Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 157

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 157
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 R$319 million).

| 128 – Reference Form – 2024 |

| 4. Risk factors |

Sensitivity analysis

The
Trading Portfolio is also monitored daily by sensitivity analyses that measure the effect of market shifts and price curves on our positions.
Furthermore, a sensitivity analysis of the Organization’s financial exposures (Trading and Banking Portfolio) is performed on a
quarterly basis.

Note
that the impact of the financial exposure on the Banking Portfolio (notably interest rates and price indexes) do not necessarily represent
a potential accounting loss for the Organization because a portion of loan operations, held in the Banking Portfolio, is financed by demand
and/or savings deposits, which are “natural hedges” for any future variations in interest rates and, moreover, interest rate
variations do not represent a material impact on the institution’s result, as Loans are held to maturity. In addition, due to our
strong presence in the insurance and pension plan market, Bradesco holds a large volume of assets on which price adjustments would also
impact the linked technical reserves.

The sensitivity
analysis of the Trading Portfolio, which represents exposures that may have a material impact on the Organization’s results, is
presented below. Note that the results show the current impact for each scenario on a static portfolio position. However, the market is
highly dynamic, which currently results in continuous changes in these positions but does not necessarily reflect the position shown here.
Moreover, as previously mentioned, the Organization has an ongoing process of market risk management, which constantly seeks to adjust
positions, in order to mitigate related risks according to the strategy determined by Senior Management. Therefore, in cases of deterioration
indicators in a certain position, proactive measures are taken to minimize any potential negative impact, aimed at maximizing the risk/return
ratio for the Organization.

| 129 – Reference Form – 2024 |

| 4. Risk factors |

The
sensitivity analysis of the financial exposures (Trading and Banking Portfolios) of the Organization were carried out, based on scenarios
prepared for the respective dates, always considering market data at the time and scenarios that would adversely affect our positions,
according to the examples below:

| § | Scenario 1: Based on market information (B3, Anbima, etc.), stresses were applied for 1 basis point                            
 on the interest rate and a 1.0% variation on prices. For example: for a Real/U.S. dollar exchange rate of R$6.19 a scenario of 
 R$