Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 129

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 129
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markets for financial, banking and insurance services in Brazil are highly competitive. We face significant competition in all of our
main areas of operation from other large banks and insurance companies, both public and private, based in Brazil and abroad, in addition
to new players, such as fintechs and startups that begin to operate with a differentiated and reduced level of regulation. It should be
noted that major technology companies “bigtechs” are also strong competitors, seeking to invest in online payment systems
and financial transactions tools by means of various types of applications. In addition, we note that the implementation of Open Finance
in Brazil has intensified this competition through the possibility of sharing information between institutions.

This
competitive environment combined with the accelerated process of digital innovation observed in the sector may impact our speed of adaptation
to this ecosystem and consequently the performance of certain lines of business, which may negatively affect our financial condition,
the result of our operations and the market value of our shares.

We may experience increases in our level of non-performing loans as our loan and advance portfolio becomes more seasoned.

Our
portfolio of loans and advances to clients experienced an increase in 2024. Any corresponding increase in our level of non-performing
loans and advances to clients may lag behind the rate of loan growth, as loans typically do not have due payments for a short period of
time after their origination. Levels of non-performing loans are normally higher among our Individual clients than our Corporate clients.

Our delinquency ratio, which is defined as the total loans overdue for over 90 days in relation to the total loan and advance portfolio, increased to 4.0% as of December 31, 2024in comparison to 5.1% on December 31, 2023.

In addition,
historical trends in loan losses may not predict future losses, which are affected by many factors, including, but not limited to, client
default risks, changes in business arising from growth or acquisitions, expansion of loans to
new sectors or clients (e.g., individuals and small and medium-sized enterprises), economic and political conditions in Brazil, regulatory
or fiscal changes, market-specific competition and exposure to specific sectors or large clients, which can significantly impact the quality
of our loan portfolio.

| 110 – Reference Form – 2024 |

| 4. Risk factors |

If economic
conditions are deteriorating, or if we are experiencing rapid growth in loans, this results in increases in our expected loss on loans
and advances