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Expected credit losses on financial assets and reconciliation of carrying amount (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of fair value measurement of assets [abstract]  
Expected Credit Losses on Financial Assets and Reconciliation of carrying amount
It is presented below the reconciliation of gross carrying amount of financial assets through other comprehensive income and financial assets measured at amortized cost – that have their ECLs (Expected Credit Losses) measured using the three-stage model and the low credit risk simplification.
Stage 1Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 2Transfer to stage 3Transfer from stage 2Transfer from stage 3Write-OffClosing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities 43,693,837 9,557,073 — — — — 53,250,910 
Financial assets amortized cost
Securities6,861,493 (4,011,385)— — — — 2,850,108 
Securities purchased under resale agreements14,891,781 7,167,720 — — — — 22,059,501 
Loans and credit card operations26,447,368 1,597,545 (2,108,966)(309,713)710,801 253 — 26,337,288 
Total on-balance exposures91,894,479 14,310,953 (2,108,966)(309,713)710,801 253 — 104,497,807 
Off-balance exposures (credit card limits)8,323,897 (716,113)(300,426)(206)166,424 1 — 7,473,577 
Total exposures100,218,376 13,594,840 (2,409,392)(309,919)877,225 254 — 111,971,384 
Stage 2Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 1Transfer to stage 3Transfer from stage 1Transfer from stage 3Write-OffClosing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations2,202,931 (566,369)(710,801)(125,492)2,108,966 810 — 2,910,045 
Total on-balance exposures2,202,931 (566,369)(710,801)(125,492)2,108,966 810 — 2,910,045 
Off-balance exposures (credit card limits)583,270 (322,731)(166,424)(130)300,426 5 — 394,416 
Total exposures2,786,201 (889,100)(877,225)(125,622)2,409,392 815 — 3,304,461 
Stage 3Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 1Transfer to stage 2Transfer from stage 1Transfer from stage 2Write-OffClosing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations231,590 (80,172)(253)(810)309,713 125,492 (184,349)401,211 
Total on-balance exposures231,590 (80,172)(253)(810)309,713 125,492 (184,349)401,211 
Off-balance exposures (credit card limits)5,540 (312)(1)(5)206 130 — 5,558 
Total exposures237,130 (80,484)(254)(815)309,919 125,622 (184,349)406,769 
Consolidated StagesBalance at December 31, 2023Purchases / (Settlements)Write-OffClosing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities 43,693,837 9,557,073 — 53,250,910 
Financial assets amortized cost
Securities6,861,493 (4,011,385)— 2,850,108 
Securities purchased under resale agreements14,891,781 7,167,720 — 22,059,501 
Loans and credit card operations28,881,889 951,004 (184,349)29,648,544 
Total on-balance exposures94,329,000 13,664,412 (184,349)107,809,063 
Off-balance exposures (credit card limits)8,912,707 (1,039,156)— 7,873,551 
Total exposures103,241,707 12,625,256 (184,349)115,682,614 
Stage 1Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 2Transfer to stage 3Transfer from stage 2Transfer from stage 3Write-OffClosing balance December 31, 2023
Financial assets at fair value through other comprehensive income
Securities 35,150,599 8,543,238 — — — — 43,693,837 
Financial assets amortized cost
Securities9,275,027 (2,413,534)— — — — 6,861,493 
Securities purchased under resale agreements7,606,501 7,285,280 — — — — 14,891,781 
Loans and credit card operations21,168,048 5,678,561 1,082,998 (1,800,466)(193,066)518,241 27 (6,975)26,447,368 
Total on-balance exposures73,200,175 19,093,545 1,082,998 (1,800,466)(193,066)518,241 27 (6,975)91,894,479 
Off-balance exposures (credit card limits)4,759,298 3,670,075 201,949 (495,087)(5,526)193,171 17 — 8,323,897 
