Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 229

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 229
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% in the average volume of these assets, benefiting our revenues in R$291 million.
 Revenue from financial intermediation from compulsory and voluntary deposits at the Central Bank totaled R$8,894 million for the year ended December 31, 2024, a decrease of 10.6% compared to the year… 2023. This was primarily due to the decrease in interest rates practiced in Brazil, impacting our revenues by R$2,166 million.
 Revenue from financial intermediation from loans and advances to financial institutions totaled R$27,739 million for the year ended December 31, 2024, a decrease of 1.5% compared to the year ended December 31, 2023, driven by a decrease in interest rates practiced in Brazil, impacting our revenues by R$3,341 million.
 Revenue from financial intermediation from financial assets available for sale totaled R$31,081 million for the year ended December 31, 2024, a decrease of 3.5% compared to the year ended December 31,2023. This was primarily due to the decrease in interest rates applied in Brazil, impacting our revenues by R$2,167 million.
 Revenue from financial intermediation from financial assets for trading totaled R$7,733 million for the year ended December 31, 2024, a decrease of 40.8% compared to year ended December 31, 2023, driven by the interest rates in Brazil, which decreased from an average of 13.25% during 2023 to an average of 11.96% during 2024, impacting our revenues by R$5,843 million.
 The non-interest gains/losses are mainly related to our results 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
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 The R$2,614 million or 6.5% decrease in our financial intermediation revenues was primarily due to a 10.3% decrease in revenues from financial assets for trading, mainly as a result of declining interest rates in Brazil, from an average of 13.25% during 2023 to an average of 11.96% during 2024, impacting our revenues by R$7,281 million. This was partially offset by the increase in the average volume of these assets, contributing to our revenues by R$4,108 million.
 
b) Expenses