United States
Securities and Exchange Commission
Washington, D.C. 20549

FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2024
Commission File Number 001-41419

INTER & Co, INC.
(Exact name of registrant as specified in its charter)
N/A
(Translation of Registrant’s name into English)
Av Barbacena, 1.219, 22nd Floor
Belo Horizonte, State of Minas Gerais, Brazil, ZIP Code 30 190-131
Telephone: +55 (31) 2138-7978
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒                        Form 40-F ☐


EXHIBIT INDEX

2

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
INTER & Co, INC.
By: /s/ Santiago Horacio Stel
Name:Santiago Horacio Stel
Title:Senior Vice President of Finance and Risks
Date: August 07, 2024


a062024_en-cover.jpg

intereco_logo.jpg
Unaudited interim condensed consolidated statements
 As of for the six-month period ended
June 30, 2024
Contents
Management report2
4
Borrowing and on-lending
Tax liabilities
Net revenues from services and commissions
Tax expenses
1
intereco_logo.jpg
Unaudited interim condensed consolidated statements
 As of for the six-month period ended
June 30, 2024
Management report
Inter & Co, Inc.
Inter & Co, Inc (the Company and, together with its consolidated subsidiaries, the Group) is a holding company incorporated in the Cayman Islands, with limited liability. Inter&Co is the controlling company of the group Inter and indirectly holds all the shares in Banco Inter.
Inter
Inter provides e-commerce and financial services, these solutions are offered in a single digital ecosystem that includes a complete range of banking services, investments, credit, insurance, and cross-border banking, as well as a marketplace that brings together the largest retailers in Brazil and in the United States.
Operating highlights
Customers
As of June 30, 2024 we surpassed a total of 33.3 million customers. The activation rate reached 55.3%, an increase of 3.1 percentage points when compared to June 30, 2023.
Loan Portfolio
The balance of loan operations reached R$33.0 billion, representing a positive variation of 10.7% compared to December 31, 2023.
Economic and financial highlights
Profit (loss) for the period
As of June 30, 2024 we achieved an accumulated profit of R$417.9 million, representing a significant increase of 372.8% in compared to the previous period ending June 30, 2023.
Revenues
As of June 30, 2024, revenues reached R$2,879.5 million, marking an increase of R$705.4 million compared to the same period in 2023.
Administrative expenses
Accumulated administrative and personnel expenses incurred as of June 30, 2024, totaled R$(1,192.7) million, an increase of R$(100.6) million compared to June 30, 2023.
Equity highlights
Total assets
Total assets reached R$R$66.6 billion as of June 30, 2024, an increase of 10.3% compared to December 31, 2023.
Shareholder’s equity
Shareholder’s equity totaled R$8.6 billion, an increase 13.3% compared to December 31, 2023.
Relationship with the independent auditors
The Company also has a policy with requirements for contractual risk analysis which defines that the Board of Directors must evaluate the transparency, objectivity, governance aspects and the compromising of the independence of the contract, thus ensuring conformity between the parties involved. Additionally, it has an Audit Committee which, among its responsibilities and competencies, in addition to providing opinions and recommendations on the audit service provider, also evaluates the effectiveness of the independent and internal audits, including with regard to the verification of compliance with legal provisions and regulations applicable to Inter, as well as internal policies and codes.
2
intereco_logo.jpg
Unaudited interim condensed consolidated statements
 As of for the six-month period ended
June 30, 2024
Furthermore, Inter&Co, Inc. confirms that KPMG Auditores Independentes Ltda. has procedures, policies, and controls in place to ensure its independence, which include an evaluation of the work provided, covering any service other than the independent audit of Company's financial information. This evaluation is based on the applicable regulations and accepted principles that preserve the auditor's independence. The acceptance and performance of non-audit professional services on the financial Information by its independent auditors during the period ended as of June 30, 2024 did not affect the independence and objectivity in the conduct of the audit work performed at Inter & Co, Inc. Information related to independent auditors' fees is made available annually in the reference form.
Acknowledgment
We would like to thank our shareholders, customers, and partners for their trust, as well as each of our employees who build our history each day.
Belo Horizonte, August 05, 2024.
The Management
3
kpmg.jpg
KPMG Auditores Independentes Ltda
Rua Paraíba, 550 - 12º andar - Bairro Funcionários
30130-141 - Belo Horizonte/MG - Brasil
Caixa Postal 3310 - CEP 30130-970 - Belo Horizonte/MG - Brasil
Telefone +55 (31) 2128-5700
kpmg.com.br
Report on review of interim financial statements
To the Shareholders, Board of Directors and Management of
Inter & Co, Inc.
Cayman Islands
Introduction
We have reviewed the condensed consolidated interim financial information of Inter & Co. Inc. ("Company"), included in the Interim Financial Information Form for the quarter ended June 30, 2024, which comprise the balance sheet as of June 30, 2024, and the statements of profit or loss, comprehensive income (loss) for the three-month and six-month periods then ended and changes in equity and cash flows for the three-month period then ended, including the explanatory notes.
Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with IAS 34 Interim Financial Reporting, issued by the International Accounting Standards Board – (IASB). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review.
Scope of review
We conducted our review in accordance with Brazilian and international review standards on interim financial information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of people responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
Conclusion on the condensed consolidated interim financial information
Based on our review, nothing has come to our attention that causes us to believe that the condensed consolidated interim financial information referred to above is not prepared, in all material respects, in accordance with IAS 34, applicable to the preparation of interim financial information.
Belo Horizonte, August 6, 2024
KPMG Auditores Independentes Ltda.
CRC SP 014428/O-6 F-MG
Original report Portuguese signed by
Jonas Moreira Salles
Accountant CRC SP-295315/O-4
KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of KPMG's global organization of independent member firms licensed by KPMG International Limited, a private English company limited by guarantee.KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.
4
intereco_logo.jpg
Unaudited interim condensed consolidated balance sheets
As of June 30, 2024 and December 31, 2023
(Amounts in thousands of Brazilian reais, unless otherwise stated)
Note06/30/202412/31/2023
Assets
Cash and cash equivalents2,797,339 4,259,379 
Amounts due from financial institutions, net of provisions for expected loss5,280,322 3,718,506 
Deposits at Central Bank of Brazil3,725,775 2,664,415 
Securities, net of provisions for expected loss18,276,426 16,868,112 
Derivative financial 7,177 4,238 
Loans and advances to customers, net of provisions for expected loss30,806,640 27,900,543 
Non-current assets held for sale179,954 174,355 
Equity accounted investees88,155 90,634 
Property and equipment193,647 167,547 
Intangible assets1,661,858 1,345,304 
Deferred tax assets1,218,265 1,033,535 
Other assets2,337,903 2,125,229 
Total assets66,573,460 60,351,797 
Liabilities
Liabilities with financial and similar institutions10,913,779 9,522,469 
Liabilities with customers35,978,318 32,651,620 
Securities issued8,543,248 8,095,042 
Derivative financial 14,039 15,063 
Borrowing and on-lending101,630 107,412 
Tax liabilities357,818 363,262 
  Income tax and social contribution268,690 287,978 
  Other tax liabilities89,128 75,284 
Provisions45,712 70,452 
Deferred tax liabilities29,640 32,539 
Other liabilities1,981,740 1,897,248 
Total liabilities57,965,924 52,755,107 
Equity
Share capital13 13 
Reserves9,232,290 8,147,285 
Other comprehensive income(756,625)(675,488)
Treasury shares(13,687)— 
Equity attributable to owners of the Company8,461,991 7,471,810 
Non-controlling interest145,545 124,881 
Total equity8,607,536 7,596,691 
Total liabilities and equity66,573,460 60,351,797 

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

5
intereco_logo.jpg
Unaudited interim condensed consolidated income statements
For the quarters ended June 30, 2024 and 2023
(Amounts in thousands of Brazilian reais, except for earnings per share)
QuarterSemester
Note06/30/202406/30/202306/30/202406/30/2023
Interest income1,172,415 1,151,105 2,389,946 2,164,032 
Interest expenses(772,643)(692,206)(1,534,890)(1,364,977)
Income from securities and derivatives629,896 343,176 1,145,277 714,582 
Net interest income and income from securities and derivatives1,029,668 802,075 2,000,334 1,513,637 
Net revenues from services and commissions397,145 298,524 771,485 580,877 
Expenses from services and commissions(32,942)(31,723)(66,964)(67,401)
Other revenues84,728 81,158 174,685 147,035 
Revenues1,478,599 1,150,034 2,879,540 2,174,148 
Impairment losses on financial assets(421,248)(398,560)(832,296)(749,241)
Administrative expenses(402,827)(347,868)(798,071)(733,483)
Personnel expenses(204,207)(186,249)(394,670)(358,661)
Tax expenses(99,418)(72,463)(185,749)(141,334)
Depreciation and amortization(53,035)(41,130)(94,935)(78,707)
Income from equity interests in associates14.b(257)(23,465)(2,480)(26,526)
Profit before income tax297,607 80,299 571,340 86,196 
Income tax(74,943)(16,127)(153,455)2,192 
Profit for the year 222,664 64,172 417,885 88,388 
Profit attributable to:
Owners of the Company206,479 48,746 389,272 60,151 
Non-controlling interest16,186 15,426 28,613 28,237 
Earnings (loss) per share
Basic earnings (loss) per share 0.48 0.12 0.90 0.15 
Diluted earnings (loss) per share0.47 0.12 0.89 0.15 

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

6
intereco_logo.jpg
Unaudited interim condensed consolidated statements of comprehensive income
For the quarters ended June 30, 2024 and 2023
(Amounts in thousands of Brazilian reais, unless otherwise stated)
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Profit for the year 222,665 64,172 417,885 88,388 
Other comprehensive income
Items that are or may be reclassified subsequently to the income statement:
Change in fair value - financial assets at FVOCI(188,999)243,219 (283,808)275,440 
Related tax - financial assets FVOCI85,051 (109,448)127,713 (123,948)
Net change in fair value - financial assets at FVOCI(103,948)133,771 (156,095)151,492 
Fair value change - investments in operations abroad(55,412)14,750 (63,032)14,750 
Tax effect22,433 (3,682)28,364 (3,682)
Hedge of net investments in operations abroad(32,979)11,068 (34,668)11,068 
Foreign exchange differences on the translation of foreign operations91,553 (15,241)109,626 (19,507)
Others— — — 24 
Other comprehensive income that may be reclassified subsequently to the income statement(45,374)129,598 (81,137)143,077 
Total comprehensive income for the period177,291 193,770 336,748 231,465 
Allocation of comprehensive income
To owners of the company161,105 178,344 308,135 203,228 
To non-controlling interest16,186 15,426 28,613 28,237 

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

7
intereco_logo.jpg
Unaudited interim condensed consolidated statements of cash flows
For the quarters ended June 30, 2024 and 2023
(Amounts in thousands of Brazilian reais, unless otherwise stated)
06/30/202406/30/2023
Operating activities
Profit (loss) 417,885 88,388 
Adjustments to profit (loss)
Depreciation and amortization94,935 78,707 
Result of equity interests in associates2,480 26,526 
Impairment losses on financial assets832,296 749,241 
Expenses with provisions21,454 16,641 
Income tax and social contribution153,455 (2,192)
Provisions/ (reversals) for loss of assets(60,766)(17,276)
Adjustments to the fair value of financial instruments(63,032)— 
Capital gains (8,789)(9,087)
Performance income(40,991)(56,195)
Revenue foreign exchange(33,953)(41,110)
(Increase)/ decrease in:
Compulsory deposits at Central Bank of Brazil(1,061,360)1,150,909 
Loans and advances to customers(3,751,435)(2,893,307)
Amounts due from financial institutions(1,563,306)1,702,045 
Securities(256,712)84,432 
Derivative financial(2,940)(3,625)
Non-current assets held for sale(5,600)(9,923)
Other assets(235,220)(63,184)
Increase/ (decrease) in:
Liabilities with financial and similar institutions1,391,310 117,056 
Liabilities with customers3,326,698 2,656,522 
Securities issued448,206 804,026 
Derivative financial — (9,772)
Borrowing and on-lending(5,782)1,498 
Tax liabilities(40,199)10,017 
Provisions(46,194)(8,159)
Other liabilities213,199 (183,633)
Income tax paid(170,124)(60,891)
Net cash from operating activities(444,485)4,127,654 
Cash flow from investing activities
Capital increase in associate— 11,564 
Acquisition of subsidiaries, net of cash acquired— (14,426)
Acquisition of property and equipment(30,172)(8,291)
Acquisition of intangible assets(413,570)(135,338)
Acquisition of financial assets at FVOCI(2,519,276)(11,394,602)
Proceeds from sale of financial assets at FVOCI1,157,383 9,667,446 
Acquisition of financial assets at FVTPL(40,685)(617,480)
Proceeds from sale of financial assets at FVTPL109,816 690,577 
Net cash used in investing activities(1,736,504)(1,800,550)
Cash flow from financing activities
Capital increase
781,735 — 
Dividends and interest on shareholders' equity paid(74,528)(16,049)
Repurchase of treasury shares(18,953)(16,409)
Resources from non-controlling interest, including capital increase(2,234)4,815 
Net cash used in from financing activities686,020 (27,643)
Increase/(Decrease) in cash and cash equivalents(1,494,969)2,299,461 
Cash and cash equivalents at the beginning of the period4,259,379 1,331,648 
Effect of the exchange rate variation on cash and cash equivalents33,953 41,110 
Cash and cash equivalents at June 302,798,363 3,672,219 