Total exposures77,959,473 22,763,620 1,284,947 (2,295,553)(198,592)711,412 44 (6,975)100,218,376 
Stage 2Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 1Transfer to stage 3Transfer from stage 1Transfer from stage 3Write-OffClosing balance December 31, 2023
Financial assets amortized cost
Loans and credit card operations1,073,170 (111,875)2,734 (518,241)(33,238)1,800,466 117 (10,202)2,202,931 
Total on-balance exposures1,073,170 (111,875)2,734 (518,241)(33,238)1,800,466 117 (10,202)2,202,931 
Off-balance exposures (credit card limits)255,539 25,490 308 (193,171)(8)495,087 25 — 583,270 
Total exposures1,328,709 (86,385)3,042 (711,412)(33,246)2,295,553 142 (10,202)2,786,201 
Stage 3Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 1Transfer to stage 2Transfer from stage 1Transfer from stage 2Write-OffClosing balance December 31, 2023
Financial assets amortized cost
Loans and credit card operations19,319 (11,003)18,004 (27)(117)193,066 33,238 (20,890)231,590 
Total on-balance exposures19,319 (11,003)18,004 (27)(117)193,066 33,238 (20,890)231,590 
Off-balance exposures (credit card limits)— (31)79 (17)(25)5,526 8 — 5,540 
Total exposures19,319 (11,034)18,083 (44)(142)198,592 33,246 (20,890)237,130 
Consolidated StagesBalance at December 31, 2022Purchases / (Settlements)Business CombinationWrite-OffClosing balance December 31, 2023
Financial assets at fair value through other comprehensive income
Securities 35,150,599 8,543,238 — — 43,693,837 
Financial assets amortized cost
Securities9,275,027 (2,413,534)— — 6,861,493 
Securities purchased under resale agreements7,606,501 7,285,280 — — 14,891,781 
Loans and credit card operations22,260,537 5,555,684 1,103,736 (38,068)28,881,889 
Total on-balance exposures74,292,664 18,970,668 1,103,736 (38,068)94,329,000 
Off-balance exposures (credit card limits)5,014,837 3,695,534 202,336 — 8,912,707 
Total exposures79,307,501 22,666,202 1,306,072 (38,068)103,241,707 
The following table presents the gross carrying amount of financial assets measured at amortized cost, which have their ECLs measured using the simplified approach:
Operations20242023
Financial assets amortized cost
Securities trading and intermediation6,635,969 3,047,011 
Accounts Receivable854,828 745,097 
Other financial assets13,257,189 4,263,947 
Total20,747,986 8,056,055 
b)    Expected credit loss
The table below presents the changes in ECLs, measured according to the three-stage model, for assets classified as financial assets through other comprehensive income and financial assets measured at amortized cost in the period ended December 31, 2024 and December 31, 2023, segregated by stages:
Stage 1Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 2Transfer to stage 3Transfer from stage 2Transfer from stage 3Write-OffClosing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities 12,199 3,423 — — — — — 15,622 
Financial assets amortized cost
Securities 6,072 7,890 — — — — — 13,962 
Securities purchased under resale agreements2,803 (439)— — — — — 2,364 
Loans and credit card operations54,845 227,395 (57,266)(148,947)2,872 130 — 79,029 
Total on-balance exposures75,919 238,269 (57,266)(148,947)2,872 130 — 110,977 
Off-balance exposures (credit card limits)8,162 8,349 (5,770)(32)555 — — 11,264 
Total exposures84,081 246,618 (63,036)(148,979)3,427 130 — 122,241 
Stage 2Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 1Transfer to stage 3Transfer from stage 1Transfer from stage 3Write-OffClosing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations74,696 76,541 (2,872)(117,930)57,266 184 — 87,885 
Total on-balance exposures74,696 76,541 (2,872)(117,930)57,266 184 — 87,885 
Off-balance exposures (credit card limits)6,203 (3,608)(555)(6)5,770 — — 7,804 
Total exposures80,899 72,933 (3,427)(117,936)63,036 184 — 95,689 
