Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 145

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 145
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 debt denominated in U.S. dollars and loans in foreign currency, and can lead to gains on our monetary assets denominated in or indexed to foreign currencies, since liabilities and assets are converted into reais using the foreign currency rate
on the date of the report. Consequently, if our liabilities denominated in, or indexed to, foreign currencies significantly exceed our monetary assets denominated in or indexed to foreign currencies, including any financial instruments entered into for hedging purposes, a large devaluation or depreciation of the Brazilian currency could significantly and adversely affect our financial income and the market value of our shares, even if the value of themonetary assets and liabilities has not changed in
their currency of origin.

On the
other hand, if the Brazilian currency appreciates, we may incur losses on our monetary assets denominated in, or indexed to, foreign currencies,
such as the U.S. dollar, and we may experience reductions in our monetary assets and liabilities denominated in or indexed to foreign
currencies, as liabilities and assets are converted into reais. Therefore, if our monetary assets denominated or indexed to foreign
currencies significantly exceed our liabilities denominated or indexed in foreign currencies, including any financial instruments entered
into for hedge purposes, a large appreciation of the Brazilian currency could be materially and adversely affect our financial income,
even if the value of monetary assets and liabilities has not changed in their original currency.

Changes in base interest rate by the Central Bank of Brazil may materially and/or adversely affect our margins and results of operations.

As
a result of inflationary pressures and macroeconomic instability observed in the last years, the Brazilian government has
historically adopted monetary policies that have resulted in interest rates in Brazil being among the highest in the world. The
Central Bank of Brazil establishes the basic interest rates generally available to the Brazilian banking system (SELIC), based on
the expansion or contraction of the Brazilian economy, inflation rates
and other economic indicators. In recent years, there has been significant volatility in the Brazilian official basic interest rate, which
ranged from 14.25% on December 31, 2015 to 2.00% on August 20, 2020. As of December 31,
2022, the SELIC rate was 13.75% and was then reduced to 11.75% in 2023. On December 11, 2024, the SELIC rate increased to 12.25%, on March
19, 2025, it was further increased