The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

8
intereco_logo.jpg
Unaudited interim condensed consolidated statements of changes in equity
For the quarters ended June 30, 2024 and 2023
(Amounts in thousands of Brazilian reais, unless otherwise stated)
Share capitalReservesOther comprehensive income Retained earnings / accumulated lossesTreasury sharesEquity attributable to owners of the CompanyNon-controlling interest Total equity
Balance as of January 1, 2023 - Inter&Co, Inc.13 7,817,670 (825,301)— — 6,992,382 96,722 7,089,104 
Profit for the period— — — 60,151 — 60,151 28,237 88,388 
Proposed allocations:
Constitution/ reversion of reserves— 60,151 — (60,151)— — — — 
Interest on equity / dividends— — — — — — (16,049)(16,049)
Foreign exchange differences on the translation of foreign operations— — (8,439)— — (8,439)— (8,439)
Net change in fair value - financial assets at FVOCI— — 151,492 — — 151,492 — 151,492 
Share-based payment transactions— 17,474 — — — 17,474 — 17,474 
Reflex reserve— 7,282 — — — 7,282 — 7,282 
Repurchase of treasury shares— — — — (16,409)(16,409)— (16,409)
Others— — 24 — — 24 4,791 4,815 
Balance as of June 30, 2023 - Inter&Co, Inc.13 7,902,577 (682,224)— (16,409)7,203,957 113,701 7,317,658 
Balance as of January 1, 2024 - Inter&Co, Inc.13 8,147,285 (675,488)— — 7,471,810 124,881 7,596,691 
Profit for the period———389,272—389,27228,613417,885 
Proposed allocations:
Constitution/ reversion of reserves— 389,272 — (389,272)— — — — 
Capital increase— 820,503 — — — 820,503 — 820,503 
Cost associated with issuing equity securities— (38,768)— — — (38,768)— (38,768)
Interest on equity / dividends— (68,813)— — — (68,813)(5,715)(74,528)
Foreign exchange differences on the translation of foreign operations— — 109,626 — — 109,626 — 109,626 
Gains and losses - Hedge— — (34,668)— — (34,668)— (34,668)
Net change in fair value - financial assets at FVOCI— — (156,095)— — (156,095)— (156,095)
Share-based payment transactions— (5,266)— — 5,266 — — — 
Reflex reserve— (11,923)— — — (11,923)— (11,923)
Repurchase of treasury shares— — — — (18,953)(18,953)— (18,953)
Others— — — — — — (2,234)(2,234)
Balance as of June 30, 2024 - Inter&Co, Inc.13 9,232,290 (756,625)— (13,687)8,461,991 145,545 8,607,536 
The accompanying notes are an integral part of the Unaudited interim condensed consolidated statements

9
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Notes to the Unaudited interim condensed consolidated financial statement
(Amounts in thousands of Brazilian reais, unless otherwise stated)
1.Activity and structure of Inter & Co, Inc. and its subsidiaries
Inter&Co, Inc. (“Inter&Co”), is a company incorporated in the Cayman Islands with limited liability, as of January 26, 2021.
Inter&Co, Inc. is registered with the U.S. Securities and Exchange Commission (“SEC”). Common shares are traded on Nasdaq under the symbol “INTR” and Brazilian Depositary Receipts (“BDRs”) are traded on B3 - Brasil, Bolsa, Balcão (“B3”), the Brazilian stock exchange, under the symbol “INBR32” .
2.Basis for preparation
a.Compliance statement
The Group's Unaudited interim condensed consolidated financial statements was prepared in accordance with IAS 34 - interim financial reports issued by the International Accounting Standards Board (IASB).
This Unaudited interim condensed consolidated financial statements was prepared following the preparation basis and accounting policies consistent with those adopted in the preparation of the consolidated financial statements of Inter&Co, Inc., as of December 31, 2023, and is therefore intended only to provide an update of the content of the latest financial statements and must be read together, in accordance with IAS 34.
The information in the explanatory notes that did not undergo significant changes or that did not present new disclosures in relation to December 31, 2023 was not fully repeated in this condensed consolidated interim financial statement. However, information has been included to explain the main events and transactions that have occurred, allowing an understanding of the changes in the financial position and performance of the Inter&Co operations since the publication of the consolidated financial statements as of December 31, 2023.
This Unaudited interim condensed consolidated financial statement was authorized for issuance by the Company's Board of Directors on August 05, 2024.
b.Functional and presentation currency
This Unaudited interim condensed consolidated financial statement is presented in Brazilian reais (BRL or R$). The functional currency of the Group companies is shown in note 4a. All balances were rounded to the nearest thousand, unless otherwise indicated.
c.Use of estimates and judgments
In preparing this Unaudited interim condensed consolidated financial statement, management has made judgments, estimates and assumptions that affect the application of the accounting policies of the Group and the reported amounts of assets, liabilities, revenues, and expenses. Actual results may differ from such estimates. Estimates and assumptions are reviewed on an ongoing basis. Adjustments, if any, related to changes in estimates are recognized prospectively. The significant judgments made by management during the application of the Inter&Co accounting policies and the sources of estimation uncertainty are described below:
10
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Judgments
Information about the judgments made in the application of accounting policies that have the most relevant effects on the amounts recognized in financial projections are included in the following notes:
•Basis for consolidation (see note 4a): whether Inter&Co has de facto control over an investee;
•Equity accounted investees (see note 14): whether Inter&Co has significant influence over an investee.
Estimates
The estimates present a significant risk and may have a material impact on the values of assets and liabilities in the next year, and the actual results may differ from those previously established. They are disclosed below and are related to the following notes:
•Classification of financial assets (see notes 6 and 7) - evaluation of the business model in which the assets are held and evaluation if the contractual terms of the financial asset relate only to payments of principal and interest (SPPI test).
•Measuring the provision for expected credit losses on financial assets measured at amortized cost and fair value through other comprehensive income (FVOCI) requires the use of complex quantitative models and assumptions about future economic conditions and credit behavior. Several significant judgments are also necessary to apply accounting requirements to measure the expected credit loss, such as: determining the criteria for evaluating the significant increase in credit risk; select quantitative models and appropriate assumptions to measure expected credit loss; and establish different prospective scenarios and their weighting, among others.
•Business combination (see note 4b): determination of fair values of assets acquired and liabilities assumed in business combinations.
•Impairment test of intangible assets and goodwill (see notes 16): for the purposes of impairment testing, each invested entity was considered a cash generating unit (“CGU”).
•Deferred tax asset (note 34): the expected realization of the deferred tax asset is based on projected future taxable income and other technical studies.
3.Material changes of accounting policies
New or revised accounting pronouncements adopted in 2024
The following new or revised standards have been issued by IASB, and were effective for the year covered by these Unaudited interim condensed consolidated financial statements, and had no material impact on these condensed consolidated interim financial statements.
•Definition of accounting estimates - Amendments to IAS 8: defines accounting estimates as monetary values susceptible to uncertainties in their measurement. Among these estimates we can mention the expected credit loss and the fair value of assets and liabilities.
•Disclosure of Accounting Policies – Changes to IAS 1 and IFRS Practice Statement 2: The Inter&Co adopted disclosure from January 1, 2023. Although the amendments made to the accounting policies did not result in any changes to the accounting policies themselves, they did have an impact on the disclosure of accounting policy information in the consolidated financial statements. The amendments require 'material' disclosure of policies instead of 'significant' disclosure. Additionally, they provide guidance on the application of materiality to the disclosure of accounting policies, thus assisting entities in providing useful and specific policy information that users require to understand other information in the financial statements. Management made certain updates to the information presented in Note 4, which pertains to Material Accounting Policies (previously referred to as Significant Accounting Policies), in line with the amendments.
11
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
•Deferred tax on leasing transactions – Amendments to IAS 12: clarify that the exemption for accounting for deferred taxes arising from temporary differences generated in the initial recognition of assets or liabilities does not apply to leasing transactions.
•Changes to IFRS 16 - Leases: the IASB has issued narrow-scope changes to the requirements for sale and leaseback transactions in IFRS 16, explaining how an entity accounts for a sale and leaseback after the date of the transaction. Sale and leaseback transactions in which some or all of the lease payments are variable lease payments that are not dependent on an index or rate and are more likely to be impacted.
•Insurance Contracts - IFRS 17: The standard on Insurance Contracts replaces IFRS 4 - Insurance Contracts, and brings important changes to the measurement, recognition and disclosure of these contracts, through specific methodologies for each type of agreement.
•Changes to IAS 7 and IFRS 7 - Supplier financing arrangements: these changes require disclosures to increase the transparency of supplier financing arrangements and their effects on a company's liabilities, cash flows and liquidity risk exposure. The disclosure requirements are the IASB's response to investor concerns that some companies' supplier financing arrangements are not sufficiently visible, making it difficult for investors to review.
Other new standards and interpretations issued but not yet effective
•Classification of Liabilities as Current or Non-Current – Amendments to IAS 1: clarifies when to take into account contractual conditions (covenants) that may impact the unconditional right to postpone the settlement of the liability for a minimum period of 12 months after the closure of the report, in addition to establish disclosure requirements for liabilities with covenants classified as non-current. These changes will come into effect from the start of the 2024 financial year, and there is no impact on the consolidated financial statements.
•Amendment to IAS 21 - Effects of Changes in Exchange Rates and Conversion of Financial Statements: the changes will require the application of a consistent approach when assessing whether one currency can be exchanged for another and the amendment clarifies how entities should determine the exchange rate to be used, and disclosures to be provided, when a currency is difficult, or cannot, be exchanged. The changes aim to improve the information that an entity provides in its financial statements. The changes to IAS 21 are effective from January 1, 2025, and their adoption may be brought forward. Management does not expect impacts on the Group’s financial statements.
•New IFRS 18 - Presentation and Disclosure in Financial Statements: issued in April 2024, replaces IAS 1 and brings additional requirements to improve the disclosure of companies' financial performance. It defines three categories for income and expenses: operating, investments and financing, in addition to including new subtotals, such as operating profit. The standard also provides guidance on the disclosure of performance indicators defined by management and provides specific requirements for companies in the banking and insurance sector. IFRS 18 will come into force on January 1, 2027, and Management is currently analyzing its impacts on the Group’s financial statements.
4.Material accounting policies
The accounting policies described below were applied in all of the years presented in the Unaudited interim condensed consolidated financial statements.
a.Basis for consolidation
Companies under Inter&Co control are classified as controlled. The company is considered the controller of an entity when it is exposed to or has the right to variable returns arising from involvement with that entity, in addition to having the ability to use its power to influence the value of these returns.
12
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
The subsidiaries are consolidated in full as from the date the company gains control of their activities until the date on which control ceases to exist. With regard to the significant restrictions on the Group’s ability to access or use the assets and settle the Group's liabilities, only the regulatory restrictions, linked to the compulsory reserves maintained in compliance with the requirement of the Central Bank of Brazil, which restrict the ability of subsidiaries of Inter&Co to transfer cash to other entities within the economic group. There are no other legal or contractual restrictions and no guarantees or other requirements that may restrict that dividends and other capital distributions are paid or that loans and advances are made or paid to (or by) other entities within the economic group.
The following table shows the subsidiaries in each year:
EntityBranch of ActivityCommon shares
and/or quotas		Functional currencyCountryShare in the capital (%)
06/30/202412/31/2023
Direct subsidiaries
Inter&Co Participações Ltda. Holding Company2,348,517,995 BRLBrazil100.00 %100.00 %
INTRGLOBALEU Serviços Administrativos, LDAHolding Company1 EURPortugal100.00 %100.00 %
Inter US Holding, Inc Holding Company100 US$USA100.00 %100.00 %
Inter Holding Financeira S.A.Holding401,207,704 BRLBrazil100.00 %100.00 %
Indirect subsidiaries
Banco Inter S.A.Multiple Bank1,297,308,713 BRLBrazil100.00 %100.00 %
Inter Distribuidora de Títulos e Valores Mobiliários Ltda. Securities335,000,000 BRLBrazil100.00 %100.00 %
Inter Digital Corretora e Consultoria de Seguros Ltda.Insurance broker59,750 BRLBrazil60.00 %60.00 %
Inter Marketplace Intermediacão de negócios e Serviços Ltda. (a)Marketplace1,984,271,386 BRLBrazil100.00 %100.00 %
Inter Titulos Fundo de InvestimentoInvestment Fund491,185,000 BRLBrazil98.24 %98.30 %
BMA Inter Fundo De Investimento Em Direitos Creditórios MultissetorialInvestment Fund139,649,000 BRLBrazil73.81 %86.46 %
TBI Fundo De Investimento Renda Fixa Credito PrivadoInvestment Fund230,278,086 BRLBrazil100.00 %100.00 %
TBI Fundo De Investimento Crédito Privado Investimento ExteriorInvestment Fund15,000,000 BRLBrazil100.00 %100.00 %
IG Fundo de Investimento Renda Fixa Crédito Privado Investment Fund144,796,772 BRLBrazil100.00 %100.00 %
Inter Simples Fundo de Investimento em Direitos Creditórios Multissetorial Investment Fund29,719 BRLBrazil91.94 %99.11 %
IM Designs Desenvolvimento de Software Ltda.Provision of services50,000,000 BRLBrazil50.00 %50.00 %
Acerto Cobrança e Informações Cadastrais S.A.Provision of services60,000,000,000 BRLBrazil60.00 %60.00 %
Inter & Co Payments, IncProvision of services1,000 US$USA100.00 %100.00 %
Inter Asset Gestão de Recursos Ltda Asset management750,814 BRLBrazil70.87 %70.87 %
Inter Café Ltda.Provision of services3,010,000 BRLBrazil100.00 %100.00 %
Inter Boutiques Ltda.Provision of services6,010,008 BRLBrazil100.00 %100.00 %
Inter Food Ltda.Provision of services7,000,000 BRLBrazil70.00 %70.00 %
Inter Viagens e Entretenimento Ltda. Provision of services94,515,000 BRLBrazil100.00 %100.00 %
Inter Conectividade Ltda.Provision of services33,533,805 BRLBrazil100.00 %100.00 %
Inter US Management, LLCProvision of services100,000 US$USA100.00 %100.00 %
Inter US Finance, LLC Provision of services100,000 US$USA100.00 %100.00 %
Inter&Co Securities, LLC (b)Securities— US$USA100.00 %100.00 %
Inter&Co Tecnologia e Serviços Financeiros Ltda. (c)Provision of services9,896,122,671 BRLBrazil60.63 %— %
Landbank Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (d)Investment Fund301,000,000 BRLBrazil100.00 %— %
a.On March 27, 2024, the corporate reorganization of Inter Marketplace Intermediação De Negócios e Serviços Ltda. Banco Inter, which was the sole partner of Inter Marketplace Intermediação de Negócios e Serviços Ltda, transferred its shares to Inter&Co Participações Ltda, becoming the direct controller of Inter Marketplace, consequently, an indirect subsidiary of Inter&Co.
b.The reorganization of Inter&Co Securities, LLC ("Securities") was completed on February 22, 2024. Inter&Co, Inc. ("Inter&Co"), which was the sole owner of Securities, transferred Securities' shares to its direct subsidiary, Inter US Holding, Inc. ("US Holding"). With the completion of this reorganization, Securities is now a direct subsidiary of US Holding and, consequently, an indirect subsidiary of Inter&Co.
c.On April 19, 2024, there was a change in the control structure of Inter&Co Tecnologia e Serviços Financeiros Ltda., which became directly controlled by Banco Inter. Previously, Inter&Co Tecnologia e Serviços Financeiros Ltda. was controlled by Inter&Co Payments, Inc.
d.On June 28, 2024, Inter&Co made a significant investment by acquiring a significant number of shares in the Landbank fund. As a result of this acquisition, the financial data relating to these funds began to be included in the consolidation basis of Inter&Co's financial statements.
Minority shareholders' interests
The Inter&Co recognizes the portion of equity relating to non-controlling interests in the consolidated balance sheet. In transactions involving the purchase of interests from non-controlling interests, the difference between the amount paid and the interest acquired is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity. The company holds 50% or more of the voting capital of all indirect subsidiaries.
13
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Balances and transactions eliminated on consolidation
Intra-group balances and transactions, including any unrealized gains or losses arising from intra-group transactions, are eliminated in the consolidation process. Unrealized losses are eliminated only to the extent that there is no evidence of impairment.
5.Operational segments
Operating segments are disclosed based on internal information that is used by the chief operating decision maker to allocate resources and to assess performance. The chief operating decision-maker, responsible for allocating resources, evaluating the performance of the operating segments and responsible for making strategic decisions for the Inter&Co, is the CEO, together with the Board of Directors.
Profit by operating segment
Each operating segment is composed of one or more legal entities. The measurement of profit by operating segment takes into account all revenues and expenses recognized by the companies that make up each segment.
Transactions between segments are carried out under terms and rates compatible with those practiced with third parties, where applicable. The Inter&Co does not have any single customer accounting for more than 10% of its total net revenue.
a.Banking & Spending
This segment comprises a wide range of banking products and services, such as checking accounts, debit and credit cards, deposits, loans, advances to customers, debt collection services and other services, which are available to the customers primarily by means of Inter&Co’s mobile application. The segment also comprises foreign exchange services and money remittances between countries, including the Global Account digital solution, including investment funds consolidated by the Group.
b.Investments
This segment is responsible for operations related to the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market and operations related to the management of fund portfolios and other assets (purchase, sale, risk management). Revenues consist primarily of administration fees and commissions charged to investors for the rendering of such services.
c.Insurance Brokerage
This segment offers insurance products underwritten by insurance companies with which Inter has an agreement (‘partner insurance companies’), including warranties, life, property and automobile insurance and pension products, as well as consortium products provided by a third party with whom Inter has a commercial agreement. The income from brokerage commissions is recognized in the income statement when services are provided, that is, when the performance obligation is fulfilled upon sale to the customer.
d.Inter Shop
This segment includes sales of goods and/or services with partner companies through our digital platform. The segment income is primarily comprised of commissions received for sales and/or for the rendering of these services.
14
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Segment information
As of and for June 30, 2024
Banking & SpendingInvestmentsInsurance BrokerageInter Shop Total of reportable segmentsOthersEliminationsConsolidated
Interest income2,336,507 5,969 — 32,121 2,374,597 22,777 (7,428)2,389,946 
Interest expenses(1,566,138)(5,547)— — (1,571,685)(3,682)40,477 (1,534,890)
Income from securities and derivatives1,091,668 41,328 1,912 17,580 1,152,488 25,838 (33,049)1,145,277 
Net interest income and income from securities and derivatives1,862,037 41,750 1,912 49,701 1,955,400 44,933 — 2,000,334 
Net revenues from services and commissions555,812 62,464 83,104 67,434 768,814 2,671 — 771,485 
Expenses from services and commissions(66,788)(171)— (1)(66,960)(4)— (66,964)
Other revenues178,460 10,571 25,422 11,852 226,305 70,436 (122,056)174,685 
Revenues2,529,521 114,614 110,438 128,986 2,883,559 118,036 (122,056)2,879,540 
Impairment losses on financial assets(831,859)— — — (831,859)(437)(832,296)
Administrative expenses(696,980)(33,345)(31,544)(29,306)(791,175)(6,896)— (798,071)
Personnel expenses(298,154)(39,769)(10,659)(21,333)(369,915)(24,755)— (394,670)
Tax expenses(136,808)(7,810)(9,224)(22,957)(176,799)(8,950)— (185,749)
Depreciation and amortization(86,109)(3,203)(733)(4,748)(94,793)(142)— (94,935)
Income from equity interests in associates(2,480)— — — (2,480)— — (2,480)
Profit before income tax477,131 30,487 58,278 50,642 616,538 76,856 (122,056)571,340 
Income tax(92,874)(10,229)(17,902)(35,259)(156,264)2,808 — (153,455)
Profit for the year 384,257 20,258 40,376 15,383 460,274 79,664 (122,056)417,885 
Total assets65,697,258 864,729 291,729 597,924 67,451,640 1,403,169 (2,295,271)66,559,538 
Total liabilities58,008,431 466,359 151,136 585,530 59,211,456 407,621 (1,666,961)57,952,116 
Total equity7,688,827 398,370 140,593 12,394 8,240,184 995,548 (628,310)8,607,422 
15
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
As of and for June 30, 2023
Banking & SpendingInvestmentsInsurance BrokerageInter Shop Total of reportable segmentsOthersEliminationsConsolidated
Interest income2,153,260 11,704 — 15,438 2,180,402 1,041 (17,411)2,164,032 
Interest expenses(1,371,466)(9,244)— — (1,380,710)(5,277)21,010 (1,364,977)
Income from securities and derivatives752,809 21,427 1,029 10,131 785,396 338 (71,152)714,582 
Net interest income and income from securities and derivatives1,534,603 23,887 1,029 25,569 1,585,088 (3,898)(67,553)1,513,637 
Net revenues from services and commissions398,480 44,372 53,068 81,700 577,620 3,257 — 580,877 
Expenses from services and commissions(67,293)(92)— (1)(67,386)(15)— (67,401)
Other revenues216,549 8,011 24,989 13,821 263,370 403 (116,738)147,035 
Revenues2,082,339 76,178 79,086 121,089 2,358,692 (253)(184,291)2,174,148 
Impairment losses on financial assets(743,544)317 — (6,013)(749,240)(1)— (749,241)
Administrative expenses(644,959)(34,542)(20,082)(28,014)(727,597)(5,886)— (733,483)
Personnel expenses(301,226)(28,469)(7,799)(16,504)(353,998)(4,663)— (358,661)
Tax expenses(112,224)(5,210)(7,415)(16,157)(141,006)(328)— (141,334)
Depreciation and amortization(72,088)(1,709)(436)(4,380)(78,613)(94)— (78,707)
Income from equity interests in associates(26,526)— — — (26,526)— — (26,526)
Profit / (loss) before income tax181,772 6,565 43,354 50,021 281,712 (11,225)(184,291)86,196 
Income tax32,574 2,990 (14,728)(20,332)504 1,688 — 2,192 
Profit / (loss) for the year 214,346 9,555 28,626 29,689 282,216 (9,537)(184,291)88,388 
Total assets60,102,556 570,182 211,213 337,810 61,221,761 96,447 (966,411)60,351,797 
Total liabilities52,501,608 326,926 96,198 141,600 53,066,332 (19,167)(292,059)52,755,106 
Total equity7,600,948 243,256 115,015 196,210 8,155,429 115,614 (674,352)7,596,691 