Stage 3Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 1Transfer to stage 2Transfer from stage 1Transfer from stage 2Write-OffClosing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations182,281 (34,416)(130)(184)148,947 117,930 (184,349)230,079 
Total on-balance exposures182,281 (34,416)(130)(184)148,947 117,930 (184,349)230,079 
Off-balance exposures (credit card limits)3,767 215 — — 32 6 — 4,020 
Total exposures186,048 (34,201)(130)(184)148,979 117,936 (184,349)234,099 
Consolidated StagesBalance at December 31, 2023Increase / (Reversal)Write-OffClosing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities 12,199 3,423 — 15,622 
Financial assets amortized cost
Securities 6,072 7,890 — 13,962 
Securities purchased under resale agreements2,803 (439)— 2,364 
Loans and credit card operations311,822 269,520 (184,349)396,993 
Total on-balance exposures332,896 280,394 (184,349)428,941 
Off-balance exposures (credit card limits)18,132 4,956 — 23,088 
Total exposures351,028 285,350 (184,349)452,029 
Stage 1Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 2Transfer to stage 3Transfer from stage 2Transfer from stage 3Write-OffClosing balance at December 31, 2023
Financial assets at fair value through other comprehensive income
Securities8,077 4,122 — — — — 12,199 
Financial assets amortized cost
Securities2,924 3,148 — — — — — 6,072 
Securities purchased under resale agreements2,681 122 — — — — 2,803 
Loans and credit card operations21,313 223,234 27,499 (63,095)(148,305)1,173 1 (6,975)54,845 
Total on-balance exposures34,995 230,626 27,499 (63,095)(148,305)1,173 1 (6,975)75,919 
Off-balance exposures (credit card limits)4,800 8,064 4,303 (5,427)(3,765)187 — — 8,162 
Total exposures39,795 238,690 31,802 (68,522)(152,070)1,360 1 (6,975)84,081 
Stage 2Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 1Transfer to stage 3Transfer from stage 1Transfer from stage 3Write-OffClosing balance at December 31, 2023
Financial assets amortized cost
Loans and credit card operations7,656 43,159 807 (1,173)(28,663)63,095 17 (10,202)74,696 
Total on-balance exposures7,656 43,159 807 (1,173)(28,663)63,095 17 (10,202)74,696 
Off-balance exposures (credit card limits)1,428 (467)3 (187)(1)5,427 — — 6,203 
Total exposures9,084 42,692 810 (1,360)(28,664)68,522 17 (10,202)80,899 
Stage 3Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 1Transfer to stage 2Transfer from stage 1Transfer from stage 2Write-OffClosing balance at December 31, 2023
Financial assets amortized cost
Loans and credit card operations14,181 (3,226)15,268 (1)(17)148,304 28,663 (20,891)182,281 
Total on-balance exposures14,181 (3,226)15,268 (1)(17)148,304 28,663 (20,891)182,281 
Off-balance exposures (credit card limits)— (18)18 — — 3,766 1 — 3,767 
Other off-balance exposures15,214 38,891 — — — — — (54,105)— 
Total exposures29,395 35,647 15,286 (1)(17)152,070 28,664 (74,996)186,048 
Consolidated StagesBalance at December 31, 2022Increase / (Reversal)Business Combination Write-OffClosing balance at December 31, 2023
Financial assets at fair value through other comprehensive income
Securities8,077 4,122 — — 12,199 
Financial assets amortized cost
Securities2,924 3,148 — — 6,072 
Securities purchased under resale agreements2,681 122 — — 2,803 
Loans and credit card operations43,149 263,168 43,573 (38,068)311,822 
Total on-balance exposures56,831 270,560 43,573 (38,068)332,896 
Off-balance exposures (credit card limits)6,228 7,579 4,325 — 18,132 
Other off-balance exposures15,214 38,890 — (54,104)— 
Total exposures78,273 317,029 47,898 (92,172)351,028 
The table below presents the ECLs for the financial assets measured according to simplified approach in the period ended December 31, 2024 and December 31, 2023:
Expected Credit Losses20242023
Financial assets amortized cost
Securities trading and intermediation136,872 114,692 
