered into a share purchase agreement with Avenue Controle Cayman Ltd and other selling stockholders for the acquisition of control of Avenue Holding Cayman Ltd (AVENUE). The purchase will be carried out in three phases over five years. In the first phase, ITAÚ UNIBANCO HOLDING will acquire 35 493 15.1 AVENUE holds a U.S. digital securities broker aimed to democratize the access of Brazilian investors to the international market. The management and development of AVENUE's business will continue to be autonomous in relation to ITAÚ UNIBANCO HOLDING, which will become one of the institutions that will make AVENUE's services available to its clients abroad. The effective acquisitions and financial settlements will occur after the required regulatory approvals are received. d) “Coronavirus” COVID-19 effects ITAÚ UNIBANCO HOLDING incorporated into its processes the monitoring of the economic effects of the COVID-19 pandemic in Brazil and the other countries where it operates, which may adversely affect its Profit or Loss. In Brazil, measures were taken to mitigate the impacts caused by COVID-19 by the Federal Government, the National Monetary Council (CMN) and the Central Bank of Brazil (BACEN), particularly: i) CMN Resolution No. 4,838/20, which regulates the Working Capital Program for Business Preservation (CGPE), the contracting term of which ended in the fourth quarter of 2020. ii) CMN Resolution No. 4,846/20 which provides for loan operations for financing of payroll carried out by financial institutions, under the Emergency Employment Support Program (PESE), the contracting period of which ended in the fourth quarter of 2020. iii) Law No. 13,999/20 and amendment made by Law No. 14,161/21, and Provisional Measure No. 1,139/22 that sets forth the National Support Program for Micro and Small Companies (PRONAMPE) with the purpose of developing and strengthening small businesses. iv) Law No. 14,042/20 and amendment made by Law No. 14,462/22 that established the Emergency Program for Access to Credit (PEAC), with the purpose of making easier the access to credit and preserving companies, for the protection of jobs and income. The PEAC has two modalities: Emergency Program for Access to Credit in the modality of guarantee (PEAC-FGI) and Emergency Program for Access to Credit in the modality guarantee of receivables (PEAC-Maquininha). In the period, ITAÚ UNIBANCO HOLDING identified the following impacts on its results, as well as effects on estimates and critical judgments for the preparation of the Consolidated Financial Statements: (a) Increase in 2021 and 2022 in loan and financing operations, especially for micro, small and medium-sized companies due to the measures adopted for mitigation of the impacts of COVID-19 by the authorities with the creation of programs such as PESE, PRONAMPE, PEAC-FGI and CGPE, the balance of which in December 2022 is R$ 18,662. Through timely monitoring of credit standards and behavior of clients, ITAÚ UNIBANCO HOLDING maintained the regularity of its operations, despite the adverse conditions, and helped clients in the sustainable search for their financial rebalancing. (b) With the purpose of treating indebtedness in a structured way and giving financial impetus to clients, initiatives were established that allowed the extension of grace periods, terms and better interest rate conditions for individuals, and micro and small business clients. In March 2020, Program 60+ was established, which, among other measures, allowed a 60 120 180 (c) The allowance for loan losses in the amount of R$ 52,324 (d) Increase in expenses with claims related to COVID-19 of R$ 52 There was an increase in the spacing between people in call centers to reduce the circulation of people and the possibilities of contagion. The average number of people circulating in administrative centers was reduced, since they started to work remotely. Employees in the central management, service centers and digital branches are substantially working from home. It should be noted that despite the aforementioned measures, ITAÚ UNIBANCO HOLDING maintains its operating activities. Even after the end of the state of public health emergency in Brazil announced in May 2022, ITAÚ UNIBANCO HOLDING will continue to monitor the impacts of the COVID-19 pandemic and following health and health surveillance recommendations so as to ensure safety of its employees and clients. |
Subsequent Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Event | |
Subsequent Event | Note 34 - Subsequent Event ITAÚ UNIBANCO HOLDING recognized in its Financial Statements the impacts arising from a subsequent event to the reporting period related to a specific case of a large company that filed for judicial reorganization, but whose credit conditions existed as of December 31, 2022. There was an increase in Expected credit loss to cover 100 1.3 719 |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Significant Accounting Policies | |
Basis of preparation | a) Basis of preparation The Consolidated Financial Statements of ITAÚ UNIBANCO HOLDING were prepared in accordance with the requirements and guidelines of the National Monetary Council (CMN), which require that as from December 31, 2010 annual Consolidated Financial Statements are prepared in accordance with the International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). In the preparation of these Consolidated Financial Statements, ITAÚ UNIBANCO HOLDING adopted the criteria for recognition, measurement and disclosure established in the IFRS and in the interpretations of the International Financial Reporting Interpretation Committee (IFRIC). The information in the financial statements and accompanying notes evidence all relevant information inherent in the financial statements, and only them, which are consistent with information used by management in its administration. |
New accounting standards changes and interpretations of existing standards | b) New accounting standards changes and interpretations of existing standards I - Accounting standards applicable for period ended December 31, 2022 There were no new accounting standards for the current period. II - Accounting standards recently issued and applicable in future periods • IFRS 17 – Insurance Contracts: The pronouncement replaces IFRS 4 – Insurance Contracts and presents three approaches for measurement: • Building Block Approach (BBA) General Model: applicable to all insurance contracts without direct participation features and reinsurance maintained. • Premium Allocation Approach (PAA) Simplified Model: applicable to insurance and reinsurance contracts maintained with term is up to 12 months or when it produces results similar to those that would be obtained if the general model was used. • Variable Fee Approach (VFA): applicable to insurance contracts with direct participation features, composed substantially by investment related service contracts under which an entity promises an investment return based on underlying items. ITAÚ UNIBANCO HOLDING will use the BBA, PAA and VFA approach, considering the features of existing and maintained insurance and reinsurance contracts. Insurance contracts must be measured considering four components: • Expected Future Cash Flows: estimate of all components of cash flow of the contract, considering inflows and outflows. • Adjustment for Non-financial Risk: estimate of offset required for differences that may occur between cash flows. • Contractual Margin: unearned income that will be recognized according to the provision of insurance services, being represented in the initial recognition by the difference in the present value of the estimated cash flows inflows and outflows minus the adjustment for non-financial risk. • Discount: projected cash flows must be discounted to present value, to reflect the time value of money, at rates that reflect the characteristics of the respective flows. Additionally, the redesignation of the classification of financial assets that are related to insurance and reinsurance contracts maintained is forecasted in the event IFRS 9 - Financial Instruments has already been adopted. This standard is effective as from January 1 st st st The adoption of the new standard will not result in regulatory or prudential impacts - including capital - for ITAÚ UNIBANCO HOLDING, since such limits are calculated based on the Prudential Consolidated which is prepared according to the generally accepted principles and accounting standards in Brazil applicable to institutions authorized to operate by BACEN. • Amendments to IAS 1 – Presentation of Financial Statements: Information on accounting policies st Segregation between Current and Non-current Liabilities st • Amendments to IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors – Includes the definition of accounting estimates: monetary amounts subject to uncertainties in their measurement. Expected credit loss and the fair value of an asset or liability are examples of accounting estimates. This change is effective for the years beginning January 1 st • Amendments to IAS 12 – Income Taxes – Requires that the lessee recognizes deferred taxes arising from temporary differences generated in the initial recognition of right-of-use assets and lease liabilities, in compliance with the tax legislation. These amendments are effective for years beginning January 1 st |
Critical accounting estimates and judgments | c) Critical accounting estimates and judgments The preparation of Consolidated Financial Statements in accordance with the IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and contingent liabilities at the date of the Financial Statements, due to uncertainties and the high level of subjectivity involved in the recognition and measurement of certain items. Estimates and judgments that present a significant risk and may have a material impact on the values of assets and liabilities are disclosed below. Actual results may differ from those established by these estimates and judgments. Consolidated Financial Statements Topic Consolidation 2c I and 3 Fair value of financial instruments 2c II and 28 Effective interest rate 2c III, 5, 8, 9 and 10 Change to financial assets 2c IV, 5, 8, 9 and 10 Transfer and write-off of financial assets 2c V, 5, 8, 9 and 10 Expected credit loss 2c VI, 8, 9, 10 and 32 Goodwill impairment 2c VII and 14 Deferred income tax and social contribution 2c VIII and 24 Defined benefit pension plan 2c IX and 26 Provisions, contingencies and legal obligations 2c X and 29 Technical provisions for insurance and private pension 2c XI and 27 |
Consolidation | I - Consolidation Subsidiaries are all those in which ITAÚ UNIBANCO HOLDING’s involvement exposes it or entitles it to variable returns and can affect these returns through its influence on the entity. The existence of control is assessed continuously. Subsidiaries are consolidated from the date control is established to the date on which it ceases to exist. The consolidated financial statements are prepared using consistent accounting policies. Intercompany asset and liability account balances, income accounts and transaction values have been eliminated. II - Fair value of financial instruments not traded in active markets, including derivatives The fair value of financial instruments, including derivatives that are not traded in active markets, is calculated by using valuation techniques based on assumptions that consider market information and conditions. The main assumptions are: historical data and information on similar transactions. For more complex or illiquid instruments, significant judgment is necessary to determine the model used with the selection of specific inputs and, in certain cases, evaluation adjustments are applied to the model amount our price quoted for financial instruments that are not actively traded. III - Effective interest rate For the calculation of the effective interest rate, ITAÚ UNIBANCO HOLDING estimates cash flows considering all contractual terms of the financial instrument, but without considering future credit losses. The calculation includes all commissions paid or received between parties to the contract, transaction costs, and all other premiums or discounts. Interest revenue is calculated by applying the effective interest rate to the gross carrying amount of a financial asset. In the case of purchased or originated credit impaired financial assets, the adjusted effective interest rate is applied, taking into account the expected credit loss, to the amortized cost of the financial asset. IV - Modification of financial assets The factors used to determine whether there has been substantial modification of a contract are: evaluation if there is a renegotiation that is not part of the original contractual terms, significant change to contractual cash flows and significant extensions of the term of the transaction due to the debtor's financial constraints, significant changes to the interest rate and change to the currency in which the transaction is denominated. V - Transfer and write-off of financial assets When there are no reasonable expectations of recovery of a financial asset, considering historical curves, its total or partial write-off is carried out concurrently with the use of the related allowance for expected credit loss, with no material effects on the Consolidated Statement of Income of ITAÚ UNIBANCO HOLDING. Subsequent recoveries of amounts previously written off are accounted for as income in the Consolidated Statement of Income. Thus, financial assets are written off, either totally or partially, when there is no reasonable expectation of recovering a financial asset or when ITAÚ UNIBANCO HOLDING substantially transfers all risks and benefits of ownership and said transfer is qualified to be written off. VI - Expected credit loss The measurement of expected credit loss requires the application of significant assumptions and use of quantitative models. Management exercises its judgment in the assessment of the adequacy of the expected loss amounts resulting from models and, according to its experience, makes adjustments that may result from certain client’ credit condition or temporary adjustments resulting from situations or new circumstances that have not been reflected in the modeling yet. The main assumptions are: • Term to maturity • Prospective information: • Macroeconomic scenarios: • Probability-weighted loss scenarios: • Determining criteria for significant increase or decrease in credit risk VII - Goodwill impairment The review of goodwill due to impairment reflects the Management's best estimate for future cash flows of Cash Generating Units (CGU), with the identification of the CGU and estimate of their fair value less costs to sell and/or value in use. To determine this estimate, ITAÚ UNIBANCO HOLDING adopts the discounted cash flow methodology for a period of 5 years, macroeconomic assumptions, growth rate and discount rate. The discount rate generally reflects financial and economic variables, such as the risk-free interest rate and a risk premium. Cash-Generating Units or CGU groups are identified at the lowest level at which goodwill is monitored for internal management purposes. VIII - Deferred income tax and social contribution Deferred tax assets are recognized only in relation to deductible temporary differences, tax losses and social contribution loss carryforwards for offset only to the extent that it is probable that ITAÚ UNIBANCO HOLDING will generate future taxable profit for its use. The expected realization of deferred tax assets is based on the projection of future taxable profits and technical studies. IX - Defined benefit pension plans The current amount of pension plans is obtained from actuarial calculations, which use assumptions such as discount rate, which is appropriated at the end of each year and used to determine the present value of estimated future cash outflows. To determine the appropriate discount rate, ITAÚ UNIBANCO HOLDING considers the interest rates of National Treasury Notes that have maturity terms similar to the terms of the respective liabilities. The main assumptions for Pension plan obligations are partly based on current market conditions. X - Provisions and contingencies ITAÚ UNIBANCO HOLDING periodically reviews its provisions and contingencies which are evaluated based on management´s best estimates, taking into account the opinion of legal counsel when there is a likelihood that financial resources will be required to settle the obligations and the amounts may be reasonably estimated. Contingencies classified as probable losses are recognized in the Balance Sheet under Provisions. Contingent amounts are measured using appropriate models and criteria that permit their measurement, despite the uncertainty inherent in timing and amounts. XI - Technical provisions for insurance and private pension Technical provisions are liabilities arising from obligations of ITAÚ UNIBANCO HOLDING to its policyholders and participants. These obligations may be short term liabilities (property and casualty insurance) or medium and long term liabilities (life insurance and pension plans). The determination of the actuarial liability is subject to several uncertainties inherent in the coverage of insurance and pension contracts, such as assumptions of persistence, mortality, disability, life expectancy, morbidity, expenses, frequency and severity of claims, conversion of benefits into annuities, redemptions and return on assets. The estimates for these assumptions are based on the historical experience of ITAÚ UNIBANCO HOLDING, benchmarks and the experience of the actuary, in order to comply with best market practices and constantly review of the actuarial liability. The adjustments resulting from these continuous improvements, when necessary, are recognized in the statement of income for the corresponding period. |
Summary of main accounting practices | d) Summary of main accounting practices I - Consolidation I.I - Subsidiaries In accordance with IFRS 10 - Consolidated Financial Statements, subsidiaries are all entities in which ITAÚ UNIBANCO HOLDING holds control. In the 3rd quarter of 2018, ITAÚ UNIBANCO HOLDING started adjusting the financial statements of its subsidiaries in Argentina to reflect the effects of hyperinflation, pursuant to IAS 29 - Financial Reporting in Hyperinflationary Economies. The following table shows the main consolidated companies, which together represent over 95 Summary of Consolidated Companies Functional Currency (1,2) Incorporation Country Activity Interest in voting capital % Interest in total capital % 12/31/2022 12/31/2021 12/31/2022 12/31/2021 In Brazil Banco Itaú BBA S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Consignado S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itaucard S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itauleasing S.A. (3) Real Brazil Financial institution - 100.00 - 100.00 Cia. Itaú de Capitalização Real Brazil Premium Bonds 100.00 100.00 100.00 100.00 Dibens Leasing S.A. - Arrendamento Mercantil Real Brazil Leasing 100.00 100.00 100.00 100.00 Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento Real Brazil Consumer finance credit 50.00 50.00 50.00 50.00 Hipercard Banco Múltiplo S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Itaú Corretora de Valores S.A. Real Brazil Securities Broker 100.00 100.00 100.00 100.00 Itaú Seguros S.A. Real Brazil Insurance 100.00 100.00 100.00 100.00 Itaú Unibanco S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Itaú Vida e Previdência S.A. Real Brazil Pension plan 100.00 100.00 100.00 100.00 Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento Real Brazil Consumer finance credit 50.00 50.00 50.00 50.00 Redecard Instituição de Pagamento S.A. Real Brazil Acquirer 100.00 100.00 100.00 100.00 Foreign Itaú CorpBanca Colombia S.A. Colombian peso Colombia Financial institution 65.27 49.30 65.27 49.30 Banco Itaú (Suisse) S.A. Swiss franc Switzerland Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Argentina S.A. Argentine peso Argentina Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Paraguay S.A. Guarani Paraguay Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Uruguay S.A. Uruguayan peso Uruguay Financial institution 100.00 100.00 100.00 100.00 Itau Bank, Ltd. Real Cayman Islands Financial institution 100.00 100.00 100.00 100.00 Itau BBA International plc US Dollar United Kingdom Financial institution 100.00 100.00 100.00 100.00 Itau BBA USA Securities Inc. US Dollar United States Securities Broker 100.00 100.00 100.00 100.00 Itaú CorpBanca Chilean peso Chile Financial institution 65.62 56.60 65.62 56.60 1) All overseas offices of ITAÚ UNIBANCO HOLDING have the same functional currency as the parent company, except for CorpBanca New York Branch and Itaú Unibanco S.A. Miami Branch, which uses the US dollar. 2) On January 1, 2022, the functional currency of the units Itaú Unibanco S.A. Miami Branch and Itaú BBA USA Securities Inc. was changed from reais into dollars due to the modification in the scope of activity and the main economic environment in which the units operate. 3) Company incorporated by Dibens Leasing S.A. - Arrendamento Mercantil at 03/31/2022. I.II - Business combinations In general, a business consists of an integrated set of activities and assets that may be conducted and managed so as to provide a return, in the form of dividends, lower costs or other economic benefits, to investors or other stockholders, members or participants. If there is goodwill in a set of activities and assets transferred, it is presumed to be a business. The acquisition method is used to account for business combinations, except for those classified as under common control. Acquisition cost is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the acquisition date. Acquired assets and assumed liabilities and contingent liabilities identifiable in a business combination are initially measured at fair value at the date of acquisition, regardless of the existence of non-controlling interests. When the amount paid, plus non-controlling interests, is higher than the fair value of identifiable net assets acquired, the difference will be accounted for as goodwill. On the other hand, if the difference is negative, it will be treated as negative goodwill and the amount will be recognized directly in income. I.III - Goodwill Goodwill is not amortized, but its recoverable value is assessed semiannually or when there is an indication of impairment loss using an approach that involves the identification of Cash Generating Units (CGU) and the estimate of its fair value less the cost to sell and/or its value in use. The breakdown of Goodwill and Intangible assets is described in Note 14. I.IV - Capital Transactions with non-controlling stockholders Changes in an ownership interest in a subsidiary, which do not result in a loss of control, are accounted for as capital transactions and any difference between the amount paid and the carrying amount of non-controlling stockholders is recognized directly in stockholders' equity. |
Foreign currency translation | II - Foreign currency translation II.I - Functional and presentation currency The Consolidated Financial Statements of ITAÚ UNIBANCO HOLDING are presented in Brazilian Reais, its functional and presentation currency. For each subsidiary, joint venture or investment in associates, ITAÚ UNIBANCO HOLDING defines the functional currency as the currency of the primary economic environment in which the entity operates. II.II - Foreign currency operations Foreign currency operations are translated into the functional currency using the exchange rates prevailing on the dates of the transactions. Foreign exchange gains and losses are recognized in the consolidated statement of income, unless they are related to cash flow hedges and hedges of net investment in foreign operations, which are recognized in stockholders’ equity. |
Cash and cash equivalents | III - Cash and cash equivalents Defined as cash and current accounts with banks, shown in the Balance Sheet under the headings Cash, Interbank Deposits and Securities purchased under agreements to resell (Collateral Held) with original maturities not exceeding 90 days. |
Financial assets and liabilities | IV - Financial assets and liabilities Financial assets and liabilities are offset against each other and the net amount is reported in the Balance Sheet only solely when there is a legally enforceable right to offset them and the intention to settle them on a net basis, or to simultaneously realize the asset and settle the liability. IV.I - Initial recognition and derecognition Financial assets and liabilities are initially recognized at fair value and subsequently measured at amortized cost or fair value. Regular purchases and sales of financial assets are recognized and derecognized, respectively, on the trading date. Financial assets are partially or fully derecognized when: • the contractual rights to the cash flows of the financial asset expire, or • ITAÚ UNIBANCO HOLDING transfers the financial asset and this transfer qualifies for derecognition. The financial liabilities are derecognized when they are extinguished, i.e., when the obligation specified in the contract is discharged, cancelled or expires. Derecognition of financial assets Financial assets are derecognized when ITAÚ UNIBANCO HOLDING substantially transfers all risks and benefits of its property. In the event it is not possible to identify the transfer of all risks and benefits, the control should be assessed to determine the continuous involvement related to the transaction. If there is a retention of risks and benefits, the financial asset continues to be recorded and a liability is recognized for the consideration received. IV.II Classification and subsequent measurement of financial assets Financial assets are classified in the following categories: • Amortized cost: used when financial assets are managed to obtain contractual cash flows, consisting solely of payments of principal and interest. • Fair value through other comprehensive income: used when financial assets are held both for obtaining contractual cash flows, consisting solely of payments of principal and interest, and for sale. • Fair value through profit or loss: used for financial assets that do not meet the aforementioned criteria. The classification and subsequent measurement of financial assets depend on: • The business model under which they are managed. • The characteristics of their cash flows (Solely Payment of Principal and Interest Test – SPPI Test). Business model: When a financial asset is subject to business models i) or ii) the application of the SPPI Test is required. SPPI Test: Amortized cost Amortized cost is the amount at which the financial asset or liability is measured at initial recognition, plus adjustments made under the effective interest method, less repayments of principal and interest, and any provision for expected credit loss. Fair value Fair value is the price that would be received for the sale of an asset or that would be paid for the transfer of a liability in an orderly transaction between market participants on the measurement date. ITAÚ UNIBANCO HOLDING classifies the fair value hierarchy according to the relevance of data observed in the measurement process. Details of the fair value of financial instruments, including Derivatives, and of the hierarchy of fair value are given in Note 28. The adjustment to fair value of financial assets and liabilities is recognized: • In stockholders' equity for financial assets and liabilities measured at fair value through other comprehensive income. • In the Consolidated Statement of Income, under the heading Income of Financial Assets and Liabilities at Fair Value through Profit or Loss, for the other financial assets and liabilities. Average cost is used to determine the gains and losses realized on disposal of financial assets at fair value, which are recorded in the Consolidated Statement of Income as Interest and similar income and Income of Financial Assets and Liabilities at Fair Value through Profit or Loss. Dividends on assets at fair value through other comprehensive income are recognized in the Consolidated Statement of Income as Interest and similar income when it is probable that ITAÚ UNIBANCO HOLDING 's right to receive such dividends is assured. Equity instruments An equity instrument is any contract that evidences a residual interest in an entity’s assets, after the deduction of all its liabilities, such as Shares and Units. ITAÚ UNIBANCO HOLDING subsequently measures all its equity instruments at fair value through profit or loss, except when Management opts, on initial recognition, to irrevocably designate an equity instrument at fair value through other comprehensive income when it is held for a purpose other than only generating returns. When this option is selected, gains and losses on the fair value of the instrument are recognized in the Consolidated Statement of Comprehensive Income and are not subsequently reclassified to the Consolidated Statement of Income, even on sale. Dividends continue to be recognized in the Consolidated Statement of Income as Interest and similar income, when ITAÚ UNIBANCO HOLDING’s right to receive them is assured. Gains and losses on equity instruments measured at fair value through profit or loss are accounted in the Consolidated Statement of Income. Expected credit loss ITAÚ UNIBANCO HOLDING makes a forward-looking assessment of the expected credit loss on financial assets measured at amortized cost or through other comprehensive income, loan commitments and financial guarantee contracts: • Financial assets: • Loan commitments: • Financial guarantees: ITAÚ UNIBANCO HOLDING applies a three-stage approach to measuring the expected credit loss, in which financial assets migrate from one stage to the other in accordance with changes in credit risk. • Stage 1 – 12-month expected credit loss: represents default events possible within 12 months. Applicable to financial assets which are not credit impaired when purchased or originated. • Stage 2 – Lifetime expected credit loss of financial instrument: considers all possible default events. Applicable to financial assets originated which are not credit impaired when originated or purchased but for which credit risk has increased significantly. • Stage 3 – Credit loss expected for credit-impaired assets: considers all possible default events. Applicable to financial assets which are credit impaired when purchased or originated. The measurement of assets classified in this stage is different from Stage 2 due to the recognition of interest income by applying the effective interest rate to amortized cost (net of provision) rather than to the gross carrying amount. An asset will migrate between stages as its credit risk increases or decreases. Therefore, a financial asset that migrated to stages 2 and 3 may return to stage 1, unless it was purchased or originated credit impaired financial asset. Macroeconomic scenarios Forward-looking information is based on macroeconomic scenarios that are reassessed annually or when market conditions so require. Additional information is described in Note 32. Modification of contractual cash flows When contractual cash flows of a financial asset are renegotiated or otherwise modified and this does not substantially change its terms and conditions, ITAÚ UNIBANCO HOLDING does not derecognize it. However, the gross carrying amount of this financial asset is recalculated as the present value of the renegotiated or changed contractual cash flows, discounted at the original effective interest rate and a modification gain or loss is recognized in profit or loss. Any costs or fees incurred adjust the modified carrying amount and are amortized over the remaining term of the financial asset. If, on the other hand, the renegotiation or change substantially modifies the terms and conditions of the financial asset, ITAÚ UNIBANCO HOLDING derecognizes the original asset and recognizes a new one. Accordingly, the renegotiation date is taken as the initial recognition date of the new asset for expected credit loss calculation purposes, and to determine significant increases in credit risk. ITAÚ UNIBANCO HOLDING also assesses if the new financial asset may be considered as purchased or originated credit impaired financial asset, particularly when the renegotiation was motivated by the debtor’s financial constraints. Differences between the carrying amount of the original asset and fair value of the new asset are immediately recognized in the Consolidated Statement of Income. The effects of changes in cash flows of financial assets and other details about methodologies and assumptions adopted by Management to measure the allowance for expected credit loss, including the use of prospective information, are detailed in Note 32. IV.III - Classification and subsequent measurement of financial liabilities Financial liabilities are subsequently measured at amortized cost, except for: • Financial liabilities at fair value through profit or loss: • Loan commitments and financial guarantees: Modification of financial liabilities A debt instrument change or substantial terms modification of a financial liability is accounted as a derecognition of the original financial liability and a new one is recognized. A substantial change to contractual terms occurs when the discounted present value of cash flows under the new terms, including any fees paid/received and discounted using the original effective interest rate, is at least 10 IV.IV - Securities purchased under agreements to resell ITAÚ UNIBANCO HOLDING purchases financial assets with a resale commitment (resale agreements) and sells securities with a repurchase commitment (repurchase agreement) of financial assets. Resale and repurchase agreements are accounted for under Securities purchased under agreements to resell and Securities sold under repurchase agreements, respectively. The difference between the sale and repurchase prices is treated as interest and recognized over the life of the agreements using the effective interest rate method. The financial assets taken as collateral in resale agreements can be used as collateral for repurchase agreements if provided for in the agreements or can be sold. IV.V - Derivatives All derivatives are accounted for as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The valuation of active hybrid contracts that are subject to IFRS 9 is carried out as a whole, including all embedded characteristics, whereas the accounting is carried out on a joint basis, i.e. each instrument is measured at fair value through profit or loss. When a contract has a main component outside the scope of IFRS 9, such as a lease agreement receivable or an insurance contract, or even a financial liability, embedded derivatives are treated as separate financial instruments if: • Their characteristics and economic risks are not closely related to those of the main component. • The separate instrument meets the definition of a derivative. • The underlying instrument is not booked at fair value through profit or loss. These embedded derivatives are accounted for separately at fair value, with variations recognized in the Consolidated Statement of Income as Adjustments to Fair Value of Financial Assets and Liabilities. ITAÚ UNIBANCO HOLDING will continue applying all the hedge accounting requirements of IAS 39; however, it may adopt the provisions of IFRS 9, if Management so decides. According to this standard, derivatives may be designated and qualified as hedging instruments for accounting purposes and, the method for recognizing gains or losses of fair value will depending on the nature of the hedged item. At the beginning of a hedging transaction, ITAÚ UNIBANCO HOLDING documents the relationship between the hedging instrument and the hedged items, as well as its risk management objective and strategy. The hedge is assessed on an ongoing basis to determine if it has been highly effective throughout all periods of the Financial Statements for which it was designated. IAS 39 describes three hedging strategies: fair value hedge, cash flow hedge, and hedge of net investments in a foreign operation. ITAÚ UNIBANCO HOLDING uses derivatives as hedging instruments under all three hedge strategies, as detailed in Note 7. Fair value hedge The following practices are adopted for these operations: • The gain or loss arising from the remeasurement of the hedging instrument at fair value is recognized in income. • The gain or loss arising from the hedged item, attributable to the effective portion of the hedged risk, is applied to the book value of the hedged item and is also recognized in income. When a derivative expires or is sold or a hedge no longer meets the hedge accounting criteria or in the event the designation is revoked, the hedge accounting must be prospectively discontinued. In addition, any adjustment to the book value of the hedged item must be amortized in income. Cash flow hedge For derivatives that are designated and qualify as hedging instruments in a cash flow hedge, the practices are: • The effective portion of gains or losses on derivatives is recognized directly in Other comprehensive income – Cash flow hedge. • The portion of gain or loss on derivatives that represents the ineffective portion or on hedge components excluded from the assessment of effectiveness is recognized in income. Amounts originally recorded in Other comprehensive income and subsequently reclassified to Income are recognized in the caption Income of financial assets and Liabilities at fair value through profit or loss at the same time that the corresponding income or expense item of the financial hedge item affects income. For non-financial hedge items, the amounts originally recognized in Other comprehensive income are included in the initial cost of the corresponding asset or liability. When a derivative expires or is sold, when hedge accounting criteria are no longer met or when the entity revokes the hedge accounting designation, any cumulative gain or loss existing in Other comprehensive income will be reclassified to income at the time the expected transaction occurs or is no longer expected to occur. Hedge of net investments in foreign operations The hedge of a net investment in a foreign operation, including the hedge of a monetary item that is booked as part of the net investment, is accounted for in a manner similar to a cash flow hedge: • The portion of gain or loss on the hedging instrument determined as effective is recognized in Other comprehensive income. • The ineffective portion is recognized in income. Gains or losses on the hedging instrument related to the effective portion of the hedge which are recognized in Other comprehensive income are reclassified to income for the period when the foreign operation is partially or totally sold. IV.VI - Loan operations ITAÚ UNIBANCO HOLDING classifies a loan as non-performing if the payment of the principal or interest has been overdue for 60 days or more. In this case, accrual of interest is no longer recognized. IV.VII - Premium bonds plans In Brazil, Premium bonds plans are regulated by the insurance regulator. These plans do not meet the definition of an insurance contract under IFRS 4, and therefore they are classified as a financial liability at amortized cost under IFRS 9. Revenue from premium bonds plans is recognized during the period of the contract and measured as the difference between the amount deposited by the customer and the amount that ITAÚ UNIBANCO HOLDING has to reimburse. IV.VIII - Loan commitments and financial guarantees ITAÚ UNIBANCO HOLDING recognizes as an obligation in the Balance Sheet, on the issue date, the fair value of commitments for loans and financial guarantees. The fair value is generally represented by the fee charged to the customer. This amount is amortized over the term of the instrument and is recognized in the Statement of Income under the heading Commissions and Banking Fees. After issue, if ITAÚ UNIBANCO HOLDING concludes based on the best estimate, that the expected credit loss in relation to the guarantee issued is higher than the fair value less accumulated amortization, this amount is replaced by a provision for loss. |
Investments in associates and joint ventures | V - Investments in associates and joint ventures V.I - Associates Associates are companies in which the investor has a significant influence but does not hold control. Investments in these companies are initially recognized at cost of acquisition and subsequently accounted for using the equity method. Investments in associates and joint ventures include the goodwill identified upon acquisition, net of any cumulative impairment loss. V.II - Joint ventures ITAÚ UNIBANCO HOLDING has joint ventures whereby the parties that have joint control of the arrangement have rights to the net assets. ITAÚ UNIBANCO HOLDING’s share in profits or losses of its associates and joint ventures after acquisition is recognized in the Consolidated statement of income. Its share of the changes in the share in other comprehensive income of corresponding stockholders’ equity of its associates and joint ventures is recognized in its own capital reserves. The cumulative changes after acquisition are adjusted against the carrying amount of the investment. When the ITAÚ UNIBANCO HOLDING’s share of losses in associates and joint ventures is equal to or more than the value of its interest, including any other receivables, ITAÚ UNIBANCO HOLDING does not recognize additional losses, unless it has incurred any obligations or made payments on behalf of the associates and joint ventures. Unrealized profits on transactions between ITAÚ UNIBANCO HOLDING and its associates and joint ventures are eliminated to the extent of the interest of ITAÚ UNIBANCO HOLDING. Unrealized losses are also eliminated, unless the transaction provides evidence of impairment of the transferred asset. The accounting policies on associates and joint ventures entities are changed, as necessary, to ensure consistency with the policies adopted by ITAÚ UNIBANCO HOLDING. If its interest in the associates and joint ventures decreases, but ITAÚ UNIBANCO HOLDING retains significant influence or joint control, only the proportional amount of the previously recognized amounts in Other comprehensive income is reclassified in Income, when appropriate. |
Lease operations (Lessee) | VI - Lease operations (Lessee) ITAÚ UNIBANCO HOLDING leases mainly real estate properties (underlying assets) to carry out its business activities. The initial recognition occurs when the agreement is signed, in the heading Other Liabilities, which corresponds to the total future payments at present value as a counterparty to the right-of-use assets, depreciated under the straight-line method for the lease term and tested semiannually to identify possible impairment losses. The financial expense corresponding to interest on lease liabilities is recognized in the heading Interest and Similar Expense in the Consolidated Statement of Income. |
Fixed assets | VII - Fixed assets Fixed assets are booked at their acquisition cost less accumulated depreciation, and adjusted for impairment, if applicable. Depreciation is calculated on the straight-line method using rates based on the estimated useful lives of these assets. Such rates and other details are presented in Note 13. The residual values and useful lives of assets are reviewed and adjusted, if appropriate, at the end of each period. ITAÚ UNIBANCO HOLDING reviews its assets in order to identify indications of impairment in their recoverable amounts. The recoverable amount of an asset is defined as the higher of its fair value less the cost to sell and its value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which independent cash flows can be identified (cash-generating units). The assessment may be made at an individual asset level when the fair value less the cost to sell can be reliably determined. Gains and losses on disposals of fixed assets are recognized in the Consolidated statement of income under Other income or General and administrative expenses. |
Intangible assets | VIII - Intangible assets Intangible assets are non-physical assets, including software and other assets, and are initially recognized at cost. Intangible assets are recognized when they arise from legal or contractual rights, their costs can be reliably measured, and in the case of intangible assets not arising from separate acquisitions or business combinations, it is probable that future economic benefits may arise from their use. The balance of intangible assets refers to acquired assets or those internally generated. Intangible assets may have definite or indefinite useful lives. Intangible assets with definite useful lives are amortized using the straight-line method over their estimated useful lives. Intangible assets with indefinite useful lives are not amortized, but periodically tested in order to identify any impairment. ITAÚ UNIBANCO HOLDING semiannually assesses its intangible assets in order to identify whether any indications of impairment exist, as well as possible reversal of previous impairment losses. If such indications are found, intangible assets are tested for impairment. The recoverable amount of an asset is defined as the higher of its fair value less the cost to sell and its value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which independent cash flows can be identified (cash-generating units). The assessment may be made at an individual asset level when the fair value less the cost to sell can be reliably determined. ITAÚ UNIBANCO HOLDING uses the cost model to measure its intangible assets after its initial recognition. The breakdown of Goodwill and Intangible assets is described in Note 14. |
Assets held for sale | IX - Assets held for sale Assets held for sale are recognized in the balance sheet under the heading Other assets when they are actually repossessed or there is intention to sell. These assets are initially recorded at the lower of: (i) the fair value of the asset less the estimated selling expenses, or (ii) the carrying amount of the related asset held for sale. |
Income tax and social contribution | X - Income tax and social contribution There are two components of the provision for income tax and social contribution: current and deferred. The current component is approximately the total of taxes to be paid or recovered during the reporting period. Deferred income tax and social contribution, represented by deferred tax assets and liabilities, is obtained based on the differences between the tax bases of assets and liabilities and the amounts reported at the end of each period. The income tax and social contribution expense is recognized in the Consolidated statement of income under Income tax and social contribution, except when it refers to items directly recognized in Other comprehensive income, such as: tax on fair value of financial assets measured at fair value through Other comprehensive income, post-employment benefits and tax on cash flow hedges and hedges of net investment in foreign operations. Subsequently, these items are recognized in income upon realization of the gain/loss on the instruments. Changes in tax legislation and rates are recognized in the Consolidated statement of income in the period in which they are enacted. Interest and fines are recognized in the Consolidated statement of income under General and administrative expenses. To determine the proper level of provisions for taxes to be maintained for uncertain tax positions, the approach applied, is that a tax benefit is recognized if it is more likely than not that a position can be sustained, under the assumptions for recognition, detailed in item 2d XIV. |
Insurance contracts and private pensions | XI - Insurance contracts and private pensions Insurance contracts are contracts under which ITAÚ UNIBANCO HOLDING accepts a significant insurance risk of the counterparty, by agreeing to compensate it if a specified uncertain future event adversely affects it. An insurance risk is significant only if the insurance event could cause ITAÚ UNIBANCO HOLDING to pay significant additional benefits in any scenario, other than those that do not have commercial substance. Additional benefits refer to amounts that exceed those that would be payable if no insured event occurred. Upon its first-time adoption of the IFRS, ITAÚ UNIBANCO HOLDING decided not to change its accounting policies for insurance contracts, which follow the accounting practices generally accepted in Brazil (“BRGAAP”). Although investment agreements with discretionary participation characteristics are financial instruments, they are treated as insurance contracts, as established by IFRS 4, as well as those transferring a significant financial risk. Once a contract is classified as an insurance contract, it remains as such until the end of its life, even if the insurance risk is significantly reduced during the period, unless all rights and obligations are extinguished or expire. Note 27 provides a detailed description of all products classified as insurance contracts. Private pension plans Contracts that provide for retirement benefits after an accumulation period (known as PGBL, VGBL and FGB) provide a guarantee, at the commencement date of the contract, of the basis for calculating the retirement benefit (mortality table and minimum interest rates). The contracts specify the annuity rates and, therefore, the insurance risk is transferred to the issuer from the start. These contracts are classified as insurance contracts. Insurance premiums Insurance premiums are recognized upon issue of an insurance policy or over the period of the contracts in proportion to the amount of the insurance coverage. If there is evidence of impairment losses with respect to receivables for insurance premiums, ITAÚ UNIBANCO HOLDING recognizes a provision, sufficient to cover this loss, based on a risk analysis of realization of insurance premiums receivable with installments overdue for over 60 days. Reinsurance In the ordinary course of business, ITAÚ UNIBANCO HOLDING reinsures a portion of the risks underwritten, particularly property and casualty risks that exceed the maximum limits of responsibility that it determines to be appropriate for each segment and product (after a study which considers size, experience, special features, and the capital necessary to support these limits). These reinsurance agreements allow the recovery of a portion of the losses from the reinsurer, although they do not release the insurer from the main obligation as direct insurer of the risks covered by the reinsurance. ITAÚ UNIBANCO HOLDING mainly holds non-proportional contracts, which transfer part of its responsibility to the reinsurance company for losses that will materialize after a certain level of claims in the portfolio. Reinsurance premiums of these contracts are accounted for under Other Assets, over the life of each contract. If there is any evidence of impairment loss, ITAÚ UNIBANCO HOLDING recognizes a provision when the default period exceeds 180 days from the registration of the request for funding of claims paid. Acquisition costs Acquisition costs include direct and indirect costs related to the origination of insurance. These costs are recorded directly in result as incurred, except for deferred acquisition costs (commissions paid for brokerage services, agency and prospecting efforts), which are recorded proportionally to the recognition of premium revenues, i.e. over the term corresponding to the insurance contract. Insurance Contract Liabilities Reserves for claims are established based on past experience, claims in process of payment, estimated amounts of claims incurred but not yet reported, and other factors relevant to the required reserve levels. Liability Adequacy Test ITAÚ UNIBANCO HOLDING tests liability adequacy by adopting current actuarial assumptions for future cash flows of all insurance contracts in force at the balance sheet date. Should the analysis show insufficiency, any shortfall identified will immediately be accounted for in income for the period. The assumptions used to conduct the liability adequacy test are detailed in Note 27. |
Post-employment benefits | XII - Post-employment benefits ITAÚ UNIBANCO HOLDING sponsors Defined Benefit Plans and Defined Contribution Plans, which are accounted for in accordance with IAS 19 – Benefits to Employees. ITAÚ UNIBANCO HOLDING is required to make contributions to government social security and labor indemnity plans, in Brazil and in other countries where it operates. Pension plans - Defined benefit plans The liability or asset, as the case may be, recognized in the Balance Sheet with respect to a defined benefit plan, corresponds to the present value of defined benefit obligations at the balance sheet date less the fair value of plan assets. The defined benefit obligations are calculated annually using the projected unit credit method. Pension plans - Defined contribution For defined contribution plans, contributions to plans made by ITAÚ UNIBANCO HOLDING, through pension plan funds, are recognized as liabilities, with a counterparty to expenses, when due. If contributions made exceed the liability for a service provided, it will be accounted for as an asset recognized at fair value, and any adjustments are recognized in Stockholders’ equity, under Other comprehensive income, in the period when they occur. Other post-employment obligations Like defined benefit pension plans, these obligations are assessed annually by actuarial specialists, and costs expected from these benefits are accrued over the period of employment. Gains and losses arising from changes in practices and variations in actuarial assumptions are recognized in Stockholders’ equity, under Other comprehensive income, in the period in which they occur. |
Share-based payments | XIII - Share-based payments Share-based payments are booked for the value of equity instruments granted based on their fair value at the grant date. This cost is recognized during the vesting period of the instruments right. The total amount to be expensed is determined by reference to the fair value of the equity instruments excluding the impact of any service commissions and fees and non-market performance vesting conditions (in particular when an employee remains with the company for specific period of time). |
Provisions, contingent assets and contingent liabilities | XIV - Provisions, contingent assets and contingent liabilities These are possible rights and potential obligations arising from past events for which realization depends on uncertain future events. Contingent assets are not recognized in the Financial Statements, except when the Management of ITAÚ UNIBANCO HOLDING considers that realization is practically certain. In general they correspond to lawsuits with favorable outcomes in final and unappealable judgments and to the withdrawal of lawsuits as a result of a settlement payment received or an agreement for set-off against an existing liability. These contingencies are evaluated based on Management’s best estimates, and are classified as: • Probable: • Possible: • Remote: The amount of deposits in guarantee is adjusted in accordance with current legislation. |
Capital | XV - Capital Common and preferred shares, which for accounting purposes are equivalent to common shares but without voting rights are classified in Stockholders’ equity. The additional costs directly attributable to the issue of new shares are included in Stockholders’ equity as a deduction from the proceeds, net of taxes. |
Treasury shares | XVI - Treasury shares Common and preferred shares repurchased are recorded in Stockholders’ equity under Treasury shares at their average purchase price. Shares that are subsequently sold, such as those sold to grantees under our share-based payment scheme, are recorded as a reduction in treasury shares, measured at the average price of treasury stock held at that date. The difference between the sale price and the average price of the treasury shares is recorded as a reduction or increase in Capital Reserves. The cancellation of treasury shares is recorded as a reduction in Treasury shares against Capital Reserves, at the average price of treasury shares at the cancellation date. |
Dividends and interest on capital | XVII - Dividends and interest on capital Minimum dividend amounts established in the bylaws are recorded as liabilities at the end of each year. Any other amount above the mandatory minimum dividend is accounted for as a liability when approved by of the Board of Directors. Interest on capital is treated for accounting purposes as a dividend, and it is presented as a reduction of stockholders' equity in the consolidated financial statements. Dividends have been and continue to be calculated and paid on the basis of the financial statements prepared under Brazilian accounting standards and regulations for financial institutions, not these Consolidated financial statements prepared according to the IFRS. Dividends and interest on capital are presented in Note 19. |
Earnings per share | XVIII - Earnings per share ITAÚ UNIBANCO HOLDING grants stock options whose dilutive effect is reflected in diluted earnings per share, with the application of the “treasury stock method", whereby earnings per share are calculated as if all the stock options had been exercised and the proceeds used to purchase shares of ITAÚ UNIBANCO HOLDING. Earnings per share are presented in Note 25. |
Segment information | XIX - Segment information Segment information disclosed is consistent with the internal reports prepared for the Executive Committee which makes the operational decisions ITAÚ UNIBANCO HOLDING. ITAÚ UNIBANCO HOLDING has three 3 Segment information is presented in Note 30. |
Commissions and Banking Fees | XX - Commissions and Banking Fees Commissions and Banking Fees are recognized when ITAÚ UNIBANCO HOLDING provides or offers services to customers, in an amount that reflects the consideration ITAÚ UNIBANCO HOLDING expects to collect in exchange for those services. A five-step model is applied to account for revenues: i) identification of the contract with a customer; ii) identification of the performance obligations in the contract; iii) determination of the transaction price; iv) allocation of the transaction price to the performance obligations in the contract; and v) revenue recognition, when performance obligations agreed upon in agreements with clients are met. Incremental costs and costs to fulfill agreements with clients are recognized as an expense as incurred. The main services provided by ITAÚ UNIBANCO HOLDING are: • Credit and debit cards: • Current account services: • Economic, Financial and Brokerage Advisory: Service revenues related to credit, debit, current account and economic, financial and brokerage advisory cards are recognized when said services are provided. • Funds management: • Credit operations and financial guarantees provided: • Collection services: Revenue from certain services, such as fees from funds management, collection and custody, are recognized over the life of the respective agreements, as services are provided. |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Significant Accounting Policies | |
Consolidated Financial Statements | Consolidated Financial Statements Topic Consolidation 2c I and 3 Fair value of financial instruments 2c II and 28 Effective interest rate 2c III, 5, 8, 9 and 10 Change to financial assets 2c IV, 5, 8, 9 and 10 Transfer and write-off of financial assets 2c V, 5, 8, 9 and 10 Expected credit loss 2c VI, 8, 9, 10 and 32 Goodwill impairment 2c VII and 14 Deferred income tax and social contribution 2c VIII and 24 Defined benefit pension plan 2c IX and 26 Provisions, contingencies and legal obligations 2c X and 29 Technical provisions for insurance and private pension 2c XI and 27 |
Summary of Consolidated Companies | Summary of Consolidated Companies Functional Currency (1,2) Incorporation Country Activity Interest in voting capital % Interest in total capital % 12/31/2022 12/31/2021 12/31/2022 12/31/2021 In Brazil Banco Itaú BBA S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Consignado S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itaucard S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Banco Itauleasing S.A. (3) Real Brazil Financial institution - 100.00 - 100.00 Cia. Itaú de Capitalização Real Brazil Premium Bonds 100.00 100.00 100.00 100.00 Dibens Leasing S.A. - Arrendamento Mercantil Real Brazil Leasing 100.00 100.00 100.00 100.00 Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento Real Brazil Consumer finance credit 50.00 50.00 50.00 50.00 Hipercard Banco Múltiplo S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Itaú Corretora de Valores S.A. Real Brazil Securities Broker 100.00 100.00 100.00 100.00 Itaú Seguros S.A. Real Brazil Insurance 100.00 100.00 100.00 100.00 Itaú Unibanco S.A. Real Brazil Financial institution 100.00 100.00 100.00 100.00 Itaú Vida e Previdência S.A. Real Brazil Pension plan 100.00 100.00 100.00 100.00 Luizacred S.A. Sociedade de Crédito, Financiamento e Investimento Real Brazil Consumer finance credit 50.00 50.00 50.00 50.00 Redecard Instituição de Pagamento S.A. Real Brazil Acquirer 100.00 100.00 100.00 100.00 Foreign Itaú CorpBanca Colombia S.A. Colombian peso Colombia Financial institution 65.27 49.30 65.27 49.30 Banco Itaú (Suisse) S.A. Swiss franc Switzerland Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Argentina S.A. Argentine peso Argentina Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Paraguay S.A. Guarani Paraguay Financial institution 100.00 100.00 100.00 100.00 Banco Itaú Uruguay S.A. Uruguayan peso Uruguay Financial institution 100.00 100.00 100.00 100.00 Itau Bank, Ltd. Real Cayman Islands Financial institution 100.00 100.00 100.00 100.00 Itau BBA International plc US Dollar United Kingdom Financial institution 100.00 100.00 100.00 100.00 Itau BBA USA Securities Inc. US Dollar United States Securities Broker 100.00 100.00 100.00 100.00 Itaú CorpBanca Chilean peso Chile Financial institution 65.62 56.60 65.62 56.60 1) All overseas offices of ITAÚ UNIBANCO HOLDING have the same functional currency as the parent company, except for CorpBanca New York Branch and Itaú Unibanco S.A. Miami Branch, which uses the US dollar. 2) On January 1, 2022, the functional currency of the units Itaú Unibanco S.A. Miami Branch and Itaú BBA USA Securities Inc. was changed from reais into dollars due to the modification in the scope of activity and the main economic environment in which the units operate. 3) Company incorporated by Dibens Leasing S.A. - Arrendamento Mercantil at 03/31/2022. |
Interbank deposits and securi_2
Interbank deposits and securities purchased under agreements to resell (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Interbank Deposits And Securities Purchased Under Agreements To Resell | |
Summary of Interbank Deposits and Securities Purchased Under Agreements to Resell | Summary of Interbank Deposits and Securities Purchased Under Agreements to Resell 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Securities purchased under agreements to resell (1) 221,726 50 221,776 168,937 774 169,711 Collateral held 69,870 50 69,920 54,187 774 54,961 Collateral repledge 128,542 - 128,542 103,968 - 103,968 Assets received as collateral with right to sell or repledge 14,846 - 14,846 22,139 - 22,139 Assets received as collateral without right to sell or repledge 113,696 - 113,696 81,829 - 81,829 Collateral sold 23,314 - 23,314 10,782 - 10,782 Interbank deposits 56,672 2,914 59,586 64,049 5,885 69,934 Total (2) 278,398 2,964 281,362 232,986 6,659 239,645 1) The amounts of R$ 14,576 9,266 151,856 114,750 2) Includes losses in the amounts of R$ (9) (15) |
Financial assets at fair valu_3
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial Assets At Fair Value Through Profit Or Loss And Designated At Fair Value Through Profit Or Loss - Securities | |
Summary of Financial Assets at Fair Value Through Profit or Loss | Summary of Financial Assets at Fair Value Through Profit or Loss 12/31/2022 12/31/2021 Cost Adjustments to Fair Value (in Income) Fair value Cost Adjustments to Fair Value (in Income) Fair value Investment funds 33,011 (520) 32,491 20,130 9 20,139 Brazilian government securities (1) 230,924 (572) 230,352 223,529 (1,774) 221,755 Government securities – abroad (1) 8,007 10 8,017 5,581 (20) 5,561 Argentina 669 4 673 901 29 930 Chile 1,648 (1) 1,647 839 (2) 837 Colombia 844 6 850 1,071 (12) 1,059 United States 612 (2) 610 2,706 (35) 2,671 Israel 852 8 860 - - - Mexico 15 (2) 13 19 - 19 Paraguay 40 - 40 10 - 10 Peru 7 (1) 6 8 - 8 Switzerland 3,059 (1) 3,058 - - - Uruguay 261 (1) 260 27 - 27 Corporate securities (1) 117,572 (4,893) 112,679 116,346 (1,878) 114,468 Shares 16,931 (1,394) 15,537 20,293 (936) 19,357 Rural product note 2,484 33 2,517 6,752 100 6,852 Bank deposit certificates 360 - 360 150 - 150 Real estate receivables certificates 1,580 (100) 1,480 1,075 (63) 1,012 Debentures 66,223 (3,281) 62,942 66,730 (942) 65,788 Eurobonds and other 4,499 (126) 4,373 5,293 (40) 5,253 Financial bills 19,409 (31) 19,378 10,128 (17) 10,111 Promissory and commercial notes 3,888 12 3,900 4,655 29 4,684 Other 2,198 (6) 2,192 1,270 (9) 1,261 Total 389,514 (5,975) 383,539 365,586 (3,663) 361,923 1) Financial assets at fair value through profit or loss – Securities pledged as Guarantee of Funding of Financial Institutions and Customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 45,746 50,116 317 171 14,199 15,984 60,262 66,271 |
Summary of Cost and Fair Value of Financial Assets Held for Trading by Maturity | Summary of Cost and Fair Value of Financial Assets Held for Trading by Maturity The cost and fair value per maturity of Financial Assets at Fair Value Through Profit or Loss - Securities were as follows: 12/31/2022 12/31/2021 Cost Fair value Cost Fair value Current 147,563 145,722 78,151 77,057 Non-stated maturity 39,137 37,223 33,781 32,853 Up to one year 108,426 108,499 44,370 44,204 Non-current 241,951 237,817 287,435 284,866 From one to five years 170,372 169,113 212,424 211,325 From five to ten years 49,186 47,916 51,434 50,688 After ten years 22,393 20,788 23,577 22,853 Total 389,514 383,539 365,586 361,923 |
Summary of Financial Assets Designated at Fair Value Through Profit or Loss | Summary of Financial Assets Designated at Fair Value Through Profit or Loss 12/31/2022 Cost Adjustments to Fair Value (in Income) Fair value Brazilian government securities 1,505 55 1,560 Total 1,505 55 1,560 12/31/2021 Cost Adjustments to Fair Value (in Income) Fair value Brazilian external debt bonds 3,075 (31) 3,044 Total 3,075 (31) 3,044 The cost and fair value by maturity of financial assets designated as fair value through profit or loss - Securities were as follows: 01/01/2022 12/31/2022 12/31/2021 01/01/2021 Cost Fair Value Cost Fair Value Current 1,505 1,560 1,474 1,458 Up to one year 1,505 1,560 1,474 1,458 Non-current - - 1,601 1,586 From one to five years - - 1,601 1,586 Total 1,505 1,560 3,075 3,044 |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivatives Abstract | |
Schedule of Composition of Derivative Financial Instruments Portfolio | See below the composition of the Derivative financial instruments portfolio (assets and liabilities) by type of instrument, stated fair value and maturity date. Schedule of Composition of Derivative Financial Instruments Portfolio 12/31/2022 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Assets Swaps – adjustment receivable 46,902 59.9 4,866 1,022 1,635 2,842 8,261 28,276 Option agreements 23,671 30.3 15,610 923 1,443 4,283 802 610 Forwards 601 0.8 460 74 58 3 - 6 Credit derivatives 492 0.6 3 - 10 9 9 461 NDF - Non Deliverable Forward 6,140 7.9 1,632 1,095 926 1,220 995 272 Other Derivative Financial Instruments 402 0.5 1 28 1 5 26 341 Total 78,208 100.0 22,572 3,142 4,073 8,362 10,093 29,966 % per maturity date 28.9 4.0 5.2 10.7 12.9 38.3 12/31/2022 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Liabilities Swaps – adjustment payable (39,068) 50.8 (2,835) (881) (1,241) (2,992) (7,344) (23,775) Option agreements (29,882) 38.9 (3,221) (2,973) (9,214) (12,900) (901) (673) Forwards (65) 0.1 (55) (5) - (5) - - Credit derivatives (604) 0.8 - - (2) (1) (7) (594) NDF - Non Deliverable Forward (6,626) 8.6 (1,672) (1,722) (863) (1,213) (707) (449) Other Derivative Financial Instruments (616) 0.8 (219) (37) (12) (53) (97) (198) Total (76,861) 100.0 (8,002) (5,618) (11,332) (17,164) (9,056) (25,689) % per maturity date 10.4 7.3 14.7 22.3 11.8 33.5 1) Comprises R$ 24 pegged to Libor. 12/31/2021 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Assets Swaps – adjustment receivable 38,014 55.0 1,820 370 837 2,596 7,341 25,050 Option agreements 21,252 30.8 10,599 3,515 3,788 1,913 683 754 Forwards 3,111 4.5 1,595 1,167 290 56 3 - Credit derivatives 242 0.4 - - 7 8 22 205 NDF - Non Deliverable Forward 5,943 8.6 1,193 1,207 1,109 1,053 752 629 Other Derivative Financial Instruments 483 0.7 285 2 - 6 25 165 Total 69,045 100.0 15,492 6,261 6,031 5,632 8,826 26,803 % per maturity date 22.4 9.1 8.7 8.2 12.8 38.8 12/31/2021 Fair value (1) % 0-30 31-90 91-180 181-365 366-720 Over 720 days Liabilities Swaps – adjustment payable (34,646) 54.9 (1,562) (638) (1,057) (2,275) (6,944) (22,170) Option agreements (22,547) 35.7 (4,086) (5,170) (7,479) (4,247) (786) (779) Forwards (762) 1.2 (762) - - - - - Credit derivatives (198) 0.3 - - (1) (1) (8) (188) NDF - Non Deliverable Forward (4,896) 7.7 (739) (1,256) (565) (1,097) (822) (417) Other Derivative Financial Instruments (155) 0.2 (4) (2) (6) (5) (36) (102) Total (63,204) 100.0 (7,153) (7,066) (9,108) (7,625) (8,596) (23,656) % per maturity date 11.3 11.2 14.4 12.1 13.6 37.4 |
Summary of the Composition of Derivatives by Index | Summary of the Composition of Derivatives by Index Off-balance sheet notional amount Balance sheet account receivable / (received) (payable) / paid Adjustment to fair value (in income / stockholders' equity) Fair value 12/31/2022 Future contracts 1,020,605 - - - Purchase commitments 418,886 - - - Shares 3,395 - - - Commodities 503 - - - Interest 385,229 - - - Foreign currency 29,759 - - - Commitments to sell 601,719 - - - Shares 11,702 - - - Commodities 3,896 - - - Interest 557,806 - - - Foreign currency 28,315 - - - Swap contracts 2,948 4,886 7,834 Asset position 1,571,025 22,396 24,506 46,902 Commodities 222 1 1 2 Interest 1,509,045 20,913 23,502 44,415 Foreign currency 61,758 1,482 1,003 2,485 Liability position 1,571,025 (19,448) (19,620) (39,068) Shares 1,604 (180) 59 (121) Commodities 609 (5) 1 (4) Interest 1,491,476 (18,130) (18,487) (36,617) Foreign currency 77,336 (1,133) (1,193) (2,326) Option contracts 1,352,201 (5,960) (251) (6,211) Purchase commitments – long position 267,199 3,071 (665) 2,406 Shares 131,529 1,786 (131) 1,655 Commodities 2,347 43 (7) 36 Interest 93,795 156 4 160 Foreign currency 39,528 1,086 (531) 555 Commitments to sell – long position 419,044 20,238 1,027 21,265 Shares 138,899 19,592 1,094 20,686 Commodities 904 18 (6) 12 Interest 256,483 51 6 57 Foreign currency 22,758 577 (67) 510 Purchase commitments – short position 223,496 (7,997) 444 (7,553) Shares 131,361 (4,448) 155 (4,293) Commodities 2,000 (15) 5 (10) Interest 64,256 (181) (5) (186) Foreign currency 25,879 (3,353) 289 (3,064) Commitments to sell – short position 442,462 (21,272) (1,057) (22,329) Shares 137,322 (17,467) (1,087) (18,554) Commodities 963 (32) 10 (22) Interest 270,585 (66) (13) (79) Foreign currency 33,592 (3,707) 33 (3,674) Forward operations 4,755 549 (13) 536 Purchases receivable 187 452 (4) 448 Shares 157 157 (5) 152 Interest 30 295 1 296 Purchases payable obligations - (30) - (30) Interest - (30) - (30) Sales receivable 3,901 153 - 153 Shares 126 124 - 124 Commodities 6 6 - 6 Interest - 23 - 23 Foreign currency 3,769 - - - Sales deliverable obligations 667 (26) (9) (35) Interest 23 (26) 1 (25) Foreign currency 644 - (10) (10) Credit derivatives 43,808 (101) (11) (112) Asset position 28,724 542 (50) 492 Shares 2,192 71 15 86 Interest 26,532 471 (65) 406 Liability position 15,084 (643) 39 (604) Shares 2,846 (58) (58) (116) Interest 12,238 (585) 97 (488) NDF - Non Deliverable Forward 326,100 (936) 450 (486) Asset position 162,554 5,808 332 6,140 Shares 2,943 343 (2) 341 Foreign currency 159,611 5,465 334 5,799 Liability position 163,546 (6,744) 118 (6,626) Commodities 867 (81) (4) (85) Foreign currency 162,679 (6,663) 122 (6,541) Other derivative financial instruments 8,170 44 (258) (214) Asset position 7,261 255 147 402 Shares 1,096 - 61 61 Commodities 72 - 1 1 Interest 6,093 255 85 340 Liability position 909 (211) (405) (616) Shares 467 (1) (4) (5) Commodities 47 (6) (1) (7) Interest 301 (201) (15) (216) Foreign currency 94 (3) (385) (388) Asset 52,915 25,293 78,208 Liability (56,371) (20,490) (76,861) Total (3,456) 4,803 1,347 |
Summary of Derivative Contracts Maturity | Summary of Derivative Contracts Maturity Derivative contracts mature as follows (in days): Off-balance sheet – notional amount (1) 0 - 30 31 - 180 181 - 365 Over 365 days 12/31/2022 Future contracts 227,878 423,571 216,999 152,157 1,020,605 Swap contracts 267,484 151,436 176,320 975,785 1,571,025 Option contracts 456,100 462,790 374,678 58,633 1,352,201 Forwards (onshore) 1,406 2,637 706 6 4,755 Credit derivatives 3,912 9,578 5,144 25,174 43,808 NDF - Non Deliverable Forward 116,901 111,325 55,411 42,463 326,100 Other derivative financial instruments 131 637 1,012 6,390 8,170 |
Summary of the Composition of Derivatives by Index | Summary of the Composition of Derivatives by Index Off-balance sheet notional amount Balance sheet account receivable / (received) (payable) / paid Adjustment to fair value (in income / stockholders' equity) Fair value 12/31/2021 Future contracts 857,781 - - - Purchase commitments 470,895 - - - Shares 14,627 - - - Commodities 703 - - - Interest 429,862 - - - Foreign currency 25,703 - - - Commitments to sell 386,886 - - - Shares 14,181 - - - Commodities 3,308 - - - Interest 342,575 - - - Foreign currency 26,822 - - - Swap contracts (1,861) 5,229 3,368 Asset position 1,338,457 13,410 24,604 38,014 Commodities 2 - - - Interest 1,318,082 10,339 23,835 34,174 Foreign currency 20,373 3,071 769 3,840 Liability position 1,338,457 (15,271) (19,375) (34,646) Shares 497 (37) (3) (40) Commodities 130 - (1) (1) Interest 1,309,778 (13,331) (19,377) (32,708) Foreign currency 28,052 (1,903) 6 (1,897) Option contracts 1,621,736 154 (1,449) (1,295) Purchase commitments – long position 145,412 17,981 1,496 19,477 Shares 11,929 521 1,140 1,661 Commodities 471 20 20 40 Interest 63,697 127 98 225 Foreign currency 69,315 17,313 238 17,551 Commitments to sell – long position 668,380 2,433 (658) 1,775 Shares 18,928 878 339 1,217 Commodities 306 9 (3) 6 Interest 582,086 154 (148) 6 Foreign currency 67,060 1,392 (846) 546 Purchase commitments – short position 79,734 (17,595) (2,781) (20,376) Shares 14,045 (348) (1,185) (1,533) Commodities 274 (8) (1) (9) Interest 3,284 (68) (48) (116) Foreign currency 62,131 (17,171) (1,547) (18,718) Commitments to sell – short position 728,210 (2,665) 494 (2,171) Shares 16,545 (648) (368) (1,016) Commodities 266 (19) 11 (8) Interest 642,475 (227) 211 (16) Foreign currency 68,924 (1,771) 640 (1,131) Forward operations 26,129 2,362 (13) 2,349 Purchases receivable 1,016 1,186 (27) 1,159 Shares 948 948 (27) 921 Interest 68 238 - 238 Purchases payable obligations - (68) - (68) Interest - (68) - (68) Sales receivable 20,765 1,938 14 1,952 Shares 1,258 1,244 (1) 1,243 Interest - 694 - 694 Foreign currency 19,507 - 15 15 Sales deliverable obligations 4,348 (694) - (694) Interest 694 (694) - (694) Foreign currency 3,654 - - - Credit derivatives 21,556 (532) 576 44 Asset position 13,414 (271) 513 242 Shares 1,784 (37) 101 64 Commodities 18 - - - Interest 11,612 (234) 412 178 Liability position 8,142 (261) 63 (198) Shares 1,865 (63) 17 (46) Interest 6,277 (198) 46 (152) NDF - Non Deliverable Forward 278,531 239 808 1,047 Asset position 144,123 5,256 687 5,943 Shares 5 - - - Commodities 2,489 478 (1) 477 Foreign currency 141,629 4,778 688 5,466 Liability position 134,408 (5,017) 121 (4,896) Commodities 1,104 (50) 3 (47) Foreign currency 133,304 (4,967) 118 (4,849) Other derivative financial instruments 6,064 25 303 328 Asset position 5,132 164 319 483 Shares 202 - 8 8 Interest 4,869 161 29 190 Foreign currency 61 3 282 285 Liability position 932 (139) (16) (155) Shares 576 (9) (12) (21) Interest 347 (130) (3) (133) Foreign currency 9 - (1) (1) Asset 42,097 26,948 69,045 Liability (41,710) (21,494) (63,204) Total 387 5,454 5,841 |
Summary of Derivative Contracts Maturity | Summary of Derivative Contracts Maturity Derivative contracts mature as follows (in days): Off-balance sheet – notional amount (1) 0 - 30 31 - 180 181 - 365 Over 365 days 12/31/2021 Future contracts 370,243 248,922 74,456 164,160 857,781 Swap contracts 131,681 155,022 121,040 930,714 1,338,457 Option contracts 1,230,470 268,254 45,731 77,281 1,621,736 Forwards 3,173 13,402 9,551 3 26,129 Credit derivatives - 6,602 826 14,128 21,556 NDF - Non Deliverable Forward 77,962 113,359 48,091 39,119 278,531 Other derivative financial instruments 199 739 624 4,502 6,064 |
Schedule of Derivative Financial Instruments Portfolio by Type of Instrument | See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties. Schedule of Derivative Financial Instruments Portfolio by Type of Instrument 12/31/2022 Future contracts Swap contracts Option contracts Forwards Credit derivatives NDF - Non Deliverable Forward Other derivative financial instruments Stock exchange 1,020,604 991,559 1,255,056 4,696 17,806 70,562 - Over-the-counter market 1 579,466 97,145 59 26,002 255,538 8,170 Financial institutions - 465,917 52,177 53 26,002 117,077 5,938 Companies 1 105,076 43,949 6 - 137,091 2,227 Individuals - 8,473 1,019 - - 1,370 5 Total 1,020,605 1,571,025 1,352,201 4,755 43,808 326,100 8,170 12/31/2021 Future contracts Swap contracts Option contracts Forwards Credit derivatives NDF - Non Deliverable Forward Other derivative financial instruments Stock exchange 857,781 817,629 1,530,730 25,368 7,535 65,035 - Over-the-counter market - 520,828 91,006 761 14,021 213,496 6,064 Financial institutions - 413,651 57,540 761 14,021 76,415 4,861 Companies - 103,758 32,415 - - 136,270 1,200 Individuals - 3,419 1,051 - - 811 3 Total 857,781 1,338,457 1,621,736 26,129 21,556 278,531 6,064 |
Disclosure of Portfolio of Credit Derivatives | ITAÚ UNIBANCO HOLDING buys and sells credit protection in order to meet the needs of its customers, to manage and mitigate its portfolios' risk. CDS (credit default swap) is a credit derivative in which, upon a default related to the reference entity, the protection buyer is entitled to receive, the amount equivalent to the difference between the face value of the CDS contract and the fair value of the liability on the date the contract was settled, also known as the recovered amount. The protection buyer does not need to hold the reference entity's debt instrument in order to receive the amounts due when a credit event occurs, as per the terms of the CDS contract. TRS (total return swap) is a transaction in which a party swaps the total return of an asset or of a basket of assets for regular cash flows, usually interest and a guarantee against capital loss. In a TRS contract, the parties do not transfer the ownership of the assets. ITAÚ UNIBANCO HOLDING assesses the risk of a credit derivative based on the credit ratings attributed to the reference entity by independent credit rating agencies. Investment grade entities are those for which credit risk is rated as Baa3 or higher, as rated by Moody's, and BBB- or higher, by Standard & Poor’s and Fitch Ratings. Disclosure of Portfolio of Credit Derivatives 12/31/2022 Maximum potential of future payments, gross Up to 1 year From 1 to 3 years From 3 to 5 years Over 5 years By instrument CDS 18,156 2,534 6,368 9,176 78 TRS 16,000 16,000 - - - Total by instrument 34,156 18,534 6,368 9,176 78 By risk rating Investment grade 1,944 218 850 876 - Below investment grade 32,212 18,316 5,518 8,300 78 Total by risk 34,156 18,534 6,368 9,176 78 By reference entity Brazilian government 28,988 17,195 4,543 7,172 78 Governments – abroad 280 91 73 116 - Private entities 4,888 1,248 1,752 1,888 - Total by entity 34,156 18,534 6,368 9,176 78 12/31/2021 Maximum potential of future payments, gross Up to 1 year From 1 to 3 years From 3 to 5 years Over 5 years By instrument CDS 9,837 1,681 3,566 4,590 - TRS 5,610 5,610 - - - Total by instrument 15,447 7,291 3,566 4,590 - By risk rating Investment grade 516 194 253 69 - Below investment grade 14,931 7,097 3,313 4,521 - Total by risk 15,447 7,291 3,566 4,590 - By reference entity Brazilian government 11,882 6,144 1,792 3,946 - Governments – abroad 196 33 102 61 - Private entities 3,369 1,114 1,672 583 - Total by entity 15,447 7,291 3,566 4,590 - |