16
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
6.Financial risk management
Risk management at Inter&Co includes credit, market, liquidity and operational risks. Risk management activities are carried out by independent and specialized structures, in accordance with previously defined policies and strategies. In general, the activities and processes seek to identify, measure, and control the financial and non-financial risks to which Inter is subject.
The model adopted by Inter&Co, Inc., involves a structure of areas and committees that seek to ensure:
•Segregation of function;
•Specific unit for risk management;
•Defined management process;
•Clear norms and competence structure;
•Defined limits and margins; and
•Reference to best management practices.
a.Credit risk
Credit risk is defined as the possibility of losses associated with the failure of the borrower or counterparty to meet their respective financial obligations in the agreed-upon terms or the devaluation of a credit agreement arising from the increased risk of default by the borrower, among others.
The financial instruments subject to credit risk are submitted to careful credit evaluation prior to contracting, as well as throughout the term of the respective operations. The credit analyses are based on the borrower's (or counterparty's) economic and financial capacity behavior, including payment history and credit reputation, in addition to the terms and conditions of the respective credit operation, including terms, rates and guarantees.
Loans and advances to customers, as shown in Note 12, are mainly represented by the following operations:
•Credit card: credit operations related to credit card limits, mostly without attached guarantees;
•Business loans: working capital operations, receivables, discounts and loans in general, with or without attached guarantees;
•Real estate loans: loans and financing operations secured by real estate, with attached guarantees;
•Personal loans: loan and payroll card operations, personal loans with and without transfer guarantees; and
•Agribusiness loans: financing operations for costing, investment, commercialization and/or industrialization granted to rural producers, with or without attached guarantees.
Mitigation of Exposure
In order to maintain the exposures within the risk levels established by senior management, Inter adopts measures to mitigate credit risk. Exposure to credit risk is mitigated through the structuring of guarantees, adapting the risk level to be incurred to the characteristics of the collateral taken at the time of granting. Risk indicators are monitored on an on-going basis and proposal for alternatives forms of mitigation are assessed, whenever the exposure behavior to credit risk of any unit, region, product or segment requires it. Additionally, credit risk mitigation takes place through product repositioning and adjusting operational processes or operation approval levels.
17
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
In addition to the activities described above, goods pledged in guarantee are subject to a technical assessment / valuation at least once every twelve months. In the case of personal guarantees, an analysis of the financial and economic circumstances of the guarantor is made considering their other debts with third parties, including tax, social security and labor debt.
Credit standards guide operational units and cover, among other aspects, the classification, requirement, selection, assessment, formalization, control and reinforcement of guarantees, aiming to ensure the adequacy and sufficiency of mitigating instruments throughout the cycle of the loan.
In 2024 there were no material changes to the nature of the credit risk exposures, how they arise or the Group’s objectives, policies and processes for managing them, although Inter continues to refine its internal risk management processes.
Measurement
The measurement of credit risk by Inter&Co is carried out considering the following:
•At the time that credit is granted, an assessment of a customer’s financial condition is undertaken through the application of qualitative and quantitative methods and using information collected from the market, in order to support the adequacy of the risk exposure being proposed;
•The assessment is carried out at the counterparty level, considering information on guarantors where applicable. The exposure to the credit risk is also measured in extreme scenarios, using stress techniques and scenario analysis. The models applied to determine the rating of customers and loans are reviewed periodically in order to ensure they reflect the macroeconomic scenario and actual loss experience, as per information in note 12;
•The aging of late payments in portfolios is monitored in order to identify trends or changes in the behavior of non-performing loans and allow the adoption of mitigating measures when required;
•Expected credit loss reflects the risk level of loans and allows monitoring and control of the portfolio’s exposure level and the adoption of risk mitigation measures;
•The expected credit loss is a forecast of the risk levels of the credit portfolio. Its calculation is based on the historical payment behavior and the distribution of the portfolio by product and risk level. This is a key input to the process of pricing loans and advances to customers; and
•In addition to the monitoring and measurement of indicators under normal conditions, simulations of changes in business environment and economic scenario are also performed in order to predict the impact of such changes in levels of exposure to risks, provisions and balance of such portfolios and to support the process of reviewing the exposure limits and the credit risk policy.
b.Description of guarantees
The financial instruments subject to credit risk are subject to careful assessment of credit prior to being contracted and disbursed and risk assessment is ongoing throughout the term of the instruments. Credit assessments are based on an understanding of the customers’ operational characteristics, their indebtedness capacity, considering cash flow, payment history and credit reputation, and any guarantees given.
Loans and advances to customers, as shown in Note 10, are mainly represented by the following operations:
•Working capital operations: are guaranteed by receivables, promissory notes, sureties provided by their owners and occasionally by property or other tangible assets, when applicable;
18
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
•Payroll loans repayments: are mainly represented by payroll loan cards and personal loans. These are deducted directly from the borrowers’ pensions, income or salaries and settled directly by the entity responsible for making those payments (e.g. company or government body); The operations concerning FGTS (Guarantee Fund for Time of Service) , such as the anniversary withdrawal are guaranteed through transfer;
•Personal loans and credit cards: generally, do not have guarantees; and
•Real estate financing: is collateralized by the real estate financed.
Guarantees of real estate loans and financing
The tables below present the amount of loans and financing secured by property, broken down by loan-to-value. The loan-to-value is calculated by the ratio between the gross value of the exposure and the value of the guarantee at the origination date. Gross amounts exclude any provision for impairment:
06/30/202412/31/2023
Lower than 30%1,190,236 1,210,884 
31 - 50%2,431,674 2,157,130 
51 - 70%3,838,080 3,227,703 
71 - 90%1,939,158 1,664,885 
Higher than 90%304,620 322,966 
9,703,768 8,583,568 
c.Liquidity risk
Liquidity risk is the possibility that the Inter&Co will not be able to efficiently meet its expected or unexpected financial obligations, including those arising from guarantees provided or even unexpected redemptions from customers. Therefore, liquidity risk also includes the possibility that Inter will not be able to negotiate the sale of assets at market prices due to their volume in relation to the volume normally traded or due to some discontinuity in the market.
The liquidity risk management structure is segregated and acts proactively with the objective of monitoring and preventing any violation of the liquidity ratio limits. Liquidity risk monitoring covers the entire flow of receipts and payments of the Inter&Co so that risk mitigation actions can be implemented. This monitoring is carried out primarily by the Assets and Liabilities Committee and the Risk and Capital Management Committee. These committees assess the liquidity risk information that is available in the Inter&Co's systems, such as:
•Top 10 investors;
•Mismatch between assets and liabilities;
•Net Funding; Liquidity limits; Maturity forecast;
•Stress tests based on internally defined scenarios;
•Liquidity contingency plans;
•Monitoring of asset and liability concentrations;
•Monitoring of Liquidity Ratio and funding renewal rates; and
•Reports with information on positions held by Inter and its subsidiaries.
In 2024 there were no material changes to the nature of the liquidity risk exposures, how they arise or the Group’s objectives, policies and processes for managing them, although the Group continues to refine its internal risk management processes.
19
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
The responsibilities of the Liquidity Risk Management Framework are distributed between different committees and hierarchical levels, including: Board of Directors, Asset and Liability Committee (ALC), Officer in charge of Risk Management, Superintendent of Compliance, Risk Management and Internal Controls and Risk Coordination. These consider the internal and external factors affecting the liquidity of the Group, and a detailed daily monitoring of incoming and outgoing movements of loans and advances to customers, time deposits, savings, Agribusiness Credit Bills (LCA), Real Estate Secured Bonds (LCI), Guaranteed Real Estate Letters (LIG) and demand deposits is performed. Time deposits are analyzed according to the concentration, maturities, renewals, repurchases and new funding.
d.Analyses of financial instruments by remaining contractual term
The table below presents the projected future realizable value of Inter&Co’s financial assets and liabilities by contractual term:
06/30/2024
NoteUp to 3 months3 months Up to 1 yearAbove 1 yearTotal
Financial assets
Cash and cash equivalents2,797,339 — — 2,797,339 
Amounts due from financial institutions5,280,322 — — 5,280,322 
Compulsory deposits at Central Bank of Brazil3,725,775 — — 3,725,775 
Securities953,421 442,637 16,880,368 18,276,426 
Derivative financial 7,177 — — 7,177 
Loans and advances to customers8,135,321 9,536,840 15,299,391 32,971,552 
Other assets— — 78,478 78,478 
Total20,899,355 9,979,477 32,258,237 63,137,069 
Financial liabilities
Liabilities with financial and similar institutions9,232,637 1,681,142 — 10,913,779 
Liabilities with customers18,591,273 3,102,886 14,284,159 35,978,318 
Securities issued930,298 5,014,480 2,598,470 8,543,248 
Derivative financial 5,684 3,879 4,476 14,039 
Borrowing and on-lending5,543 77,151 18,936 101,630 
Total28,765,435 9,879,538 16,906,041 55,551,014 
20
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
12/31/2023
NoteUp to 3 months3 months Up to 1 yearAbove 1 yearTotal
Financial assets
Cash and cash equivalents4,259,379 — — 4,259,379 
Amounts due from financial institutions3,718,506 — — 3,718,506 
Compulsory deposits at Central Bank of Brazil2,664,415 — — 2,664,415 
Securities412,674 290,149 16,165,289 16,868,112 
Derivative financial 4,238 — — 4,238 
Loans and advances to customers7,509,850 8,366,848 13,907,603 29,784,301 
Other assets— — 109,682 109,682 
Total18,569,062 8,656,997 30,182,574 57,408,633 
Financial liabilities
Liabilities with financial and similar institutions187,913,830 1,608,639 — 9,522,469 
Liabilities with customers1916,873,560 2,335,763 13,442,297 32,651,620 
Securities issued20970,976 4,068,815 3,055,251 8,095,042 
Derivative financial 11295 9,686 5,082 15,063 
Borrowing and on-lending215,283 81,839 20,290 107,412 
Total25,763,944 8,104,742 16,522,920 50,391,606 
e.Financial assets and liabilities using a current/non-current classification
The table below represents Inter&Co’s current financial assets (realized within 12 months of the reporting date), non-current financial assets (realized more than 12 months after the reporting date) and current financial liabilities (it is due to be settled within 12 months of the reporting date) and non-current financial liabilities (is due to be settled more than 12 months after the reporting date):
06/30/2024
NoteCurrentNon-current Total
Assets
Cash and cash equivalents2,797,339 — 2,797,339 
Amounts due from financial institutions5,280,322 — 5,280,322 
Compulsory deposits at Central Bank of Brazil3,725,775 — 3,725,775 
Securities1,396,058 16,880,368 18,276,426 
Derivative financial 7,177 — 7,177 
Loans and advances to customers, net of provisions for expected loss15,685,655 15,120,985 30,806,640 
Other assets— 78,478 78,478 
Total28,892,326 32,079,831 60,972,157 
Liabilities
Liabilities with financial and similar institutions10,913,779 — 10,913,779 
Liabilities with customers21,694,159 14,284,159 35,978,318 
Securities issued5,944,778 2,598,470 8,543,248 
Derivative financial 9,563 4,476 14,039 
Borrowing and on-lending82,694 18,936 101,630 
Total38,644,973 16,906,041 55,551,014 
21
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
12/31/2023
NoteCurrentNon-current Total
Assets
Cash and cash equivalents4,259,379 — 4,259,379 
Amounts due from financial institutions3,718,506 — 3,718,506 
Compulsory deposits at Central Bank of Brazil2,664,415 — 2,664,415 
Securities702,823 16,165,289 16,868,112 
Derivative financial4,238 — 4,238 
Loans and advances to customers, net of provisions for expected loss14,117,647 13,751,812 27,869,459 
Other assets— 109,682 109,682 
Total25,467,008 30,026,783 55,493,791 
Liabilities
Liabilities with financial and similar institutions9,522,469 — 9,522,469 
Liabilities with customers19,209,323 13,442,297 32,651,620 
Securities issued5,039,791 3,055,251 8,095,042 
