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Loan operations
 12 Months Ended
Dec. 31, 2024
Disclosure of financial assets [abstract]  
Loan Operations Loan operations
Following is the breakdown of the carrying amount of loan operations by class, sector of debtor, maturity and concentration:
Loans by type20242023
Pledged asset loan23,217,323 24,845,243 
Retail 12,674,565 12,366,330 
Companies4,516,553 7,054,507 
Credit card6,026,205 5,424,406 
Non-pledged loan6,431,221 4,036,646 
Retail549,148 764,712 
Companies3,506,397 959,898 
Credit card2,375,676 2,312,036 
Total loans operations29,648,544 28,881,889 
Expected Credit Loss (Note 14)(420,081)(329,954)
Total loans operations, net of Expected Loss29,228,463 28,551,935 
By maturity20242023
Overdue by 1 day or more304,052 329,707 
Due in 3 months or less6,014,440 6,739,145
Due after 3 months through 12 months3,808,000 5,056,321 
Due after 12 months19,522,052 16,756,716 
Total Loans operations29,648,544 28,881,889
By concentration20242023
Largest debtor2,407,808 855,607 
10 largest debtors4,799,033 2,921,734 
20 largest debtors5,831,608 4,058,250 
50 largest debtors7,475,742 5,579,073 
100 largest debtors8,601,442 6,949,906 
XP Inc offers loan products through Banco XP to its customers. The loan products offered are mostly (78% and 86% in December 31, 2024 and 2023, respectively) collateralized by customers’ investments on XP platform and credit products strictly related to investments in structured notes, in which the borrower is able to operate leveraged, retaining the structured note itself as guarantee for the loan.
The reconciliation of gross carrying amount and the expected credit losses in loan operations, segregated by stage according with IFRS 9 is demonstrated in Note 14.