Schedule of Notional Amount of Purchased Credit Derivatives | The following table presents the notional amount of credit derivatives purchased. The underlying amounts are identical to those for which ITAÚ UNIBANCO HOLDING has sold credit protection. Schedule of Notional Amount of Purchased Credit Derivatives 12/31/2022 Notional amount of credit protection sold Notional amount of credit protection purchased with identical underlying amount Net position CDS (18,156) 9,652 (8,504) TRS (16,000) - (16,000) Total (34,156) 9,652 (24,504) 12/31/2021 Notional amount of credit protection sold Notional amount of credit protection purchased with identical underlying amount Net position CDS (9,837) 6,109 (3,728) TRS (5,610) - (5,610) Total (15,447) 6,109 (9,338) |
Schedule of Financial Assets subject to Offsetting, Enforceable Master Netting Arrangements and Similar Agreements | Schedule of Financial Assets subject to Offsetting, Enforceable Master Netting Arrangements and Similar Agreements 12/31/2022 Gross amount of recognized financial assets (1) Gross amount offset in the Balance Sheet Net amount of financial assets presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral received Securities purchased under agreements to resell 221,776 - 221,776 (3,930) - 217,846 Derivative financial instruments 78,208 - 78,208 (17,507) (1,005) 59,696 12/31/2021 Gross amount of recognized financial assets (1) Gross amount offset in the Balance Sheet Net amount of financial assets presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral received Securities purchased under agreements to resell 169,711 - 169,711 (3,649) - 166,062 Derivative financial instruments 69,045 - 69,045 (14,517) (217) 54,311 Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements: 12/31/2022 Gross amount of recognized financial liabilities (1) Gross amount offset in the Balance Sheet Net amount of financial liabilities presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral pledged Securities sold under repurchase agreements 293,440 - 293,440 (40,156) - 253,284 Derivative financial instruments 76,861 - 76,861 (17,507) - 59,354 12/31/2021 Gross amount of recognized financial liabilities (1) Gross amount offset in the Balance Sheet Net amount of financial liabilities presented in the Balance Sheet Related amounts not offset in the Balance Sheet (2) Total Financial instruments (3) Cash collateral pledged Securities sold under repurchase agreements 252,848 - 252,848 (39,317) - 213,531 Derivative financial instruments 63,204 - 63,204 (14,517) - 48,687 1) Includes amounts of master offset agreements and other such agreements, both enforceable and unenforceable. 2) Limited to amounts subject to enforceable master offset agreements and other such agreements. 3) Includes amounts subject to enforceable master offset agreements and other such agreements, and guarantees in financial instruments. |
Hedge accounting (Tables)
Hedge accounting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Hedge Accounting | |
Schedule of Each Strategy of Nominal Value and Fair Value Adjustments of Hedge Instruments and Book Value of Hedged Item | Schedule of Each Strategy of Nominal Value and Fair Value Adjustments of Hedge Instruments and Book Value of Hedged Item 12/31/2022 Hedged item Hedge instrument Strategies Heading Book Value Variation in value recognized in Other comprehensive income Cash flow hedge reserve Notional Amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Interest rate risk Hedge of deposits and repurchase agreements Securities sold under agreements to resell - 149,300 1,169 1,169 149,210 1,222 Hedge of assets transactions Loans and lease operations and Securities 6,894 - (367) (367) 63,528 (367) Hedge of asset-backed securities under repurchase agreements Securities purchased under agreements to resell 52,916 - (1,508) (1,508) 50,848 (1,508) Hedge of loan operations Loans and lease operations 3,283 - (6) (6) 3,288 (6) Hedge of funding Deposits - 6,881 86 86 6,967 86 Hedge of assets denominated in UF Securities 7,871 - 16 16 7,853 16 Foreign exchange risk Hedge of highly probable forecast transactions - 343 4 191 343 4 Hedge of funding Deposits - 360 (1) (1) 359 (1) Total 70,964 156,884 (607) (420) 225,396 (554) 12/31/2021 Hedged item Hedge instrument Strategies Heading Book Value Variation in value recognized in Other comprehensive income Cash flow hedge reserve Notional Amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Interest rate risk Hedge of deposits and repurchase agreements Securities sold under agreements to resell - 39,142 1,065 1,065 39,136 1,072 Hedge of assets transactions Loans and lease operations and Securities 8,621 - (409) (409) 8,213 (409) Hedge of asset-backed securities under repurchase agreements Securities purchased under agreements to resell 40,526 - (1,686) (1,686) 39,962 (1,698) Hedge of loan operations Loans and lease operations 131 - - - 131 1 Hedge of funding Deposits - 5,749 30 30 5,779 30 Hedge of assets denominated in UF Securities 14,558 - (127) (127) 14,683 (127) Foreign exchange risk Hedge of highly probable forecast transactions 3,508 - 185 740 3,508 185 Total 67,344 44,891 (942) (387) 111,412 (946) |
Summary of Hedge Accounting | Summary of Hedge Accounting Hedge Instruments 12/31/2022 Notional amount Book Value (1) Variations in fair Variation in value Hedge ineffectiveness Amount reclassified from Assets Liabilities Interest rate risk Futures 206,586 31 27 (653) (706) 53 - Forward 10,037 136 646 11 11 - 1 Swaps 8,071 201 11 85 85 - - Foreign exchange risk Futures 249 2 - - - - 378 Forward 94 - 1 4 4 - - Swaps 359 54 - (1) (1) - - Total 225,396 424 685 (554) (607) 53 379 Hedge Instruments 12/31/2021 Notional amount Book Value (1) Variations in fair value used to calculate hedge ineffectiveness Variation in value recognized in Other comprehensive income Hedge ineffectiveness recognized in income Amount reclassified from Cash flow hedge reserve to income Assets Liabilities Interest rate risk Futures 87,311 58 24 (1,035) (1,030) (5) (13) Forward 16,830 118 593 (118) (118) - - Swaps 3,763 19 - 22 21 1 - Foreign exchange risk Futures 3,480 252 - 185 185 - - Forward 28 - - - - - - Total 111,412 447 617 (946) (942) (4) (13) |
Summary of Hedge Accounting | Summary of Hedge Accounting Strategies 12/31/2022 Hedged item Hedge instrument Book Value (2) Variation in value recognized in Other comprehensive income Foreign currency conversion reserve Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Foreign exchange risk Hedge of net investment in foreign operations (1) 8,983 - (14,836) (14,836) 9,933 (14,996) Total 8,983 - (14,836) (14,836) 9,933 (14,996) Strategies 12/31/2021 Hedged item Hedge instrument Book Value (2) Variation in value recognized in Other comprehensive income Foreign currency conversion reserve Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Foreign exchange risk Hedge of net investment in foreign operations (1) 11,325 - (14,701) (14,701) 15,924 (14,720) Total 11,325 - (14,701) (14,701) 15,924 (14,720) 1) Hedge instruments consider the gross tax position. |
Summary of Hedge Accounting | Summary of Hedge Accounting Hedge instruments 12/31/2022 Notional amount Book Value (1) Variations in fair value used to calculate hedge ineffectiveness Variation in the value recognized in Other comprehensive income Hedge ineffectiveness recognized in income Amount reclassified from foreign currency conversion reserve into income Assets Liabilities Foreign exchange risk Future 1,673 - - (5,751) (5,710) (41) - Future / NDF - Non Deliverable Forward 5,186 176 126 (2,521) (2,411) (110) - Future / Financial Assets 3,074 4,380 1,839 (6,724) (6,715) (9) - Total 9,933 4,556 1,965 (14,996) (14,836) (160) - Hedge instruments 12/31/2021 Notional amount Book Value (1) Variations in fair value used to calculate hedge ineffectiveness Variation in the value recognized in Other comprehensive income Hedge ineffectiveness recognized in income Amount reclassified from foreign currency conversion reserve into income Assets Liabilities Foreign exchange risk Future 2,126 286 - (3,252) (3,241) (11) - Future / NDF - Non Deliverable Forward 8,036 209 95 (3,534) (3,529) (5) - Future / Financial Assets 5,762 6,566 3,653 (7,934) (7,931) (3) - Total 15,924 7,061 3,748 (14,720) (14,701) (19) - |
Schedule of the Effect of Hedge Accounting on the Financial Position and Performance | Schedule of the Effect of Hedge Accounting on the Financial Position and Performance Strategies 12/31/2022 Hedge Item Hedge Instruments (2) Book Value (1) Fair Value Variation in fair value recognized in income Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Assets Liabilities Interest rate risk Hedge of loan operations 16,031 - 15,582 - (449) 16,031 448 Hedge of funding - 14,603 - 13,905 698 14,603 (703) Hedge of securities 7,363 - 7,134 - (229) 7,317 225 Total 23,394 14,603 22,716 13,905 20 37,951 (30) Strategies 12/31/2021 Hedge Item Hedge Instruments (2) Book Value (1) Fair Value Variation in fair value recognized in income Notional amount Variation in fair value used to calculate hedge ineffectiveness Assets Liabilities Assets Liabilities Interest rate risk Hedge of loan operations 8,890 - 8,917 - 27 8,890 (28) Hedge of funding - 11,051 - 10,661 390 11,051 (388) Hedge of securities 3,162 - 3,128 - (34) 2,885 29 Total 12,052 11,051 12,045 10,661 383 22,826 (387) 1) Amounts recorded under heading Deposits, Securities, Funds from Interbank Markets and Loan and Lease Operations. 4,349 6,422 |
Summary of Hedge Accounting | Summary of Hedge Accounting Hedge Instruments 12/31/2022 Notional amount Book value (1) Variation in fair value used to calculate hedge ineffectiveness Hedge ineffectiveness recognized in income Assets Liabilities Interest rate risk Swaps 35,091 1,002 929 (49) (10) Futures 2,860 4 - 19 - Total 37,951 1,006 929 (30) (10) Hedge Instruments 12/31/2021 Notional amount Book value (1) Variation in fair value used to calculate hedge ineffectiveness Hedge ineffectiveness recognized in income Assets Liabilities Interest rate risk Swaps 22,826 2 551 (387) (4) Total 22,826 2 551 (387) (4) |
Schedule of Each Strategy of Nominal Value and Fair Value Adjustments of Hedge Instruments and Book Value of Hedged Item | Schedule of Each Strategy of Nominal Value and Fair Value Adjustments of Hedge Instruments and Book Value of Hedged Item 12/31/2022 12/31/2021 Hedge instruments Hedged item Hedge instruments Hedged item Notional amount Fair value adjustments Book Value Notional amount Fair value adjustments Book Value Hedge of deposits and repurchase agreements 149,210 (27) 149,300 39,136 (24) 39,142 Hedge of highly probable forecast transactions 343 1 343 3,508 252 3,508 Hedge of net investment in foreign operations 9,933 2,591 8,983 15,924 3,313 11,325 Hedge of loan operations (Fair value) 16,031 820 16,031 8,890 (28) 8,890 Hedge of loan operations (Cash flow) 3,288 (11) 3,283 131 - 131 Hedge of funding (Fair value) 14,603 (762) 14,603 11,051 (388) 11,051 Hedge of funding (Cash flow) 7,326 391 7,241 5,779 137 5,749 Hedge of assets transactions 6,528 1 6,894 8,213 8 8,621 Hedge of asset-backed securities under repurchase agreements 50,848 30 52,916 39,962 50 40,526 Hedge of assets denominated in UF 7,853 (646) 7,871 14,683 (593) 14,558 Hedge of securities 7,317 19 7,363 2,885 29 3,162 Total 2,407 2,756 |
Breakdown by Maturity of Hedging Strategies | Breakdown by Maturity of Hedging Strategies 12/31/2022 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and repurchase agreements 108,499 26,120 9,110 - 4,726 755 - 149,210 Hedge of highly probable forecast transactions 343 - - - - - - 343 Hedge of net investment in foreign operations (1) 9,933 - - - - - - 9,933 Hedge of loan operations (Fair value) 2,351 3,395 1,244 2,539 2,749 3,753 - 16,031 Hedge of loan operations (Cash flow) - 1,577 1,161 - 550 - - 3,288 Hedge of funding (Fair value) 1,673 885 1,288 3,091 579 4,981 2,106 14,603 Hedge of funding (Cash flow) 5,776 578 - 675 - 297 - 7,326 Hedge of assets transactions - 6,528 - - - - - 6,528 Hedge of asset-backed securities under repurchase agreements 16,696 9,705 22,740 1,085 622 - - 50,848 Hedge of assets denominated in UF 7,853 - - - - - - 7,853 Hedge of securities 3,215 660 1,547 180 346 673 696 7,317 Total 156,339 49,448 37,090 7,570 9,572 10,459 2,802 273,280 12/31/2021 0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 5-10 years Over 10 years Total Hedge of deposits and repurchase agreements 1,284 9,453 14,221 7,313 5,332 1,533 - 39,136 Hedge of highly probable forecast transactions 3,508 - - - - - - 3,508 Hedge of net investment in foreign operations (1) 13,888 - - - - - - 13,888 Hedge of loan operations (Fair value) 3,377 1,522 797 838 809 1,547 - 8,890 Hedge of loan operations (Cash flow) 131 - - - - - - 131 Hedge of funding (Fair value) 1,206 1,072 302 273 2,920 3,916 1,362 11,051 Hedge of funding (Cash flow) 2,147 3,632 - - - - - 5,779 Hedge of assets transactions 2,198 - 6,015 - - - - 8,213 Hedge of asset-backed securities under repurchase agreements 2,322 14,963 8,976 13,098 - 603 - 39,962 Hedge of assets denominated in UF 10,148 4,535 - - - - - 14,683 Hedge of securities - 453 56 1,520 50 805 - 2,884 Total 40,209 35,630 30,367 23,042 9,111 8,404 1,362 148,125 1) Classified as current, since instruments are frequently renewed. |
Financial assets at fair valu_4
Financial assets at fair value through other comprehensive income - Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial Assets At Fair Value Through Other Comprehensive Income - Securities | |
Summary of Fair Value and Corresponding Gross Carrying Amount of Financial Assets at Fair Value Through Other Comprehensive Income- Securities Assets | Summary of Fair Value and Corresponding Gross Carrying Amount of Financial Assets at Fair Value Through Other Comprehensive Income- Securities Assets 12/31/2022 12/31/2021 Gross carrying amount Fair value adjustments (in stockholders' equity) Expected loss Fair value Gross carrying amount Fair value adjustments (in stockholders' equity) Expected loss Fair value Brazilian government securities (1) 73,554 (2,571) - 70,983 71,298 (1,656) - 69,642 Other government securities 36 - (36) - 36 - (36) - Government securities – abroad (1) 38,397 (486) (1) 37,910 30,507 (313) - 30,194 Argentina 2,791 (11) - 2,780 409 (4) - 405 Colombia 1,766 (284) - 1,482 1,942 (95) - 1,847 Chile 18,358 (129) - 18,229 19,885 (151) - 19,734 United States 9,104 (49) - 9,055 4,520 (2) - 4,518 Mexico 760 (3) - 757 1,028 (6) - 1,022 Paraguay 3,362 3 (1) 3,364 1,516 (57) - 1,459 Switzerland 1,356 (11) - 1,345 - - - - Uruguay 900 (2) - 898 1,207 2 - 1,209 Corporate securities (1) 16,027 (3,791) (77) 12,159 6,714 (880) (48) 5,786 Shares 8,571 (3,686) - 4,885 1,629 (886) - 743 Rural product note 373 18 (1) 390 - - - - Bank deposit certificates 714 - - 714 132 (1) - 131 Debentures 1,231 (3) (45) 1,183 392 3 (44) 351 Eurobonds and other 4,418 (112) (27) 4,279 4,498 1 (1) 4,498 Financial bills 13 - - 13 6 - - 6 Other 707 (8) (4) 695 57 3 (3) 57 Total 128,014 (6,848) (114) 121,052 108,555 (2,849) (84) 105,622 1) Financial assets at fair value through other comprehensive income - Securities pledged in guarantee of funding transactions of financial institutions and customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 50,918 43,560 6,662 2,385 720 778 58,300 46,723 |
Summary of Gross Carrying Amount and Fair Value of Financial Assets Through Other Comprehensive Income -Securities by Maturity | Summary of Gross Carrying Amount and Fair Value of Financial Assets Through Other Comprehensive Income -Securities by Maturity 12/31/2022 12/31/2021 Gross carrying amount Fair value Gross carrying amount Fair value Current 59,191 55,405 27,398 26,428 Non-stated maturity 8,571 4,885 1,629 743 Up to one year 50,620 50,520 25,769 25,685 Non-current 68,823 65,647 81,157 79,194 From one to five years 48,593 47,249 64,034 63,256 From five to ten years 14,456 13,543 12,017 11,557 After ten years 5,774 4,855 5,106 4,381 Total 128,014 121,052 108,555 105,622 |
Summary of Equity Instruments at Fair Value Through Other Comprehensive Income- Securities | Summary of Equity Instruments at Fair Value Through Other Comprehensive Income- Securities 12/31/2022 12/31/2021 Gross carrying amount Adjustments to fair value (in Stockholders' equity) Expected loss Fair value Gross carrying amount Adjustments to fair value (in Stockholders' equity) Expected loss Fair value Current Non-stated maturity Shares 8,571 (3,686) - 4,885 1,629 (886) - 743 Total 8,571 (3,686) - 4,885 1,629 (886) - 743 |
Summary of Reconciliation of Expected Loss for Financial Assets at Fair Value Through Other Comprehensive Instrument- Securities, Segregated by Stages | Summary of Reconciliation of Expected Loss for Financial Assets at Fair Value Through Other Comprehensive Instrument- Securities, Segregated by Stages 01/01/2022 Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to stage 2 Transfer to stage 3 Cure from stage 2 Cure from stage 3 Expected loss 12/31/2021 12/31/2022 Financial assets at fair value through other comprehensive income (84) (14) (16) - - - - - (114) Brazilian government securities (36) - - - - - - - (36) Other (36) - - - - - - - (36) Government securities - abroad - - (1) - - - - - (1) Corporate securities (48) (14) (15) - - - - - (77) Rural product note - (1) - - - - - - (1) Debentures (44) (1) - - - - - - (45) Eurobonds and other (1) (13) (13) - - - - - (27) Other (3) 1 (2) - - - - - (4) Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to stage 2 Transfer to stage 3 Cure from stage 2 Cure from stage 3 Expected loss 12/31/2020 12/31/2021 Financial assets at fair value through other comprehensive income (93) 3 (2) 8 - - - - (84) Brazilian government securities (36) - - - - - - - (36) Other (36) - - - - - - - (36) Government securities - abroad (1) 1 - - - - - - - Corporate securities (56) 2 (2) 8 - - - - (48) Debentures (44) - - - - - - - (44) Eurobonds and other (9) 2 (2) 8 - - - - (1) Other (3) - - - - - - - (3) |
Financial assets at amortized_2
Financial assets at amortized cost - Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial Assets At Amortized Cost - Securities | |
Summary of Financial assets at Amortized Cost - Securities | Summary of Financial assets at Amortized Cost - Securities 12/31/2022 12/31/2021 Amortized Cost Expected Loss Net Amortized Cost Amortized Cost Expected Loss Net Amortized Cost Brazilian government securities (1) 91,810 (30) 91,780 68,045 (37) 68,008 Government securities – abroad 39,243 (11) 39,232 24,888 (7) 24,881 Colombia 820 (1) 819 925 (1) 924 Chile 4,805 - 4,805 828 - 828 Korea 10,365 (2) 10,363 5,604 - 5,604 Spain 9,924 (2) 9,922 6,132 (1) 6,131 Mexico 13,246 (6) 13,240 11,377 (5) 11,372 Paraguay 59 - 59 - - - Uruguay 24 - 24 22 - 22 Corporate securities (1) 88,262 (1,997) 86,265 54,813 (1,904) 52,909 Rural product note 26,129 (140) 25,989 5,906 (14) 5,892 Bank deposit certificates 98 - 98 110 (1) 109 Real estate receivables certificates 5,738 (4) 5,734 3,988 (1) 3,987 Debentures 47,785 (1,835) 45,950 39,403 (1,883) 37,520 Eurobonds and other 118 - 118 457 (2) 455 Financial bills 113 - 113 51 - 51 Promissory and commercial notes 7,363 (13) 7,350 4,219 (2) 4,217 Other 918 (5) 913 679 (1) 678 Total 219,315 (2,038) 217,277 147,746 (1,948) 145,798 1) Financial Assets at Amortized Cost – Securities Pledged as Collateral of Funding Transactions of Financial Institutions and Customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 23,639 12,570 12,718 11,358 36,357 23,928 |
Summary of Amortized Cost of Financial Assets at Amortized Cost | Summary of Amortized Cost of Financial Assets at Amortized Cost 12/31/2022 12/31/2021 Amortized Cost Net Amortized Cost Amortized Cost Net Amortized Cost Current 62,237 61,640 45,353 45,169 Up to one year 62,237 61,640 45,353 45,169 Non-current 157,078 155,637 102,393 100,629 From one to five years 108,445 107,906 70,924 69,965 From five to ten years 41,528 40,627 26,404 25,600 After ten years 7,105 7,104 5,065 5,064 Total 219,315 217,277 147,746 145,798 |
Schedule of financial assets at amortized cost - securities | Schedule of financial assets at amortized cost - securities Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to Stage 2 Transfer to Stage 3 Cure from Stage 2 Cure from Stage 3 Expected loss 12/31/2021 12/31/2021 Financial assets at amortized cost (74) (80) (149) 42 53 3 (3) - (208) Brazilian government securities (37) 7 - - - - - - (30) Government securities - abroad (7) 8 (18) 6 - - - - (11) Colombia (1) 1 (1) - - - - - (1) Korea - (2) - - - - - - (2) Spain (1) - (1) - - - - - (2) Mexico (5) 9 (16) 6 - - - - (6) Corporate securities (30) (95) (131) 36 53 3 (3) - (167) Rural product note (5) (65) (64) 8 21 3 (3) - (105) Bank deposit certificate (1) 1 - - - - - - - Real estate receivables certificates (1) 14 (19) 2 - - - - (4) Debentures (18) (42) (31) 15 32 - - - (44) Eurobond and other (2) - - 2 - - - - - Promissory and commercial notes (2) (1) (14) 4 - - - - (13) Other (1) (2) (3) 5 - - - - (1) Stage 2 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Expected loss 12/31/2021 12/31/2022 Financial assets at amortized cost (38) (136) (3) 104 3 9 (53) - (114) Corporate securities (38) (136) (3) 104 3 9 (53) - (114) Rural product note - (12) (3) - 3 9 (21) - (24) Debentures (38) (120) - 104 - - (32) - (86) Other - (4) - - - - - - (4) Stage 3 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Expected loss 12/31/2021 12/31/2022 Financial assets at amortized cost (1,836) (244) (27) 403 - - (3) (9) (1,716) Corporate securities (1,836) (244) (27) 403 - - (3) (9) (1,716) Rural product note (9) 7 (6) 9 - - (3) (9) (11) Debentures (1,827) (251) (21) 394 - - - - (1,705) Stage 1 Expected loss Gains / (Losses) Purchases Settlements Transfer to Stage 2 Transfer to Stage 3 Cure from Stage 2 Cure from Stage 3 Expected loss 12/31/2020 12/31/2021 Financial assets at amortized cost (185) 188 (147) 70 - - - - (74) Brazilian government securities (44) 7 - - - - - - (37) Government securities - abroad (14) 37 (36) 6 - - - - (7) Chile (1) 1 - - - - - - - Colombia - 4 (6) 1 - - - - (1) Korea (4) 7 (3) - - - - - - Spain (3) 6 (5) 1 - - - - (1) Mexico (6) 19 (22) 4 - - - - (5) Corporate securities (127) 144 (111) 64 - - - - (30) Rural product note (23) 39 (24) 3 - - - - (5) Bank deposit certificate - 1 (10) 8 - - - - (1) Real estate receivables certificates (8) 6 - 1 - - - - (1) Debentures (78) 74 (52) 38 - - - - (18) Eurobond and other (1) 8 (20) 11 - - - - (2) Promissory notes (10) 10 (5) 3 - - - - (2) Other (7) 6 - - - - - - (1) Stage 2 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Expected loss 12/31/2020 12/31/2021 Financial assets at amortized cost (53) 19 (20) 16 - - - - (38) Corporate securities (53) 19 (20) 16 - - - - (38) Rural product note (2) 2 - - - - - - - Real estate receivables certificates (4) - - 4 - - - - - Debentures (47) 17 (20) 12 - - - - (38) Stage 3 Expected loss Gains / (Losses) Purchases Settlements Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Expected loss 12/31/2020 12/31/2021 Financial assets at amortized cost (2,827) 610 (51) 432 - - - - (1,836) Corporate securities (2,827) 610 (51) 432 - - - - (1,836) Rural product note - 6 (15) - - - - - (9) Debentures (2,827) 604 (36) 432 - - - - (1,827) |
Loan and lease operations (Tabl
Loan and lease operations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Operations | |
Summary of Composition of Carrying Amount of Loan Operations and Lease Operations by Type, Sector of Debtor, Maturity and Concentration | Summary of Composition of Carrying Amount of Loan Operations and Lease Operations by Type, Sector of Debtor, Maturity and Concentration Loans and lease operations by type 12/31/2022 12/31/2021 Individuals 400,103 332,536 Credit card 135,855 112,809 Personal loan 53,945 42,235 Payroll loans 73,633 63,416 Vehicles 31,606 29,621 Mortgage loans 105,064 84,455 Corporate 139,268 135,034 Micro / small and medium companies 164,896 149,970 Foreign loans - Latin America 205,155 205,050 Total loans and lease operations 909,422 822,590 Provision for Expected Loss (1) (52,324) (44,316) Total loans and lease operations, net of Expected Credit Loss 857,098 778,274 1) Comprises Expected Credit Loss for Financial Guarantees Pledged R$ ( 810 767 2,874 4,433 By maturity 12/31/2022 12/31/2021 Overdue as from 1 day 30,656 20,960 Falling due up to 3 months 247,233 211,329 Falling due from 3 months to 12 months 228,942 205,119 Falling due after 1 year 402,591 385,182 Total loans and lease operations 909,422 822,590 By concentration 12/31/2022 12/31/2021 Largest debtor 5,916 6,414 10 largest debtors 33,265 33,694 20 largest debtors 50,714 49,541 50 largest debtors 85,427 79,403 100 largest debtors 118,015 111,116 |
Summary of Reconciliation of Gross Portfolio of Loan Operations and Lease Operations | Summary of Reconciliation of Gross Portfolio of Loan Operations and Lease Operations 01/01/2022 Stage 1 Balance at Transfer to Stage 2 (3) Transfer to Stage 3 (1) Cure from Stage 2 (3) Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 270,371 (65,771) (2,966) 29,153 61 - 74,362 305,210 Corporate 128,519 (626) (2,360) 1,098 137 - 6,437 133,205 Micro / Small and medium companies 124,555 (18,158) (1,600) 16,215 170 - 21,439 142,621 Foreign loans - Latin America 178,719 (7,720) (1,014) 2,426 19 - 10,086 182,516 Total 702,164 (92,275) (7,940) 48,892 387 - 112,324 763,552 Stage 2 Balance at Cure to Stage 1 (3) Transfer to Stage 3 Transfer from Stage 1 (3) Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 38,168 (29,153) (13,041) 65,771 1,392 - (3,498) 59,639 Corporate 1,600 (1,098) (173) 626 19 - (73) 901 Micro / Small and medium companies 16,749 (16,215) (4,310) 18,158 1,167 - (3,250) 12,299 Foreign loans - Latin America 13,389 (2,426) (3,388) 7,720 831 - (2,263) 13,863 Total 69,906 (48,892) (20,912) 92,275 3,409 - (9,084) 86,702 Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 23,997 (61) (1,392) 2,966 13,041 (13,876) 10,579 35,254 Corporate 4,915 (137) (19) 2,360 173 (822) (1,308) 5,162 Micro / Small and medium companies 8,666 (170) (1,167) 1,600 4,310 (3,661) 398 9,976 Foreign loans - Latin America 12,942 (19) (831) 1,014 3,388 (1,783) (5,935) 8,776 Total 50,520 (387) (3,409) 7,940 20,912 (20,142) 3,734 59,168 Consolidated 3 Stages Balance at Derecognition Acquisition / (Settlement) Closing balance 12/31/2021 12/31/2022 Individuals 332,536 (13,876) 81,443 400,103 Corporate 135,034 (822) 5,056 139,268 Micro / Small and medium companies 149,970 (3,661) 18,587 164,896 Foreign loans - Latin America 205,050 (1,783) 1,888 205,155 Total (2) 822,590 (20,142) 106,974 909,422 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part there of have first gone through stage 2. 2) Comprises R$ 14,052 3) The change in the period of the parameter used to estimate the significant increase/reduction in credit risk caused an effect on the transfer from stage 1 to stage 2 in the amount of R$ 26,005 and in the transfer from stage 2 to 1 in the amount if R$ 27,155. Reconciliation of gross portfolio of loans and lease operations, segregated by stages: 01/01/2021 Stage 1 Balance at Transfer to Stage 2 Transfer to Stage 3 (1) Cure from Stage 2 Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 199,158 (30,578) (1,663) 12,788 - - 90,666 270,371 Corporate 123,665 (865) (109) 1,338 43 - 4,447 128,519 Micro / Small and medium companies 96,784 (14,019) (960) 9,630 146 - 32,974 124,555 Foreign loans - Latin America 167,601 (8,527) (929) 5,794 468 - 14,312 178,719 Total 587,208 (53,989) (3,661) 29,550 657 - 142,399 702,164 Stage 2 Balance at Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 30,793 (12,788) (7,207) 30,578 1,141 - (4,349) 38,168 Corporate 2,793 (1,338) (182) 865 20 - (558) 1,600 Micro / Small and medium companies 15,965 (9,630) (2,867) 14,019 742 - (1,480) 16,749 Foreign loans - Latin America 16,692 (5,794) (3,630) 8,527 959 - (3,365) 13,389 Total 66,243 (29,550) (13,886) 53,989 2,862 - (9,752) 69,906 Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 25,532 - (1,141) 1,663 7,207 (10,309) 1,045 23,997 Corporate 8,063 (43) (20) 109 182 (310) (3,066) 4,915 Micro / Small and medium companies 9,206 (146) (742) 960 2,867 (2,354) (1,125) 8,666 Foreign loans - Latin America 17,852 (468) (959) 929 3,630 (5,034) (3,008) 12,942 Total 60,653 (657) (2,862) 3,661 13,886 (18,007) (6,154) 50,520 Consolidated 3 Stages Balance at Derecognition Acquisition / (Settlement) Closing balance 12/31/2020 12/31/2021 Individuals 255,483 (10,309) 87,362 332,536 Corporate 134,521 (310) 823 135,034 Micro / Small and medium companies 121,955 (2,354) 30,369 149,970 Foreign loans - Latin America 202,145 (5,034) 7,939 205,050 Total (2) 714,104 (18,007) 126,493 822,590 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2. 2) Comprises R$ 29,875 |
Summary of Reconciliation of Expected Loan Losses for Loan Operations and Lease Operations | Summary of Reconciliation of Expected Loan Losses for Loan Operations and Lease Operations 01/01/2022 Stage 1 Balance at Transfer to Stage 2 (3) Transfer to Stage 3 (1) Cure from Stage 2 (3) Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 Individuals (6,851) 2,045 222 (1,445) (3) - 618 (5,414) Corporate (413) 6 1 (127) (3) - 56 (480) Micro / Small and medium companies (1,812) 767 98 (806) (33) - 355 (1,431) Foreign loans - Latin America (2,373) 179 18 (91) (5) - (67) (2,339) Total (11,449) 2,997 339 (2,469) (44) - 962 (9,664) Stage 2 Balance at Cure to Stage 1 (3) Transfer to Stage 3 Transfer from Stage 1 (3) Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 Individuals (4,501) 1,445 4,648 (2,045) (122) - (5,072) (5,647) Corporate (865) 127 31 (6) (9) - 219 (503) Micro / Small and medium companies (1,556) 806 1,055 (767) (201) - (1,564) (2,227) Foreign loans - Latin America (1,353) 91 592 (179) (219) - (478) (1,546) Total (8,275) 2,469 6,326 (2,997) (551) - (6,895) (9,923) Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 Individuals (12,868) 3 122 (222) (4,648) 13,876 (15,483) (19,220) Corporate (3,529) 3 9 (1) (31) 822 (1,743) (4,470) Micro / Small and medium companies (4,023) 33 201 (98) (1,055) 3,661 (4,651) (5,932) Foreign loans - Latin America (4,172) 5 219 (18) (592) 1,783 (340) (3,115) Total (24,592) 44 551 (339) (6,326) 20,142 (22,217) (32,737) Consolidated 3 Stages Balance at Derecognition (Increase) / Reversal Closing balance 12/31/2021 12/31/2022 (2) Individuals (24,220) 13,876 (19,937) (30,281) Corporate (4,807) 822 (1,468) (5,453) Micro / Small and medium companies (7,391) 3,661 (5,860) (9,590) Foreign loans - Latin America (7,898) 1,783 (885) (7,000) Total (44,316) 20,142 (28,150) (52,324) 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2. 2) Comprises Expected Credit Loss for Financial Guarantees R$ (810) (R$ (767) at 12/31/2021) and Loan Commitments R$ (2,874) (R$ (4,433) at 12/31/2021). 3) Reflects the expected credit loss arising from the change in the period of the parameter used to estimate the significant increase/decrease in credit risk. Reconciliation of expected credit loss of loans and lease operations, segregated by stages: 01/01/2021 Stage 1 Balance at Transfer to Stage 2 Transfer to Stage 3 (1) Cure from Stage 2 Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 Individuals (5,403) 1,435 203 (579) - - (2,507) (6,851) Corporate (740) 36 8 (132) (2) - 417 (413) Micro / Small and medium companies (1,273) 592 64 (464) (51) - (680) (1,812) Foreign loans - Latin America (2,389) 226 12 (179) (46) - 3 (2,373) Total (9,805) 2,289 287 (1,354) (99) - (2,767) (11,449) Stage 2 Balance at Cure to Stage 1 Transfer to Stage 3 Transfer from Stage 1 Cure from Stage 3 Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 Individuals (3,255) 579 2,639 (1,435) (79) - (2,950) (4,501) Corporate (1,261) 132 32 (36) (6) - 274 (865) Micro / Small and medium companies (1,337) 464 685 (592) (112) - (664) (1,556) Foreign loans - Latin America (2,029) 179 867 (226) (284) - 140 (1,353) Total (7,882) 1,354 4,223 (2,289) (481) - (3,200) (8,275) Stage 3 Balance at Cure to Stage 1 Cure to Stage 2 Transfer from Stage 1 Transfer from Stage 2 Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 Individuals (12,472) - 79 (203) (2,639) 10,309 (7,942) (12,868) Corporate (5,952) 2 6 (8) (32) 310 2,145 (3,529) Micro / Small and medium companies (3,759) 51 112 (64) (685) 2,354 (2,032) (4,023) Foreign loans - Latin America (8,452) 46 284 (12) (867) 5,034 (205) (4,172) Total (30,635) 99 481 (287) (4,223) 18,007 (8,034) (24,592) Consolidated 3 Stages Balance at Derecognition (Increase) / Reversal Closing balance 12/31/2020 12/31/2021 (2) Individuals (21,130) 10,309 (13,399) (24,220) Corporate (7,953) 310 2,836 (4,807) Micro / Small and medium companies (6,369) 2,354 (3,376) (7,391) Foreign loans - Latin America (12,870) 5,034 (62) (7,898) Total (48,322) 18,007 (14,001) (44,316) 1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2. 2) Comprises Expected Credit Loss for Financial Guarantees R$ (767) (R$ (907) at 12/31/2020) and Loan Commitments R$ (4,433) (R$ (3,485) at 12/31/2020). |
Summary of Analysis of Present Value of Minimum Future Payments Receivable From Finance Leases by Maturity | Summary of Analysis of Present Value of Minimum Future Payments Receivable From Finance Leases by Maturity 12/31/2022 12/31/2021 Payments receivable Future financial income Present value Payments receivable Future financial income Present value Current 2,273 (617) 1,656 2,365 (351) 2,014 Up to 1 year 2,273 (617) 1,656 2,365 (351) 2,014 Non-current 9,087 (2,894) 6,193 9,342 (2,743) 6,599 From 1 to 2 years 1,888 (596) 1,292 1,727 (456) 1,271 From 2 to 3 years 1,455 (449) 1,006 1,394 (369) 1,025 From 3 to 4 years 1,026 (339) 687 1,042 (296) 746 From 4 to 5 years 814 (271) 543 834 (251) 583 Over 5 years 3,904 (1,239) 2,665 4,345 (1,371) 2,974 Total 11,360 (3,511) 7,849 11,707 (3,094) 8,613 |
Summary of finance lease income | Summary of finance lease income 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Financial income 901 742 645 Variable payments 7 10 40 Total 908 752 685 |
Summary Securitization or Transfer of Financial Assets | Summary Securitization or Transfer of Financial Assets Nature of operation 12/31/2022 12/31/2021 Assets Liabilities (1) Assets Liabilities (1) Book value Fair value Book value Fair value Book value Fair value Book value Fair value Mortgage loan 170 168 170 168 235 235 235 234 Working capital 602 602 602 602 800 800 795 795 Total 772 770 772 770 1,035 1,035 1,030 1,029 1) Under Other liabilities. |
Investments in associates and_2
Investments in associates and joint ventures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments In Associates And Joint Ventures | |
Summary of Main Investments | Summary of Main Investments 12/31/2022 01/01 to 12/31/2022 Investment Equity in earnings Other comprehensive income Total Income Associates (1) 7,187 736 (15) 721 Joint ventures (2) 256 (64) - (64) Total 7,443 672 (15) 657 12/31/2021 01/01 to 12/31/2021 01/01 to 12/31/2020 Investment Equity in earnings Other comprehensive income Total Income Equity in earnings Associates (1) 5,891 1,238 (60) 1,178 1,556 Joint ventures (2) 230 (74) - (74) (157) Total 6,121 1,164 (60) 1,104 1,399 1) At 12/31/2022, this includes interest in total capital and voting capital of the following companies: Pravaler S.A. ( 51.94 41.97 52.64 42.37 42.93 42.93 49 49 15.71 16 19.64 20 31.42 29.24 25 25 80 49 80 49 28.05 28.95 28.05 2) At 12/31/2022, this includes interest in total and voting capital of the following companies: Olímpia Promoção e Serviços S.A. ( 50 50 50 50 |
Lease Operations - Lessee (Tabl
Lease Operations - Lessee (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Operations | |
Disclosure Details Of Lease Liabilities Undiscounted | Disclosure Details Of Lease Liabilities Undiscounted 12/31/2022 12/31/2021 Up to 3 months 283 304 3 months to 1 year 790 842 From 1 to 5 years 2,716 3,088 Over 5 years 930 1,980 Total Financial Liability 4,719 6,214 |
Summary of Amounts Recognized in Statement of Net Income Loss | Summary of Amounts Recognized in Statement of Net Income Loss 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Sublease revenues 26 16 8 Depreciation expenses (951) (1,279) (1,209) Interest expenses (414) (302) (227) Lease expenses for low value assets (102) (84) (87) Variable expenses not include in lease liabilities (58) (68) (66) Total (1,499) (1,717) (1,581) |
Fixed assets (Tables)
Fixed assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fixed Assets | |
Summary of Fixed Assets | Summary of Fixed Assets Fixed assets (1) 12/31/2022 Anual depreciation rates Cost Depreciation Impairment Residual Real Estate 7,132 (3,835) (151) 3,146 Land - 1,199 - - 1,199 Buildings and Improvements 4 10 5,933 (3,835) (151) 1,947 Other fixed assets 16,254 (11,588) (45) 4,621 Installations and furniture 10 20 3,559 (2,655) (14) 890 Data processing systems 20 50 9,786 (7,659) (31) 2,096 Other (2) 10 20 2,909 (1,274) - 1,635 Total 23,386 (15,423) (196) 7,767 1) The contractual commitments for purchase of the fixed assets totaled R$ 3 2) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments. Fixed assets (1) 12/31/2021 Anual depreciation rates Cost Depreciation Impairment Residual Real Estate 7,372 (4,089) (110) 3,173 Land - 1,127 - - 1,127 Buildings and Improvements 4 10 6,245 (4,089) (110) 2,046 Other fixed assets 14,659 (10,832) (37) 3,790 Installations and furniture 10 20 3,312 (2,463) (10) 839 Data processing systems 20 50 9,094 (7,170) (27) 1,897 Other (2) 10 20 2,253 (1,199) - 1,054 Total 22,031 (14,921) (147) 6,963 1) The contractual commitments for purchase of the fixed assets totaled R$ 3 2) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments. |
Goodwill and Intangible assets
Goodwill and Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill And Intangible Assets | |
Summary of Intangible Assets | Summary of Intangible Assets Note Goodwill and intangible from acquisition Intangible assets Total Association for the promotion and offer of financial products and services Software acquired Internally developed software Other intangible assets (1) Annual amortization rates 8 20 20 10 20 Cost Balance at 12/31/2021 13,031 2,657 6,476 11,157 6,431 39,752 Acquisitions - - 519 4,208 1,041 5,768 Rescissions / disposals - - (23) (1) (480) (504) Exchange variation (600) (276) (339) - (41) (1,256) Other (3) - (15) (1,210) 724 683 182 Balance at 12/31/2022 12,431 2,366 5,423 16,088 7,634 43,942 Amortization Balance at 12/31/2021 - (1,374) (4,149) (4,220) (1,984) (11,727) Amortization expense (2) - (115) (517) (1,511) (1,200) (3,343) Rescissions / disposals - - 7 - 480 487 Exchange variation - 116 188 (3) 28 329 Other (3) - 16 734 (399) (490) (139) Balance at 12/31/2022 - (1,357) (3,737) (6,133) (3,166) (14,393) Impairment 2d VIII Balance at 12/31/2021 (5,209) (712) (171) (823) - (6,915) Increase - - - (1) - (1) Exchange variation 328 153 - - - 481 Balance at 12/31/2022 (4,881) (559) (171) (824) - (6,435) Book value Balance at 12/31/2022 7,550 450 1,515 9,131 4,468 23,114 1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits. 2) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ ( 1,202 860 3) Includes the total amount of R$ 61 Goodwill and Intangible Assets from Acquisition are mainly represented by Itaú CorpBanca’s goodwill in the amount of R$ 3,015 3,375 Note Goodwill and intangible from acquisition Intangible assets Total 31/12/2021 Association for the promotion and offer of financial products and services Software acquired Internally developed software Other intangible assets (1) Annual amortization rates 8 20 20 10 20 Cost 01/01/2021 Balance at 12/31/2020 13,959 2,822 6,484 7,664 3,274 34,203 Acquisitions (4) - 5 738 3,511 3,413 7,667 Rescissions / disposals (10) - (65) (13) (236) (324) Exchange variation (918) (155) (238) - (20) (1,331) Other (3,5) - (15) (443) (5) - (463) Balance at 12/31/2021 13,031 2,657 6,476 11,157 6,431 39,752 Amortization Balance at 12/31/2020 - (1,347) (3,680) (3,288) (1,410) (9,725) Amortization expense (2) - (109) (819) (942) (791) (2,661) Rescissions / disposals - - 28 10 214 252 Exchange variation - 68 125 - 3 196 Other (3,5) - 14 197 - - 211 Balance at 12/31/2021 - (1,374) (4,149) (4,220) (1,984) (11,727) Impairment 2d VIII Balance at 12/31/2020 (5,772) (789) (204) (383) - (7,148) Increase - - - (440) - (440) Disposals - - 33 - - 33 Exchange variation 563 77 - - - 640 Balance at 12/31/2021 (5,209) (712) (171) (823) - (6,915) Book value Balance at 12/31/2021 7,822 571 2,156 6,114 4,447 21,110 1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits. 860 594 34 2,422 327 |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Interbank Deposits And Securities Purchased Under Agreements To Resell | |
Summary of Breakdown of Deposits | Summary of Breakdown of Deposits 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Interest-bearing deposits 376,238 372,635 748,873 334,808 356,620 691,428 Savings deposits 179,764 - 179,764 190,601 - 190,601 Interbank deposits 4,821 73 4,894 3,490 286 3,776 Time deposits 191,653 372,562 564,215 140,717 356,334 497,051 Non-interest bearing deposits 122,565 - 122,565 158,944 - 158,944 Demand deposits 117,587 - 117,587 158,116 - 158,116 Other deposits 4,978 - 4,978 828 - 828 Total 498,803 372,635 871,438 493,752 356,620 850,372 |
Financial liabilities designa_2
Financial liabilities designated at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial Liabilities Designated At Fair Value Through Profit Or Loss | |
Summary of Financial Liabilities Designated at Fair Value through Profit or Loss | Summary of Financial Liabilities Designated at Fair Value through Profit or Loss 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Structured notes Debt securities 2 62 64 16 98 114 Total 2 62 64 16 98 114 |
Securities sold under repurch_2
Securities sold under repurchase agreements and interbank and institutional market funds (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Securities Sold Under Repurchase Agreements And Interbank And Institutional Market Funds | |
Summary of securities sold under repurchase agreements | Summary of securities sold under repurchase agreements Interest rate (p.a.) 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Assets pledged as collateral 90,700 119 90,819 94,899 81 94,980 Government securities 13.32 13.65 66,665 - 66,665 67,060 - 67,060 Corporate securities 45 90 22,562 - 22,562 25,676 - 25,676 Own issue 12.80 15.75 2 6 8 1 20 21 Foreign 0.88 60 1,471 113 1,584 2,162 61 2,223 Assets received as collateral 13.30 13.65 127,375 - 127,375 105,036 - 105,036 Right to sell or repledge the collateral 3.6 100 52,723 22,523 75,246 43,260 9,572 52,832 Total 270,798 22,642 293,440 243,195 9,653 252,848 |
Summary of Interbank market debt | Summary of Interbank market debt Interest rate (p.a.) 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Financial bills 4.29 16.96 3,842 62,763 66,605 20,310 3,749 24,059 Real estate credit bills 4.44 15.28 24,274 3,843 28,117 3,628 7,035 10,663 Rural credit bills 4.22 13.72 26,547 9,736 36,283 4,342 9,359 13,701 Guaranteed real estate bills 4.85 100 4,908 45,667 50,575 1,623 29,375 30,998 Import and export financing 0 16.33 74,304 26,848 101,152 64,274 22,674 86,948 Onlending domestic 0 18 3,553 8,302 11,855 3,929 6,847 10,776 Total (1) 137,428 157,159 294,587 98,106 79,039 177,145 1) Comprises R$ 1,032 34,942 Funding for import and export financing represents credit facilities available for financing of imports and exports of Brazilian companies, in general denominated in foreign currency. |
Summary of Institutional market debt | Summary of Institutional market debt Interest rate (p.a.) 12/31/2022 12/31/2021 Current Non-current Total Current Non-current Total Subordinated debt LIB to 114% of SELIC 9,851 44,689 54,540 21,203 53,833 75,036 Foreign loans through securities 0.2% to 69.26% 10,333 60,188 70,521 6,560 56,283 62,843 Funding from structured operations certificates (1) 1.54% to 15.21% 547 3,774 4,321 143 614 757 Total 20,731 108,651 129,382 27,906 110,730 138,636 1) The fair value of Funding from structured operations certificates issued is R$ 4,949 790 |
Summary of Subordinated debt, including perpetual debts | Summary of Subordinated debt, including perpetual debts Name of security / currency Principal amount (original currency) Issue Maturity Return p.a. 12/31/2022 12/31/2021 Subordinated financial bills - BRL 982 2012 2022 IPCA + 5.15% to 5.60% - 6,380 20 2012 2022 IGPM + 4.63% - 44 2,146 2019 Perpetual 114% of SELIC 2,249 2,187 935 2019 Perpetual SELIC + 1.17% to 1.19% 1,047 976 50 2019 2028 CDI + 0.72% 62 55 2,281 2019 2029 CDI + 0.75% 2,834 2,502 450 2020 2029 CDI + 1.85% 550 481 106 2020 2030 IPCA + 4.64% 138 125 1,556 2020 2030 CDI + 2% 1,907 1,664 5,488 2021 2031 CDI + 2% 6,478 5,651 1,005 2022 Perpetual CDI + 2.4% 1,041 - Total 16,306 20,065 Subordinated euronotes - USD 1,341 2012 2022 5.50% - 14,742 1,854 2012 2023 5.13% 9,735 10,432 1,244 2017 Perpetual 7.72% 6,516 6,997 750 2018 Perpetual 6.50% 3,985 4,262 750 2019 2029 4.50% 3,932 4,205 700 2020 Perpetual 4.63% 3,708 3,967 500 2021 2031 3.88% 2,623 2,804 200 2022 Perpetual 6.80% 3 - Total 30,502 47,409 Subordinated bonds - CLP 27,776 1997 2022 7.45% to 8.30% - 36 180,351 2008 2033 3.50% to 4.92% 1,476 1,423 97,962 2009 2035 4.75% 1,133 1,079 1,060,250 2010 2032 4.35% 112 106 1,060,250 2010 2035 3.90% to 3.96% 257 244 1,060,250 2010 2036 4.48% 1,225 1,160 1,060,250 2010 2038 3.93% 892 845 1,060,250 2010 2040 4.15% to 4.29% 687 651 1,060,250 2010 2042 4.45% 335 317 57,168 2014 2034 3.80% 438 414 Total 6,555 6,275 Subordinated bonds - COP 104,000 2013 2023 IPC + 2% 115 145 146,000 2013 2028 IPC + 2% 161 203 780,392 2014 2024 LIB 901 939 Total 1,177 1,287 Total 54,540 75,036 |
Other assets and liabilities (T
Other assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other Assets And Liabilities | |
Summary of Other Assets | Summary of Other Assets Note 12/31/2022 12/31/2021 Financial 113,198 96,630 At amortized cost 111,823 96,473 Receivables from credit card issuers 65,852 53,968 Deposits in guarantee for contingent liabilities, provisions and legal obligations 29d 13,001 12,264 Trading and intermediation of securities 17,969 17,218 Income receivable 3,619 3,839 Operations without credit granting characteristics, net of provisions 7,900 4,720 Insurance and reinsurance operations 1,933 1,565 Net amount receivables from reimbursement of provisions 29c 899 888 Deposits in guarantee of fund raisings abroad 648 660 Foreign exchange portfolio - 1,213 Other 2 138 At fair value through profit or loss 1,375 157 Other financial assets 1,375 157 Non-financial 17,529 16,494 Sundry foreign 965 621 Prepaid expenses 6,358 5,243 Sundry domestic 3,689 2,868 Assets of post-employment benefit plans 26e 411 493 Lease right-of-use 3,863 5,046 Other 2,243 2,223 Current 111,538 93,604 Non-current 19,189 19,520 |
Summary of Other Liabilities | Summary of Other Liabilities Note 12/31/2022 12/31/2021 Financial 167,234 134,267 At amortized cost 166,651 134,106 Credit card operations 138,300 108,997 Trading and intermediation of securities 17,744 12,161 Foreign exchange portfolio 2,580 2,485 Finance leases 3,929 5,324 Other 4,098 5,139 At fair value through profit or loss 583 161 Other financial liabilities 583 161 Non-financial 48,044 42,130 Funds in transit 19,737 18,027 Charging and collection of taxes and similar 553 457 Social and statutory 10,375 7,853 Deferred income 2,737 3,278 Sundry domestic 4,730 3,183 Personnel provision 2,403 2,244 Provision for sundry payments 2,055 2,348 Obligations on official agreements and rendering of payment services 1,725 1,261 Liabilities from post-employment benefit plans 26e 2,320 2,209 Other 1,409 1,270 Current 206,029 167,789 Non-current 9,249 8,608 |
Stockholders_ equity (Tables)
Stockholders’ equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Stockholders Equity | |
Summary of Change in Shares of Paid-in Capital in the Beginnining and End of the Period | Summary of Change in Shares of Paid-in Capital in the Beginnining and End of the Period 12/31/2022 Number Amount Common Preferred Total Residents in Brazil 12/31/2021 4,929,997,183 1,771,808,645 6,701,805,828 62,020 Residents abroad 12/31/2021 28,293,176 3,074,036,344 3,102,329,520 28,709 Shares of capital stock 12/31/2021 4,958,290,359 4,845,844,989 9,804,135,348 90,729 Shares of capital stock 12/31/2022 4,958,290,359 4,845,844,989 9,804,135,348 90,729 Residents in Brazil 12/31/2022 4,927,867,243 1,629,498,182 6,557,365,425 60,683 Residents abroad 12/31/2022 30,423,116 3,216,346,807 3,246,769,923 30,046 Treasury shares (1) 12/31/2021 - 24,244,725 24,244,725 (528) Result from delivery of treasury shares - (20,976,037) (20,976,037) 457 Treasury shares (1) 12/31/2022 - 3,268,688 3,268,688 (71) Number of total shares at the end of the period (2) 12/31/2022 4,958,290,359 4,842,576,301 9,800,866,660 Number of total shares at the end of the period (2) 12/31/2021 4,958,290,359 4,821,600,264 9,779,890,623 12/31/2021 Number Amount Common Preferred Total Residents in Brazil 12/31/2020 12/31/2020 4,929,824,281 1,820,159,657 6,749,983,938 66,885 Residents abroad 12/31/2020 12/31/2020 28,466,078 3,025,685,332 3,054,151,410 30,263 Shares of capital stock 12/31/2020 12/31/2020 4,958,290,359 4,845,844,989 9,804,135,348 97,148 Shares of capital stock 12/31/2021 12/31/2021 4,958,290,359 4,845,844,989 9,804,135,348 90,729 Residents in Brazil 12/31/2021 12/31/2021 4,929,997,183 1,771,808,645 6,701,805,828 62,020 Residents abroad 12/31/2021 12/31/2021 28,293,176 3,074,036,344 3,102,329,520 28,709 Treasury shares (1) 12/31/2020 12/31/2020 - 41,678,452 41,678,452 (907) Result from delivery of treasury shares - (17,433,727) (17,433,727) 379 Treasury shares (1) 12/31/2021 12/31/2021 - 24,244,725 24,244,725 (528) Number of total shares at the end of the period (2) 12/31/2021 12/31/2021 4,958,290,359 4,821,600,264 9,779,890,623 Number of total shares at the end of the period (2) 12/31/2020 12/31/2020 4,958,290,359 4,804,166,537 9,762,456,896 1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury, for subsequent cancellation or replacement in the market. 2) Shares representing total capital stock net of treasury shares. |
Summary of Cost of Shares Purchased and Average Cost of Treasury Shares and Market Price | Summary of Cost of Shares Purchased and Average Cost of Treasury Shares and Market Price Cost / market value 12/31/2022 12/31/2021 Common Preferred Common Preferred Average cost - 21.76 - 21.76 Market value on the last day of the base date 21.89 25.00 19.09 20.95 |
Summary of Calculation of Dividends and Interest on Capital | Summary of Calculation of Dividends and Interest on Capital 12/31/2022 12/31/2021 12/31/2020 Statutory net income 29,695 26,236 18,961 Adjustments: (-) Legal reserve - 5% (1,485) (1,312) (948) Dividend calculation basis 28,210 24,924 18,013 Minimum mandatory dividend - 25% 7,053 6,231 4,503 Dividends and interest on capital paid / accrued 8,368 6,231 4,503 |
Schedule of Stockholders' Compensation | Schedule of Stockholders' Compensation 12/31/2022 Gross value per share (R$) Value WHT (With holding tax) Net Paid / prepaid 4,906 (735) 4,171 Interest on capital - 11 monthly installments paid from February to December 2022 0.0150 1,902 (285) 1,617 Interest on capital - paid on 08/30/2022 0.2605 3,004 (450) 2,554 Accrued (Recorded in Other liabilities - Social and statutory) 4,938 (741) 4,197 Interest on capital - 1 monthly installment paid on 01/02/2023 0.0150 173 (26) 147 Interest on capital - credited on 12/08/2022 to be paid until 04/28/2023 0.4133 4,765 (715) 4,050 Total - 01/01 to 12/31/2022 9,844 (1,476) 8,368 12/31/2021 Gross value per share (R$) Value WHT (With holding tax) Net Paid / prepaid 4,179 (407) 3,772 Dividends - 10 monthly installments paid from February to November 2021 0.0150 1,466 - 1,466 Interest on capital - 1 monthly installment paid in December 2021 0.0150 173 (26) 147 Interest on capital - paid on 08/26/2021 0.2207 2,540 (381) 2,159 Accrued (Recorded in Other liabilities - Social and statutory) 2,894 (435) 2,459 Interest on capital - 1 monthly installment paid on 01/03/2022 0.0150 173 (26) 147 Interest on capital - credited on 11/26/2021 to be paid until 04/29/2022 0.2249 2,587 (388) 2,199 Interest on capital 0.0116 134 (21) 113 Total - 01/01 to 12/31/2021 7,073 (842) 6,231 12/31/2020 Gross value per share (R$) Value WHT (With holding tax) Net Paid / prepaid 2,127 (78) 2,049 Dividends - 11 monthly installments paid from February to December 2020 0.0150 1,610 - 1,610 Interest on capital - paid on 08/26/2020 0,0450 517 (78) 439 Accrued (Recorded in Other liabilities - Social and statutory) 2,861 (407) 2,454 Dividends - 1 monthly installment paid on 01/04/2021 0.0150 146 - 146 Interest on capital - credited on 12/17/2020 to be paid until 04/30/2021 0,0544 624 (93) 531 Interest on capital - credited on 01/28/2021 to be paid until 04/30/2021 0.0426 490 (74) 416 Dividends or Interest on capital 0.1394 1,601 (240) 1,361 Total - 01/01 to 12/31/2020 4,988 (485) 4,503 |
Summary of Capital reserves and profit reserves | Summary of Capital reserves and profit reserves 12/31/2022 12/31/2021 12/31/2020 Capital reserves 2,480 2,250 2,326 Premium on subscription of shares 284 284 284 Share-based payment 2,192 1,962 2,038 Reserves from tax incentives, restatement of equity securities and other 4 4 4 Profit reserves 86,892 66,161 47,347 Legal (1) 15,071 13,586 12,274 Statutory (2,3) 71,821 52,575 35,073 Total reserves at parent company 89,372 68,411 49,673 1) Its purpose is to ensure the integrity of capital, compensate loss or increase capital. 2) Its main purpose is to ensure the yield flow to shareholders. 3) Includes R$ 288 |
Summary of Non-controlling Interests | Summary of Non-controlling Interests Stockholders’ equity Income 12/31/2022 12/31/2021 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Itaú CorpBanca 6,926 9,836 887 1,310 (4,135) Itaú CorpBanca Colombia S.A. 14 476 3 38 (15) Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento 769 666 123 131 164 Luizacred S.A. Soc. Cred. Financiamento Investimento 377 426 (50) 76 102 Other (1) 1,304 208 72 69 52 Total 9,390 11,612 1,035 1,624 (3,832) 1) As from 2022, in accordance with Regulatory Instruction No. 272 of 04/01/2022, it includes non-controlling minority of consolidated investments funds. |
Share-based payment (Tables)
Share-based payment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Share-based Payment | |
Summary of Expenses on Stock Based Payment Plans | Summary of Expenses on Stock Based Payment Plans 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Partner plan (1) (180) (129) (241) Share-based plan (418) (381) (489) Total (598) (510) (730) 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., in October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. Payments occured in 2022 are reflected in Personnel Expenses - Compensation (Note 23). |
Summary of Changes in Share-based Compensation Plan | Summary of Changes in Share-based Compensation Plan Change in the partner program 01/01 to 12/31/2022 01/01 to 12/31/2021 Quantity Quantity Opening balance (1) 36,943,996 36,291,760 New 21,395,758 14,583,318 Delivered (9,226,877) (11,652,700) Cancelled (859,065) (2,278,382) Closing balance 48,253,812 36,943,996 Weighted average of remaining contractual life (years) 2.21 1.80 Market value weighted average (R$) 22.22 16.71 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., as from October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. |
Summary of Changes in Share-based Compensation Plan | Summary of Changes in Share-based Compensation Plan Change in share-based variable compensation 01/01 to 12/31/2022 01/01 to 12/31/2021 Quantity Quantity Opening balance (1) 36,814,248 27,407,231 New 22,524,857 21,767,235 Delivered (14,263,138) (10,818,958) Cancelled (845,890) (1,541,260) Closing balance 44,230,077 36,814,248 Weighted average of remaining contractual life (years) 0.93 1.04 Market value weighted average (R$) 24.83 23.59 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A. (Note 3), as from October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. |
Interest and similar income a_2
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Interest And Similar Income And Expenses And Income Of Financial Assets And Liabilities At Fair Value Through Profit Or Loss | |
Summary Interest and similar income | Summary Interest and similar income 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Compulsory deposits in the Central Bank of Brazil 10,228 3,613 2,242 Interbank deposits 3,145 1,203 1,102 Securities purchased under agreements to resell 25,467 9,812 9,832 Financial assets at fair value through other comprehensive income 21,313 17,193 18,089 Financial assets at amortized cost 12,164 4,820 3,629 Loan operations 116,844 92,789 79,503 Other financial assets 1,112 (177) (28) Total 190,273 129,253 114,369 |
Summary of Interest and Similar Expense | Summary of Interest and Similar Expense 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Deposits (52,358) (20,492) (17,478) Securities sold under repurchase agreements (28,399) (8,635) (10,690) Interbank market funds (22,878) (24,929) (28,878) Institutional market funds (12,757) (9,865) (8,400) Financial expense from technical provisions for insurance and private pension (21,981) (5,346) (8,121) Other (142) (38) 9 Total (138,515) (69,305) (73,558) |
Summary of Income of Financial Assets and Liabilities at Fair Value through Profit or Loss | Summary of Income of Financial Assets and Liabilities at Fair Value through Profit or Loss 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Securities 29,730 7,439 16,035 Derivatives (1) 3,477 9,716 (9,393) Financial assets designated at fair value through profit or loss 660 (483) (118) Other financial assets at fair value through profit or loss 1,800 838 - Financial liabilities at fair value through profit or loss (1,535) (843) (9) Financial liabilities designated at fair value 41 11 38 Total 34,173 16,678 6,553 1) Includes the ineffective derivatives portion related to hedge accounting. |
Commissions and banking fees (T
Commissions and banking fees (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Commissions And Banking Fees | |
Schedule of Commissions and Banking fees | Schedule of Commissions and Banking fees 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Credit and debit cards 19,989 16,051 13,813 Current account services 7,528 7,803 8,002 Asset management 7,684 7,177 6,951 Funds 6,764 6,545 6,316 Consortia 920 632 635 Credit operations and financial guarantees provided 2,539 2,511 2,298 Credit operations 1,185 1,307 964 Financial guarantees provided 1,354 1,204 1,334 Collection services 1,971 2,020 1,897 Advisory services and brokerage 3,348 3,579 2,891 Custody services 617 605 573 Other 2,702 2,578 2,132 Total 46,378 42,324 38,557 |
General and administrative ex_2
General and administrative expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
General And Administrative Expenses | |
Summary of General and Administrative Expenses | Summary of General and Administrative Expenses 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Personnel expenses (31,317) (28,245) (25,158) Compensation, Payroll charges, Welfare benefits, Provision for labor claims, Dismissals, Training and Other (1) (24,558) (22,273) (20,693) Employees’ profit sharing and Share-based payment (2) (6,759) (5,972) (4,465) Administrative expenses (17,954) (16,080) (16,904) Third-Party and Financial System Services, Security, Transportation and Travel expenses (7,873) (7,335) (7,224) Data processing and telecommunications (4,359) (3,953) (3,983) Installations and Materials (2,201) (2,142) (2,326) Advertising, promotions and publicity (2,003) (1,389) (1,095) Other (1,518) (1,261) (2,276) Depreciation and amortization (5,750) (5,548) (5,064) Other expenses (14,143) (12,676) (17,081) Selling - credit cards (6,183) (5,292) (4,391) Claims losses (1,143) (1,038) (778) Selling of non-financial products (365) - - Loss on sale of other assets, fixed assets and investments in associates and joint ventures (133) (119) (683) Provision for lawsuits civil (1,072) (1,041) (1,080) Provision for tax and social security lawsuits (607) 317 (191) Refund of interbank costs (354) (352) (270) Impairment (16) (440) (6,201) Other (4,270) (4,711) (3,487) Total (69,164) (62,549) (64,207) 1) Includes the effects of the Voluntary Severance Program. 2) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., in October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. Payments occured in 2022 are reflected in Share-based payment (Note 20). |
Taxes (Tables)
Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Taxes | |
Summary of Calculation of Tax Rates | Summary of Calculation of Tax Rates Income tax 15.00 Additional income tax 10.00 Social contribution on net income (1) 21.00 1) Law No. 14,446/22 (conversion of Provisional Measure (MP) No. 1,115/22), published on September 05, 2022, sets forth the increase in the rate of Social contribution on net income which increased from 20 21 15 16 |
Summary of Breakdown of Income Tax and Social Contribution Expense | Summary of Breakdown of Income Tax and Social Contribution Expense Due on operations for the period 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Income / (loss) before income tax and social contribution 37,533 42,231 5,230 Charges (income tax and social contribution) at the rates in effect (1) (17,048) (19,989) (2,354) Increase / decrease in income tax and social contribution charges arising from: Share of profit or (loss) of associates and joint ventures 954 821 384 Foreign exchange variation on investments abroad (52) 437 7,201 Interest on capital 4,449 2,889 2,765 Other nondeductible expenses net of non taxable income (2) 5,102 9,181 (16,651) Income tax and social contribution expenses (6,595) (6,661) (8,655) Related to temporary differences Increase / (reversal) for the period (201) (7,186) 18,489 (Expenses) / Income from deferred taxes (201) (7,186) 18,489 Total income tax and social contribution expenses (6,796) (13,847) 9,834 1) In 2022, it considers the current IRPJ and CSLL rate equal to 45% in the period from January to July and it is equal to 46% in the period from August to December. In 2021, the rate considered was equal to 45 50 2) Includes temporary (additions) and exclusions. |
Summary of Deferred Tax Asset Balance and Respective Changes | Summary of Deferred Tax Asset Balance and Respective Changes 01/01/2022 12/31/2021 Realization / Reversal Increase 12/31/2022 Reflected in income 52,989 (19,067) 21,397 55,319 Provision for expected loss 28,428 (7,622) 13,354 34,160 Related to tax losses and social contribution loss carryforwards 3,751 (1,518) 263 2,496 Provision for profit sharing 2,265 (2,265) 2,635 2,635 Provision for devaluation of securities with permanent impairment 998 (595) 409 812 Provisions 5,848 (1,699) 1,585 5,734 Civil lawsuits 1,257 (400) 373 1,230 Labor claims 3,175 (1,204) 1,039 3,010 Tax and social security lawsuits 1,416 (95) 173 1,494 Legal obligations 822 (379) 21 464 Adjustments of operations carried out on the futures settlement market - - 171 171 Adjustment to fair value of financial assets - At fair value through profit or loss 2,726 (2,726) 829 829 Provision relating to health insurance operations 362 - 22 384 Other 7,789 (2,263) 2,108 7,634 Reflected in stockholders’ equity 2,331 (1,249) 2,128 3,210 Adjustment to fair value of financial assets - At fair value through other comprehensive income 1,329 (1,127) 2,101 2,303 Cash flow hedge 461 (122) 3 342 Other 541 - 24 565 Total (1,2) 55,320 (20,316) 23,525 58,529 1) Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 51,469 and R$ 345, respectively. 2) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole. 01/01/2021 12/31/2020 Realization / Reversal Increase 12/31/2021 Reflected in income 60,248 (24,407) 17,148 52,989 Provision for expected loss 27,933 (6,274) 6,769 28,428 Related to tax losses and social contribution loss carryforwards 5,528 (1,952) 175 3,751 Provision for profit sharing 1,903 (1,903) 2,265 2,265 Provision for devaluation of securities with permanent impairment 1,570 (1,013) 441 998 Provisions 5,845 (1,923) 1,926 5,848 Civil lawsuits 1,331 (591) 517 1,257 Labor claims 3,056 (1,188) 1,307 3,175 Tax and social security lawsuits 1,458 (144) 102 1,416 Legal obligations 774 (36) 84 822 Adjustments of operations carried out on the futures settlement market 52 (52) - - Adjustment to fair value of financial assets - At fair value through profit or loss 8,315 (8,315) 2,726 2,726 Provision relating to health insurance operations 356 - 6 362 Other 7,972 (2,939) 2,756 7,789 Reflected in stockholders’ equity 1,375 (343) 1,299 2,331 Adjustment to fair value of financial assets - At fair value through other comprehensive income 60 (30) 1,299 1,329 Cash flow hedge 758 (297) - 461 Other 557 (16) - 541 Total (1,2) 61,623 (24,750) 18,447 55,320 1) Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 50,831 and R$ 280, respectively. 2) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole. II - The deferred tax liabilities balance and its changes are represented by: 01/01/2022 12/31/2021 Realization / reversal Increase 12/31/2022 Reflected in income 4,580 (592) 3,123 7,111 Depreciation in excess finance lease 137 - 4 141 Adjustment of deposits in guarantee and provisions 1,422 (156) 173 1,439 Post-employment benefits 6 (6) 17 17 Adjustments of operations carried out on the futures settlement market 237 (237) 42 42 Adjustment to fair value of financial assets - At fair value through profit or loss 71 (71) 1,554 1,554 Taxation of results abroad – capital gains 834 (104) 4 734 Other 1,873 (18) 1,329 3,184 Reflected in stockholders’ equity 189 (116) 221 294 Adjustment to fair value of financial assets - At fair value through other comprehensive income 182 (114) 221 289 Cash flow hedge 1 (1) - - Post-employment benefits 6 (1) - 5 Total (1) 4,769 (708) 3,344 7,405 1) Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 51,469 and R$ 345, respectively. 01/01/2021 12/31/2020 Realization / reversal Increase 12/31/2021 Reflected in income 4,853 (1,029) 756 4,580 Depreciation in excess finance lease 145 (8) - 137 Adjustment of deposits in guarantee and provisions 1,404 (21) 39 1,422 Post-employment benefits 180 (178) 4 6 Adjustments of operations carried out on the futures settlement market 452 (452) 237 237 Adjustment to fair value of financial assets - At fair value through profit or loss 136 (136) 71 71 Taxation of results abroad – capital gains 644 (7) 197 834 Other 1,892 (227) 208 1,873 Reflected in stockholders’ equity 608 (580) 161 189 Adjustment to fair value of financial assets - At fair value through other comprehensive income 601 (577) 158 182 Cash flow hedge 4 (3) - 1 Post-employment benefits 3 - 3 6 Total (1) 5,461 (1,609) 917 4,769 1) Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 50,831 280 |
Summary of Realization and Present Value of Tax Credits and From Provision for Deferred Income Tax and Social Contribution | Summary of Realization and Present Value of Tax Credits and From Provision for Deferred Income Tax and Social Contribution Deferred tax assets Deferred tax liabilities % Net deferred taxes % Year of realization Temporary differences % Tax loss / social contribution loss carryforwards % Total % 2023 13,634 24.3 1,473 59.0 15,107 25.8 (415) 5.6 14,692 28.7 2024 13,727 24.5 844 33.8 14,571 24.9 (354) 4.8 14,217 27.8 2025 6,142 11.0 142 5.7 6,284 10.7 (560) 7.6 5,724 11.2 2026 5,794 10.3 28 1.1 5,822 9.9 (186) 2.5 5,636 11.0 2027 6,071 10.8 6 0.2 6,077 10.4 (340) 4.6 5,737 11.2 After 2027 10,665 19.1 3 0.2 10,668 18.3 (5,550) 74.9 5,118 10.1 Total 56,033 100.0 2,496 100.0 58,529 100.0 (7,405) 100.0 51,124 100.0 Present value (1) 48,792 2,334 51,126 (5,594) 45,532 1) The average funding rate, net of tax effects, was used to determine the present value. Projections of future taxable income include estimates of macroeconomic variables, exchange rates, interest rates, volumes of financial operations and service fees and other factors, which can vary in relation to actual data and amounts. Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between accounting criteria and the tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented above are not considered as an indication of future net income. |
Summary of Tax Liabilities | Summary of Tax Liabilities Note 12/31/2022 12/31/2021 Taxes and contributions on income payable 2,950 2,450 Deferred tax liabilities 24b II 345 280 Other 3,443 3,516 Total 6,738 6,246 Current 5,974 5,788 Non-current 764 458 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Summary of Earnings Per Share | Summary of Earnings Per Share 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Net income attributable to owners of the parent company 29,702 26,760 18,896 Minimum non-cumulative dividends on preferred shares (106) (106) (106) Retained earnings to be distributed to common equity owners in an amount per share equal to the minimum dividend payable to preferred equity owners (109) (109) (109) Retained earnings to be distributed, on a pro rata basis, to common and preferred equity owners: Common 14,920 13,462 9,491 Preferred 14,567 13,083 9,190 Total net income available to equity owners Common 15,029 13,571 9,600 Preferred 14,673 13,189 9,296 Weighted average number of outstanding shares Common 4,958,290,359 4,958,290,359 4,958,290,359 Preferred 4,840,703,872 4,818,741,579 4,801,324,161 Basic earnings per share – R$ Common 3.03 2.74 1.94 Preferred 3.03 2.74 1.94 |
Schedule of diluted earnings per share | Schedule of diluted earnings per share 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Net income available to preferred equity owners 14,673 13,189 9,296 Dividends on preferred shares after dilution effects 91 75 41 Net income available to preferred equity owners considering preferred shares after the dilution effect 14,764 13,264 9,337 Net income available to ordinary equity owners 15,029 13,571 9,600 Dividend on preferred shares after dilution effects (91) (75) (41) Net income available to ordinary equity owners considering preferred shares after the dilution effect 14,938 13,496 9,559 Adjusted weighted average of shares Common 4,958,290,359 4,958,290,359 4,958,290,359 Preferred 4,900,469,300 4,873,042,114 4,843,233,835 Preferred 4,840,703,872 4,818,741,579 4,801,324,161 Incremental as per share-based payment plans 59,765,428 54,300,535 41,909,674 Diluted earnings per share – R$ Common 3.01 2.72 1.93 Preferred 3.01 2.72 1.93 There was no |
Post-employment benefits (Table
Post-employment benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Post-employment Benefits | |
Summary of Main Assumptions Used in Actuarial Valuation of Retirement Plans | Summary of Main Assumptions Used in Actuarial Valuation of Retirement Plans 12/31/2022 12/31/2021 Mortality table (1) AT-2000 AT-2000 Discount rate (2) 10.34 9.46 Inflation (3) 4.00 4.00 Actuarial method Projected Unit Credit Projected Unit Credit 1) Correspond to those disclosed by SOA (Society of Actuaries), that reflect a 10 Retirement plans sponsored by foreign subsidiaries - Banco Itaú (Suisse) S.A., Itaú CorpBanca Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actuarial assumptions adequate to masses of participants and the economic scenario of each country. |
Summary of Allocation of Assets by Category Segmented into Quoted and Not Quoted in Active Market | Summary of Allocation of Assets by Category Segmented into Quoted and Not Quoted in Active Market Types Fair value % Allocation 12/31/2022 12/31/2021 12/31/2022 12/31/2021 Fixed income securities 20,684 19,904 94.4 90.8 Quoted in an active market 20,102 19,508 91.7 89.0 Non quoted in an active market 582 396 2.7 1.8 Variable income securities 515 1,323 2.3 6.1 Quoted in an active market 508 1,312 2.3 6.0 Non quoted in an active market 7 11 - 0.1 Structured investments 138 150 0.6 0.7 Non quoted in an active market 138 150 0.6 0.7 Real estate 527 462 2.4 2.1 Loans to participants 69 73 0.3 0.3 Total 21,933 21,912 100.0 100.0 |
Summary of Change in Net Amount Recognized in Balance Sheet | Summary of Change in Net Amount Recognized in Balance Sheet 12/31/2022 Note BD and CV plans CD plans Other post-employment benefits Total Net asset Actuarial liabilities Asset ceiling Recognized amount Pension plan fund Asset ceiling Recognized amount Liabilities Recognized amount Amounts at the beginning of the period 21,912 (20,039) (3,255) (1,382) 447 (2) 445 (779) (1,716) Amounts recognized in income (1+2+3+4) 1,995 (1,845) (308) (158) (36) - (36) (246) (440) 1 - Cost of current service - (33) - (33) - - - - (33) 2 - Cost of past service - - - - - - - (155) (155) 3 - Net interest (1) 1,995 (1,812) (308) (125) 39 - 39 (91) (177) 4 - Other expenses (2) - - - - (75) - (75) - (75) Amount recognized in stockholders' equity - other comprehensive income (5+6+7) (447) 596 (171) (22) 9 (40) (31) 25 (28) 5 - Effects on asset ceiling (4) - - (171) (171) - (40) (40) - (211) 6 - Remeasurements (441) 557 - 116 9 - 9 25 150 Changes in demographic assumptions - 29 - 29 - - - - 29 Changes in financial assumptions - 1,499 - 1,499 9 - 9 46 1,554 Experience of the plan (3) (441) (971) - (1,412) - - - - (1,412) 7 - Exchange variation (6) 39 - 33 - - - - 33 Other (8+9+10) (1,527) 1,651 - 124 - - - 151 275 8 - Receipt by Destination of Resources - - - - - - - - - 9 - Benefits paid (1,651) 1,651 - (1) - - - 151 150 10 - Contributions and investments from sponsor 124 - - 124 - - - - 124 Amounts at the end of period 21,933 (19,637) (3,734) (1,438) 420 (42) 378 (849) (1,909) Amount recognized in Assets 18a 33 378 - 411 Amount recognized in Liabilities 18b (1,471) - (849) (2,320) 12/31/2021 BD and CV plans CD plans Other post-employment benefits Total Net assets Actuarial liabilities Asset ceiling Recognized amount Pension plan fund Asset ceiling Recognized amount Liabilities Recognized amount Amounts at the beginning of the period 23,225 (20,662) (3,642) (1,079) 1,454 (951) 503 (922) (1,498) Amounts recognized in income (1+2+3+4) 1,722 (1,575) (278) (131) 41 (68) (27) (66) (224) 1 - Cost of current service - (53) - (53) - - - - (53) 2 - Cost of past service - - - - - - - - - 3 - Net interest (1) 1,722 (1,522) (278) (78) 104 (68) 36 (66) (108) 4 - Other expenses (2) - - - - (63) - (63) - (63) Amount recognized in stockholders' equity - other comprehensive income (5+6+7) (1,764) 817 665 (282) (725) 1,017 292 81 91 5 - Effects on asset ceiling - - 665 665 (484) 1,017 533 - 1,198 6 - Remeasurements (1,766) 801 - (965) (241) - (241) 81 (1,125) Changes in demographic assumptions - 4 - 4 - - - - 4 Changes in financial assumptions - 3,708 - 3,708 - - - 113 3,821 Experience of the plan (3) (1,766) (2,911) - (4,677) (241) - (241) (32) (4,950) 7 - Exchange variation 2 16 - 18 - - - - 18 Other (8+9+10) (1,271) 1,381 - 110 (323) - (323) 128 (85) 8 - Receipt by Destination of Resources (4) - - - - (323) - (323) - (323) 9 - Benefits paid (1,381) 1,381 - - - - - 128 128 10 - Contributions and investments from sponsor 110 - - 110 - - - - 110 Amounts at the end of period 21,912 (20,039) (3,255) (1,382) 447 (2) 445 (779) (1,716) Amount recognized in Assets 18a 48 445 - 493 Amount recognized in Liabilities 18b (1,430) - (779) (2,209) 1) Corresponds to the amount calculated on 01/01/2021 based on the initial amount (Net Assets, Actuarial Liabilities and Restriction of Assets), taking into account the estimated amount of payments / receipts of benefits / contributions, multiplied by the discount rate of 9.46 7.64 |
Summary of Defined Benefit Contribution | Summary of Defined Benefit Contribution Estimated contributions Contributions made 2023 01/01 to 12/31/2022 01/01 to 12/31/2021 Retirement plan - FIU 39 54 43 Retirement plan - FUNBEP 85 39 32 Total (1) 124 93 75 1) Include extraordinary contributions agreed upon in deficit equation plans. |
Summary of Maturity Profile of Defined Benefit Liabilities | Summary of Maturity Profile of Defined Benefit Liabilities Duration (1) 2023 2024 2025 2026 2027 2028 to 2032 Pension plan - FIU 9.12 1,136 1,072 1,110 1,151 1,186 6,388 Pension plan - FUNBEP 8.51 656 676 694 711 728 3,846 Other post-employment benefits 6.13 196 189 80 85 68 235 Total 1,988 1,937 1,884 1,947 1,982 10,469 1) Average duration of plan´s actuarial liabilities. |
Summary of Sensitivity of Defined Benefit Obligation | Summary of Sensitivity of Defined Benefit Obligation Main assumptions BD and CV plans Other post-employment benefits Present value of liability Income Stockholders´ equity (Other comprehensive income) (1) Present value of liability Income Stockholders´ equity (Other comprehensive income) (1) Discount rate Increase by 0.5% (763) - 284 (23) - 23 Decrease by 0.5% 824 - (311) 25 - (25) Mortality table Increase by 5% (218) - 82 (10) - 10 Decrease by 5% 228 - (87) 11 - (11) Medical inflation Increase by 1% - - - 56 - (56) Decrease by 1% - - - (48) - 48 1) Net of effects of asset ceiling |
Insurance contracts and priva_2
Insurance contracts and private pension (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Insurance Contracts And Private Pension | |
Summary of Main Insurance lines | Summary of Main Insurance lines Main Insurance Lines Sales ratio % Loss ratio % 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Group Accident Insurance 30.5 31.5 33.8 17.0 14.5 11.3 Individual Accident Insurance 18.4 18.7 18.8 25.6 26.7 29.4 Credit Life Insurance 22.3 22.9 24.2 19.3 26.1 22.3 Random Events 23.7 23.3 23.5 28.8 32.0 34.3 Multiple Peril 42.7 43.1 44.4 19.3 24.0 52.9 Mortagage Insurance in Market Policies – Credit Life Insurance 20.1 20.3 20.4 11.1 26.5 18.5 Group Life 23.8 23.8 24.0 35.5 53.5 41.0 |
Summary of Revenue From Insurance and Private Pension | Summary of Revenue From Insurance and Private Pension Main lines Premiums and contributions 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Group Accident Insurance 973 883 847 Individual Accident Insurance 149 175 187 Disability Savings Pension 292 240 258 PGBL 2,974 2,460 2,235 Credit Life Insurance 1,412 1,008 624 Random Events 216 192 195 Multiple Peril 645 542 370 Mortagage Insurance in Market Policies – Credit Life Insurance 571 437 339 Traditional 123 128 117 VGBL 8,496 7,054 8,022 Group Life 1,422 1,165 955 Other lines 849 739 655 Total 18,122 15,023 14,804 |
Schedule of change in technical provisions | Summary of Changes in Technical Provisions 12/31/2022 12/31/2021 Insurance Private Pension Total Insurance Private Pension Total Unearned premiums (PPNG) 3,615 12 3,627 2,846 12 2,858 Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) 30 228,786 228,816 19 209,196 209,215 Redemptions and Other Unsettled Amounts (PVR) 23 394 417 19 358 377 Financial surplus (PEF) - 729 729 1 691 692 Unsettled claims (PSL) 503 74 577 506 79 585 Claims / events incurred but not reported (IBNR) 345 26 371 334 27 361 Related Expenses (PDR) 32 49 81 29 65 94 Other provisions 135 397 532 129 665 794 Total 4,683 230,467 235,150 3,883 211,093 214,976 Current 3,588 159 3,747 3,102 541 3,643 Non-current 1,095 230,308 231,403 781 210,552 211,333 IV - Change in technical provisions Schedule of change in technical provisions 12/31/2022 12/31/2021 Insurance Private pension Total Insurance Private pension Total Opening balance - 01/01 3,883 211,093 214,976 3,303 217,697 221,000 (+) Additions arising from premiums / contributions 6,254 11,632 17,886 5,106 9,676 14,782 (-) Deferral due to elapsed risk (5,485) - (5,485) (4,563) - (4,563) (-) Payment of claims / benefits (1,506) (465) (1,971) (1,598) (373) (1,971) (+) Reported claims 1,477 - 1,477 1,534 - 1,534 (-) Redemptions - (15,127) (15,127) - (16,872) (16,872) (+/-) Net Portability - 1,962 1,962 - (3,417) (3,417) (+) Adjustment of reserves and financial surplus 10 21,591 21,601 14 5,009 5,023 (+/-) Other (increase / reversal) 50 (219) (169) 83 (627) (544) (+/-) Corporate Reorganization - - - 4 - 4 Closing balance 4,683 230,467 235,150 3,883 211,093 214,976 Through actuarial models based mainly on the portfolio historical experience and on macroeconomic projections, ITAÚ UNIBANCO HOLDING establishes the assumptions that influence the assessment of technical provisions. The assumptions are reassessed annually by experts of the actuarial and risk area, and are subsequently submitted to the executive’s approval. The effects on assumptions are recognized in income for the period in which they occurred. |
