Normative Instruction BCB No. 646 — Amends the Layout and Filling Instructions for Document 3050 – Aggregated Credit and Leasing Statistics of the Credit Information System (SCR)

BCB NORMATIVE INSTRUCTION NO. 646, OF AUGUST 1, 2025

Amends the Layout and Filling Instructions for Document 3050 – Aggregated Credit and Leasing Statistics, of the Credit Information System – SCR, governed by Circular No. 3,870, of December 19, 2017, and Circular Letter No. 3,869, of March 19, 2018.

The Head of the Statistics Department – Dstat and the Head of the Financial System Monitoring Department – Desig, in the exercise of the authority conferred upon them by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on Article 85, item I, letter “b” of said Regulations, and in view of the provisions of CMN Resolution No. 5,037, of September 29, 2022, Circular No. 3,870, of December 19, 2017, and Circular Letter No. 3,869, of March 19, 2018,

RESOLVE:

Art. 1. The new versions of the Filling Instructions and the Layout of Document 3050 - Aggregated Credit and Leasing Statistics shall enter into force, starting from the data base of November 7, 2025, with information relating to the period from November 3 to November 7, 2025, available on the Central Bank of Brazil’s website at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/scrdoc3050.

Art. 2. The following modifications were made to the Filling Instructions for Document 3050:

I - in item 3 - Credit and Leasing Modalities:

a) inclusion of the reporting of information regarding the modalities “Unsecured personal credit with real guarantees” and “Unsecured personal credit without real guarantees” of the individual segment of credit operations with free resources, as well as the alteration of the name of the modality “Unsecured personal credit” to “Total unsecured personal credit”;

b) inclusion of the reporting of information regarding the modality “Credit for programs aimed at fostering micro, small, and medium-sized enterprises (MSMe)” of the corporate segment of credit operations with directed resources”;

II - in item 7.1 - Modalities with free resources, item II:

a) letter “b” (Unsecured personal credit with real guarantees): new wording for unsecured personal credit operations with real guarantees;

b) letter “c” (Unsecured personal credit without real guarantees): new wording for unsecured personal credit operations without real guarantees;

c) letter “d” (Total unsecured personal credit): new wording for total unsecured personal credit operations, which must be composed of the modalities “unsecured personal credit with real guarantees” and “unsecured personal credit without real guarantees”;

d) letter “g” (Secured personal credit for private sector workers): inclusion of guidance for credit operations relating to the Worker’s Credit, regulated by Provisional Measure 1,292, of March 12, 2025, with respect to credits granted to public sector workers; and

III - in item 7.2 - Modalities with directed resources, letter “k”: inclusion of the modality “Credit for programs aimed at fostering micro, small, and medium-sized enterprises (MSMe)”.

Art. 3. The modifications referred to in Art. 2 are described in the Filling Instructions for Document 3050, which are referenced in the “History of revisions”.

Art. 4. The following modifications were made to the Layout of Document 3050:

I – in the TXB Layout, information I, III to XII relating to item 2 of the Filling Instructions for Document 3050 shall be reported for the following modalities:

a) “unsecured personal credit with real guarantees” and “unsecured personal credit without real guarantees” of the credit segment with free resources for individuals;

b) “credit for programs aimed at fostering micro, small, and medium-sized enterprises (MSMe)” of the credit segment with directed resources for corporations.

Art. 5. The updated version of the layout of document code 3050, as provided for in this Normative Instruction, will be made available by August 1, 2025.

Art. 6. This Normative Instruction enters into force on the date of its publication.

FERNANDO ALBERTO G. SAMPAIO C. ROCHA Head of Dstat	ANDRÉ MAURÍCIO TRINDADE DA ROCHA Head of Desig

NOTE

Document 3050 – Aggregated Credit and Leasing Statistics, part of the Credit Information System – SCR, is the document by which the Central Bank of Brazil – BCB collects aggregated credit data from the National Financial System – SFN for the compilation of macroeconomic statistics, whose highlighted purpose is to support monetary policy decisions and enable the monitoring of its transmission through the credit channel. The document comprises information (balances, disbursements, average interest rates, portfolio and disbursement terms, and balances by delinquency bands) segregated by credit modalities and constitutes the main data source for the SFN credit statistics compiled and published by the BCB.

2. The new information proposed corresponds simply to the disaggregation of the modalities “unsecured personal credit with real guarantees” and “unsecured personal credit without real guarantees,” currently reported in an aggregated manner in the “unsecured personal credit” modality of Document 3050. This disaggregation is necessary due to the significant differences between the personal credit segments with and without real guarantees, which, due to different risk levels involved, are reflected, above all, in the disparity between the interest rates charged. The segregation of this information by financial institutions (FIs) does not require significant additional costs, considering that FIs already provide the requested data with the desired segregation in Document 3040 – Credit Risk Data, albeit with lower timeliness than necessary for the publication of SFN credit statistics, notably those contained in the Press Note – Monetary and Credit Statistics.

3. The operations corresponding to the new proposed modality, “credit for programs aimed at fostering micro, small, and medium-sized enterprises (MSMe),” currently reported indistinctly as “other directed credits,” do not have their interest rates collected by Document 3050. Identifying these operations in the proposed modality will fill an important gap in the credit statistics produced by the BCB, with significant impacts on the quality of the statistics and, in particular, on the analyses that support monetary policy decisions. Similar to unsecured personal credit, the segregation of this information by FIs also does not require significant additional costs.

4. The proposed alterations therefore aim to improve the statistics produced by the BCB, which will henceforth reflect with greater precision what occurs in the credit market, in important credit segments for consumers and MSMEs. This improvement will allow the statistics to contribute more effectively to the conduct of monetary policy by describing with greater clarity its transmission through the credit channel. At the same time, the proposed segmentations will enable better differentiation between credit operations in the statistics, which has been repeatedly suggested in interactions between the BCB and trade associations representing institutions part of the SFN.

5. Due to the aspects mentioned, in addition to the low impact resulting from the proposed segmentations, since they consist of a simple reclassification of credit operations, which already appear segregated in other BCB documents, the proposed Normative Instruction is exempt from Regulatory Impact Analysis (AIR) referred to in Article 4, item V, letter “b”, of Decree No. 10,411, of June 30, 2020, namely: V – normative act aimed at preserving liquidity, solvency, or soundness: b) of the financial, capital, and foreign exchange markets.

FERNANDO ALBERTO G. SAMPAIO C. ROCHA Head of Dstat	ANDRÉ MAURÍCIO TRINDADE DA ROCHA Head of Desig