Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 221

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 221
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 such as inflation. These factors had a negative impact on our revenues amounting to R$12,526 million.
 
Ø  Interest and similar expenses
 Our interest and similar expenses reduced R$12,097 million or 7.7% in 2024 compared to 2023, due to a reduction in the average interest rate paid which decreased our expenses by R$25,732 million, with emphasis on: (i) time deposits whose interest and similar expenses reduced by R$8,847 million; (ii) insurance contracts liabilities whose interest and similar expenses reduced by R$6,574 million; and (iii) securities sold under agreements to repurchase whose interest and similar expenses reduced by R$6,079 million. These reductions were partially offset by the increase in the average volume of our interest-bearing liabilities, which our interest and similar expenses by R$13,635 million.
 
Ø  Fee and commission income
 Our net fee and commission income increased by R$1,380 million, or 5.1%, in the year ended December 31, 2024 compared to the year ended December 31, 2023, reflecting growth in revenue as a result of, among other things and increase in: (i) capital market/financial advisory income (an increase of R$446 million, or 36.5%); (ii) consortia administration income (an increase of R$383 million, or 16.7%); and (iii) credit cards (an increase of R$282 million, or 3.0%). This increase was partially offset by lower revenues in respect of: (i) collections and revenues (a decrease of R$218 million, or 10.2%); and (ii) checking accounts (a decrease of R$141 million, or 2.0%), all of which have been influenced by our portfolio adjustment strategy, which includes fee-exempt products designed to align with market trends and meet customer demand for more accessible services. This approach also supports our broader strategy to attract and retain clients.
 
Ø  Net gains (losses) on financial assets and liabilities at fair value through profit or loss
 Our net losses on financial assets and liabilities at fair value through profit or loss totaled R$2,250 million in the year ended December 31, 2024, compared to a gain of R$10,896 million in year ended December 31, 2023, due to the lower returns on investments in securities, primarily