Schedule of change in technical provisions | Schedule of change in technical provisions 12/31/2022 12/31/2021 Insurance Private pension Total Insurance Private pension Total Opening balance - 01/01 3,883 211,093 214,976 3,303 217,697 221,000 (+) Additions arising from premiums / contributions 6,254 11,632 17,886 5,106 9,676 14,782 (-) Deferral due to elapsed risk (5,485) - (5,485) (4,563) - (4,563) (-) Payment of claims / benefits (1,506) (465) (1,971) (1,598) (373) (1,971) (+) Reported claims 1,477 - 1,477 1,534 - 1,534 (-) Redemptions - (15,127) (15,127) - (16,872) (16,872) (+/-) Net Portability - 1,962 1,962 - (3,417) (3,417) (+) Adjustment of reserves and financial surplus 10 21,591 21,601 14 5,009 5,023 (+/-) Other (increase / reversal) 50 (219) (169) 83 (627) (544) (+/-) Corporate Reorganization - - - 4 - 4 Closing balance 4,683 230,467 235,150 3,883 211,093 214,976 Through actuarial models based mainly on the portfolio historical experience and on macroeconomic projections, ITAÚ UNIBANCO HOLDING establishes the assumptions that influence the assessment of technical provisions. The assumptions are reassessed annually by experts of the actuarial and risk area, and are subsequently submitted to the executive’s approval. The effects on assumptions are recognized in income for the period in which they occurred. |
Summary of Deferred Acquisition Costs | Summary of Deferred Acquisition Costs 12/31/2022 12/31/2021 Opening Balance - 01/01 631 496 Increase 1,559 1,298 Amortization (1,379) (1,163) Closing Balance 811 631 Balance to be amortized in up to 12 months 573 464 Balance to be amortized after 12 months 238 167 |
Schedule of judicial claims net of reinsurance | Summary of Claims Development Provision for unsettled claims (PSL) 577 (-) IBNER 213 (-) Reinsurance 12 (-) Retrocession and other estimates (7) Liability claims presented in the claims development table (I + II) 359 The amount of obligations of the ITAÚ UNIBANCO HOLDING may change. The first part of the table below shows how the final loss estimate changes through time. The second part of the table reconciles the amounts pending payment and the liability disclosed in the balance sheet. I - Administrative claims - net of reinsurance Schedule of administrative claims - net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 954 1,121 1,231 1,401 1,413 After 1 year 1,012 1,133 1,237 1,491 After 2 years 1,015 1,133 1,245 After 3 years 1,012 1,135 After 4 years 1,007 Current estimate 1,007 1,135 1,245 1,491 1,413 Accumulated payments through base date 998 1,126 1,236 1,476 1,316 6,152 Liabilities recognized in the balance sheet 9 9 9 15 97 139 Liabilities in relation to prior periods 55 Total administrative claims 194 II - Judicial claims - net of reinsurance Schedule of judicial claims net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 16 20 12 12 15 After 1 year 33 36 23 27 After 2 years 47 43 31 After 3 years 54 50 After 4 years 58 Current estimate 58 50 31 27 15 Accumulated payments through base date 49 37 19 14 5 124 Liabilities recognized in the balance sheet 9 13 12 13 10 57 Liabilities in relation to prior periods 108 Total judicial claims 165 The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown. |
Schedule of judicial claims net of reinsurance | Schedule of administrative claims - net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 954 1,121 1,231 1,401 1,413 After 1 year 1,012 1,133 1,237 1,491 After 2 years 1,015 1,133 1,245 After 3 years 1,012 1,135 After 4 years 1,007 Current estimate 1,007 1,135 1,245 1,491 1,413 Accumulated payments through base date 998 1,126 1,236 1,476 1,316 6,152 Liabilities recognized in the balance sheet 9 9 9 15 97 139 Liabilities in relation to prior periods 55 Total administrative claims 194 II - Judicial claims - net of reinsurance Schedule of judicial claims net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 16 20 12 12 15 After 1 year 33 36 23 27 After 2 years 47 43 31 After 3 years 54 50 After 4 years 58 Current estimate 58 50 31 27 15 Accumulated payments through base date 49 37 19 14 5 124 Liabilities recognized in the balance sheet 9 13 12 13 10 57 Liabilities in relation to prior periods 108 Total judicial claims 165 The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown. |
Schedule of judicial claims net of reinsurance | Schedule of judicial claims net of reinsurance Occurrence date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Total At the end of reporting period 16 20 12 12 15 After 1 year 33 36 23 27 After 2 years 47 43 31 After 3 years 54 50 After 4 years 58 Current estimate 58 50 31 27 15 Accumulated payments through base date 49 37 19 14 5 124 Liabilities recognized in the balance sheet 9 13 12 13 10 57 Liabilities in relation to prior periods 108 Total judicial claims 165 The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown. |
Fair value of financial instr_2
Fair value of financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Of Financial Instruments | |
Summary of Breakdown of Fair Value Hierarchy Levels | Summary of Breakdown of Fair Value Hierarchy Levels 12/31/2022 12/31/2021 Level 1 Level 2 Level 3 Book Value / Fair Value Level 1 Level 2 Level 3 Book Value / Fair Value Financial Assets 391,297 115,792 437 507,526 366,930 102,253 1,563 470,746 Financial assets at fair value through profit or loss 274,659 111,436 379 386,474 262,912 100,649 1,563 365,124 Investment funds 954 31,537 - 32,491 653 19,486 - 20,139 Brazilian government securities 226,056 5,856 - 231,912 218,449 6,350 - 224,799 Government securities – other countries 8,017 - - 8,017 5,561 - - 5,561 Corporate securities 39,632 72,708 339 112,679 38,249 74,656 1,563 114,468 Shares 5,817 9,634 86 15,537 14,355 5,002 - 19,357 Rural product note - 2,510 7 2,517 - 6,791 61 6,852 Bank deposit certificates - 360 - 360 - 150 - 150 Real estate receivables certificates - 1,329 151 1,480 - 1,009 3 1,012 Debentures 29,446 33,412 84 62,942 18,638 45,672 1,478 65,788 Eurobonds and other 4,369 - 4 4,373 5,244 1 8 5,253 Financial bills - 19,371 7 19,378 - 10,098 13 10,111 Promissory and commercial notes - 3,900 - 3,900 - 4,684 - 4,684 Other - 2,192 - 2,192 12 1,249 - 1,261 Other Financial Assets - 1,335 40 1,375 - 157 - 157 Financial assets at fair value through other comprehensive income 116,638 4,356 58 121,052 104,018 1,604 - 105,622 Brazilian government securities 69,951 1,032 - 70,983 68,457 1,185 - 69,642 Government securities – other countries 37,910 - - 37,910 30,194 - - 30,194 Corporate securities 8,777 3,324 58 12,159 5,367 419 - 5,786 Shares 4,770 70 45 4,885 743 - - 743 Rural product note - 390 - 390 - - - - Bank deposit certificates 551 150 13 714 - 131 - 131 Debentures 538 645 - 1,183 134 217 - 351 Eurobonds and other 2,918 1,361 - 4,279 4,490 8 - 4,498 Financial credit bills - 13 - 13 - 6 - 6 Other (Corporate securities) - 695 - 695 - 57 - 57 Financial liabilities at fair value through profit or loss - 647 - 647 - 275 - 275 Structured notes - 64 - 64 - 114 - 114 Other financial liabilities - 583 - 583 - 161 - 161 |
Summary of Breakdown of Fair Value Hierarchy Levels for Derivative Assets and Liabilities | Summary of Breakdown of Fair Value Hierarchy Levels for Derivative Assets and Liabilities 12/31/2022 12/31/2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets 29 77,508 671 78,208 6 68,887 152 69,045 Swap Contracts – adjustment receivable - 46,271 631 46,902 - 37,924 90 38,014 Option Contracts - 23,637 34 23,671 3 21,187 62 21,252 Forward Contracts - 595 6 601 - 3,111 - 3,111 Credit derivatives - 492 - 492 - 242 - 242 NDF - Non Deliverable Forward - 6,140 - 6,140 - 5,943 - 5,943 Other derivative financial instruments 29 373 - 402 3 480 - 483 Liabilities (186) (76,106) (569) (76,861) (3) (63,076) (125) (63,204) Swap Contracts – adjustment payable - (38,507) (561) (39,068) - (34,535) (111) (34,646) Option Contracts - (29,880) (2) (29,882) (2) (22,531) (14) (22,547) Forward Contracts - (65) - (65) - (762) - (762) Credit derivatives - (604) - (604) - (198) - (198) NDF - Non Deliverable Forward - (6,626) - (6,626) - (4,896) - (4,896) Other derivative financial instruments (186) (424) (6) (616) (1) (154) - (155) In all periods, there was no significant transfer between Level 1 and Level 2. Transfers to and from Level 3 are presented in movements of Level 3. |
Schedule of level 3 recurring fair value changes | Schedule of level 3 recurring fair value changes Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) ######## 12/31/2021 Recognized in income Recognized in other comprehensive income 12/31/2022 Financial assets at fair value through profit or loss 1,563 46 - 143 (49) (1,324) 379 (98) Corporate securities 1,563 21 - 128 (49) (1,324) 339 (138) Shares - (54) - - - 140 86 (62) Real estate receivables certificates 3 (36) - 2 (2) 184 151 (60) Debentures 1,478 109 - 96 - (1,599) 84 (7) Rural Product Note 61 3 - - (1) (56) 7 (9) Eurobonds and other 8 (1) - 11 (14) - 4 - Financial bills 13 - - 19 (32) 7 7 - Other financial assets - 25 - 15 - - 40 40 Financial assets at fair value through other comprehensive income - (2) - 47 - 13 58 - Corporate securities - (2) - 47 - 13 58 - Shares - (2) - 47 - - 45 - Bank deposit certificates - - - - - 13 13 - Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) 12/31/2021 Recognized in income Recognized in other comprehensive income 12/31/2022 Derivatives - assets 152 178 64 234 (552) 595 671 588 Swap Contracts – adjustment receivable 90 151 64 - (73) 399 631 608 Option Contracts 62 27 - 228 (479) 196 34 (20) Foiward contracts - - - 6 - - 6 - Derivatives - liabilities (125) 48 (132) (85) 38 (313) (569) (349) Swap Contracts – adjustment payable (111) (25) (132) - 21 (314) (561) (350) Option Contracts (14) 73 - (79) 17 1 (2) 1 Other derivative financial instruments - - - (6) - - (6) - Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) ######## 12/31/2020 Recognized in income Recognized in other comprehensive income 12/31/2021 Financial assets at fair value through profit or loss 1,968 (505) - 1,993 (865) (1,028) 1,563 (434) Corporate securities 1,968 (505) - 1,993 (865) (1,028) 1,563 (434) Real estate receivables certificates 548 (167) - 1,039 (616) (801) 3 - Debentures 1,350 (313) - 855 (211) (203) 1,478 (432) Rural Product Note 64 (15) - 62 (32) (18) 61 - Eurobonds and other - (9) - 23 (6) - 8 (2) Financial bills 6 (1) - 14 - (6) 13 - Fair value at Total gains or losses (realized / unrealized) Purchases Settlements Transfers in and / or out of Level Fair value at Total Gains or Losses (unrealized) 12/31/2020 Recognized in income Recognized in other comprehensive income 12/31/2021 Derivatives - assets 105 46 - 327 (284) (42) 152 56 Swap Contracts – adjustment receivable 93 26 - 56 (43) (42) 90 90 Option Contracts 12 20 - 271 (241) - 62 (34) Derivatives - liabilities (110) 72 - (233) 148 (2) (125) (24) Swap Contracts – adjustment payable (109) 8 - (30) 22 (2) (111) (46) Option Contracts (1) 64 - (203) 126 - (14) 22 |
Summary of Sensitivity Analyses Operations of Level 3 | Summary of Sensitivity Analyses Operations of Level 3 Sensitivity – Level 3 Operations 12/31/2022 12/31/2021 Market risk factor groups Scenarios Impact Impact Income Stockholders' equity Income Stockholders' equity Interest rates I (2.2) - (1.5) - II (56.9) - (38.2) - III (113.3) - (76.4) - Commodities, Indexes and Shares I (6.7) - - - II (13.4) - - - Nonlinear I (24.8) - (56.5) - II (37.8) - (93.3) - The following scenarios are used to measure sensitivity: Interest rate Based on reasonably possible changes in assumptions of 1, 25 and 50 basis points (scenarios I, II and III respectively) applied to the interest curves, both up and down, taking the largest losses resulting in each scenario. Commodities, Index and Shares Based on reasonably possible changes in assumptions of 5 and 10 percentage points (scenarios I and II respectively) applied to share prices, both up and down, taking the largest losses resulting in each scenario. Nonlinear Scenario I: Based on reasonably possible changes in assumptions of 5 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario. Scenario II: Based on reasonably possible changes in assumptions of 10 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario. |
Summary of Carrying and Estimated Fair Values for Financial Instruments | Summary of Carrying and Estimated Fair Values for Financial Instruments 12/31/2022 12/31/2021 Book value Fair value Book value Fair value Financial assets 1,586,992 1,588,402 1,375,782 1,376,534 At Amortized Cost 1,586,992 1,588,402 1,375,782 1,376,534 Central Bank compulsory deposits 115,748 115,748 110,392 110,392 Interbank deposits 59,592 59,868 69,942 70,112 Securities purchased under agreements to resell 221,779 221,779 169,718 169,718 Securities 219,315 219,133 147,746 147,219 Loan and financial lease 909,422 910,738 822,590 823,699 Other financial assets 111,823 111,823 96,473 96,473 (-) Provision for expected loss (50,687) (50,687) (41,079) (41,079) Financial liabilities 1,759,182 1,758,475 1,558,307 1,558,838 At Amortized Cost 1,755,498 1,754,791 1,553,107 1,553,638 Deposits 871,438 871,370 850,372 850,277 Securities sold under repurchase agreements 293,440 293,440 252,848 252,848 Interbank market funds 294,587 294,573 177,145 177,181 Institutional market funds 129,382 128,757 138,636 139,226 Other financial liabilities 166,651 166,651 134,106 134,106 Provision for Expected Loss 3,684 3,684 5,200 5,200 Loan commitments 2,874 2,874 4,433 4,433 Financial guarantees 810 810 767 767 |
Provisions, contingent assets_2
Provisions, contingent assets and contingent liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions Contingent Assets And Contingent Liabilities | |
Disclosure of Provision | Disclosure of Provision Below are the changes in civil, labor and other risks provisions: 12/31/2022 Note Civil Labor Other Risks Total Opening balance - 01/01 3,317 8,219 1,558 13,094 (-) Provisions guaranteed by indemnity clause 2d XIV (225) (879) - (1,104) Subtotal 3,092 7,340 1,558 11,990 Adjustment / Interest 23 169 491 - 660 Changes in the period reflected in income 23 903 2,339 469 3,711 Increase (1) 1,403 2,663 469 4,535 Reversal (500) (324) - (824) Payment (1,140) (2,936) (183) (4,259) Subtotal 3,024 7,234 1,844 12,102 (+) Provisions guaranteed by indemnity clause 2d XIV 207 952 - 1,159 Closing balance 3,231 8,186 1,844 13,261 Current 1,157 2,949 605 4,711 Non-current 2,074 5,237 1,239 8,550 12/31/2021 Note Civil Labor Other Risks Total Opening balance - 01/01 3,511 8,015 1,483 13,009 (-) Provisions guaranteed by indemnity clause 2d XIV (216) (950) - (1,166) Subtotal 3,295 7,065 1,483 11,843 Adjustment / Interest 23 221 155 - 376 Changes in the period reflected in income 23 820 2,652 85 3,557 Increase 1,176 2,888 119 4,183 Reversal (356) (236) (34) (626) Payment (1,244) (2,532) (10) (3,786) Subtotal 3,092 7,340 1,558 11,990 (+) Provisions guaranteed by indemnity clause 2d XIV 225 879 - 1,104 Closing balance 3,317 8,219 1,558 13,094 Current 1,266 2,528 429 4,223 Non-current 2,051 5,691 1,129 8,871 1) Includes, in the labor provision, the effects of the Voluntary Severance Program. |
Summary of Assets Pledged as Collateral for Lawsuits Involving Contingent Liabilities are Restricted or Deposited | Schedule of tax and social security provisions Tax and social security provisions correspond to the principal amount of taxes involved in administrative or judicial tax lawsuits, subject to tax assessment notices, plus interest and, when applicable, fines and charges. The table below shows the change in the provisions: Note 12/31/2022 12/31/2021 Opening balance - 01/01 6,498 6,810 (-) Provisions guaranteed by indemnity clause 2d XIV (71) (71) Subtotal 6,427 6,739 Adjustment / Interest (1) 628 202 Changes in the period reflected in income (829) 8 Increase (1) 156 180 Reversal (1) (985) (172) Payment (86) (523) Subtotal 6,140 6,426 (+) Provisions guaranteed by indemnity clause 2d XIV 74 72 Closing balance 6,214 6,498 Current 4 10 Non-current 6,210 6,488 1) The amounts are included in the headings Tax Expenses, General and Administrative Expenses and Current Income Tax and Social Contribution. The main discussions related to tax and social security provisions are described below: • INSS – Non-compensatory Amounts – R$ 1,935 1,167 • PIS and COFINS – Calculation Basis – R$ 672 659 III - Contingencies not provided for in the balance sheet Amounts involved in administrative and judicial arguments with the risk of loss estimated as possible are not provided for and they are basically composed of: Civil lawsuits and labor claims In Civil Lawsuits with possible loss, total estimated risk is R$ 5,087 4,903 For Labor Claims with possible loss, estimated risk is R$ 637 448 Tax and social security obligations Tax and social security obligations of possible loss totaled R$ 40,958 35,855 • INSS – Non-compensatory Amounts – R$ 8,915 • ISS – Banking Activities/Provider Establishment – R$ 6,066 • IRPJ, CSLL, PIS and COFINS – Funding Expenses – R$ 5,338 • IRPJ and CSLL – Goodwill – Deduction – R$ 3,677 • PIS and COFINS - Reversal of Revenues from Depreciation in Excess – R$ 3,370 • IRPJ, CSLL, PIS and COFINS – Requests for Offsetting Dismissed – R$ 2,508 • IRPJ and CSLL – Disallowance of Losses – R$ 1,327 • IRPJ and CSLL - Deductibility of Loss in Loan Operations - R$ 958 c) Accounts receivable – Reimbursement of provisions The receivables balance arising from reimbursements of contingencies totals R$ 899 888 d) Guarantees of contingencies, provisions and legal obligations The guarantees related to legal proceedings involving ITAÚ UNIBANCO HOLDING and basically consist of: Summary of Assets Pledged as Collateral for Lawsuits Involving Contingent Liabilities are Restricted or Deposited 12/31/2022 12/31/2021 Note Civil Labor Tax Total Total Deposits in guarantee 18a 1,761 2,044 9,196 13,001 12,264 Investment fund quotas 416 136 63 615 690 Surety 64 52 5,146 5,262 4,115 Insurance bond 1,622 1,461 16,173 19,256 18,771 Guarantee by government securities - - 292 292 242 Total 3,863 3,693 30,870 38,426 36,082 |
Summary of Assets Pledged as Collateral for Lawsuits Involving Contingent Liabilities are Restricted or Deposited | Summary of Assets Pledged as Collateral for Lawsuits Involving Contingent Liabilities are Restricted or Deposited 12/31/2022 12/31/2021 Note Civil Labor Tax Total Total Deposits in guarantee 18a 1,761 2,044 9,196 13,001 12,264 Investment fund quotas 416 136 63 615 690 Surety 64 52 5,146 5,262 4,115 Insurance bond 1,622 1,461 16,173 19,256 18,771 Guarantee by government securities - - 292 292 242 Total 3,863 3,693 30,870 38,426 36,082 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment Information | |
Summary of Operating Segments | Summary of Operating Segments 01/01 to 12/31/2022 Retail Business Wholesale Business Activities with the Market + Corporation ITAÚ UNIBANCO Adjustments IFRS consolidated (3) Operating revenues 90,509 49,229 2,983 142,721 2,136 144,857 Interest margin (1) 54,881 34,701 2,979 92,561 (5,350) 87,211 Revenues from banking services and bank charges 26,787 14,143 177 41,107 5,271 46,378 Income from insurance and private pension operations before claim and selling expenses 8,841 385 (173) 9,053 (3,115) 5,938 Other revenues - - - - 5,330 5,330 Cost of Credit (29,908) (2,392) - (32,300) 4,563 (27,737) Claims (1,538) (11) - (1,549) (1) (1,550) Operating margin 59,063 46,826 2,983 108,872 6,698 115,570 Other operating income / (expenses) (43,512) (19,482) (374) (63,368) (14,669) (78,037) Non-interest expenses (2) (37,302) (17,019) (312) (54,633) (14,531) (69,164) Tax expenses for ISS, PIS and COFINS and Other (6,210) (2,463) (62) (8,735) (810) (9,545) Share of profit or (loss) in associates and joint ventures - - - - 672 672 Income before income tax and social contribution 15,551 27,344 2,609 45,504 (7,971) 37,533 Income tax and social contribution (4,594) (9,076) (14) (13,684) 6,888 (6,796) Non-controlling interests 45 (825) (254) (1,034) (1) (1,035) Net income 11,002 17,443 2,341 30,786 (1,084) 29,702 Net income - 12/31/2022 Total assets (*) 1,524,983 1,175,209 171,983 2,469,958 (146,518) 2,323,440 Total liabilities - 1,455,227 1,102,834 144,379 2,300,224 (154,127) 2,146,097 (*) Investments in associates and joint ventures 2,114 - 4,798 6,912 531 7,443 Fixed assets, net 5,781 1,282 - 7,063 704 7,767 Goodwill and Intangible assets, net 8,660 9,062 - 17,722 5,392 23,114 1) Includes interest and similar income and expenses of R$ 51,758 34,173 1,280 2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ ( 5,750 3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties. 01/01 to 12/31/2021 Retail Business Wholesale Business Activities with the Market + Corporation ITAÚ UNIBANCO Adjustments IFRS consolidated (3) Operating revenues 75,443 38,228 11,930 125,601 773 126,374 Interest margin (1) 43,042 24,005 11,099 78,146 (2,937) 75,209 Commissions and Banking Fees 25,169 13,817 884 39,870 2,454 42,324 Income from insurance and private pension operations before claim and selling expenses 7,232 406 (53) 7,585 (2,231) 5,354 Other revenues - - - - 3,487 3,487 Cost of Credit (18,278) (1,956) - (20,234) 7,455 (12,779) Claims (1,591) (9) - (1,600) - (1,600) Operating margin 55,574 36,263 11,930 103,767 8,228 111,995 Other operating income / (expenses) (40,116) (17,743) (1,055) (58,914) (10,850) (69,764) Non-interest expenses (2) (35,031) (15,699) (478) (51,208) (11,341) (62,549) Tax expenses for ISS, PIS and COFINS and Other (5,085) (2,044) (577) (7,706) (673) (8,379) Share of profit or (loss) in associates and joint ventures - - - - 1,164 1,164 Income before income tax and social contribution 15,458 18,520 10,875 44,853 (2,622) 42,231 Income tax and social contribution (5,593) (6,799) (3,997) (16,389) 2,542 (13,847) Non-controlling interests (330) (591) (664) (1,585) (39) (1,624) Net income 9,535 11,130 6,214 26,879 (119) 26,760 12/31/2021 Total assets (*) 1,311,330 1,013,836 133,123 2,166,019 (96,813) 2,069,206 Total liabilities - 1,252,211 945,311 105,190 2,010,442 (105,712) 1,904,730 (*) Investments in associates and joint ventures 2,008 - 4,338 6,346 (225) 6,121 Fixed assets, net 5,420 997 - 6,417 546 6,963 Goodwill and Intangible assets, net 8,371 9,557 - 17,928 3,182 21,110 1) Includes interest and similar income and expenses of R$ 59,948 16,678 1,417 2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ ( 5,548 3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties. 01/01 to 12/31/2020 Retail Business Wholesale Business Activities with the Market + Corporation ITAÚ UNIBANCO Adjustments IFRS consolidated (3) Operating revenues 72,680 32,187 9,918 114,785 (14,586) 100,199 Interest margin (1) 41,818 19,883 8,394 70,095 (20,042) 50,053 Revenues from banking services and bank charges 23,918 11,911 1,401 37,230 1,327 38,557 Income from insurance and private pension operations before claim and selling expenses 6,944 393 123 7,460 (2,972) 4,488 Other revenues - - - - 7,101 7,101 Cost of Credit (21,247) (8,968) 6 (30,209) 5,583 (24,626) Claims (1,345) (8) - (1,353) (1) (1,354) Operating margin 50,088 23,211 9,924 83,223 (9,004) 74,219 Other operating income / (expenses) (40,221) (16,133) (650) (57,004) (11,985) (68,989) Non-interest expenses (2) (35,310) (14,592) (287) (50,189) (14,018) (64,207) Tax expenses for ISS, PIS and COFINS and Other (4,911) (1,541) (363) (6,815) 634 (6,181) Share of profit or (loss) in associates and joint ventures - - - - 1,399 1,399 Income before income tax and social contribution 9,867 7,078 9,274 26,219 (20,989) 5,230 Income tax and social contribution (3,071) (1,893) (3,099) (8,063) 17,897 9,834 Non-controlling interests (175) 601 (46) 380 3,452 3,832 Net income 6,621 5,786 6,129 18,536 360 18,896 12/31/2020 Total assets (*) 1,265,620 981,034 143,715 2,112,586 (93,335) 2,019,251 Total liabilities - 1,218,977 915,253 108,432 1,964,880 (100,154) 1,864,726 (*) Investments in associates and joint ventures 2,012 - 13,879 15,891 (321) 15,570 Fixed assets, net 4,587 806 - 5,393 1,544 6,937 Goodwill and Intangible assets, net 4,978 9,901 - 14,879 2,451 17,330 1) Includes interest and similar income and expenses of R$ 40,811 6,553 2,689 2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ ( 5,064 3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties. |
Summary of Result of Non-Current Assets and Main Services and Products by Geographic Region | Summary of Result of Non-Current Assets and Main Services and Products by Geographic Region 12/31/2022 12/31/2021 Brazil Abroad Total Brazil Abroad Total Non-current assets 30,230 651 30,881 21,390 6,683 28,073 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Brazil Abroad Total Brazil Abroad Total Brazil Abroad Total Income related to interest and similar (1,2,3) 174,118 51,608 225,726 117,094 27,420 144,514 104,364 19,247 123,611 Income from insurance and private pension operations before claim and selling expenses (3) 5,093 845 5,938 5,332 22 5,354 4,488 - 4,488 Commissions and Banking Fees (3) 31,928 14,450 46,378 37,744 4,580 42,324 34,624 3,933 38,557 1) Includes interest and similar income, result of financial assets and liabilities at fair value through profit or loss and foreign exchange results and exchange variations in foreign transactions. 2) ITAÚ UNIBANCO HOLDING does not have customers representing 10 3) In "Brazil" geographic region the companies headquartered in the country and "Abroad" are considered; the other companies, the amounts consider the already eliminated values. |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Related Parties | |
Summary of Transactions Between Related Parties | Summary of Transactions Between Related Parties Annual rate Assets / (Liabilities) Revenues / (Expenses) 12/31/2022 12/31/2021 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Interbank investments 3,835 2,301 196 84 63 Other 13.40% 3,835 2,301 196 84 63 Loan operations 668 654 78 35 56 Dexco S.A. CDI + 1.45% 623 546 77 31 19 Other 45 108 1 4 37 Securities and derivative financial instruments (assets and liabilities) 6,013 5,397 908 303 6 Investment funds 230 183 47 34 14 CCR S.A. CDI + 1.7% / 9.76% 2,138 - 232 - - Copagaz – Distribuidora de Gás S.A. CDI + 1.7% to 2.95% 1,024 1,082 150 71 1 Itaúsa S.A. CDI + 2% to 2.4% 1,199 1,200 166 74 1 Águas do Rio 4 SPE S.A. CDI + 3.5% 706 1,574 168 60 - Aegea Saneamento e Participações S.A. CDI + 1.7% / 16.76% 306 844 79 34 - Other CDI + 1.35% to 3.5% 410 514 66 30 (10) Deposits (2,491) (437) (154) (2) (14) CCR S.A. 98% to 103% CDI (2,026) - (67) - - Aegea Saneamento e Participações S.A. (11) (158) (28) - - Alpargatas S.A. 101% CDI (150) - (1) - - Other 75% to 101% CDI (304) (279) (58) (2) (14) Deposits received under securities repurchase agreements (19) (6) (19) (35) - Other 82% to 85% CDI (19) (6) (19) (35) - Funds from acceptances and issuance of securities (49) - (17) - - Aegea Saneamento e Participações S.A. - - (15) - - Copagaz – Distribuidora de Gás S.A. 103% CDI (49) - (2) - - Amounts receivable (payable) / Commissions and/or Other General and Administrative expenses (136) (273) (89) (122) 26 Fundação Itaú Unibanco - Previdência Complementar (81) (78) 39 37 42 Olímpia Promoção e Serviços S.A. (4) (5) (58) - (45) FUNBEP - Fundo de Pensão Multipatrocinado (196) (158) (54) (172) 7 Itaúsa S.A. (20) (10) 13 13 12 ConectCar Soluções de Mobilidade Eletrônica S.A. (5) (8) (38) (4) 7 Other 170 (14) 9 4 3 Rent - - (32) (37) (31) Fundação Itaú Unibanco - Previdência Complementar - - (30) (34) (28) FUNBEP - Fundo de Pensão Multipatrocinado - - (2) (3) (3) Donation - - - - (1,002) Fundação Itaú para a Educação e Cultura - - - - (1,000) Other - - - - (2) Sponsorship 28 12 (24) (14) (16) Associação Cubo Coworking Itaú 28 12 (24) (14) (16) |
Summary of Compensation and Benefits of Key Management Personnel | Summary of Compensation and Benefits of Key Management Personnel 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Fees (603) (460) (578) Profit sharing (255) (208) (112) Post-employment benefits (5) (9) (9) Share-based payment plan (1) (142) (120) (228) Total (1,005) (797) (927) 1) As a result of the reduction of the minority interest in XP Inc. and subsequent merger of XPart S.A., in October 2021, there was an increase in the number of ITUB4 shares to be delivered under the variable compensation plans. Payments occured in 2022 are reflected in Fees. |
Risk and Capital Management (Ta
Risk and Capital Management (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Risk And Capital Management | |
Disclosure Of Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income And The Impact On Expected Credit Loss In Various Scenarios | Disclosure Of Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income And The Impact On Expected Credit Loss In Various Scenarios 12/31/2022 12/31/2021 Financial Assets (1) Expected Loss (2) Reduction/(Increase) of Expected Loss Financial Assets (1) Expected Loss (2) Reduction/(Increase) of Expected Loss Pessimistic scenario Base scenario Optimistic scenario Pessimistic scenario Base scenario Optimistic scenario 1,256,751 (54,476) (530) 198 530 1,078,891 (46,348) (340) 163 1,788 Financial Asset - 1) Composed of Loan operations, lease operations and securities. 2) Comprises expected credit loss for Financial Guarantees R$ ( 810 767 2,874 4,433 |
Summary of Credit Risk Exposure | I.IV - Maximum Exposure of Financial Assets to Credit Risk Summary of Credit Risk Exposure 12/31/2022 12/31/2021 Brazil Abroad Total Brazil Abroad Total Financial Assets 1,545,701 511,277 2,056,978 1,319,532 485,649 1,805,181 At Amortized Cost 1,120,797 350,447 1,471,244 914,776 350,614 1,265,390 Interbank deposits 18,955 40,637 59,592 17,795 52,147 69,942 Securities purchased under agreements to resell 218,339 3,440 221,779 159,974 9,744 169,718 Securities 191,947 27,368 219,315 125,875 21,871 147,746 Loan and lease operations 636,836 272,586 909,422 562,646 259,944 822,590 Other financial assets 97,995 13,828 111,823 81,398 15,075 96,473 (-) Provision for Expected Loss (43,275) (7,412) (50,687) (32,912) (8,167) (41,079) At Fair Value Through Other Comprehensive Income 48,438 72,614 121,052 44,648 60,974 105,622 Securities 48,438 72,614 121,052 44,648 60,974 105,622 At Fair Value Through Profit or Loss 376,466 88,216 464,682 360,108 74,061 434,169 Securities 364,039 21,060 385,099 343,339 21,628 364,967 Derivatives 11,052 67,156 78,208 16,612 52,433 69,045 Other financial assets 1,375 - 1,375 157 - 157 Financial liabilities - provision for expected loss 3,040 644 3,684 4,543 657 5,200 Loan Commitments 2,622 252 2,874 4,115 318 4,433 Financial Guarantees 418 392 810 428 339 767 Off balance sheet 472,372 72,005 544,377 446,267 73,431 519,698 Financial Guarantees 71,524 20,255 91,779 62,548 20,362 82,910 Letters of credit to be released 47,354 - 47,354 45,773 - 45,773 Loan commitments 353,494 51,750 405,244 337,946 53,069 391,015 Mortgage loans 15,423 - 15,423 10,709 - 10,709 Overdraft accounts 157,408 - 157,408 147,878 - 147,878 Credit cards 177,658 3,754 181,412 176,384 3,840 180,224 Other pre-approved limits 3,005 47,996 51,001 2,975 49,229 52,204 Total 2,015,033 582,638 2,597,671 1,761,256 558,423 2,319,679 |
Schedule of other financial assets | I.IV.I - By business sector Loans and Financial Lease Operations Summary of Maximum Exposure of Financial Assets Segregated by Business Sector 12/31/2022 % 12/31/2021 % Industry and commerce 197,351 21.7 190,491 23.1 Services 177,180 19.5 173,332 21.1 Other sectors 37,072 4.1 37,652 4.6 Individuals 497,819 54.7 421,115 51.2 Total 909,422 100.0 822,590 100.0 Other financial assets (1) Schedule of other financial assets 12/31/2022 % 12/31/2021 % Public sector 691,964 63.8 580,619 62.2 Services 167,176 15.4 150,831 16.2 Other sectors 119,436 11.0 83,521 9.0 Financial 106,469 9.8 117,869 12.6 Total 1,085,045 100.0 932,840 100.0 1) Includes Financial Assets at Fair Value through Profit and Loss, Financial Assets at Fair Value through Other Comprehensive Income and Financial Assets at Amortized Cost, except for Loan and Lease Operations and Other Financial Assets. The exposure of Off Balance financial instruments (Financial Collaterals and Loan Commitments) is neither categorized nor managed by business sector. |
Schedule of other financial assets | Other financial assets (1) Schedule of other financial assets 12/31/2022 % 12/31/2021 % Public sector 691,964 63.8 580,619 62.2 Services 167,176 15.4 150,831 16.2 Other sectors 119,436 11.0 83,521 9.0 Financial 106,469 9.8 117,869 12.6 Total 1,085,045 100.0 932,840 100.0 1) Includes Financial Assets at Fair Value through Profit and Loss, Financial Assets at Fair Value through Other Comprehensive Income and Financial Assets at Amortized Cost, except for Loan and Lease Operations and Other Financial Assets. The exposure of Off Balance financial instruments (Financial Collaterals and Loan Commitments) is neither categorized nor managed by business sector. |
Summary of Breakdown of Indicators of Credit Quality | Summary of Breakdown of Indicators of Credit Quality I.IV.II - By type and classification of credit risk Loan and lease operations 12/31/2022 Stage 1 Stage 2 Stage 3 Total Consolidated of 3 Stages Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Individuals 305,210 233,996 511 539,717 59,639 8,538 1 68,178 35,254 226 - 35,480 400,103 242,760 512 643,375 Corporate 133,205 29,853 60,209 223,267 901 32 444 1,377 5,162 11 2,551 7,724 139,268 29,896 63,204 232,368 Micro/Small and medium companies 142,621 84,619 9,520 236,760 12,299 1,494 115 13,908 9,976 265 123 10,364 164,896 86,378 9,758 261,032 Foreign loans - Latin America 182,516 44,542 16,912 243,970 13,863 1,544 1,279 16,686 8,776 124 114 9,014 205,155 46,210 18,305 269,670 Total 763,552 393,010 87,152 1,243,714 86,702 11,608 1,839 100,149 59,168 626 2,788 62,582 909,422 405,244 91,779 1,406,445 % 61.4 31.6 7.0 100.0 86.6 11.6 1.8 100.0 94.5 1.0 4.5 100.0 64.7 28.8 6.5 100.0 12/31/2021 Stage 1 Stage 2 Stage 3 Total Consolidated of 3 Stages Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Loan Operations Loan commitments Financial Guarantees Total Individuals 270,371 220,961 944 492,276 38,168 20,723 - 58,891 23,997 686 - 24,683 332,536 242,370 944 575,850 Corporate 128,519 23,882 52,429 204,830 1,600 200 535 2,335 4,915 23 2,478 7,416 135,034 24,105 55,442 214,581 Micro/Small and medium companies 124,555 71,158 7,605 203,318 16,749 4,823 130 21,702 8,666 222 141 9,029 149,970 76,203 7,876 234,049 Foreign loans - Latin America 178,719 46,629 17,776 243,124 13,389 1,621 713 15,723 12,942 87 159 13,188 205,050 48,337 18,648 272,035 Total 702,164 362,630 78,754 1,143,548 69,906 27,367 1,378 98,651 50,520 1,018 2,778 54,316 822,590 391,015 82,910 1,296,515 % 61.4 31.7 6.9 100.0 70.9 27.7 1.4 100.0 93.0 1.9 5.1 100.0 63.4 30.2 6.4 100.0 |
Summary of Internal Rating | Summary of Internal Rating Internal rating 12/31/2022 12/31/2021 Stage 1 Stage 2 Stage 3 Total loan operations Stage 1 Stage 2 Stage 3 Total loan operations Low 705,625 62,501 - 768,126 662,839 42,028 - 704,867 Medium 57,508 14,095 - 71,603 38,980 19,239 - 58,219 High 419 10,106 - 10,525 345 8,639 - 8,984 Credit-Impaired - - 59,168 59,168 - - 50,520 50,520 Total 763,552 86,702 59,168 909,422 702,164 69,906 50,520 822,590 % 84.0 9.5 6.5 100.0 85.4 8.5 6.1 100.0 |
Maximum Exposure of Other Financial Assets by Type and Classification of Credit Risk | Maximum Exposure of Other Financial Assets by Type and Classification of Credit Risk Other financial assets 12/31/2022 Fair value Stage 1 Stage 2 Stage 3 Cost Fair value Cost Fair value Cost Fair value Investment funds 32,491 27,660 27,140 5,259 5,259 92 92 Government securities 479,834 483,476 479,834 - - - - Brazilian government 394,675 397,793 394,675 - - - - Other Public - 36 - - - - - Abroad 85,159 85,647 85,159 - - - - Argentina 3,453 3,460 3,453 - - - - United States 9,665 9,716 9,665 - - - - Israel 860 852 860 - - - - Mexico 14,010 14,021 14,010 - - - - Spain 9,922 9,924 9,922 - - - - Korea 10,363 10,365 10,363 - - - - Chile 24,681 24,811 24,681 - - - - Paraguay 3,463 3,461 3,463 - - - - Uruguay 1,182 1,185 1,182 - - - - Colombia 3,151 3,430 3,151 - - - - Peru 6 7 6 - - - - Switzerland 4,403 4,415 4,403 - - - - Corporate securities 211,103 216,005 208,241 3,559 2,512 2,297 350 Rural product note 28,896 28,670 28,618 287 262 29 16 Real estate receivables certificates 7,214 7,318 7,214 - - - - Bank deposit certificate 1,172 1,172 1,172 - - - - Debentures 110,075 110,732 108,140 2,470 1,610 2,037 325 Eurobonds and other 8,770 9,035 8,770 - - - - Financial bills 19,504 19,535 19,504 - - - - Promissory and commercial notes 11,250 11,251 11,250 - - - - Other 24,222 28,292 23,573 802 640 231 9 Total 723,428 727,141 715,215 8,818 7,771 2,389 442 12/31/2021 Fair value Stage 1 Stage 2 Stage 3 Cost Fair value Cost Fair value Cost Fair value Investment funds 20,139 4,906 4,914 15,224 15,225 - - Government securities 423,085 426,959 423,085 - - - - Brazilian government 362,449 365,947 362,449 - - - - Other Public - 36 - - - - - Abroad 60,636 60,976 60,636 - - - - Argentina 1,335 1,310 1,335 - - - - United States 7,189 7,226 7,189 - - - - Mexico 12,413 12,424 12,413 - - - - Spain 6,131 6,132 6,131 - - - - Korea 5,604 5,604 5,604 - - - - Chile 21,399 21,552 21,399 - - - - Paraguay 1,469 1,526 1,469 - - - - Uruguay 1,258 1,256 1,258 - - - - Colombia 3,830 3,938 3,830 - - - - Peru 8 8 8 - - - - Corporate securities 173,163 169,489 167,457 3,391 2,789 4,993 2,917 Rural product note 12,744 12,474 12,597 146 121 38 26 Real estate receivables certificates 4,999 5,063 4,999 - - - - Bank deposit certificate 390 392 390 - - - - Debentures 103,659 99,438 98,867 2,383 1,923 4,704 2,869 Eurobonds and other 10,206 10,236 10,194 12 12 - - Financial bills 10,168 10,185 10,168 - - - - Promissory and commercial notes 8,901 8,874 8,901 - - - - Other 22,096 22,827 21,341 850 733 251 22 Total 616,387 601,354 595,456 18,615 18,014 4,993 2,917 |
Summary of Financial Assets Individually Evaluated Classified by Rating | Summary of Financial Assets Individually Evaluated Classified by Rating Other Financial Assets - Internal Classification by Level of Risk 12/31/2022 Internal rating Financial Assets - At Amortized Cost Financial assets at fair value through profit or loss (1) Financial Assets at fair value through other comprehensive income Total Interbank deposits and securities purchased under agreements to resell Securities Low 281,371 214,894 461,153 120,977 1,078,395 Medium - 3,816 2,104 75 5,995 High - 605 50 - 655 Total 281,371 219,315 463,307 121,052 1,085,045 % 25.9 20.2 42.7 11.2 100.0 1) Includes Derivatives in the amount of R$ 78,208. 12/31/2021 Internal rating Financial Assets - At Amortized Cost Financial assets at fair value through profit or loss (1) Financial Assets at fair value through other comprehensive income Total Interbank deposits and securities purchased under agreements to resell Securities Low 245,442 142,416 430,729 105,622 924,209 Medium - 4,399 3,219 - 7,618 High 18 931 64 - 1,013 Total 245,460 147,746 434,012 105,622 932,840 % 26.4 15.8 46.5 11.3 100.0 1) Includes Derivatives in the amount of R$ 69,045. |
Summary of Collateral for Loans and Financial Lease Operations | Summary of Collateral for Loans and Financial Lease Operations 12/31/2022 12/31/2021 Over-collateralized assets Under-collateralized assets Over-collateralized assets Under-collateralized assets Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral Carrying value of the assets Fair value of collateral Individuals 141,896 336,597 3,085 2,861 113,194 282,131 1,014 907 Personal (1) 2,971 11,106 1,469 1,394 2,436 8,338 639 583 Vehicles (2) 29,613 70,901 1,610 1,463 26,941 68,275 368 318 Mortgage loans (3) 109,312 254,590 6 4 83,817 205,518 7 6 Micro, small and medium companies and corporates (4) 173,007 614,178 41,395 36,233 170,334 634,871 32,436 26,933 Foreign loans - Latin America (4) 175,517 319,085 11,817 4,441 168,968 330,020 9,782 4,152 Total 490,420 1,269,860 56,297 43,535 452,496 1,247,022 43,232 31,992 1) In general requires financial collaterals. 2) Vehicles themselves are pledged as collateral, as well as assets leased in lease operations. 3) Properties themselves are pledged as collateral. 4) Any collateral set forth in the credit policy of ITAÚ UNIBANCO HOLDING (chattel mortgage, surety/joint debtor, mortgage and other). |
Summary of VaR Total - Historical Simulation | Summary of VaR Total - Historical Simulation VaR Total (Historical Simulation) (in millions of reais) (1) 734 696 1) VaR by Risk Factor Group considers information from foreign units. |
Summary of Position of Accounts Subject to Interest Rate Risk | Summary of Position of Accounts Subject to Interest Rate Risk 12/31/2022 12/31/2021 0-30 days 31-180 days 181-365 days 1-5 years Over 5 years Total 0-30 days 31-180 days 181-365 days 1-5 years Over 5 years Total Financial assets 604,311 374,530 208,849 633,741 274,964 2,096,395 457,279 294,051 193,279 642,495 253,300 1,840,404 At amortized cost 464,682 314,721 167,134 392,172 171,952 1,510,661 395,256 258,580 152,270 345,538 148,969 1,300,613 Compulsory deposits in the Central Bank of Brazil 102,600 - - - - 102,600 92,580 - - - - 92,580 Interbank deposits 40,782 8,207 7,683 2,800 114 59,586 51,138 7,050 5,861 5,669 216 69,934 Securities purchased under agreements to resell 177,458 44,221 47 - 50 221,776 142,405 26,532 - 403 371 169,711 Securities 15,933 19,075 26,632 107,906 47,731 217,277 4,427 12,884 27,858 69,965 30,664 145,798 Loan and lease operations 127,909 243,218 132,772 281,466 124,057 909,422 104,706 212,114 118,551 269,501 117,718 822,590 At fair value through other comprehensive income 35,573 13,223 6,609 47,249 18,398 121,052 10,420 9,286 6,722 63,256 15,938 105,622 At fair value through profit and loss 104,056 46,586 35,106 194,320 84,614 464,682 51,603 26,185 34,287 233,701 88,393 434,169 Securities 81,484 39,344 26,454 169,113 68,704 385,099 36,111 13,872 28,532 212,911 73,541 364,967 Derivatives 22,572 7,215 8,362 24,834 15,225 78,208 15,492 12,292 5,632 20,777 14,852 69,045 Other Financial Assets - 27 290 373 685 1,375 - 21 123 13 - 157 Financial liabilities 651,532 177,388 142,668 585,754 112,329 1,669,671 660,751 127,205 107,515 361,399 228,857 1,485,727 At amortized cost 643,530 160,422 125,266 563,338 99,607 1,592,163 653,598 110,994 99,753 340,944 216,959 1,422,248 Deposits 360,548 75,395 62,860 360,225 12,410 871,438 402,930 52,259 38,563 220,822 135,798 850,372 Securities sold under repurchase agreements 264,284 5,698 816 16,223 6,419 293,440 239,843 2,627 725 5,659 3,994 252,848 Interbank market funds 12,918 67,034 57,476 148,390 8,769 294,587 9,976 46,610 41,520 69,043 9,996 177,145 Institutional market funds 5,379 11,800 3,552 36,642 72,009 129,382 439 9,045 18,422 43,559 67,171 138,636 Premium bonds plans 401 495 562 1,858 - 3,316 410 453 523 1,861 - 3,247 At fair value through profit and loss 8,002 16,966 17,402 22,416 12,722 77,508 7,153 16,211 7,762 20,455 11,898 63,479 Derivatives 8,002 16,950 17,164 22,278 12,467 76,861 7,153 16,174 7,625 20,404 11,848 63,204 Structured notes - 1 1 18 44 64 - - 16 48 50 114 Other Financial Liabilities - 15 237 120 211 583 - 37 121 3 - 161 Difference assets / liabilities (1) (47,221) 197,142 66,181 47,987 162,635 426,724 (203,472) 166,846 85,764 281,096 24,443 354,677 Cumulative difference (47,221) 149,921 216,102 264,089 426,724 (203,472) (36,626) 49,138 330,234 354,677 Ratio of cumulative difference to total interest-bearing assets (2.3) 7.2 10.3 12.6 20.4 (11.1) (2.0) 2.7 17.9 19.3 1) The difference arises from the mismatch between the maturities of all remunerated assets and liabilities, at the respective period-end date, considering the contractually agreed terms. |
Summary of Funding from Customers | Summary of Funding from Customers Funding from customers 12/31/2022 12/31/2021 0-30 days Total % 0-30 days Total % Deposits 360,548 871,438 402,930 850,372 Demand deposits 117,587 117,587 9.9 158,116 158,116 14.8 Savings deposits 179,764 179,764 15.2 190,601 190,601 17.9 Time deposits 57,365 564,215 47.7 52,563 497,051 46.5 Other 5,832 9,872 0.8 1,650 4,604 0.4 Funds from acceptances and issuance of securities (1) 12,436 256,495 21.8 2,310 143,138 13.4 Funds from own issue (2) - 8 - - 21 - Subordinated debt - 54,540 4.6 - 75,036 7.0 Total 372,984 1,182,481 100.0 405,240 1,068,567 100.0 1) Includes mortgage notes, guaranteed real estate credit bills, agribusiness, financial recorded in interbank markets funds and Obligations on the issue of debentures, Securities abroad and strutured operations certificates recorded in Institutional Markets Funds. 2) Refers to deposits received under securities repurchase agreements with securities from own issue. |
Summary of Liquidity Indicators | Summary of Liquidity Indicators The table below shows the indicators used by ITAÚ UNIBANCO HOLDING in the management of liquidity risk: Liquidity indicators 12/31/2022 12/31/2021 % % Net assets / customers funds within 30 days (1,2) 69.4 56.5 Net assets / total customers funds (1,3) 21.9 21.4 Net assets / total financial assets (1,4) 16.2 16.2 1) Net assets (present value): Cash, Securities purchased under agreements to resell – Funded position and Government securities - available. Detailed in the table Non discounted future flows – Financial assets. 2) Funding from customers table (Total funding from customers 0-30 days). 3) Funding from customers table (Total funding from customers). 4) Detailed in the table Non discounted future flows – Financial assets, total present value regards R$ 1,595,176 1,411,089 |
Summary of Assets and Liabilities According to Their Remaining Contractual Maturities, Considering Their Undiscounted Flows | Summary of Assets and Liabilities According to Their Remaining Contractual Maturities, Considering Their Undiscounted Flows Undiscounted future flows, except for derivatives which are fair value 12/31/2022 12/31/2021 Financial assets (1) 0 - 30 31 - 365 366 - 720 Over 720 days Total 0 - 30 31 - 365 366 - 720 Over 720 days Total Cash 35,381 - - - 35,381 44,512 - - - 44,512 Interbank investments 225,253 57,085 1,797 1,493 285,628 195,260 32,238 4,535 1,670 233,703 Securities purchased under agreements to resell – Collateral held (2) 46,146 9,912 - 116 56,174 32,435 - - - 32,435 Securities purchased under agreements to resell – Collateral repledge 138,381 30,926 - - 169,307 105,875 19,355 - - 125,230 Interbank deposits (4) 40,726 16,247 1,797 1,377 60,147 56,950 12,883 4,535 1,670 76,038 Securities 214,486 55,033 28,743 230,772 529,034 158,915 30,191 45,156 223,244 457,506 Government securities - available 188,251 - 2 - 188,253 145,989 453 483 6,737 153,662 Government securities – under repurchase commitments 6,196 27,370 12,194 37,632 83,392 1,337 13,446 27,132 35,575 77,490 Private securities - available 19,995 24,066 11,986 128,862 184,909 11,247 13,349 12,062 133,385 170,043 Private securities – under repurchase commitments 44 3,597 4,561 64,278 72,480 342 2,943 5,479 47,547 56,311 Derivative financial instruments - Net position 22,572 15,577 10,093 29,966 78,208 15,492 17,924 8,826 26,803 69,045 Swaps 4,866 5,499 8,261 28,276 46,902 1,820 3,803 7,341 25,050 38,014 Options 15,610 6,649 802 610 23,671 10,599 9,216 683 754 21,252 Forwards 460 135 - 6 601 1,595 1,513 3 - 3,111 Other derivatives 1,636 3,294 1,030 1,074 7,034 1,478 3,392 799 999 6,668 Loan and lease operations (3) 93,627 314,332 154,386 334,402 896,747 77,663 282,913 135,840 315,004 811,420 Other financial assets 3 314 91 967 1,375 - 144 5 8 157 Total financial assets 591,322 442,341 195,110 597,600 1,826,373 491,842 363,410 194,362 566,729 1,616,343 1) The assets portfolio does not take into consideration the balance of compulsory deposits in Central Bank, amounting to R$ 115,748 110,392 14,576 9,266 109,981 92,011 772 1,004 28,108 40,221 Undiscounted future flows, except for derivatives which are fair value 12/31/2022 12/31/2021 Financial liabilities 0 – 30 31 – 365 366 – 720 Over 720 days Total 0 – 30 31 – 365 366 – 720 Over 720 days Total Deposits 370,101 138,908 66,162 405,977 981,148 397,416 96,669 95,397 350,792 940,274 Demand deposits 117,587 - - - 117,587 158,116 - - - 158,116 Savings deposits 179,764 - - - 179,764 190,601 - - - 190,601 Time deposit 66,750 134,941 66,161 405,977 673,829 46,938 94,040 95,149 350,791 586,918 Interbank deposits 1,022 3,967 1 - 4,990 933 2,629 248 1 3,811 Other deposits 4,978 - - - 4,978 828 - - - 828 Compulsory deposits (49,497) (17,084) (8,119) (41,048) (115,748) (49,924) (12,461) (11,797) (36,210) (110,392) Demand deposits (13,148) - - - (13,148) (17,812) - - - (17,812) Savings deposits (27,923) - - - (27,923) (25,807) - - - (25,807) Time deposit (8,426) (17,084) (8,119) (41,048) (74,677) (6,305) (12,461) (11,797) (36,210) (66,773) Securities sold under repurchase agreements (1) 297,853 1,900 6,597 15,387 321,737 265,184 5,615 7,020 5,943 283,762 Government securities 229,077 1,899 6,597 15,375 252,948 191,281 1,261 3,885 5,687 202,114 Private securities 23,709 1 - 12 23,722 26,141 3,621 2,775 18 32,555 Foreign 45,067 - - - 45,067 47,762 733 360 238 49,093 Funds from acceptances and issuance of securities (2) 10,532 52,792 61,847 152,502 277,673 2,986 35,346 30,927 83,967 153,226 Loans and onlending obligations (3) 35,747 70,549 10,734 11,284 128,314 9,875 71,278 9,491 12,868 103,512 Subordinated debt (4) 492 22,085 7,803 43,189 73,569 55 27,857 16,282 48,969 93,163 Derivative financial instruments - Net position 8,002 34,114 9,056 25,689 76,861 7,153 23,799 8,596 23,656 63,204 Swaps 2,835 5,114 7,344 23,775 39,068 1,562 3,970 6,944 22,170 34,646 Option 3,221 25,087 901 673 29,882 4,086 16,896 786 779 22,547 Forward 55 10 - - 65 762 - - - 762 Other derivatives 1,891 3,903 811 1,241 7,846 743 2,933 866 707 5,249 Other financial liabilities - 252 34 297 583 - 158 - 3 161 Total financial liabilities 675,359 302,967 153,854 611,957 1,744,137 632,745 248,261 155,916 489,988 1,526,910 1) Includes own and third parties’ portfolios. |
Summary of Off Balance Commitments | Summary of Off Balance Commitments Off balance commitments 12/31/2022 12/31/2021 Note 0 – 30 31 – 365 366 – 720 Over 720 days Total 0 – 30 31 – 365 366 – 720 Over 720 days Total Financial Guarantees 2,987 31,548 12,731 44,513 91,779 3,742 28,530 11,046 39,592 82,910 Commitments to be released 161,822 50,552 20,386 172,484 405,244 151,235 35,605 18,541 185,634 391,015 Letters of credit to be released 47,354 - - - 47,354 45,773 - - - 45,773 Contractual commitments - Fixed and Intangible assets 13 and 14 - - - 3 3 - 3 - - 3 Total 212,163 82,100 33,117 217,000 544,380 200,750 64,138 29,587 225,226 519,701 |
Summary of Composition Of Capital Adequcy | Summary of Composition Of Capital Adequcy 12/31/2022 12/31/2021 Available capital (amounts) Common Equity Tier 1 147,781 130,716 Tier 1 166,868 149,912 Total capital (PR) 185,415 169,797 Risk-weighted assets (amounts) Total risk-weighted assets (RWA) 1,238,582 1,153,841 Risk-based capital ratios as a percentage of RWA Common Equity Tier 1 ratio (%) 11.9 11.3 Tier 1 ratio (%) 13.5 13.0 Total capital ratio (%) 15.0 14.7 Additional CET1 buffer requirements as a percentage of RWA Capital conservation buffer requirement (%) (1) 2.50 2.00 Countercyclical buffer requirement (%) - - Bank G-SIB and/or D-SIB additional requirements (%) 1.0 1.0 Total of bank CET1 specific buffer requirements (%) 3.50 3.00 1) For purposes of calculating the Conservation capital buffer, BACEN Resolution 4,783 establishes, for defined periods, percentages to be applied to the RWA value with a gradual increase until April/22, when it reaches 2.5 |
Summary of risk weighted assets | Summary of risk weighted assets RWA 12/31/2022 12/31/2021 Credit Risk - standardized approach 1,118,752 1,044,344 Credit risk (excluding counterparty credit risk) 1,016,137 922,824 Counterparty credit risk (CCR) 40,222 42,898 Of which: standardized approach for counterparty credit risk (SA-CCR) 25,361 27,616 Of which: other CCR 14,861 15,282 Credit valuation adjustment (CVA) 7,695 8,102 Equity investments in funds - look-through approach 8,002 5,001 Equity investments in funds - mandate-based approach 104 95 Equity investments in funds - fall-back approach 1,461 824 Securitisation exposures - standardized approach 4,408 2,195 Amounts below the thresholds for deduction 40,723 62,405 Market Risk 23,240 22,985 Of which: standardized approach (RWA MPAD 29,050 28,731 Of which: internal models approach (RWA MINT 23,097 14,751 Operational Risk 96,590 86,512 Total 1,238,582 1,153,841 |
Summary of effect of changes on actuarial assumptions | Summary of effect of changes on actuarial assumptions Impact in Income and Stockholders’ Equity (1) Sensitivity Test 12/31/2022 12/31/2021 Private Pension Insurance Private Pension Insurance Mortality Rates 5% increase 48 (7) 45 (2) 5% decrease (49) 7 (48) 2 Risk-free Interest Rates 0.1% increase 110 7 102 10 0.1% decrease (113) (7) (104) (10) Conversion in Income Rates 5% increase (13) - (11) - 5% decrease 15 - 11 - Claims 5% increase - (50) - (58) 5% decrease - 50 - 58 |
Summary of risk concentration | Summary of risk concentration 01/01 to 12/31/2022 01/01 to 12/31/2021 01/01 to 12/31/2020 Insurance premiums Retained premium Retention (%) Insurance premiums Retained premium Retention (%) Insurance premiums Retained premium Retention (%) Individuals Group accident insurance 976 973 99.7 884 883 99.9 849 847 99.8 Individual accident 153 149 97.5 176 175 99.4 192 187 97.4 Credit Life Insurance 1,412 1,412 100.0 1,008 1,008 100.0 624 624 100.0 Group Life 1,422 1,422 100.0 1,168 1,165 99.7 956 955 99.9 |
Summary market risk | Summary market risk Class 12/31/2022 12/31/2021 Account balance DV01 Account balance DV01 Government securities National Treasury Notes (NTN-C) 5,966 (3.19) 5,154 (3.05) National Treasury Notes (NTN-B) 6,832 (7.01) 6,094 (6.24) National Treasury Notes (NTN-F) 257 (0.14) 205 (0.11) National Treasury Bills (LTN) 277 (0.05) 166 (0.01) Corporate securities Indexed to IGPM - - 7 (0.02) Indexed to IPCA 404 (0.39) 355 (0.36) Indexed to PRE 30 - 23 - Indexed to PYG 76 (0.01) 30 (0.01) Shares 630 6 947 9 Post-fixed assets 3,776 - 6,048 - Under agreements to resell 3,500 - 1,895 - Total 21,748 20,924 |
Schedule of Liquidity Risk | III.II - Liquidity Risk Liquidity risk is identified by ITAÚ UNIBANCO HOLDING as the risk of lack of liquid resources available to cover its current obligations at a given moment. For insurance operations, the liquidity risk is managed continuously by monitoring payment flows against liabilities, compared to the inflows generated by its operations and financial assets portfolio. Financial assets are managed in order to optimize the risk-return ratio of investments, considering, on a careful basis, the characteristics of their liabilities. The risk integrated control considers the concentration limits by issuer and credit risk, sensitivities and market risk limits and control over asset liquidity risk. Thus, investments are concentrated in government and private securities with good credit quality in active and liquid markets, keeping a considerable amount invested in short-term assets, available on demand, to cover regular needs and any liquidity contingencies. Additionally, ITAÚ UNIBANCO HOLDING constantly monitors the solvency conditions of its insurance operations. Schedule of Liquidity Risk Liabilities Assets 12/31/2022 12/31/2021 Insurance operations Backing asset Liabilities amounts (1) Liability Duration (months) Asset Duration (months) Liabilities amounts (1) Liability Duration (months) Asset Duration (months) Unearned premiums Financial treasury bills (LFT) Repurchase agreements National treasury bills (LTN) National treasury notes (NTN-B) National treasury notes (NTN-C) National treasury notes (NTN-F) Bank deposit certificates (CDB) Financial bills (LF) Debentures 3,615 52.0 15.0 2,846 55.6 20.3 IBNR, PDR and PSL 880 44.0 22.3 869 48.6 27.0 Redemptions and Other Unsettled Amounts 23 13.1 15.2 19 17.9 20.3 Mathematical reserve for benefits to be granted and benefits granted 30 71.6 19.6 19 122.6 27.4 Financial surplus - - - 1 149.5 20.3 Other provisions 135 4.8 81.5 129 7.0 90.0 Subtotal 4,683 3,883 Pension plan, VGBL and individual life operations Related expenses 49 96.5 69.4 65 103.8 76.3 Unearned premiums 12 19.6 11.3 12 16.0 18.5 Unsettled claims 74 19.6 11.3 79 16.0 18.5 IBNR 26 19.6 11.3 27 16.0 18.5 Redemptions and Other Unsettled Amounts 394 19.6 11.3 358 16.0 18.5 Mathematical reserve for benefits granted 4,015 96.5 69.5 3,786 103.8 76.4 Mathematical reserve for benefits to be granted – PGBL/ VGBL 216,735 155.3 50.7 197,897 134.0 55.2 Mathematical reserve for benefits to be granted – traditional 8,036 214.3 82.0 7,513 195.9 79.8 Other provisions 397 214.2 82.0 665 195.9 79.8 Financial surplus 729 214.3 82.0 691 195.9 79.8 Subtotal 230,467 211,093 Total technical reserves Total backing assets 235,150 214,976 1) Gross amounts of Credit Rights, Deposits in Guarantee and Reinsurance. |
Summary of Financial Assets Individually Evaluated Classified by Rating | Summary of Financial Assets Individually Evaluated Classified by Rating III.III.III - Risk level of financial assets The table below shows insurance financial assets, individually evaluated, classified by rating: 12/31/2022 Financial Assets at Amortized Cost Financial assets at fair value through profit or loss (1) Financial assets at fair value through other comprehensive income Total Internal rating Interbank deposits and securities purchased under agreements to resell Securities Low 6,560 15,171 205,665 547 227,943 Medium - 117 25 - 142 High - - 11 - 11 Total 6,560 15,288 205,701 547 228,096 % 2.9 6.7 90.2 0.2 100.0 1) Includes Derivatives in the amount of R$ 1,146 12/31/2021 Financial Assets at Amortized Cost Financial assets at fair value through profit or loss (1) Financial assets at fair value through other comprehensive income Total Internal rating Interbank deposits and securities purchased under agreements to resell Securities Low 4,062 11,401 188,480 587 204,530 Medium - - 1 - 1 High - - 10 - 10 Total 4,062 11,401 188,491 587 204,541 % 2.0 5.6 92.1 0.3 100.0 1) Includes Derivatives in the amount of R$ 2,946 |
Operations (Details Narrative)
Operations (Details Narrative) | 12 Months Ended |
Dec. 31, 2022 | |
IfrsStatementLineItems [Line Items] | |
Percentage of common shares ownership | 51.71% |
Itausa Investimentos SA [Member] | |
IfrsStatementLineItems [Line Items] | |
Percentage of common shares ownership | 39.21% |
Significant accounting polici_4
Significant accounting policies (Details 1) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Country of domicile [member] | Banco Itau B B A [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Banco Itau Consignado S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Banco Itaucard S.A [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Banco Itauleasing S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | |
Interest in total capital | 100,000,000% | |
Country of domicile [member] | Cia. Itau de Capitalizacao [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Premium Bonds | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Dibens Leasing S.A. - Arrendamento Mercantil [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Leasing | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Financeira Itau CBD S.A. Credito, Financiamento e Investimento [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Consumer finance credit | |
Country of domicile [member] | Financeira Itau C B D S A Credito Financiamentoe Inves [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Interest in voting capital | 50% | 50% |
Interest in total capital | 50% | 50% |
Country of domicile [member] | Hipercard Banco Multiplo S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Itau Corretora de Valores S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Securities Broker | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Itau Seguros S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Insurance | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Itau Unibanco SA [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Itau Vida e Previdencia S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Pension plan | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Country of domicile [member] | Luizacred S.A. Sociedade de Credito, Financiamento e Investimento [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Consumer finance credit | |
Interest in voting capital | 50% | 50% |
Interest in total capital | 50% | 50% |
Country of domicile [member] | Redecard Instituio de Pagamento S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Brazil | |
Activity | Acquirer | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Foreign countries [member] | Itau Corpbanca Colombia S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Colombia | |
Activity | Financial institution | |
Interest in voting capital | 65.27% | 49.30% |
Interest in total capital | 65.27% | 49.30% |
Functional currency | Colombian peso | |
Foreign countries [member] | Banco Itau (Suisse) SA [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Switzerland | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | Swiss franc | |
Foreign countries [member] | Banco Itau Argentina S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Argentina | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | Argentine peso | |
Foreign countries [member] | Banco Itau Paraguay S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Paraguay | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | Guarani | |
Foreign countries [member] | Banco Itau Uruguay S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Uruguay | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | Uruguayan peso | |
Foreign countries [member] | Itau Bank, Ltd. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Cayman Islands | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | Real | |
Foreign countries [member] | Itau BBA International plc [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | United Kingdom | |
Activity | Financial institution | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | US Dollar | |
Foreign countries [member] | Itau BBA USA Securities Inc. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | United States | |
Activity | Securities Broker | |
Interest in voting capital | 100,000,000% | 100,000,000% |
Interest in total capital | 100,000,000% | 100,000,000% |
Functional currency | US Dollar | |
Foreign countries [member] | Itau Corpbanca [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Incorporation country | Chile | |
Activity | Financial institution | |
Interest in voting capital | 65.62% | 56.60% |
Interest in total capital | 65.62% | 56.60% |
Functional currency | Chilean peso |
Significant accounting polici_5
Significant accounting policies (Details Narrative) | 12 Months Ended |
Dec. 31, 2022 Integer | |
IfrsStatementLineItems [Line Items] | |
Percentage of variation in total assets due to transition to IFRS 16 | 10% |
Number of reportable segments | 3 |
Bottom of range [member] | |
IfrsStatementLineItems [Line Items] | |
Consolidated companies percentage as total consolidated assets, as well as interests in their voting capital | 95% |
Business development (Details N
Business development (Details Narrative) - BRL (R$) R$ in Millions | 1 Months Ended | 12 Months Ended | ||||||||
Jun. 09, 2022 | Jun. 07, 2022 | Apr. 29, 2022 | Mar. 22, 2022 | Dec. 31, 2022 | Jul. 14, 2022 | Feb. 22, 2022 | Dec. 31, 2021 | Jul. 13, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | ||||||||||
Fair Value through Other Comprehensive Income | R$ 4885 | R$ 743 | ||||||||
Increse in capital | 90,729 | 90,729 | R$ 97148 | |||||||
Stockholder equity value | R$ 167953 | R$ 152864 | ||||||||
Percentage ownership | 51.71% | |||||||||
X P Incs [Member] | ||||||||||
IfrsStatementLineItems [Line Items] | ||||||||||
Minority interest equivalent | 11.36% | |||||||||
Fair Value through Other Comprehensive Income | R$ 8015 | |||||||||
Percentage of capital interest disposed off | 1.40% | 1.40% | ||||||||
Capital amount | R$ 867 | R$ 867 | ||||||||
Capital fair value | R$ 901 | R$ 901 | ||||||||
Itau Unibanco Holding [Member] | ||||||||||
IfrsStatementLineItems [Line Items] | ||||||||||
Equity interest | 0.64% | |||||||||
Number of shares acquired in subsidiary | 6,266,019,265 | |||||||||
Itau Corpbanca [Member] | ||||||||||
IfrsStatementLineItems [Line Items] | ||||||||||
Equity interest | 55.96% | 65.62% | ||||||||
Interest amount | R$ 64 | |||||||||
Ita Holding Colombia S.A.S [Member] | Second Phase Acquisition [Member] | ||||||||||
IfrsStatementLineItems [Line Items] | ||||||||||
Equity interest | 12.36% | |||||||||
Number of shares acquired in subsidiary | 93,306,684 | |||||||||
Acquisition date fair value of total consideration transferred | R$ 2219 | |||||||||
Itau Corpbanca [Member] | ||||||||||
IfrsStatementLineItems [Line Items] | ||||||||||
Increse in capital | R$ 830000 | |||||||||
Issuance of shares | 461,111,111,111 | |||||||||
Shares subscribed | 350,048,242,004 | |||||||||
Stockholder equity value | R$ 630000 | |||||||||
Percentage ownership | 56.60% |
Interbank deposits and securi_3
Interbank deposits and securities purchased under agreements to resell (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Securities purchased under agreements to resell | R$ 56292 | R$ 46820 | R$ 55711 |
Interbank deposits | 12,584 | 12,555 | R$ 3888 |
Amounts pledged in guarantee of operations | 14,576 | 9,266 | |
Losses | (9) | (15) | |
B3 S.A. - Brasil, Bolsa, Balco [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amounts pledged in guarantee of operations | 14,576 | 9,266 | |
Central Bank [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amounts pledged in guarantee of operations | 151,856 | ||
Amounts pledged in guarantee of repurchase agreement transactions | 114,750 | ||
Interbank deposits and securities purchased under agreements to resell [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities purchased under agreements to resell | 221,776 | 169,711 | |
Collateral held | 69,920 | 54,961 | |
Collateral repledge | 128,542 | 103,968 | |
Assets received as collateral with right to sell or repledge | 14,846 | 22,139 | |
Assets received as collateral without right to sell or repledge | 113,696 | 81,829 | |
Collateral sold | 23,314 | 10,782 | |
Interbank deposits | 59,586 | 69,934 | |
Total | 281,362 | 239,645 | |
Interbank deposits and securities purchased under agreements to resell [member] | Current [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities purchased under agreements to resell | 221,726 | 168,937 | |
Collateral held | 69,870 | 54,187 | |
Collateral repledge | 128,542 | 103,968 | |
Assets received as collateral with right to sell or repledge | 14,846 | 22,139 | |
Assets received as collateral without right to sell or repledge | 113,696 | 81,829 | |
Collateral sold | 23,314 | 10,782 | |
Interbank deposits | 56,672 | 64,049 | |
Total | 278,398 | 232,986 | |
Interbank deposits and securities purchased under agreements to resell [member] | Non current [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities purchased under agreements to resell | 50 | 774 | |
Collateral held | 50 | 774 | |
Interbank deposits | 2,914 | 5,885 | |
Total | R$ 2964 | R$ 6659 |
Financial assets at fair valu_5
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities (Details) - BRL (R$) R$ in Millions | 12 Months Ended | 24 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | |
IfrsStatementLineItems [Line Items] | |||
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | R$ 36357 | R$ 23928 | R$ 36357 |
Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | 23,639 | 12,570 | 23,639 |
Corporate Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | 12,718 | 11,358 | 12,718 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 389,514 | 365,586 | 389,514 |
Accumulated gain / (loss) reflected in income | (5,975) | (3,663) | |
Fair value | 383,539 | 361,923 | 383,539 |
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | 60,262 | 66,271 | 60,262 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Brazilian government securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 230,924 | 223,529 | 230,924 |
Accumulated gain / (loss) reflected in income | (572) | (1,774) | |
Fair value | 230,352 | 221,755 | 230,352 |
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | 45,746 | 50,116 | 45,746 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 8,007 | 5,581 | 8,007 |
Accumulated gain / (loss) reflected in income | 10 | (20) | |
Fair value | 8,017 | 5,561 | 8,017 |
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | 317 | 171 | 317 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Argentina [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 669 | 901 | 669 |
Accumulated gain / (loss) reflected in income | 4 | 29 | |
Fair value | 673 | 930 | 673 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Chile [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 1,648 | 839 | 1,648 |
Accumulated gain / (loss) reflected in income | (1) | (2) | |
Fair value | 1,647 | 837 | 1,647 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Colombia [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 844 | 1,071 | 844 |
Accumulated gain / (loss) reflected in income | 6 | (12) | |
Fair value | 850 | 1,059 | 850 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | United States [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 612 | 2,706 | 612 |
Accumulated gain / (loss) reflected in income | (2) | (35) | |
Fair value | 610 | 2,671 | 610 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Israel [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 852 | 852 | |
Accumulated gain / (loss) reflected in income | 8 | ||
Fair value | 860 | 860 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Mexico [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 15 | 19 | 15 |
Accumulated gain / (loss) reflected in income | (2) | ||
Fair value | 13 | 19 | 13 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Paraguay [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 40 | 10 | 40 |
Fair value | 40 | 10 | 40 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Peru [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 7 | 8 | 7 |
Accumulated gain / (loss) reflected in income | (1) | ||
Fair value | 6 | 8 | 6 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Switzerland [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 3,059 | 3,059 | |
Accumulated gain / (loss) reflected in income | (1) | ||
Fair value | 3,058 | 3,058 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Uruguay [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 261 | 27 | 261 |
Accumulated gain / (loss) reflected in income | (1) | ||
Fair value | 260 | 27 | 260 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Government Securities [member] | Other Countries [member] | |||
IfrsStatementLineItems [Line Items] | |||
Fair value | 1,261 | ||
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 117,572 | 116,346 | 117,572 |
Accumulated gain / (loss) reflected in income | (4,893) | (1,878) | |
Fair value | 112,679 | 114,468 | 112,679 |
Securities pledged as Guarantee of Funding of Financial Institutions and Clients | 14,199 | 15,984 | 14,199 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Negotiable shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 16,931 | 20,293 | 16,931 |
Accumulated gain / (loss) reflected in income | (1,394) | (936) | |
Fair value | 15,537 | 19,357 | 15,537 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Rural Product Note [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 2,484 | 6,752 | 2,484 |
Accumulated gain / (loss) reflected in income | 33 | 100 | |
Fair value | 2,517 | 6,852 | 2,517 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Bank Deposit Certificates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 360 | 150 | 360 |
Fair value | 360 | 150 | 360 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Real Estate Receivables Certificates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 1,580 | 1,075 | 1,580 |
Accumulated gain / (loss) reflected in income | (100) | (63) | |
Fair value | 1,480 | 1,012 | 1,480 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Debentures [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 66,223 | 66,730 | 66,223 |
Accumulated gain / (loss) reflected in income | (3,281) | (942) | |
Fair value | 62,942 | 65,788 | 62,942 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Eurobonds and others [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 4,499 | 5,293 | 4,499 |
Accumulated gain / (loss) reflected in income | (126) | (40) | |
Fair value | 4,373 | 5,253 | 4,373 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Financial bills [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 19,409 | 10,128 | 19,409 |
Accumulated gain / (loss) reflected in income | (31) | (17) | |
Fair value | 19,378 | 10,111 | 19,378 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Promissory Notes [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 3,888 | 4,655 | 3,888 |
Accumulated gain / (loss) reflected in income | 12 | 29 | |
Fair value | 3,900 | 4,684 | 3,900 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Corporate Securities [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 2,198 | 2,198 | |
Accumulated gain / (loss) reflected in income | (6) | (9) | |
Fair value | 2,192 | 2,192 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Investment funds [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cost | 33,011 | 20,130 | 33,011 |
Accumulated gain / (loss) reflected in income | (520) | 9 | |
Fair value | R$ 32491 | R$ 20139 | R$ 32491 |
Financial assets at fair valu_6
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities (Details 1) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets at carrying value [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, current | R$ 147563 | R$ 78151 |
Cost and fair value of financial assets held for trading by maturity, non-current | 241,951 | 287,435 |
Total | 389,514 | 365,586 |
Financial assets at carrying value [Member] | Non-stated maturity [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, current | 39,137 | 33,781 |
Financial assets at carrying value [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, current | 108,426 | 44,370 |
Financial assets at carrying value [Member] | Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, non-current | 170,372 | 212,424 |
Financial assets at carrying value [Member] | Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, non-current | 49,186 | 51,434 |
Financial assets at carrying value [Member] | Later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, non-current | 22,393 | 23,577 |
Financial assets at fair value, class [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, current | 145,722 | 77,057 |
Cost and fair value of financial assets held for trading by maturity, non-current | 237,817 | 284,866 |
Total | 383,539 | 361,923 |
Financial assets at fair value, class [member] | Non-stated maturity [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, current | 37,223 | 32,853 |
Financial assets at fair value, class [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, current | 108,499 | 44,204 |
Financial assets at fair value, class [member] | Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, non-current | 169,113 | 211,325 |
Financial assets at fair value, class [member] | Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, non-current | 47,916 | 50,688 |
Financial assets at fair value, class [member] | Later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost and fair value of financial assets held for trading by maturity, non-current | R$ 20788 | R$ 22853 |
Financial assets at fair valu_7
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | R$ 464682 | R$ 434169 |
Financial assets at carrying value [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 1,505 | 3,075 |
Current | 1,505 | 1,474 |
Non-current | 1,601 | |
Financial assets at carrying value [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 1,505 | 1,474 |
Financial assets at carrying value [Member] | Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Non-current | 1,601 | |
Financial assets at fair value, class [member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 1,560 | 3,044 |
Current | 1,560 | 1,458 |
Non-current | 1,586 | |
Financial assets at fair value, class [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 1,560 | 1,458 |
Financial assets at fair value, class [member] | Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Non-current | 1,586 | |
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 1,505 | 3,075 |
Accumulated gain / (loss) reflected in income | 55 | (31) |
At Fair Value Through Profit or Loss | 1,560 | 3,044 |
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] | Brazilian government securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 1,505 | |
Accumulated gain / (loss) reflected in income | 55 | |
At Fair Value Through Profit or Loss | R$ 1560 | |
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] | Brazilian external debt bonds [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 3,075 | |
Accumulated gain / (loss) reflected in income | (31) | |
At Fair Value Through Profit or Loss | R$ 3044 |
Financial assets at fair valu_8
Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities (Details Narrative) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Fair value of financial assets held for trading | R$ 464682 | R$ 434169 |
Itau Vida e Previdencia S.A. [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value of financial assets held for trading | R$ 216467 | R$ 197648 |
Derivatives (Details)
Derivatives (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 100% | 100% |
Financial liabilities at fair value | R$ 76861 | R$ 63204 |
Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 0.80% | 0.20% |
Financial liabilities at fair value | R$ 616 | R$ 155 |
Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 50.80% | 54.90% |
Financial liabilities at fair value | R$ 39068 | R$ 34646 |
Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 38.90% | 35.70% |
Financial liabilities at fair value | R$ 29882 | R$ 22547 |
Forward contract [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 0.10% | 1.20% |
Financial liabilities at fair value | R$ 65 | R$ 762 |
Credit derivatives [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 0.80% | 0.30% |
Financial liabilities at fair value | R$ 604 | R$ 198 |
Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 8.60% | 7.70% |
Financial liabilities at fair value | R$ 6626 | R$ 4896 |
Not later than one month [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 10.40% | 11.30% |
Financial liabilities at fair value | R$ 8002 | R$ 7153 |
Not later than one month [member] | Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (219) | (4) |
Not later than one month [member] | Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (2,835) | (1,562) |
Not later than one month [member] | Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (3,221) | (4,086) |
Not later than one month [member] | Forward contract [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (55) | (762) |
Not later than one month [member] | Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | R$ 1672 | R$ 739 |
Later than one month and not later than three months [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 7.30% | 11.20% |
Financial liabilities at fair value | R$ 5618 | R$ 7066 |
Later than one month and not later than three months [member] | Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (37) | (2) |
Later than one month and not later than three months [member] | Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (881) | (638) |
Later than one month and not later than three months [member] | Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (2,973) | (5,170) |
Later than one month and not later than three months [member] | Forward contract [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (5) | |
Later than one month and not later than three months [member] | Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | R$ 1722 | R$ 1256 |
