Banco Do Brasil Sa S/Adr (BDORY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, welcome to another videocast to talk about the result of the fourth quarter of Banco do Brasil. I am Janaine Stott, Head of Relations with BB Investors, and it is a pleasure to be here again with you, together with Giovanni Tobias, our CFO, and Marcelo Alexandre, our specialist in R&D. And to open up our conversation, I want to start by talking a little bit about the gardens, Giovanni. It was a challenging year, but as we can see here on the screen, we reached all the ranges, we were within all the ranges with the exception of agribusiness and here a lot due to the risk environment and the measures that we have been taking throughout the year to control inadimplency. But besides that, I wanted to hear a little bit from you about the composition of profit and your vision of this result. Well, just making one note here, When she says that we practically hit almost everything in the Guidance, it is important to remember that in 2025 we had three Guidances. When we announced at the beginning of the year what we had as the best expectation and forecast for the year 2025, we did not imagine what would happen in terms of result and mainly in terms of forecast with the implementation of 4966 and also the advance of inadimplency in the agribusiness sector. And that's why we suspended the Guidance, so that we could take a break and understand exactly what was happening, what was the reflection. So, we had that moment to go deeper, to study, to understand and to bring to the market, in the promotion of the semester, what would then be our Guidance, our best vision for the whole year of 2025. And then, finally, we ended more or less in November, making another adjustment, mainly in the risk line, the expected loss, the provisions. So, when we look at the result o...