Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 231

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 231
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 to changes in average volume of interest-bearing liabilities                                    17,001,841     3,732,150
Due to changes in average interest rates                                                          (19,419,195)   (6,574,224)
Due to Brazilian real appreciation/depreciation                                                      (186,338)             -
Non-interest gains / losses                                                                          3,918,475              
Net change                                                                                           1,314,783   (2,842,074)

146 – Form 20-F 2024 | Bradesco
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Ø   Banking
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 The increase of 1.3% in expenses from financial intermediation for the year ended December 31, 2024, compared to the year ended December 31, 2023, was primarily due to the increase in the average volume of interest-bearing liabilities, which increased our expenses by R$17,002 million, with emphasis on higher expenses related to: (i) securities issued, (ii) securities sold under agreements to repurchase, and (iii) borrowings and onlendings. This increase was offset by lower funding rates, which reduced our expenses by R$19,419 million.
 The decrease in non-interest gains/losses is mainly related to the result obtained from derivative financial instruments, as well as the result from other non-interest earning assets, such as shares and investment fund quotas.
 
Ø  Insurance, pension plans and capitalization bonds
 The decrease of 8.6% in expenses from financial intermediation was driven by the variation in interest rates in Brazil, which went from an average of 13.25% in the year ended December 31, 2023 to an average of 11.96% in the year ended December 31, 2024, decreasing our expenses by R$6,574 million. This reduction was partially offset by the increase in the average volume of our business, which increased our expenses by R$3,732 million.
 
5.A.20.01-02 Fee and commission income and income from banking fees, other income from insurance, pension plans and capitalization bonds, share of profit (loss) of associates and jointly controlled companies and other operating income
 The following table shows on a consolidated basis and by segment, the principal components of our non-interest income as of and for the years ended December31, 2024 and 2023:
 
                  Consolidated                            R$ in thousands, except %        
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As of and for the year ended December 31