Accounts Receivable75,885 63,907 
Other financial assets24,192 55,204 
Total236,949 233,803 
c)    Expected credit losses segregated by products
The table below presents the expected credit losses for 2024 and 2023, segregated by products:
Expected Credit Losses20242023
Financial assets at fair value through other comprehensive income15,622 12,199 
Securities15,622 12,199 
Financial assets amortized cost650,269 554,501 
Securities13,962 6,072 
Securities purchased under resale agreements2,364 2,803 
Loans and credit card operations396,994 311,823 
Securities trading and intermediation136,872 114,692 
Accounts Receivable75,885 63,907 
Other financial assets24,192 55,204 
Total losses for exposures665,891 566,700 
Off-balance exposures (credit card limits)23,087 18,131 
Total exposures688,978 584,831 
Disclosure of ECLs measured using simplified approach
The following table presents the gross carrying amount of financial assets measured at amortized cost, which have their ECLs measured using the simplified approach:
Operations20242023
Financial assets amortized cost
Securities trading and intermediation6,635,969 3,047,011 
Accounts Receivable854,828 745,097 
Other financial assets13,257,189 4,263,947 
Total20,747,986 8,056,055 
Disclosure of Expected credit losses
The table below presents the changes in ECLs, measured according to the three-stage model, for assets classified as financial assets through other comprehensive income and financial assets measured at amortized cost in the period ended December 31, 2024 and December 31, 2023, segregated by stages:
Stage 1Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 2Transfer to stage 3Transfer from stage 2Transfer from stage 3Write-OffClosing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities 12,199 3,423 — — — — — 15,622 
Financial assets amortized cost
Securities 6,072 7,890 — — — — — 13,962 
Securities purchased under resale agreements2,803 (439)— — — — — 2,364 
Loans and credit card operations54,845 227,395 (57,266)(148,947)2,872 130 — 79,029 
Total on-balance exposures75,919 238,269 (57,266)(148,947)2,872 130 — 110,977 
Off-balance exposures (credit card limits)8,162 8,349 (5,770)(32)555 — — 11,264 
Total exposures84,081 246,618 (63,036)(148,979)3,427 130 — 122,241 
Stage 2Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 1Transfer to stage 3Transfer from stage 1Transfer from stage 3Write-OffClosing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations74,696 76,541 (2,872)(117,930)57,266 184 — 87,885 
Total on-balance exposures74,696 76,541 (2,872)(117,930)57,266 184 — 87,885 
Off-balance exposures (credit card limits)6,203 (3,608)(555)(6)5,770 — — 7,804 
Total exposures80,899 72,933 (3,427)(117,936)63,036 184 — 95,689 
Stage 3Balance at December 31, 2023Acquisition / (Settlements)Transfer to stage 1Transfer to stage 2Transfer from stage 1Transfer from stage 2Write-OffClosing balance December 31, 2024
Financial assets amortized cost
Loans and credit card operations182,281 (34,416)(130)(184)148,947 117,930 (184,349)230,079 
Total on-balance exposures182,281 (34,416)(130)(184)148,947 117,930 (184,349)230,079 
Off-balance exposures (credit card limits)3,767 215 — — 32 6 — 4,020 
Total exposures186,048 (34,201)(130)(184)148,979 117,936 (184,349)234,099 
Consolidated StagesBalance at December 31, 2023Increase / (Reversal)Write-OffClosing balance December 31, 2024
Financial assets at fair value through other comprehensive income
Securities 12,199 3,423 — 15,622 
Financial assets amortized cost
Securities 6,072 7,890 — 13,962 
Securities purchased under resale agreements2,803 (439)— 2,364 
Loans and credit card operations311,822 269,520 (184,349)396,993 
Total on-balance exposures332,896 280,394 (184,349)428,941 
Off-balance exposures (credit card limits)18,132 4,956 — 23,088 