Derivative financial9,981 5,082 15,063 
Borrowing and on-lending87,122 20,290 107,412 
Total33,868,686 16,522,920 50,391,606 
f.Market risk
Market risk is the possibility of losses resulting from fluctuations in the fair value of financial instruments held by the Institution and its subsidiaries, including the risks of transactions subject to changes in foreign exchange rates, interest rates, stock prices and commodity prices.
At Inter&Co, market risk management has, among others, the objective of supporting the business areas, establishing processes and implementing tools necessary for the assessment and control of related risks, allowing the measurement and monitoring of risk levels, as defined by Senior Management.
The market risk policy is monitored by the Asset and Liability Committee. Market risk controls allow the analytical assessment of information and are in a constant process of improvements. The Institution and its subsidiaries have improved the internal aspects of risk management and mitigation.
Measurement
Within the risk management process, Inter&Co classifies its operations, including derivative financial instruments, as follows:
•Trading book: considers all operations intended to be traded before their contractual maturity or intended to hedge the trading portfolio and which are not subject to limitations on their negotiability.
•Banking book: considers operations not classified in the trading portfolio, the main characteristic of which is the intention to hold the respective operations until maturity
In line with market practices, Inter&Co manages its risks dynamically, seeking to identify, measure, evaluate, monitor, report, control and mitigate the exposures to market risks of its own positions. One of the methods of assessing the positions subject to market risk is the Value at Risk (VaR) model. The methodology used to calculate the VaR is the parametric model with a confidence level (CL) of 99% and a time horizon (TH) of twenty one days.
22
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
We present the trading book 21-day VaR below:
R$ thousand
Risk factor06/30/202412/31/2023
Price index coupons7,582 2,730 
Pre fixed interest rate1,173 1,074 
Foreign currency coupons6 665 
Foreign currencies11,588 2,346 
Subtotal20,349 6,815 
Diversification effects (correlation)6,588 3,794 
Value-at-Risk13,761 3,021 
We present the trading book VaR below:
R$ thousand
Risk factor06/30/202412/31/2023
Price index coupons660,151 425,156 
Interest rate coupons36,197 108,716 
Pre fixed interest rate47,343 49,019 
Foreign currency coupon54,531 — 
Others848 22,538 
Subtotal799,070 605,429 
Diversification effects (correlation)112,470 164,555 
Value-at-Risk686,600 440,874 
g.Sensitivity analysis
To determine the sensitivity of the positions to market movements, a sensitivity analysis was carried out in different scenarios, considering the relevant risk factors in the period analyzed, and using scenarios that would negatively affect our positions, as follows:
•Scenario I: based on market information, shocks were applied and 1 basis point for interest rates and 1% variation for prices (foreign currencies and shares);
•Scenario II: shocks of 25% variation in market curves and prices were determined;
•Scenario III: shocks of 50% variation in market curves and prices were determined.
It should be noted that the impacts reflect a static view of the portfolio and that the dynamism of the market and the composition of the portfolio means that these positions change continuously and do not necessarily reflect the position demonstrated here. The group has a process of continuous monitoring of market risk and, in the event of position/portfolio deterioration, mitigating actions are taken to minimize possible negative effects.
Exposures - R$ thousand
Banking and Trading bookScenarios06/30/2024
Risk factorRate variation in scenario 1Scenario IRate variation in scenario 2Scenario IIRate variation in scenario 3Scenario III
IPCA couponincrease(4,423)increase(639,331)increase(1,173,762)
IGP-M couponincrease(17)increase(2,281)increase(4,380)
Pre-fixed rateincrease(1,826)increase(513,647)increase(963,204)
TR couponincrease(519)increase(120,734)increase(211,023)
USD coupondecrease(14)decrease(887)increase(1,788)
23
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Exposures - R$ thousand
Banking and Trading bookScenarios12/31/2023
Risk factorRate variation in scenario 1Scenario IRate variation in scenario 2Scenario IIRate variation in scenario 3Scenario III
IPCA couponincrease(4,737)increase(561,583)increase(1,046,456)
IGP-M couponincrease(16)— — increase(549)
Pre-fixed rateincrease(1,533)increase(367,626)increase(707,232)
TR couponincrease(800)increase(163,354)increase(289,028)
USD coupondecrease(5)decrease(718)decrease(1,447)
h.Operational risk
Policy
Operational Risk Management aims to identify, evaluate and monitor risks, being defined as the risk of losses resulting from inadequate or failed internal processes, people and systems or external events. This definition includes legal risk, but excludes strategic and reputational risk.
The operational risk events can be classified:
•Internal fraud;
•External fraud;
•Employment practices and workplace safety;
•Clients, products and business practices;
•Damage of physical assets;
•Business disruption and system failures, execution; and
•Delivery and process management.
We adopt the three lines of defense model, the structure and activities of the three lines often varies, depending on the bank’s portfolio of products, activities, processes and systems; the bank’s size; and its risk management approach. A strong risk culture and good communication among the three lines of defense are important characteristics of good operational risk governance.
Phases of the Management Process
Qualitative Evaluation
The qualitative assessment uses a scale which considers measures for probability and impact, taking into account the vulnerabilities and threats that, combined, determine the level of risk exposure to each event. Identification and verification is performed by in-person monitoring, interviews and workshops with the managers and employees from all operational areas, business partners and business units.
The identified risks are categorized and organized by risk factors.
Quantitative Evaluation
In the quantitative assessment of operational risk, the Group maintains an internal database fed by various sources of information. This contains descriptions and details of operational losses. In the quantitative assessment, information from external sources deemed reliable and relevant to the businesses of the Group may also be used.
Monitoring
An effective risk management process requires a communication and review structure that ensures the correct, effective and timely identification and assessment of the risks. In addition, it also seeks to assure that controls and responses to these risks are implemented.
24
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Control tests and regular audits intended to verify compliance with applicable policies and standards are performed. The monitoring and review process seeks to verify whether:
•The adopted measures have achieved the intended results;
•The procedures adopted and the information gathered to perform the assessment were appropriate;
•Higher levels of knowledge may have contributed to make better decisions; and
•There is an effective possibility of obtaining information for future assessments.
7.Fair values of financial instruments
a.Financial instruments – Classification and fair values
Financial Instruments are classified into the following categories:
•Amortized cost;
•Fair value through other comprehensive income (FVOCI); and
•Fair value through profit or loss (FVTPL).
The fair value of a financial asset or liability is measured using one of three approaches below, weighting the levels of the fair value hierarchy as follows:
•Level I – instruments with prices traded in the active market;
•Level II – using financial valuation techniques, weighing data and market variables; and
•Level III – uses meaningful variables that are not based on market data.
The following table sets forth the breakdown of financial assets and liabilities according to the accounting classification. It also shows the carrying amounts and fair values of financial assets and liabilities, including their levels in the fair value hierarchy. It does not include information on the fair value of financial assets and liabilities, when the carrying amount is a reasonable approximation of the fair value.
25
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
As of June 30, 2024
Financial assetsLevel 1Level 2Level 3 (*)Fair valueCarrying amount
Amortized cost— — 78,478 78,478 43,776,913 
Loans and advances to customers, net of provisions for expected loss— — — — 30,806,640 
Amounts due from financial institutions— — — — 5,280,322 
Deposits at Central Bank of Brazil— — — — 3,725,775 
Cash and cash equivalents— — — — 2,797,339 
Brazilian government securities— — — — 678,010 
Rural product bill— — — — 410,349 
Other assets78,478 78,478 78,478 
Fair value through profit or loss628,720 941,128 — 1,569,848 1,569,848 
Brazilian government securities504,257 28,901 — 533,158 533,158 
Investment funds quotas124,463 318,935 — 443,398 443,398 
Securities issued by financial institutions— 330,291 — 330,291 330,291 
Bonds and shares issued by non-financial companies— 263,001 — 263,001 263,001 
Derivative financial — 7,177 — 7,177 7,177 
Derivative financial — 7,177 — 7,177 7,177 
Fair value through other comprehensive income15,107,830 486,085 — 15,593,915 15,593,915 
Brazilian government securities15,107,830 — — 15,107,830 15,107,830 
Securities issued by financial institutions— 415,935 — 415,935 415,935 
Securities issued abroad— 183,495 — 183,495 183,495 
Bonds and shares issued by non-financial companies— 70,150 — 70,150 70,150 
Total15,736,550 1,434,390 78,478 17,249,418 60,947,853 
Financial liabilitiesLevel 1Level 2Level 3 (*)Fair valueCarrying amount
Amortized cost— — — — 55,536,975 
Liabilities with customers— — — — 35,978,318 
Liabilities with financial and similar institutions— — — — 10,913,779 
Securities issued— — — — 8,543,248 
Borrowing and on-lending— — — — 101,630 
Derivative financial— 14,039 — 14,039 14,039 
Derivative financial— 14,039 — 14,039 14,039 
Total— 14,039 — 14,039 55,551,014 
26
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
(*)    The financial assets classified as “Level 3” consists substantially of amounts relating to the variable portion of the sale of 40% of the subsidiary Inter Digital Corretora e Consultoria de Seguros Ltda. (“Inter Seguros”) to Wiz Soluções e Corretagem de Seguros S.A. (“Wiz”) on May 8, 2019. The purchase and sale contract included cash consideration of R$45,000 and contingent consideration will be based on the results of Inter Seguros’ EBITDA in 2021, 2022, 2023 and 2024.
27
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
As of December 31, 2023
Financial assetsLevel 1Level 2Level 3 (*)Fair valueCarrying amount
Amortized cost— — 109,682 109,682 39,810,016 
Loans and advances to customers, net of provisions for expected loss— — — — 27,900,543 
Cash and cash equivalents— — — — 4,259,379 
Amounts due from financial institutions— — — — 3,718,506 
Deposits at Central Bank of Brazil— — — — 2,664,415 
Brazilian government securities— — — — 665,413 
Rural product bill— — — — 459,298 
Other assets— — 109,682 109,682 109,682 
Debentures— — — — 32,780 
Fair value through profit or loss451,946 1,026,654 — 1,478,600 1,478,600 
Bonds and shares issued by non-financial companies60 629,237 — 629,297 629,297 
Securities issued by financial institutions447,912 — — 447,912 447,912 
Investment funds quotas3,974 354,358 — 358,332 358,332 
Brazilian government securities— 43,059 — 43,059 43,059 
Derivative financial— 4,238 — 4,238 4,238 
Derivative financial — 4,238 — 4,238 4,238 
Fair value through other comprehensive income13,560,072 671,949 — 14,232,021 14,232,021 
Brazilian government securities13,560,072 — — 13,560,072 13,560,072 
Bonds and shares issued by non-financial companies— 671,949 — 671,949 671,949 
Total14,012,018 1,702,841 109,682 15,824,541 55,524,875 
Financial liabilitiesLevel 1Level 2Level 3 (*)Fair valueCarrying amount
Amortized cost— — — — 50,376,543 
Liabilities with customers— — — — 32,651,620 
Liabilities with financial and similar institutions— — — — 9,522,469 
Securities issued— — — — 8,095,042 
Borrowing and on-lending— — — — 107,412 
Derivative financial — 15,063 — 15,063 15,063 
Derivative financial — 15,063 — 15,063 15,063 
Total— 15,063 — 15,063 50,391,606 
(*)    The financial assets classified as “Level 3” consists substantially of amounts relating to the variable portion of the sale of 40% of the subsidiary Inter Digital Corretora e Consultoria de Seguros Ltda. (“Inter Seguros”) to Wiz Soluções e Corretagem de Seguros S.A. (“Wiz”) on May 8, 2019. The purchase and sale contract included cash consideration of R$45,000 and contingent consideration will be based on the results of Inter Seguros’ EBITDA in 2021, 2022, 2023 and 2024.
28
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
The methodology used for the measurement of financial assets and liabilities classified as “Level 2” (derivative financial instruments and securities) is the discounted present value technique, using the market rates disclosed by ANBIMA - “Brazilian Association of Financial and Capital Market Entities”, IBGE – “Brazilian Institute of Geography and Statistics” and B3.
Reconciliation of Level 3 fair value
The following table shows a reconciliation of the opening balances to the closing balances investments categorized as Level 3:
Other assets
Financial assets at fair value through profit or loss
Balance at January 1, 2024109,682 
Total gains or losses (realized / unrealized)(31,204)
Balance at June 30, 202478,478 
During the period ended June 30, 2024, there were no change in the measurement method of financial assets and liabilities that entailed reclassification of financial assets and liabilities among the different levels of the fair value hierarchy.
8.Cash and cash equivalents