Later than three months and not later than six months [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 14.70% | 14.40% |
Financial liabilities at fair value | R$ 11332 | R$ 9108 |
Later than three months and not later than six months [member] | Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (12) | (6) |
Later than three months and not later than six months [member] | Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (1,241) | (1,057) |
Later than three months and not later than six months [member] | Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (9,214) | (7,479) |
Later than three months and not later than six months [member] | Forward contract [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | ||
Later than three months and not later than six months [member] | Credit derivatives [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (2) | (1) |
Later than three months and not later than six months [member] | Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | R$ 863 | R$ 565 |
Later than six months and not later than one year [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 22.30% | 12.10% |
Financial liabilities at fair value | R$ 17164 | R$ 7625 |
Later than six months and not later than one year [member] | Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (53) | (5) |
Later than six months and not later than one year [member] | Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (2,992) | (2,275) |
Later than six months and not later than one year [member] | Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (12,900) | (4,247) |
Later than six months and not later than one year [member] | Forward contract [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (5) | |
Later than six months and not later than one year [member] | Credit derivatives [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (1) | (1) |
Later than six months and not later than one year [member] | Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | R$ 1213 | R$ 1097 |
Later than one year and not later than two years [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 11.80% | 13.60% |
Financial liabilities at fair value | R$ 9056 | R$ 8596 |
Later than one year and not later than two years [member] | Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (97) | (36) |
Later than one year and not later than two years [member] | Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (7,344) | (6,944) |
Later than one year and not later than two years [member] | Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (901) | (786) |
Later than one year and not later than two years [member] | Credit derivatives [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (7) | (8) |
Later than one year and not later than two years [member] | Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | R$ 707 | R$ 822 |
Later than Two Years [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
% per maturity term | 33.50% | 37.40% |
Financial liabilities at fair value | R$ 25689 | R$ 23656 |
Later than Two Years [member] | Derivative liabilities [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (198) | (102) |
Later than Two Years [member] | Swaps [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (23,775) | (22,170) |
Later than Two Years [member] | Option Agreements [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (673) | (779) |
Later than Two Years [member] | Credit derivatives [member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (594) | (188) |
Later than Two Years [member] | Non Deliverable Forward [Member] | Derivative liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value | (449) | (417) |
Derivative Assets [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 78208 | R$ 69045 |
% per maturity term | 100% | 100% |
Derivative Assets [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 402 | R$ 483 |
% per maturity term | 0.50% | 0.70% |
Derivative Assets [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 22572 | R$ 15492 |
% per maturity term | 28.90% | 22.40% |
Derivative Assets [member] | Not later than one month [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 1 | R$ 285 |
Derivative Assets [member] | Later than one month and not later than three months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 3142 | R$ 6261 |
% per maturity term | 4% | 9.10% |
Derivative Assets [member] | Later than one month and not later than three months [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 28 | R$ 2 |
Derivative Assets [member] | Later than three months and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 4073 | R$ 6031 |
% per maturity term | 5.20% | 8.70% |
Derivative Assets [member] | Later than three months and not later than six months [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 1 | |
Derivative Assets [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 8362 | R$ 5632 |
% per maturity term | 10.70% | 8.20% |
Derivative Assets [member] | Later than six months and not later than one year [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 5 | R$ 6 |
Derivative Assets [member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 10093 | R$ 8826 |
% per maturity term | 12.90% | 12.80% |
Derivative Assets [member] | Later than one year and not later than two years [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 26 | R$ 25 |
Derivative Assets [member] | Later than Two Years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 29966 | R$ 26803 |
% per maturity term | 38.30% | 38.80% |
Derivative Assets [member] | Later than Two Years [member] | Swaps Other Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 341 | R$ 165 |
Derivative Assets [member] | Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 46902 | R$ 38014 |
% per maturity term | 59.90% | 55% |
Derivative Assets [member] | Swap contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 4866 | R$ 1820 |
Derivative Assets [member] | Swap contract [member] | Later than one month and not later than three months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,022 | 370 |
Derivative Assets [member] | Swap contract [member] | Later than three months and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,635 | 837 |
Derivative Assets [member] | Swap contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 2,842 | 2,596 |
Derivative Assets [member] | Swap contract [member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 8,261 | 7,341 |
Derivative Assets [member] | Swap contract [member] | Later than Two Years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 28,276 | 25,050 |
Derivative Assets [member] | Option Agreements [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 23671 | R$ 21252 |
% per maturity term | 30.30% | 30.80% |
Derivative Assets [member] | Option Agreements [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 15610 | R$ 10599 |
Derivative Assets [member] | Option Agreements [Member] | Later than one month and not later than three months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 923 | 3,515 |
Derivative Assets [member] | Option Agreements [Member] | Later than three months and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,443 | 3,788 |
Derivative Assets [member] | Option Agreements [Member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 4,283 | 1,913 |
Derivative Assets [member] | Option Agreements [Member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 802 | 683 |
Derivative Assets [member] | Option Agreements [Member] | Later than Two Years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 610 | 754 |
Derivative Assets [member] | Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 601 | R$ 3111 |
% per maturity term | 0.80% | 4.50% |
Derivative Assets [member] | Forward contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 460 | R$ 1595 |
Derivative Assets [member] | Forward contract [member] | Later than one month and not later than three months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 74 | 1,167 |
Derivative Assets [member] | Forward contract [member] | Later than three months and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 58 | 290 |
Derivative Assets [member] | Forward contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 3 | 56 |
Derivative Assets [member] | Forward contract [member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 3 | |
Derivative Assets [member] | Forward contract [member] | Later than Two Years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 6 | |
Derivative Assets [member] | Credit derivatives [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 492 | R$ 242 |
% per maturity term | 0.60% | 0.40% |
Derivative Assets [member] | Credit derivatives [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 3 | |
Derivative Assets [member] | Credit derivatives [member] | Later than three months and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 10 | R$ 7 |
Derivative Assets [member] | Credit derivatives [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 9 | 8 |
Derivative Assets [member] | Credit derivatives [member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 9 | 22 |
Derivative Assets [member] | Credit derivatives [member] | Later than Two Years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 461 | 205 |
Derivative Assets [member] | Non Deliverable Forward [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 6140 | R$ 5943 |
% per maturity term | 7.90% | 8.60% |
Derivative Assets [member] | Non Deliverable Forward [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 1632 | R$ 1193 |
Derivative Assets [member] | Non Deliverable Forward [Member] | Later than one month and not later than three months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,095 | 1,207 |
Derivative Assets [member] | Non Deliverable Forward [Member] | Later than three months and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 926 | 1,109 |
Derivative Assets [member] | Non Deliverable Forward [Member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,220 | 1,053 |
Derivative Assets [member] | Non Deliverable Forward [Member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 995 | 752 |
Derivative Assets [member] | Non Deliverable Forward [Member] | Later than Two Years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | R$ 272 | R$ 629 |
Derivatives (Details 1)
Derivatives (Details 1) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | R$ 6064000000 | |
Balance sheet account receivable / (received) (payable) paid | R$ 3456000000 | 387,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 4,803,000,000 | 5,454,000,000 |
Fair value | 1,347,000,000 | 5,841,000,000 |
Assets 1 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | 52,915,000,000 | 42,097,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 25,293,000,000 | 26,948,000,000 |
Fair value | 78,208,000,000 | 69,045,000,000 |
Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 909,000,000 | 932,000,000 |
Balance sheet account receivable / (received) (payable) paid | (211,000,000) | (139,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (405,000,000) | (16,000,000) |
Fair value | (616,000,000) | (155,000,000) |
Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (56,371,000,000) | (41,710,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (20,490,000,000) | (21,494,000,000) |
Fair value | (76,861,000,000) | (63,204,000,000) |
Purchase Commitments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 418,886,000,000 | |
Purchase commitments shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,395,000,000 | |
Purchase Commitments Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 503,000,000 | |
Purchase commitments interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 385,229,000,000 | |
Purchase Commitments Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 29,759,000,000 | |
Commitments To Sell [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 601,719,000,000 | 386,886,000,000 |
Commitments to sell shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 11,702,000,000 | 14,181,000,000 |
Commitments To Sell Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,896,000,000 | 3,308,000,000 |
Commitments to sell interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 557,806,000,000 | 342,575,000,000 |
Commitments To Sell Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 28,315,000,000 | 26,822,000,000 |
Sales Receivable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,901,000,000 | 20,765,000,000 |
Balance sheet account receivable / (received) (payable) paid | 153,000,000 | 1,938,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 14,000,000 | |
Fair value | 153,000,000 | 1,952,000,000 |
Sales Deliverable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (26,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (9,000,000) | |
Fair value | (35,000,000) | |
Non Deliverable Forward Liability Position Commodities [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 72,000,000 | |
Balance sheet account receivable / (received) (payable) paid | ||
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | |
Fair value | 1,000,000 | |
Credit Derivatives Asset Position Foreign Currency [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,093,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 255,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 85,000,000 | |
Fair value | 340,000,000 | |
Other Derivative Financial Instruments Shares [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,096,000,000 | |
Balance sheet account receivable / (received) (payable) paid | ||
Adjustment to fair value (in results / stockholders' equity) | 61,000,000 | |
Fair value | 61,000,000 | |
Futures contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,020,605,000,000 | 857,781,000,000 |
Futures contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 152,157,000,000 | 164,160,000,000 |
Futures contract [member] | Purchase Commitments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 470,895,000,000 | |
Futures contract [member] | Purchase commitments shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 14,627,000,000 | |
Futures contract [member] | Purchase Commitments Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 703,000,000 | |
Futures contract [member] | Purchase commitments interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 429,862,000,000 | |
Futures contract [member] | Purchase Commitments Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 25,703,000,000 | |
Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Balance sheet account receivable / (received) (payable) paid | 2,948,000,000 | (1,861,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 4,886,000,000 | 5,229,000,000 |
Fair value | 7,834,000,000 | 3,368,000,000 |
Swap contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 975,785,000,000 | 930,714,000,000 |
Swap contract [member] | Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (19,448,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (19,620,000,000) | |
Fair value | (39,068,000,000) | |
Swap contract [member] | Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Balance sheet account receivable / (received) (payable) paid | 22,396,000,000 | 13,410,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 24,506,000,000 | 24,604,000,000 |
Fair value | 46,902,000,000 | 38,014,000,000 |
Swap contract [member] | Asset Position Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 222,000,000 | 2,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | |
Fair value | 2,000,000 | |
Swap contract [member] | Asset position interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,509,045,000,000 | 1,318,082,000,000 |
Balance sheet account receivable / (received) (payable) paid | 20,913,000,000 | 10,339,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 23,502,000,000 | 23,835,000,000 |
Fair value | 44,415,000,000 | 34,174,000,000 |
Swap contract [member] | Asset Position Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 61,758,000,000 | 20,373,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,482,000,000 | 3,071,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 1,003,000,000 | 769,000,000 |
Fair value | 2,485,000,000 | 3,840,000,000 |
Swap contract [member] | Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Balance sheet account receivable / (received) (payable) paid | (15,271,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (19,375,000,000) | |
Fair value | (34,646,000,000) | |
Swap contract [member] | Liability position shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,604,000,000 | 497,000,000 |
Balance sheet account receivable / (received) (payable) paid | (180,000,000) | (37,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 59,000,000 | (3,000,000) |
Fair value | (121,000,000) | (40,000,000) |
Swap contract [member] | Liability Position Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 609,000,000 | 130,000,000 |
Balance sheet account receivable / (received) (payable) paid | (5,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | (1,000,000) |
Fair value | (4,000,000) | (1,000,000) |
Swap contract [member] | Liability position interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,491,476,000,000 | 1,309,778,000,000 |
Balance sheet account receivable / (received) (payable) paid | (18,130,000,000) | (13,331,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (18,487,000,000) | (19,377,000,000) |
Fair value | (36,617,000,000) | (32,708,000,000) |
Swap contract [member] | Liability Position Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 77,336,000,000 | 28,052,000,000 |
Balance sheet account receivable / (received) (payable) paid | (1,133,000,000) | (1,903,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (1,193,000,000) | 6,000,000 |
Fair value | (2,326,000,000) | (1,897,000,000) |
Option contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,352,201,000,000 | 1,621,736,000,000 |
Balance sheet account receivable / (received) (payable) paid | (5,960,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (251,000,000) | |
Fair value | (6,211,000,000) | |
Option contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 58,633,000,000 | 77,281,000,000 |
Option contract [member] | Purchase Commitments [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 267,199,000,000 | 145,412,000,000 |
Balance sheet account receivable / (received) (payable) paid | 3,071,000,000 | 17,981,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (665,000,000) | 1,496,000,000 |
Fair value | 2,406,000,000 | 19,477,000,000 |
Option contract [member] | Purchase Commitments [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 223,496,000,000 | 79,734,000,000 |
Balance sheet account receivable / (received) (payable) paid | (7,997,000,000) | (17,595,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 444,000,000 | (2,781,000,000) |
Fair value | (7,553,000,000) | (20,376,000,000) |
Option contract [member] | Purchase commitments shares [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 131,529,000,000 | 11,929,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,786,000,000 | 521,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (131,000,000) | 1,140,000,000 |
Fair value | 1,655,000,000 | 1,661,000,000 |
Option contract [member] | Purchase commitments shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 131,361,000,000 | 14,045,000,000 |
Balance sheet account receivable / (received) (payable) paid | (4,448,000,000) | (348,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 155,000,000 | (1,185,000,000) |
Fair value | (4,293,000,000) | (1,533,000,000) |
Option contract [member] | Purchase Commitments Commodities [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,347,000,000 | 471,000,000 |
Balance sheet account receivable / (received) (payable) paid | 43,000,000 | 20,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (7,000,000) | 20,000,000 |
Fair value | 36,000,000 | 40,000,000 |
Option contract [member] | Purchase Commitments Commodities [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,000,000,000 | 274,000,000 |
Balance sheet account receivable / (received) (payable) paid | (15,000,000) | (8,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 5,000,000 | (1,000,000) |
Fair value | (10,000,000) | (9,000,000) |
Option contract [member] | Purchase commitments interest [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 93,795,000,000 | 63,697,000,000 |
Balance sheet account receivable / (received) (payable) paid | 156,000,000 | 127,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 4,000,000 | 98,000,000 |
Fair value | 160,000,000 | 225,000,000 |
Option contract [member] | Purchase commitments interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 64,256,000,000 | 3,284,000,000 |
Balance sheet account receivable / (received) (payable) paid | (181,000,000) | (68,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (5,000,000) | (48,000,000) |
Fair value | (186,000,000) | (116,000,000) |
Option contract [member] | Purchase Commitments Foreign Currency [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 39,528,000,000 | 69,315,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,086,000,000 | 17,313,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (531,000,000) | 238,000,000 |
Fair value | 555,000,000 | 17,551,000,000 |
Option contract [member] | Purchase Commitments Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 25,879,000,000 | 62,131,000,000 |
Balance sheet account receivable / (received) (payable) paid | (3,353,000,000) | (17,171,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 289,000,000 | (1,547,000,000) |
Fair value | (3,064,000,000) | (18,718,000,000) |
Option contract [member] | Commitments To Sell [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 419,044,000,000 | 668,380,000,000 |
Balance sheet account receivable / (received) (payable) paid | 20,238,000,000 | 2,433,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 1,027,000,000 | (658,000,000) |
Fair value | 21,265,000,000 | 1,775,000,000 |
Option contract [member] | Commitments To Sell [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 442,462,000,000 | 728,210,000,000 |
Balance sheet account receivable / (received) (payable) paid | (21,272,000,000) | (2,665,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (1,057,000,000) | 494,000,000 |
Fair value | (22,329,000,000) | (2,171,000,000) |
Option contract [member] | Commitments to sell shares [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 138,899,000,000 | 18,928,000,000 |
Balance sheet account receivable / (received) (payable) paid | 19,592,000,000 | 878,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 1,094,000,000 | 339,000,000 |
Fair value | 20,686,000,000 | 1,217,000,000 |
Option contract [member] | Commitments to sell shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 16,545,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (32,000,000) | (648,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 10,000,000 | (368,000,000) |
Fair value | (22,000,000) | (1,016,000,000) |
Option contract [member] | Commitments To Sell Commodities [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 904,000,000 | 306,000,000 |
Balance sheet account receivable / (received) (payable) paid | 18,000,000 | 9,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (6,000,000) | (3,000,000) |
Fair value | 12,000,000 | 6,000,000 |
Option contract [member] | Commitments To Sell Commodities [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 963,000,000 | 266,000,000 |
Balance sheet account receivable / (received) (payable) paid | (19,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 11,000,000 | |
Fair value | (8,000,000) | |
Option contract [member] | Commitments to sell interest [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 256,483,000,000 | 582,086,000,000 |
Balance sheet account receivable / (received) (payable) paid | 51,000,000 | 154,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 6,000,000 | (148,000,000) |
Fair value | 57,000,000 | 6,000,000 |
Option contract [member] | Commitments to sell interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 270,585,000,000 | 642,475,000,000 |
Balance sheet account receivable / (received) (payable) paid | (66,000,000) | (227,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (13,000,000) | 211,000,000 |
Fair value | (79,000,000) | (16,000,000) |
Option contract [member] | Commitments To Sell Foreign Currency [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 22,758,000,000 | 67,060,000,000 |
Balance sheet account receivable / (received) (payable) paid | 577,000,000 | 1,392,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (67,000,000) | (846,000,000) |
Fair value | 510,000,000 | 546,000,000 |
Option contract [member] | Commitments To Sell Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 33,592,000,000 | 68,924,000,000 |
Balance sheet account receivable / (received) (payable) paid | (3,707,000,000) | (1,771,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 33,000,000 | 640,000,000 |
Fair value | (3,674,000,000) | (1,131,000,000) |
Option contract [member] | Commitment To Sell Shares [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 137,322,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (17,467,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (1,087,000,000) | |
Fair value | (18,554,000,000) | |
Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 4,755,000,000 | 26,129,000,000 |
Forward contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,000,000 | 3,000,000 |
Forward contract [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 4,755,000,000 | 26,129,000,000 |
Balance sheet account receivable / (received) (payable) paid | 549,000,000 | 2,362,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (13,000,000) | (13,000,000) |
Fair value | 536,000,000 | 2,349,000,000 |
Purchases Receivable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 187,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 452,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (4,000,000) | |
Fair value | 448,000,000 | |
Purchases Receivable [Member] | Purchases receivable shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 157,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 157,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (5,000,000) | |
Fair value | 152,000,000 | |
Purchases Receivable [Member] | Purchases receivable shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 948,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 948,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (27,000,000) | |
Fair value | 921,000,000 | |
Purchases Receivable [Member] | Purchases receivable interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 30,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 295,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | |
Fair value | 296,000,000 | |
Purchases Receivable [Member] | Purchases receivable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 68,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 238,000,000 | |
Fair value | 238,000,000 | |
Purchases Payable [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | ||
Balance sheet account receivable / (received) (payable) paid | (30,000,000) | |
Fair value | (30,000,000) | |
Purchases Payable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (68,000,000) | |
Fair value | (68,000,000) | |
Purchases Payable [Member] | Purchases payable interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | ||
Balance sheet account receivable / (received) (payable) paid | (30,000,000) | |
Fair value | (30,000,000) | |
Purchases Payable [Member] | Purchases payable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (68,000,000) | |
Fair value | (68,000,000) | |
Sales Receivable Interests [Member] | Commitments To Sell Commodities [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 6,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | ||
Fair value | 6,000,000 | |
Sales Receivable Interests [Member] | Commitments To Sell Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,769,000,000 | |
Balance sheet account receivable / (received) (payable) paid | ||
Adjustment to fair value (in results / stockholders' equity) | ||
Fair value | ||
Sales Receivable Interests [Member] | Sales receivable shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 126,000,000 | 1,258,000,000 |
Balance sheet account receivable / (received) (payable) paid | 124,000,000 | 1,244,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (1,000,000) | |
Fair value | 124,000,000 | 1,243,000,000 |
Sales Receivable Interests [Member] | Sales receivable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | ||
Balance sheet account receivable / (received) (payable) paid | 694,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | ||
Fair value | 694,000,000 | |
Sales Receivable Interests [Member] | Sales Receivable Interests [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | 23,000,000 | |
Fair value | 23,000,000 | |
Sales Deliverable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 667,000,000 | 4,348,000,000 |
Balance sheet account receivable / (received) (payable) paid | (694,000,000) | |
Fair value | (694,000,000) | |
Sales Deliverable [Member] | Sales deliverable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 23,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (26,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | |
Fair value | (25,000,000) | |
Sales Deliverable [Member] | Sales deliverable foreign currency [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 644,000,000 | 141,629,000,000 |
Balance sheet account receivable / (received) (payable) paid | 4,778,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (10,000,000) | 688,000,000 |
Fair value | (10,000,000) | 5,466,000,000 |
Credit derivatives [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 43,808,000,000 | 21,556,000,000 |
Credit derivatives [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 25,174,000,000 | 14,128,000,000 |
Credit derivatives [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 21,556,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (101,000,000) | (532,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (11,000,000) | 576,000,000 |
Fair value | (112,000,000) | 44,000,000 |
Credit derivatives [member] | Asset Position [Member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 28,724,000,000 | 13,414,000,000 |
Balance sheet account receivable / (received) (payable) paid | 542,000,000 | (271,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (50,000,000) | 513,000,000 |
Fair value | 492,000,000 | 242,000,000 |
Credit derivatives [member] | Liability Position [Member] | Credit Derivatives Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 15,084,000,000 | 8,142,000,000 |
Balance sheet account receivable / (received) (payable) paid | (643,000,000) | (261,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 39,000,000 | 63,000,000 |
Fair value | (604,000,000) | (198,000,000) |
Credit derivatives [member] | Liability position shares [member] | Credit Derivatives Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,846,000,000 | 1,865,000,000 |
Balance sheet account receivable / (received) (payable) paid | (58,000,000) | (63,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (58,000,000) | 17,000,000 |
Fair value | (116,000,000) | (46,000,000) |
Credit derivatives [member] | Liability position interest [member] | Credit Derivatives Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 12,238,000,000 | 6,277,000,000 |
Balance sheet account receivable / (received) (payable) paid | (585,000,000) | (198,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 97,000,000 | 46,000,000 |
Fair value | (488,000,000) | (152,000,000) |
Credit derivatives [member] | Credit derivatives asset position shares [member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,192,000,000 | 1,784,000,000 |
Balance sheet account receivable / (received) (payable) paid | 71,000,000 | (37,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 15,000,000 | 101,000,000 |
Fair value | 86,000,000 | 64,000,000 |
Credit derivatives [member] | Credit derivatives asset position interest [member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 26,532,000,000 | 11,612,000,000 |
Balance sheet account receivable / (received) (payable) paid | 471,000,000 | (234,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (65,000,000) | 412,000,000 |
Fair value | 406,000,000 | 178,000,000 |
Credit derivatives [member] | Credit Derivatives Asset Position Foreign Currency [Member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 162,679,000,000 | 133,304,000,000 |
Balance sheet account receivable / (received) (payable) paid | (4,967,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 118,000,000 | |
Fair value | (4,849,000,000) | |
Non Deliverable Forward [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 326,100,000,000 | 278,531,000,000 |
Balance sheet account receivable / (received) (payable) paid | (936,000,000) | 239,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 450,000,000 | 808,000,000 |
Fair value | (486,000,000) | 1,047,000,000 |
Non Deliverable Forward [Member] | Asset Position [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 162,554,000,000 | 144,123,000,000 |
Balance sheet account receivable / (received) (payable) paid | 5,808,000,000 | 5,256,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 332,000,000 | 687,000,000 |
Fair value | 6,140,000,000 | 5,943,000,000 |
Non Deliverable Forward [Member] | Liability Position [Member] | Non Deliverable Forward Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 163,546,000,000 | 134,408,000,000 |
Balance sheet account receivable / (received) (payable) paid | (6,744,000,000) | (5,017,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 118,000,000 | 121,000,000 |
Fair value | (6,626,000,000) | (4,896,000,000) |
Non Deliverable Forward [Member] | Other Derivative Financial Instruments [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,943,000,000 | |
Non Deliverable Forward [Member] | Other Derivative Financial Instruments [Member] | Non Deliverable Forward Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | 343,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (2,000,000) | |
Fair value | 341,000,000 | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 9,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (1,000,000) | |
Fair value | (1,000,000) | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 159,611,000,000 | 61,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 282,000,000 | |
Fair value | 285,000,000 | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Non Deliverable Forward Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | 5,465,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 334,000,000 | |
Fair value | 5,799,000,000 | |
Non Deliverable Forward [Member] | Non Deliverable Forward Liability Position Commodities [Member] | Non Deliverable Forward Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 867,000,000 | 1,104,000,000 |
Balance sheet account receivable / (received) (payable) paid | (81,000,000) | (50,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (4,000,000) | 3,000,000 |
Fair value | (85,000,000) | (47,000,000) |
Non Deliverable Forward [Member] | Credit Derivatives Asset Position Foreign Currency [Member] | Non Deliverable Forward Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (6,663,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 122,000,000 | |
Fair value | (6,541,000,000) | |
Other Derivative Financial Instruments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 8,170,000,000 | |
Other Derivative Financial Instruments [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,390,000,000 | R$ 4502000000 |
Other Derivative Financial Instruments [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 8,170,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 44,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (258,000,000) | |
Fair value | (214,000,000) | |
Other Derivative Financial Instruments [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 7,261,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 255,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 147,000,000 | |
Fair value | 402,000,000 | |
Other Derivative Financial Instruments [Member] | Other Derivative Financial Instruments Shares [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 467,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (1,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (4,000,000) | |
Fair value | (5,000,000) | |
Other Derivative Financial Instruments [Member] | Other Derivative Financial Instruments Commodities [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 47,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (6,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (1,000,000) | |
Fair value | (7,000,000) | |
Other Derivative Financial Instruments [Member] | Other derivative financial instruments interest [member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 301,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (201,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (15,000,000) | |
Fair value | (216,000,000) | |
Other Derivative Financial Instruments [Member] | Other Derivative Financial Instruments Foreign Currency [Member] | Other Derivative Financial Instruments Liability Position [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 94,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (3,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (385,000,000) | |
Fair value | R$ 388000000 |
Derivatives (Details 2)
Derivatives (Details 2) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | R$ 6064000000 | |
Futures contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | R$ 1020605000000 | 857,781,000,000 |
Futures contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 227,878,000,000 | 370,243,000,000 |
Futures contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 423,571,000,000 | 248,922,000,000 |
Futures contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 216,999,000,000 | 74,456,000,000 |
Futures contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 152,157,000,000 | 164,160,000,000 |
Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Swap contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 267,484,000,000 | 131,681,000,000 |
Swap contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 151,436,000,000 | 155,022,000,000 |
Swap contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 176,320,000,000 | 121,040,000,000 |
Swap contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 975,785,000,000 | 930,714,000,000 |
Option contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,352,201,000,000 | 1,621,736,000,000 |
Option contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 456,100,000,000 | 1,230,470,000,000 |
Option contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 462,790,000,000 | 268,254,000,000 |
Option contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 374,678,000,000 | 45,731,000,000 |
Option contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 58,633,000,000 | 77,281,000,000 |
Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 4,755,000,000 | 26,129,000,000 |
Forward contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,406,000,000 | 3,173,000,000 |
Forward contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 2,637,000,000 | 13,402,000,000 |
Forward contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 706,000,000 | 9,551,000,000 |
Forward contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 6,000,000 | 3,000,000 |
Credit derivatives [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 43,808,000,000 | 21,556,000,000 |
Credit derivatives [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 3,912,000,000 | |
Credit derivatives [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 9,578,000,000 | 6,602,000,000 |
Credit derivatives [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 5,144,000,000 | 826,000,000 |
Credit derivatives [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 25,174,000,000 | 14,128,000,000 |
N D F Non Deliverable Forward [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 326,100,000,000 | 278,531,000,000 |
N D F Non Deliverable Forward [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 116,901,000,000 | 77,962,000,000 |
N D F Non Deliverable Forward [Member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 111,325,000,000 | 113,359,000,000 |
N D F Non Deliverable Forward [Member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 55,411,000,000 | 48,091,000,000 |
N D F Non Deliverable Forward [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 42,463,000,000 | 39,119,000,000 |
Other Derivative Financial Instruments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 8,170,000,000 | |
Other Derivative Financial Instruments [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 131,000,000 | 199,000,000 |
Other Derivative Financial Instruments [Member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 637,000,000 | 739,000,000 |
Other Derivative Financial Instruments [Member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,012,000,000 | 624,000,000 |
Other Derivative Financial Instruments [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | R$ 6390000000 | R$ 4502000000 |
Derivatives (Details 3)
Derivatives (Details 3) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | R$ 6064000000 | |
Balance sheet account receivable / (received) (payable) paid | R$ 3456000000 | 387,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 4,803,000,000 | 5,454,000,000 |
Fair value | 1,347,000,000 | 5,841,000,000 |
Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (56,371,000,000) | (41,710,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (20,490,000,000) | (21,494,000,000) |
Fair value | (76,861,000,000) | (63,204,000,000) |
Assets 1 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | 52,915,000,000 | 42,097,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 25,293,000,000 | 26,948,000,000 |
Fair value | 78,208,000,000 | 69,045,000,000 |
Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 909,000,000 | 932,000,000 |
Balance sheet account receivable / (received) (payable) paid | (211,000,000) | (139,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (405,000,000) | (16,000,000) |
Fair value | (616,000,000) | (155,000,000) |
Purchase Commitments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 418,886,000,000 | |
Purchase commitments shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,395,000,000 | |
Purchase Commitments Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 503,000,000 | |
Purchase commitments interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 385,229,000,000 | |
Purchase Commitments Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 29,759,000,000 | |
Commitments To Sell [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 601,719,000,000 | 386,886,000,000 |
Commitments to sell shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 11,702,000,000 | 14,181,000,000 |
Commitments To Sell Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,896,000,000 | 3,308,000,000 |
Commitments to sell interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 557,806,000,000 | 342,575,000,000 |
Commitments To Sell Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 28,315,000,000 | 26,822,000,000 |
Purchases Receivable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,016,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 1,186,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (27,000,000) | |
Fair value | 1,159,000,000 | |
Sales Receivable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,901,000,000 | 20,765,000,000 |
Balance sheet account receivable / (received) (payable) paid | 153,000,000 | 1,938,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 14,000,000 | |
Fair value | 153,000,000 | 1,952,000,000 |
Sales Receivables Interest [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (694,000,000) | |
Fair value | (694,000,000) | |
Other Derivative Financial Instruments Shares [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 576,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (9,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (12,000,000) | |
Fair value | (21,000,000) | |
Other derivative financial instruments interest [member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 347,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (130,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (3,000,000) | |
Fair value | (133,000,000) | |
Futures contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,020,605,000,000 | 857,781,000,000 |
Futures contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 152,157,000,000 | 164,160,000,000 |
Futures contract [member] | Purchase Commitments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 470,895,000,000 | |
Futures contract [member] | Purchase commitments shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 14,627,000,000 | |
Futures contract [member] | Purchase Commitments Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 703,000,000 | |
Futures contract [member] | Purchase commitments interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 429,862,000,000 | |
Futures contract [member] | Purchase Commitments Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 25,703,000,000 | |
Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Balance sheet account receivable / (received) (payable) paid | 2,948,000,000 | (1,861,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 4,886,000,000 | 5,229,000,000 |
Fair value | 7,834,000,000 | 3,368,000,000 |
Swap contract [member] | Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (19,448,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (19,620,000,000) | |
Fair value | (39,068,000,000) | |
Swap contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 975,785,000,000 | 930,714,000,000 |
Swap contract [member] | Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Balance sheet account receivable / (received) (payable) paid | 22,396,000,000 | 13,410,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 24,506,000,000 | 24,604,000,000 |
Fair value | 46,902,000,000 | 38,014,000,000 |
Swap contract [member] | Asset Position Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 222,000,000 | 2,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | |
Fair value | 2,000,000 | |
Swap contract [member] | Asset position interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,509,045,000,000 | 1,318,082,000,000 |
Balance sheet account receivable / (received) (payable) paid | 20,913,000,000 | 10,339,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 23,502,000,000 | 23,835,000,000 |
Fair value | 44,415,000,000 | 34,174,000,000 |
Swap contract [member] | Asset Position Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 61,758,000,000 | 20,373,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,482,000,000 | 3,071,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 1,003,000,000 | 769,000,000 |
Fair value | 2,485,000,000 | 3,840,000,000 |
Swap contract [member] | Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Balance sheet account receivable / (received) (payable) paid | (15,271,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (19,375,000,000) | |
Fair value | (34,646,000,000) | |
Swap contract [member] | Liability position shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,604,000,000 | 497,000,000 |
Balance sheet account receivable / (received) (payable) paid | (180,000,000) | (37,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 59,000,000 | (3,000,000) |
Fair value | (121,000,000) | (40,000,000) |
Swap contract [member] | Liability Position Commodities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 609,000,000 | 130,000,000 |
Balance sheet account receivable / (received) (payable) paid | (5,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | (1,000,000) |
Fair value | (4,000,000) | (1,000,000) |
Swap contract [member] | Liability position interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,491,476,000,000 | 1,309,778,000,000 |
Balance sheet account receivable / (received) (payable) paid | (18,130,000,000) | (13,331,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (18,487,000,000) | (19,377,000,000) |
Fair value | (36,617,000,000) | (32,708,000,000) |
Swap contract [member] | Liability Position Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 77,336,000,000 | 28,052,000,000 |
Balance sheet account receivable / (received) (payable) paid | (1,133,000,000) | (1,903,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (1,193,000,000) | 6,000,000 |
Fair value | (2,326,000,000) | (1,897,000,000) |
Option Contracts [Member] | Liability Position Foreign Currency [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,621,736,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 154,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (1,449,000,000) | |
Fair value | (1,295,000,000) | |
Option contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 1,352,201,000,000 | 1,621,736,000,000 |
Balance sheet account receivable / (received) (payable) paid | (5,960,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | (251,000,000) | |
Fair value | (6,211,000,000) | |
Option contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 58,633,000,000 | 77,281,000,000 |
Option contract [member] | Purchase Commitments [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 267,199,000,000 | 145,412,000,000 |
Balance sheet account receivable / (received) (payable) paid | 3,071,000,000 | 17,981,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (665,000,000) | 1,496,000,000 |
Fair value | 2,406,000,000 | 19,477,000,000 |
Option contract [member] | Purchase Commitments [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 223,496,000,000 | 79,734,000,000 |
Balance sheet account receivable / (received) (payable) paid | (7,997,000,000) | (17,595,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 444,000,000 | (2,781,000,000) |
Fair value | (7,553,000,000) | (20,376,000,000) |
Option contract [member] | Purchase commitments shares [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 131,529,000,000 | 11,929,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,786,000,000 | 521,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (131,000,000) | 1,140,000,000 |
Fair value | 1,655,000,000 | 1,661,000,000 |
Option contract [member] | Purchase commitments shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 131,361,000,000 | 14,045,000,000 |
Balance sheet account receivable / (received) (payable) paid | (4,448,000,000) | (348,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 155,000,000 | (1,185,000,000) |
Fair value | (4,293,000,000) | (1,533,000,000) |
Option contract [member] | Purchase Commitments Commodities [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,347,000,000 | 471,000,000 |
Balance sheet account receivable / (received) (payable) paid | 43,000,000 | 20,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (7,000,000) | 20,000,000 |
Fair value | 36,000,000 | 40,000,000 |
Option contract [member] | Purchase Commitments Commodities [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,000,000,000 | 274,000,000 |
Balance sheet account receivable / (received) (payable) paid | (15,000,000) | (8,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 5,000,000 | (1,000,000) |
Fair value | (10,000,000) | (9,000,000) |
Option contract [member] | Purchase commitments interest [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 93,795,000,000 | 63,697,000,000 |
Balance sheet account receivable / (received) (payable) paid | 156,000,000 | 127,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 4,000,000 | 98,000,000 |
Fair value | 160,000,000 | 225,000,000 |
Option contract [member] | Purchase commitments interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 64,256,000,000 | 3,284,000,000 |
Balance sheet account receivable / (received) (payable) paid | (181,000,000) | (68,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (5,000,000) | (48,000,000) |
Fair value | (186,000,000) | (116,000,000) |
Option contract [member] | Purchase Commitments Foreign Currency [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 39,528,000,000 | 69,315,000,000 |
Balance sheet account receivable / (received) (payable) paid | 1,086,000,000 | 17,313,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (531,000,000) | 238,000,000 |
Fair value | 555,000,000 | 17,551,000,000 |
Option contract [member] | Purchase Commitments Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 25,879,000,000 | 62,131,000,000 |
Balance sheet account receivable / (received) (payable) paid | (3,353,000,000) | (17,171,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 289,000,000 | (1,547,000,000) |
Fair value | (3,064,000,000) | (18,718,000,000) |
Option contract [member] | Commitments To Sell [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 419,044,000,000 | 668,380,000,000 |
Balance sheet account receivable / (received) (payable) paid | 20,238,000,000 | 2,433,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 1,027,000,000 | (658,000,000) |
Fair value | 21,265,000,000 | 1,775,000,000 |
Option contract [member] | Commitments To Sell [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 442,462,000,000 | 728,210,000,000 |
Balance sheet account receivable / (received) (payable) paid | (21,272,000,000) | (2,665,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (1,057,000,000) | 494,000,000 |
Fair value | (22,329,000,000) | (2,171,000,000) |
Option contract [member] | Commitments to sell shares [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 138,899,000,000 | 18,928,000,000 |
Balance sheet account receivable / (received) (payable) paid | 19,592,000,000 | 878,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 1,094,000,000 | 339,000,000 |
Fair value | 20,686,000,000 | 1,217,000,000 |
Option contract [member] | Commitments to sell shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 16,545,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (32,000,000) | (648,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 10,000,000 | (368,000,000) |
Fair value | (22,000,000) | (1,016,000,000) |
Option contract [member] | Commitments To Sell Commodities [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 904,000,000 | 306,000,000 |
Balance sheet account receivable / (received) (payable) paid | 18,000,000 | 9,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (6,000,000) | (3,000,000) |
Fair value | 12,000,000 | 6,000,000 |
Option contract [member] | Commitments To Sell Commodities [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 963,000,000 | 266,000,000 |
Balance sheet account receivable / (received) (payable) paid | (19,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 11,000,000 | |
Fair value | (8,000,000) | |
Option contract [member] | Commitments to sell interest [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 256,483,000,000 | 582,086,000,000 |
Balance sheet account receivable / (received) (payable) paid | 51,000,000 | 154,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 6,000,000 | (148,000,000) |
Fair value | 57,000,000 | 6,000,000 |
Option contract [member] | Commitments to sell interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 270,585,000,000 | 642,475,000,000 |
Balance sheet account receivable / (received) (payable) paid | (66,000,000) | (227,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (13,000,000) | 211,000,000 |
Fair value | (79,000,000) | (16,000,000) |
Option contract [member] | Commitments To Sell Foreign Currency [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 22,758,000,000 | 67,060,000,000 |
Balance sheet account receivable / (received) (payable) paid | 577,000,000 | 1,392,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (67,000,000) | (846,000,000) |
Fair value | 510,000,000 | 546,000,000 |
Option contract [member] | Commitments To Sell Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 33,592,000,000 | 68,924,000,000 |
Balance sheet account receivable / (received) (payable) paid | (3,707,000,000) | (1,771,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 33,000,000 | 640,000,000 |
Fair value | (3,674,000,000) | (1,131,000,000) |
Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 4,755,000,000 | 26,129,000,000 |
Forward contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,000,000 | 3,000,000 |
Forward contract [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 4,755,000,000 | 26,129,000,000 |
Balance sheet account receivable / (received) (payable) paid | 549,000,000 | 2,362,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (13,000,000) | (13,000,000) |
Fair value | 536,000,000 | 2,349,000,000 |
Purchases Receivable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 187,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 452,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (4,000,000) | |
Fair value | 448,000,000 | |
Purchases Receivable [Member] | Purchases receivable shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 157,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 157,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (5,000,000) | |
Fair value | 152,000,000 | |
Purchases Receivable [Member] | Purchases receivable shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 948,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 948,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (27,000,000) | |
Fair value | 921,000,000 | |
Purchases Receivable [Member] | Purchases receivable interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 30,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 295,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 1,000,000 | |
Fair value | 296,000,000 | |
Purchases Receivable [Member] | Purchases receivable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 68,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 238,000,000 | |
Fair value | 238,000,000 | |
Purchases Payable [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | ||
Balance sheet account receivable / (received) (payable) paid | (30,000,000) | |
Fair value | (30,000,000) | |
Purchases Payable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (68,000,000) | |
Fair value | (68,000,000) | |
Purchases Payable [Member] | Purchases payable interest [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | ||
Balance sheet account receivable / (received) (payable) paid | (30,000,000) | |
Fair value | (30,000,000) | |
Purchases Payable [Member] | Purchases payable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (68,000,000) | |
Fair value | (68,000,000) | |
Purchases Payable [Member] | Purchases Payable Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 19,507,000,000 | |
Fair value | 15,000,000 | |
Sales Receivable Interests [Member] | Commitments To Sell Commodities [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 6,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | ||
Fair value | 6,000,000 | |
Sales Receivable Interests [Member] | Commitments To Sell Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,769,000,000 | |
Balance sheet account receivable / (received) (payable) paid | ||
Adjustment to fair value (in results / stockholders' equity) | ||
Fair value | ||
Sales Receivable Interests [Member] | Sales receivable shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 126,000,000 | 1,258,000,000 |
Balance sheet account receivable / (received) (payable) paid | 124,000,000 | 1,244,000,000 |
Adjustment to fair value (in results / stockholders' equity) | (1,000,000) | |
Fair value | 124,000,000 | 1,243,000,000 |
Sales Receivable Interests [Member] | Sales receivable interest [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | ||
Balance sheet account receivable / (received) (payable) paid | 694,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | ||
Fair value | 694,000,000 | |
Sales Receivable Interests [Member] | Purchases Payable Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Adjustment to fair value (in results / stockholders' equity) | 15,000,000 | |
Sales Receivable Interests [Member] | Sales Receivable Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 3,654,000,000 | |
Sales Deliverable [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 667,000,000 | 4,348,000,000 |
Balance sheet account receivable / (received) (payable) paid | (694,000,000) | |
Fair value | (694,000,000) | |
Sales Deliverable [Member] | Sales deliverable shares [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 694,000,000 | |
Sales Deliverable [Member] | Sales deliverable foreign currency [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 644,000,000 | 141,629,000,000 |
Balance sheet account receivable / (received) (payable) paid | 4,778,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (10,000,000) | 688,000,000 |
Fair value | (10,000,000) | 5,466,000,000 |
Credit derivatives [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 43,808,000,000 | 21,556,000,000 |
Credit derivatives [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 25,174,000,000 | 14,128,000,000 |
Credit derivatives [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 21,556,000,000 | |
Balance sheet account receivable / (received) (payable) paid | (101,000,000) | (532,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (11,000,000) | 576,000,000 |
Fair value | (112,000,000) | 44,000,000 |
Credit derivatives [member] | Asset Position [Member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 28,724,000,000 | 13,414,000,000 |
Balance sheet account receivable / (received) (payable) paid | 542,000,000 | (271,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (50,000,000) | 513,000,000 |
Fair value | 492,000,000 | 242,000,000 |
Credit derivatives [member] | Liability Position [Member] | Not later than one year [member] | Credit Derivatives Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 15,084,000,000 | 8,142,000,000 |
Balance sheet account receivable / (received) (payable) paid | (643,000,000) | (261,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 39,000,000 | 63,000,000 |
Fair value | (604,000,000) | (198,000,000) |
Credit derivatives [member] | Liability position shares [member] | Not later than one year [member] | Credit Derivatives Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,846,000,000 | 1,865,000,000 |
Balance sheet account receivable / (received) (payable) paid | (58,000,000) | (63,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (58,000,000) | 17,000,000 |
Fair value | (116,000,000) | (46,000,000) |
Credit derivatives [member] | Liability position interest [member] | Not later than one year [member] | Credit Derivatives Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 12,238,000,000 | 6,277,000,000 |
Balance sheet account receivable / (received) (payable) paid | (585,000,000) | (198,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 97,000,000 | 46,000,000 |
Fair value | (488,000,000) | (152,000,000) |
Credit derivatives [member] | Credit derivatives asset position shares [member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,192,000,000 | 1,784,000,000 |
Balance sheet account receivable / (received) (payable) paid | 71,000,000 | (37,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 15,000,000 | 101,000,000 |
Fair value | 86,000,000 | 64,000,000 |
Credit derivatives [member] | Credit Derivatives Asset Position Commodities [Member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 18,000,000 | |
Credit derivatives [member] | Credit derivatives asset position interest [member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 26,532,000,000 | 11,612,000,000 |
Balance sheet account receivable / (received) (payable) paid | 471,000,000 | (234,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (65,000,000) | 412,000,000 |
Fair value | 406,000,000 | 178,000,000 |
Credit derivatives [member] | Credit Derivatives Asset Position Foreign Currency [Member] | Not later than one year [member] | Credit Derivatives Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 162,679,000,000 | 133,304,000,000 |
Balance sheet account receivable / (received) (payable) paid | (4,967,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 118,000,000 | |
Fair value | (4,849,000,000) | |
Non Deliverable Forward [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 326,100,000,000 | 278,531,000,000 |
Balance sheet account receivable / (received) (payable) paid | (936,000,000) | 239,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 450,000,000 | 808,000,000 |
Fair value | (486,000,000) | 1,047,000,000 |
Non Deliverable Forward [Member] | Asset Position [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 162,554,000,000 | 144,123,000,000 |
Balance sheet account receivable / (received) (payable) paid | 5,808,000,000 | 5,256,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 332,000,000 | 687,000,000 |
Fair value | 6,140,000,000 | 5,943,000,000 |
Non Deliverable Forward [Member] | Liability Position [Member] | Not later than one year [member] | Non Deliverable Forward Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 163,546,000,000 | 134,408,000,000 |
Balance sheet account receivable / (received) (payable) paid | (6,744,000,000) | (5,017,000,000) |
Adjustment to fair value (in results / stockholders' equity) | 118,000,000 | 121,000,000 |
Fair value | (6,626,000,000) | (4,896,000,000) |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Shares [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 5,000,000 | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Commodities [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 2,489,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 478,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (1,000,000) | |
Fair value | 477,000,000 | |
Non Deliverable Forward [Member] | Non Deliverable Forward Liability Position Commodities [Member] | Not later than one year [member] | Non Deliverable Forward Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 867,000,000 | 1,104,000,000 |
Balance sheet account receivable / (received) (payable) paid | (81,000,000) | (50,000,000) |
Adjustment to fair value (in results / stockholders' equity) | (4,000,000) | 3,000,000 |
Fair value | (85,000,000) | (47,000,000) |
Non Deliverable Forward [Member] | Credit Derivatives Asset Position Foreign Currency [Member] | Not later than one year [member] | Non Deliverable Forward Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | (6,663,000,000) | |
Adjustment to fair value (in results / stockholders' equity) | 122,000,000 | |
Fair value | (6,541,000,000) | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 9,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | (1,000,000) | |
Fair value | (1,000,000) | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Not later than one year [member] | Non Deliverable Forward Liability Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | 5,465,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 334,000,000 | |
Fair value | 5,799,000,000 | |
Non Deliverable Forward [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Not later than one year [member] | Non Deliverable Forward Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 159,611,000,000 | 61,000,000 |
Adjustment to fair value (in results / stockholders' equity) | 282,000,000 | |
Fair value | 285,000,000 | |
Other Derivative Financial Instruments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 8,170,000,000 | |
Other Derivative Financial Instruments [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | R$ 6390000000 | 4,502,000,000 |
Other Derivative Financial Instruments [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 6,064,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 25,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 303,000,000 | |
Fair value | 328,000,000 | |
Other Derivative Financial Instruments [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 5,132,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 164,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 319,000,000 | |
Fair value | 483,000,000 | |
Other Derivative Financial Instruments [Member] | Other Derivative Financial Instruments Shares [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 202,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 8,000,000 | |
Fair value | 8,000,000 | |
Other Derivative Financial Instruments [Member] | Other derivative financial instruments interest [member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet notional amount | 4,869,000,000 | |
Balance sheet account receivable / (received) (payable) paid | 161,000,000 | |
Adjustment to fair value (in results / stockholders' equity) | 29,000,000 | |
Fair value | 190,000,000 | |
Other Derivative Financial Instruments [Member] | Non Deliverable Forward Asset Position Foreign Currency [Member] | Not later than one year [member] | Other Derivative Financial Instruments Asset Position [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Balance sheet account receivable / (received) (payable) paid | R$ 3000000 |
Derivatives (Details 4)
Derivatives (Details 4) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | R$ 6064000000 | |
Futures contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | R$ 1020605000000 | 857,781,000,000 |
Futures contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 227,878,000,000 | 370,243,000,000 |
Futures contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 423,571,000,000 | 248,922,000,000 |
Futures contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 216,999,000,000 | 74,456,000,000 |
Futures contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 152,157,000,000 | 164,160,000,000 |
Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,571,025,000,000 | 1,338,457,000,000 |
Swap contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 267,484,000,000 | 131,681,000,000 |
Swap contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 151,436,000,000 | 155,022,000,000 |
Swap contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 176,320,000,000 | 121,040,000,000 |
Swap contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 975,785,000,000 | 930,714,000,000 |
Option contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,352,201,000,000 | 1,621,736,000,000 |
Option contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 456,100,000,000 | 1,230,470,000,000 |
Option contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 462,790,000,000 | 268,254,000,000 |
Option contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 374,678,000,000 | 45,731,000,000 |
Option contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 58,633,000,000 | 77,281,000,000 |
Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 4,755,000,000 | 26,129,000,000 |
Forward contract [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,406,000,000 | 3,173,000,000 |
Forward contract [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 2,637,000,000 | 13,402,000,000 |
Forward contract [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 706,000,000 | 9,551,000,000 |
Forward contract [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 6,000,000 | 3,000,000 |
Credit derivatives [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 43,808,000,000 | 21,556,000,000 |
Credit derivatives [member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 3,912,000,000 | |
Credit derivatives [member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 9,578,000,000 | 6,602,000,000 |
Credit derivatives [member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 5,144,000,000 | 826,000,000 |
Credit derivatives [member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 25,174,000,000 | 14,128,000,000 |
N D F Non Deliverable Forward [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 326,100,000,000 | 278,531,000,000 |
N D F Non Deliverable Forward [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 116,901,000,000 | 77,962,000,000 |
N D F Non Deliverable Forward [Member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 111,325,000,000 | 113,359,000,000 |
N D F Non Deliverable Forward [Member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 55,411,000,000 | 48,091,000,000 |
N D F Non Deliverable Forward [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 42,463,000,000 | 39,119,000,000 |
Other Derivative Financial Instruments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 8,170,000,000 | |
Other Derivative Financial Instruments [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 131,000,000 | 199,000,000 |
Other Derivative Financial Instruments [Member] | Later than one month and not later than six months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 637,000,000 | 739,000,000 |
Other Derivative Financial Instruments [Member] | Later than six months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | 1,012,000,000 | 624,000,000 |
Other Derivative Financial Instruments [Member] | Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Off-balance sheet - notional amount | R$ 6390000000 | R$ 4502000000 |
Derivatives (Details 5)
Derivatives (Details 5) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
B3 | R$ 6064000000 | |
Futures contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | R$ 1020605000000 | 857,781,000,000 |
Futures contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,020,605,000,000 | 857,781,000,000 |
Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,571,025,000,000 | 1,338,457,000,000 |
Swap contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,571,025,000,000 | 1,338,457,000,000 |
Option contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,352,201,000,000 | 1,621,736,000,000 |
Option contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,352,201,000,000 | 1,621,736,000,000 |
Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 4,755,000,000 | 26,129,000,000 |
Forward contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 4,755,000,000 | 26,129,000,000 |
Credit derivatives [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 43,808,000,000 | 21,556,000,000 |
Credit derivatives [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 43,808,000,000 | 21,556,000,000 |
N D F Non Deliverable Forward [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 326,100,000,000 | 278,531,000,000 |
N D F Non Deliverable Forward [Member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 326,100,000,000 | 278,531,000,000 |
Target flow of swap [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 8,170,000,000 | |
B3 [member] | Futures contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,020,604,000,000 | 857,781,000,000 |
B3 [member] | Swap contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 991,559,000,000 | 817,629,000,000 |
B3 [member] | Option contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,255,056,000,000 | 1,530,730,000,000 |
B3 [member] | Forward contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 4,696,000,000 | 25,368,000,000 |
B3 [member] | Credit derivatives [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 17,806,000,000 | 7,535,000,000 |
B3 [member] | N D F Non Deliverable Forward [Member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 70,562,000,000 | 65,035,000,000 |
Over-the-counter market [member] | Derivative financial instruments [member] | Financial institutions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 5,938,000,000 | 4,861,000,000 |
Over-the-counter market [member] | Futures contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,000,000 | |
Over-the-counter market [member] | Futures contract [member] | Derivative financial instruments [member] | Companies [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,000,000 | |
Over-the-counter market [member] | Swap contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 579,466,000,000 | 520,828,000,000 |
Over-the-counter market [member] | Swap contract [member] | Derivative financial instruments [member] | Financial institutions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 465,917,000,000 | 413,651,000,000 |
Over-the-counter market [member] | Swap contract [member] | Derivative financial instruments [member] | Companies [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 105,076,000,000 | 103,758,000,000 |
Over-the-counter market [member] | Swap contract [member] | Derivative financial instruments [member] | Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 8,473,000,000 | 3,419,000,000 |
Over-the-counter market [member] | Option contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 97,145,000,000 | 91,006,000,000 |
Over-the-counter market [member] | Option contract [member] | Derivative financial instruments [member] | Financial institutions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 52,177,000,000 | 57,540,000,000 |
Over-the-counter market [member] | Option contract [member] | Derivative financial instruments [member] | Companies [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 43,949,000,000 | 32,415,000,000 |
Over-the-counter market [member] | Option contract [member] | Derivative financial instruments [member] | Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,019,000,000 | 1,051,000,000 |
Over-the-counter market [member] | Forward contract [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 59,000,000 | 761,000,000 |
Over-the-counter market [member] | Forward contract [member] | Derivative financial instruments [member] | Financial institutions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 53,000,000 | 761,000,000 |
Over-the-counter market [member] | Forward contract [member] | Derivative financial instruments [member] | Companies [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 6,000,000 | |
Over-the-counter market [member] | Credit derivatives [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 26,002,000,000 | 14,021,000,000 |
Over-the-counter market [member] | Credit derivatives [member] | Derivative financial instruments [member] | Financial institutions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 26,002,000,000 | 14,021,000,000 |
Over-the-counter market [member] | N D F Non Deliverable Forward [Member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 255,538,000,000 | 213,496,000,000 |
Over-the-counter market [member] | N D F Non Deliverable Forward [Member] | Derivative financial instruments [member] | Financial institutions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 117,077,000,000 | 76,415,000,000 |
Over-the-counter market [member] | N D F Non Deliverable Forward [Member] | Derivative financial instruments [member] | Companies [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 137,091,000,000 | 136,270,000,000 |
Over-the-counter market [member] | N D F Non Deliverable Forward [Member] | Derivative financial instruments [member] | Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 1,370,000,000 | 811,000,000 |
Over-the-counter market [member] | Target flow of swap [member] | Derivative financial instruments [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 8,170,000,000 | 6,064,000,000 |
Over-the-counter market [member] | Target flow of swap [member] | Derivative financial instruments [member] | Companies [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | 2,227,000,000 | 1,200,000,000 |
Over-the-counter market [member] | Target flow of swap [member] | Derivative financial instruments [member] | Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
B3 | R$ 5000000 | R$ 3000000 |
Derivatives (Details 6)
Derivatives (Details 6) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | R$ 34156 | R$ 15447 |
Brazilian Government [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 28,988 | 11,882 |
Government Abroad [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 280 | 196 |
Private Entities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 4,888 | 3,369 |
Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 1,944 | 516 |
Below Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 32,212 | 14,931 |
Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 18,534 | 7,291 |
Not later than one year [member] | Brazilian Government [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 17,195 | 6,144 |
Not later than one year [member] | Government Abroad [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 91 | 33 |
