Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 138

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 138
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Our International and Foreign Exchange Area in Brazil and abroad coordinates our international transactions, through a team of experts in foreign exchange and foreign trade business, providing technical support to our clients and to the Wholesale and Retail segments, for exchange products, Trade Finance (financing for export and import), financial transfers and Direct External Loans. We also have a team specialized in structured operations (syndicated loans, club deals, risk participations, bridge facilities, among others) and international guarantees, in addition to Digital Exchange, a team dedicated to customer service that use our digital channels (Net Empresa, mobile and internet banking) to contract foreign exchange operations.
 
Ø  Foreign branches and subsidiaries
 Our foreign branches and subsidiaries principally provide financing in foreign currency (particularly foreign trade finance operations) to Brazilian and non-Brazilian clients. Total assets of the foreign branches, considering the elimination of intra-group transactions, amounted to R$54.0 billion, as of December 31, 2024, denominated in currencies other than the real.
  
79 – Form 20-F 2024 | Bradesco
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Funding required for the financing of Brazilian foreign trade is primarily obtained from the international financial community, through credit lines granted by correspondent banks abroad. We issued debt securities in international capital markets, which amounted to US$1.5 billion during in the year ended December 31, 2024, and funding transactions, amounting to US$6.4 billion, as additional sources of funding.
 The following is a brief description of our subsidiaries abroad:
 
·   Bradesco Securities (U.S., U.K. and H.K.) – Bradesco Securities, our wholly-owned subsidiary,
                   is a broker dealer in the United States, England and Hong Kong:               
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o                                      Bradesco Securities U.S. focuses on facilitating the intermediation                                   
    of operations of fixed income and variable income of Brazilian companies for global institutional investors; raising of short-term funds,
     placement of Equity Capital Market (ECM) and Debt Capital Market (DCM) operations; distribution of research reports and corporate access
                                                                    services;                                                                
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o                                     Bradesco Securities U.K. focuses on the intermediation of equities and                                  
      fixed income operations for Brazilian companies with global institutional investors; short-term fund-raising activities for us in Euro  
    Certificate of Deposit (Euro CD) program and Global Medium-Term Note program (MTN); and sale of research reports and services of corporate
     access