06/30/2024
12/31/2023
Cash and cash equivalents in foreign currency548,659 225,308 
Cash and cash equivalents in national currency309,839 941,584 
Reverse repurchase agreements (a)1,938,841 3,092,487 
Total 2,797,339 4,259,379 
(a)    Refers to operations (substantially interbank deposit investments) whose maturity, on the investment date, was equal to or less than 90 days and present an insignificant risk of change in fair value.
9.Amounts due from financial institutions, net of provisions for expected loss

06/30/2024
12/31/2023
Interbank deposit investments2,402,911 2,451,736 
Interbank on-lending177,334 31,487 
Loans to financial institutions (a)2,702,819 1,236,536 
Expected loss(2,742)(1,253)
Total5,280,322 3,718,506 
(a)    Refers substantially to the anticipation of receivables.
29
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
10.Securities, net of provisions for expected loss
a.Composition of securities net of expected losses:
06/30/202412/31/2023
Fair value through other comprehensive income - FVOCI
Financial treasury bills (LFT)10,379,679 9,212,930 
National treasury notes (NTN)3,749,079 3,931,671 
National treasury bills (LTN)979,072 415,471 
Commercial promissory notes297,549 214,157 
Securities issued abroad183,495 — 
Debentures70,150 330,705 
Certificates of agricultural receivables66,190 22,817 
Certificates of real estate receivables52,196 104,270 
Subtotal15,777,410 14,232,021 
Amortized cost
National treasury notes (NTN)678,010 665,413 
Rural product bill410,349 459,298 
Debentures— 32,780 
Subtotal1,088,359 1,157,491 
Fair value through profit or loss - FVTPL
Investment fund quotas467,702 358,332 
Financial treasury bills (LFT)220,188 420,336 
Certificates of real estate receivables219,963 182,319 
Debentures214,798 281,566 
National Treasury Financial Bills (LTN)108,782 73,808 
Certificates of agricultural receivables79,838 64,371 
Bank deposit certificates48,203 55,597 
National treasury notes (NTN)20,693 27,576 
Agribusiness credit bills (LCA)19,479 10,684 
Real estate credit bills (LCI)10,401 1,352 
Commercial promissory notes610 2,659 
Subtotal1,410,657 1,478,600 
Total18,276,426 16,868,112 
As of June 30, 2024, the expected loss value of securities was R$ (15,411),(December 31, 2023: R$(33,701))
30
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
b.Breakdown of the carrying amount of securities by maturity, net of losses
06/30/2024
Up to 3 months3 months to 1 year1 year to 3 yearsFrom 3 to 5 yearsAbove 5 yearsBook value
Fair value through other comprehensive income - FVOCI203,928 191,910 1,640,993 5,811,711 7,928,868 15,777,410 
Financial treasury bills (LFT)— — 423,025 4,676,943 5,279,711 10,379,679 
National treasury notes (NTN)— 163,274 1,059,572 430,722 2,095,511 3,749,079 
National treasury bills (LTN)— — — 604,028 375,044 979,072 
Commercial promissory notes— 6,039 147,358 40,520 103,632 297,549 
Securities issued abroad183,495 — — — — 183,495 
Debentures— 22,597 1,391 23,388 22,774 70,150 
Certificates of agricultural receivables20,433 — 9,647 36,110 — 66,190 
Certificates of real estate receivables— — — — 52,196 52,196 
Amortized cost50,738 208,247 147,094 4,270 678,010 1,088,359 
National treasury notes (NTN)— — — — 678,010 678,010 
Rural product bill50,738 208,247 147,094 4,270 — 410,349 
Debentures— — — — — — 
Fair value through profit or loss - FVTPL698,755 42,480 262,759 64,040 342,623 1,410,657 
Investment fund quotas466,370 1,332 — — — 467,702 
Financial treasury bills (LFT)285 15,049 191,992 3,422 9,440 220,188 
Certificates of real estate receivables3 539 6,678 16,061 196,682 219,963 
Debentures120,341 1,272 9,211 4,938 79,036 214,798 
National treasury bills (LTN)92,478 1,901 2,921 1,549 9,933 108,782 
Certificates of agricultural receivables3 406 16,728 34,519 28,182 79,838 
Bank deposit certificates18,020 7,932 15,326 2,446 4,479 48,203 
National treasury notes (NTN)— — 7,955 — 12,738 20,693 
Agribusiness credit bills (LCA)241 4,145 11,857 1,103 2,133 19,479 
Real estate credit bills (LCI)404 9,904 91 2 — 10,401 
Commercial promissory notes610 — — — — 610 
Total953,421 442,637 2,050,846 5,880,021 8,949,501 18,276,426 
31
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
12/31/2023
Up to 3 months3 months to 1 year1 year to 3 yearsFrom 3 to 5 yearsAbove 5 yearsBook value
Fair value through other comprehensive income - FVOCI— 22,176 478,209 4,389,513 9,342,123 14,232,021 
Financial treasury bills (LFT)— — 135,277 2,478,757 6,598,896 9,212,930 
National treasury notes (NTN)— — 177,973 1,288,316 2,465,382 3,931,671 
National treasury bills (LTN)— — — 415,471 — 415,471 
Commercial promissory notes— — 144,991 69,166 — 214,157 
Debentures— 22,176 19,968 114,986 173,575 330,705 
Certificates of agricultural receivables— — — 22,817 — 22,817 
Certificates of real estate receivables— — — — 104,270 104,270 
Amortized cost44,649 212,869 218,201 16,359 665,413 1,157,491 
National treasury notes (NTN)— — — — 665,413 665,413 
Rural product bill44,649 192,874 205,416 16,359 — 459,298 
Debentures— 19,995 12,785 — — 32,780 
Fair value through profit or loss - FVTPL368,025 55,104 422,135 218,214 415,122 1,478,600 
Investment fund quotas358,332 — — — — 358,332 
Financial treasury bills (LFT)4,065 671 320,737 86,496 8,367 420,336 
Certificates of real estate receivables— 966 2,138 62,714 116,501 182,319 
Debentures3 5,974 25,383 18,422 231,784 281,566 
National Treasury Financial Bills (LTN)939 26,049 21,305 16,935 8,580 73,808 
Certificates of agricultural receivables— 17 3,256 26,999 34,099 64,371 
Bank deposit certificates4,117 14,734 24,215 4,863 7,668 55,597 
National treasury notes (NTN)— — 19,942 — 7,634 27,576 
Agribusiness credit bills (LCA)450 3,932 4,368 1,445 489 10,684 
Real estate credit bills (LCI)119 102 791 340 — 1,352 
Commercial promissory notes— 2,659 — — — 2,659 
Total412,674 290,149 1,118,545 4,624,086 10,422,658 16,868,112 
11.Derivative financial instruments
Inter&Co engages in operations involving financial derivative instruments in the institution's risk management, as well as to meet the demands of its customers. These operations involve swaps, indices, and terms derivatives.
a.Derivative financial instruments – adjustment to fair value by maturity
NotionalAmortized costFair valueUp to 3 months3 months to 1 year1 year to 3 yearsAbove 3 years06/30/202412/31/2023
Assets
Forward derivatives9,543 7,177 7,177 5,490 1,687 — — 7,177 4,213 
Future derivatives2,651 — — — — — — — 25 
Total assets12,194 7,177 7,177 5,490 1,687 — — 7,177 4,238 
Liabilities
Swap derivatives40,500 (13,882)(13,882)(5,663)(3,742)(4,477)— (13,882)(14,665)
Forward derivatives157 (157)(157)(20)(137)— — (157)(398)
Future derivatives7,908,347 — — — — — — — — 
Total liabilities7,949,004 (14,039)(14,039)(5,683)(3,879)(4,477)— (14,039)(15,063)
Net effect7,961,198 (6,862)(6,862)(193)(2,192)(4,477)— (6,862)(10,825)
32
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
b.Forward, future and swap contracts – notional value
Reference value of all derivatives by maturity date is provided below:
Up to 3 months3 months to 1 year1 year to 3 yearsAbove 3 years06/30/202412/31/2023
Long position10,506 1,688 — — 12,194 146,040 
Forward derivatives7,855 1,688 — — 9,543 24,223 
Future derivatives2,651 — — — 2,651 121,817 
Short position1,622,384 1,451,017 2,380,860 2,494,743 7,949,004 6,380,611 
Swap derivatives16,000 11,000 13,500 — 40,500 40,500 
Forward derivatives— — 20 137 157 2,103 
Future derivatives1,606,384 1,440,017 2,367,340 2,494,606 7,908,347 6,338,008 
Total1,632,890 1,452,705 2,380,860 2,494,743 7,961,198 6,526,651 
Swap contracts: The swaps were carried out with the purpose of mitigating the market risk associated with the mismatch between the indexes of the mortgage loan portfolio and the indexes of the funding portfolio. As of June 30, 2024, Inter had active swap contracts in CDI and liabilities in IGP-M, with a margin deposit and recognized at their fair value in the period's profit or loss.
Fixed-term contracts: Forward contracts were entered into both to mitigate market risks arising from Inter's exposure and to meet specific customer demands. Forward contracts consider the purchase or sale of a given asset based on a previously agreed price, with settlement on a future date.
Futures contracts: Futures contracts were entered into with the aim of mitigating (i) risks arising from exposures linked to the exchange rate, including investments abroad, as well as (ii) risks arising from the mismatch between interest rates on active positions and funding rates.
Transactions involving derivative financial instruments (futures contracts, currency forwards and swaps) are held in custody at B3 S.A. – BRASIL, BOLSA, BALCÃO.
c.Hedge accounting - exposure
Inter&Co has accounting hedges for some of its loans and advances to customers. Inter's swaps are classified as hedging instruments in a Fair Value Hedge that protects risks related to a portion of the real estate portfolio indexed to inflation. The hedged contracts in the real estate portfolio are measured at fair value in relation to the specific risk being hedged.
Inter&Co uses financial instruments to mitigate the impact of exchange rate variations on foreign investments in its accounting records. Effective gains and losses on these instruments are recognized in the other comprehensive income account in equity, net of tax effects, and are only transferred to the income statement in the event of ineffectiveness of the hedge or partial/total sale of the foreign operation. Ineffective losses from the hedge are recognized directly in the income statement.
33
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
06/30/202412/31/2023
Hedge instruments7,163,058 5,811,750 
Future DI (a)3,905,858 3,755,670 
 IPCA (c)2,512,636 1,728,330 
Future dollar (b)671,237 256,589 
Swap (c)73,327 71,161 
Hedge object7,226,178 5,826,436 
Loans (a)3,909,389 3,761,467 
Real estate loans (c)2,587,337 1,802,022 
Investment abroad (b)729,452 262,947 
(a) Refers to loan portfolios, including advance FGTS withdrawals and payroll loans;
(b) Used to protect investments in subsidiaries abroad.
(c) Refers to the real estate loan portfolio
12.Loans and advances to customers, net of provisions for expected loss
a.Breakdown of balance
06/30/202412/31/2023
Credit card10,508,082 31.86 %9,461,277 31.77 %
Real estate loans9,703,768 29.43 %8,583,568 28.82 %
Personal loans7,555,457 22.92 %7,138,744 23.97 %
Business loans4,359,140 13.22 %3,855,754 12.95 %
Agribusiness loans845,105 2.56 %744,958 2.50 %
Total32,971,552 100.00 %29,784,301 100.00 %
Provision for expected loss (2,164,912)(1,883,758)
Net balance 30,806,640 27,900,543 
b.Concentration of the portfolio
06/30/202412/31/2023
Balance% on Loans and advances to customersBalance% on Loans and advances to customers
Largest debtor 301,482 0.91 %339,130 1.14 %
10 largest debtors 1,458,639 4.42 %1,520,664 5.11 %
20 largest debtors 2,057,697 6.24 %2,140,098 7.19 %
50 largest debtors3,201,637 9.71 %3,225,766 10.83 %
100 largest debtors 4,142,447 12.56 %4,147,360 13.92 %
c.Breakdown by maturity
06/30/202412/31/2023
Overdue by 1 day or more3,765,418 3,599,256 
To fall due in up to 3 months4,369,903 3,910,594 
To fall due between 3 to 12 months9,536,840 8,366,848 
To fall due in more than 12 months15,299,391 13,907,603 
Total 32,971,552 29,784,301 
34
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
d.Concentration by economic sector
06/30/202412/31/2023
Financial activities3,379,347 1,708,407 
Industries1,979,126 1,396,046 
Construction1,596,826 1,885,772 
Trade1,517,958 1,490,290 
Administrative activities 1,207,669 1,529,880 
Agriculture168,473 150,896 
Other segments (a)1,392,037 1,433,467 
Business clients11,241,436 9,594,758 
Individual clients21,730,116 20,189,543 
Total32,971,552 29,784,301 
(a) Mainly refers to real estate activities, communication services, transport, storage and mailing.
35
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
e.Analysis of changes in loans and advances to customers by stage:
Stage 1Opening balance at 01/01/2024Transfer to
Stage 2		Transfer to
Stage 3		Transfer from
Stage 2		Transfer from
Stage 3		Settled contractsWrite-off for lossOrigination/ receiptEnding balance at
06/30/2024		Ending balance at
12/31/2023
Credit card8,073,708 (638,600)— 45,946 — (1,926,546)— 3,385,797 8,940,305 8,073,708 
Real estate loans7,931,469 (797,770)— 464,421 — (564,583)— 1,787,756 8,821,293 7,931,469 
Personal loans6,533,589 (369,402)(322)141,787 64 (1,034,386)— 1,585,361 6,856,691 6,533,589 
Business loans3,829,413 (53,917)— 11,976 — (4,971,723)— 5,503,869 4,319,618 3,829,413 
Agribusiness loans738,126 — — — — (103,665)— 203,790 838,251 738,126 
Total27,106,305 (1,859,689)(322)664,130 64 (8,600,903)— 12,466,573 29,776,158 27,106,305 
Stage 2Opening balance at 01/01/2024Transfer to
Stage 1		Transfer to
Stage 3		Transfer from
Stage 1		Transfer from
Stage 3		Settled contractsWrite-off for lossOrigination/ receiptEnding balance at
06/30/2024		Ending balance at
12/31/2023
Credit card405,996 (45,946)(1,059,199)638,600 — (750,420)— 1,193,116 382,147 405,996 
Real estate loans515,047 (464,421)(316,807)797,770 199,709 (42,417)— (6,877)682,004 515,047 
Personal loans317,462 (141,787)(210,130)369,402 41,781 (294,579)— 355,213 437,362 317,462 
Business loans10,200 (11,976)(31,706)53,917 1,421 (4,103)— (987)16,766 10,200 
Agribusiness loans3,441 — (3,463)— — — — 22 — 3,441 
Total1,252,146 (664,130)(1,621,305)1,859,689 242,911 (1,091,519)— 1,540,487 1,518,279 1,252,146 
Stage 3Opening balance at 01/01/2024Transfer to
Stage 1		Transfer to
Stage 2		Transfer from
Stage 1		Transfer from
Stage 2		Settled contractsWrite-off for lossOrigination/ receiptEnding balance at
06/30/2024		Ending balance at
12/31/2023
Credit card981,573 — — — 1,059,199 (283,568)(574,111)2,537 1,185,630 981,573 
Real estate loans137,052 — (199,709)— 316,807 (45,347)(7,787)(545)200,471 137,052 
Personal loans287,693 (64)(41,781)322 210,130 (89,916)(133,587)28,607 261,404 287,693 
Business loans16,141 — (1,421)— 31,706 (1,887)(8,849)(12,934)22,756 16,141 
Agribusiness loans3,391 — — — 3,463 — — — 6,854 3,391 
Total1,425,850 (64)(242,911)322 1,621,305 (420,718)(724,334)17,665 1,677,115 1,425,850 
ConsolidatedOpening balance at 01/01/2024Settled contractsWrite-off for lossOrigination/ receiptEnding balance at
06/30/2024		Ending balance at
12/31/2023
Credit card9,461,277 (2,960,534)(574,111)4,581,450 10,508,082 9,461,277 
Real estate loans8,583,568 (652,347)(7,787)1,780,334 9,703,768 8,583,568 
Personal loans7,138,744 (1,418,881)(133,587)1,969,181 7,555,457 7,138,744 
Business loans3,855,754 (4,977,713)(8,849)5,489,948 4,359,140 3,855,754 
Agribusiness loans744,958 (103,665)— 203,812 845,105 744,958 
Total29,784,301 (10,113,140)(724,334)14,024,725 32,971,552 29,784,301 
36
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
f.Analysis of changes in expected losses by stage
Stage 1Opening balance at 01/01/2024Transfer to
Stage 2		Transfer to
Stage 3		Transfer from
Stage 2		Transfer from
Stage 3		Write-off for lossConstitution/ (Reversal)Ending balance at 06/30/2024Ending balance at 12/31/2023
Credit card408,412 (329,578)— 10,246 — — 318,318 407,398 408,412 
Real estate loans49,930 (74,845)— 13,683 — — 65,966 54,734 49,930 
Personal loans106,635 (84,193)(278)4,413 5 — 56,568 83,150 106,635 
Business loans12,859 (5,979)— 81 — — 8,554 15,515 12,859 
Agribusiness loans11,122 — — — — — 1,499 12,621 11,122 
Total588,958 (494,595)(278)28,423 5 — 450,905 573,418 588,958 
Stage 2Opening balance at 01/01/2024Transfer to
Stage 1		Transfer to
Stage 3		Transfer from
Stage 1		Transfer from
Stage 3		Write-off for lossConstitution/ (Reversal)Ending balance at 06/30/2024Ending balance at 12/31/2023
Credit card225,771 (10,246)(727,359)329,578 — — 407,325 225,069 225,771 
Real estate loans39,710 (13,683)(66,162)74,845 15,735 — 489 50,934 39,710 
Personal loans89,687 (4,413)(147,864)84,193 5,863 — 103,969 131,435 89,687 
Business loans789 (81)(5,973)5,979 167 — 1,245 2,126 789 
Agribusiness loans947 — (1,661)— — — 714 — 947 
Total356,904 (28,423)(949,019)494,595 21,765 — 513,742 409,564 356,904 
Stage 3Opening balance at 01/01/2024Transfer to
Stage 1		Transfer to
Stage 2		Transfer from
Stage 1		Transfer from
Stage 2		Write-off for lossConstitution/ (Reversal)Ending balance at 06/30/2024Ending balance at 12/31/2023
Credit card708,986 — — — 727,359 (574,111)49,108 911,342 708,986 
Real estate loans44,092 — (15,735)— 66,162 (7,787)(22,100)64,632 44,092 
Personal loans208,043 (5)(5,863)278 147,864 (133,587)(20,240)196,490 208,043 
Business loans6,231 — (167)— 5,973 (8,849)2,475 5,663 6,231 
Agribusiness loans1,628 — — — 1,661 — 514 3,803 1,628 
Total968,980 (5)(21,765)278 949,019 (724,334)9,757 1,181,930 968,980 
ConsolidatedOpening balance at 01/01/2024Write-off for lossConstitution/ (Reversal)Ending balance at 6/30/2024Ending balance at 12/31/2023
Credit card1,343,169 (574,111)774,751 1,543,809 1,343,169 
Real estate loans133,732 (7,787)44,355 170,300 133,732 
Personal loans404,365 (133,587)140,297 411,075 404,365 
Business loans19,879 (8,849)12,274 23,304 19,879 
Agribusiness loans13,697 — 2,727 16,424 13,697 
Total1,914,842 (724,334)974,404 2,164,912 1,914,842 

