Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 153

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 153
---
 of our platform and the way we use artificial intelligence and machine learning technology, including
in relation to loan granting, given legislative discussions on the right to contestability, explainability, and review of decisions obtained
through the use of artificial intelligence systems, which may expose our credit model, and could negatively affect our business. Additionally,
the cost of complying with such laws or regulations may be significant and increase our operating expenses, which may adversely affect
our business, financial condition, and operating income.

| 124 – Reference Form – 2024 |

| 4. Risk factors |

4.2
– Indicate the five (5) main risk factors, among those listed in field 4.1, regardless of the category in which they are inserted

| 1. | The government exercises influence over the Brazilian economy, and Brazilian political and economic 
 conditions have a direct impact on our business.                                                    |

| 2. | Currency exchange variations may have an adverse effect on the Brazilian economy and on our results 
 and financial condition.                                                                            |

| 3. | Adverse developments affecting the financial services industry,                                                                         
 such as events or concerns involving liquidity, defaults, or non-performance by financial institutions or transactional counterparties, 
 could adversely affect our ability to finance our assets.                                                                               |

| 4. | Changes in base interest rate by the Central Bank of Brazil may materially and/or adversely affect 
 our margins and results of operations.                                                             |

| 5. | The persistently high inflation can affect our revenues and our 
 ability to access foreign financial markets.                    |

4.3
– Describe, quantitatively and qualitatively, the main market risks to which the issuer is exposed, including in relation to exchange
rate risks and interest rates

The
Organization monitors and controls the possibility of financial losses due to fluctuating prices and interest rates of the financial instruments,
as its asset and liability portfolios may have mismatched maturities, currencies and indexes. Considering the dynamics of this type of
risk and the characteristics of each investment portfolio, various limits of risks and results were established.

The
proposals for risk limits are validated in specific Committees, supported by the Integrated Risk Management and Capital Allocation Committee,
and submitted for approval by the Board of Directors, according to the characteristics of the business, which are segregated into the
following portfolios:

| · | Trading Portfolio: comprised by every operation that is carried out with financial instruments,                                             
 including derivatives, held with trading intent or to hedge other instruments in