BB says| The corporate issues that required more allocations do not represent a widespread deterioration in funding

“These are specific cases where we understood that the possibility of recovery was very low and that is why we chose to make these funds available in full,” he said in a press conference. He added that this is not a systemic problem. “It is a specific issue, not related to any crisis or intervention in the capital market or credit market.”

Prince also stated that he does not see any new relevant risks in the corporate sector until the end of this year.

The effective tax rate should be lower than previously estimated, for Banco do Brasil (BB) projects, after the effects of Resolution 4,966, which changed the regulatory treatment of expected losses. BB’s Finance Vice President, Giovan Tobias, explained that the combination of lower pre-tax profit, due to higher provisions, and regulatory change significantly reduces the effective rate.

“We were estimating an average rate closer to 15%,” Tobias said. “With this new regulation on expected losses and given the agricultural scenario, you should expect to see a different rate from now on.” “As we continue to recognize higher incurred losses, we will get that benefit in our tax rate because the framework has completely changed.”

Janina Sturt, Director of Investor Relations at BB, completed this year’s impact. “For this year, the effective tax rate should be in the low single digits,” he said.

The prince also stated that The bank will continue to act more aggressively in agricultural collections and that some cases should move towards bankruptcy applications In the coming chapters.

“Next quarter, you’ll see that we have to file some bankruptcy filings, specifically to stabilize these operations and so that those who use this mechanism can do so legitimately and because they really need to.”

Prince added that the bank has strengthened controls, oversight and credit standards while supporting the sector. “We are not here to close the door in any way. We will remain the largest partner of Brazilian agribusiness, but with the necessary modifications,” he said.

Tobias mentioned that The focus of the bank’s growth in 2026 will be on the individual portfolio, while agriculture should remain relatively stable. BB’s expanded credit portfolio, as disclosed in the third-quarter balance sheet, reached R$1.279 trillion at the end of September, an increase of 7.5% in one year. The individual portfolio reached R$350 billion, an annual increase of 7.9%, while the agribusiness portfolio reached R$398 billion, an increase of 3.2%.