37
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
13.Non-current assets held for sale
The balance of non-current assets held for sale comprises assets originally received as collateral for loans and advances to customers, which were repossessed. The amount of real estate held for sale on June 30, 2024 was R$ 179,954 (December 31, 2023: R$ 174,355).
14.Equity accounted investees
a.Equity:
% in share capitalEquity accounted investees
Investees06/30/202412/31/202306/30/202412/31/2023
Granito Soluções em Pagamento S.A. (a)50.00 %50.00 %77,754 80,233 
Total77,754 80,233 
Other investments10,401 10,401 
Total 88,155 90,634 
b.Income from equity interests in associates:
Investees06/30/202406/30/2023
Granito Soluções em Pagamento S.A.(2,480)(26,526)
Total(2,480)(26,526)
15.Property and equipment
a.Breakdown of property and equipment:
06/30/2024
Annual depreciation rateHistorical costAccumulated depreciationCarrying Amount
Right-of-use assets - buildings and equipment4% to 10%123,379 (9,519)113,860 
Buildings4%41,980 (13,871)28,109 
Furniture and equipment10%56,196 (11,159)45,037 
Data processing systems20%17,387 (13,489)3,898 
Construction in progress—2,742 — 2,742 
Total241,684 (48,038)193,646 
12/31/2023
Annual depreciation rateHistorical costAccumulated depreciationCarrying Amount
Right-of-use assets - buildings and equipment4% to 10%117,873 (9,193)108,680 
Buildings4%39,062 (10,896)28,166 
Furniture and equipment10%35,508 (10,370)25,138 
Data processing systems20%16,907 (13,364)3,543 
Construction in progress—2,020 — 2,020 
Total211,370 (43,823)167,547 
38
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
b.Changes in property and equipment:

Balance at
12/31/2023		AdditionTransferWrite-offsExchange rate changesBalance at
06/30/2024
Historical cost
Buildings39,062 2,918 — — — 41,980 
Furniture and equipment35,508 20,546 — — 142 56,196 
Data processing systems16,907 480 — — — 17,387 
Construction in progress2,020 722 — — — 2,742 
Total 93,497 24,666 — — 142 118,305 
Accumulated depreciation
Buildings(10,896)(2,912)— — (63)(13,871)
Furniture and equipment(10,370)(789)— — — (11,159)
Data processing systems(13,364)(124)— — — (13,488)
Total(34,630)(3,825)— — (63)(38,518)
Total 58,867 20,841 — — 79 79,787 
Balance at 12/31/2022AdditionTransferWrite-offsBalance at 06/30/2023
Historical cost
Buildings37,446 817 11 — 38,274 
Furniture and equipment23,601 7,028 (11)(26)29,779 
Data processing systems15,636 355 — — 15,991 
Construction in progress1,794 91 — — 1,885 
Total 222,864 8,291 — (11,651)218,691 
Accumulated depreciation
Buildings(25,149)(3,075)— (28,224)
Furniture and equipment(2,069)(736)303 91 (2,000)
Data processing systems(11)(113)(303)3 (424)
Total(34,845)(5,034)— 94 (39,374)
Total 188,019 3,257 — (11,557)179,317 
c.     Right-of-use assets
Buildings and equipment
Balance at January 1, 2024108,680 
Depreciation charge for the year(326)
Updates5,506 
Balance at June 30, 2024113,860 
Buildings and equipment
Balance at January 1, 2023136,771 
Additions to right-of-use assets3,425 
Depreciation charge for the year(1,577)
Lease termination of non-renewed contracts/write-offs(29,939)
Balance at December 31, 2023108,680 
39
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
16.Intangible
a.Breakdown of intangible assets
06/30/202412/31/2023
Annual amortization rateHistorical cost(Accumulated amortization)Carrying
Amount		Historical cost(Accumulated amortization)Carrying
Amount
Development costs20%371,045 (154,751)216,294 360,818 (119,107)241,711 
Intangible assets in progress—419,921 — 419,921 288,045 — 288,045 
Right of use17%722,530 (338,283)384,247 457,210 (283,993)173,217 
Customer portfolio20%13,964 (8,303)5,661 13,965 (7,369)6,596 
Goodwill—635,735 — 635,735 635,735 — 635,735 
Total2,163,195 (501,337)1,661,858 1,755,773 (410,469)1,345,304 
b.Changes in intangible assets
12/31/2023AdditionWrite-offsTransfersBusiness CombinationAmortization06/30/2024
Development costs241,711 — — 10,227 — (35,644)216,294 
Intangible assets in progress288,045 132,831 (6,212)5,257 — — 419,921 
Right of use173,217 280,739 (20)(15,484)— (54,205)384,247 
Customer portfolio6,596 — — — — (935)5,661 
Goodwill635,735 — — — — — 635,735 
Total1,345,304 413,570 (6,232)— — (90,784)1,661,858 
12/31/2022AdditionWrite-offsTransfersBusiness CombinationAmortization06/30/2023
Development costs185,565 — — 70,191 — (40,361)215,395 
Intangible assets in progress279,675 85,573 — (118,506)— — 246,742 
Right of use132,217 49,824 — 48,315 — (32,465)197,891 
Customer portfolio8,376 — — — — (847)7,529 
Goodwill632,796 — — — 2,829 — 635,625 
Total1,238,629 135,397 — — 2,829 (73,673)1,303,182 
40
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
17.Other assets

06/30/2024
12/31/2023
Prepaid expenses (a)422,411 351,627 
Recoverable taxes355,861 327,585 
Sundry debtors (b)251,424 171,143 
Premium or discount on transfer of financial assets214,444 189,019 
Commissions and bonus receivable (c)212,681 226,520 
Pending settlements (d)166,402 148,613 
Unbilled services provided86,694 55,659 
Amount receivable from the sale of investments 78,478 109,682 
Agreements on sales of properties receivable42,072 45,961 
Advances to third parties32,131 29,690 
Early settlement of credit operations20,236 79,278 
Others455,069 390,452 
Total2,337,903 2,125,229 
(a) The cost of acquiring customers for the digital account and portability expenses to be appropriated are advantageous;
(b) Refers mainly to processing portability amounts, credit card processing amounts, negotiation and intermediation of amounts and debtors for judicial deposit;
(c) Refers mainly to bonuses receivable from commercial contracts signed with Mastercard, Liberty and Sompo;
(d) Pending settlements: refers mainly to the settlement balances receivable from B3 and the transshipment of end-of-week settlements into the credit card product.