Not later than one year [member] | Private Entities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 1,248 | 1,114 |
Not later than one year [member] | Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 218 | 194 |
Not later than one year [member] | Below Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 18,316 | 7,097 |
Later than one year and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 6,368 | 3,566 |
Later than one year and not later than three years [member] | Brazilian Government [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 4,543 | 1,792 |
Later than one year and not later than three years [member] | Government Abroad [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 73 | 102 |
Later than one year and not later than three years [member] | Private Entities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 1,752 | 1,672 |
Later than one year and not later than three years [member] | Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 850 | 253 |
Later than one year and not later than three years [member] | Below Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 5,518 | 3,313 |
Later than three years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 9,176 | 4,590 |
Later than three years and not later than five years [member] | Brazilian Government [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 7,172 | 3,946 |
Later than three years and not later than five years [member] | Government Abroad [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 116 | 61 |
Later than three years and not later than five years [member] | Private Entities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 1,888 | 583 |
Later than three years and not later than five years [member] | Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 876 | 69 |
Later than three years and not later than five years [member] | Below Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 8,300 | 4,521 |
Later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 78 | |
Later than five years [member] | Brazilian Government [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 78 | |
Later than five years [member] | Below Investment grade [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 78 | |
Credit default swaps [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 18,156 | 9,837 |
Credit default swaps [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 2,534 | 1,681 |
Credit default swaps [member] | Later than one year and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 6,368 | 3,566 |
Credit default swaps [member] | Later than three years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 9,176 | 4,590 |
Credit default swaps [member] | Later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 78 | |
Total Returns Swap [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | 16,000 | 5,610 |
Total Returns Swap [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum potential amount of future payments | R$ 16000 | R$ 5610 |
Derivatives (Details 7)
Derivatives (Details 7) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Notional amount of credit protection sold | R$ 34156 | R$ 15447 |
Notional amount of credit protection purchased with identical underlying amount | 9,652 | 6,109 |
Net position | (24,504) | (9,338) |
Credit default swaps [member] | ||
IfrsStatementLineItems [Line Items] | ||
Notional amount of credit protection sold | (18,156) | (9,837) |
Notional amount of credit protection purchased with identical underlying amount | 9,652 | 6,109 |
Net position | (8,504) | (3,728) |
Total Returns Swap [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Notional amount of credit protection sold | (16,000) | (5,610) |
Net position | R$ 16000 | R$ 5610 |
Derivatives (Details 8)
Derivatives (Details 8) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Gross amount of recognized financial assets | R$ 78208 | R$ 69045 |
Net amount of financial assets presented in the statement of financial position | 78,208 | 69,045 |
Related amounts not offset in the statement of Financial position, financial instruments | (17,507) | (14,517) |
Net amount | 59,696 | 54,311 |
Related amounts not offset in the statement of Financial position, cash collateral received | (1,005) | (217) |
Gross amount of recognized financial liabilities | 76,861 | 63,204 |
Net amount of financial assets presented in the statement of financial position | 76,861 | 63,204 |
Related amounts not offset in the statement of Financial position, financial instruments | (17,507) | (14,517) |
Net amount | 59,354 | 48,687 |
Securities purchased under agreements to resell [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross amount of recognized financial assets | 221,776 | 169,711 |
Net amount of financial assets presented in the statement of financial position | 221,776 | 169,711 |
Related amounts not offset in the statement of Financial position, financial instruments | (3,930) | (3,649) |
Net amount | 217,846 | 166,062 |
Gross amount of recognized financial liabilities | 293,440 | 252,848 |
Net amount of financial assets presented in the statement of financial position | 293,440 | 252,848 |
Related amounts not offset in the statement of Financial position, financial instruments | (40,156) | (39,317) |
Net amount | R$ 253284 | R$ 213531 |
Derivatives (Details Narrative)
Derivatives (Details Narrative) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Total value of margins pledged in guarantee | R$ 12155 | R$ 11011 |
Hedge accounting (Details)
Hedge accounting (Details) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | R$ 34000000 | R$ 699000000 | R$ 3557000000 |
Credit derivative, nominal amount | 273,280,000,000 | 148,125,000,000 | |
Hedge Of Deposits And Repurchase Agreements [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 149,210,000,000 | 39,136,000,000 | |
Hedge Of Assets Transactions [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 6,528,000,000 | 8,213,000,000 | |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 50,848,000,000 | 39,962,000,000 | |
Hedge Of Assets Denominated In U F [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 7,853,000,000 | 14,683,000,000 | |
Hedge Of Highly Probable Forecast Transactions [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 343,000,000 | 3,508,000,000 | |
Cash flow hedges [member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, liabilities | 156,884,000,000 | 44,891,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (607,000,000) | (942,000,000) | |
Increase Decrease In Cash Flow Hedge Reserve | (420,000,000) | (387,000,000) | |
Credit derivative, nominal amount | 225,396,000,000 | 111,412,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | (554,000,000) | (946,000,000) | |
Hedged item, assets | 70,964,000,000 | 67,344,000,000 | |
Cash flow hedges [member] | Hedge Of Deposits And Repurchase Agreements [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 3,288,000,000 | 131,000,000 | |
Cash flow hedges [member] | Hedge Of Loan Operations [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Credit derivative, nominal amount | 3,288,000,000 | 131,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Deposits And Repurchase Agreements [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, liabilities | 149,300,000,000 | 39,142,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 1,169,000,000 | 1,065,000,000 | |
Increase Decrease In Cash Flow Hedge Reserve | 1,169,000,000 | 1,065,000,000 | |
Credit derivative, nominal amount | 149,210,000,000 | 39,136,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | 1,222,000,000 | 1,072,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Assets Transactions [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (367,000,000) | (409,000,000) | |
Increase Decrease In Cash Flow Hedge Reserve | (367,000,000) | (409,000,000) | |
Credit derivative, nominal amount | 63,528,000,000 | 8,213,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | (367,000,000) | (409,000,000) | |
Hedged item, assets | 6,894,000,000 | 8,621,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (1,508,000,000) | (1,686,000,000) | |
Increase Decrease In Cash Flow Hedge Reserve | (1,508,000,000) | (1,686,000,000) | |
Credit derivative, nominal amount | 50,848,000,000 | 39,962,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | (1,508,000,000) | (1,698,000,000) | |
Hedged item, assets | 52,916,000,000 | 40,526,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Loan Operations [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (6,000,000) | ||
Increase Decrease In Cash Flow Hedge Reserve | (6,000,000) | ||
Credit derivative, nominal amount | 3,288,000,000 | 131,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | (6,000,000) | 1,000,000 | |
Hedged item, assets | 3,283,000,000 | 131,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge fund investments [member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, liabilities | 6,881,000,000 | 5,749,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 86,000,000 | 30,000,000 | |
Increase Decrease In Cash Flow Hedge Reserve | 86,000,000 | 30,000,000 | |
Credit derivative, nominal amount | 6,967,000,000 | 5,779,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | 86,000,000 | 30,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Assets Denominated In U F [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 16,000,000 | (127,000,000) | |
Increase Decrease In Cash Flow Hedge Reserve | 16,000,000 | (127,000,000) | |
Credit derivative, nominal amount | 7,853,000,000 | 14,683,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | 16,000,000 | (127,000,000) | |
Hedged item, assets | 7,871,000,000 | 14,558,000,000 | |
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Highly Probable Forecast Transactions [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, liabilities | 343,000,000 | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 4,000,000 | 185,000,000 | |
Increase Decrease In Cash Flow Hedge Reserve | 191,000,000 | 740,000,000 | |
Credit derivative, nominal amount | 343,000,000 | 3,508,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | 4,000,000 | 185,000,000 | |
Hedged item, assets | R$ 3508000000 | ||
Interest rate risk [member] | Cash flow hedges [member] | Hedge Of Funding [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, liabilities | 360,000,000 | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (1,000,000) | ||
Increase Decrease In Cash Flow Hedge Reserve | (1,000,000) | ||
Credit derivative, nominal amount | 359,000,000 | ||
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | R$ 1000000 |
Hedge accounting (Details 1)
Hedge accounting (Details 1) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Nominal Value | R$ 273280000000 | R$ 148125000000 | |
Hedging instrument, assets | 4,556,000,000 | 7,061,000,000 | |
Hedging instrument, liabilities | 1,965,000,000 | 3,748,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (34,000,000) | 699,000,000 | R$ 3557000000 |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (160,000,000) | (19,000,000) | |
Currency risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 9,933,000,000 | 15,924,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (14,836,000,000) | (14,701,000,000) | |
Cash flow hedges [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 225,396,000,000 | 111,412,000,000 | |
Hedging instrument, assets | 424,000,000 | 447,000,000 | |
Hedging instrument, liabilities | 685,000,000 | 617,000,000 | |
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | (554,000,000) | (946,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (607,000,000) | (942,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | 53,000,000 | (4,000,000) | |
Reclassification adjustments on cash flow hedges, net of tax | 379,000,000 | (13,000,000) | |
Interest rate futures [member] | Cash flow hedges [member] | Interest rate risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 206,586,000,000 | 87,311,000,000 | |
Hedging instrument, assets | 31,000,000 | 58,000,000 | |
Hedging instrument, liabilities | 27,000,000 | 24,000,000 | |
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | (653,000,000) | (1,035,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (706,000,000) | (1,030,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | 53,000,000 | (5,000,000) | |
Reclassification adjustments on cash flow hedges, net of tax | (13,000,000) | ||
Interest Rate Forward [Member] | Cash flow hedges [member] | Interest rate risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 10,037,000,000 | 16,830,000,000 | |
Hedging instrument, assets | 136,000,000 | 118,000,000 | |
Hedging instrument, liabilities | 646,000,000 | 593,000,000 | |
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | 11,000,000 | (118,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 11,000,000 | (118,000,000) | |
Reclassification adjustments on cash flow hedges, net of tax | 1,000,000 | ||
Interest rate swap2 [Member] | Cash flow hedges [member] | Interest rate risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 8,071,000,000 | 3,763,000,000 | |
Hedging instrument, assets | 201,000,000 | 19,000,000 | |
Hedging instrument, liabilities | 11,000,000 | ||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | 85,000,000 | 22,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 85,000,000 | 21,000,000 | |
Futures contract [member] | Cash flow hedges [member] | Interest rate risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | 185,000,000 | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 185,000,000 | ||
Reclassification adjustments on cash flow hedges, net of tax | 378,000,000 | ||
Futures contract [member] | Cash flow hedges [member] | Currency risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 249,000,000 | 3,480,000,000 | |
Hedging instrument, assets | 2,000,000 | 252,000,000 | |
Forward contract [member] | Cash flow hedges [member] | Interest rate risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | 4,000,000 | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 4,000,000 | ||
Forward contract [member] | Cash flow hedges [member] | Currency risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 94,000,000 | R$ 28000000 | |
Hedging instrument, liabilities | 1,000,000 | ||
Swaps [Member] | Cash flow hedges [member] | Interest rate risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | (1,000,000) | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (1,000,000) | ||
Swaps [Member] | Cash flow hedges [member] | Currency risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 359,000,000 | ||
Hedging instrument, assets | R$ 54000000 |
Hedge accounting (Details 2)
Hedge accounting (Details 2) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | R$ 34000000 | R$ 699000000 | R$ 3557000000 |
Credit derivative, nominal amount | 273,280,000,000 | 148,125,000,000 | |
Currency risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, assets | 8,983,000,000 | 11,325,000,000 | |
Hedged item, liabilities | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (14,836,000,000) | (14,701,000,000) | |
Gains (losses) on change in value of foreign currency basis spreads, net of tax | (14,836,000,000) | (14,701,000,000) | |
Credit derivative, nominal amount | 9,933,000,000 | 15,924,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | (14,996,000,000) | (14,720,000,000) | |
Hedges of net investment in foreign operations [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (14,836,000,000) | (14,701,000,000) | |
Credit derivative, nominal amount | 9,933,000,000 | ||
Hedges of net investment in foreign operations [member] | Currency risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Hedged item, assets | 8,983,000,000 | 11,325,000,000 | |
Hedged item, liabilities | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (14,836,000,000) | (14,701,000,000) | |
Gains (losses) on change in value of foreign currency basis spreads, net of tax | (14,836,000,000) | (14,701,000,000) | |
Credit derivative, nominal amount | 9,933,000,000 | 15,924,000,000 | |
Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness | R$ 14996000000 | R$ 14720000000 |
Hedge accounting (Details 3)
Hedge accounting (Details 3) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Nominal Value | R$ 273280000000 | R$ 148125000000 | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (34,000,000) | 699,000,000 | R$ 3557000000 |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (160,000,000) | (19,000,000) | |
Hedging instrument, assets | 4,556,000,000 | 7,061,000,000 | |
Hedging instrument, liabilities | 1,965,000,000 | 3,748,000,000 | |
Nominal Value | 15,924,000,000 | ||
Hedges of net investment in foreign operations [member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 9,933,000,000 | ||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectivenes | (14,996,000,000) | (14,720,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (14,836,000,000) | (14,701,000,000) | |
DDI futures contracts [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 1,673,000,000 | ||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectivenes | (5,751,000,000) | (3,252,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (5,710,000,000) | (3,241,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (41,000,000) | (11,000,000) | |
Hedging instrument, assets | 286,000,000 | ||
Nominal Value | 2,126,000,000 | ||
Non deliverable forward contract [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 5,186,000,000 | ||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectivenes | (2,521,000,000) | (3,534,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (2,411,000,000) | (3,529,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (110,000,000) | (5,000,000) | |
Hedging instrument, assets | 176,000,000 | 209,000,000 | |
Hedging instrument, liabilities | 126,000,000 | 95,000,000 | |
Nominal Value | 8,036,000,000 | ||
Financial assets held for hedging[Member] | |||
IfrsStatementLineItems [Line Items] | |||
Nominal Value | 3,074,000,000 | ||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectivenes | (6,724,000,000) | (7,934,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (6,715,000,000) | (7,931,000,000) | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (9,000,000) | (3,000,000) | |
Hedging instrument, assets | 4,380,000,000 | 6,566,000,000 | |
Hedging instrument, liabilities | R$ 1839000000 | 3,653,000,000 | |
Nominal Value | R$ 5762000000 |
Hedge accounting (Details 4)
Hedge accounting (Details 4) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | R$ 273280000000 | R$ 148125000000 |
Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Book value of the hedged item, Assets | 23,394,000,000 | 12,052,000,000 |
Fair value of the hedge item, Assets | 22,716,000,000 | 12,045,000,000 |
Variation in fair value recognized in income | 20,000,000 | 383,000,000 |
Credit derivative, nominal amount | 37,951,000,000 | 22,826,000,000 |
Variation in fair value used to calculate hedge ineffectiveness | (30,000,000) | (387,000,000) |
Hedge Of Loan Operations [Member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Book value of the hedged item, Assets | 16,031,000,000 | 8,890,000,000 |
Fair value of the hedge item, Assets | 15,582,000,000 | 8,917,000,000 |
Variation in fair value recognized in income | (449,000,000) | 27,000,000 |
Credit derivative, nominal amount | 16,031,000,000 | 8,890,000,000 |
Variation in fair value used to calculate hedge ineffectiveness | 448,000,000 | (28,000,000) |
Hedge of fair value through other comprehensive income [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedged item, liabilities | 14,603,000,000 | 11,051,000,000 |
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities | 13,905,000,000 | 10,661,000,000 |
Hedge of fair value through other comprehensive income [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Book value of the hedged item, Assets | 7,363,000,000 | 3,162,000,000 |
Fair value of the hedge item, Assets | 7,134,000,000 | 3,128,000,000 |
Variation in fair value recognized in income | (229,000,000) | (34,000,000) |
Credit derivative, nominal amount | 7,317,000,000 | 2,885,000,000 |
Variation in fair value used to calculate hedge ineffectiveness | 225,000,000 | 29,000,000 |
Hedge of fair value through other comprehensive income [member] | Hedge Of Funding [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedged item, liabilities | 14,603,000,000 | 11,051,000,000 |
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities | 13,905,000,000 | 10,661,000,000 |
Hedge Of Funding [Member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Variation in fair value recognized in income | 698,000,000 | 390,000,000 |
Credit derivative, nominal amount | 14,603,000,000 | 11,051,000,000 |
Variation in fair value used to calculate hedge ineffectiveness | (703,000,000) | (388,000,000) |
Hedged Instrumnets Impacted By Change In Interest Rates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | R$ 4349000000 | R$ 6422000000 |
Hedge accounting (Details 5)
Hedge accounting (Details 5) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | R$ 273280000000 | R$ 148125000000 |
Hedging instrument, assets | 4,556,000,000 | 7,061,000,000 |
Hedging instrument, liabilities | 1,965,000,000 | 3,748,000,000 |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (160,000,000) | (19,000,000) |
Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | 37,951,000,000 | 22,826,000,000 |
Fair value hedges [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | 37,951,000,000 | 22,826,000,000 |
Hedging instrument, assets | 1,006,000,000 | 2,000,000 |
Hedging instrument, liabilities | 929,000,000 | 551,000,000 |
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | (30,000,000) | (387,000,000) |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (10,000,000) | (4,000,000) |
Fair value hedges [member] | Interest rate risk [member] | Interest rate swap2 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | 35,091,000,000 | 22,826,000,000 |
Hedging instrument, assets | 1,002,000,000 | 2,000,000 |
Hedging instrument, liabilities | 929,000,000 | 551,000,000 |
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | (49,000,000) | (387,000,000) |
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (10,000,000) | R$ 4000000 |
Fair value hedges [member] | Interest rate risk [member] | Interest rate futures [member] | ||
IfrsStatementLineItems [Line Items] | ||
Credit derivative, nominal amount | 2,860,000,000 | |
Hedging instrument, assets | 4,000,000 | |
Hedging instrument, liabilities | ||
Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness | 19,000,000 | |
Gain (loss) on hedge ineffectiveness recognised in profit or loss |
Hedge accounting (Details 6)
Hedge accounting (Details 6) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | R$ 273280000000 | R$ 148125000000 |
Financial instruments designated as hedging instruments, at fair value | 2,407,000,000 | 2,756,000,000 |
Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 37,951,000,000 | 22,826,000,000 |
Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 14,603,000,000 | 11,051,000,000 |
Financial instruments designated as hedging instruments, at fair value | (762,000,000) | (388,000,000) |
Financial Instrument Carrying Value Of Hedged Items | 14,603,000,000 | 11,051,000,000 |
Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 225,396,000,000 | 111,412,000,000 |
Cash flow hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 7,326,000,000 | 5,779,000,000 |
Financial instruments designated as hedging instruments, at fair value | 391,000,000 | 137,000,000 |
Financial Instrument Carrying Value Of Hedged Items | 7,241,000,000 | 5,749,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 149,210,000,000 | 39,136,000,000 |
Financial instruments designated as hedging instruments, at fair value | (27,000,000) | (24,000,000) |
Financial Instrument Carrying Value Of Hedged Items | 149,300,000,000 | 39,142,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 3,288,000,000 | 131,000,000 |
Financial instruments designated as hedging instruments, at fair value | (11,000,000) | |
Financial Instrument Carrying Value Of Hedged Items | 3,283,000,000 | 131,000,000 |
Hedge Of Highly Probable Forecast Transactions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 343,000,000 | 3,508,000,000 |
Financial instruments designated as hedging instruments, at fair value | 1,000,000 | 252,000,000 |
Financial Instrument Carrying Value Of Hedged Items | 343,000,000 | 3,508,000,000 |
Hedges of net investment in foreign operations [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 9,933,000,000 | 15,924,000,000 |
Financial instruments designated as hedging instruments, at fair value | 2,591,000,000 | 3,313,000,000 |
Financial Instrument Carrying Value Of Hedged Items | 8,983,000,000 | 11,325,000,000 |
Hedge Of Loan Operations [Member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 16,031,000,000 | 8,890,000,000 |
Financial instruments designated as hedging instruments, at fair value | 820,000,000 | (28,000,000) |
Financial Instrument Carrying Value Of Hedged Items | 16,031,000,000 | 8,890,000,000 |
Hedge Of Loan Operations [Member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 3,288,000,000 | 131,000,000 |
Hedge Of Assets Transactions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 6,528,000,000 | 8,213,000,000 |
Financial instruments designated as hedging instruments, at fair value | 1,000,000 | 8,000,000 |
Financial Instrument Carrying Value Of Hedged Items | 6,894,000,000 | 8,621,000,000 |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 50,848,000,000 | 39,962,000,000 |
Financial instruments designated as hedging instruments, at fair value | 30,000,000 | 50,000,000 |
Financial Instrument Carrying Value Of Hedged Items | 52,916,000,000 | 40,526,000,000 |
Hedge Of Assets Denominated In U F [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 7,853,000,000 | 14,683,000,000 |
Financial instruments designated as hedging instruments, at fair value | (646,000,000) | (593,000,000) |
Financial Instrument Carrying Value Of Hedged Items | 7,871,000,000 | 14,558,000,000 |
Hedge Of Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Hedge instruments, Nominal Value | 7,317,000,000 | 2,885,000,000 |
Financial instruments designated as hedging instruments, at fair value | 19,000,000 | 29,000,000 |
Financial Instrument Carrying Value Of Hedged Items | R$ 7363000000 | R$ 3162000000 |
Hedge accounting (Details 7)
Hedge accounting (Details 7) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Nominal Value | R$ 273280000000 | R$ 148125000000 |
Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 37,951,000,000 | 22,826,000,000 |
Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 14,603,000,000 | 11,051,000,000 |
Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 225,396,000,000 | 111,412,000,000 |
Cash flow hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 7,326,000,000 | 5,779,000,000 |
Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 156,339,000,000 | 40,209,000,000 |
Not later than one year [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,673,000,000 | 1,206,000,000 |
Not later than one year [member] | Cash flow hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 5,776,000,000 | 2,147,000,000 |
Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 49,448,000,000 | 35,630,000,000 |
Later than one year and not later than two years [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 885,000,000 | 1,072,000,000 |
Later than one year and not later than two years [member] | Cash flow hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 578,000,000 | 3,632,000,000 |
Later than two years and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 37,090,000,000 | 30,367,000,000 |
Later than two years and not later than three years [member] | Hedge Of Assets Transactions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 6,015,000,000 | |
Later than two years and not later than three years [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,288,000,000 | 302,000,000 |
Later than four years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 9,572,000,000 | 9,111,000,000 |
Later than four years and not later than five years [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 579,000,000 | 2,920,000,000 |
Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 10,459,000,000 | 8,404,000,000 |
Later than five years and not later than ten years [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 4,981,000,000 | 3,916,000,000 |
Later than five years and not later than ten years [member] | Cash flow hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 297,000,000 | |
Later than three years and not later than four years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 7,570,000,000 | 23,042,000,000 |
Later than three years and not later than four years [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 3,091,000,000 | 273,000,000 |
Later than three years and not later than four years [member] | Cash flow hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 675,000,000 | |
Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 2,802,000,000 | 1,362,000,000 |
Hedge fund investments [member] | Fair value hedges [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 2,106,000,000 | 1,362,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 149,210,000,000 | 39,136,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 3,288,000,000 | 131,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 108,499,000,000 | 1,284,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 26,120,000,000 | 9,453,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Later than two years and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 9,110,000,000 | 14,221,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Later than four years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 4,726,000,000 | 5,332,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 755,000,000 | 1,533,000,000 |
Hedge Of Deposits And Repurchase Agreements [Member] | Later than three years and not later than four years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 7,313,000,000 | |
Hedge Of Highly Probable Forecast Transactions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 343,000,000 | 3,508,000,000 |
Hedge Of Highly Probable Forecast Transactions [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 343,000,000 | 3,508,000,000 |
Hedges of net investment in foreign operations [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 9,933,000,000 | 15,924,000,000 |
Hedges of net investment in foreign operations [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 9,933,000,000 | 13,888,000,000 |
Hedge Of Loan Operations [Member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 16,031,000,000 | 8,890,000,000 |
Hedge Of Loan Operations [Member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 3,288,000,000 | 131,000,000 |
Hedge Of Loan Operations [Member] | Not later than one year [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 2,351,000,000 | 3,377,000,000 |
Hedge Of Loan Operations [Member] | Not later than one year [member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 131,000,000 | |
Hedge Of Loan Operations [Member] | Later than one year and not later than two years [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 3,395,000,000 | 1,522,000,000 |
Hedge Of Loan Operations [Member] | Later than one year and not later than two years [member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,577,000,000 | |
Hedge Of Loan Operations [Member] | Later than two years and not later than three years [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,244,000,000 | 797,000,000 |
Hedge Of Loan Operations [Member] | Later than two years and not later than three years [member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,161,000,000 | |
Hedge Of Loan Operations [Member] | Later than four years and not later than five years [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 2,749,000,000 | 809,000,000 |
Hedge Of Loan Operations [Member] | Later than four years and not later than five years [member] | Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 550,000,000 | |
Hedge Of Loan Operations [Member] | Later than five years and not later than ten years [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 3,753,000,000 | 1,547,000,000 |
Hedge Of Loan Operations [Member] | Later than three years and not later than four years [member] | Fair value hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 2,539,000,000 | 838,000,000 |
Hedge Of Assets Transactions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 6,528,000,000 | 8,213,000,000 |
Hedge Of Assets Transactions [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 2,198,000,000 | |
Hedge Of Assets Transactions [Member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 6,528,000,000 | |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 50,848,000,000 | 39,962,000,000 |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 16,696,000,000 | 2,322,000,000 |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 9,705,000,000 | 14,963,000,000 |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | Later than two years and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 22,740,000,000 | 8,976,000,000 |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | Later than four years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 622,000,000 | |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 603,000,000 | |
Hedge Of Asset Backed Securities Under Repurchase Agreements [Member] | Later than three years and not later than four years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,085,000,000 | 13,098,000,000 |
Hedge Of Assets Denominated In U F [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 7,853,000,000 | 14,683,000,000 |
Hedge Of Assets Denominated In U F [Member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 7,853,000,000 | 10,148,000,000 |
Hedge Of Assets Denominated In U F [Member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 4,535,000,000 | |
Hedge of fair value through other comprehensive income [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 7,317,000,000 | 2,884,000,000 |
Hedge of fair value through other comprehensive income [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 3,215,000,000 | |
Hedge of fair value through other comprehensive income [member] | Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 660,000,000 | 453,000,000 |
Hedge of fair value through other comprehensive income [member] | Later than two years and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 1,547,000,000 | 56,000,000 |
Hedge of fair value through other comprehensive income [member] | Later than four years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 346,000,000 | 50,000,000 |
Hedge of fair value through other comprehensive income [member] | Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 673,000,000 | 805,000,000 |
Hedge of fair value through other comprehensive income [member] | Later than three years and not later than four years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | 180,000,000 | 1,520,000,000 |
Hedge of fair value through other comprehensive income [member] | Hedge fund investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | R$ 696000000 | |
Hedges Of Net Investment In Foreign Operation [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Nominal Value | R$ 13888000000 |
Hedge accounting (Details Narra
Hedge accounting (Details Narrative) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Description of type of hedge | There are three types of hedge relations: Fair value hedge, Cash flow hedge and Hedge of net investment in foreign operations. | |
Risk factor designated coverage ratio | 100% | |
Balance reserve in cash flow hedge for which hedge accounting is no longer applied | R$ 187000000 | R$ 555000000 |
Reversal of hedging | 7,049,000,000 | 11,752,000,000 |
Foreign currency conversion reserve | R$ 3116000000 | (5,265,000,000) |
Fair value of hedge securities, other comprehensive income | 125 | |
Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Reversal of hedging | R$ 8001 |
Financial assets at fair valu_9
Financial assets at fair value through other comprehensive income - Securities (Details) - BRL (R$) R$ in Millions | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | R$ 128014 | R$ 128014 | R$ 108555 |
Fair value adjustments (in stockholders' equity) | (6,848) | (2,849) | |
Fair value | 121,052 | 121,052 | 105,622 |
Expected loss | (114) | (84) | |
Financial assets at fair value through other comprehensive income-Securities pledged in guarantee of funding transactions of financial institutions and clients | 58,300 | 58,300 | 46,723 |
Brazilian government securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 73,554 | 73,554 | 71,298 |
Fair value adjustments (in stockholders' equity) | (2,571) | (1,656) | |
Fair value | 70,983 | 70,983 | 69,642 |
Financial assets at fair value through other comprehensive income-Securities pledged in guarantee of funding transactions of financial institutions and clients | 50,918 | 50,918 | 43,560 |
Brazilian government securities [member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 36 | 36 | 36 |
Expected loss | (36) | (36) | |
Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 38,397 | 38,397 | 30,507 |
Fair value adjustments (in stockholders' equity) | (486) | (313) | |
Fair value | 37,910 | 37,910 | 30,194 |
Expected loss | (1) | ||
Financial assets at fair value through other comprehensive income-Securities pledged in guarantee of funding transactions of financial institutions and clients | 6,662 | 6,662 | 2,385 |
Government Securities [member] | Argentina [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 2,791 | 2,791 | 409 |
Fair value adjustments (in stockholders' equity) | (11) | (4) | |
Fair value | 2,780 | 2,780 | 405 |
Government Securities [member] | Colombia [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 1,766 | 1,766 | 1,942 |
Fair value adjustments (in stockholders' equity) | (284) | (95) | |
Fair value | 1,482 | 1,482 | 1,847 |
Government Securities [member] | Chile [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 18,358 | 18,358 | 19,885 |
Fair value adjustments (in stockholders' equity) | (129) | (151) | |
Fair value | 18,229 | 18,229 | 19,734 |
Government Securities [member] | United States [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 9,104 | 9,104 | 4,520 |
Fair value adjustments (in stockholders' equity) | (49) | (2) | |
Fair value | 9,055 | 9,055 | 4,518 |
Government Securities [member] | Mexico [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 760 | 760 | 1,028 |
Fair value adjustments (in stockholders' equity) | (3) | (6) | |
Fair value | 757 | 757 | 1,022 |
Government Securities [member] | Paraguay [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 3,362 | 3,362 | 1,516 |
Fair value adjustments (in stockholders' equity) | 3 | (57) | |
Fair value | 3,364 | 3,364 | 1,459 |
Expected loss | (1) | ||
Government Securities [member] | Switzerland [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 1,356 | 1,356 | |
Fair value adjustments (in stockholders' equity) | (11) | ||
Fair value | 1,345 | 1,345 | |
Government Securities [member] | Uruguay [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 900 | 900 | 1,207 |
Fair value adjustments (in stockholders' equity) | (2) | 2 | |
Fair value | 898 | 898 | 1,209 |
Corporate Debt Securitie [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 16,027 | 16,027 | 6,714 |
Fair value adjustments (in stockholders' equity) | (3,791) | (880) | |
Fair value | 12,159 | 12,159 | 5,786 |
Expected loss | (77) | (48) | |
Corporate Debt Securitie [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 707 | 707 | 57 |
Fair value adjustments (in stockholders' equity) | (8) | 3 | |
Fair value | 695 | 695 | 57 |
Expected loss | (4) | (3) | |
Corporate Debt Securitie [Member] | Shares [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 8,571 | 8,571 | 1,629 |
Fair value adjustments (in stockholders' equity) | (3,686) | (886) | |
Fair value | 4,885 | 4,885 | 743 |
Corporate Debt Securitie [Member] | Rural Product Note [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 373 | 373 | |
Fair value adjustments (in stockholders' equity) | 18 | ||
Fair value | 390 | 390 | |
Expected loss | (1) | ||
Corporate Debt Securitie [Member] | Bank Deposit Certificates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 714 | 714 | 132 |
Fair value adjustments (in stockholders' equity) | (1) | ||
Fair value | 714 | 714 | 131 |
Corporate Debt Securitie [Member] | Debentures [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 1,231 | 1,231 | 392 |
Fair value adjustments (in stockholders' equity) | (3) | 3 | |
Fair value | 1,183 | 1,183 | 351 |
Expected loss | (45) | (44) | |
Corporate Debt Securitie [Member] | Eurobonds and others [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 4,418 | 4,418 | 4,498 |
Fair value adjustments (in stockholders' equity) | (112) | 1 | |
Fair value | 4,279 | 4,279 | 4,498 |
Expected loss | (27) | (1) | |
Corporate Debt Securitie [Member] | Financial bills [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Gross carrying amount | 13 | 13 | 6 |
Fair value | 13 | 13 | 6 |
Corporate Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at fair value through other comprehensive income-Securities pledged in guarantee of funding transactions of financial institutions and clients | R$ 720 | R$ 720 | R$ 778 |
Financial assets at fair val_10
Financial assets at fair value through other comprehensive income - Securities (Details 1) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Gross carrying amount | R$ 59191 | R$ 27398 |
Current Fair value | 55,405 | 26,428 |
Non-current gross carrying amount | 68,823 | 81,157 |
Non-current fair value | 65,647 | 79,194 |
Gross carrying amount | 128,014 | 108,555 |
Fair value | 121,052 | 105,622 |
Non-stated maturity [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross carrying amount | 8,571 | 1,629 |
Current Fair value | 4,885 | 743 |
Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross carrying amount | 50,620 | 25,769 |
Current Fair value | 50,520 | 25,685 |
Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Non-current gross carrying amount | 48,593 | 64,034 |
Non-current fair value | 47,249 | 63,256 |
Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Non-current gross carrying amount | 14,456 | 12,017 |
Non-current fair value | 13,543 | 11,557 |
Later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Non-current gross carrying amount | 5,774 | 5,106 |
Non-current fair value | R$ 4855 | R$ 4381 |
Financial assets at fair val_11
Financial assets at fair value through other comprehensive income - Securities (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Gross carrying amount | R$ 8571 | R$ 1629 |
Adjustments to fair value (in Stockholders' equity) | (3,686) | (886) |
Fair Value | 4,885 | 743 |
Negotiable shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross carrying amount | 8,571 | 1,629 |
Adjustments to fair value (in Stockholders' equity) | (3,686) | (886) |
Fair Value | R$ 4885 | R$ 743 |
Financial assets at fair val_12
Financial assets at fair value through other comprehensive income - Securities (Details 3) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Gains / (Losses) | R$ 1534 | R$ 2086 | R$ 1107 |
Level 1 of fair value hierarchy [member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (84) | (93) | |
Gains / (Losses) | (14) | 3 | |
Purchases | (16) | (2) | |
Expected loss, ending balance | (114) | (84) | (93) |
Settlements | 8 | ||
Level 1 of fair value hierarchy [member] | Brazilian government securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (36) | (36) | |
Expected loss, ending balance | (36) | (36) | (36) |
Level 1 of fair value hierarchy [member] | Brazilian government securities [member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (36) | (36) | |
Expected loss, ending balance | (36) | (36) | (36) |
Level 1 of fair value hierarchy [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (1) | ||
Gains / (Losses) | 1 | ||
Purchases | (1) | ||
Expected loss, ending balance | (1) | (1) | |
Level 1 of fair value hierarchy [member] | Corporate Debt Securitie [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (48) | (56) | |
Gains / (Losses) | (14) | 2 | |
Purchases | (15) | (2) | |
Expected loss, ending balance | (77) | (48) | (56) |
Settlements | 8 | ||
Level 1 of fair value hierarchy [member] | Corporate Debt Securitie [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (3) | (3) | |
Gains / (Losses) | 1 | ||
Purchases | (2) | ||
Expected loss, ending balance | (4) | (3) | (3) |
Level 1 of fair value hierarchy [member] | Corporate Debt Securitie [Member] | Rural Product Note [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | |||
Gains / (Losses) | (1) | ||
Expected loss, ending balance | (1) | ||
Level 1 of fair value hierarchy [member] | Corporate Debt Securitie [Member] | Debentures [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (44) | (44) | |
Gains / (Losses) | (1) | ||
Expected loss, ending balance | (45) | (44) | (44) |
Level 1 of fair value hierarchy [member] | Corporate Debt Securitie [Member] | Eurobonds and others [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss, beginning balance | (1) | (9) | |
Gains / (Losses) | (13) | 2 | |
Purchases | (13) | (2) | |
Expected loss, ending balance | R$ 27 | (1) | R$ 9 |
Settlements | R$ 8 |
Financial assets at amortized_3
Financial assets at amortized cost - Securities (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
IfrsStatementLineItems [Line Items] | |||
Amortized cost | R$ 1586992 | R$ 1375782 | |
Securities Pledged as Collateral of Funding Transactions of Financial Institutions and Clients | 36,357 | 23,928 | |
Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities Pledged as Collateral of Funding Transactions of Financial Institutions and Clients | 23,639 | 12,570 | |
Government Securities [member] | Chile [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss | R$ 1 | ||
Government Securities [member] | Korea [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss | 2 | 4 | |
Government Securities [member] | Spain [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Expected loss | 2 | 1 | R$ 3 |
Corporate Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities Pledged as Collateral of Funding Transactions of Financial Institutions and Clients | 12,718 | 11,358 | |
Financial assets securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 219,315 | 147,746 | |
Expected loss | (2,038) | (1,948) | |
Net amortized cost | 217,277 | 145,798 | |
Financial assets securities [Member] | Brazilian government securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 91,810 | 68,045 | |
Expected loss | (30) | (37) | |
Net amortized cost | 91,780 | 68,008 | |
Financial assets securities [Member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 39,243 | 24,888 | |
Expected loss | (11) | (7) | |
Net amortized cost | 39,232 | 24,881 | |
Financial assets securities [Member] | Government Securities [member] | Colombia [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 820 | 925 | |
Expected loss | (1) | (1) | |
Net amortized cost | 819 | 924 | |
Financial assets securities [Member] | Government Securities [member] | Chile [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 4,805 | 828 | |
Net amortized cost | 4,805 | 828 | |
Financial assets securities [Member] | Government Securities [member] | Korea [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 10,365 | 5,604 | |
Expected loss | (2) | ||
Net amortized cost | 10,363 | 5,604 | |
Financial assets securities [Member] | Government Securities [member] | Spain [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 9,924 | 6,132 | |
Expected loss | (2) | (1) | |
Net amortized cost | 9,922 | 6,131 | |
Financial assets securities [Member] | Government Securities [member] | Mexico [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 13,246 | 11,377 | |
Expected loss | (6) | (5) | |
Net amortized cost | 13,240 | 11,372 | |
Financial assets securities [Member] | Government Securities [member] | Paraguay [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 59 | ||
Net amortized cost | 59 | ||
Financial assets securities [Member] | Government Securities [member] | Uruguay [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 24 | 22 | |
Net amortized cost | 24 | 22 | |
Financial assets securities [Member] | Corporate Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 88,262 | 54,813 | |
Expected loss | (1,997) | (1,904) | |
Net amortized cost | 86,265 | 52,909 | |
Financial assets securities [Member] | Corporate Securities [Member] | Rural Product Note [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 26,129 | 5,906 | |
Expected loss | (140) | (14) | |
Net amortized cost | 25,989 | 5,892 | |
Financial assets securities [Member] | Corporate Securities [Member] | Bank Deposit Certificates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 98 | 110 | |
Expected loss | (1) | ||
Net amortized cost | 98 | 109 | |
Financial assets securities [Member] | Corporate Securities [Member] | Real Estate Receivables Certificates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 5,738 | 3,988 | |
Expected loss | (4) | (1) | |
Net amortized cost | 5,734 | 3,987 | |
Financial assets securities [Member] | Corporate Securities [Member] | Debentures [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 47,785 | 39,403 | |
Expected loss | (1,835) | (1,883) | |
Net amortized cost | 45,950 | 37,520 | |
Financial assets securities [Member] | Corporate Securities [Member] | Eurobonds and others [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 118 | 457 | |
Expected loss | (2) | ||
Net amortized cost | 118 | 455 | |
Financial assets securities [Member] | Corporate Securities [Member] | Financial bills [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 113 | 51 | |
Net amortized cost | 113 | 51 | |
Financial assets securities [Member] | Corporate Securities [Member] | Promissory And Commercial Notes [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 7,363 | 4,219 | |
Expected loss | (13) | (2) | |
Net amortized cost | 7,350 | 4,217 | |
Financial assets securities [Member] | Corporate Securities [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Amortized cost | 918 | 679 | |
Expected loss | (5) | (1) | |
Net amortized cost | R$ 913 | R$ 678 |
Financial assets at amortized_4
Financial assets at amortized cost - Securities (Details 1) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Amortized cost | R$ 1586992 | R$ 1375782 |
Financial assets securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 219,315 | 147,746 |
Fair Value | 217,277 | 145,798 |
Financial assets securities [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 62,237 | 45,353 |
Fair Value | 61,640 | 45,169 |
Financial assets securities [Member] | Current [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 62,237 | 45,353 |
Fair Value | 61,640 | 45,169 |
Financial assets securities [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 157,078 | 102,393 |
Fair Value | 155,637 | 100,629 |
Financial assets securities [Member] | Non current [member] | Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 108,445 | 70,924 |
Fair Value | 107,906 | 69,965 |
Financial assets securities [Member] | Non current [member] | Later than five years and not later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 41,528 | 26,404 |
Fair Value | 40,627 | 25,600 |
Financial assets securities [Member] | Non current [member] | Later than ten years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 7,105 | 5,065 |
Fair Value | R$ 7104 | R$ 5064 |
Financial assets at amortized_5
Financial assets at amortized cost - Securities (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Gains / (Losses) | R$ 114 | R$ 84 |
Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gains / (Losses) | (1) | |
Korea [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (4) | |
Expected loss | (2) | |
Spain [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1) | (3) |
Expected loss | (2) | (1) |
Chile [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1) | |
Expected loss | ||
Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (74) | (185) |
Gains / (Losses) | (80) | 188 |
Purchases | (149) | (147) |
Settlements | 42 | 70 |
Transfer to Stage 2 | 53 | |
Transfer to Stage 3 | 3 | |
Cure from Stage 2 | (3) | |
Expected loss | (208) | (74) |
Transfer to Stage 3 | (3) | |
Settlements | (42) | (70) |
Transfer to Stage 2 | (53) | |
Stage One [member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (7) | (14) |
Gains / (Losses) | 8 | 37 |
Purchases | (18) | (36) |
Settlements | 6 | 6 |
Expected loss | (11) | (7) |
Settlements | (6) | (6) |
Stage One [member] | Corporate Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (30) | (127) |
Gains / (Losses) | (95) | 144 |
Purchases | (131) | (111) |
Settlements | 36 | 64 |
Transfer to Stage 2 | 53 | |
Transfer to Stage 3 | 3 | |
Cure from Stage 2 | (3) | |
Expected loss | (167) | (30) |
Transfer to Stage 3 | (3) | |
Settlements | (36) | (64) |
Transfer to Stage 2 | (53) | |
Stage One [member] | Corporate Securities [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (5) | (23) |
Gains / (Losses) | (65) | 39 |
Purchases | (64) | (24) |
Settlements | 8 | 3 |
Transfer to Stage 2 | 21 | |
Transfer to Stage 3 | 3 | |
Cure from Stage 2 | (3) | |
Expected loss | (105) | (5) |
Transfer to Stage 3 | (3) | |
Settlements | (8) | (3) |
Transfer to Stage 2 | (21) | |
Stage One [member] | Corporate Securities [Member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1) | |
Gains / (Losses) | 1 | 1 |
Purchases | (10) | |
Settlements | 8 | |
Expected loss | (1) | |
Settlements | (8) | |
Stage One [member] | Corporate Securities [Member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1) | (8) |
Gains / (Losses) | 14 | 6 |
Purchases | (19) | |
Settlements | 2 | 1 |
Expected loss | (4) | (1) |
Settlements | (2) | (1) |
Stage One [member] | Corporate Securities [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (18) | (78) |
Gains / (Losses) | (42) | 74 |
Purchases | (31) | (52) |
Settlements | 15 | 38 |
Transfer to Stage 2 | 32 | |
Expected loss | (44) | (18) |
Settlements | (15) | (38) |
Transfer to Stage 2 | (32) | |
Stage One [member] | Corporate Securities [Member] | Eurobonds and others [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (2) | (1) |
Gains / (Losses) | 8 | |
Purchases | (20) | |
Settlements | 2 | 11 |
Expected loss | (2) | |
Settlements | (2) | (11) |
Stage One [member] | Corporate Securities [Member] | Promissory And Commercial Notes [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (2) | |
Gains / (Losses) | (1) | |
Purchases | (14) | |
Settlements | 4 | |
Expected loss | (13) | (2) |
Settlements | (4) | |
Stage One [member] | Corporate Securities [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1) | (7) |
Gains / (Losses) | (2) | 6 |
Purchases | (3) | |
Settlements | 5 | |
Expected loss | (1) | (1) |
Settlements | (5) | |
Stage One [member] | Corporate Securities [Member] | Promissory Notes [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (2) | (10) |
Gains / (Losses) | 10 | |
Purchases | (5) | |
Settlements | 3 | |
Expected loss | (2) | |
Settlements | (3) | |
Stage One [member] | Brazil [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (37) | (44) |
Gains / (Losses) | 7 | 7 |
Expected loss | (30) | (37) |
Stage One [member] | Colombia [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1) | |
Gains / (Losses) | 1 | 4 |
Purchases | (1) | (6) |
Settlements | (1) | |
Expected loss | (1) | (1) |
Settlements | 1 | |
Stage One [member] | Korea [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gains / (Losses) | (2) | 7 |
Purchases | (3) | |
Stage One [member] | Spain [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gains / (Losses) | 6 | |
Purchases | (1) | (5) |
Settlements | (1) | |
Settlements | 1 | |
Stage One [member] | Mexico [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (5) | (6) |
Gains / (Losses) | 9 | 19 |
Purchases | (16) | (22) |
Settlements | 6 | (4) |
Expected loss | (6) | (5) |
Settlements | (6) | 4 |
Stage One [member] | Chile [Member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gains / (Losses) | 1 | |
Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (38) | (53) |
Gains / (Losses) | (136) | 19 |
Purchases | (3) | (20) |
Settlements | 104 | 16 |
Transfer to Stage 3 | (9) | |
Expected loss | (114) | (38) |
Cure from Stage 1 | 3 | |
Transfer to Stage 3 | 9 | |
Transfer to Stage 1 | (53) | |
Settlements | (104) | (16) |
Stage Two [Member] | Corporate Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (38) | (53) |
Gains / (Losses) | (136) | 19 |
Purchases | (3) | (20) |
Settlements | 104 | 16 |
Transfer to Stage 3 | (9) | |
Expected loss | (114) | (38) |
Cure from Stage 1 | 3 | |
Transfer to Stage 3 | 9 | |
Transfer to Stage 1 | (53) | |
Settlements | (104) | (16) |
Stage Two [Member] | Corporate Securities [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (2) | |
Gains / (Losses) | (12) | 2 |
Purchases | (3) | |
Transfer to Stage 3 | (9) | |
Expected loss | (24) | |
Cure from Stage 1 | 3 | |
Transfer to Stage 3 | 9 | |
Transfer to Stage 1 | (21) | |
Stage Two [Member] | Corporate Securities [Member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (4) | |
Settlements | (4) | |
Settlements | 4 | |
Stage Two [Member] | Corporate Securities [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (38) | (47) |
Gains / (Losses) | (120) | 17 |
Settlements | (104) | (12) |
Expected loss | (86) | (38) |
Transfer to Stage 1 | (32) | |
Settlements | 104 | 12 |
Stage Two [Member] | Corporate Securities [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gains / (Losses) | (4) | |
Expected loss | (4) | |
Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1,836) | (2,827) |
Gains / (Losses) | (244) | 610 |
Purchases | (27) | (51) |
Settlements | 403 | 432 |
Transfer to Stage 2 | 9 | |
Expected loss | (1,716) | (1,836) |
Transfer to Stage 1 | (3) | |
Settlements | (403) | (432) |
Transfer to Stage 2 | (9) | |
Stage three [Member] | Corporate Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1,836) | (2,827) |
Gains / (Losses) | (244) | 610 |
Purchases | (27) | (51) |
Settlements | 403 | 432 |
Transfer to Stage 2 | 9 | |
Expected loss | (1,716) | (1,836) |
Transfer to Stage 1 | (3) | |
Settlements | (403) | (432) |
Transfer to Stage 2 | (9) | |
Stage three [Member] | Corporate Securities [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (9) | |
Gains / (Losses) | 7 | 6 |
Purchases | (6) | (15) |
Settlements | (9) | |
Transfer to Stage 2 | 9 | |
Expected loss | (11) | (9) |
Transfer to Stage 1 | (3) | |
Settlements | 9 | |
Transfer to Stage 2 | (9) | |
Stage three [Member] | Corporate Securities [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected loss | (1,827) | (2,827) |
Gains / (Losses) | (251) | 604 |
Purchases | (21) | (36) |
Settlements | (394) | (432) |
Expected loss | (1,705) | (1,827) |
Settlements | R$ 394 | R$ 432 |
Financial assets at amortized_6
Financial assets at amortized cost - Securities (Details Narrative) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2023 | |
Financial Assets At Amortized Cost - Securities | ||
Amortized Cost | R$ 5069 | |
Fair value of reclassified assets | R$ 4780 | |
Other Comprehensive Income | R$ 82 |
Loan and lease operations (Deta
Loan and lease operations (Details) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | R$ 909422 | R$ 822590 |
Provision for Expected Loss | (52,324) | (44,316) |
Total loans and lease operations, net of Expected Credit Loss | 857,098 | 778,274 |
Provision for Expected Loss | 50,687 | 41,079 |
Commitments released | 2,874 | 4,433 |
Largest debtor [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by concentration | 5,916 | 6,414 |
Ten largest debtors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by concentration | 33,265 | 33,694 |
Twenty largest debtors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by concentration | 50,714 | 49,541 |
Fifty largest debtors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by concentration | 85,427 | 79,403 |
One hundred largest debtors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by concentration | 118,015 | 111,116 |
Overdue as from 1 day [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 30,656 | 20,960 |
Falling due up to 3 months [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 247,233 | 211,329 |
Falling due more than 3 months but less than 1 year [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 228,942 | 205,119 |
Falling due after 1 year [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 402,591 | 385,182 |
Financial guarantees pledged [member] | ||
IfrsStatementLineItems [Line Items] | ||
Provision for Expected Loss | 810 | 767 |
Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 139,268 | 135,034 |
Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 164,896 | 149,970 |
Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 205,155 | 205,050 |
Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 400,103 | 332,536 |
Individuals [member] | Vehicles [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 31,606 | 29,621 |
Individuals [member] | Credit Cards [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 135,855 | 112,809 |
Individuals [member] | Personal loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 53,945 | 42,235 |
Individuals [member] | Payroll loans [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | 73,633 | 63,416 |
Individuals [member] | Mortgages [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations by type | R$ 105064 | R$ 84455 |
Loan and lease operations (De_2
Loan and lease operations (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Beginning balance | R$ 41079 | |
Closing balance | 50,687 | R$ 41079 |
Allowance account for credit losses of financial assets | 50,687 | 41,079 |
Expected loan losses for financial guarantees pledged | 29,875 | |
London Interbank Offered Rates Libor [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Closing balance | 14,052 | |
Allowance account for credit losses of financial assets | 14,052 | |
Stage One [member] | Loans to corporate entities [member] | Gross carrying amount [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 128,519 | |
Closing balance | 128,519 | |
Gross carrying amount [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 822,590 | |
Acquisition / (Settlement) | (106,974) | |
Closing balance | 909,422 | 822,590 |
Derecognition | (20,142) | |
Acquisition / (Settlement) | 106,974 | |
Allowance account for credit losses of financial assets | 909,422 | 822,590 |
Beginning balance | 822,590 | 714,104 |
Closing balance | 822,590 | |
Gross carrying amount [member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 135,034 | |
Acquisition / (Settlement) | 5,056 | 823 |
Closing balance | 139,268 | 135,034 |
Derecognition | (822) | (310) |
Acquisition / (Settlement) | (5,056) | (823) |
Allowance account for credit losses of financial assets | 139,268 | 135,034 |
Beginning balance | 135,034 | 134,521 |
Closing balance | 135,034 | |
Gross carrying amount [member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 149,970 | |
Acquisition / (Settlement) | 18,587 | 30,369 |
Closing balance | 164,896 | 149,970 |
Derecognition | (3,661) | (2,354) |
Acquisition / (Settlement) | (18,587) | (30,369) |
Allowance account for credit losses of financial assets | 164,896 | 149,970 |
Beginning balance | 149,970 | 121,955 |
Closing balance | 149,970 | |
Gross carrying amount [member] | Foreign Loans [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 205,050 | |
Acquisition / (Settlement) | 1,888 | |
Closing balance | 205,155 | 205,050 |
Derecognition | (1,783) | |
Acquisition / (Settlement) | (1,888) | |
Allowance account for credit losses of financial assets | 205,155 | 205,050 |
Gross carrying amount [member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Acquisition / (Settlement) | 7,939 | |
Derecognition | (5,034) | |
Acquisition / (Settlement) | (7,939) | |
Beginning balance | 205,050 | 202,145 |
Closing balance | 205,050 | |
Gross carrying amount [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 702,164 | |
Transfer to Stage 2 | (92,275) | |
Transfer to Stage 3 | (7,940) | |
Cure from Stage 2 | 48,892 | |
Cure from Stage 3 | 387 | |
Acquisition / (Settlement) | 112,324 | |
Closing balance | 763,552 | 702,164 |
Transfer to Stage 3 | 7,940 | |
Cure from Stage 2 | (48,892) | |
Transfer to Stage 2 | 92,275 | |
Acquisition / (Settlement) | (112,324) | |
Allowance account for credit losses of financial assets | 763,552 | 702,164 |
Beginning balance | 702,164 | 587,208 |
Transfer to Stage 2 | (53,989) | |
Transfer to Stage 3 | (3,661) | |
Cure from Stage 2 | 29,550 | |
Net increase / (Reversal) | 142,399 | |
Closing balance | 702,164 | |
Cure from Stage 3 | 657 | |
Gross carrying amount [member] | Stage One [member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 128,519 | |
Transfer to Stage 2 | (626) | |
Transfer to Stage 3 | (2,360) | |
Cure from Stage 2 | 1,098 | |
Cure from Stage 3 | 137 | |
Acquisition / (Settlement) | 6,437 | |
Closing balance | 133,205 | 128,519 |
Transfer to Stage 3 | 2,360 | |
Cure from Stage 2 | (1,098) | |
Transfer to Stage 2 | 626 | |
Acquisition / (Settlement) | (6,437) | |
Allowance account for credit losses of financial assets | 133,205 | 128,519 |
Beginning balance | 123,665 | |
Transfer to Stage 2 | (865) | |
Transfer to Stage 3 | (109) | |
Cure from Stage 2 | 1,338 | |
Net increase / (Reversal) | 4,447 | |
Cure from Stage 3 | 43 | |
Gross carrying amount [member] | Stage One [member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 124,555 | |
Transfer to Stage 2 | (18,158) | |
Transfer to Stage 3 | (1,600) | |
Cure from Stage 2 | 16,215 | |
Cure from Stage 3 | 170 | |
Acquisition / (Settlement) | 21,439 | |
Closing balance | 142,621 | 124,555 |
Transfer to Stage 3 | 1,600 | |
Cure from Stage 2 | (16,215) | |
Transfer to Stage 2 | 18,158 | |
Acquisition / (Settlement) | (21,439) | |
Allowance account for credit losses of financial assets | 142,621 | 124,555 |
Beginning balance | 124,555 | 96,784 |
Transfer to Stage 2 | (14,019) | |
Transfer to Stage 3 | (960) | |
Cure from Stage 2 | 9,630 | |
Net increase / (Reversal) | 32,974 | |
Closing balance | 124,555 | |
Cure from Stage 3 | 146 | |
Gross carrying amount [member] | Stage One [member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 178,719 | |
Transfer to Stage 2 | (7,720) | |
Transfer to Stage 3 | (1,014) | |
Cure from Stage 2 | 2,426 | |
Cure from Stage 3 | 19 | |
Acquisition / (Settlement) | 10,086 | |
Closing balance | 182,516 | 178,719 |
Transfer to Stage 3 | 1,014 | |
Cure from Stage 2 | (2,426) | |
Transfer to Stage 2 | 7,720 | |
Acquisition / (Settlement) | (10,086) | |
Allowance account for credit losses of financial assets | 182,516 | 178,719 |
Beginning balance | 178,719 | 167,601 |
Transfer to Stage 2 | (8,527) | |
Transfer to Stage 3 | (929) | |
Cure from Stage 2 | 5,794 | |
Net increase / (Reversal) | 14,312 | |
Closing balance | 178,719 | |
Cure from Stage 3 | 468 | |
Gross carrying amount [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 69,906 | |
Transfer to Stage 3 | 20,912 | |
Cure from Stage 3 | 3,409 | |
Acquisition / (Settlement) | (9,084) | |
Closing balance | 86,702 | 69,906 |
Cure from Stage 1 | 48,892 | |
Transfer to Stage 1 | (92,275) | |
Cure from Stage 1 | (48,892) | |
Transfer to Stage 3 | (20,912) | |
Transfer to Stage 1 | 92,275 | |
Acquisition / (Settlement) | 9,084 | |
Allowance account for credit losses of financial assets | 86,702 | 69,906 |
Beginning balance | 69,906 | 66,243 |
Transfer to Stage 2 | (29,550) | |
Transfer to Stage 3 | (13,886) | |
Cure from Stage 2 | 53,989 | |
Net increase / (Reversal) | (9,752) | |
Closing balance | 69,906 | |
Cure from Stage 3 | 2,862 | |
Gross carrying amount [member] | Stage Two [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 1,600 | |
Transfer to Stage 3 | (173) | |
Cure from Stage 3 | 19 | |
Acquisition / (Settlement) | (73) | |
Closing balance | 901 | 1,600 |
Cure from Stage 1 | (1,098) | |
Transfer to Stage 1 | 626 | |
Cure from Stage 1 | 1,098 | |
Transfer to Stage 3 | 173 | |
Transfer to Stage 1 | (626) | |
Acquisition / (Settlement) | 73 | |
Allowance account for credit losses of financial assets | 901 | 1,600 |
Beginning balance | 1,600 | 2,793 |
Transfer to Stage 2 | (1,338) | |
Transfer to Stage 3 | (182) | |
Cure from Stage 2 | 865 | |
Net increase / (Reversal) | (558) | |
Closing balance | 1,600 | |
Cure from Stage 3 | 20 | |
Gross carrying amount [member] | Stage Two [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 16,749 | |
Transfer to Stage 3 | (4,310) | |
Cure from Stage 3 | 1,167 | |
Acquisition / (Settlement) | (3,250) | |
Closing balance | 12,299 | 16,749 |
Cure from Stage 1 | (16,215) | |
Transfer to Stage 1 | 18,158 | |
Cure from Stage 1 | 16,215 | |
Transfer to Stage 3 | 4,310 | |
Transfer to Stage 1 | (18,158) | |
Acquisition / (Settlement) | 3,250 | |
Allowance account for credit losses of financial assets | 12,299 | 16,749 |
Beginning balance | 16,749 | 15,965 |
Transfer to Stage 2 | (9,630) | |
Transfer to Stage 3 | (2,867) | |
Cure from Stage 2 | 14,019 | |
Net increase / (Reversal) | (1,480) | |
Closing balance | 16,749 | |
Cure from Stage 3 | 742 | |
Gross carrying amount [member] | Stage Two [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 13,389 | |
Transfer to Stage 3 | (3,388) | |
Cure from Stage 3 | 831 | |
Acquisition / (Settlement) | (2,263) | |
Closing balance | 13,863 | 13,389 |
Cure from Stage 1 | (2,426) | |
Transfer to Stage 1 | 7,720 | |
Cure from Stage 1 | 2,426 | |
Transfer to Stage 3 | 3,388 | |
Transfer to Stage 1 | (7,720) | |
Acquisition / (Settlement) | 2,263 | |
Allowance account for credit losses of financial assets | 13,863 | 13,389 |
Beginning balance | 13,389 | 16,692 |
Transfer to Stage 2 | (5,794) | |
Transfer to Stage 3 | (3,630) | |
Cure from Stage 2 | 8,527 | |
Net increase / (Reversal) | (3,365) | |
Closing balance | 13,389 | |
Cure from Stage 3 | 959 | |
Gross carrying amount [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 50,520 | |
Transfer to Stage 2 | (20,912) | |
Cure from Stage 2 | 3,409 | |
Acquisition / (Settlement) | (3,734) | (126,493) |
Closing balance | 59,168 | 50,520 |
Cure from Stage 1 | 387 | |
Transfer to Stage 1 | (7,940) | |
Cure from Stage 1 | (387) | |
Transfer to Stage 1 | 7,940 | |
Derecognition | (20,142) | (18,007) |
Cure from Stage 2 | (3,409) | |
Transfer to Stage 2 | 20,912 | |
Acquisition / (Settlement) | 3,734 | 126,493 |
Allowance account for credit losses of financial assets | 59,168 | 50,520 |
Beginning balance | 50,520 | 60,653 |
Transfer to Stage 2 | (657) | |
Transfer to Stage 3 | (2,862) | |
Cure from Stage 2 | 3,661 | |
Net increase / (Reversal) | (6,154) | |
Closing balance | 50,520 | |
Cure from Stage 3 | 13,886 | |
Gross carrying amount [member] | Stage three [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 4,915 | |
Transfer to Stage 2 | 173 | |
Cure from Stage 2 | (19) | |
Acquisition / (Settlement) | (1,308) | |
Closing balance | 5,162 | 4,915 |
Cure from Stage 1 | (137) | |
Transfer to Stage 1 | 2,360 | |
Cure from Stage 1 | 137 | |
Transfer to Stage 1 | (2,360) | |
Derecognition | (822) | (310) |
Cure from Stage 2 | 19 | |
Transfer to Stage 2 | (173) | |
Acquisition / (Settlement) | 1,308 | |
Allowance account for credit losses of financial assets | 5,162 | 4,915 |
Beginning balance | 4,915 | 8,063 |
Transfer to Stage 2 | (43) | |
Transfer to Stage 3 | (20) | |
Cure from Stage 2 | 109 | |
Net increase / (Reversal) | (3,066) | |
Closing balance | 4,915 | |
Cure from Stage 3 | 182 | |
Gross carrying amount [member] | Stage three [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 8,666 | |
Transfer to Stage 2 | 4,310 | |
Cure from Stage 2 | (1,167) | |
Acquisition / (Settlement) | 398 | |
Closing balance | 9,976 | 8,666 |
Cure from Stage 1 | (170) | |
Transfer to Stage 1 | 1,600 | |
Cure from Stage 1 | 170 | |
Transfer to Stage 1 | (1,600) | |
Derecognition | (3,661) | (2,354) |
Cure from Stage 2 | 1,167 | |
Transfer to Stage 2 | (4,310) | |
Acquisition / (Settlement) | (398) | |
Allowance account for credit losses of financial assets | 9,976 | 8,666 |
Beginning balance | 8,666 | 9,206 |
Transfer to Stage 2 | (146) | |
Transfer to Stage 3 | (742) | |
Cure from Stage 2 | 960 | |
Net increase / (Reversal) | (1,125) | |
Closing balance | 8,666 | |
Cure from Stage 3 | 2,867 | |
Gross carrying amount [member] | Stage three [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 12,942 | |
Transfer to Stage 2 | 3,388 | |
Cure from Stage 2 | (831) | |
Acquisition / (Settlement) | (5,935) | |
Closing balance | 8,776 | 12,942 |
Cure from Stage 1 | (19) | |
Transfer to Stage 1 | 1,014 | |
Cure from Stage 1 | 19 | |
Transfer to Stage 1 | (1,014) | |
Derecognition | (1,783) | (5,034) |
Cure from Stage 2 | 831 | |
Transfer to Stage 2 | (3,388) | |
Acquisition / (Settlement) | 5,935 | |
Allowance account for credit losses of financial assets | 8,776 | 12,942 |
Beginning balance | 12,942 | 17,852 |
Transfer to Stage 2 | (468) | |
Transfer to Stage 3 | (959) | |
Cure from Stage 2 | 929 | |
Net increase / (Reversal) | (3,008) | |
Closing balance | 12,942 | |
Cure from Stage 3 | 3,630 | |
Individuals [member] | Gross carrying amount [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derecognition | (10,309) | |
Individuals [member] | Gross carrying amount [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 332,536 | |
Acquisition / (Settlement) | 81,443 | 87,362 |
Closing balance | 400,103 | 332,536 |
Derecognition | (13,876) | (10,309) |
Acquisition / (Settlement) | (81,443) | (87,362) |
Allowance account for credit losses of financial assets | 400,103 | 332,536 |
Beginning balance | 332,536 | 255,483 |
Closing balance | 332,536 | |
Individuals [member] | Gross carrying amount [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 270,371 | |
Transfer to Stage 2 | (65,771) | |
Transfer to Stage 3 | (2,966) | |
Cure from Stage 2 | 29,153 | |
Cure from Stage 3 | 61 | |
Acquisition / (Settlement) | 74,362 | |
Closing balance | 305,210 | 270,371 |
Transfer to Stage 3 | 2,966 | |
Cure from Stage 2 | (29,153) | |
Transfer to Stage 2 | 65,771 | |
Acquisition / (Settlement) | (74,362) | |
Allowance account for credit losses of financial assets | 305,210 | 270,371 |
Beginning balance | 270,371 | 199,158 |
Transfer to Stage 2 | (30,578) | |
Transfer to Stage 3 | (1,663) | |
Cure from Stage 2 | 12,788 | |
Net increase / (Reversal) | 90,666 | |
Closing balance | 270,371 | |
Individuals [member] | Gross carrying amount [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 38,168 | |
Transfer to Stage 3 | (13,041) | |
Cure from Stage 3 | 1,392 | |
Acquisition / (Settlement) | (3,498) | |
Closing balance | 59,639 | 38,168 |
Cure from Stage 1 | (29,153) | |
Transfer to Stage 1 | 65,771 | |
Cure from Stage 1 | 29,153 | |
Transfer to Stage 3 | 13,041 | |
Transfer to Stage 1 | (65,771) | |
Acquisition / (Settlement) | 3,498 | |
Allowance account for credit losses of financial assets | 59,639 | 38,168 |
Beginning balance | 38,168 | 30,793 |
Transfer to Stage 2 | (12,788) | |
Transfer to Stage 3 | (7,207) | |
Cure from Stage 2 | 30,578 | |
Net increase / (Reversal) | (4,349) | |
Closing balance | 38,168 | |
Cure from Stage 3 | 1,141 | |
Individuals [member] | Gross carrying amount [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 23,997 | |
Transfer to Stage 2 | 13,041 | |
Cure from Stage 2 | (1,392) | |
Acquisition / (Settlement) | 10,579 | |
Closing balance | 35,254 | 23,997 |
Cure from Stage 1 | (61) | |
Transfer to Stage 1 | 2,966 | |
Cure from Stage 1 | 61 | |
Transfer to Stage 1 | (2,966) | |
Derecognition | (13,876) | |
Cure from Stage 2 | 1,392 | |
Transfer to Stage 2 | (13,041) | |
Acquisition / (Settlement) | (10,579) | |
Allowance account for credit losses of financial assets | 35,254 | 23,997 |
Beginning balance | R$ 23997 | 25,532 |
Transfer to Stage 3 | (1,141) | |
Cure from Stage 2 | 1,663 | |
Net increase / (Reversal) | 1,045 | |
Closing balance | 23,997 | |
Cure from Stage 3 | R$ 7207 |
Loan and lease operations (De_3
Loan and lease operations (Details 2) - Expected credit losses [member] - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Beginning balance | R$ 44316 | R$ 48322 |
Net increase / (Reversal) | 28,150 | 14,001 |
Closing balance | (52,324) | (44,316) |
Derecognition | 20,142 | 18,007 |
Net increase / (Reversal) | (28,150) | (14,001) |
Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (4,807) | (7,953) |
Net increase / (Reversal) | (1,468) | 2,836 |
Closing balance | (5,453) | (4,807) |
Derecognition | 822 | 310 |
Net increase / (Reversal) | 1,468 | (2,836) |
Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (7,391) | (6,369) |
Net increase / (Reversal) | (5,860) | (3,376) |
Closing balance | (9,590) | (7,391) |
Derecognition | 3,661 | 2,354 |
Net increase / (Reversal) | 5,860 | 3,376 |
Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (7,898) | (12,870) |
Net increase / (Reversal) | (885) | (62) |
Closing balance | (7,000) | (7,898) |
Derecognition | 1,783 | 5,034 |
Net increase / (Reversal) | 885 | 62 |
Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (11,449) | (9,805) |
Transfer to Stage 2 | 2,997 | 2,289 |
Transfer to Stage 3 | 339 | 287 |
Cure from Stage 2 | (2,469) | (1,354) |
Net increase / (Reversal) | 962 | (2,767) |
Closing balance | (9,664) | (11,449) |
Cure from Stage 3 | (44) | (99) |
Net increase / (Reversal) | (962) | 2,767 |
Stage One [member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (413) | (740) |
Transfer to Stage 2 | 6 | 36 |
Transfer to Stage 3 | 1 | 8 |
Cure from Stage 2 | (127) | (132) |
Net increase / (Reversal) | 56 | 417 |
Closing balance | (480) | (413) |
Cure from Stage 3 | (3) | (2) |
Net increase / (Reversal) | (56) | (417) |
Stage One [member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (1,812) | (1,273) |
Transfer to Stage 2 | 767 | 592 |
Transfer to Stage 3 | 98 | 64 |
Cure from Stage 2 | (806) | (464) |
Net increase / (Reversal) | 355 | (680) |
Closing balance | (1,431) | (1,812) |
Cure from Stage 3 | (33) | (51) |
Net increase / (Reversal) | (355) | 680 |
Stage One [member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (2,373) | (2,389) |
Transfer to Stage 2 | 179 | 226 |
Transfer to Stage 3 | 18 | 12 |
Cure from Stage 2 | (91) | (179) |
Net increase / (Reversal) | (67) | 3 |
Closing balance | (2,339) | (2,373) |
Cure from Stage 3 | (5) | (46) |
Net increase / (Reversal) | 67 | (3) |
Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (8,275) | (7,882) |
Transfer to Stage 2 | 2,469 | 1,354 |
Transfer to Stage 3 | 6,326 | 4,223 |
Cure from Stage 2 | (2,997) | (2,289) |
Net increase / (Reversal) | (6,895) | (3,200) |
Closing balance | (9,923) | (8,275) |
Cure from Stage 3 | (551) | (481) |
Net increase / (Reversal) | 6,895 | 3,200 |
Stage Two [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (865) | (1,261) |
Transfer to Stage 2 | 127 | 132 |
Transfer to Stage 3 | 31 | 32 |
Cure from Stage 2 | (6) | (36) |
Net increase / (Reversal) | 219 | 274 |
Closing balance | (503) | (865) |
Cure from Stage 3 | (9) | (6) |
Net increase / (Reversal) | (219) | (274) |
Stage Two [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (1,556) | (1,337) |
Transfer to Stage 2 | 806 | 464 |
Transfer to Stage 3 | 1,055 | 685 |
Cure from Stage 2 | (767) | (592) |
Net increase / (Reversal) | (1,564) | (664) |
Closing balance | (2,227) | (1,556) |
Cure from Stage 3 | (201) | (112) |
Net increase / (Reversal) | 1,564 | 664 |
Stage Two [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (1,353) | (2,029) |
Transfer to Stage 2 | 91 | 179 |
Transfer to Stage 3 | 592 | 867 |
Cure from Stage 2 | (179) | (226) |
Net increase / (Reversal) | (478) | 140 |
Closing balance | (1,546) | (1,353) |
Cure from Stage 3 | (219) | (284) |
Net increase / (Reversal) | 478 | (140) |
Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (24,592) | (30,635) |
Transfer to Stage 2 | 44 | 99 |
Transfer to Stage 3 | 551 | 481 |
Cure from Stage 2 | (339) | (287) |
Net increase / (Reversal) | (22,217) | (8,034) |
Closing balance | (32,737) | (24,592) |
Cure from Stage 3 | (6,326) | (4,223) |