Total exposures351,028 285,350 (184,349)452,029 
Stage 1Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 2Transfer to stage 3Transfer from stage 2Transfer from stage 3Write-OffClosing balance at December 31, 2023
Financial assets at fair value through other comprehensive income
Securities8,077 4,122 — — — — 12,199 
Financial assets amortized cost
Securities2,924 3,148 — — — — — 6,072 
Securities purchased under resale agreements2,681 122 — — — — 2,803 
Loans and credit card operations21,313 223,234 27,499 (63,095)(148,305)1,173 1 (6,975)54,845 
Total on-balance exposures34,995 230,626 27,499 (63,095)(148,305)1,173 1 (6,975)75,919 
Off-balance exposures (credit card limits)4,800 8,064 4,303 (5,427)(3,765)187 — — 8,162 
Total exposures39,795 238,690 31,802 (68,522)(152,070)1,360 1 (6,975)84,081 
Stage 2Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 1Transfer to stage 3Transfer from stage 1Transfer from stage 3Write-OffClosing balance at December 31, 2023
Financial assets amortized cost
Loans and credit card operations7,656 43,159 807 (1,173)(28,663)63,095 17 (10,202)74,696 
Total on-balance exposures7,656 43,159 807 (1,173)(28,663)63,095 17 (10,202)74,696 
Off-balance exposures (credit card limits)1,428 (467)3 (187)(1)5,427 — — 6,203 
Total exposures9,084 42,692 810 (1,360)(28,664)68,522 17 (10,202)80,899 
Stage 3Balance at December 31, 2022Acquisition / (Settlements)Business Combination Transfer to stage 1Transfer to stage 2Transfer from stage 1Transfer from stage 2Write-OffClosing balance at December 31, 2023
Financial assets amortized cost
Loans and credit card operations14,181 (3,226)15,268 (1)(17)148,304 28,663 (20,891)182,281 
Total on-balance exposures14,181 (3,226)15,268 (1)(17)148,304 28,663 (20,891)182,281 
Off-balance exposures (credit card limits)— (18)18 — — 3,766 1 — 3,767 
Other off-balance exposures15,214 38,891 — — — — — (54,105)— 
Total exposures29,395 35,647 15,286 (1)(17)152,070 28,664 (74,996)186,048 
Consolidated StagesBalance at December 31, 2022Increase / (Reversal)Business Combination Write-OffClosing balance at December 31, 2023
Financial assets at fair value through other comprehensive income
Securities8,077 4,122 — — 12,199 
Financial assets amortized cost
Securities2,924 3,148 — — 6,072 
Securities purchased under resale agreements2,681 122 — — 2,803 
Loans and credit card operations43,149 263,168 43,573 (38,068)311,822 
Total on-balance exposures56,831 270,560 43,573 (38,068)332,896 
Off-balance exposures (credit card limits)6,228 7,579 4,325 — 18,132 
Other off-balance exposures15,214 38,890 — (54,104)— 
Total exposures78,273 317,029 47,898 (92,172)351,028 
Disclosure of Expected credit loss using simplified method
The table below presents the ECLs for the financial assets measured according to simplified approach in the period ended December 31, 2024 and December 31, 2023:
Expected Credit Losses20242023
Financial assets amortized cost
Securities trading and intermediation136,872 114,692 
Accounts Receivable75,885 63,907 
Other financial assets24,192 55,204 
Total236,949 233,803 
Disclosure of Expected credit loss segregated by product
The table below presents the expected credit losses for 2024 and 2023, segregated by products:
Expected Credit Losses20242023
Financial assets at fair value through other comprehensive income15,622 12,199 
Securities15,622 12,199 
Financial assets amortized cost650,269 554,501 
Securities13,962 6,072 
Securities purchased under resale agreements2,364 2,803 
Loans and credit card operations396,994 311,823 
Securities trading and intermediation136,872 114,692 
Accounts Receivable75,885 63,907 
Other financial assets24,192 55,204 
Total losses for exposures665,891 566,700 
Off-balance exposures (credit card limits)23,087 18,131 
Total exposures688,978 584,831