18.Liabilities with financial and similar institutions

06/30/2024
12/31/2023
Payables with credit card network7,720,545 6,801,035 
Interbank deposits1,763,695 1,647,866 
Securities sold under agreements to repurchase1,372,710 1,011,092 
Others56,829 62,476 
Total10,913,779 9,522,469 
19.Liabilities with customers

06/30/2024
12/31/2023
Time deposits 32,531,468 28,158,459 
Savings deposits1,715,785 1,540,604 
Demand deposits1,431,721 2,572,536 
Creditors by resources to release299,344 380,021 
Total35,978,318 32,651,620 
20.Securities issued

06/30/2024
06/30/2023
Real estate credit bills8,164,466 7,898,500 
Financial Bills285,258 147,876 
Agribusiness credit bills93,524 48,666 
Total8,543,248 8,095,042 
41
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
21.Borrowing and on-lending

06/30/2024
12/31/2023
Onlending obligations - Tesouro Funcafé (a)77,150 81,838 
Onlending obligations – CEF(b)18,937 20,291 
Onlending obligations – BNDES (c)5,543 5,283 
Total101,630 107,412 
(a) Refers to rural credit operations with Funcafé (at a fixed rate of 8% p.a.);
(b) Refers to on-lending operations for real estate loans taken out with Caixa Econômica Federal (at rates of between 4.5% and 6% p.a.; and
(c) Refers to Working Capital operations with BNDES (at a fixed rate of up to 6.87% p.a.).
22.Tax liabilities

06/30/2024
12/31/2023
Income tax and social contribution268,690 287,978 
PIS/COFINS33,624 27,717 
INSS/FGTS15,215 19,392 
Others40,289 28,175 
Total357,818 363,262 
23.Provisions and contingent liabilities
a.Provisions
The Group's legal entities, in the normal course of their activities, are parties to tax, social security, labor and civil lawsuits. The respective provisions were made taking into account the laws in force, the opinion of legal advisors, the nature and complexity of the cases, case law, past loss experience and other relevant criteria that allow the most adequate estimate.
i.Labor lawsuits
These are lawsuits filed seeking to obtain indemnities of a labor nature. Amounts provisioned are related to processes in which alleged labor rights are discussed, such as overtime and salary equalization. On an individual basis, amounts provided for labor lawsuits are not significant.
ii.Civil lawsuits
The majority of lawsuits refer to indemnities for material and moral damages related to the Group’s products, such as payroll deductible loans, in addition to declaratory and remedial actions, compliance with the limit of a 30% deduction from a borrower's salary, presentation of documents and adjustment actions.
Changes in provisions
LaborCivilTotal
Balance at December 31, 20235,982 33,386 39,368 
Constitution/increase in provision2,079 19,375 21,454 
Payments(1,190)(13,920)(15,110)
Balance at June 30, 20246,871 38,841 45,712 
Balance at December 31, 20223,788 24,330 28,118 
Constitution/increase in provision3,429 35,126 38,555 
Payments(1,235)(26,070)(27,305)
Balance at June 30, 20235,982 33,386 39,368 
42
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
b.Contingent tax liabilities classified as possible losses
The main proceedings with this classification are:
i.Income tax and social contribution on net income – IRPJ and CSLL
On August 30, 2013, a tax assessment notice was issued (referring to some expenses considered as non-deductible) requiring the payment of amounts of income tax and social contribution related to the calendar years 2008 to 2009. On June 30, 2024, these amounted to R$29,599 (R$33,390 as of December 31, 2023).
ii.COFINS
The Company is challenging its COFINS obligations from 1999 to 2008 in court, due to the Federal Revenue Service's understanding that financial revenues should be included in the calculation basis of this contribution. Inter has a Federal Supreme Court decision, dated December 19, 2005, granting the right to collect COFINS based only on the revenue from services rendered, instead of the total revenue that would include financial revenues.
In 2005, Inter obtained a favorable final and unappealable decision from the Federal Supreme Court, granting it the right to pay COFINS based only on the revenue from services rendered, instead of the total revenue that would include financial revenues.
During the period from 1999 to 2006, Inter made judicial deposits and/or made the payment of the obligation. In 2006, through a favorable decision by the Supreme Federal Court and the express consent of the Federal Revenue Service, Inter's judicial deposit was released. Additionally, the authorization to use the credits, for amounts previously overpaid, against current obligations, was homologated without challenge by the Federal Revenue Service on May 11, 2006. Subsequently, the Federal Revenue Service challenged the procedures adopted by Inter, applying the understanding that financial revenues should be included in the COFINS calculation basis.
After the enactment of Law 12.973/14, Inter modified its procedures to include financial revenues in the COFINS calculation basis and, therefore, all the taxable events involved in Inter’s discussions are prior to this law.
Currently, the application of the res judicial (final and unappealable ruling) is being discussed in a lawsuit that ensured Inter the right not to pay COFINS on financial revenues.
Process type - COFINS06/30/202412/31/2023
Action for the annulment of a tax debt41,340 39,651 
Infraction notice24,469 24,132 
Clearing Statement1,293 1,261 
Total67,102 65,044 
c.Others
There were other provisions of R$31,084 on December 31, 2023.
43
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
24.Other liabilities

06/30/2024
12/31/2023
Payments to be processed (a)1,152,704 1,150,536 
Pending settlements (b)148,249 118,307 
Social and statutory provisions139,306 139,752 
Lease liabilities (Note 24.a)126,114 120,395 
Agreements65,169 27,979 
Contract liabilities (c)39,995 41,785 
Other liabilities 310,203 298,494 
Total1,981,740 1,897,248 
(a)    The balance is substantially composed of: credit operation installments to be transferred, payment orders to be settled, suppliers to be paid, liabilities from business combination and fees to be paid;
(b)     Refer to customer operations intended for carrying out business with fixed income securities, shares, commodities and financial assets, which will be settled within a maximum period of D+5;
(c) The balance consists of amounts received, not yet recognized in the income statement arising from the exclusive contract for insurance products signed between the subsidiary Inter Digital Corretora and Consultoria de Seguros Ltda. (“Inter Seguros”) and Liberty Seguros.

a.Lease liabilities
The changes in lease liabilities as of June 30, 2024 and year ended December 31, 2023 are as follows:
Balance at January 1, 2024120,395 
New contracts890 
Payments(19,416)
Accrued interest24,245 
Ending balance at June 30, 2024126,114 
Balance at January 1, 2023146,705 
New contracts3,460 
Payments(37,678)
Accrued interest7,908 
Ending balance at December 31, 2023120,395 
Lease maturity
The maturity of the lease liabilities as of June 30, 2024 and year ended December 31, 2023 is as follows:
06/30/202412/31/2023
Up to 1 year3,300 6,016 
From 1 year to 5 years12,896 10,431 
Above 5 years109,918 103,948 
Total126,114 120,395 
25.Equity
a.Share capital
DateClass AClass BTotal

06/30/2024		321,953,435117,037,105438,990,540
12/31/2023285,153,435117,037,105402,190,540
44
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
During 2023, we issued a total of 317,394 new Class A common shares to the beneficiaries of our incentive plans. We have also transferred the shares we held in treasury to the beneficiaries of our incentive plans. On June 30, 2024, we had a total of 321,953,435 Class A common shares and 117,037,105 issued as class B shares.
On June 30, 2024, Inter & Co, Inc.'s authorized share capital is US$50,000 divided into 20,000,000,000 shares with par value of US$0.0000025 each, of which (i) 10,000,000,000 class A shares, (ii) 5,000,000,000 class B shares and (iii) 5,000,000,000 shares with rights designated by the Company's Board of Directors. The share capital comprising shares issued refers to the authorized capital. The paid-up share capital of Inter & Co. Inc was R$13 at June 30, 2024 (December 31, 2023: R$13).
On January 16, 2024, Inter&Co announced the beginning of the public offering of 36,800,000 (thirty-six million eight hundred thousand) class A common shares. The offering was priced on January 18, 2024 at R$21.74 (US$ 4.40) per share and the final settlement of the offer occurred on February 20, 2024, resulting in a gross funding of R$820,503 and an equity securities issuance cost of R$ (38,768).
b.Reserves
On June 30, 2024, the reserves amounted to R$9,232,290 (December 31, 2023: R$8,147,285).
c.Other comprehensive income
On June 30, 2024, Inter & Co, Inc’s accumulated other comprehensive income in equity amounted to R$(756,625), (December 31, 2023: R$(675,488)), which comprises the fair value of financial assets at FVOCI and exchange rate change adjustments of subsidiary abroad and taxes.
d.Dividends and interest on equity
On June 30, 2024, Inter&Co Inc., made dividend payments in the amount of R$ 68,813 to its shareholders. Inter Food and Asset Gestão paid interest on equity/dividends to non-controlling shareholders in the amounts of R$2,317 and R$3,398. In the same period, Banco Inter and Inter Holding Fin made dividend payments in the amount of R$148,424 and R$143,870 for controlling shareholders.
In the year ended December 31, 2023, Banco Inter and Inter Holding distributed R$50,000 and R$25,781 in interest on equity to controlling shareholders. Inter Food paid dividends in the amount of R$23,600 to its non-controlling shareholders.
Company06/30/202412/31/2023
Banco Inter (a)148,424 50,000 
Inter Holding Fin (b)143,870 25,781 
Inter & Co, Inc.68,813 — 
Inter Digital (c)3,398 — 
Inter Food (c)2,317 23,600 
Total366,822 99,381 
(a) Amount paid to the controlling company Inter Holding;
(b) Amount paid to the parent company Inter& Co Inc.;
(c) Amount paid to non-controlling interests.

45
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
e.Basic and diluted earnings (loss) per share
Basic and diluted earnings/(loss) per share is as follows:
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Profit (loss) attributable to Owners of the company (In thousands of Reais)206,479 48,746 389,272 60,151 
Average number of shares outstanding432,814,798 401,782,211 432,814,798 401,782,211 
Basic earnings (loss) per share (R$)0.48 0.12 0.90 0.15 
Diluted earnings (loss) per share (R$)0.47 0.12 0.89 0.15 
Basic and diluted earnings (loss) per share are presented based on the aggregate of the two classes, A and B, and are calculated by dividing the profit (loss) attributable to the parent company by the weighted average number of shares of each class outstanding in the years.
On June 30, 2024, Inter&Co reported dilutive effects for the purpose of calculating diluted earnings per share. These effects were due to shares granted under share-based payment plans, with a weighted average quantity of 2,814,395.
f.Non-controlling interest
On June 30, 2024, the balance of non-controlling interests is R$145,545 (December 31, 2023: R$124,881).
g.Reflex reserve
On June 30, 2024, the reflex reserve is R$(11,923) (December 31, 2023: R$44,217). The reflex reserve is mainly composed by equity-settled share-based payment from Banco Inter.
h.Treasury shares
On June 30, 2024, the value of treasury shares is R$(13,687), consisting of 146,792 class A shares.
26.Net interest income
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Interest income
Credit card 369,048 303,890 721,448 575,007 
Real estate loans291,199 225,192 587,400 442,165 
Personal loans 204,785 296,813 479,911 504,496 
Business loans 152,218 120,750 276,857 245,016 
Amounts due from financial institutions99,401 114,751 216,830 212,219 
Prepayment of receivables53,645 59,977 113,307 124,783 
Others2,119 29,732 (5,807)60,346 
Total1,172,415 1,151,105 2,389,946 2,164,032 
Interest expenses
Term deposits(447,291)(382,393)(879,964)(736,554)
Funding in the open market(238,004)(260,418)(486,180)(532,113)
Financial institutions deposits(42,552)(24,105)(85,444)(46,382)
Saving(24,599)(22,937)(48,052)(45,749)
Others(20,197)(2,353)(35,250)(4,179)
Total(772,643)(692,206)(1,534,890)(1,364,977)

46
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
27.Net revenues from services and commissions
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Income from securities456,585 402,038 903,304 772,962 
Fair value through other comprehensive income381,322 295,458 761,714 584,153 
Fair value through profit or loss63,158 55,362 112,384 94,639 
Amortized cost12,105 51,218 29,206 94,170 
Income from Derivatives173,311 (58,862)241,973 (58,380)
Future dolar contracts(22,518)7,133 (18,924)20,960 
Forward contracts15,229 (5,487)14,017 (2,442)
Futures contracts and swaps (a)180,600 (60,508)246,880 (76,898)
Total 629,896 343,176 1,145,277 714,582 
(a) The market adjustments of the hedge instrument offset the effects of the result from Hedge Accounting derivatives.
28.Net revenues from services and commissions
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Interchange (a)254,701 185,608 496,592 360,537 
Commission and brokerage fees189,250 116,633 335,317 249,285 
Investments27,596 18,062 56,328 38,282 
Banking and credit operations27,810 21,875 53,648 36,416 
Other17,466 20,925 42,746 28,204 
Inter Loop (b)(28,632)(6,574)(58,718)(6,574)
Cashback expenses (c)(91,045)(58,005)(154,427)(125,273)
Total397,145 298,524 771,485 580,877 
(a)    Refers to card operations.
(b)    This is a loyalty and rewards program offered by Banco Inter. Through this program, bank customers accumulate points in their transactions and financial operations and can exchange them for benefits, discounts, products or services.
(c)     Refers to amounts paid to customers as an incentive to purchase or use products. This balance is deducted directly from revenue from services and commissions.

29.Other revenues
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Performance fees (a)16,727 27,910 40,991 56,195 
Revenue foreign exchange12,197 26,191 33,953 41,110 
Capital gains5,534 6,149 8,789 9,087 
Revenue from sale of goods4,450 6,729 8,765 10,017 
Others 45,820 14,179 82,187 30,626 
Total84,728 81,158 174,685 147,035 
(a)     Consists substantially of the result of the commercial agreement between Inter and Mastercard, B3 and Liberty, which offers performance bonuses as the established goals are met.






47
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
30.Impairment losses on financial assets
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Impairment expense for loans and advances to customers(506,629)(414,060)(974,404)(779,819)
Recovery of written-off credits75,058 32,233 129,067 46,273 
Others10,323 (16,733)13,041 (15,695)
Total(421,248)(398,560)(832,296)(749,241)
31.Administrative expenses
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Data processing and information technology(172,654)(199,733)(380,099)(408,742)
Third party services and financial system services(83,347)(65,507)(150,524)(132,930)
Advertisement and marketing(48,967)(21,095)(83,068)(41,142)
Rent, condominium fee and property maintenance(13,704)(16,707)(31,326)(32,429)
Provisions for contingencies(11,920)(6,413)(21,454)(16,641)
Insurance expenses(4,555)(7,669)(9,164)(15,864)
Portability expenses(4,886)(2,769)(8,656)(5,140)
Others(62,795)(27,975)(113,781)(80,595)
Total(402,827)(347,868)(798,071)(733,483)

32.Personnel expenses
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Salaries(104,747)(110,969)(207,152)(209,155)
Benefits(65,313)(50,800)(119,422)(86,340)
Social security charges(31,301)(28,240)(63,625)(57,803)
Others(2,846)3,760 (4,471)(5,363)
Total(204,207)(186,249)(394,670)(358,661)