Derecognition | 20,142 | 18,007 |
Net increase / (Reversal) | 22,217 | 8,034 |
Stage three [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (3,529) | (5,952) |
Transfer to Stage 2 | 3 | 2 |
Transfer to Stage 3 | 9 | 6 |
Cure from Stage 2 | (1) | (8) |
Net increase / (Reversal) | (1,743) | 2,145 |
Closing balance | (4,470) | (3,529) |
Cure from Stage 3 | (31) | (32) |
Derecognition | 822 | 310 |
Net increase / (Reversal) | 1,743 | (2,145) |
Stage three [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (4,023) | (3,759) |
Transfer to Stage 2 | 33 | 51 |
Transfer to Stage 3 | 201 | 112 |
Cure from Stage 2 | (98) | (64) |
Net increase / (Reversal) | (4,651) | (2,032) |
Closing balance | (5,932) | (4,023) |
Cure from Stage 3 | (1,055) | (685) |
Derecognition | 3,661 | 2,354 |
Net increase / (Reversal) | 4,651 | 2,032 |
Stage three [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (4,172) | (8,452) |
Transfer to Stage 2 | 5 | 46 |
Transfer to Stage 3 | 219 | 284 |
Cure from Stage 2 | (18) | (12) |
Net increase / (Reversal) | (340) | (205) |
Closing balance | (3,115) | (4,172) |
Cure from Stage 3 | (592) | (867) |
Derecognition | 1,783 | 5,034 |
Net increase / (Reversal) | 340 | 205 |
Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (24,220) | (21,130) |
Net increase / (Reversal) | (19,937) | (13,399) |
Closing balance | (30,281) | (24,220) |
Derecognition | 13,876 | 10,309 |
Net increase / (Reversal) | 19,937 | 13,399 |
Individuals [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (6,851) | (5,403) |
Transfer to Stage 2 | 2,045 | 1,435 |
Transfer to Stage 3 | 222 | 203 |
Cure from Stage 2 | (1,445) | (579) |
Net increase / (Reversal) | 618 | (2,507) |
Closing balance | (5,414) | (6,851) |
Net increase / (Reversal) | (618) | 2,507 |
Individuals [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (4,501) | (3,255) |
Transfer to Stage 2 | 1,445 | 579 |
Transfer to Stage 3 | 4,648 | 2,639 |
Cure from Stage 2 | (2,045) | (1,435) |
Net increase / (Reversal) | (5,072) | (2,950) |
Closing balance | (5,647) | (4,501) |
Cure from Stage 3 | (122) | (79) |
Net increase / (Reversal) | 5,072 | 2,950 |
Individuals [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | (12,868) | (12,472) |
Transfer to Stage 3 | 122 | 79 |
Cure from Stage 2 | (222) | (203) |
Net increase / (Reversal) | (15,483) | (7,942) |
Closing balance | (19,220) | (12,868) |
Cure from Stage 3 | (4,648) | (2,639) |
Derecognition | 13,876 | 10,309 |
Net increase / (Reversal) | R$ 15483 | R$ 7942 |
Loan and lease operations (De_4
Loan and lease operations (Details 3) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Payments receivable | R$ 11360 | R$ 11707 |
Future financial income | (3,511) | (3,094) |
Present value | 7,849 | 8,613 |
Later than one year and not later than two years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 1,888 | 1,727 |
Future financial income | (596) | (456) |
Present value | 1,292 | 1,271 |
Later than two years and not later than three years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 1,455 | 1,394 |
Future financial income | (449) | (369) |
Present value | 1,006 | 1,025 |
Later than three years and not later than four years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 1,026 | 1,042 |
Future financial income | (339) | (296) |
Present value | 687 | 746 |
Later than four years and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 814 | 834 |
Future financial income | (271) | (251) |
Present value | 543 | 583 |
Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 2,273 | 2,365 |
Future financial income | (617) | (351) |
Present value | 1,656 | 2,014 |
Current [member] | Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 2,273 | 2,365 |
Future financial income | (351) | |
Present value | 1,656 | 2,014 |
Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 9,087 | 9,342 |
Future financial income | (2,894) | (2,743) |
Present value | 6,193 | 6,599 |
Non current [member] | Later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Payments receivable | 3,904 | 4,345 |
Future financial income | (1,239) | (1,371) |
Present value | R$ 2665 | R$ 2974 |
Loan and lease operations (De_5
Loan and lease operations (Details 4) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operations | |||
Financial income | R$ 901 | R$ 742 | R$ 645 |
Variable payments | 7 | 10 | 40 |
Total | R$ 908 | R$ 752 | R$ 685 |
Loan and lease operations (De_6
Loan and lease operations (Details 5) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Assets | R$ 2172726 | R$ 1915573 |
Liabilities | 1,836,690 | 1,621,786 |
Book Value [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Assets | 772 | 1,035 |
Liabilities | 772 | 1,030 |
At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Assets | 770 | 1,035 |
Liabilities | 770 | 1,029 |
Mortgages [member] | Book Value [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Assets | 170 | 235 |
Liabilities | 170 | 235 |
Mortgages [member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Assets | 168 | 235 |
Liabilities | 168 | 234 |
Working capital [member] | Book Value [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Assets | 602 | 800 |
Liabilities | 602 | 795 |
Working capital [member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Assets | 602 | 800 |
Liabilities | R$ 602 | R$ 795 |
Investments in associates and_3
Investments in associates and joint ventures (Details) - BRL (R$) R$ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
IfrsStatementLineItems [Line Items] | ||||
Equity in earnings | R$ 177343 | R$ 164476 | R$ 154525 | R$ 149465 |
Other comprehensive income | (6,329) | (2,827) | 1,029 | |
Total Income | R$ 24408 | R$ 25557 | 16,093 | |
Pravaler S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 51.94% | 52.64% | ||
Percentage interest in voting capital | 4,197% | 4,237% | ||
Porto Seguro Itau Unibanco Participacoes S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 42.93% | |||
Percentage interest in voting capital | 42.93% | |||
B S F Holding S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 49% | |||
Percentage interest in voting capital | 49% | |||
Gestora De Inteligencia De Credito S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 15.71% | 19.64% | ||
Percentage interest in voting capital | 16% | 20% | ||
Compania Uruguaya De Medios De Procesamiento S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 31.42% | |||
Percentage interest in voting capital | 29.24% | |||
Rias Redbanc S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 25% | |||
Percentage interest in voting capital | 2,500% | |||
Kinea Private Equity Investimentos S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 80% | 80% | ||
Percentage interest in voting capital | 49% | 49% | ||
Tecnologia Bancaria S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 28.05% | 28.05% | ||
Percentage interest in voting capital | 28.95% | |||
Olimpia Promocao E Servicos S A [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 50% | |||
Percentage interest in voting capital | 50% | |||
Conect Car Solucoes De Mobilidade Eletronica S. A. [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Percentage interest in total capital | 50% | |||
Percentage interest in voting capital | 50% | |||
Investments in Subsidiaries Associates and Joint Ventures [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Investment | R$ 7443 | R$ 6121 | ||
Equity in earnings | 736 | 1,164 | 1,399 | |
Other comprehensive income | (15) | (60) | ||
Total Income | 657 | 1,104 | ||
Associates [member] | Investments in Subsidiaries Associates and Joint Ventures [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Investment | 7,187 | 5,891 | ||
Equity in earnings | 672 | 1,238 | 1,556 | |
Other comprehensive income | (15) | (60) | ||
Total Income | 721 | 1,178 | ||
Joint ventures where entity is venturer [member] | Investments in Subsidiaries Associates and Joint Ventures [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Investment | 256 | 230 | ||
Equity in earnings | (64) | (74) | R$ 157 | |
Total Income | R$ 64 | R$ 74 |
Lease Operations - Lessee (Deta
Lease Operations - Lessee (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Gross lease liabilities | R$ 362705 | R$ 326862 |
Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross lease liabilities | 4,719 | 6,214 |
Not later than three months [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross lease liabilities | 283 | 304 |
Later than three months and not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross lease liabilities | 790 | 842 |
Later than one year and not later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross lease liabilities | 2,716 | 3,088 |
Later than five years [member] | ||
IfrsStatementLineItems [Line Items] | ||
Gross lease liabilities | R$ 930 | R$ 1980 |
Lease Operations - Lessee (De_2
Lease Operations - Lessee (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operations | |||
Sublease revenues | R$ 26 | R$ 16 | R$ 8 |
Depreciation expenses | 951 | 1,279 | 1,209 |
Interest expenses | (414) | (302) | (227) |
Lease expenses for low value assets | (102) | (84) | (87) |
Variable expenses not include in lease liabilities | (58) | (68) | (66) |
Total | R$ 1499 | R$ 1717 | R$ 1581 |
Lease Operations - Lessee (De_3
Lease Operations - Lessee (Details Narrative) R$ in Millions | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
Operations | |
Cash outflow for lease | R$ 1161 |
Leases renewed | 772 |
Impairemnt for leases | R$ 0 |
Fixed assets (Details)
Fixed assets (Details) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Cost | R$ 23386 | R$ 22031 |
Depreciation | (15,423) | (14,921) |
Impairment | (196) | (147) |
Residual | 7,767 | 6,963 |
Disposals | 3 | 3 |
Real Estates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 7,132 | 7,372 |
Depreciation | (3,835) | (4,089) |
Impairment | (151) | (110) |
Residual | 3,146 | 3,173 |
Real Estates [Member] | Land [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 1,199 | 1,127 |
Residual | 1,199 | 1,127 |
Real Estates [Member] | Building And Improvements [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 5,933 | 6,245 |
Depreciation | (3,835) | (4,089) |
Impairment | (151) | (110) |
Residual | R$ 1947 | R$ 2046 |
Real Estates [Member] | Building And Improvements [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 4% | 4% |
Real Estates [Member] | Building And Improvements [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 10% | 10% |
Other Fixed Assets [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | R$ 16254 | R$ 14659 |
Depreciation | (11,588) | (10,832) |
Impairment | (45) | (37) |
Residual | 4,621 | 3,790 |
Other Fixed Assets [Member] | Installations And Furniture [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | 3,559 | 3,312 |
Depreciation | (2,655) | (2,463) |
Impairment | (14) | (10) |
Residual | R$ 890 | R$ 839 |
Other Fixed Assets [Member] | Installations And Furniture [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 10% | 10% |
Other Fixed Assets [Member] | Installations And Furniture [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 20% | 20% |
Other Fixed Assets [Member] | Computer equipment [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | R$ 9786 | R$ 9094 |
Depreciation | (7,659) | (7,170) |
Impairment | (31) | (27) |
Residual | R$ 2096 | R$ 1897 |
Other Fixed Assets [Member] | Computer equipment [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 20% | 20% |
Other Fixed Assets [Member] | Computer equipment [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 50% | 50% |
Other Fixed Assets [Member] | Other property, plant and equipment [member] | ||
IfrsStatementLineItems [Line Items] | ||
Cost | R$ 2909 | R$ 2253 |
Depreciation | (1,274) | (1,199) |
Residual | R$ 1635 | R$ 1054 |
Other Fixed Assets [Member] | Other property, plant and equipment [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 10% | 10% |
Other Fixed Assets [Member] | Other property, plant and equipment [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Annual depreciation rates | 20% | 20% |
Goodwill and Intangible asset_2
Goodwill and Intangible assets (Details) - BRL (R$) R$ in Millions | 12 Months Ended | 24 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | R$ 21110 | R$ 17330 | ||
Acquisitions | 2,422 | |||
Ending balance | 23,114 | 21,110 | R$ 17330 | R$ 21110 |
Beginning balance | 23,114 | 21,110 | 17,330 | 21,110 |
Hyperinflationary [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amortization other | 61 | 34 | ||
Acquisition of payrolls and associations rights [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amortization expense | 1,202 | 860 | 594 | |
Gross carrying amount [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 39,752 | 34,203 | ||
Acquisitions | 5,768 | 7,667 | ||
Rescissions / disposals | (504) | (324) | ||
Exchange variation | (1,256) | (1,331) | ||
Amortization other | 182 | (463) | ||
Ending balance | 43,942 | 39,752 | 34,203 | 39,752 |
Beginning balance | 43,942 | 39,752 | 34,203 | 39,752 |
Accumulated depreciation and amortisation [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (11,727) | (9,725) | ||
Rescissions / disposals | 487 | 252 | ||
Exchange variation | 329 | 196 | ||
Amortization other | (139) | 211 | ||
Ending balance | (14,393) | (11,727) | (9,725) | (11,727) |
Amortization expense | (3,343) | (2,661) | ||
Beginning balance | (14,393) | (11,727) | (9,725) | (11,727) |
Accumulated impairment [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (6,915) | (7,148) | ||
Exchange variation | 481 | 640 | ||
Ending balance | (6,435) | (6,915) | (7,148) | (6,915) |
Incresase | (1) | (440) | ||
Beginning balance | R$ 6435 | (6,915) | (7,148) | (6,915) |
Disposals, intangible assets and goodwill | R$ 33 | |||
Promotion and offer of financial products and service [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Annual amortization rates | 8% | 8% | ||
Beginning balance | R$ 571 | |||
Ending balance | 450 | R$ 571 | 571 | |
Beginning balance | 450 | 571 | 571 | |
Promotion and offer of financial products and service [Member] | Gross carrying amount [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 2,657 | 2,822 | ||
Acquisitions | 5 | |||
Exchange variation | (276) | (155) | ||
Amortization other | (15) | (15) | ||
Ending balance | 2,366 | 2,657 | 2,822 | 2,657 |
Beginning balance | 2,366 | 2,657 | 2,822 | 2,657 |
Promotion and offer of financial products and service [Member] | Accumulated depreciation and amortisation [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (1,374) | (1,347) | ||
Exchange variation | 116 | 68 | ||
Amortization other | 16 | 14 | ||
Ending balance | (1,357) | (1,374) | (1,347) | (1,374) |
Amortization expense | (115) | (109) | ||
Beginning balance | (1,357) | (1,374) | (1,347) | (1,374) |
Promotion and offer of financial products and service [Member] | Accumulated impairment [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (712) | (789) | ||
Exchange variation | 153 | 77 | ||
Ending balance | (559) | (712) | (789) | (712) |
Beginning balance | R$ 559 | R$ 712 | (789) | (712) |
Software acquisition [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Annual amortization rates | 20% | 20% | ||
Beginning balance | R$ 2156 | |||
Ending balance | 1,515 | R$ 2156 | 2,156 | |
Beginning balance | 1,515 | 2,156 | 2,156 | |
Software acquisition [Member] | Gross carrying amount [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 6,476 | 6,484 | ||
Acquisitions | 519 | 738 | ||
Rescissions / disposals | (23) | (65) | ||
Exchange variation | (339) | (238) | ||
Amortization other | (1,210) | (443) | ||
Ending balance | 5,423 | 6,476 | 6,484 | 6,476 |
Beginning balance | 5,423 | 6,476 | 6,484 | 6,476 |
Software acquisition [Member] | Accumulated depreciation and amortisation [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (4,149) | (3,680) | ||
Rescissions / disposals | 7 | 28 | ||
Exchange variation | 188 | 125 | ||
Amortization other | 734 | 197 | ||
Ending balance | (3,737) | (4,149) | (3,680) | (4,149) |
Amortization expense | (517) | (819) | ||
Beginning balance | (3,737) | (4,149) | (3,680) | (4,149) |
Software acquisition [Member] | Accumulated impairment [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (171) | (204) | ||
Ending balance | (171) | (171) | (204) | (171) |
Beginning balance | R$ 171 | (171) | (204) | (171) |
Disposals, intangible assets and goodwill | R$ 33 | |||
Intangible assets under development [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Annual amortization rates | 20% | 20% | ||
Beginning balance | R$ 6114 | |||
Ending balance | 9,131 | R$ 6114 | 6,114 | |
Beginning balance | 9,131 | 6,114 | 6,114 | |
Intangible assets under development [member] | Gross carrying amount [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 11,157 | 7,664 | ||
Acquisitions | 4,208 | 3,511 | ||
Rescissions / disposals | (1) | (13) | ||
Amortization other | 724 | (5) | ||
Ending balance | 16,088 | 11,157 | 7,664 | 11,157 |
Beginning balance | 16,088 | 11,157 | 7,664 | 11,157 |
Intangible assets under development [member] | Accumulated depreciation and amortisation [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (4,220) | (3,288) | ||
Rescissions / disposals | 10 | |||
Exchange variation | (3) | |||
Amortization other | (399) | |||
Ending balance | (6,133) | (4,220) | (3,288) | (4,220) |
Amortization expense | (1,511) | (942) | ||
Beginning balance | (6,133) | (4,220) | (3,288) | (4,220) |
Intangible assets under development [member] | Accumulated impairment [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (823) | (383) | ||
Ending balance | (824) | (823) | (383) | (823) |
Incresase | (1) | (440) | ||
Beginning balance | (824) | (823) | (383) | (823) |
Other intangible assets [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 4,447 | |||
Ending balance | 4,468 | 4,447 | 4,447 | |
Beginning balance | 4,468 | 4,447 | 4,447 | |
Other intangible assets [member] | Gross carrying amount [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 6,431 | 3,274 | ||
Acquisitions | 1,041 | 3,413 | ||
Rescissions / disposals | (480) | (236) | ||
Exchange variation | (41) | (20) | ||
Amortization other | 683 | |||
Ending balance | 7,634 | 6,431 | 3,274 | 6,431 |
Beginning balance | 7,634 | 6,431 | 3,274 | 6,431 |
Other intangible assets [member] | Accumulated depreciation and amortisation [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (1,984) | (1,410) | ||
Rescissions / disposals | 480 | 214 | ||
Exchange variation | 28 | 3 | ||
Amortization other | (490) | |||
Ending balance | (3,166) | (1,984) | (1,410) | (1,984) |
Amortization expense | (1,200) | (791) | ||
Beginning balance | R$ 3166 | R$ 1984 | (1,410) | (1,984) |
Other intangible assets [member] | Bottom of range [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Annual amortization rates | 10% | 10% | ||
Other intangible assets [member] | Top of range [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Annual amortization rates | 20% | 20% | ||
Goodwill and intangible assets from acquisition [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | R$ 7822 | |||
Ending balance | 7,550 | R$ 7822 | 7,822 | |
Beginning balance | 7,550 | 7,822 | 7,822 | |
Goodwill and intangible assets from acquisition [member] | Gross carrying amount [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | 13,031 | 13,959 | ||
Exchange variation | (600) | (918) | ||
Ending balance | 12,431 | 13,031 | 13,959 | 13,031 |
Beginning balance | 12,431 | 13,031 | 13,959 | 13,031 |
Goodwill and intangible assets from acquisition [member] | Accumulated impairment [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Beginning balance | (5,209) | (5,772) | ||
Exchange variation | 328 | 563 | ||
Ending balance | (4,881) | (5,209) | (5,772) | (5,209) |
Beginning balance | R$ 4881 | (5,209) | R$ 5772 | (5,209) |
Software licenses [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Other intangible assets | R$ 327 | R$ 327 |
Goodwill and Intangible asset_3
Goodwill and Intangible assets (Details Narrative) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
IfrsStatementLineItems [Line Items] | |||
Goodwill and intangible assets | R$ 23114 | R$ 21110 | R$ 17330 |
Itau Banca [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Goodwill and intangible assets | R$ 3015 | R$ 3375 |
Deposits (Details)
Deposits (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Current | R$ 498803 | R$ 493752 |
Non-current | 372,635 | 356,620 |
Total | 871,438 | 850,372 |
Interest Bearing Deposits 1 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 376,238 | 334,808 |
Non-current | 372,635 | 356,620 |
Total | 748,873 | 691,428 |
Savings accounts [member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 179,764 | 190,601 |
Total | 179,764 | 190,601 |
Interbank [member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 4,821 | 3,490 |
Non-current | 73 | 286 |
Total | 4,894 | 3,776 |
Time deposits [member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 191,653 | 140,717 |
Non-current | 372,562 | 356,334 |
Total | 564,215 | 497,051 |
Non interest bearing deposits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 122,565 | 158,944 |
Total | 122,565 | 158,944 |
Demand Deposits 1 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 117,587 | 158,116 |
Total | 117,587 | 158,116 |
Other Deposits [member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 4,978 | 828 |
Total | R$ 4978 | R$ 828 |
Financial liabilities designa_3
Financial liabilities designated at fair value through profit or loss (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Current | R$ 2 | R$ 16 |
Non-Current | 62 | 98 |
Total | 64 | 114 |
Debt Securities Held For Trading [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Current | 2 | 16 |
Non-Current | 62 | 98 |
Total | R$ 64 | R$ 114 |
Securities sold under repurch_3
Securities sold under repurchase agreements and interbank and institutional market funds (Details) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 293440 | R$ 252848 |
Assets Pledged as Collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 90,819 | 94,980 |
Assets Pledged as Collateral [member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 66665 | 67,060 |
Assets Pledged as Collateral [member] | Government Securities [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 13.32% | |
Assets Pledged as Collateral [member] | Government Securities [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 13.65% | |
Assets Pledged as Collateral [member] | Corporate Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 22562 | 25,676 |
Assets Pledged as Collateral [member] | Corporate Securities [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 45% | |
Assets Pledged as Collateral [member] | Corporate Securities [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 90% | |
Assets Pledged as Collateral [member] | Own issue [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 8 | 21 |
Assets Pledged as Collateral [member] | Own issue [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 12.80% | |
Assets Pledged as Collateral [member] | Own issue [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 15.75% | |
Assets Pledged as Collateral [member] | Foreign Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 1584 | 2,223 |
Assets Pledged as Collateral [member] | Foreign Securities [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 60% | |
Assets Pledged as Collateral [member] | Foreign Securities [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 0.88% | |
Assets Received as Collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 127375 | 105,036 |
Assets Received as Collateral [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 13.65% | |
Assets Received as Collateral [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 13.30% | |
Right to sell or repledge collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 75246 | 52,832 |
Right to sell or repledge collateral [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 100% | |
Right to sell or repledge collateral [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of securities sold under repurchase agreements | 3.60% | |
Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 270798 | 243,195 |
Current [member] | Assets Pledged as Collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 90,700 | 94,899 |
Current [member] | Assets Pledged as Collateral [member] | Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 66,665 | 67,060 |
Current [member] | Assets Pledged as Collateral [member] | Corporate Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 22,562 | 25,676 |
Current [member] | Assets Pledged as Collateral [member] | Own issue [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 2 | 1 |
Current [member] | Assets Pledged as Collateral [member] | Foreign Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 1,471 | 2,162 |
Current [member] | Assets Received as Collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 127,375 | 105,036 |
Current [member] | Right to sell or repledge collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 52,723 | 43,260 |
Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 22,642 | 9,653 |
Non current [member] | Assets Pledged as Collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 119 | 81 |
Non current [member] | Assets Pledged as Collateral [member] | Own issue [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 6 | 20 |
Non current [member] | Assets Pledged as Collateral [member] | Foreign Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | 113 | 61 |
Non current [member] | Right to sell or repledge collateral [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities sold under repurchase agreements | R$ 22523 | R$ 9572 |
Securities sold under repurch_4
Securities sold under repurchase agreements and interbank and institutional market funds (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 294587 | R$ 177145 |
Allowance account for credit losses of financial assets | 1,032 | 34,942 |
Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 137,428 | 98,106 |
Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 157,159 | 79,039 |
Financial credit bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 66,605 | 24,059 |
Financial credit bills [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 3,842 | 20,310 |
Financial credit bills [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 62763 | 3,749 |
Financial credit bills [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 4.29% | |
Financial credit bills [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 16.96% | |
Real Estate Credit Bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 28117 | 10,663 |
Real Estate Credit Bills [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 24,274 | 3,628 |
Real Estate Credit Bills [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 3843 | 7,035 |
Real Estate Credit Bills [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 4.44% | |
Real Estate Credit Bills [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 15.28% | |
Rural Credit Bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 36283 | 13,701 |
Rural Credit Bills [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 26,547 | 4,342 |
Rural Credit Bills [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 9736 | 9,359 |
Rural Credit Bills [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 4.22% | |
Rural Credit Bills [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 13.72% | |
Guaranteed real state notes [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 50575 | 30,998 |
Guaranteed real state notes [member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 4,908 | 1,623 |
Guaranteed real state notes [member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 45667 | 29,375 |
Guaranteed real state notes [member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 4.85% | |
Guaranteed real state notes [member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 100% | |
Credit Facilities Available For Financing Of Imports And Exports [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 101152 | 86,948 |
Credit Facilities Available For Financing Of Imports And Exports [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 74,304 | 64,274 |
Credit Facilities Available For Financing Of Imports And Exports [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 26848 | 22,674 |
Credit Facilities Available For Financing Of Imports And Exports [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 0% | |
Credit Facilities Available For Financing Of Imports And Exports [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 16.33% | |
Onlending Domestic [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 11855 | 10,776 |
Onlending Domestic [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | 3,553 | 3,929 |
Onlending Domestic [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Interbank market funds | R$ 8302 | R$ 6847 |
Onlending Domestic [Member] | Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 0% | |
Onlending Domestic [Member] | Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of interest on interbank market debt | 18% |
Securities sold under repurch_5
Securities sold under repurchase agreements and interbank and institutional market funds (Details 2) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | R$ 129382 | R$ 138636 |
Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 20,731 | 27,906 |
Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 108,651 | 110,730 |
Subordinated Debts [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 54,540 | 75,036 |
Subordinated Debts [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 9,851 | 21,203 |
Subordinated Debts [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 44,689 | 53,833 |
Obligations On Securities Abroad [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 70,521 | 62,843 |
Obligations On Securities Abroad [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 10,333 | 6,560 |
Obligations On Securities Abroad [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 60,188 | 56,283 |
Raisings Through Structured Operations Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 4,321 | 757 |
Market value of fund | 4,949 | 790 |
Raisings Through Structured Operations Certificates [Member] | Current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | 547 | 143 |
Raisings Through Structured Operations Certificates [Member] | Non current [member] | ||
IfrsStatementLineItems [Line Items] | ||
Institutional market funds | R$ 3774 | R$ 614 |
Securities sold under repurch_6
Securities sold under repurchase agreements and interbank and institutional market funds (Details 3) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Debt securities | R$ 54540 | R$ 75036 |
Brazil, Brazil Real | Subordinated Financial Bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt securities | 16,306 | 20,065 |
Brazil, Brazil Real | Ipca Plus Five Point One Five Percentage To Five Point Six Zero Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Twenty Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 982 | |
Issue | 2012 | |
Maturity | 2022 | |
Return p.a. | IPCA + 5.15% to 5.60% | |
Debt securities | 6,380 | |
Brazil, Brazil Real | IGPM Plus Four Point Six Three Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Twenty Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 20 | |
Issue | 2012 | |
Maturity | 2022 | |
Return p.a. | IGPM + 4.63% | |
Debt securities | 44 | |
Brazil, Brazil Real | One Hundred and Fourteen Percentage of SELIC [Member] | Subordinated Financial Bills [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 2146 | |
Issue | 2019 | |
Maturity | Perpetual | |
Return p.a. | 114% of SELIC | |
Debt securities | R$ 2249 | 2,187 |
Brazil, Brazil Real | SELIC Plus One Point One Seven Percentage to One Point One Nine Percentage [Member] | Subordinated Financial Bills [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 935 | |
Issue | 2019 | |
Maturity | Perpetual | |
Return p.a. | SELIC + 1.17% to 1.19% | |
Debt securities | R$ 1047 | 976 |
Brazil, Brazil Real | CDI Plus Zero Point Seven Two Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Twenty Eight [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 50 | |
Issue | 2019 | |
Maturity | 2028 | |
Return p.a. | CDI + 0.72% | |
Debt securities | R$ 62 | 55 |
Brazil, Brazil Real | CDI Plus Zero Point Seven Five Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Twenty Nine [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 2281 | |
Issue | 2019 | |
Maturity | 2029 | |
Return p.a. | CDI + 0.75% | |
Debt securities | R$ 2834 | 2,502 |
Brazil, Brazil Real | Cdi Plus One Point Eight Five Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Twenty Nine [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 450 | |
Maturity | 2029 | |
Return p.a. | CDI + 1.85% | |
Debt securities | R$ 550 | |
Brazil, Brazil Real | Cdi Plus One Point Eight Five Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Thirty [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Issue | 2020 | |
Brazil, Brazil Real | CDI Plus Two Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Twenty Nine [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt securities | 481 | |
Brazil, Brazil Real | CDI Plus Two Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Thirty [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1556 | |
Issue | 2020 | |
Maturity | 2030 | |
Return p.a. | CDI + 2% | |
Debt securities | R$ 1907 | 1,664 |
Brazil, Brazil Real | CDI Plus Two Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Thirty One [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 5488 | |
Issue | 2021 | |
Maturity | 2031 | |
Return p.a. | CDI + 2% | |
Debt securities | R$ 6478 | 5,651 |
Brazil, Brazil Real | IPCA Plus Four Point Six Four Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Thirty [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 106 | |
Issue | 2020 | |
Maturity | 2030 | |
Return p.a. | IPCA + 4.64% | |
Debt securities | R$ 138 | 125 |
Brazil, Brazil Real | Cdi Plus Two Point Four Percentage [Member] | Subordinated Financial Bills [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Issue | 2022 | |
Maturity | Perpetual | |
Return p.a. | CDI + 2.4% | |
Debt securities | R$ 1041 | |
Brazil, Brazil Real | Cdi Plus Two Point Four Percentage [Member] | Subordinated Financial Bills [Member] | Two Thousand and Thirty One [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | 1,005 | |
United States of America, Dollars | Subordinated Euronotes [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt securities | 30,502 | 47,409 |
United States of America, Dollars | Five Point Five Zero Percentage [Member] | Subordinated Euronotes [Member] | Two Thousand and Twenty Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1341 | |
Issue | 2012 | |
Maturity | 2022 | |
Return p.a. | 5.50% | |
Debt securities | 14,742 | |
United States of America, Dollars | Five Point One Three Percentage [Member] | Subordinated Euronotes [Member] | Two Thousand And Twenty Three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1854 | |
Issue | 2012 | |
Maturity | 2023 | |
Return p.a. | 5.13% | |
Debt securities | R$ 9735 | 10,432 |
United States of America, Dollars | Seven Point Seven Two Percentage [Member] | Subordinated Euronotes [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1244 | |
Issue | 2017 | |
Maturity | Perpetual | |
Return p.a. | 7.72% | |
Debt securities | R$ 6516 | 6,997 |
United States of America, Dollars | Six Point Five Zero Percentage [Member] | Subordinated Euronotes [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 750 | |
Issue | 2018 | |
Maturity | Perpetual | |
Return p.a. | 6.50% | |
Debt securities | R$ 3985 | 4,262 |
United States of America, Dollars | Four Point Five Zero Percentage [Member] | Subordinated Euronotes [Member] | Two Thousand and Twenty Nine [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 750 | |
Issue | 2019 | |
Maturity | 2029 | |
Return p.a. | 4.50% | |
Debt securities | R$ 3932 | 4,205 |
United States of America, Dollars | Four Point Six Three Percentage [Member] | Subordinated Euronotes [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 700 | |
Issue | 2020 | |
Maturity | Perpetual | |
Return p.a. | 4.63% | |
Debt securities | R$ 3708 | 3,967 |
United States of America, Dollars | Three Point Eight Eight Percentage [Member] | Subordinated Euronotes [Member] | Two Thousand and Thirty One [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 500 | |
Issue | 2021 | |
Maturity | 2031 | |
Return p.a. | 3.88% | |
Debt securities | R$ 2623 | 2,804 |
United States of America, Dollars | Six Point Eight Zero Percentage [Member] | Subordinated Euronotes [Member] | Perpetual [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 200 | |
Issue | 2022 | |
Maturity | Perpetual | |
Return p.a. | 6.80% | |
Debt securities | R$ 3 | |
Chile, Pesos | Subordinated Bonds [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt securities | 6,555 | 6,275 |
Chile, Pesos | Seven Point Four Five Percentage to Eight Point Three Zero [Member] | Subordinated Bonds [Member] | Two Thousand and Twenty Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 27776 | |
Issue | 1997 | |
Maturity | 2022 | |
Return p.a. | 7.45% to 8.30% | |
Debt securities | 36 | |
Chile, Pesos | Three Point Five Zero Percentage to Four Point Nine Two Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 180351 | |
Issue | 2008 | |
Maturity | 2033 | |
Return p.a. | 3.50% to 4.92% | |
Debt securities | R$ 1476 | 1,423 |
Chile, Pesos | Four Point Seven Five Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Five [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 97962 | |
Issue | 2009 | |
Maturity | 2035 | |
Return p.a. | 4.75% | |
Debt securities | R$ 1133 | 1,079 |
Chile, Pesos | Four Point Three Five Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1060250 | |
Issue | 2010 | |
Maturity | 2032 | |
Return p.a. | 4.35% | |
Debt securities | R$ 112 | 106 |
Chile, Pesos | Three Point Nine Zero Percentage to Three Point Nine Six Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Five [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1060250 | |
Issue | 2010 | |
Maturity | 2035 | |
Return p.a. | 3.90% to 3.96% | |
Debt securities | R$ 257 | 244 |
Chile, Pesos | Four Point Four Eight Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Six [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1060250 | |
Issue | 2010 | |
Maturity | 2036 | |
Return p.a. | 4.48% | |
Debt securities | R$ 1225 | 1,160 |
Chile, Pesos | Three Point Nine Three Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Eight [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1060250 | |
Issue | 2010 | |
Maturity | 2038 | |
Return p.a. | 3.93% | |
Debt securities | R$ 892 | |
Chile, Pesos | Three Point Nine Zero Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Eight [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt securities | 845 | |
Chile, Pesos | Four Point One Five Percentage to Four Point Two Nine Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Forty [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1060250 | |
Issue | 2010 | |
Maturity | 2040 | |
Return p.a. | 4.15% to 4.29% | |
Debt securities | R$ 687 | 651 |
Chile, Pesos | Four Point Four Five Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Forty Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 1060250 | |
Issue | 2010 | |
Maturity | 2042 | |
Return p.a. | 4.45% | |
Debt securities | R$ 335 | 317 |
Chile, Pesos | Three Point Eight Zero Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Thirty Four [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 57168 | |
Issue | 2014 | |
Maturity | 2034 | |
Return p.a. | 3.80% | |
Debt securities | R$ 438 | 414 |
Colombia, Pesos | Subordinated Bonds [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt securities | 1,177 | 1,287 |
Colombia, Pesos | IPC Plus Two Percentage [Member] | Subordinated Bonds [Member] | Two Thousand and Twenty Eight [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 146000 | |
Issue | 2013 | |
Maturity | 2028 | |
Return p.a. | IPC + 2% | |
Debt securities | R$ 161 | 203 |
Colombia, Pesos | IPC Plus Two Percentage [Member] | Subordinated Bonds [Member] | Two Thousand And Twenty Three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 104000 | |
Issue | 2013 | |
Maturity | 2023 | |
Return p.a. | IPC + 2% | |
Debt securities | R$ 115 | 145 |
Colombia, Pesos | LIB [Member] | Subordinated Bonds [Member] | Two Thousand and Twenty Four [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Debt Instrument Face Amount1 | R$ 780392 | |
Issue | 2014 | |
Maturity | 2024 | |
Return p.a. | LIB | |
Debt securities | R$ 901 | R$ 939 |
Other assets and liabilities (D
Other assets and liabilities (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Other financial assets | R$ 113198 | R$ 96630 |
Other financial assets at amortised cost | 111,823 | 96,473 |
Other financial assets at fair value through profit or loss | 1,375 | 157 |
Other non-financial assets | 17,529 | 16,494 |
Other financial assets, Current | 111,538 | 93,604 |
Other financial assets, Non-current | 19,189 | 19,520 |
Receivables From Credit Card Issuers [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 65,852 | 53,968 |
Deposits In Guarantee For Contingent Liabilities Provisions And Legal Obligations [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 13,001 | 12,264 |
Trading and intermediation of securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 17,969 | 17,218 |
Income receivable [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 3,619 | 3,839 |
Credit of operations without credit granting characteristics net amount [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 7,900 | 4,720 |
Insurance And Reinsurance Operations [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 1,933 | 1,565 |
Net amount receivable from reimbursement of provisions [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 899 | 888 |
Deposits In Guarantee Of Fund Raising Abroad [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 648 | 660 |
Foreign Exchange Portfolio [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 1,213 | |
Other assets [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets at amortised cost | 2 | 138 |
Other financial assets at fair value through profit or loss | 1,375 | 157 |
Other non-financial assets | 2,243 | 2,223 |
Sundry Foreign [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial assets | 965 | 621 |
Prepaid expenses [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial assets | 6,358 | 5,243 |
Sundry Domestic [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial assets | 3,689 | 2,868 |
Plan assets postemployment benefits [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial assets | 411 | 493 |
Right-of-use assets [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial assets | R$ 3863 | R$ 5046 |
Other assets and liabilities _2
Other assets and liabilities (Details 1) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities, Total | R$ 167234 | R$ 134267 |
Other financial liabilities at amortised cost, Total | 166,651 | 134,106 |
Other financial liabilities at fair value through profit or loss, Total | 583 | 161 |
Other non-financial liabilities, Total | 48,044 | 42,130 |
Other financial liabilities, Current | 206,029 | 167,789 |
Other financial liabilities, Non-current | 9,249 | 8,608 |
Credit Card Operations [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities at amortised cost, Total | 138,300 | 108,997 |
Trading and intermediation of securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities at amortised cost, Total | 17,744 | 12,161 |
Foreign Exchange Portfolio [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities at amortised cost, Total | 2,580 | 2,485 |
Finance Leases [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities at amortised cost, Total | 3,929 | 5,324 |
Other Financials Liabilities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities at amortised cost, Total | 4,098 | 5,139 |
Other financial liabilities at fair value through profit or loss, Total | 583 | 161 |
Funds In Transit [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 19,737 | 18,027 |
Collection And Payment Of Taxes And Contributions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 553 | 457 |
Social And Statutory [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 10,375 | 7,853 |
Deferred income [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 2,737 | 3,278 |
Domestic Sundry Creditors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 4,730 | 3,183 |
Personnel Provision [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 2,403 | 2,244 |
Provision For Sundry Payments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 2,055 | 2,348 |
Liabilities For Official Agreements And Rendering Of Payment Services Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 1,725 | 1,261 |
Provision For Retirement Plan Benefits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | 2,320 | 2,209 |
Other non-financial liabilities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other non-financial liabilities, Total | R$ 1409 | R$ 1270 |
Stockholders' equity (Details)
Stockholders' equity (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 9,804,135,348 | 9,804,135,348 | 9,804,135,348 |
Beginning balance | R$ 90729 | R$ 90729 | R$ 97148 |
Treasury shares, beginning balance | 24,244,725 | 41,678,452 | |
Treasury shares, beginning balance | 3,268,688 | 24,244,725 | 41,678,452 |
Treasury shares, value | R$ 528 | R$ 907 | |
Result of delivery of treasury shares | (20,976,037) | ||
Result of delivery of treasury shares | R$ 457 | ||
Treasury shares, ending balance | 3,268,688 | 24,244,725 | 41,678,452 |
Treasury shares, value | R$ 71 | R$ 528 | R$ 907 |
Outstanding shares | 9,800,866,660 | 9,779,890,623 | 9,762,456,896 |
Result of delivery of treasury shares | R$ 521 | R$ 572 | R$ 567 |
Brazil [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 6,557,365,425 | 6,701,805,828 | 6,749,983,938 |
Beginning balance | R$ 60683 | R$ 62020 | R$ 66885 |
Foreign countries [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 3,246,769,923 | 3,102,329,520 | 3,054,151,410 |
Beginning balance | R$ 30046 | R$ 28709 | R$ 30263 |
Ordinary shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 |
Outstanding shares | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 |
Ordinary shares [member] | Brazil [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 4,927,867,243 | 4,929,997,183 | 4,929,824,281 |
Ordinary shares [member] | Foreign countries [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 30,423,116 | 28,293,176 | 28,466,078 |
Preference shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 4,845,844,989 | 4,845,844,989 | 4,845,844,989 |
Treasury shares, beginning balance | 24,244,725 | 41,678,452 | |
Treasury shares, beginning balance | 3,268,688 | 24,244,725 | 41,678,452 |
Result of delivery of treasury shares | (20,976,037) | (17,433,727) | |
Treasury shares, ending balance | 3,268,688 | 24,244,725 | 41,678,452 |
Outstanding shares | 4,842,576,301 | 4,821,600,264 | 4,804,166,537 |
Result of delivery of treasury shares | R$ 379 | ||
Preference shares [member] | Brazil [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 1,629,498,182 | 1,771,808,645 | 1,820,159,657 |
Preference shares [member] | Foreign countries [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, beginning balance | 3,216,346,807 | 3,074,036,344 | 3,025,685,332 |
Stockholders' equity (Details 1
Stockholders' equity (Details 1) - $ / shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Preference shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Average cost | $ 21.76 | $ 21.76 |
Market price per share | 25 | 20.95 |
Ordinary shares [member] | ||
IfrsStatementLineItems [Line Items] | ||
Market price per share | $ 21.89 | $ 19.09 |
Stockholders' equity (Details 2
Stockholders' equity (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stockholders Equity | ||||
Statutory net income | R$ 29695 | R$ 26236 | R$ 18961 | |
Legal reserve | (1,485) | (1,312) | (948) | |
Dividend calculation basis | 28,210 | 24,924 | 18,013 | |
Mandatory dividend | 7,053 | 6,231 | R$ 4503 | |
Dividends and Interest on Capital Paid / Accrued | R$ 8368 | R$ 6231 | R$ 4503 |
Stockholders' equity (Details 3
Stockholders' equity (Details 3) R$ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 BRL (R$) $ / shares | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) $ / shares | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) $ / shares | Dec. 31, 2020 BRL (R$) | |
IfrsStatementLineItems [Line Items] | ||||||
Paid / prepaid, Gross | R$ 4906 | R$ 4179 | R$ 2127 | |||
Paid / prepaid | (735) | (407) | (78) | |||
Paid / prepaid | 4,171 | 3,772 | 2,049 | |||
Interest on capital | 2,540 | |||||
Interest on capital, WHT | 2,159 | 439 | ||||
Interest on capital | $ / shares | $ 0.2207 | |||||
Interest on capital-paid | 3,004 | |||||
Interest on capital, WHT | (381) | |||||
Accrued (Recorded in Other Liabilities) | R$ 4938 | 4,938 | $ 2,894 | 2,894 | R$ 2861 | 2,861 |
Accrued (Recorded in Other Liabilities) | (741) | (741) | (435) | (435) | (407) | (407) |
Accrued (Recorded in Other Liabilities) | 4,197 | 4,197 | 2,459 | 2,459 | 2,454 | 2,454 |
Total,Gross | 9,844 | 7,073 | 4,988 | |||
Total, WHT | (1,476) | (842) | (485) | |||
Total | R$ 8368 | 8,368 | $ 6,231 | 6,231 | R$ 4503 | 4,503 |
Dividends - 11 monthly installments paid from February to December | (293) | (1,596) | (2,261) | |||
Dividends - 1 monthly installment paid | 146 | |||||
Dividends Or Interest On Capital | 1,361 | |||||
Interest On Capital One [Member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Interest on capital | $ / shares | R$ 0.0150 | $ 0.0150 | R$ 0.0450 | |||
Interest on capital | 1,902 | 173 | 517 | |||
Interest on capital, WHT | (285) | (26) | (78) | |||
Interest on capital, WHT | 1,617 | 147 | ||||
Interest on capital - paid | 2,554 | |||||
Dividends | $ / shares | 0.0150 | 0.0150 | ||||
Dividends - 11 monthly installments paid from February to December | 1,466 | 1,610 | ||||
Interest On Capital Two [Member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Interest on capital | $ / shares | 0.0150 | 0.0150 | 0.0544 | |||
Interest on capital | 173 | 173 | 624 | |||
Interest on capital, WHT | (26) | (26) | (93) | |||
Interest on capital, WHT | 147 | 147 | 531 | |||
Interest on capital | $ / shares | 0.2605 | |||||
Interest on capital, WHT | (450) | |||||
Dividends | $ / shares | 0.0150 | |||||
Dividends - 1 monthly installment paid | 146 | |||||
Interest On Capital Three [Member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Interest on capital-paid | 4,765 | 2,587 | 490 | |||
Interest on capital, WHT | (715) | (388) | (74) | |||
Interest on capital - paid | R$ 4050 | 2,199 | 416 | |||
Interest on capital | $ / shares | R$ 0.4133 | 0.2249 | 0.0426 | |||
Dividends | $ / shares | R$ 0.1394 | |||||
Dividends Or Interest On Capital | 1,601 | |||||
Dividend or Interest on capital tax WHT | R$ 240 | |||||
Interest On Capital Four [Member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Interest on capital-paid | 134 | |||||
Interest on capital, WHT | (21) | |||||
Interest on capital - paid | R$ 113 | |||||
Interest on capital | $ / shares | $ 0.0116 |
Stockholders' equity (Details 4
Stockholders' equity (Details 4) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Capital reserves | R$ 2480 | R$ 2250 | R$ 2326 |
Profit reserves | 86,892 | 66,161 | 47,347 |
Total reserves at parent company | 89,372 | 68,411 | 49,673 |
Net income remaining after the distribution of dividends and appropriations to statutory reserves | 288 | ||
Premium On Subscription Of Shares [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Capital reserves | 284 | 284 | 284 |
Reserve of share-based payments [member] | |||
IfrsStatementLineItems [Line Items] | |||
Capital reserves | 2,192 | 1,962 | 2,038 |
Reserves From Tax Incentives Restatement Of Equity Securities And Other [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Capital reserves | 4 | 4 | 4 |
Legal [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Profit reserves | 15,071 | 13,586 | 12,274 |
Statutory reserve [member] | |||
IfrsStatementLineItems [Line Items] | |||
Profit reserves | R$ 71821 | R$ 52575 | R$ 35073 |
Stockholders' equity (Details 5
Stockholders' equity (Details 5) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Non-controlling interests | R$ 9390 | R$ 11612 | |
Income | 1,035 | 1,624 | R$ 3832 |
Income | 1,035 | 1,624 | (3,832) |
Itau Corpbanca [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-controlling interests | 6,926 | 9,836 | |
Income | 887 | 1,310 | (4,135) |
Itau Corpbanca Colombia S.A. [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-controlling interests | 14 | 476 | |
Income | 3 | 38 | (15) |
Financeira Itau CBD S.A. Credito, Financiamento e Investimento [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-controlling interests | 769 | 666 | |
Income | 123 | 131 | 164 |
Luizacred S A Soc Cred Financiamento Investimento [member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-controlling interests | 377 | 426 | |
Income | (50) | 76 | 102 |
Other Subsidiaries [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-controlling interests | 1,304 | 208 | |
Income | R$ 72 | R$ 69 | R$ 52 |
Stockholders_ equity (Details N
Stockholders’ equity (Details Narrative) - shares | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, ending balance | 9,804,135,348 | 9,804,135,348 | 9,804,135,348 |
Outstanding shares | 9,800,866,660 | 9,779,890,623 | 9,762,456,896 |
Ordinary shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, ending balance | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 |
Outstanding shares | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 |
Preference shares [member] | |||
IfrsStatementLineItems [Line Items] | |||
Shares of capital stock, ending balance | 4,845,844,989 | 4,845,844,989 | 4,845,844,989 |
Outstanding shares | 4,842,576,301 | 4,821,600,264 | 4,804,166,537 |
Share-based payment (Details)
Share-based payment (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Compensation expense by plan | R$ 598 | R$ 510 | R$ 730 |
Partners Plan [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compensation expense by plan | (180) | (129) | (241) |
Share Based Plan [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compensation expense by plan | R$ 418 | R$ 381 | R$ 489 |
Share-based payment (Details 1)
Share-based payment (Details 1) - Partners Plan [Member] Pure in Millions | 12 Months Ended | |
Dec. 31, 2022 $ / shares | Dec. 31, 2021 $ / shares | |
IfrsStatementLineItems [Line Items] | ||
Number of outstanding share options, beginning balance | 36,943,996 | 36,291,760 |
New | 21,395,758 | 14,583,318 |
Delivered | (9,226,877) | (11,652,700) |
Cancelled | (859,065) | (2,278,382) |
Closing balance | 48,253,812 | 36,943,996 |
Weighted average of remaining contractual life (years) | 2.21 | 1.80 |
Market value weighted average | $ 22.22 | $ 16.71 |
Share-based payment (Details 2)
Share-based payment (Details 2) - 0.1% increase in risk-free interest rates [Member] Pure in Millions | 12 Months Ended | |
Dec. 31, 2022 $ / shares | Dec. 31, 2021 $ / shares | |
IfrsStatementLineItems [Line Items] | ||
Number of outstanding share options, beginning balance | 36,814,248 | 27,407,231 |
New | 22,524,857 | 21,767,235 |
Delivered | (14,263,138) | (10,818,958) |
Cancelled | (845,890) | (1,541,260) |
Closing balance | 44,230,077 | 36,814,248 |
Weighted average of remaining contractual life (years) | 0.93 | 1.04 |
Market value weighted average | $ 24.83 | $ 23.59 |
Share-based payment (Details Na
Share-based payment (Details Narrative) | 12 Months Ended |
Dec. 31, 2022 | |
IfrsStatementLineItems [Line Items] | |
Period of variable compensation paid in shares | three years |
Top of range [member] | |
IfrsStatementLineItems [Line Items] | |
Percentage of shares held by controlling and minority stockholders | 0.50% |
Interest and similar income a_3
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | R$ 190273 | R$ 129253 | R$ 114369 |
Compulsory Deposits In The Central Bank Of Brazil [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | 10,228 | 3,613 | 2,242 |
Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | 3,145 | 1,203 | 1,102 |
Securities purchased under agreements to resell [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | 25,467 | 9,812 | 9,832 |
Financial assets at fair value through other comprehensive income, category [member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | 21,313 | 17,193 | 18,089 |
Financial assets at amortised cost, category [member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | 12,164 | 4,820 | 3,629 |
Loans Operations [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | 116,844 | 92,789 | 79,503 |
Other financial asset [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar income | R$ 1112 | R$ 177 | R$ 28 |
Interest and similar income a_4
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | R$ 138515 | R$ 69305 | R$ 73558 |
Bank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | (52,358) | (20,492) | (17,478) |
Securities sold under repurchase agreements [member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | (28,399) | (8,635) | (10,690) |
Inter Bank Market Debt [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | (22,878) | (24,929) | (28,878) |
Institutional Market Debt [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | (12,757) | (9,865) | (8,400) |
Finance Expense [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | (21,981) | (5,346) | (8,121) |
Other interest and similar expense [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interest and similar expense | R$ 142 | R$ 38 | R$ 9 |
Interest and similar income a_5
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | R$ 34173 | R$ 16678 | R$ 6553 |
Derivatives [member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | 3,477 | 9,716 | (9,393) |
Financial Assets Designated At Fair Value Through Profit Or Loss Equity Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | 660 | (483) | (118) |
Financial liabilities at fair value through profit or loss, category [member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | (9) | ||
Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | 29,730 | 7,439 | 16,035 |
Other Financial Assets at Fair Value Through Profit or Loss [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | 1,800 | 838 | |
Financial liabilities at fair value through profit or loss, category [member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | (1,535) | (843) | |
Financial Liability Designated At Fair Value [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Income of financial assets and liabilities at fair value through profit or loss | R$ 41 | R$ 11 | R$ 38 |
Interest and similar income a_6
Interest and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss (Details Narrative) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Financial assets, expense recognized on expected losses | R$ 120 | R$ 1127 |
Financial assets at amortised cost, class [member] | ||
IfrsStatementLineItems [Line Items] | ||
Total loss, net of reversals | 90 | 1,117 |
Financial assets at fair value through other comprehensive income, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Total loss, net of reversals | R$ 30 | R$ 10 |
Commissions and banking fees (D
Commissions and banking fees (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Commissions And Banking Fees | |||
Credit and debit cards | R$ 19989 | R$ 16051 | R$ 13813 |
Current account services | (7,528) | (7,803) | (8,002) |
Asset management | 7,684 | 7,177 | 6,951 |
Funds | (6,764) | (6,545) | (6,316) |
Consortia | (920) | (632) | (635) |
Credit operations and financial guarantees provided | (2,539) | (2,511) | (2,298) |
Credit operations | (1,185) | (1,307) | (964) |
Financial guarantees provided | (1,354) | (1,204) | (1,334) |
Collection services | (1,971) | (2,020) | (1,897) |
Advisory services and brokerage | (3,348) | (3,579) | (2,891) |
Custody services | (617) | (605) | (573) |
Other | (2,702) | (2,578) | (2,132) |
Total | R$ 46378 | R$ 42324 | R$ 38557 |
General and administrative ex_3
General and administrative expenses (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Depreciation and amortization | R$ 5750 | R$ 5064 | R$ 5548 |
Selling, general and administrative expense [member] | |||
IfrsStatementLineItems [Line Items] | |||
Personnel expenses | (31,317) | (28,245) | (25,158) |
Compensation, Payroll charges, Welfare benefits, Provision for labor claims, Dismissals, Training and Other (1) | (24,558) | (22,273) | (20,693) |
Employees’ profit sharing and Share-based payment (2) | 6,759 | 5,972 | 4,465 |
Administrative expenses | (17,954) | (16,080) | (16,904) |
Third-Party and Financial System Services, Security, Transportation and Travel expenses | 7,873 | 7,335 | 7,224 |
Data processing and telecommunications | 4,359 | 3,953 | 3,983 |
Installations and Materials | 2,201 | 2,142 | 2,326 |
Advertising, promotions and publicity | (2,003) | (1,389) | (1,095) |
Other | 1,518 | 1,261 | 2,276 |
Depreciation and amortization | (5,750) | (5,548) | (5,064) |
Other expenses | (14,143) | (12,676) | (17,081) |
Selling - credit cards | 6,183 | 5,292 | 4,391 |
Claims losses | 1,143 | 1,038 | 778 |
Selling of non-financial products | (365) | ||
Loss on sale of other assets, fixed assets and investments in associates and joint ventures | 133 | 119 | 683 |
Provision for lawsuits civil | 1,072 | 1,041 | 1,080 |
Provision for tax and social security lawsuits | 607 | (317) | 191 |
Refund of interbank costs | 354 | 352 | 270 |
Impairment | (16) | (440) | (6,201) |
Other | (4,270) | (4,711) | (3,487) |
Total | R$ 69164 | R$ 62549 | R$ 64207 |
Taxes (Details)
Taxes (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Reserve Quantities [Line Items] | |
Income tax | 15% |
Additional income tax | 10% |
Social contribution of tax rate | 21% |
Financial institutions [Member] | Bottom of range [member] | |
Reserve Quantities [Line Items] | |
Social contribution of tax rate | 20% |
Financial institutions [Member] | Top of range [member] | |
Reserve Quantities [Line Items] | |
Social contribution of tax rate | 21% |
Insurance Capitalization and Other Financial Companies [Member] | Bottom of range [member] | |
Reserve Quantities [Line Items] | |
Social contribution of tax rate | 15% |
Insurance Capitalization and Other Financial Companies [Member] | Top of range [member] | |
Reserve Quantities [Line Items] | |
Social contribution of tax rate | 16% |
Taxes (Details 1)
Taxes (Details 1) - BRL (R$) R$ in Millions | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||||
Income / (loss) before income tax and social contribution | R$ 37533 | R$ 42231 | R$ 5230 | ||
Charges (income tax and social contribution) at the rates in effect (1) | 17,048 | 19,989 | 2,354 | ||
Increase / decrease in income tax and social contribution charges arising from: | |||||
Share of profit or (loss) of associates and joint ventures | 954 | 821 | 384 | ||
Foreign exchange variation on investments abroad | (52) | 437 | 7,201 | ||
Interest on capital | (4,449) | (2,889) | (2,765) | ||
Other nondeductible expenses net of non taxable income (2) | 5,102 | 9,181 | (16,651) | ||
Income tax and social contribution expenses | (6,595) | (6,661) | (8,655) | ||
Related to temporary differences | |||||
Increase / (reversal) for the period | 201 | 7,186 | (18,489) | ||
(Expenses) / Income from deferred taxes | (201) | (7,186) | 18,489 | ||
Total income tax and social contribution expenses | R$ 6796 | R$ 13847 | R$ 9834 | ||
Current IRPJ and CSLL rate | 50% | 45% |
Taxes (Details 2)
Taxes (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Beginning balance | R$ 55320 | R$ 61623 |
Realization / reversal | (20,316) | (24,750) |
Increase | 23,525 | 18,447 |
Ending balance | 58,529 | 55,320 |
Beginning balance | 4,769 | 5,461 |
Realization / reversal | (708) | (1,609) |
Increase | 3,344 | 917 |
Ending balance | 7,405 | 4,769 |
Deferred income tax and social contribution assets | 50,831 | 280 |
Cash flow hedges [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 461 | 758 |
Realization / reversal | (122) | (297) |
Increase | 3 | |
Ending balance | 342 | 461 |
Beginning balance | 1 | 4 |
Realization / reversal | (1) | (3) |
Ending balance | 1 | |
Reflected in income [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 52,989 | 60,248 |
Realization / reversal | (19,067) | (24,407) |
Increase | 21,397 | 17,148 |
Ending balance | 55,319 | 52,989 |
Beginning balance | 4,580 | 4,853 |
Realization / reversal | (592) | (1,029) |
Increase | 3,123 | 756 |
Ending balance | 7,111 | 4,580 |
Provision for expected loss [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 28,428 | 27,933 |
Realization / reversal | (7,622) | (6,274) |
Increase | 13,354 | 6,769 |
Ending balance | 34,160 | 28,428 |
Related to income tax and social contribution tax carryforwards [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 3,751 | 5,528 |
Realization / reversal | (1,518) | (1,952) |
Increase | 263 | 175 |
Ending balance | 2,496 | 3,751 |
Provision for profit sharing [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 2,265 | 1,903 |
Realization / reversal | (2,265) | (1,903) |
Increase | 2,635 | 2,265 |
Ending balance | 2,635 | 2,265 |
Provision for devaluation of securities with permanent impairment [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 998 | 1,570 |
Realization / reversal | (595) | (1,013) |
Increase | 409 | 441 |
Ending balance | 812 | 998 |
Provision [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 5,848 | 5,845 |
Realization / reversal | (1,699) | (1,923) |
Increase | 1,585 | 1,926 |
Ending balance | 5,734 | 5,848 |
Civil lawsuits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 1,257 | 1,331 |
Realization / reversal | (400) | (591) |
Increase | 373 | 517 |
Ending balance | 1,230 | 1,257 |
Labor claims [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 3,175 | 3,056 |
Realization / reversal | (1,204) | (1,188) |
Increase | 1,039 | 1,307 |
Ending balance | 3,010 | 3,175 |
Tax and social security [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 1,416 | 1,458 |
Realization / reversal | (95) | (144) |
Increase | 173 | 102 |
Ending balance | 1,494 | 1,416 |
Legal liabilities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 822 | 774 |
Realization / reversal | (379) | (36) |
Increase | 21 | 84 |
Ending balance | 464 | 822 |
Adjustments of operations carried out on futures settlement market [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 52 | |
Realization / reversal | (52) | |
Increase | 171 | |
Ending balance | 171 | |
Beginning balance | 237 | 452 |
Realization / reversal | (237) | (452) |
Increase | 42 | 237 |
Ending balance | 42 | 237 |
Adjustment to fair value of financial assets at fair value through profit or loss [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 2,726 | 8,315 |
Realization / reversal | (2,726) | (8,315) |
Increase | 829 | 2,726 |
Ending balance | 829 | 2,726 |
Beginning balance | 71 | 136 |
Realization / reversal | (71) | (136) |
Increase | 1,554 | 71 |
Ending balance | 1,554 | 71 |
Provision related to health insurance operations [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 362 | 356 |
Increase | 22 | 6 |
Ending balance | 384 | 362 |
Other Items Reflected In Income [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 7,789 | 7,972 |
Realization / reversal | (2,263) | (2,939) |
Increase | 2,108 | 2,756 |
Ending balance | 7,634 | 7,789 |
Beginning balance | 1,873 | 1,892 |
Realization / reversal | (18) | (227) |
Increase | 1,329 | 208 |
Ending balance | 3,184 | 1,873 |
Reflected In Stockholder Equity [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 2,331 | 1,375 |
Realization / reversal | (1,249) | (343) |
Increase | 2,128 | 1,299 |
Ending balance | 3,210 | 2,331 |
Beginning balance | 189 | 608 |
Realization / reversal | (116) | (580) |
Increase | 221 | 161 |
Ending balance | 294 | 189 |
Adjustment to fair value of financial assets at fair value through other comprehensive income [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 1,329 | 60 |
Realization / reversal | (1,127) | (30) |
Increase | 2,101 | 1,299 |
Ending balance | 2,303 | 1,329 |
Beginning balance | 182 | 601 |
Realization / reversal | (114) | (577) |
Increase | 221 | 158 |
Ending balance | 289 | 182 |
Other Items Reflected In Income Stockholder Equity [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 541 | 557 |
Realization / reversal | (16) | |
Increase | 24 | |
Ending balance | 565 | 541 |
Depreciation in excess - finance lease[Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 137 | 145 |
Realization / reversal | (8) | |
Increase | 4 | |
Ending balance | 141 | 137 |
Adjustment of escrow deposits and provisions [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 1,422 | 1,404 |
Realization / reversal | (156) | (21) |
Increase | 173 | 39 |
Ending balance | 1,439 | 1,422 |
Post employment benefits [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 6 | 180 |
Realization / reversal | (6) | (178) |
Increase | 17 | 4 |
Ending balance | 17 | 6 |
Taxation of results abroad - capital gains [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 834 | 644 |
Realization / reversal | (104) | (7) |
Increase | 4 | 197 |
Ending balance | 734 | 834 |
Provision for pension plan benefits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning balance | 6 | 3 |
Realization / reversal | (1) | |
Increase | 3 | |
Ending balance | R$ 5 | R$ 6 |
Taxes (Details 3)
Taxes (Details 3) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 56033 | ||
Temporary differences, percentage | 100% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 2496 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 100% | ||
Deferred tax assets | R$ 58529 | R$ 55320 | R$ 61623 |
Deferred tax assets, percentage | 100% | ||
Deferred tax liabilities | R$ 7405 | ||
Deferred tax liabilities, percentage | 100% | ||
Net deferred taxes | R$ 51124 | ||
Net deferred taxes,percentage | 100% | ||
Present value of temporary differences | R$ 48792 | ||
Present value of tax loss /social contribution loss carryforwards | 2,334 | ||
Present value of deferred tax assets | 51,126 | ||
Present value of deferred tax liabilities | (5,594) | ||
Present value of net deferred taxes | 45,532 | ||
Not later than one year [member] | |||
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 13634 | ||
Temporary differences, percentage | 24.30% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 1473 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 59% | ||
Deferred tax assets | R$ 15107 | ||
Deferred tax assets, percentage | 25.80% | ||
Deferred tax liabilities | R$ 415 | ||
Deferred tax liabilities, percentage | 5.60% | ||
Net deferred taxes | R$ 14692 | ||
Net deferred taxes,percentage | 28.70% | ||
Later than one year and not later than two years [member] | |||
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 13727 | ||
Temporary differences, percentage | 24.50% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 844 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 33.80% | ||
Deferred tax assets | R$ 14571 | ||
Deferred tax assets, percentage | 24.90% | ||
Deferred tax liabilities | R$ 354 | ||
Deferred tax liabilities, percentage | 4.80% | ||
Net deferred taxes | R$ 14217 | ||
Net deferred taxes,percentage | 27.80% | ||
Later than one year and not later than three years [member] | |||
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 6142 | ||
Temporary differences, percentage | 11% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 142 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 5.70% | ||
Deferred tax assets | R$ 6284 | ||
Deferred tax assets, percentage | 10.70% | ||
Deferred tax liabilities | R$ 560 | ||
Deferred tax liabilities, percentage | 7.60% | ||
Net deferred taxes | R$ 5724 | ||
Net deferred taxes,percentage | 11.20% | ||
Later than three years and not later than four years [member] | |||
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 5794 | ||
Temporary differences, percentage | 10.30% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 28 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 1.10% | ||
Deferred tax assets | R$ 5822 | ||
Deferred tax assets, percentage | 9.90% | ||
Deferred tax liabilities | R$ 186 | ||
Deferred tax liabilities, percentage | 2.50% | ||
Net deferred taxes | R$ 5636 | ||
Net deferred taxes,percentage | 11% | ||
Later than four years and not later than five years [member] | |||
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 6071 | ||
Temporary differences, percentage | 10.80% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 6 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 0.20% | ||
Deferred tax assets | R$ 6077 | ||
Deferred tax assets, percentage | 10.40% | ||
Deferred tax liabilities | R$ 340 | ||
Deferred tax liabilities, percentage | 4.60% | ||
Net deferred taxes | R$ 5737 | ||
Net deferred taxes,percentage | 11.20% | ||
Later than five years [member] | |||
IfrsStatementLineItems [Line Items] | |||
Temporary differences | R$ 10665 | ||
Temporary differences, percentage | 19.10% | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards | R$ 3 | ||
Deferred tax assets Tax loss /social contribution loss Carryforwards, percentage | 0.20% | ||
Deferred tax assets | R$ 10668 | ||
Deferred tax assets, percentage | 18.30% | ||
Deferred tax liabilities | R$ 5550 | ||
Deferred tax liabilities, percentage | 74.90% | ||
Net deferred taxes | R$ 5118 | ||
Net deferred taxes,percentage | 10.10% |
Taxes (Details 4)
Taxes (Details 4) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Taxes | ||
Taxes and contributions on income payable | R$ 2950 | R$ 2450 |
Deferred tax liabilities | 345 | 280 |
Other | 3,443 | 3,516 |
Tax liabilities | 6,738 | 6,246 |
Current | 5,974 | 5,788 |
Non-current | R$ 764 | R$ 458 |
Taxes (Details Narrative)
Taxes (Details Narrative) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Taxes | ||
Unrecorded deferred tax assets | R$ 642 | R$ 1909 |
Earnings per share (Details)
Earnings per share (Details) R$ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 $ / shares | Dec. 31, 2022 BRL (R$) shares | Dec. 31, 2021 $ / shares | Dec. 31, 2021 BRL (R$) shares | Dec. 31, 2020 $ / shares | Dec. 31, 2020 BRL (R$) shares | |
IfrsStatementLineItems [Line Items] | ||||||
Total net income available to ordinary equity owners | R$ 29702 | R$ 26760 | R$ 18896 | |||
Minimum non-cumulative dividends on preferred shares | (106) | (106) | (106) | |||
Retained earnings to be distributed to common equity owners in an amount per share equal to the minimum dividend payable to preferred equity owners | (109) | (109) | (109) | |||
Ordinary shares [member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Total net income available to ordinary equity owners | 15,029 | 13,571 | 9,600 | |||
Retained earnings | R$ 14920 | R$ 13462 | R$ 9491 | |||
Weighted average number of shares outstanding | shares | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 | |||
Basic earnings per share | $ / shares | $ 3.03 | $ 2.74 | $ 1.94 | |||
Preference shares [member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Total net income available to ordinary equity owners | R$ 14673 | R$ 13189 | R$ 9296 | |||
Retained earnings | R$ 14567 | R$ 13083 | R$ 9190 | |||
Weighted average number of shares outstanding | shares | 4,840,703,872 | 4,818,741,579 | 4,801,324,161 | |||
Basic earnings per share | $ / shares | $ 3.03 | $ 2.74 | $ 1.94 |
Earnings per share (Details 1)
Earnings per share (Details 1) R$ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 $ / shares | Dec. 31, 2022 BRL (R$) shares | Dec. 31, 2021 $ / shares | Dec. 31, 2021 BRL (R$) shares | Dec. 31, 2020 $ / shares | Dec. 31, 2020 BRL (R$) shares | |
IfrsStatementLineItems [Line Items] | ||||||
Net income | R$ 29702 | R$ 26760 | R$ 18896 | |||
Preferred | shares | 4,840,703,872 | 4,818,741,579 | 4,801,324,161 | |||
Incremental from stock options granted under our share-based payment | shares | 59,765,428 | 54,300,535 | 41,909,674 | |||
Potential anti-dilutive preferred shares excluded from calculation of diluted earnings | shares | 0 | 0 | ||||
Preference shares [member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Net income | R$ 14673 | R$ 13189 | R$ 9296 | |||
Dividend on preferred shares after dilution effects | 91 | 75 | 41 | |||
Net income available to ordinary equity owners considering preferred shares afterthe dilution effect | R$ 14764 | R$ 13264 | R$ 9337 | |||
Preferred | shares | 4,900,469,300 | 4,873,042,114 | 4,843,233,835 | |||
Common | $ / shares | $ 3.01 | $ 2.72 | $ 1.93 | |||
Ordinary shares [member] | ||||||
IfrsStatementLineItems [Line Items] | ||||||
Net income | R$ 15029 | R$ 13571 | R$ 9600 | |||
Dividend on preferred shares after dilution effects | (91) | (75) | (41) | |||
Net income available to ordinary equity owners considering preferred shares afterthe dilution effect | R$ 14938 | R$ 13496 | R$ 9559 | |||
Preferred | shares | 4,958,290,359 | 4,958,290,359 | 4,958,290,359 | |||
Common | $ / shares | $ 3.01 | $ 2.72 | $ 1.93 |
Post-employment benefits (Detai
Post-employment benefits (Details) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Jan. 02, 2021 | Jan. 02, 2020 | |
Post-employment Benefits | ||||
Mortality table | AT-2000 | AT-2000 | ||
Discount rate | 10.34% | 9.46% | 9.46% | 7.64% |
Inflation | 4% | 4% | ||
Actuarial method | Projected Unit Credit | Projected Unit Credit | ||
Increase in probabilities of survival | 10% |
Post-employment benefits (Det_2
Post-employment benefits (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 21933 | R$ 21912 |
Percentage of allocation | 100% | 100% |
Fixed Income Securities 1 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 20684 | R$ 19904 |
Percentage of allocation | 94.40% | 90.80% |
Fixed Income Securities 1 [Member] | Quoted in an active market [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 20102 | R$ 19508 |
Percentage of allocation | 91.70% | 89% |
Fixed Income Securities 1 [Member] | NonQuoted in an active market [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 582 | R$ 396 |
Percentage of allocation | 2.70% | 1.80% |
Variable income securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 515 | R$ 1323 |
Percentage of allocation | 2.30% | 6.10% |
Variable income securities [Member] | Quoted in an active market [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 508 | R$ 1312 |
Percentage of allocation | 2.30% | 6% |
Variable income securities [Member] | NonQuoted in an active market [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 7 | R$ 11 |
Percentage of allocation | 10% | |
Structured investments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 138 | R$ 150 |
Percentage of allocation | 0.60% | 0.70% |
Structured investments [Member] | NonQuoted in an active market [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 138 | R$ 150 |
Percentage of allocation | 0.60% | 0.70% |
Real estate 1 [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 527 | R$ 462 |
Percentage of allocation | 2.40% | 2.10% |
Loans to participants [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair Value | R$ 69 | R$ 73 |
Percentage of allocation | 0.30% | 0.30% |
Post-employment benefits (Det_3
Post-employment benefits (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Jan. 02, 2021 | Jan. 02, 2020 | |
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | R$ 1716 | R$ 1498 | ||
Amounts recognized in income (1+2+3+4) | (440) | (224) | ||
1 - Cost of current service | (33) | (53) | ||
2 - Cost of past service | (155) | |||
3 - Net interest | (177) | (108) | ||
4 - Other expenses | (75) | (63) | ||
Amount recognized in stockholders' equity - other comprehensive income | (28) | 91 | ||
5 - Effects on asset ceiling | (211) | 1,198 | ||
6 - Remeasurements | 150 | (1,125) | ||
Changes in demographic assumptions | 29 | 4 | ||
Changes in financial assumptions | 1,554 | 3,821 | ||
Experience of the plan | (1,412) | (4,950) | ||
7 - Exchange variation | 33 | 18 | ||
Other (8+9+10) | 275 | (85) | ||
9 - Benefits paid | 150 | 128 | ||
10 - Contributions and investments from sponsor | 124 | 110 | ||
Amounts at end of the period | (1,909) | (1,716) | ||
Amount recognized in Assets (Note 18a) | 411 | 493 | ||