33. Tax expenses
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
PIS/COFINS(76,117)(58,544)(144,444)(114,446)
ISSQN(22,382)(17,213)(26,732)(21,339)
INSS(1,982)(972)(5,536)(1,997)
Others1,064 4,266 (9,036)(3,552)
Total(99,418)(72,463)(185,749)(141,334)
48
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
34.Current and deferred income tax and social contribution
a.Amounts recognized in profit or loss for the period
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Current income tax and social contribution expenses
Current year(116,956)(61,705)(204,879)(90,030)
Deferred income tax and social contribution benefits (expenses)
Provision for impairment losses on loans and advances47,059 52,461 79,095 76,506 
Provision for contingencies1,221 (830)2,811 1,305 
Adjustment of financial assets to fair value(34,596)(41,825)(45,450)(31,137)
Other temporary differences(2,145)8,961 24,259 (414)
Tax losses carried forward30,474 (6,836)(9,291)28,723 
Hedge Operations— 33,647 — 17,239 
Total deferred income tax and social contribution42,013 45,578 51,424 92,222 
Total income tax(74,943)(16,127)(153,455)2,192 
b.Reconciliation of effective rate
QuarterSemester
06/30/202406/30/202306/30/202406/30/2023
Income taxIncome taxIncome taxIncome tax
Profit before tax297,60880,299571,34086,196
Tax average (a)45 %(133,924)45 %(36,134)45 %(257,103)45 %(38,788)
Tax effect of
Interest on capital distribution13,600 — 30,608 — 
Non-taxable income (non-deductible expenses) net44,628 (446)49,689 276 
Tax incentives(771)— — — 
Subsidiaries not subject to real profit taxation7,380 1,256 17,618 21,507 
Others(5,856)19,197 5,733 19,197 
Total income tax (74,943)(16,127)(153,455)2,192 
Effective tax rate(25)%(20)%(27)%3%
Total deferred income tax and social contribution42,013 (44,452)51,424 2,192 
Total income tax and social contribution expenses(116,956)28,325 (204,879)— 
(a)    The result from Banco Inter represents the greatest impact on the total amount of taxes, so we present the tax rate of 45%, which is the nominal rate currently in force for banks under Brazilian legislation.
49
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
c.Changes in the balances of deferred taxes
12/31/2023ConstitutionRealization06/30/2024
Deferred tax assets
Provision for impairment losses on loans and advances630,817 400,969 (321,874)709,912 
Adjustment of financial assets to fair value137,729 236,148 (125,636)248,241 
Tax losses carried forward164,831 37,238 (45,992)156,077 
Other temporary differences82,438 77,755 (71,679)88,514 
Provision for contingencies17,720 10,219 (7,408)20,531 
Subtotal1,033,535 762,329 (577,599)1,218,265 
Deferred tax liabilities
Capital gains from assets in the business combination(4,637)— 2,015 (2,622)
Hedge Accounting(27,902)— 27,929 27 
Earn-out— (27,045)— (27,045)
Subtotal(32,539)(27,045)29,944 (29,640)
Total net deferred tax assets (liabilities) (a)1,000,996 735,284 (547,655)1,188,625 
(a)    The recognition of these deferred tax assets are based on the expectation of generating future taxable income and supported by technical studies and income projections.
12/31/2022ConstitutionRealization06/30/2023
Deferred tax assets
Provision for impairment losses on loans and advances407,766 344,881 (268,375)484,272 
Provision for contingencies12,664 8,932 (7,627)13,969 
Adjustment of financial assets to fair value312,159 104,717 (231,076)185,800 
Other temporary differences33,668 26,659 (26,268)34,059 
Tax losses carried forward202,184 32,798 (21,585)213,397 
Provision for expected loss on financial instruments9,707 — (805)8,902 
Subtotal978,148 517,987 (555,736)940,399 
Deferred tax liabilities
Others(30,073)(6,290)3,693 (32,670)
Subtotal(30,073)(6,290)3,693 (32,670)
Total net deferred tax assets (liabilities) (a)948,075 511,697 (552,043)907,729 
(a)    The recognition of these deferred tax assets are based on the expectation of generating future taxable income and supported by technical studies and income projections.

35.Share-based payment
a.Share-based compensation agreements
a.1) Stock option plan - Banco Inter S.A.
Between February 2018 and January 2022, Banco Inter S.A. established stock option programs through which Inter managers and executives were granted options for the acquisition of Banco Inter S.A. Shares.
50
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
The Extraordinary General Meeting of Inter&Co, Inc. held on January 4, 2023 approved the migration of share-based payment plans, with the assumption by Inter&Co of the obligations of Banco Inter S.A. arising from the active plans and the respective programs. As a result of the corporate reorganization, the number of options held by each beneficiary was proportionally changed. Thus, for every 6 options to purchase common shares or preferred shares of Banco Inter S.A. the beneficiaries will have 1 option to purchase a Class A share of Inter&Co. In addition, the repricing of the exercise price of the options granted in 2022, which had not yet been granted, was approved. On the occasion of the repricing, the fair value of the options granted and not exercised was recalculated, and an additional amount of R$15,990 of incremental expense was calculated, to be appropriated until the final vesting period.
The main characteristics of the plans are described below:
Grant DateFinal strike dateOptions (shares INTR)VestingAverage strike priceParticipants
02/15/201802/15/20255,452,464Up to 5 yearsR$1.80Officers, managers and key employees

07/09/2020
07/09/2027		3,182,250Up to 5 yearsR$21.50Officers, managers and key employees
01/31/202212/31/20283,250,000Up to 5 yearsR$15.50Officers, managers and key employees
Changes in the options of each plan for the period ended June 30, 2024 and supplementary information are shown below:
Grant Date12/31/2023GrantedExpired/CancelledExercised06/30/2024
2018115,799 — — 14,400 101,399 
20202,519,138 — 4,125 11,475 2,503,538 
20222,815,750 — 73,625 20,025 2,722,100 
Total5,450,687 — 77,750 45,900 5,327,037 
Weighted average price of the sharesR$17.98 

R$— 

R$15.82 

R$12.70 

R$18.06 
Grant Date12/31/2022GrantedExpired/CancelledExercised12/31/2023
2018135,599 — — 19,800 115,799 
20202,829,225 — 309,412 675 2,519,138 
20222,838,500 50,000 69,000 3,750 2,815,750 
Total5,803,324 50,000 378,412 24,225 5,450,687 
Weighted average price of the sharesR$18.15 R$15.50 R$20.41 R$4.47 R$17.98 
The fair values of the period of 2018 and 2020 plans were estimated based on the Black & Scholes option valuation model considering the terms and conditions under which the options were granted, and the respective compensation expense is recognized during the vesting period.
2018

2020
Strike price1.80 21.50 
Risk-free rate9.97 %9.98 %
Duration of the strike (years)77
Expected annualized volatility64.28 %64.28 %
Fair value of the option at the grant/share date:0.05 0.05 
51
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
For the 2022 program, the fair value was estimated based on the Binomial model:
2022
Strike price15.50 
Risk-free rate11.45 %
Duration of the strike (years)7 
Expected annualized volatility38.81 %
Weighted fair value of the option at the grant/share date:4.08 
In the period ended June 30, 2024, costs amounting to R$10,136 (June 30, 2023: R$15,802) were recognized in employee benefit expenses.
a.2) Share-based payment related to Inter & Co Payments, Inc., acquisition
In the context of the acquisition of Inter&Co Payments by Inter, it was established that part of the payment to key executives of the acquired entity would be made by migrating the share-based payment plan of Inter & Co Payments, Inc., with stock options for class A shares and restricted class A shares of Inter & Co, in addition to the granting of shares issued by the Company. Considering the characteristics of the contract signed between the parties, the expense associated with the options granted are treated as a compensation expense which will be expensed over the term of the vested options and based on continued employment of such key executives.
Inter has the right to repurchase the restricted shares if these key executives cease to provide services to the Company within the term of the acquisition contract. Nevertheless, all shares will remain subject to other transfer restrictions established in the contract and in the applicable legislation.
The main characteristics of these stock-based payments are described below:

Grant DateOptionsVestingAverage strike price (a)ParticipantsFinal exercise date
2022489,386Up 3 yearsR$ 10.67 for class A sharesKey Executives12/30/2024
(a)    Number of options and strike price from Inter&Co Payments, Inc.’s equity incentive plan has been agreed by the Parties at the time of the acquisition. The number of options and strike price, after the Company’s reorganization and listing on Nasdaq have been recalculated in accordance with the rate between Inter’s shares and the Company’s Class A Shares. According to the contract signed between the parties, the corresponding amount is USD 1.92. The values presented in reais were converted using the dollar FX rate as of June 30, 2024.
Stock options exercised:
Grant DateSharesParticipantsFinal exercise date
2023643,500Key Executives12/30/2024
Changes in Inter&Co Payments, Inc.’s granted instruments for June 30, 2024 and supplementary information are shown below:
Grant Date12/31/2023Granted OptionsExpired/CancelledExercised6/30/2024
2022489,386 — — — 489,386 
Total489,386 — — — 489,386 
Weighted average price of the sharesR$9.30 R$— R$— R$— R$10.67 
52
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
Grant Date12/31/2022Granted OptionsExpired/CancelledExercised12/31/2023
2022489,386 

— 

— 

— 

489,386 
Total— 

— 

— 

— 

489,386 
Weighted average price of the sharesR$9.30 

R$— 

R$— 

R$— 

R$9.30 
Grant Date12/31/2023Granted SharesExpired/CancelledPut option exercise6/30/2024
2022482,625 — — 199,942 282,683 
Total482,625 — — 199,942 282,683 
Grant Date12/31/2022Granted SharesExpired/CancelledPut option exercise 12/31/2023
2022643,500 — — 160,875 482,625 
Total643,500 — — 160,875 482,625 
For the period ending on June 30, 2024, the amount of R$8,364 (June 30, 2023: R$ 16,765) was recognized as employee benefit expenses in the income statement of the Company.
a.3) Restricted shares agreement (RSU) - Inter.
The Extraordinary General Meeting of Inter&Co, Inc. held on January 4, 2023 approved the creation of the Omnibus Incentive Plan, which aims to promote the interests of the Company and its shareholders, strengthening the Company's ability to attract, retain and motivate employees who are expected to make contributions to the Company and to provide these people with incentives to align their interests with those of the Company’s shareholders.
The Omnibus Incentive Plan is managed by the Board of Directors of Inter&Co, Inc., which has the authority to approve program grants to the Company's employees.
On June 1, 2023, the Company granted 2,140,500 restricted share units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on December 1 of 2023, 2024, 2025, and 2026. Additionally, on November 1, 2023, the Company granted 15,000 restricted share units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on October 23 of 2024, 2025, 2026 and 2027, to various executives and employees of the Company and/or its direct or indirect subsidiaries. 553,875 RSUs already vested on December 1, 2023. On June 30, 2024, 65,000 RSUs were canceled/prescribed.
On February 1, 2024, the Company granted 10,000 restricted stock units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on December 1, 2024, 2025, 2026 and 2027 to various executives and employees of Company and/or its direct or indirect subsidiaries.
On April 1, 2024, the Company granted 120,000 restricted share units (RSUs) under the Omnibus Incentive Plan with 25% block vesting schedules to various executives and employees of the Company and/or its direct or indirect subsidiaries . The expected schedules have payment dates until March 4, 2028. On April 1, 2024, 10,000 RSUs were exercised.
Additionally, on April 26, 2024, the Company granted 1,795,000 restricted stock units (RSUs) under the Omnibus Incentive Plan with a vesting schedule of 25% on December 1, 2024, 2025, 2026 and 2027. In June 30, 2024 18,750 RSUs were cancelled/prescribed.
On June 4, 2024, the Company granted 60,000 restricted share units (RSUs) under the Omnibus Incentive Plan with 25% block vesting schedules to various executives and employees of the Company and/or its direct or indirect subsidiaries . The expected schedules have payment dates until June 1, 2028.
53
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
See table below:
06/30/2024
Date of grantExercise rate per vesting Fair value of share (in R$)Remaining term of the vesting period (in years)Vesting period (years)Total grantedTotal not vested yet

06/01/2023		25%R$14.153.54.02,140,5001,521,625

11/01/2023		25%R$22.994.04.015,00015,000

02/01/2024		25%R$25.224.04.010,00010,000

04/01/2024		25%R$29.114.04.0120,000110,000

04/26/2024		25%R$26.273.04.01,795,0001,776,250

06/04/2024		25%R$30.354.04.060,00060,000
Total4,140,500 3,492,875 
12/31/2023
Date of grantExercise rate per vestingFair value of share (in R$)Remaining term of the vesting period (in years)Vesting period (years)Total grantedTotal not vested yet

06/01/2023		25%R$14.153.54.02,140,5001,586,625

11/01/2023		25%R$22.994.04.015,00015,000
Total2,155,500 1,601,625 
In the period ended June 30, 2024, the amount of R$11,154 was recognized as employee benefit expenses in the statement of income.
54
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
36.Transactions with related parties
Transactions with related parties are defined and controlled in accordance with the Related-Party Policy approved by Inter&Co’s Board of Directors. The policy defines and ensures transactions involving Inter and its shareholders or direct or indirect related parties. Transactions related to subsidiaries are eliminated in the consolidation process, not affecting the Unaudited interim condensed consolidated financial statements. Related-party transactions were undertaken as follows:
Parent Company (a)Associates (b)Key management personnel (c)Other related parties (d)Total
06/30/202412/31/202306/30/202412/31/202306/30/202412/31/202306/30/202412/31/202306/30/202412/31/2023
Assets— 3,839 1,153,011 1,470,694 16,100 16,403 779,070 620,131 1,948,181 2,111,067 
Loans and advances to customers— 3,839 — — 16,100 16,403 779,070 620,131 795,170 640,373 
Amounts due from financial institutions— — 1,153,011 1,470,694 — — — — 1,153,011 1,470,694 
Liabilities— (5,261)(733)(9)(22,573)(22,391)(185,218)(250,608)(208,524)(278,269)
Liabilities with customers - Demand deposits— — — — (4)(406)(48,788)(47,091)(48,792)(47,497)
Liabilities with customers - Term deposits— (5,261)(733)(9)(22,569)(21,985)(136,430)(203,517)(159,732)(230,772)
Parent Company (a)Associates (b)Key management personnel (c)Other related parties (d)Total
06/30/202406/30/202306/30/202406/30/202306/30/202406/30/202306/30/202406/30/202306/30/202406/30/2023
Profit/ (loss)(1)(1,303)1,482 (219)(13,580)(637)(14,963)3,556 (27,062)1,397 
Interest income— — 1,482 — 62 891 1,638 11,149 3,182 12,040 
Interest expenses— (1,302)— (57)(955)(1,380)(5,122)(4,604)(6,077)(7,343)
Other administrative expenses(1)(1)— (162)(12,687)(148)(11,479)(2,989)(24,167)(3,300)
(a)    Inter&Co is directly controlled by Costellis International Limited, SBLA Holdings and Hottaire;
(b)     Entities with significant influence by Inter&Co;
(c)     Directors and members of the Board of Directors and Supervisory Board of Inter&Co; and
(d)     Any immediate family members of key management personnel or companies controlled by them, including: companies which are controlled by immediate family members of the controlling shareholder of Inter&Co; companies over which the controlling shareholder or his/hers immediate family members have significant influence; other investors that have significant influence over Inter&Co and their close family members.
Compensation of key management personnel
For the year 2024, the Ordinary General Meeting (AGO) decided on the proposed amount as global remuneration for administrators of up to R$87,864. As of June 30, 2024, an expense was recognized for proceeds in the amount of R$12,804 (R$13,972, as of June 30, 2023).
55
intereco_logo.jpg
Notes to the Unaudited interim condensed consolidated financial statement
As of June 30, 2024
    37. Subsequent events
On May 28, 2024, Banco Inter (indirect subsidiary) announced the execution of contracts for the acquisition of the entire share capital of Granito, in the amount of R$112,000, after approval by BACEN that occurred on July 24, 2024. Granito is a Brazilian card payment services company in which Inter held a 50% stake in the shares representing the share capital and, now, has purchased the remaining 50% held by Banco BMG, becoming the sole shareholder of Granito. After the completion of the acquisition, Granito's name will be InterPag.
56
Inter (NASDAQ:INTR)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024 Haga Click aquí para más Gráficas Inter.
Inter (NASDAQ:INTR)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024 Haga Click aquí para más Gráficas Inter.