Amount recognized in Liabilities (Note 18b) | R$ 2320 | (2,209) | ||
Receipt By Destination Of Resources | R$ 323 | |||
Discount rate | 10.34% | 9.46% | 9.46% | 7.64% |
Defined Benefit Plans and Variable Contribution Plans [Member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | R$ 1382 | R$ 1079 | ||
Amounts recognized in income (1+2+3+4) | (158) | (131) | ||
1 - Cost of current service | (33) | (53) | ||
3 - Net interest | (125) | (78) | ||
Amount recognized in stockholders' equity - other comprehensive income | (22) | (282) | ||
5 - Effects on asset ceiling | (171) | 665 | ||
6 - Remeasurements | 116 | (965) | ||
Changes in demographic assumptions | 29 | 4 | ||
Changes in financial assumptions | 1,499 | 3,708 | ||
Experience of the plan | (1,412) | (4,677) | ||
7 - Exchange variation | 33 | 18 | ||
Other (8+9+10) | 124 | 110 | ||
9 - Benefits paid | (1) | |||
10 - Contributions and investments from sponsor | 124 | 110 | ||
Amounts at end of the period | (1,438) | (1,382) | ||
Amount recognized in Assets (Note 18a) | 33 | 48 | ||
Amount recognized in Liabilities (Note 18b) | (1,471) | (1,430) | ||
Defined Benefit Plans and Variable Contribution Plans [Member] | Plan assets [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | 21,912 | 23,225 | ||
Amounts recognized in income (1+2+3+4) | 1,995 | 1,722 | ||
3 - Net interest | 1,995 | 1,722 | ||
Amount recognized in stockholders' equity - other comprehensive income | (447) | (1,764) | ||
6 - Remeasurements | (441) | (1,766) | ||
Experience of the plan | (441) | (1,766) | ||
7 - Exchange variation | (6) | 2 | ||
Other (8+9+10) | (1,271) | |||
9 - Benefits paid | (1,651) | (1,381) | ||
10 - Contributions and investments from sponsor | 124 | 110 | ||
Amounts at end of the period | 21,933 | 21,912 | ||
Defined Benefit Plans and Variable Contribution Plans [Member] | Present value of defined benefit obligation [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | (20,039) | (20,662) | ||
Amounts recognized in income (1+2+3+4) | (1,845) | (1,575) | ||
1 - Cost of current service | (33) | (53) | ||
3 - Net interest | (1,812) | (1,522) | ||
Amount recognized in stockholders' equity - other comprehensive income | 596 | 817 | ||
6 - Remeasurements | 557 | 801 | ||
Changes in demographic assumptions | 29 | 4 | ||
Changes in financial assumptions | 1,499 | 3,708 | ||
Experience of the plan | (971) | (2,911) | ||
7 - Exchange variation | 39 | 16 | ||
Other (8+9+10) | 1,651 | 1,381 | ||
9 - Benefits paid | 1,651 | 1,381 | ||
Amounts at end of the period | (19,637) | (20,039) | ||
Defined Benefit Plans and Variable Contribution Plans [Member] | Effect of asset ceiling [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | (3,255) | (3,642) | ||
Amounts recognized in income (1+2+3+4) | (308) | (278) | ||
3 - Net interest | (308) | (278) | ||
Amount recognized in stockholders' equity - other comprehensive income | (171) | 665 | ||
5 - Effects on asset ceiling | (171) | 665 | ||
Amounts at end of the period | (3,734) | (3,255) | ||
Defined Contribution Plans [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | 445 | 503 | ||
Amounts recognized in income (1+2+3+4) | (36) | (27) | ||
3 - Net interest | 39 | 36 | ||
4 - Other expenses | (75) | (63) | ||
Amount recognized in stockholders' equity - other comprehensive income | (31) | 292 | ||
5 - Effects on asset ceiling | (40) | 533 | ||
6 - Remeasurements | 9 | (241) | ||
Changes in financial assumptions | 9 | |||
Experience of the plan | (241) | |||
Other (8+9+10) | (323) | |||
Amounts at end of the period | 378 | 445 | ||
Amount recognized in Assets (Note 18a) | 378 | 445 | ||
Receipt By Destination Of Resources | (323) | |||
Defined Contribution Plans [member] | Plan assets [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | 447 | 1,454 | ||
Amounts recognized in income (1+2+3+4) | (36) | 41 | ||
3 - Net interest | 39 | 104 | ||
4 - Other expenses | (75) | (63) | ||
Amount recognized in stockholders' equity - other comprehensive income | 9 | (725) | ||
5 - Effects on asset ceiling | (484) | |||
6 - Remeasurements | 9 | (241) | ||
Changes in financial assumptions | 9 | |||
Experience of the plan | (241) | |||
Other (8+9+10) | (323) | |||
Amounts at end of the period | 420 | 447 | ||
Receipt By Destination Of Resources | (323) | |||
Defined Contribution Plans [member] | Effect of asset ceiling [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | (2) | (951) | ||
Amounts recognized in income (1+2+3+4) | (68) | |||
3 - Net interest | (68) | |||
Amount recognized in stockholders' equity - other comprehensive income | (40) | 1,017 | ||
5 - Effects on asset ceiling | (40) | 1,017 | ||
Amounts at end of the period | (42) | (2) | ||
Other post employment benefits [member] | ||||
IfrsStatementLineItems [Line Items] | ||||
Amounts at the beginning of the period | (779) | (922) | ||
Amounts recognized in income (1+2+3+4) | (246) | (66) | ||
2 - Cost of past service | (155) | |||
3 - Net interest | (91) | (66) | ||
Amount recognized in stockholders' equity - other comprehensive income | 25 | 81 | ||
6 - Remeasurements | 25 | 81 | ||
Changes in financial assumptions | 46 | 113 | ||
Experience of the plan | (32) | |||
Other (8+9+10) | 151 | 128 | ||
9 - Benefits paid | 151 | 128 | ||
Amounts at end of the period | (849) | (779) | ||
Amount recognized in Liabilities (Note 18b) | R$ 849 | R$ 779 |
Post-employment benefits (Det_4
Post-employment benefits (Details 3) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Estimated contribution | R$ 124 | |
Contributions made | 93 | R$ 75 |
Fundacao Itau Unibanco Previdencia Complementar [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Estimated contribution | 39 | |
Contributions made | 54 | 43 |
Funbep Fundo De Pensao Multipatrocinado [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Estimated contribution | 85 | |
Contributions made | R$ 39 | R$ 32 |
Post-employment benefits (Det_5
Post-employment benefits (Details 4) R$ in Millions | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
IfrsStatementLineItems [Line Items] | |
2023 | R$ 1988 |
2024 | 1,937 |
2025 | 1,884 |
2026 | 1,947 |
2027 | 1,982 |
2028 to 2032 | R$ 10469 |
Funbep Fundo De Pensao Multipatrocinado [Member] | |
IfrsStatementLineItems [Line Items] | |
Duration | 9 years 1 month 13 days |
2023 | R$ 656 |
2024 | 676 |
2025 | 694 |
2026 | 711 |
2027 | 728 |
2028 to 2032 | R$ 3846 |
Fundacao Itau Unibanco Previdencia Complementar [Member] | |
IfrsStatementLineItems [Line Items] | |
Duration | 8 years 6 months 3 days |
2023 | R$ 1136 |
2024 | 1,072 |
2025 | 1,110 |
2026 | 1,151 |
2027 | 1,186 |
2028 to 2032 | R$ 6388 |
Other post employment benefits [member] | |
IfrsStatementLineItems [Line Items] | |
Duration | 6 years 1 month 17 days |
2023 | R$ 196 |
2024 | 189 |
2025 | 80 |
2026 | 85 |
2027 | 68 |
2028 to 2032 | R$ 235 |
Post-employment benefits (Det_6
Post-employment benefits (Details 5) R$ in Millions | Dec. 31, 2022 BRL (R$) |
Actuarial Assumption Of Interest Rates [Member] | Defined Benefit Plans and Variable Contribution Plans [Member] | Stockholders Equity [Member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | R$ 284 |
Decrease in assumptions | (311) |
Actuarial Assumption Of Interest Rates [Member] | Defined Benefit Plans and Variable Contribution Plans [Member] | Present value of defined benefit obligation [member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | (763) |
Decrease in assumptions | 824 |
Actuarial Assumption Of Interest Rates [Member] | Other post employment benefits [member] | Stockholders Equity [Member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | 23 |
Decrease in assumptions | (25) |
Actuarial Assumption Of Interest Rates [Member] | Other post employment benefits [member] | Present value of defined benefit obligation [member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | (23) |
Decrease in assumptions | 25 |
Actuarial assumption of mortality rates [member] | Defined Benefit Plans and Variable Contribution Plans [Member] | Stockholders Equity [Member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | 82 |
Decrease in assumptions | (87) |
Actuarial assumption of mortality rates [member] | Defined Benefit Plans and Variable Contribution Plans [Member] | Present value of defined benefit obligation [member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | (218) |
Decrease in assumptions | 228 |
Actuarial assumption of mortality rates [member] | Other post employment benefits [member] | Stockholders Equity [Member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | 10 |
Decrease in assumptions | (11) |
Actuarial assumption of mortality rates [member] | Other post employment benefits [member] | Present value of defined benefit obligation [member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | (10) |
Decrease in assumptions | 11 |
Actuarial assumption of medical cost trend rates [member] | Other post employment benefits [member] | Stockholders Equity [Member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | (56) |
Decrease in assumptions | 48 |
Actuarial assumption of medical cost trend rates [member] | Other post employment benefits [member] | Present value of defined benefit obligation [member] | |
IfrsStatementLineItems [Line Items] | |
Increase in assumptions | 56 |
Decrease in assumptions | R$ 48 |
Insurance contracts and priva_3
Insurance contracts and private pension (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Group Accident Insurance [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 30.50% | 31.50% | 33.80% |
Loss ratio | 17% | 14.50% | 11.30% |
Individual Accident [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 18.40% | 18.70% | 18.80% |
Loss ratio | 25.60% | 26.70% | 29.40% |
Credit Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 22.30% | 22.90% | 24.20% |
Loss ratio | 19.30% | 26.10% | 22.30% |
Random Events [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 23.70% | 23.30% | 23.50% |
Loss ratio | 28.80% | 32% | 34.30% |
Multiple Peril [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 42.70% | 43.10% | 44.40% |
Loss ratio | 19.30% | 24% | 52.90% |
Home Insurance in Market Policies Credit Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 20.10% | 20.30% | 20.40% |
Loss ratio | 11.10% | 26.50% | 18.50% |
Group Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Sales ratio | 23.80% | 23.80% | 24% |
Loss ratio | 35.50% | 53.50% | 41% |
Insurance contracts and priva_4
Insurance contracts and private pension (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | R$ 18122 | R$ 15023 | R$ 14804 |
Group Accident Insurance [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 973 | 883 | 847 |
Individual Accident [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 149 | 175 | 187 |
Disability Savings Pension [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 292 | 240 | 258 |
Plan Generator of Benefits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 2,974 | 2,460 | 2,235 |
Credit Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 1,412 | 1,008 | 624 |
Random Events [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 216 | 192 | 195 |
Multiple Risks [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 645 | 542 | 370 |
MortagageInsuranceinMarketPoliciesCreditLifeInsurance [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 571 | 437 | 339 |
Traditional Insurance [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 123 | 128 | 117 |
VGBL [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 8,496 | 7,054 | 8,022 |
Group Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | 1,422 | 1,165 | 955 |
Other Lines [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Premiums and contributions | R$ 849 | R$ 739 | R$ 655 |
Insurance contracts and priva_5
Insurance contracts and private pension (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Unearned premiums (PPNG) | R$ 3627 | R$ 2858 |
Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) | 209,215 | |
Redemptions and Other Unsettled Amounts (PVR) | 417 | 377 |
Financial surplus (PEF) | 729 | 692 |
Unsettled claims (PSL) | 577 | 585 |
Claims / events incurred but not reported (IBNR) | 371 | 361 |
Related Expenses (PDR) | 81 | 94 |
Other provisions | 532 | 794 |
Total | 235,150 | 214,976 |
Current | 3,747 | 3,643 |
Non-current | 231,403 | 211,333 |
Insurance [member] | ||
IfrsStatementLineItems [Line Items] | ||
Unearned premiums (PPNG) | 3,615 | 2,846 |
Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) | 30 | 19 |
Redemptions and Other Unsettled Amounts (PVR) | 23 | 19 |
Financial surplus (PEF) | 1 | |
Unsettled claims (PSL) | 503 | 506 |
Claims / events incurred but not reported (IBNR) | 345 | 334 |
Related Expenses (PDR) | 32 | 29 |
Other provisions | 135 | 129 |
Total | 4,683 | 3,883 |
Current | 3,588 | 3,102 |
Non-current | 1,095 | 781 |
Private Pension [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Unearned premiums (PPNG) | 12 | 12 |
Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) | 209,196 | |
Redemptions and Other Unsettled Amounts (PVR) | 394 | 358 |
Financial surplus (PEF) | 729 | 691 |
Unsettled claims (PSL) | 74 | 79 |
Claims / events incurred but not reported (IBNR) | 26 | 27 |
Related Expenses (PDR) | 49 | 65 |
Other provisions | 397 | 665 |
Current | 159 | 541 |
Non-current | 230,308 | 210,552 |
Non-life insurance contracts [member] | ||
IfrsStatementLineItems [Line Items] | ||
Total | R$ 230467 | R$ 211093 |
Insurance contracts and priva_6
Insurance contracts and private pension (Details 3) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Opening balance | R$ 214976 | R$ 221000 |
Additions arising from premiums / contributions | 17,886 | 14,782 |
Deferral due to elapsed risk | (5,485) | (4,563) |
Payment of claims / benefits | (1,971) | (1,971) |
Reported claims | 1,477 | 1,534 |
Redemptions | (15,127) | (16,872) |
Net Portability | 1,962 | (3,417) |
Adjustment of reserves and financial surplus | 21,601 | 5,023 |
Other (increase / reversal) | (169) | (544) |
Corporate Reorganization | 4 | |
Closing balance | 235,150 | 214,976 |
Insurance [member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | 3,883 | 3,303 |
Additions arising from premiums / contributions | 6,254 | 5,106 |
Deferral due to elapsed risk | (5,485) | (4,563) |
Payment of claims / benefits | (1,506) | (1,598) |
Reported claims | 1,477 | 1,534 |
Adjustment of reserves and financial surplus | 10 | 14 |
Other (increase / reversal) | 50 | 83 |
Corporate Reorganization | 4 | |
Closing balance | 4,683 | 3,883 |
Private Pension [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | 211,093 | 217,697 |
Additions arising from premiums / contributions | 11,632 | 9,676 |
Payment of claims / benefits | (465) | (373) |
Redemptions | (15,127) | (16,872) |
Net Portability | 1,962 | (3,417) |
Adjustment of reserves and financial surplus | 21,591 | 5,009 |
Other (increase / reversal) | (219) | (627) |
Closing balance | 230,467 | 211,093 |
Insurance One [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | R$ 3883 | |
Closing balance | R$ 3883 |
Insurance contracts and priva_7
Insurance contracts and private pension (Details 4) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Beginning Balance | R$ 631 | R$ 496 |
Increase | 1,559 | 1,298 |
Amortization | (1,379) | (1,163) |
Ending Balance | 811 | 631 |
Not later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning Balance | 573 | 464 |
Later than one year [member] | ||
IfrsStatementLineItems [Line Items] | ||
Beginning Balance | R$ 238 | R$ 167 |
Insurance contracts and priva_8
Insurance contracts and private pension (Details 5) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
(-) IBNER | R$ 371 | R$ 361 |
Claims Development [member] | ||
IfrsStatementLineItems [Line Items] | ||
Provision for unsettled claims (PSL) | 577 | |
(-) IBNER | 213 | |
(-) Reinsurance | 12 | |
Retrocession and other estimates | (7) | |
Liability claims presented in the development table (a + b) | R$ 359 |
Insurance contracts and priva_9
Insurance contracts and private pension (Details 6) - Administratives claims [member] - Net Reinsurance [Member] - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | R$ 1413 | R$ 1401 | R$ 1231 | R$ 1121 | R$ 954 |
Accumulated payments through base date | 1,316 | 1,476 | 1,236 | 1,126 | 998 |
Accumulated payments through base date to current date | 6,152 | ||||
Liabilities recognized in the balance sheet | 97 | 15 | 9 | 9 | 9 |
Accumulated liabilities recognized in the balance sheet | 139 | ||||
Liabilities in relation to prior periods | 55 | ||||
Total administratives claims | 194 | ||||
Not later than one year [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 1,491 | 1,237 | 1,133 | 1,012 | |
Later than one year and not later than two years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 1,245 | 1,133 | 1,015 | ||
Later than two years and not later than three years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 1,135 | 1,012 | |||
Later than four years and not later than five years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 1,007 | ||||
Later than five years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | R$ 1413 | R$ 1491 | R$ 1245 | R$ 1135 | R$ 1007 |
Insurance contracts and priv_10
Insurance contracts and private pension (Details 7) - Judicial claims [member] - Net Reinsurance [Member] - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | R$ 15 | R$ 12 | R$ 12 | R$ 20 | R$ 16 |
Accumulated payments through base date | 5 | 14 | 19 | 37 | 49 |
Accumulated payments through base date to current date | 124 | ||||
Liabilities recognized in the balance sheet | 10 | 13 | 12 | 13 | 9 |
Accumulated liabilities recognized in the balance sheet | 57 | ||||
Liabilities in relation to prior periods | 108 | ||||
Total administratives claims | 165 | ||||
Not later than one year [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 27 | 23 | 36 | 33 | |
Later than one year and not later than two years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 31 | 43 | 47 | ||
Later than two years and not later than three years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 50 | 54 | |||
Later than four years and not later than five years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
At the end of reporting period | 58 | ||||
Later than five years [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Current estimate | R$ 15 | R$ 27 | R$ 31 | R$ 50 | R$ 58 |
Fair value of financial instr_3
Fair value of financial instruments (Details) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | R$ 464682 | R$ 434169 |
Financial assets at fair value through other comprehensive income | 121,052 | 105,622 |
Investment funds [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 32,491 | 20,139 |
Level 1 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through other comprehensive income | 116,638 | 104,018 |
Level 1 of fair value hierarchy [member] | Investment funds [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 954 | 653 |
Level 2 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through other comprehensive income | 4,356 | 1,604 |
Level 2 of fair value hierarchy [member] | Investment funds [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 31,537 | 19,486 |
Level 3 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,563 | |
Financial assets at fair value through profit or loss | 379 | 1,563 |
Financial assets at fair value through other comprehensive income | 58 | |
Financial Assets Designated As At Fair Value Through Profit And Loss [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 507,526 | 470,746 |
Financial assets at fair value through profit or loss | 386,474 | 365,124 |
Financial Assets Designated As At Fair Value Through Profit And Loss [Member] | Level 1 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 391,297 | 366,930 |
Financial assets at fair value through profit or loss | 274,659 | 262,912 |
Financial Assets Designated As At Fair Value Through Profit And Loss [Member] | Level 2 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 115,792 | 102,253 |
Financial assets at fair value through profit or loss | 111,436 | 100,649 |
Financial Assets Designated As At Fair Value Through Profit And Loss [Member] | Level 3 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 437 | 1,563 |
Financial assets at fair value through profit or loss | 379 | 1,563 |
Brazilian government securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 231,912 | 224,799 |
Financial assets at fair value through other comprehensive income | 70,983 | 69,642 |
Brazilian government securities [member] | Level 1 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 226,056 | 218,449 |
Financial assets at fair value through other comprehensive income | 69,951 | 68,457 |
Brazilian government securities [member] | Level 2 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 5,856 | 6,350 |
Financial assets at fair value through other comprehensive income | 1,032 | 1,185 |
Government Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 8,017 | 5,561 |
Financial assets at fair value through other comprehensive income | 37,910 | 30,194 |
Government Securities [member] | Level 1 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 8,017 | 5,561 |
Financial assets at fair value through other comprehensive income | 37,910 | 30,194 |
Corporates Debt Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 112,679 | 114,468 |
Financial assets at fair value through other comprehensive income | 12,159 | 5,786 |
Corporates Debt Securities [Member] | Equity investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 15,537 | 19,357 |
Financial assets at fair value through other comprehensive income | 4,885 | 743 |
Corporates Debt Securities [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 2,517 | 6,852 |
Financial assets at fair value through other comprehensive income | 390 | |
Corporates Debt Securities [Member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 360 | 150 |
Financial assets at fair value through other comprehensive income | 714 | 131 |
Corporates Debt Securities [Member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 1,480 | 1,012 |
Corporates Debt Securities [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 62,942 | 65,788 |
Financial assets at fair value through other comprehensive income | 1,183 | 351 |
Corporates Debt Securities [Member] | Eurobonds and others [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 4,373 | 5,253 |
Financial assets at fair value through other comprehensive income | 4,279 | 4,498 |
Corporates Debt Securities [Member] | Financial credit bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 19,378 | 10,111 |
Financial assets at fair value through other comprehensive income | 13 | 6 |
Corporates Debt Securities [Member] | Promissory Notes [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 3,900 | 4,684 |
Corporates Debt Securities [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 2,192 | 1,261 |
Corporates Debt Securities [Member] | Other Financial Assets [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 1,375 | 157 |
Corporates Debt Securities [Member] | All Other Countries [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through other comprehensive income | 695 | 57 |
Corporates Debt Securities [Member] | Level 1 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 39,632 | 38,249 |
Financial assets at fair value through other comprehensive income | 8,777 | 5,367 |
Corporates Debt Securities [Member] | Level 1 of fair value hierarchy [member] | Equity investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 5,817 | 14,355 |
Financial assets at fair value through other comprehensive income | 4,770 | 743 |
Corporates Debt Securities [Member] | Level 1 of fair value hierarchy [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through other comprehensive income | 551 | |
Corporates Debt Securities [Member] | Level 1 of fair value hierarchy [member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 29,446 | 18,638 |
Financial assets at fair value through other comprehensive income | 538 | 134 |
Corporates Debt Securities [Member] | Level 1 of fair value hierarchy [member] | Eurobonds and others [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 4,369 | 5,244 |
Financial assets at fair value through other comprehensive income | 2,918 | 4,490 |
Corporates Debt Securities [Member] | Level 1 of fair value hierarchy [member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 12 | |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 72,708 | 74,656 |
Financial assets at fair value through other comprehensive income | 3,324 | 419 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Equity investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 9,634 | 5,002 |
Financial assets at fair value through other comprehensive income | 70 | |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 2,510 | 6,791 |
Financial assets at fair value through other comprehensive income | 390 | |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 360 | 150 |
Financial assets at fair value through other comprehensive income | 150 | 131 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 1,329 | 1,009 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 33,412 | 45,672 |
Financial assets at fair value through other comprehensive income | 645 | 217 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Eurobonds and others [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 1 | |
Financial assets at fair value through other comprehensive income | 1,361 | 8 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Financial credit bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 19,371 | 10,098 |
Financial assets at fair value through other comprehensive income | 13 | 6 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Promissory Notes [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 3,900 | 4,684 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 2,192 | 1,249 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | Other Financial Assets [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 1,335 | 157 |
Corporates Debt Securities [Member] | Level 2 of fair value hierarchy [member] | All Other Countries [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through other comprehensive income | 695 | 57 |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 339 | 1,563 |
Financial assets at fair value through other comprehensive income | 58 | |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Equity investments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 86 | |
Financial assets at fair value through other comprehensive income | 45 | |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 7 | 61 |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through other comprehensive income | 13 | |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 151 | 3 |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 84 | 1,478 |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Eurobonds and others [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 4 | 8 |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Financial credit bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 7 | 13 |
Corporates Debt Securities [Member] | Level 3 of fair value hierarchy [member] | Other Financial Assets [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value through profit or loss | 40 | |
Financial Liability At Fair Value Through Profit Or Loss [Member] | All Other Countries [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value through profit or loss | 647 | 275 |
Financial Liability At Fair Value Through Profit Or Loss [Member] | Structured Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value through profit or loss | 64 | 114 |
Financial Liability At Fair Value Through Profit Or Loss [Member] | Others Financial Liabilities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value through profit or loss | 583 | 161 |
Financial Liability At Fair Value Through Profit Or Loss [Member] | Level 2 of fair value hierarchy [member] | All Other Countries [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value through profit or loss | 647 | 275 |
Financial Liability At Fair Value Through Profit Or Loss [Member] | Level 2 of fair value hierarchy [member] | Structured Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value through profit or loss | 64 | 114 |
Financial Liability At Fair Value Through Profit Or Loss [Member] | Level 2 of fair value hierarchy [member] | Others Financial Liabilities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial liabilities at fair value through profit or loss | R$ 583 | R$ 161 |
Fair value of financial instr_4
Fair value of financial instruments (Details 1) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
IfrsStatementLineItems [Line Items] | |||
Assets | R$ 78208 | R$ 69045 | |
Liabilities | (76,861) | (63,204) | |
Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 46,902 | 38,014 | |
Liabilities | (39,068) | (34,646) | |
Currency Options Contract [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 23,671 | 21,252 | |
Liabilities | (29,882) | (22,547) | |
Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 601 | 3,111 | |
Liabilities | (65) | (762) | |
Credit Derivatives Financial Institutions [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 492 | 242 | |
Liabilities | (604) | (198) | |
Non Deliverable Forward [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 6,140 | ||
Liabilities | (6,626) | ||
0.1% increase in risk-free interest rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 402 | 483 | |
Liabilities | (616) | (155) | |
Level 1 of fair value hierarchy [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 29 | 6 | |
Liabilities | (186) | (3) | |
Level 1 of fair value hierarchy [member] | Currency Options Contract [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 3 | ||
Liabilities | (2) | ||
Level 1 of fair value hierarchy [member] | 0.1% increase in risk-free interest rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 29 | 3 | |
Liabilities | (186) | (1) | |
Level 2 of fair value hierarchy [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 77,508 | 68,887 | |
Liabilities | (76,106) | (63,076) | |
Level 2 of fair value hierarchy [member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 46,271 | 37,924 | |
Liabilities | (38,507) | (34,535) | |
Level 2 of fair value hierarchy [member] | Currency Options Contract [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 23,637 | 21,187 | |
Liabilities | (29,880) | (22,531) | |
Level 2 of fair value hierarchy [member] | Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 595 | 3,111 | |
Liabilities | (65) | (762) | |
Level 2 of fair value hierarchy [member] | Credit Derivatives Financial Institutions [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 492 | 242 | |
Liabilities | (604) | (198) | |
Level 2 of fair value hierarchy [member] | Non Deliverable Forward [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 6,140 | 5,943 | |
Liabilities | (6,626) | (4,896) | |
Level 2 of fair value hierarchy [member] | 0.1% increase in risk-free interest rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 373 | 480 | |
Liabilities | (424) | (154) | |
Level 3 of fair value hierarchy [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 671 | 152 | R$ 105 |
Liabilities | (569) | (125) | R$ 110 |
Level 3 of fair value hierarchy [member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 631 | 90 | |
Liabilities | (561) | (111) | |
Level 3 of fair value hierarchy [member] | Currency Options Contract [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 34 | 62 | |
Liabilities | (2) | R$ 14 | |
Level 3 of fair value hierarchy [member] | Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets | 6 | ||
Level 3 of fair value hierarchy [member] | 0.1% increase in risk-free interest rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Liabilities | R$ 6 |
Fair value of financial instr_5
Fair value of financial instruments (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | R$ 464682 | R$ 434169 |
Fair value, Beginning balance | 69,045 | |
Fair value, Ending balance | 78,208 | 69,045 |
Fair value, Beginning balance | (63,204) | |
Fair value, Ending balance | (76,861) | (63,204) |
Fair value, Ending balance | (76,861) | (63,204) |
Fair value, Ending balance | 464,682 | 434,169 |
Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | (34,646) | |
Fair value, Ending balance | (39,068) | (34,646) |
Fair value, Ending balance | (39,068) | (34,646) |
Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | (762) | |
Fair value, Ending balance | (65) | (762) |
Fair value, Ending balance | (65) | (762) |
Other Derivative Financial Instruments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | (5,249) | |
Fair value, Ending balance | (7,846) | (5,249) |
Fair value, Ending balance | (7,846) | (5,249) |
Level 3 of fair value hierarchy [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 1,563 | |
Total gains or losses (realized / unrealized),Recognized in the result | 46 | (505) |
Purchases | 143 | 1,993 |
Settlements | (49) | (865) |
Transfers in and / or out of Level | (1,324) | (1,028) |
At Fair Value Through Profit or Loss | 379 | 1,563 |
Total Gains or Losses (Unrealized) | (98) | (434) |
Purchases | 47 | |
Total gains or losses (realized / unrealized), Recognized in the result | (2) | |
Transfers in and / or out of Level | 13 | |
Fair value, Ending balance | 58 | |
Fair value, Beginning balance | 152 | 105 |
Total gains or losses (realized / unrealized), Recognized in the result | 178 | 46 |
Total gains or losses (realized / unrealized), Recognized in other comprehensive income | 64 | |
Purchases | 234 | 327 |
Settlements | (552) | (284) |
Transfers in and / or out of Level | 595 | (42) |
Fair value, Ending balance | 671 | 152 |
Total Gains or Losses (Unrealized) | 588 | 56 |
Fair value, Beginning balance | (125) | (110) |
Total gains or losses (realized / unrealized), Recognized in the result | 48 | (72) |
Total gains or losses (realized / unrealized), Recognized in other comprehensive income | (132) | |
Purchases | (85) | (233) |
Settlements | 38 | 148 |
Transfers in and / or out of Level | (313) | (2) |
Fair value, Ending balance | (569) | (125) |
Total Gains or Losses (Unrealized) | (349) | (24) |
Total gains or losses (realized / unrealized), Recognized in the result | (48) | 72 |
Fair value, Ending balance | (569) | (125) |
Fair value, Beginning balance | 1,968 | |
Fair value, Ending balance | 379 | 1,563 |
Level 3 of fair value hierarchy [member] | Swap contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 90 | 93 |
Total gains or losses (realized / unrealized), Recognized in the result | 151 | 26 |
Total gains or losses (realized / unrealized), Recognized in other comprehensive income | 64 | |
Purchases | 56 | |
Settlements | (73) | (43) |
Transfers in and / or out of Level | 399 | (42) |
Fair value, Ending balance | 631 | 90 |
Total Gains or Losses (Unrealized) | 608 | 90 |
Fair value, Beginning balance | (111) | (109) |
Total gains or losses (realized / unrealized), Recognized in the result | 25 | (8) |
Total gains or losses (realized / unrealized), Recognized in other comprehensive income | (132) | |
Purchases | (30) | |
Settlements | 21 | 22 |
Transfers in and / or out of Level | (314) | (2) |
Fair value, Ending balance | (561) | (111) |
Total Gains or Losses (Unrealized) | (350) | (46) |
Total gains or losses (realized / unrealized), Recognized in the result | (25) | 8 |
Fair value, Ending balance | (561) | (111) |
Level 3 of fair value hierarchy [member] | Currency Options Contract [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 62 | 12 |
Total gains or losses (realized / unrealized), Recognized in the result | 27 | 20 |
Purchases | 228 | 271 |
Settlements | (479) | (241) |
Transfers in and / or out of Level | 196 | |
Fair value, Ending balance | 34 | 62 |
Total Gains or Losses (Unrealized) | (20) | (34) |
Fair value, Beginning balance | (14) | (1) |
Total gains or losses (realized / unrealized), Recognized in the result | (73) | (64) |
Purchases | (79) | (203) |
Settlements | 17 | 126 |
Transfers in and / or out of Level | 1 | |
Fair value, Ending balance | (2) | (14) |
Total Gains or Losses (Unrealized) | 1 | 22 |
Total gains or losses (realized / unrealized), Recognized in the result | 73 | 64 |
Fair value, Ending balance | (2) | (14) |
Level 3 of fair value hierarchy [member] | Forward contract [member] | ||
IfrsStatementLineItems [Line Items] | ||
Purchases | 6 | |
Fair value, Ending balance | 6 | |
Level 3 of fair value hierarchy [member] | Other Derivative Financial Instruments [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Purchases | (6) | |
Fair value, Ending balance | (6) | |
Fair value, Ending balance | (6) | |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 1,563 | |
Total gains or losses (realized / unrealized),Recognized in the result | 21 | (505) |
Purchases | 128 | 47 |
Settlements | (49) | (865) |
Transfers in and / or out of Level | (1,324) | (1,028) |
At Fair Value Through Profit or Loss | 339 | 1,563 |
Total Gains or Losses (Unrealized) | (138) | (434) |
Total gains or losses (realized / unrealized), Recognized in the result | (2) | |
Fair value, Ending balance | 58 | |
Fair value, Beginning balance | 1,968 | |
Fair value, Ending balance | 339 | 1,563 |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Shares [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | ||
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 3 | |
Total gains or losses (realized / unrealized),Recognized in the result | (36) | (167) |
Purchases | 2 | 1,039 |
Settlements | (2) | (616) |
Transfers in and / or out of Level | 184 | (801) |
At Fair Value Through Profit or Loss | 151 | 3 |
Total Gains or Losses (Unrealized) | (60) | |
Fair value, Beginning balance | 548 | |
Fair value, Ending balance | 151 | 3 |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 1,478 | |
Total gains or losses (realized / unrealized),Recognized in the result | 109 | (313) |
Purchases | 96 | 855 |
Settlements | (211) | |
Transfers in and / or out of Level | (1,599) | (203) |
At Fair Value Through Profit or Loss | 84 | 1,478 |
Total Gains or Losses (Unrealized) | (7) | (432) |
Fair value, Beginning balance | 1,350 | |
Fair value, Ending balance | 84 | 1,478 |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 61 | 64 |
Total gains or losses (realized / unrealized),Recognized in the result | 3 | (15) |
Purchases | 62 | |
At Fair Value Through Profit or Loss | 7 | 61 |
Total Gains or Losses (Unrealized) | (9) | |
Settlements | (1) | (32) |
Transfers in and / or out of Level | (56) | (18) |
Fair value, Ending balance | 7 | 61 |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Eurobonds and others [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 8 | |
Total gains or losses (realized / unrealized),Recognized in the result | (1) | (9) |
Purchases | 11 | 23 |
Settlements | (14) | (6) |
At Fair Value Through Profit or Loss | 4 | 8 |
Total Gains or Losses (Unrealized) | (2) | |
Fair value, Ending balance | 4 | 8 |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Financial credit bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Beginning balance | 13 | 6 |
Total gains or losses (realized / unrealized),Recognized in the result | (1) | |
Purchases | 19 | 14 |
Settlements | (32) | |
Transfers in and / or out of Level | 7 | |
At Fair Value Through Profit or Loss | 7 | 13 |
Transfers in and / or out of Level | (6) | |
Fair value, Ending balance | 7 | 13 |
Level 3 of fair value hierarchy [member] | Corporate Securities [Member] | Other Securities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Total gains or losses (realized / unrealized),Recognized in the result | 25 | |
At Fair Value Through Profit or Loss | 40 | |
Total Gains or Losses (Unrealized) | 40 | |
Purchases | 15 | |
Fair value, Ending balance | 40 | |
Level 3 of fair value hierarchy [member] | Shares [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Total gains or losses (realized / unrealized),Recognized in the result | (54) | |
Purchases | 47 | |
Transfers in and / or out of Level | 140 | |
At Fair Value Through Profit or Loss | 86 | |
Total Gains or Losses (Unrealized) | (62) | |
Total gains or losses (realized / unrealized), Recognized in the result | (2) | |
Fair value, Ending balance | 86 | |
Level 3 of fair value hierarchy [member] | Corporate Securitie [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Purchases | 1,993 | |
Transfers in and / or out of Level | R$ 13 | |
Level 3 of fair value hierarchy [member] | Corporate Securities Shares [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Ending balance | 45 | |
Level 3 of fair value hierarchy [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Fair value, Ending balance | R$ 13 |
Fair value of financial instr_6
Fair value of financial instruments (Details 3) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Scenario one [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | R$ 2.2 | R$ 1.5 |
Scenario one [member] | Commodities Indexes And Shares [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | (6.7) | |
Scenario one [member] | Nonlinear risk [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | (24.8) | (56.5) |
Scenario Two [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | (56.9) | (38.2) |
Scenario Two [member] | Commodities Indexes And Shares [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | (13.4) | |
Scenario Two [member] | Nonlinear risk [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | (37.8) | (93.3) |
Scenario Three [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Impact, Income | R$ 113.3 | R$ 76.4 |
Fair value of financial instr_7
Fair value of financial instruments (Details 4) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
At Amortized Cost | R$ 1586992 | R$ 1375782 |
Central Bank compulsory deposits | 115,748 | 110,392 |
Interbank deposits | 59,592 | 69,942 |
Securities purchased under agreements to resell | 221,779 | 169,718 |
Other financial assets | 111,823 | 96,473 |
(-) Provision for expected loss | (50,687) | (41,079) |
At Amortized Cost | 1,755,498 | 1,553,107 |
Deposits | 871,438 | 850,372 |
Securities sold under repurchase agreements | 293,440 | 252,848 |
Other financial liabilities | 583 | 161 |
Provision for Expected Loss | 3,684 | 5,200 |
Loan commitments | 2,874 | 4,433 |
Financial guarantees | 810 | 767 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,586,992 | 1,375,782 |
At Amortized Cost | 1,586,992 | 1,375,782 |
Central Bank compulsory deposits | 115,748 | 110,392 |
Interbank deposits | 59,592 | 69,942 |
Securities purchased under agreements to resell | 221,779 | 169,718 |
Securities | 219,315 | 147,746 |
Loan and financial lease | 909,422 | 822,590 |
Other financial assets | 111,823 | 96,473 |
(-) Provision for expected loss | 50,687 | 41,079 |
Financial liabilities | 1,759,182 | 1,558,307 |
At Amortized Cost | 1,755,498 | 1,553,107 |
Deposits | 871,438 | 850,372 |
Securities sold under repurchase agreements | 293,440 | 252,848 |
Interbank market funds | 294,587 | 177,145 |
Institutional market funds | 129,382 | 138,636 |
Other financial liabilities | 166,651 | 134,106 |
Provision for Expected Loss | 3,684 | 5,200 |
Loan commitments | 2,874 | 4,433 |
Financial guarantees | 810 | 767 |
At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets at fair value | 1,588,402 | 1,376,534 |
At Amortized Cost | 1,588,402 | 1,376,534 |
Central Bank compulsory deposits | 115,748 | 110,392 |
Interbank deposits | 59,868 | 70,112 |
Securities purchased under agreements to resell | 221,779 | 169,718 |
Securities | 219,133 | 147,219 |
Loan and financial lease | 910,738 | 823,699 |
Other financial assets | 111,823 | 96,473 |
(-) Provision for expected loss | 50,687 | 41,079 |
Financial liabilities | 1,758,475 | 1,558,838 |
At Amortized Cost | 1,754,791 | 1,553,638 |
Deposits | 871,370 | 850,277 |
Securities sold under repurchase agreements | 293,440 | 252,848 |
Interbank market funds | 294,573 | 177,181 |
Institutional market funds | 128,757 | 139,226 |
Other financial liabilities | 166,651 | 134,106 |
Provision for Expected Loss | 3,684 | 5,200 |
Loan commitments | 2,874 | 4,433 |
Financial guarantees | R$ 810 | R$ 767 |
Provisions, contingent assets_3
Provisions, contingent assets and contingent liabilities (Details) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Opening balance | R$ 19592 | |
Closing balance | 19,475 | R$ 19592 |
Closing balance | 19,475 | 19,592 |
Legal proceedings provision [member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | 3,317 | 3,511 |
Closing balance | 3,231 | 3,317 |
(-) Provisions guaranteed by indemnity clause (Note 2.4.n) | (225) | (216) |
Subtotal | 3,092 | 3,295 |
Adjustment / Interest (Note 23) | 169 | 221 |
Changes in the period reflected in income | 903 | 820 |
Increase | 1,403 | 1,176 |
Reversal | (500) | (356) |
Payment | (1,140) | (1,244) |
Subtotal | 3,024 | 3,092 |
(+) Provisions guaranteed by indemnity clause (Note 2.4.n) | 207 | 225 |
Closing balance | 3,231 | 3,317 |
Current | 1,157 | 1,266 |
Non-current | 2,074 | 2,051 |
Labor Provision [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | 8,219 | 8,015 |
Closing balance | 8,186 | 8,219 |
(-) Provisions guaranteed by indemnity clause (Note 2.4.n) | (879) | (950) |
Subtotal | 7,340 | 7,065 |
Adjustment / Interest (Note 23) | 491 | 155 |
Changes in the period reflected in income | 2,339 | 2,652 |
Increase | 2,663 | 2,888 |
Reversal | (324) | (236) |
Payment | (2,936) | (2,532) |
Subtotal | 7,234 | 7,340 |
(+) Provisions guaranteed by indemnity clause (Note 2.4.n) | 952 | 879 |
Closing balance | 8,186 | 8,219 |
Current | 2,949 | 2,528 |
Non-current | 5,237 | 5,691 |
Miscellaneous other provisions [member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | 1,558 | 1,483 |
Closing balance | 1,844 | 1,558 |
Subtotal | 1,558 | |
Adjustment / Interest (Note 23) | 1,483 | |
Changes in the period reflected in income | 469 | 85 |
Increase | 469 | 119 |
Reversal | (34) | |
Payment | (183) | (10) |
Subtotal | 1,844 | 1,558 |
Closing balance | 1,844 | 1,558 |
Current | 605 | 429 |
Non-current | 1,239 | 1,129 |
Civil labor and other provisions [member] | ||
IfrsStatementLineItems [Line Items] | ||
Opening balance | 13,094 | 13,009 |
Closing balance | 13,261 | 13,094 |
(-) Provisions guaranteed by indemnity clause (Note 2.4.n) | (1,104) | (1,166) |
Subtotal | 11,990 | 11,843 |
Adjustment / Interest (Note 23) | 660 | 376 |
Changes in the period reflected in income | 3,711 | 3,557 |
Increase | 4,535 | 4,183 |
Reversal | (824) | (626) |
Payment | (4,259) | (3,786) |
Subtotal | 12,102 | 11,990 |
(+) Provisions guaranteed by indemnity clause (Note 2.4.n) | 1,159 | 1,104 |
Closing balance | 13,261 | 13,094 |
Current | 4,711 | 4,223 |
Non-current | R$ 8550 | R$ 8871 |
Provisions, contingent assets_4
Provisions, contingent assets and contingent liabilities (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Opening balance | R$ 19592 | ||
Closing balance | 19,475 | R$ 19592 | |
Amounts related to banking operation | 46,378 | R$ 38557 | |
INSS [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-compensatory amounts | 8,915 | ||
PIS and COFINS [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposit balance | 659 | ||
Provisions recognized for tax and social securities lawsuits | 672 | ||
Reversal of revenues from depreciation in excess | 3,370 | ||
Irpj Csll Pis And Cofins [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Funding expenses | 6,066 | ||
ISS [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Amounts related to banking operation | 5,338 | ||
IRPJ and CSLL [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Goodwill - Deduction | 3,677 | ||
Deductibility of losses in credit operations | 1,327 | ||
Deductibility of loss in loan operations | 958 | ||
IRPJ [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Goodwill amount guaranteed in purchase agreements | 2,508 | ||
Provision for taxes other than income tax [member] | |||
IfrsStatementLineItems [Line Items] | |||
Opening balance | 6,498 | 6,810 | |
(-) Provisions guaranteed by indemnity clause | (71) | (71) | |
Subtotal | 6,427 | 6,739 | |
Interest | 628 | 202 | |
Changes in the period reflected in income | (829) | (8) | |
Changes in the period reflected in income | 829 | 8 | |
Increase | 156 | 180 | |
Reversal | (985) | (172) | |
Payment | (86) | (523) | |
Subtotal | 6,140 | 6,426 | |
(+) Provisions guaranteed by indemnity clause | 74 | 72 | |
Closing balance | 6,214 | 6,498 | R$ 6810 |
Current | 4 | 10 | |
Non-current | 6,210 | R$ 6488 | |
Social Security Contributions [Member] | INSS [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-compensatory amounts | 1,935 | ||
Deposit balance | R$ 1167 |
Provisions, contingent assets_5
Provisions, contingent assets and contingent liabilities (Details 2) - Guarantees Of Contingencies Provisions And Legal Obligations [Member] - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Deposits in guarantee (Note 18a) | R$ 13001 | R$ 12264 |
Investments fund quotas | 615 | 690 |
Surety | 5,262 | 4,115 |
Insurance bond | 19,256 | 18,771 |
Guarantee by government securities | 292 | 242 |
Total | 38,426 | R$ 36082 |
Civil [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits in guarantee (Note 18a) | 1,761 | |
Investments fund quotas | 416 | |
Surety | 64 | |
Insurance bond | 1,622 | |
Total | 3,863 | |
Labour [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits in guarantee (Note 18a) | 2,044 | |
Investments fund quotas | 136 | |
Surety | 52 | |
Insurance bond | 1,461 | |
Total | 3,693 | |
Tax [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits in guarantee (Note 18a) | 9,196 | |
Investments fund quotas | 63 | |
Surety | 5,146 | |
Insurance bond | 16,173 | |
Guarantee by government securities | 292 | |
Total | R$ 30870 |
Provisions, contingent assets_6
Provisions, contingent assets and contingent liabilities (Details Narrative) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Receivables balance arising from reimbursements of contingencies | R$ 899 | R$ 888 |
Civil lawsuits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Total estimated risk | 5,087 | 4,903 |
Labor claims [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Total estimated risk | 637 | 448 |
Tax And Social Security Obligations [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Non-compensatory amounts | R$ 40958 | R$ 35855 |
Segment Informations (Details)
Segment Informations (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Operating revenues | R$ 144857 | R$ 126374 | R$ 100199 |
Interest margin | 87,211 | 75,209 | 50,053 |
Revenues from banking services and bank charges | 46,378 | 38,557 | |
Income related to insurance and private pension operations before claim and selling expenses | 5,938 | 5,354 | 4,488 |
Other revenues | 5,330 | 3,487 | 7,101 |
Cost of Credit | (27,737) | (12,779) | (24,626) |
Claims | (1,550) | (1,600) | (1,354) |
Operating margin | 115,570 | 111,995 | 74,219 |
Other operating income (expenses) | (78,037) | (69,764) | (68,989) |
Non-interest expenses | (69,164) | (62,549) | (64,207) |
Tax expenses for ISS, PIS and COFINS and Other | (9,545) | (8,379) | (6,181) |
Share of profit or (loss) in associates and joint ventures | 672 | 1,164 | 1,399 |
Income before income tax and social contribution | 37,533 | 42,231 | 5,230 |
Income tax and social contribution | (6,796) | (13,847) | 9,834 |
Non-controlling interest in subsidiaries | (1,035) | (1,624) | 3,832 |
Net income | 29,702 | 26,760 | 18,896 |
Net income | |||
Total liabilities | 2,146,097 | 1,904,730 | 1,864,726 |
Investments in associates and joint ventures | 7,443 | 6,121 | 15,570 |
Fixed assets, net | 7,767 | 6,963 | 6,937 |
Goodwill and Intangible assets, net | 23,114 | 21,110 | 17,330 |
Interest and similar income and expenses | 51,758 | 40,811 | 59,948 |
Net gains (loss) on investment securities and derivatives | 34,173 | 6,553 | 16,678 |
Results from foreign exchange operation | 1,280 | 2,689 | 1,417 |
Depreciation and amortization expenses | 5,750 | 5,064 | 5,548 |
Commissions and Banking Fees | 46,378 | 42,324 | 38,557 |
Retail Banking [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Operating revenues | 90,509 | 75,443 | 72,680 |
Interest margin | 54,881 | 43,042 | 41,818 |
Revenues from banking services and bank charges | 26,787 | 23,918 | |
Income related to insurance and private pension operations before claim and selling expenses | 8,841 | 7,232 | 6,944 |
Cost of Credit | (29,908) | (18,278) | (21,247) |
Claims | (1,538) | (1,591) | (1,345) |
Operating margin | 59,063 | 55,574 | 50,088 |
Other operating income (expenses) | (43,512) | (40,116) | (40,221) |
Non-interest expenses | (37,302) | (35,031) | (35,310) |
Tax expenses for ISS, PIS and COFINS and Other | (6,210) | (5,085) | (4,911) |
Income before income tax and social contribution | 15,551 | 15,458 | 9,867 |
Income tax and social contribution | (4,594) | (5,593) | (3,071) |
Non-controlling interest in subsidiaries | 45 | (330) | (175) |
Net income | 11,002 | 9,535 | 6,621 |
Total liabilities | 1,455,227 | 1,252,211 | 1,218,977 |
Investments in associates and joint ventures | 2,114 | 2,008 | 2,012 |
Fixed assets, net | 5,781 | 5,420 | 4,587 |
Goodwill and Intangible assets, net | 8,660 | 8,371 | 4,978 |
Commissions and Banking Fees | 25,169 | ||
Wholesale Banking [member] | |||
IfrsStatementLineItems [Line Items] | |||
Operating revenues | 49,229 | 38,228 | 32,187 |
Interest margin | 34,701 | 24,005 | 19,883 |
Revenues from banking services and bank charges | 14,143 | 11,911 | |
Income related to insurance and private pension operations before claim and selling expenses | 385 | 406 | 393 |
Cost of Credit | (2,392) | (1,956) | (8,968) |
Claims | (11) | (9) | (8) |
Operating margin | 46,826 | 36,263 | 23,211 |
Other operating income (expenses) | (19,482) | (17,743) | (16,133) |
Non-interest expenses | (17,019) | (15,699) | (14,592) |
Tax expenses for ISS, PIS and COFINS and Other | (2,463) | (2,044) | (1,541) |
Income before income tax and social contribution | 27,344 | 18,520 | 7,078 |
Income tax and social contribution | (9,076) | (6,799) | (1,893) |
Non-controlling interest in subsidiaries | (825) | (591) | 601 |
Net income | 17,443 | 11,130 | 5,786 |
Total liabilities | 1,102,834 | 945,311 | 915,253 |
Fixed assets, net | 1,282 | 997 | 806 |
Goodwill and Intangible assets, net | 9,062 | 9,557 | 9,901 |
Commissions and Banking Fees | 13,817 | ||
Market And Corporation [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Operating revenues | 2,983 | 11,930 | 9,918 |
Interest margin | 2,979 | 11,099 | 8,394 |
Revenues from banking services and bank charges | 177 | 1,401 | |
Income related to insurance and private pension operations before claim and selling expenses | (173) | (53) | 123 |
Cost of Credit | 6 | ||
Operating margin | 2,983 | 11,930 | 9,924 |
Other operating income (expenses) | (374) | (1,055) | (650) |
Non-interest expenses | (312) | (478) | (287) |
Tax expenses for ISS, PIS and COFINS and Other | (62) | (577) | (363) |
Income before income tax and social contribution | 2,609 | 10,875 | 9,274 |
Income tax and social contribution | (14) | (3,997) | (3,099) |
Non-controlling interest in subsidiaries | (254) | (664) | (46) |
Net income | 2,341 | 6,214 | 6,129 |
Total liabilities | 144,379 | 105,190 | 108,432 |
Investments in associates and joint ventures | 4,798 | 4,338 | 13,879 |
Commissions and Banking Fees | 884 | ||
Ita Unibanco SA [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Operating revenues | 142,721 | 125,601 | 114,785 |
Interest margin | 92,561 | 78,146 | 70,095 |
Revenues from banking services and bank charges | 41,107 | 37,230 | |
Income related to insurance and private pension operations before claim and selling expenses | 9,053 | 7,585 | 7,460 |
Cost of Credit | (32,300) | (20,234) | (30,209) |
Claims | (1,549) | (1,600) | (1,353) |
Operating margin | 108,872 | 103,767 | 83,223 |
Other operating income (expenses) | (63,368) | (58,914) | (57,004) |
Non-interest expenses | (54,633) | (51,208) | (50,189) |
Tax expenses for ISS, PIS and COFINS and Other | (8,735) | (7,706) | (6,815) |
Income before income tax and social contribution | 45,504 | 44,853 | 26,219 |
Income tax and social contribution | (13,684) | (16,389) | (8,063) |
Non-controlling interest in subsidiaries | (1,034) | (1,585) | 380 |
Net income | 30,786 | 26,879 | 18,536 |
Total liabilities | 2,300,224 | 2,010,442 | 1,964,880 |
Investments in associates and joint ventures | 6,912 | 6,346 | 15,891 |
Fixed assets, net | 7,063 | 6,417 | 5,393 |
Goodwill and Intangible assets, net | 17,722 | 17,928 | 14,879 |
Commissions and Banking Fees | 39,870 | ||
Adjustments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Operating revenues | 2,136 | 773 | (14,586) |
Interest margin | (5,350) | (2,937) | (20,042) |
Revenues from banking services and bank charges | 5,271 | 1,327 | |
Income related to insurance and private pension operations before claim and selling expenses | (3,115) | (2,231) | (2,972) |
Other revenues | 5,330 | 3,487 | 7,101 |
Cost of Credit | 4,563 | 7,455 | 5,583 |
Claims | (1) | (1) | |
Operating margin | 6,698 | 8,228 | (9,004) |
Other operating income (expenses) | (14,669) | (10,850) | (11,985) |
Non-interest expenses | (14,531) | (11,341) | (14,018) |
Tax expenses for ISS, PIS and COFINS and Other | (810) | (673) | 634 |
Share of profit or (loss) in associates and joint ventures | 672 | 1,164 | 1,399 |
Income before income tax and social contribution | (7,971) | (2,622) | (20,989) |
Income tax and social contribution | 6,888 | 2,542 | 17,897 |
Non-controlling interest in subsidiaries | (1) | (39) | 3,452 |
Net income | (1,084) | (119) | 360 |
Total liabilities | (154,127) | (105,712) | (100,154) |
Investments in associates and joint ventures | 531 | (225) | (321) |
Fixed assets, net | 704 | 546 | 1,544 |
Goodwill and Intangible assets, net | R$ 5392 | 3,182 | R$ 2451 |
Commissions and Banking Fees | R$ 2454 |
Segment Information (Details 1)
Segment Information (Details 1) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Non-current assets | R$ 30881 | R$ 28073 | |
Income related to financial operations | 225,726 | 144,514 | R$ 123611 |
Income related to insurance and private pension operations before claim and selling expenses | 5,938 | 5,354 | 4,488 |
Commissions and Banking Fees | R$ 46378 | 42,324 | 38,557 |
Maximum revenue percentage represented by clients | 10% | ||
Brazil [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-current assets | R$ 30230 | 21,390 | |
Income related to financial operations | 174,118 | 117,094 | 104,364 |
Income related to insurance and private pension operations before claim and selling expenses | 5,093 | 5,332 | 4,488 |
Commissions and Banking Fees | 31,928 | 37,744 | 34,624 |
Abroad [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Non-current assets | 651 | 6,683 | |
Income related to financial operations | 51,608 | 27,420 | 19,247 |
Income related to insurance and private pension operations before claim and selling expenses | 845 | 22 | |
Commissions and Banking Fees | R$ 14450 | R$ 4580 | R$ 3933 |
Related parties (Details)
Related parties (Details) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
ShortTerm Interbank Investments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | R$ 196 | R$ 84 | R$ 63 |
ShortTerm Interbank Investments [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 3,835 | 2,301 | |
Revenue / (expenses) | R$ 196 | 84 | 63 |
Annual rate | 13.40% | ||
Loan Operations [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 668 | 654 | |
Revenue / (expenses) | 78 | 35 | 56 |
Loan Operations [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 45 | 108 | |
Revenue / (expenses) | 1 | 4 | 37 |
Loan Operations [Member] | Dexco S.A. [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 623 | 546 | |
Revenue / (expenses) | R$ 77 | 31 | 19 |
Annual rate | CDI + 1.45% | ||
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 6013 | 5,397 | |
Revenue / (expenses) | 908 | 303 | 6 |
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 410 | 514 | |
Revenue / (expenses) | R$ 66 | 30 | (10) |
Annual rate | CDI + 1.35% to 3.5% | ||
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | Investment funds [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 230 | 183 | |
Revenue / (expenses) | 47 | 34 | 14 |
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | C C R S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 2,138 | ||
Revenue / (expenses) | R$ 232 | ||
Annual rate | CDI + 1.7% / 9.76% | ||
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | Copagaz Distribuidora De Gas S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 1024 | 1,082 | |
Revenue / (expenses) | R$ 150 | 71 | 1 |
Annual rate | CDI + 1.7% to 2.95% | ||
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | Itasa S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 1199 | 1,200 | |
Revenue / (expenses) | R$ 166 | 74 | 1 |
Annual rate | CDI + 2% to 2.4% | ||
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | Aguas do Rio 4 SPE S.A. [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 706 | 1,574 | |
Revenue / (expenses) | R$ 168 | 60 | |
Annual rate | CDI + 3.5% | ||
Securities And Derivative Financial Instruments Assets And Liabilities [Member] | Aegea Saneamento e Participaes S.A. [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 306 | 844 | |
Revenue / (expenses) | R$ 79 | 34 | |
Annual rate | CDI + 1.7% / 16.76% | ||
Deposit [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 2491 | (437) | |
Revenue / (expenses) | (154) | (2) | (14) |
Deposit [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (304) | (279) | |
Revenue / (expenses) | R$ 58 | (2) | (14) |
Annual rate | 75% to 101% CDI | ||
Deposit [Member] | C C R S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 2026 | ||
Revenue / (expenses) | R$ 67 | ||
Annual rate | 98% to 103% CDI | ||
Deposit [Member] | Aegea Saneamento E Participacoes S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 11 | (158) | |
Revenue / (expenses) | (28) | ||
Deposit [Member] | Alpargatas SA [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (150) | ||
Revenue / (expenses) | R$ 1 | ||
Annual rate | 101% CDI | ||
Deposits Received Under Securities Repurchase Agreements [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 19 | (6) | |
Revenue / (expenses) | (19) | (35) | |
Deposits Received Under Securities Repurchase Agreements [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (19) | (6) | |
Revenue / (expenses) | R$ 19 | (35) | |
Annual rate | 82% to 85% CDI | ||
Funds From Acceptances And Issuance Of Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | R$ 49 | ||
Revenue / (expenses) | (17) | ||
Funds From Acceptances And Issuance Of Securities [Member] | Copagaz Distribuidora De Gas S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (49) | ||
Revenue / (expenses) | R$ 2 | ||
Annual rate | 103% CDI | ||
Funds From Acceptances And Issuance Of Securities [Member] | Aegea Saneamento E Participacoes S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | R$ 15 | ||
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (136) | (273) | |
Revenue / (expenses) | (89) | (122) | 26 |
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 170 | (14) | |
Revenue / (expenses) | 9 | 4 | 3 |
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | Itasa S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (20) | (10) | |
Revenue / (expenses) | 13 | 13 | 12 |
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | Fundaocao Itau Unibanco Previdncia Complementar [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (81) | (78) | |
Revenue / (expenses) | 39 | 37 | 42 |
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | Olimpia Promocao E Servicos S A [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (4) | (5) | |
Revenue / (expenses) | (58) | (45) | |
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | FUNBEP Fundo De Penso Multipatrocinado [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (196) | (158) | |
Revenue / (expenses) | (54) | (172) | 7 |
Amounts Receivable Payable Commissions And Or Other General And Administrative Expenses [Member] | ConectCar Solues de Mobilidade Eletrnica SA [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | (5) | (8) | |
Revenue / (expenses) | (38) | (4) | 7 |
Rent [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | (32) | (37) | (31) |
Rent [Member] | Fundaocao Itau Unibanco Previdncia Complementar [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | (30) | (34) | (28) |
Rent [Member] | FUNBEP Fundo De Penso Multipatrocinado [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | (2) | (3) | (3) |
Donation [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | (1,002) | ||
Donation [Member] | Other [member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | (2) | ||
Donation [Member] | Fundacao Itau Para A Educacao E Cultura [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Revenue / (expenses) | (1,000) | ||
Sponsorship [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 28 | 12 | |
Revenue / (expenses) | (24) | (14) | (16) |
Sponsorship [Member] | Associacao Cubo Coworking Itau [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Assets / (liabilities) | 28 | 12 | |
Revenue / (expenses) | R$ 24 | R$ 14 | R$ 16 |
Related parties (Details 1)
Related parties (Details 1) - Management Members, members of the Audit Committee and the Board of Directors [Member] - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Compensation and benefits of key management personnel | R$ 1005 | R$ 797 | R$ 927 |
Fees [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compensation and benefits of key management personnel | (603) | (460) | (578) |
Employee profit sharing plan [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compensation and benefits of key management personnel | (255) | (208) | (112) |
Post employment benefits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compensation and benefits of key management personnel | (5) | (9) | (9) |
Granting of the Share-based payment [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compensation and benefits of key management personnel | R$ 142 | R$ 120 | R$ 228 |
Related parties (Details Narrat
Related parties (Details Narrative) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2020 | Dec. 31, 2021 | |
Related Parties | |||
Assets | R$ 162 | R$ 20 | R$ 100 |
Liability | 6,427 | R$ 6136 | |
Expense | R$ 16 | R$ 58 |
Risk and Capital Management (De
Risk and Capital Management (Details) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Financial Asset | ||
Financial guarantee contracts [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected credit loss | R$ 810000000 | 767,000,000 |
Loan commitments [member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected credit loss | 2,874,000,000 | 4,433,000,000 |
Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial Asset | 1,256,751,000,000 | |
Expected credit loss | (54,476,000,000) | (46,348,000,000) |
Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income [Member] | Loan And Lease Operations And Other Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 1,078,891 | |
Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income [Member] | Pessimistic Scenario [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected Increase Decrease In Expected Credit Loss | (530,000,000) | (340,000,000) |
Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income [Member] | Base Case Scenario [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected Increase Decrease In Expected Credit Loss | 198,000,000 | 163,000,000 |
Financial Assets At Amortised Cost And At Fair Value Through Other Comprehensive Income [Member] | Optimistic Scenario [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected Increase Decrease In Expected Credit Loss | R$ 530000000 | R$ 1788000000 |
Risk and Capital Management (_2
Risk and Capital Management (Details 1) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Financial Assets as of period | R$ 2056978 | R$ 1805181 |
At Amortized Cost | 1,471,244 | 1,265,390 |
Interbank deposits | 59,592 | 69,942 |
Securities purchased under agreements to resell | 221,779 | 169,718 |
Securities | 219,315 | 147,746 |
Loan operations and lease operations | 909,422 | 822,590 |
Other financial assets | 111,823 | 96,473 |
(-) Provision for Expected Loss | (50,687) | (41,079) |
At Fair Value Through Other Comprehensive Income | 121,052 | 105,622 |
Securities | 121,052 | 105,622 |
At Fair Value Through Profit or Loss | 464,682 | 434,169 |
Securities | 385,099 | 364,967 |
Derivatives | 78,208 | 69,045 |
Other financial assets | 1,375 | 157 |
Financial liabilities - provision for expected loss | 3,684 | 5,200 |
Loan Commitments | 2,874 | 4,433 |
Financial Guarantees | 810 | 767 |
Off balance sheet | 544,377 | 519,698 |
Credit risk exposure | 2,597,671 | 2,319,679 |
Financial Guarantees Provided [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 91,779 | 82,910 |
Letters Of Credit To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 47,354 | 45,773 |
Commitments To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 405,244 | 391,015 |
Commitments To Be Released [Member] | Mortgage loans [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 15,423 | 10,709 |
Commitments To Be Released [Member] | Overdraft Accounts [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 157,408 | 147,878 |
Commitments To Be Released [Member] | Credit Cards [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 181,412 | 180,224 |
Commitments To Be Released [Member] | Other Pre Approved Limits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 51,001 | 52,204 |
Brazil [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial Assets as of period | 1,545,701 | 1,319,532 |
At Amortized Cost | 1,120,797 | 914,776 |
Interbank deposits | 18,955 | 17,795 |
Securities purchased under agreements to resell | 218,339 | 159,974 |
Securities | 191,947 | 125,875 |
Loan operations and lease operations | 636,836 | 562,646 |
Other financial assets | 97,995 | 81,398 |
(-) Provision for Expected Loss | (43,275) | (32,912) |
At Fair Value Through Other Comprehensive Income | 48,438 | 44,648 |
Securities | 48,438 | 44,648 |
At Fair Value Through Profit or Loss | 376,466 | 360,108 |
Securities | 364,039 | 343,339 |
Derivatives | 11,052 | 16,612 |
Other financial assets | 1,375 | 157 |
Financial liabilities - provision for expected loss | 3,040 | 4,543 |
Loan Commitments | 2,622 | 4,115 |
Financial Guarantees | 418 | 428 |
Off balance sheet | 472,372 | 446,267 |
Credit risk exposure | 2,015,033 | 1,761,256 |
Brazil [Member] | Financial Guarantees Provided [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 71,524 | 62,548 |
Brazil [Member] | Letters Of Credit To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 45,773 | |
Brazil [Member] | Commitments To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 353,494 | 337,946 |
Brazil [Member] | Commitments To Be Released [Member] | Mortgage loans [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 15,423 | 10,709 |
Brazil [Member] | Commitments To Be Released [Member] | Overdraft Accounts [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 157,408 | 147,878 |
Brazil [Member] | Commitments To Be Released [Member] | Credit Cards [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 177,658 | 176,384 |
Brazil [Member] | Commitments To Be Released [Member] | Other Pre Approved Limits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 3,005 | 2,975 |
Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial Assets as of period | 511,277 | 485,649 |
At Amortized Cost | 350,447 | 350,614 |
Interbank deposits | 40,637 | 52,147 |
Securities purchased under agreements to resell | 3,440 | 9,744 |
Securities | 27,368 | 21,871 |
Loan operations and lease operations | 272,586 | 259,944 |
Other financial assets | 13,828 | 15,075 |
(-) Provision for Expected Loss | (7,412) | (8,167) |
At Fair Value Through Other Comprehensive Income | 72,614 | 60,974 |
Securities | 72,614 | 60,974 |
At Fair Value Through Profit or Loss | 88,216 | 74,061 |
Securities | 21,060 | 21,628 |
Derivatives | 67,156 | 52,433 |
Financial liabilities - provision for expected loss | 644 | 657 |
Loan Commitments | 252 | 318 |
Financial Guarantees | 392 | 339 |
Off balance sheet | 72,005 | 73,431 |
Credit risk exposure | 582,638 | 558,423 |
Foreign countries [member] | Financial Guarantees Provided [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 20,255 | 20,362 |
Foreign countries [member] | Commitments To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 51,750 | 53,069 |
Foreign countries [member] | Commitments To Be Released [Member] | Credit Cards [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | 3,754 | 3,840 |
Foreign countries [member] | Commitments To Be Released [Member] | Other Pre Approved Limits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Off balance sheet | R$ 47996 | R$ 49229 |
Risk and Capital Management (_3
Risk and Capital Management (Details 2) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 909422 | R$ 822590 |
Loan operations and lease operations percentage | 100% | 100% |
Industry and commerce [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 197351 | R$ 190491 |
Loan operations and lease operations percentage | 21.70% | 23.10% |
Services [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 177180 | R$ 173332 |
Loan operations and lease operations percentage | 19.50% | 21.10% |
Other sectors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 37072 | R$ 37652 |
Loan operations and lease operations percentage | 4.10% | 4.60% |
Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 497819 | R$ 421115 |
Loan operations and lease operations percentage | 54.70% | 51.20% |
Risk and Capital Management (_4
Risk and Capital Management (Details 3) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Other financial assets | R$ 1085045 | R$ 932840 |
Other financial assets percentage | 100% | 100% |
Public sector [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets | R$ 691964 | R$ 580619 |
Other financial assets percentage | 63.80% | 6,220% |
Services [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets | R$ 167176 | R$ 150831 |
Other financial assets percentage | 15.40% | 16.20% |
Other sectors [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets | R$ 119436 | R$ 83521 |
Other financial assets percentage | 11% | 9% |
Financial [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets | R$ 106469 | R$ 117869 |
Other financial assets percentage | 9.80% | 12.60% |
Risk and Capital Management (_5
Risk and Capital Management (Details 4) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 909422 | R$ 822590 |
Percentage of loan operations and lease operations portfolio | 100% | 100% |
Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 139268 | R$ 135034 |
Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 164,896 | 149,970 |
Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 205,155 | 205,050 |
Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 763,552 | 702,164 |
Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 86702 | R$ 69906 |
Percentage of loan operations and lease operations portfolio | 9.50% | 8.50% |
Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 59168 | R$ 50520 |
Percentage of loan operations and lease operations portfolio | 6.50% | 6.10% |
Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 763552 | R$ 702164 |
Percentage of loan operations and lease operations portfolio | 84% | 85.40% |
Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 1406445 | R$ 1296515 |
Percentage of loan operations and lease operations portfolio | 100% | 100% |
Stage One [member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 232368 | R$ 214581 |
Stage One [member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 261,032 | 234,049 |
Stage One [member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 269,670 | 272,035 |
Stage One [member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 1,243,714 | 1,143,548 |
Stage One [member] | Stage One Loan [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 223,267 | 204,830 |
Stage One [member] | Stage One Loan [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 236,760 | 203,318 |
Stage One [member] | Stage One Loan [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 243,970 | 243,124 |
Stage One [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 100149 | R$ 98651 |
Percentage of loan operations and lease operations portfolio | 100% | 100% |
Stage One [member] | Stage Two [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 1377 | R$ 2335 |
Stage One [member] | Stage Two [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 13,908 | 21,702 |
Stage One [member] | Stage Two [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 16,686 | 15,723 |
Stage One [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 62582 | R$ 54316 |
Percentage of loan operations and lease operations portfolio | 100% | 100% |
Stage One [member] | Stage three [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 7724 | R$ 7416 |
Stage One [member] | Stage three [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 10,364 | 9,029 |
Stage One [member] | Stage three [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 9014 | R$ 13188 |
Stage One [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of loan operations and lease operations portfolio | 100% | 100% |
Stage One [member] | Loan Operations [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 909422 | R$ 822590 |
Percentage of loan operations and lease operations portfolio | 64.70% | 63.40% |
Stage One [member] | Loan Operations [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 205155 | R$ 205050 |
Stage One [member] | Loan Operations [Member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of loan operations and lease operations portfolio | 61.40% | 61.40% |
Stage One [member] | Loan Operations [Member] | Stage One Loan [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 133205 | R$ 128519 |
Stage One [member] | Loan Operations [Member] | Stage One Loan [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 142,621 | 124,555 |
Stage One [member] | Loan Operations [Member] | Stage One Loan [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 182516 | R$ 178719 |
Stage One [member] | Loan Operations [Member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of loan operations and lease operations portfolio | 86.60% | 70.90% |
Stage One [member] | Loan Operations [Member] | Stage Two [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 901 | R$ 1600 |
Stage One [member] | Loan Operations [Member] | Stage Two [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 12,299 | 16,749 |
Stage One [member] | Loan Operations [Member] | Stage Two [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 13863 | R$ 13389 |
Stage One [member] | Loan Operations [Member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of loan operations and lease operations portfolio | 94.50% | 93% |
Stage One [member] | Loan Operations [Member] | Stage three [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 5162 | R$ 4915 |
Stage One [member] | Loan Operations [Member] | Stage three [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 9,976 | 8,666 |
Stage One [member] | Loan Operations [Member] | Stage three [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 8,776 | 12,942 |
Stage One [member] | Commitments To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 405244 | R$ 391015 |
Percentage of loan operations and lease operations portfolio | 28.80% | 30.20% |
Stage One [member] | Commitments To Be Released [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 29896 | R$ 24105 |
Stage One [member] | Commitments To Be Released [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 86,378 | 76,203 |
Stage One [member] | Commitments To Be Released [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 46,210 | 48,337 |
Stage One [member] | Commitments To Be Released [Member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 393010 | R$ 362630 |
Percentage of loan operations and lease operations portfolio | 31.60% | 31.70% |
Stage One [member] | Commitments To Be Released [Member] | Stage One Loan [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 29853 | R$ 23882 |
Stage One [member] | Commitments To Be Released [Member] | Stage One Loan [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 84,619 | 71,158 |
Stage One [member] | Commitments To Be Released [Member] | Stage One Loan [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 44,542 | 46,629 |
Stage One [member] | Commitments To Be Released [Member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 11608 | R$ 27367 |
Percentage of loan operations and lease operations portfolio | 11.60% | 27.70% |
Stage One [member] | Commitments To Be Released [Member] | Stage Two [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 32 | R$ 200 |
Stage One [member] | Commitments To Be Released [Member] | Stage Two [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 1,494 | 4,823 |
Stage One [member] | Commitments To Be Released [Member] | Stage Two [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 1,544 | 1,621 |
Stage One [member] | Commitments To Be Released [Member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 626 | R$ 1018 |
Percentage of loan operations and lease operations portfolio | 1% | 1.90% |
Stage One [member] | Commitments To Be Released [Member] | Stage three [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 11 | R$ 23 |
Stage One [member] | Commitments To Be Released [Member] | Stage three [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 265 | 222 |
Stage One [member] | Commitments To Be Released [Member] | Stage three [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 124 | 87 |
Stage One [member] | Financial guarantee contracts [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 91779 | R$ 82910 |
Percentage of loan operations and lease operations portfolio | 6.50% | 6.40% |
Stage One [member] | Financial guarantee contracts [member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 63204 | R$ 55442 |
Stage One [member] | Financial guarantee contracts [member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 9,758 | 7,876 |
Stage One [member] | Financial guarantee contracts [member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 18,305 | 18,648 |
Stage One [member] | Financial guarantee contracts [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 1839 | R$ 1378 |
Percentage of loan operations and lease operations portfolio | 1.80% | 1.40% |
Stage One [member] | Financial guarantee contracts [member] | Stage Two [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 444 | R$ 535 |
Stage One [member] | Financial guarantee contracts [member] | Stage Two [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 115 | 130 |
Stage One [member] | Financial guarantee contracts [member] | Stage Two [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 1,279 | 713 |
Stage One [member] | Financial guarantee contracts [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 2788 | R$ 2778 |
Percentage of loan operations and lease operations portfolio | 4.50% | 5.10% |
Stage One [member] | Financial guarantee contracts [member] | Stage three [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 2551 | R$ 2478 |
Stage One [member] | Financial guarantee contracts [member] | Stage three [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 123 | 141 |
Stage One [member] | Financial guarantee contracts [member] | Stage three [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 114 | 159 |
Stage One [member] | Financial Guarantees [Member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 87152 | R$ 78754 |
Percentage of loan operations and lease operations portfolio | 7% | 6.90% |
Stage One [member] | Financial Guarantees [Member] | Stage One Loan [Member] | Loans to corporate entities [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 60209 | R$ 52429 |
Stage One [member] | Financial Guarantees [Member] | Stage One Loan [Member] | Micro Small And Medium Companies [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 9,520 | 7,605 |
Stage One [member] | Financial Guarantees [Member] | Stage One Loan [Member] | Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 16,912 | 17,776 |
Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 400,103 | 332,536 |
Individuals [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 643,375 | 575,850 |
Individuals [member] | Stage One [member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 539,717 | 492,276 |
Individuals [member] | Stage One [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 68,178 | 58,891 |
Individuals [member] | Stage One [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 35,480 | 24,683 |
Individuals [member] | Stage One [member] | Loan Operations [Member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 305,210 | 270,371 |
Individuals [member] | Stage One [member] | Loan Operations [Member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 59,639 | 38,168 |
Individuals [member] | Stage One [member] | Loan Operations [Member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 35,254 | 23,997 |
Individuals [member] | Stage One [member] | Commitments To Be Released [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 242,760 | 242,370 |
Individuals [member] | Stage One [member] | Commitments To Be Released [Member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 233,996 | 220,961 |
Individuals [member] | Stage One [member] | Commitments To Be Released [Member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 8,538 | 20,723 |
Individuals [member] | Stage One [member] | Commitments To Be Released [Member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 226 | 686 |
Individuals [member] | Stage One [member] | Financial guarantee contracts [member] | Stage One Loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 511 | 944 |
Individuals [member] | Stage One [member] | Financial Guarantees [Member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 512 | R$ 944 |
Individuals [member] | Stage Two [Member] | Financial guarantee contracts [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 1 |
Risk and Capital Management (_6
Risk and Capital Management (Details 5) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 909422 | R$ 822590 |
Percentage of loan operations and lease operations portfolio | 100% | 100% |
Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 768126 | R$ 704867 |
Medium [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 71,603 | 58,219 |
Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 10,525 | 8,984 |
Credit Impaired [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 59,168 | 50,520 |
Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 763552 | R$ 702164 |
Percentage of loan operations and lease operations portfolio | 84% | 85.40% |
Stage One [member] | Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 705625 | R$ 662839 |
Stage One [member] | Medium [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 57,508 | 38,980 |
Stage One [member] | Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 419 | 345 |
Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 86702 | R$ 69906 |
Percentage of loan operations and lease operations portfolio | 9.50% | 8.50% |
Stage Two [Member] | Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 62501 | R$ 42028 |
Stage Two [Member] | Medium [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 14,095 | 19,239 |
Stage Two [Member] | Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | 10,106 | 8,639 |
Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 59168 | R$ 50520 |
Percentage of loan operations and lease operations portfolio | 6.50% | 6.10% |
Stage three [Member] | Credit Impaired [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Loan operations and lease operations portfolio | R$ 59168 | R$ 50520 |
Risk and Capital Management (_7
Risk and Capital Management (Details 6) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | R$ 1085045 | R$ 932840 |
At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 723,428,000,000 | 616,387,000,000 |
At fair value [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 715,215,000,000 | 595,456,000,000 |
At fair value [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 7,771,000,000 | 18,014,000,000 |
At fair value [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 442,000,000 | 2,917,000,000 |
At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 727,141,000,000 | 601,354,000,000 |
At cost [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 8,818,000,000 | 18,615,000,000 |
At cost [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 2,389,000,000 | 4,993,000,000 |
Investment funds [member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 32,491,000,000 | 20,139,000,000 |
Investment funds [member] | At fair value [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 27,140,000,000 | 4,914,000,000 |
Investment funds [member] | At fair value [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 5,259,000,000 | 15,225,000,000 |
Investment funds [member] | At fair value [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 92,000,000 | |
Investment funds [member] | At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 27,660,000,000 | 4,906,000,000 |
Investment funds [member] | At cost [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 5,259,000,000 | 15,224,000,000 |
Investment funds [member] | At cost [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 92,000,000 | |
Brazilian government securities [member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 479,834,000,000 | 423,085,000,000 |
Brazilian government securities [member] | At fair value [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 479,834,000,000 | 423,085,000,000 |
Brazilian government securities [member] | At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 483,476,000,000 | 426,959,000,000 |
Brazilian external debt bonds [Member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 394,675,000,000 | 362,449,000,000 |
Brazilian external debt bonds [Member] | At fair value [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 394,675,000,000 | 362,449,000,000 |
Brazilian external debt bonds [Member] | At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 397,793,000,000 | 365,947,000,000 |
Other Public [Member] | At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 36,000,000 | 36,000,000 |
Government Securities [member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 85,159,000,000 | 60,636,000,000 |
Government Securities [member] | At fair value [member] | Argentina [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,453,000,000 | 1,335,000,000 |
Government Securities [member] | At fair value [member] | United States [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 9,665,000,000 | 7,189,000,000 |
Government Securities [member] | At fair value [member] | Israel [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 860,000,000 | |
Government Securities [member] | At fair value [member] | Mexico [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 14,010,000,000 | 12,413,000,000 |
Government Securities [member] | At fair value [member] | Korea [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 10,363,000,000 | 5,604,000,000 |
Government Securities [member] | At fair value [member] | Chile [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 24,681,000,000 | 21,399,000,000 |
Government Securities [member] | At fair value [member] | Paraguay [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,463,000,000 | 1,469,000,000 |
Government Securities [member] | At fair value [member] | Uruguay [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 1,182,000,000 | 1,258,000,000 |
Government Securities [member] | At fair value [member] | Colombia [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,151,000,000 | 3,830,000,000 |
Government Securities [member] | At fair value [member] | Peru [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 6,000,000 | 8,000,000 |
Government Securities [member] | At fair value [member] | Switzerland [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 4,403,000,000 | |
Government Securities [member] | At fair value [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 85,159,000,000 | 60,636,000,000 |
Government Securities [member] | At fair value [member] | Stage One [member] | Spain [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 9,922,000,000 | 6,131,000,000 |
Government Securities [member] | At fair value [member] | Stage One [member] | Korea [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 10,363,000,000 | 5,604,000,000 |
Government Securities [member] | At fair value [member] | Stage One [member] | Paraguay [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,463,000,000 | 1,469,000,000 |
Government Securities [member] | At fair value [member] | Stage One [member] | Colombia [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,151,000,000 | 3,830,000,000 |
Government Securities [member] | At fair value [member] | Stage One [member] | Peru [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 6,000,000 | 8,000,000 |
Government Securities [member] | At fair value [member] | Stage One [member] | Switzerland [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 4,403,000,000 | |
Government Securities [member] | At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 85,647,000,000 | 60,976,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Argentina [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,460,000,000 | 1,310,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | United States [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 9,716,000,000 | 7,226,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Israel [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 852,000,000 | |
Government Securities [member] | At cost [member] | Stage One [member] | Mexico [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 14,021,000,000 | 12,424,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Spain [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 9,924,000,000 | 6,132,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Korea [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 10,365,000,000 | 5,604,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Chile [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 24,811,000,000 | 21,552,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Paraguay [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,461,000,000 | 1,526,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Uruguay [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 1,185,000,000 | 1,256,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Colombia [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,430,000,000 | 3,938,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Peru [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 7,000,000 | 8,000,000 |
Government Securities [member] | At cost [member] | Stage One [member] | Switzerland [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 4,415,000,000 | |
Corporates Debt Securities [Member] | At fair value [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 211,103,000,000 | 173,163,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 28,896,000,000 | 12,744,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 7,214,000,000 | 4,999,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 1,172,000,000 | 390,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 110,075,000,000 | 103,659,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Eurobonds And Other [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 8,770,000,000 | 10,206,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Financial bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 19,504,000,000 | 10,168,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Promissory And Commercial Notes [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 11,250,000,000 | 8,901,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 24,222,000,000 | 22,096,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 208,241,000,000 | 167,457,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 28,618,000,000 | 12,597,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 7,214,000,000 | 4,999,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 1,172,000,000 | 390,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 108,140,000,000 | 98,867,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Eurobonds And Other [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 8,770,000,000 | 10,194,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Financial bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 19,504,000,000 | 10,168,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Promissory And Commercial Notes [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 11,250,000,000 | 8,901,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage One [member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 23,573,000,000 | 21,341,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 2,512,000,000 | 2,789,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage Two [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 262,000,000 | 121,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage Two [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 1,610,000,000 | 1,923,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage Two [Member] | Eurobonds And Other [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 12,000,000 | |
Corporates Debt Securities [Member] | At fair value [member] | Stage Two [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 640,000,000 | 733,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 350,000,000 | 2,917,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage three [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 16,000,000 | 26,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage three [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 325,000,000 | 2,869,000,000 |
Corporates Debt Securities [Member] | At fair value [member] | Stage three [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 9,000,000 | 22,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 216,005,000,000 | 169,489,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 28,670,000,000 | 12,474,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Real Estate Receivables Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 7,318,000,000 | 5,063,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Bank Deposit Certificates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 1,172,000,000 | 392,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 110,732,000,000 | 99,438,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Eurobonds And Other [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 9,035,000,000 | 10,236,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Financial bills [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 19,535,000,000 | 10,185,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Promissory And Commercial Notes [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 11,251,000,000 | 8,874,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage One [member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 28,292,000,000 | 22,827,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage Two [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 3,559,000,000 | 3,391,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage Two [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 287,000,000 | 146,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage Two [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 2,470,000,000 | 2,383,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage Two [Member] | Eurobonds And Other [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 12,000,000 | |
Corporates Debt Securities [Member] | At cost [member] | Stage Two [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 802,000,000 | 850,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 2,297,000,000 | 4,993,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage three [Member] | Rural Product Note [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 29,000,000 | 38,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage three [Member] | Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | 2,037,000,000 | 4,704,000,000 |
Corporates Debt Securities [Member] | At cost [member] | Stage three [Member] | Other [member] | ||
IfrsStatementLineItems [Line Items] | ||
Maximum exposure of other financial assets | R$ 231000000 | R$ 251000000 |
Risk and Capital Management (_8
Risk and Capital Management (Details 7) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 1085045 | R$ 932840 |
Other financial assets, individually evaluated, classified by rating, percentage | 100% | 100% |
Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 1078395 | R$ 924209 |
Satisfactory risk[member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 5,995 | 7,618 |
Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 655 | 1,013 |
Interbank deposits and securities purchased under agreements to resell [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 281371 | R$ 245460 |
Other financial assets, individually evaluated, classified by rating, percentage | 25.90% | 26.40% |
Interbank deposits and securities purchased under agreements to resell [member] | Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 281371 | R$ 245442 |
Interbank deposits and securities purchased under agreements to resell [member] | Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 18 | |
Financial assets at fair value through profit or loss [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 219315 | R$ 147746 |
Other financial assets, individually evaluated, classified by rating, percentage | 20.20% | 15.80% |
Financial assets at fair value through profit or loss [member] | Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 214894 | R$ 142416 |
Financial assets at fair value through profit or loss [member] | Satisfactory risk[member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 3,816 | 4,399 |
Financial assets at fair value through profit or loss [member] | Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 605 | 931 |
Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 463307 | R$ 434012 |
Other financial assets, individually evaluated, classified by rating, percentage | 42.70% | 46.50% |
Financial assets at fair value through profit or loss, category [member] | Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 461153 | R$ 430729 |
Financial assets at fair value through profit or loss, category [member] | Satisfactory risk[member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 2,104 | 3,219 |
Financial assets at fair value through profit or loss, category [member] | Higher risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | 50 | 64 |
Financial assets available-for-sale, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 121052 | R$ 105622 |
Other financial assets, individually evaluated, classified by rating, percentage | 11.20% | 11.30% |
Financial assets available-for-sale, category [member] | Lower risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 120977 | R$ 105622 |
Financial assets available-for-sale, category [member] | Satisfactory risk[member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial assets, individually evaluated, classified by rating | R$ 75 |
Risk and Capital Management (_9
Risk and Capital Management (Details 8) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | R$ 490420 | R$ 452496 |
Fair value of collateral | 1,269,860 | 1,247,022 |
Carrying value of the assets | 56,297 | 43,232 |
Fair value of collateral | 43,535 | 31,992 |
Micro Small and Medium Companies and Corporates [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | 173,007 | 170,334 |
Fair value of collateral | 614,178 | 634,871 |
Carrying value of the assets | 41,395 | 32,436 |
Fair value of collateral | 36,233 | 26,933 |
Foreign Loans [Member] | Foreign countries [member] | ||
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | 175,517 | 168,968 |
Fair value of collateral | 319,085 | 330,020 |
Carrying value of the assets | 11,817 | 9,782 |
Fair value of collateral | 4,441 | 4,152 |
Individuals [member] | ||
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | 141,896 | 113,194 |
Fair value of collateral | 336,597 | 282,131 |
Carrying value of the assets | 3,085 | 1,014 |
Fair value of collateral | 2,861 | 907 |
Individuals [member] | Vehicles [member] | ||
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | 29,613 | 26,941 |
Fair value of collateral | 70,901 | 68,275 |
Carrying value of the assets | 1,610 | 368 |
Fair value of collateral | 1,463 | 318 |
Individuals [member] | Personal loan [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | 2,971 | 2,436 |
Fair value of collateral | 11,106 | 8,338 |
Carrying value of the assets | 1,469 | 639 |
Fair value of collateral | 1,394 | 583 |
Individuals [member] | Mortgages [member] | ||
IfrsStatementLineItems [Line Items] | ||
Carrying value of the assets | 109,312 | 83,817 |
Fair value of collateral | 254,590 | 205,518 |
Carrying value of the assets | 6 | 7 |
Fair value of collateral | R$ 4 | R$ 6 |
Risk and Capital Management _10
Risk and Capital Management (Details 9) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Risk factor group | R$ 734 | R$ 696 |
Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 1,160 | 1,257 |
Currency risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 26 | 13 |
Equity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 65 | 24 |
Commodity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 10 | 4 |
Risk diversification effect [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | (527) | (602) |
Average [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 678 | 441 |
Average [Member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 1,102 | 937 |
Average [Member] | Currency risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 26 | 18 |
Average [Member] | Equity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 27 | 42 |
Average [Member] | Commodity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 4 | 4 |
Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 494 | 198 |
Bottom of range [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 885 | 425 |
Bottom of range [member] | Currency risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 9 | 10 |
Bottom of range [member] | Equity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 18 | 17 |
Bottom of range [member] | Commodity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 2 | 1 |
Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 1,172 | 707 |
Top of range [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 1,751 | 1,411 |
Top of range [member] | Currency risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 55 | 37 |
Top of range [member] | Equity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | 65 | 98 |
Top of range [member] | Commodity price risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk factor group | R$ 10 | R$ 8 |
Risk and Capital Management _11
Risk and Capital Management (Details 10) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Financial assets | R$ 2172726 | R$ 1915573 |
Amortized cost | 1,586,992 | 1,375,782 |
Central Bank compulsory deposits | 115,748 | 110,392 |
Interbank deposits | 59,592 | 69,942 |
Securities purchased under agreements to resell | 221,779 | 169,718 |
Loan and lease operations | 909,422 | 822,590 |
At Fair Value Through Other Comprehensive Income | 121,052 | 105,622 |
At Fair Value Through Profit or Loss | 464,682 | 434,169 |
Derivatives | 78,208 | 69,045 |
Other financial assets | 111,823 | 96,473 |
Financial liabilities | 1,836,690 | 1,621,786 |
Deposits | 871,438 | 850,372 |
Securities sold under repurchase agreements | 293,440 | 252,848 |
Interbank market debts | 294,587 | 177,145 |
Derivatives | 76,861 | 63,204 |
Structured notes | 64 | 114 |
Other financial liabilities | 583 | 161 |
Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Other financial liabilities | 166,651 | 134,106 |
Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 2,096,395 | 1,840,404 |
Central Bank compulsory deposits | 102,600 | 92,580 |
At Fair Value Through Other Comprehensive Income | 121,052 | 105,622 |
Financial liabilities | 1,669,671 | 1,485,727 |
Interest rate risk [member] | Financial liabilities at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 1,592,163 | 1,422,248 |
Deposits | 871,438 | 850,372 |
Securities sold under repurchase agreements | 293,440 | 252,848 |
Interbank market debts | 294,587 | 177,145 |
Institutional market debts | 129,382 | 138,636 |
Premium bonds plans | 3,316 | 3,247 |
Interest rate risk [member] | Financials Liabilities At Fair Value Through Profit Or Loss Category [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 77,508 | 63,479 |
Interest rate risk [member] | Financial liabilities at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 76,861 | 63,204 |
Structured notes | 64 | 114 |
Other financial liabilities | 583 | 161 |
Difference asset/ liability (2) | 426,724 | 354,677 |
Interest rate risk [member] | Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 1,510,661 | 1,300,613 |
Interbank deposits | 59,586 | 69,934 |
Securities purchased under agreements to resell | 221,776 | 169,711 |
Securities | 217,277 | 145,798 |
Loan and lease operations | 909,422 | 822,590 |
Interest rate risk [member] | Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities | 385,099 | 364,967 |
At Fair Value Through Profit or Loss | 464,682 | 434,169 |
Derivatives | 78,208 | 69,045 |
Other financial assets | 1,375 | 157 |
Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 22,572 | 15,492 |
Not later than one month [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 604,311 | 457,279 |
Central Bank compulsory deposits | 102,600 | 92,580 |
At Fair Value Through Other Comprehensive Income | 35,573 | 10,420 |
Financial liabilities | 651,532 | 660,751 |
Cumulative difference | R$ 47221 | R$ 203472 |
Ratio of cumulative difference to total interest-bearing assets | (2.30%) | (11.10%) |
Not later than one month [member] | Interest rate risk [member] | Financial liabilities at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | R$ 643530 | R$ 653598 |
Deposits | 360,548 | 402,930 |
Securities sold under repurchase agreements | 264,284 | 239,843 |
Interbank market debts | 12,918 | 9,976 |
Institutional market debts | 5,379 | 439 |
Premium bonds plans | 401 | 410 |
Not later than one month [member] | Interest rate risk [member] | Financials Liabilities At Fair Value Through Profit Or Loss Category [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 8,002 | 7,153 |
Not later than one month [member] | Interest rate risk [member] | Financial liabilities at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 8,002 | 7,153 |
Difference asset/ liability (2) | (47,221) | (203,472) |
Not later than one month [member] | Interest rate risk [member] | Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 464,682 | 395,256 |
Interbank deposits | 40,782 | 51,138 |
Securities purchased under agreements to resell | 177,458 | 142,405 |
Securities | 15,933 | 4,427 |
Loan and lease operations | 127,909 | 104,706 |
Not later than one month [member] | Interest rate risk [member] | Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities | 81,484 | 36,111 |
At Fair Value Through Profit or Loss | 104,056 | 51,603 |
Derivatives | 22,572 | 15,492 |
Later than one month and not later than six months [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 374,530 | 294,051 |
At Fair Value Through Other Comprehensive Income | 13,223 | 9,286 |
Financial liabilities | 177,388 | 127,205 |
Cumulative difference | R$ 149921 | R$ 36626 |
Ratio of cumulative difference to total interest-bearing assets | 7.20% | (2.00%) |
Later than one month and not later than six months [member] | Interest rate risk [member] | Financial liabilities at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | R$ 160422 | R$ 110994 |
Deposits | 75,395 | 52,259 |
Securities sold under repurchase agreements | 5,698 | 2,627 |
Interbank market debts | 67,034 | 46,610 |
Institutional market debts | 11,800 | 9,045 |
Premium bonds plans | 495 | 453 |
Later than one month and not later than six months [member] | Interest rate risk [member] | Financials Liabilities At Fair Value Through Profit Or Loss Category [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 16,966 | 16,211 |
Later than one month and not later than six months [member] | Interest rate risk [member] | Financial liabilities at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 16,950 | 16,174 |
Structured notes | 1 | |
Other financial liabilities | 15 | 37 |
Difference asset/ liability (2) | 197,142 | 166,846 |
Later than one month and not later than six months [member] | Interest rate risk [member] | Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 314,721 | 258,580 |
Interbank deposits | 8,207 | 7,050 |
Securities purchased under agreements to resell | 44,221 | 26,532 |
Securities | 19,075 | 12,884 |
Loan and lease operations | 243,218 | 212,114 |
Later than one month and not later than six months [member] | Interest rate risk [member] | Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities | 39,344 | 13,872 |
At Fair Value Through Profit or Loss | 46,586 | 26,185 |
Derivatives | 7,215 | 12,292 |
Other financial assets | 27 | 21 |
Later than six months and not later than one year [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 208,849 | 193,279 |
At Fair Value Through Other Comprehensive Income | 6,609 | 6,722 |
Financial liabilities | 142,668 | 107,515 |
Cumulative difference | R$ 216102 | R$ 49138 |
Ratio of cumulative difference to total interest-bearing assets | 10.30% | 2.70% |
Later than six months and not later than one year [member] | Interest rate risk [member] | Financial liabilities at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | R$ 125266 | R$ 99753 |
Deposits | 62,860 | 38,563 |
Securities sold under repurchase agreements | 816 | 725 |
Interbank market debts | 57,476 | 41,520 |
Institutional market debts | 3,552 | 18,422 |
Premium bonds plans | 562 | 523 |
Later than six months and not later than one year [member] | Interest rate risk [member] | Financials Liabilities At Fair Value Through Profit Or Loss Category [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 17,402 | 7,762 |
Later than six months and not later than one year [member] | Interest rate risk [member] | Financial liabilities at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 17,164 | 7,625 |
Structured notes | 1 | 16 |
Other financial liabilities | 237 | 121 |
Difference asset/ liability (2) | 66,181 | 85,764 |
Later than six months and not later than one year [member] | Interest rate risk [member] | Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 167,134 | 152,270 |
Interbank deposits | 7,683 | 5,861 |
Securities purchased under agreements to resell | 47 | |
Securities | 26,632 | 27,858 |
Loan and lease operations | 132,772 | 118,551 |
Later than six months and not later than one year [member] | Interest rate risk [member] | Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities | 26,454 | 28,532 |
At Fair Value Through Profit or Loss | 35,106 | 34,287 |
Derivatives | 8,362 | 5,632 |
Other financial assets | 290 | 123 |
Later than one year and not later than five years [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 633,741 | 642,495 |
At Fair Value Through Other Comprehensive Income | 47,249 | 63,256 |
Financial liabilities | 585,754 | 361,399 |
Cumulative difference | R$ 264089 | R$ 330234 |
Ratio of cumulative difference to total interest-bearing assets | 12.60% | 17.90% |
Later than one year and not later than five years [member] | Interest rate risk [member] | Financial liabilities at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | R$ 563338 | R$ 340944 |
Deposits | 360,225 | 220,822 |
Securities sold under repurchase agreements | 16,223 | 5,659 |
Interbank market debts | 148,390 | 69,043 |
Institutional market debts | 36,642 | 43,559 |
Premium bonds plans | 1,858 | 1,861 |
Later than one year and not later than five years [member] | Interest rate risk [member] | Financials Liabilities At Fair Value Through Profit Or Loss Category [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 22,416 | 20,455 |
Later than one year and not later than five years [member] | Interest rate risk [member] | Financial liabilities at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 22,278 | 20,404 |
Structured notes | 18 | 48 |
Other financial liabilities | 120 | 3 |
Difference asset/ liability (2) | 47,987 | 281,096 |
Later than one year and not later than five years [member] | Interest rate risk [member] | Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 392,172 | 345,538 |
Interbank deposits | 2,800 | 5,669 |
Securities purchased under agreements to resell | 403 | |
Securities | 107,906 | 69,965 |
Loan and lease operations | 281,466 | 269,501 |
Later than one year and not later than five years [member] | Interest rate risk [member] | Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities | 169,113 | 212,911 |
At Fair Value Through Profit or Loss | 194,320 | 233,701 |
Derivatives | 24,834 | 20,777 |
Other financial assets | 373 | 13 |
Later than five years [member] | Interest rate risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial assets | 274,964 | 253,300 |
At Fair Value Through Other Comprehensive Income | 18,398 | 15,938 |
Financial liabilities | 112,329 | 228,857 |
Cumulative difference | R$ 426724 | R$ 354677 |
Ratio of cumulative difference to total interest-bearing assets | 20.40% | 19.30% |
Later than five years [member] | Interest rate risk [member] | Financial liabilities at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | R$ 99607 | R$ 216959 |
Deposits | 12,410 | 135,798 |
Securities sold under repurchase agreements | 6,419 | 3,994 |
Interbank market debts | 8,769 | 9,996 |
Institutional market debts | 72,009 | 67,171 |
Later than five years [member] | Interest rate risk [member] | Financials Liabilities At Fair Value Through Profit Or Loss Category [Member] | ||
IfrsStatementLineItems [Line Items] | ||
At Fair Value Through Profit or Loss | 12,722 | 11,898 |
Later than five years [member] | Interest rate risk [member] | Financial liabilities at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Derivatives | 12,467 | 11,848 |
Structured notes | 44 | 50 |
Other financial liabilities | 211 | |
Difference asset/ liability (2) | 162,635 | 24,443 |
Later than five years [member] | Interest rate risk [member] | Financial assets at amortised cost, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Amortized cost | 171,952 | 148,969 |
Interbank deposits | 114 | 216 |
Securities purchased under agreements to resell | 50 | 371 |
Securities | 47,731 | 30,664 |
Loan and lease operations | 124,057 | 117,718 |
Later than five years [member] | Interest rate risk [member] | Financial assets at fair value through profit or loss, category [member] | ||
IfrsStatementLineItems [Line Items] | ||
Securities | 68,704 | 73,541 |
At Fair Value Through Profit or Loss | 84,614 | 88,393 |
Derivatives | 15,225 | R$ 14852 |
Other financial assets | R$ 685 |
Risk and Capital Management _12
Risk and Capital Management (Details 11) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Deposits | R$ 871438.0 | R$ 850372.0 |
Percentage of funding from clients | 100% | 100% |
Subordinated debt | R$ 54540.0 | R$ 75036.0 |
Total | 373 | |
Demand Deposits 1 [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits | R$ 117587.0 | R$ 158116.0 |
Percentage of funding from clients | 9.90% | 14.80% |
Saving Deposits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of funding from clients | 15.20% | 17.90% |
Time deposits [member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits | R$ 564215.0 | R$ 497051.0 |
Percentage of funding from clients | 47.70% | 46.50% |
Other Deposits [member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits | R$ 4978.0 | R$ 828.0 |
Percentage of funding from clients | 0.80% | 0.40% |
Security Deposits [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of funding from clients | 21.80% | 13.40% |
Subordinateds Debt [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of funding from clients | 4.60% | 7% |
ZUP IT Servicos Em Technolgia E Inovaco SA [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits | R$ 871438.0 | R$ 850372.0 |
Demand deposits | 117,587 | 158,116 |
Savings deposits | 179,764 | 190,601 |
Time deposits | 564,215 | 497,051 |
Other | 9,872 | 4,604 |
Funds from acceptances and issuance of securities | 256,495 | 143,138 |
Funds from own issue | 8 | 21 |
Subordinated debt | 54,540 | 75,036 |
Total | 1,182,481 | 1,068,567 |
ZUP IT Servicos Em Technolgia E Inovaco SA [Member] | Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Deposits | 360,548 | 402,930 |
Demand deposits | 117,587 | 158,116 |
Savings deposits | 179,764 | 190,601 |
Time deposits | 57,365 | 52,563 |
Other | 5,832 | 1,650 |
Funds from acceptances and issuance of securities | 12,436 | 2,310 |
Total | R$ 372984.0 | R$ 405240.0 |
Risk and Capital Management _13
Risk and Capital Management (Details 12) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Risk And Capital Management | ||
Net assets / customers funds within 30 days | 69.40% | 56.50% |
Net assets / total customers funds | 21.90% | 21.40% |
Net assets / total financial assets | 16.20% | 16.20% |
Present value of financial assets | R$ 1595176 | R$ 1411089 |
Risk and Capital Management _14
Risk and Capital Management (Details 13) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Interbank investments | R$ 221779 | R$ 169718 | |
Derivative financial instruments | 78,208 | 69,045 | |
Net position | 78,208 | 69,045 | |
Loan and lease operations portfolio | 909,422 | 822,590 | |
Financial Assets | 2,172,726 | 1,915,573 | |
Deposits in Central Bank | 115,748 | 110,392 | |
Securities under guarantee transactions | 14,576 | 9,266 | |
Payment to merchants | 109,981 | 92,011 | |
Amount of liabilities from transactions related to credit assignments | 772 | 1,004 | |
Compulsory deposits with the Central Bank of Brazil | (5,356) | (20,333) | R$ 1189 |
Compulsory deposits | (115,748) | (110,392) | |
Compulsory deposits | 293,440 | 252,848 | |
Subordinated debt | 54,540 | 75,036 | |
Derivative financial instruments | 76,861 | 63,204 | |
Other financial liabilities | 583 | 161 | |
Total financial liabilities | 1,744,137 | 1,526,910 | |
Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits with the Central Bank of Brazil | 28,108 | 40,221 | |
Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 46,902 | 38,014 | |
Derivative financial instruments | 39,068 | 34,646 | |
Option contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 23,671 | 21,252 | |
Derivative financial instruments | 29,882 | 22,547 | |
Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 601 | 3,111 | |
Derivative financial instruments | 65 | 762 | |
Other Derivative Financial Instruments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 7,034 | 6,668 | |
Derivative financial instruments | 7,846 | 5,249 | |
Undiscounted cash flows [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cash and deposits on demand | 35,381 | 44,512 | |
Interbank investments | 285,628 | 233,703 | |
Securities | 529,034 | 457,506 | |
Loan and lease operations portfolio | 896,747 | 811,420 | |
Other financial assets | 1,375 | 157 | |
Financial Assets | 1,826,373 | 1,616,343 | |
Deposits in Central Bank | 115,748 | 110,392 | |
Deposits | 981,148 | 940,274 | |
Compulsory deposits | (115,748) | (110,392) | |
Compulsory deposits | 321,737 | 283,762 | |
Funds from acceptances and issuance of securities | 277,673 | 153,226 | |
Loans and onlending obligations | 128,314 | 103,512 | |
Subordinated debt | 73,569 | 93,163 | |
Derivative financial instruments | 76,861 | 63,204 | |
Undiscounted cash flows [member] | Collateral held [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 56,174 | 32,435 | |
Undiscounted cash flows [member] | Collateral repledge [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 169,307 | 125,230 | |
Undiscounted cash flows [member] | Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 60,147 | 76,038 | |
Deposits | 4,990 | 3,811 | |
Undiscounted cash flows [member] | Equity securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 188,253 | 153,662 | |
Undiscounted cash flows [member] | Securities In Reverse Repurchase Transaction [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 83,392 | 77,490 | |
Undiscounted cash flows [member] | Debt securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 184,909 | 170,043 | |
Undiscounted cash flows [member] | Securities sold under repurchase agreements [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 72,480 | 56,311 | |
Undiscounted cash flows [member] | Demand Deposits 1 [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 13,148 | 17,812 | |
Deposits | 117,587 | 158,116 | |
Compulsory deposits | (13,148) | (17,812) | |
Undiscounted cash flows [member] | Saving Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 27,923 | 25,807 | |
Deposits | 179,764 | 190,601 | |
Compulsory deposits | (27,923) | (25,807) | |
Undiscounted cash flows [member] | Time deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 74,677 | 66,773 | |
Deposits | 673,829 | 586,918 | |
Compulsory deposits | (74,677) | (66,773) | |
Undiscounted cash flows [member] | Other Deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits | 4,978 | 828 | |
Undiscounted cash flows [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 252,948 | 202,114 | |
Undiscounted cash flows [member] | Private Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 23,722 | 32,555 | |
Undiscounted cash flows [member] | Foreign Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 45,067 | 49,093 | |
Not later than one month [member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 22,572 | 15,492 | |
Total financial liabilities | 675,359 | 632,745 | |
Not later than one month [member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 4,866 | 1,820 | |
Derivative financial instruments | 2,835 | 1,562 | |
Not later than one month [member] | Option contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 15,610 | 10,599 | |
Derivative financial instruments | 3,221 | 4,086 | |
Not later than one month [member] | Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 460 | 1,595 | |
Derivative financial instruments | 55 | 762 | |
Not later than one month [member] | Other Derivative Financial Instruments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 1,636 | 1,478 | |
Derivative financial instruments | 1,891 | 743 | |
Not later than one month [member] | Undiscounted cash flows [member] | |||
IfrsStatementLineItems [Line Items] | |||
Cash and deposits on demand | 35,381 | 44,512 | |
Interbank investments | 225,253 | 195,260 | |
Securities | 214,486 | 158,915 | |
Loan and lease operations portfolio | 93,627 | 77,663 | |
Other financial assets | 3 | ||
Financial Assets | 591,322 | 491,842 | |
Deposits in Central Bank | 49,497 | 49,924 | |
Deposits | 370,101 | 397,416 | |
Compulsory deposits | (49,497) | (49,924) | |
Compulsory deposits | 297,853 | 265,184 | |
Funds from acceptances and issuance of securities | 10,532 | 2,986 | |
Loans and onlending obligations | 35,747 | 9,875 | |
Subordinated debt | 492 | 55 | |
Derivative financial instruments | 8,002 | 7,153 | |
Not later than one month [member] | Undiscounted cash flows [member] | Collateral held [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 46,146 | 32,435 | |
Not later than one month [member] | Undiscounted cash flows [member] | Collateral repledge [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 138,381 | 105,875 | |
Not later than one month [member] | Undiscounted cash flows [member] | Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 40,726 | 56,950 | |
Deposits | 1,022 | 933 | |
Not later than one month [member] | Undiscounted cash flows [member] | Equity securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 188,251 | 145,989 | |
Not later than one month [member] | Undiscounted cash flows [member] | Securities In Reverse Repurchase Transaction [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 6,196 | 1,337 | |
Not later than one month [member] | Undiscounted cash flows [member] | Debt securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 19,995 | 11,247 | |
Not later than one month [member] | Undiscounted cash flows [member] | Securities sold under repurchase agreements [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 44 | 342 | |
Not later than one month [member] | Undiscounted cash flows [member] | Demand Deposits 1 [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 13,148 | 17,812 | |
Deposits | 117,587 | 158,116 | |
Compulsory deposits | (13,148) | (17,812) | |
Not later than one month [member] | Undiscounted cash flows [member] | Saving Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 27,923 | 25,807 | |
Deposits | 179,764 | 190,601 | |
Compulsory deposits | (27,923) | (25,807) | |
Not later than one month [member] | Undiscounted cash flows [member] | Time Deposit [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits | 66,750 | 46,938 | |
Not later than one month [member] | Undiscounted cash flows [member] | Time deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 8,426 | 6,305 | |
Compulsory deposits | (8,426) | (6,305) | |
Not later than one month [member] | Undiscounted cash flows [member] | Other Deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits | 4,978 | 828 | |
Not later than one month [member] | Undiscounted cash flows [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 229,077 | 191,281 | |
Not later than one month [member] | Undiscounted cash flows [member] | Private Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 23,709 | 26,141 | |
Not later than one month [member] | Undiscounted cash flows [member] | Foreign Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 45,067 | 47,762 | |
Thirty one to three hundred and sixty five days due [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 15,577 | 17,924 | |
Other financial liabilities | 252 | 158 | |
Total financial liabilities | 302,967 | 248,261 | |
Thirty one to three hundred and sixty five days due [Member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 5,499 | 3,803 | |
Derivative financial instruments | 5,114 | 3,970 | |
Thirty one to three hundred and sixty five days due [Member] | Option contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 6,649 | 9,216 | |
Derivative financial instruments | 25,087 | 16,896 | |
Thirty one to three hundred and sixty five days due [Member] | Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 135 | 1,513 | |
Derivative financial instruments | 10 | ||
Thirty one to three hundred and sixty five days due [Member] | Other Derivative Financial Instruments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 3,294 | 3,392 | |
Derivative financial instruments | 3,903 | 2,933 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 57,085 | 32,238 | |
Securities | 55,033 | 30,191 | |
Loan and lease operations portfolio | 314,332 | 282,913 | |
Other financial assets | 314 | 144 | |
Financial Assets | 442,341 | 363,410 | |
Deposits in Central Bank | 17,084 | 12,461 | |
Deposits | 138,908 | 96,669 | |
Compulsory deposits | (17,084) | (12,461) | |
Compulsory deposits | 1,900 | 5,615 | |
Funds from acceptances and issuance of securities | 52,792 | 35,346 | |
Loans and onlending obligations | 70,549 | 71,278 | |
Subordinated debt | 22,085 | 27,857 | |
Derivative financial instruments | 34,114 | 23,799 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Collateral held [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 9,912 | ||
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Collateral repledge [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 30,926 | 19,355 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 16,247 | 12,883 | |
Deposits | 3,967 | 2,629 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Equity securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 453 | ||
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Securities In Reverse Repurchase Transaction [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 27,370 | 13,446 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Debt securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 24,066 | 13,349 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Securities sold under repurchase agreements [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 3,597 | 2,943 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Time deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 17,084 | 12,461 | |
Deposits | 134,941 | 94,040 | |
Compulsory deposits | (17,084) | (12,461) | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 1,899 | 1,261 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Private Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 1 | 3,621 | |
Thirty one to three hundred and sixty five days due [Member] | Undiscounted cash flows [member] | Foreign Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 733 | ||
Three hundred and sixty six to seven hundred and twenty days due [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 10,093 | 8,826 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 8,261 | 7,341 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Option contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 802 | 683 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 3 | ||
Three hundred and sixty six to seven hundred and twenty days due [Member] | Other Derivative Financial Instruments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 1,030 | 799 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 1,797 | 4,535 | |
Securities | 28,743 | 45,156 | |
Loan and lease operations portfolio | 154,386 | 135,840 | |
Other financial assets | 91 | 5 | |
Financial Assets | 195,110 | 194,362 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 1,797 | 4,535 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Equity securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 2 | 483 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Securities In Reverse Repurchase Transaction [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 12,194 | 27,132 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Debt securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 11,986 | 12,062 | |
Three hundred and sixty six to seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Securities sold under repurchase agreements [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 4,561 | 5,479 | |
Over seven hundred and twenty days due [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 29,966 | 26,803 | |
Other financial liabilities | 297 | 3 | |
Total financial liabilities | 611,957 | 489,988 | |
Over seven hundred and twenty days due [Member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 28,276 | 25,050 | |
Derivative financial instruments | 23,775 | 22,170 | |
Over seven hundred and twenty days due [Member] | Option contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 610 | 754 | |
Derivative financial instruments | 673 | 779 | |
Over seven hundred and twenty days due [Member] | Forward contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 6 | ||
Over seven hundred and twenty days due [Member] | Other Derivative Financial Instruments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Net position | 1,074 | 999 | |
Derivative financial instruments | 1,241 | 707 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 1,493 | 1,670 | |
Securities | 230,772 | 223,244 | |
Loan and lease operations portfolio | 334,402 | 315,004 | |
Other financial assets | 967 | 8 | |
Financial Assets | 597,600 | 566,729 | |
Deposits in Central Bank | 41,048 | 36,210 | |
Deposits | 405,977 | 350,792 | |
Compulsory deposits | (41,048) | (36,210) | |
Compulsory deposits | 15,387 | 5,943 | |
Funds from acceptances and issuance of securities | 152,502 | 83,967 | |
Loans and onlending obligations | 11,284 | 12,868 | |
Subordinated debt | 43,189 | 48,969 | |
Derivative financial instruments | 25,689 | 23,656 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Collateral held [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 116 | ||
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Interbank investments | 1,377 | 1,670 | |
Deposits | 1 | ||
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Equity securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 6,737 | ||
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Securities In Reverse Repurchase Transaction [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 37,632 | 35,575 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Debt securities - available-for-sale [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 128,862 | 133,385 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Securities sold under repurchase agreements [member] | |||
IfrsStatementLineItems [Line Items] | |||
Securities | 64,278 | 47,547 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Time deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 41,048 | 36,210 | |
Deposits | 405,977 | 350,791 | |
Compulsory deposits | (41,048) | (36,210) | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 15,375 | 5,687 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Private Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 12 | 18 | |
Over seven hundred and twenty days due [Member] | Undiscounted cash flows [member] | Foreign Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 238 | ||
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Other financial liabilities | 34 | ||
Total financial liabilities | 153,854 | 155,916 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Swap contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 7,344 | 6,944 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Option contract [member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 901 | 786 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Other Derivative Financial Instruments [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Derivative financial instruments | 811 | 866 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Undiscounted cash flows [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 8,119 | 11,797 | |
Deposits | 66,162 | 95,397 | |
Compulsory deposits | (8,119) | (11,797) | |
Compulsory deposits | 6,597 | 7,020 | |
Funds from acceptances and issuance of securities | 61,847 | 30,927 | |
Loans and onlending obligations | 10,734 | 9,491 | |
Subordinated debt | 7,803 | 16,282 | |
Derivative financial instruments | 9,056 | 8,596 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Undiscounted cash flows [member] | Interbank Deposits [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits | 1 | 248 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Undiscounted cash flows [member] | Time deposits [member] | |||
IfrsStatementLineItems [Line Items] | |||
Deposits in Central Bank | 8,119 | 11,797 | |
Deposits | 66,161 | 95,149 | |
Compulsory deposits | (8,119) | (11,797) | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Undiscounted cash flows [member] | Government Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | R$ 6597 | 3,885 | |
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Undiscounted cash flows [member] | Private Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | 2,775 | ||
Three Hundred And Sixty Six To Seven Hundred And Twenty Days Dues [Member] | Undiscounted cash flows [member] | Foreign Securities [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Compulsory deposits | R$ 360 |
Risk and Capital Management _15
Risk and Capital Management (Details 14) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Financial guarantees | R$ 91779 | R$ 82910 |
Commitments to be released | 405,244 | 391,015 |
Letters of credit to be released | 47,354 | 45,773 |
Contractual commitments-Fixed assets and Intangible | 3 | 3 |
Total | 544,380 | 519,701 |
Not later than one month [member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial guarantees | 2,987 | 3,742 |
Commitments to be released | 161,822 | 151,235 |
Letters of credit to be released | 47,354 | 45,773 |
Total | 212,163 | 200,750 |
Thirty one to three hundred and sixty five days due [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial guarantees | 31,548 | 28,530 |
Commitments to be released | 50,552 | 35,605 |
Contractual commitments-Fixed assets and Intangible | 3 | |
Total | 82,100 | 64,138 |
Three hundred and sixty six to seven hundred and twenty days due [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial guarantees | 12,731 | 11,046 |
Commitments to be released | 20,386 | 18,541 |
Total | 33,117 | 29,587 |
Over seven hundred and twenty days due [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Financial guarantees | 44,513 | 39,592 |
Commitments to be released | 172,484 | 185,634 |
Contractual commitments-Fixed assets and Intangible | 3 | |
Total | R$ 217000 | R$ 225226 |
Risk and Capital Management _16
Risk and Capital Management (Details 15) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Common Equity Tier 1 | R$ 147781 | R$ 130716 |
Tier 1 | 166,868 | 149,912 |
Total capital (PR) | 185,415 | 169,797 |
Total risk-weighted assets (RWA) | R$ 1238582 | R$ 1153841 |
Common Equity Tier 1 ratio (%) | 11.90% | 11.30% |
Conservation | 13.50% | 13% |
Total capital ratio (%) | 15% | 14.70% |
Capital conservation buffer requirement (%) | 2.50% | 2% |
Countercyclical buffer requirement (%) | (0.00%) | (0.00%) |
Bank G-SIB and/or D-SIB additional requirements (%) | 1% | 1% |
Total of bank CET1 specific buffer requirements (%) | 3.50% | 3% |
Till April Two Thousand And Twenty Two [Member] | Bacen Resolution Four Seven Eight Three [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Conservation | 2.50% |
Risk and Capital Management _17
Risk and Capital Management (Details 16) - BRL (R$) R$ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | R$ 1238582 | R$ 1153841 |
Credit risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 1,118,752 | 1,044,344 |
Credit risk [member] | Credit Risk Excluding Counterparty Credit Risk [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 1,016,137 | 922,824 |
Credit risk [member] | Counterparty Credit Risk [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 40,222 | 42,898 |
Credit risk [member] | Counterparty Credit Risk [Member] | Credit Risk Excluding Counterparty Credit Risk [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 25,361 | 27,616 |
Credit risk [member] | Counterparty Credit Risk [Member] | Other Counterparty Credit Risk [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 14,861 | 15,282 |
Credit risk [member] | Credit Valuation Adjustment [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 7,695 | 8,102 |
Credit risk [member] | Equity Investments In Funds Look Through Approach [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 8,002 | 5,001 |
Credit risk [member] | Equity Investments In Funds Mandate Based Approach [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 104 | 95 |
Credit risk [member] | Equity Investment In Funds Fall Back Approach [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 1,461 | 824 |
Credit risk [member] | Securitisation Exposures Standardised Approcah [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 4,408 | 2,195 |
Credit risk [member] | Amount Below The Thresholds For Deduction [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 40,723 | 62,405 |
Market risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 23,240 | 22,985 |
Market risk [member] | Standardised Approach [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 29,050 | 28,731 |
Market risk [member] | Internal Model Approach [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | 23,097 | 14,751 |
Operational risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Risk weighted assets | R$ 96590 | R$ 86512 |
Risk and Capital Management _18
Risk and Capital Management (Details 17) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Private Pension | R$ 12184 | R$ 9669 | R$ 10316 |
5% increase in mortality rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Private Pension | 48 | 45 | |
Insurance | (7) | (2) | |
5% decrease in mortality rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Private Pension | (49) | (48) | |
Insurance | 7 | 2 | |
Zero Point One Percentage Increase In Riskfree Interest Rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Private Pension | 110 | 102 | |
Insurance | 7 | 10 | |
0.1% decrease in risk-free interest rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Private Pension | (113) | (104) | |
Insurance | (7) | (10) | |
5% increase in conversion in income rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Private Pension | (13) | (11) | |
5% decrease in conversion in income rates [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Private Pension | 15 | 11 | |
5% increase in claims [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Insurance | (50) | (58) | |
5% decrease in claims [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Insurance | R$ 50 | R$ 58 |
Risk and Capital Management _19
Risk and Capital Management (Details 18) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Group Accident Insurance [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Insurance premiums | R$ 976 | R$ 884 | R$ 849 |
Retained premium | R$ 973 | R$ 883 | R$ 847 |
Retention | 99.70% | 99.90% | 99.80% |
Individual Accident [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Insurance premiums | R$ 153 | R$ 176 | R$ 192 |
Retained premium | R$ 149 | R$ 175 | R$ 187 |
Retention | 97.50% | 99.40% | 97.40% |
Home Insurance in Market Policies Credit Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Insurance premiums | R$ 1412 | R$ 1008 | R$ 624 |
Retained premium | R$ 1412 | R$ 1008 | R$ 624 |
Retention | 100% | 100% | 100% |
Group Life [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Insurance premiums | R$ 1422 | R$ 1168 | R$ 956 |
Retained premium | R$ 1422 | R$ 1165 | R$ 955 |
Retention | 100% | 99.70% | 99.90% |
Risk and Capital Management _20
Risk and Capital Management (Details 19) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | |
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 21748 | R$ 20924 |
N T N C Government Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 5966 | R$ 5154 |
DV01 | (0.0319) | (0.0305) |
N T N B Government Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 6832 | R$ 6094 |
DV01 | (0.0701) | (0.0624) |
N T N F Government Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 257 | R$ 205 |
DV01 | (0.0014) | (0.0011) |
L T N Government Securities [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 277 | R$ 166 |
DV01 | (0.0005) | (0.0001) |
Indexed To I G P M [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 7 | |
DV01 | (0.0002) | |
Indexed To I P C A [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 404 | R$ 355 |
DV01 | (0.0039) | (0.0036) |
Indexed To P R E [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 30 | R$ 23 |
Indexed To P Y G [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 76 | R$ 30 |
DV01 | (0.0001) | (0.0001) |
Shares Held For Trading [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 630 | R$ 947 |
DV01 | 0.06 | 0.09 |
Postfixed Assets [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 3776 | R$ 6048 |
Under Agreements To Resell [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Account balance | R$ 3500 | R$ 1895 |
Risk and Capital Management _21
Risk and Capital Management (Details 20) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 235150 | R$ 214976 |
Insurance [member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | 4,683 | 3,883 |
Non-life insurance contracts [member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | 230,467 | 211,093 |
Unearned Premiums [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, CDB and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 12 | R$ 12 |
Liabilities(Duration in months) | 19.6 | 16.0 |
Assets(Duration in months) | 11.3 | 18.5 |
Redemptions And Other Unsettled Amounts [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities(Duration in months) | 19.6 | 16.0 |
Assets(Duration in months) | 11.3 | 18.5 |
Redemptions And Other Unsettled Amounts [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, CDB and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 394 | R$ 358 |
Liabilities(Duration in months) | 96.5 | 103.8 |
Assets(Duration in months) | 69.5 | 76.4 |
Financial surplus [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 729 | R$ 691 |
Other Provision [member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, LTN, NTN-B, NTN-C, NTN-F, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities(Duration in months) | 214.2 | 195.9 |
Assets(Duration in months) | 82.0 | 79.8 |
Other Provision [member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 397 | R$ 665 |
Related expenses [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 49 | R$ 65 |
Liabilities(Duration in months) | 96.5 | 103.8 |
Assets(Duration in months) | 69.4 | 76.3 |
Unsettled Claims [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, CDB and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 74 | R$ 79 |
Liabilities(Duration in months) | 19.6 | 16.0 |
Assets(Duration in months) | 11.3 | 18.5 |
IBNR [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, CDB and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 26 | R$ 27 |
Liabilities(Duration in months) | 19.6 | 16.0 |
Assets(Duration in months) | 11.3 | 18.5 |
Mathematical Reserve For Benefits Granted [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, LTN, NTN-B, NTN-C, NTN-F, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 4015 | R$ 3786 |
Mathematical reserve for benefits to be granted - PGBL/ VGBL [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, LTN, NTN-B, NTN-C, NTN-F, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 216735 | R$ 197897 |
Liabilities(Duration in months) | 155.3 | 134.0 |
Assets(Duration in months) | 50.7 | 55.2 |
Mathematical reserve for benefits to be granted - traditional [Member] | Pension plan, VGBL and individual life operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 8036 | R$ 7513 |
Liabilities(Duration in months) | 214.3 | 195.9 |
Assets(Duration in months) | 82.0 | 79.8 |
Backing asset [Member] | Unearned Premiums [Member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 3615 | R$ 2846 |
Liabilities(Duration in months) | 52.0 | 55.6 |
Assets(Duration in months) | 15.0 | 20.3 |
Backing asset [Member] | IBNR, PDR e PSL [Member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 880 | R$ 869 |
Liabilities(Duration in months) | 44.0 | 48.6 |
Assets(Duration in months) | 22.3 | 27.0 |
Backing asset [Member] | Redemptions And Other Unsettled Amounts [Member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 23 | R$ 19 |
Liabilities(Duration in months) | 13.1 | 17.9 |
Assets(Duration in months) | 15.2 | 20.3 |
Backing asset [Member] | Mathematical reserve for benifits to be granted and benefits granted [Member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 30 | R$ 19 |
Liabilities(Duration in months) | 71.6 | 122.6 |
Assets(Duration in months) | 19.6 | 27.4 |
Backing asset [Member] | Financial surplus [Member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, Debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 1 | |
Liabilities(Duration in months) | - | 149.5 |
Assets(Duration in months) | - | 20.3 |
Backing asset [Member] | Financial surplus [Member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, NTN-C, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities(Duration in months) | 214.3 | 195.9 |
Assets(Duration in months) | 82.0 | 79.8 |
Backing asset [Member] | Other Provision [member] | Insurance Operations [Member] | LFT, repurchase agreements, NTN-B, CDB, LF and debentures [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Liabilities (Amount) | R$ 135 | R$ 129 |
Liabilities(Duration in months) | 4.8 | 7.0 |
Assets(Duration in months) | 81.5 | 90.0 |
Risk and Capital Management _22
Risk and Capital Management (Details 21) - BRL (R$) R$ in Millions | 12 Months Ended | 24 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | |||
Financial assets at amortised cost | R$ 1586992 | R$ 1586992 | R$ 1375782 |
Financial assets at fair value through profit or loss | 464,682 | 464,682 | 434,169 |
Financial assets at fair value through other comprehensive income | 121,052 | 121,052 | 105,622 |
Financial Assets | R$ 2172726 | R$ 2172726 | R$ 1915573 |
Financial assets at fair value through profit or loss | 90.20% | 92.10% | |
Total Percentage | 100% | 100% | 100% |
Derivative financial instruments | R$ 78208 | R$ 78208 | R$ 69045 |
Insurance financial assets [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at fair value through profit or loss | 205,701 | 205,701 | 188,491 |
Financial assets at fair value through other comprehensive income | 547 | 547 | 587 |
Financial Assets | R$ 228096 | R$ 228096 | R$ 204541 |
Percentage Of Financial Assets At Amortised Cost | 0.20% | 0.20% | 0.30% |
Derivative financial instruments | R$ 1146 | R$ 1146 | R$ 2946 |
Lower risk [member] | Insurance financial assets [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at fair value through profit or loss | 205,665 | 205,665 | 188,480 |
Financial assets at fair value through other comprehensive income | 547 | 547 | 587 |
Financial Assets | 227,943 | 227,943 | 204,530 |
Satisfactory risk[member] | Insurance financial assets [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at fair value through profit or loss | 25 | 25 | 1 |
Financial Assets | 142 | 142 | 1 |
Higher risk [member] | Insurance financial assets [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at fair value through profit or loss | 11 | 11 | 10 |
Financial Assets | R$ 11 | R$ 11 | R$ 10 |
Interbank deposits and securities purchased under agreements to resell [member] | |||
IfrsStatementLineItems [Line Items] | |||
Percentage of fainancial assets at amortized cost | 2.90% | 2.90% | 2% |
Interbank deposits and securities purchased under agreements to resell [member] | Insurance financial assets [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at amortised cost | R$ 6560 | R$ 6560 | R$ 4062 |
Interbank deposits and securities purchased under agreements to resell [member] | Lower risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at amortised cost | R$ 6560 | R$ 6560 | R$ 4062 |
Securities [member] | |||
IfrsStatementLineItems [Line Items] | |||
Percentage of fainancial assets at amortized cost | 6.70% | 6.70% | 5.60% |
Securities [member] | Insurance financial assets [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at amortised cost | R$ 15288 | R$ 15288 | R$ 11401 |
Securities [member] | Lower risk [member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at amortised cost | 15,171 | 15,171 | R$ 11401 |
Securities [member] | Medium Risk [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Financial assets at amortised cost | R$ 117 | R$ 117 |
Risk and Capital Management _23
Risk and Capital Management (Details Narrative) - BRL (R$) R$ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
IfrsStatementLineItems [Line Items] | ||
Expected credit loss percentage | 100% | 100% |
Total credit and finance lease operations | R$ 362705.0 | R$ 326862.0 |
Total assets repossessed | R$ 336.0 | 258 |
VaR calculation confidence level percentage | 99% | |
VaR calculation period | historical period of 4 years (1000 business days) | |
Value at risk | R$ 734.0 | R$ 696.0 |
Percentage of VaR of total stockholders' equity | 0.40% | 0.30% |
Percentage of aggregate funds from customers available on demand | 31.50% | |
Funds from clients | R$ 373.0 | |
Liquid assets | R$ 259.0 | |
Percentage of financial assets | 100% | 100% |
Capital Adequcy ratio | 15% | 14.70% |
Percentage of reinsurance premiums operations | 32% | 38% |
Surplus Capital in relation to the Minimum Referential Equity Required | R$ 86328.0 | |
Additional Tier I Capital, Required | 43,350 | R$ 34615.0 |
Increase Decrease in Referential Equity | R$ 55748.0 | R$ 56280.0 |
Credit risk [member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of reinsurance premiums operations | 0.30% | |
Credit risk [member] | Mapfre Re Do Brasil Companhia De Resseguros Member [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of reinsurance premiums operations | 31% | 36% |
Credit risk [member] | Austral Ressugodara SA Member [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of reinsurance premiums operations | 11% | 4% |
subordinated debt ,Tier I capital [Member] | ||
IfrsStatementLineItems [Line Items] | ||
subordinated debt ,Tier I capital | R$ 18336.0 | R$ 18167.0 |
subordinated debt ,Tier II capital [Member] | ||
IfrsStatementLineItems [Line Items] | ||
subordinated debt ,Tier I capital | 19,469 | |
subordinated debt ,Tier II capital | R$ 18431.0 | |
Short term redeemable obligation [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of financial assets | 69.40% | |
Funding [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of financial assets | 21.90% | |
Total assets [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Percentage of financial assets | 16.20% | |
Average [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Value at risk | R$ 678.0 | 441 |
Top of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Value at risk | R$ 1172.0 | R$ 707.0 |
Capital Adequcy ratio | 15% | |
Percentage of adjusted capital ratio | 50% | |
Percentage of fixed assets ratio | 16.90% | |
Bottom of range [member] | ||
IfrsStatementLineItems [Line Items] | ||
Value at risk | R$ 494.0 | R$ 198.0 |
Surplus Capital in relation to the Minimum Referential Equity Required | R$ 77490.0 | |
Percentage of fixed assets ratio | 19.90% | |
Optimistic [Member] | Brazil [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected credit loss percentage | 15% | |
Base Case Scenario [Member] | Brazil [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected credit loss percentage | 50% | |
Pessimistic Scenario [Member] | Brazil [Member] | ||
IfrsStatementLineItems [Line Items] | ||
Expected credit loss percentage | 35% |
Supplementary information (Deta
Supplementary information (Details Narrative) - BRL (R$) R$ in Millions | 1 Months Ended | 12 Months Ended | |||
Jul. 08, 2022 | Apr. 12, 2022 | Mar. 31, 2020 | Dec. 31, 2022 | Jan. 13, 2022 | |
IfrsStatementLineItems [Line Items] | |||||
Maximum number of grace days allowed in agreement | 60 days | ||||
Allowance for loan losses | R$ 52324 | ||||
Increase in expenses | R$ 52 | ||||
Bottom of range [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Number of grace days extended during agreement | 120 days | ||||
Top of range [member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Number of grace days extended during agreement | 180 days | ||||
Totvs Techfin Sa [Member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Percentage of voting equity interests acquired | 50% | ||||
Acquisition date fair value of total consideration transferred | R$ 610 | ||||
Payment of earnout compensation | R$ 450 | ||||
Avenue Holding Cayman Ltd [Member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Percentage of voting equity interests acquired | 35% | ||||
Ownership interest | R$ 493 | ||||
Itau Unibanco Holding [Member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Ownership interest, percentage | 15.10% | ||||
Events After Reporting Period [Member] | Ideal Holding Financeira SA Stage one [Member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Percentage of voting equity interests acquired | 50.10% | ||||
Equity interests of acquirer | R$ 700 | ||||
Events After Reporting Period [Member] | Ideal Holding Financeira S.A [Member] | |||||
IfrsStatementLineItems [Line Items] | |||||
Borrowings interest rate | 100% |
Subsequent Event (Details Narra
Subsequent Event (Details Narrative) - BRL (R$) R$ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IfrsStatementLineItems [Line Items] | |||
Expected credit loss | 100% | 100% | |
Net of taxes | R$ 65 | R$ 549 | R$ 499 |
Itau Unibanco Participacoes SA [Member] | |||
IfrsStatementLineItems [Line Items] | |||
Additional impact on income | 1,300 | ||
Net of taxes | R$ 719 |