Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 1

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 1
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ITEM
10. ADDITIONAL INFORMATION

10. A. Share Capital

For more information on
our share capital, see Note 25 to our consolidated financial statements in “ Item 18. Financial Statements”.

10. B. Memorandum and Articles
of Association

We are a publicly-traded
company duly registered with the CVM under No. 00090-6. Article 5 of our Bylaws establishes our purpose as carrying out banking transactions
in general, including foreign exchange activities.

10. B.10 Organization

10. B.10.01 Qualification of directors

Since the promulgation of
Law No. 12,431/11, which amended Law No. 6,404/76 in its article 146, members of the Board of Directors are no longer required to be shareholders
of the companies in which they occupy these positions. Neither do they have to meet residency requirements to be eligible for Board member
positions.

10. B.10.02 Allocation of net
income and distribution of dividends

Our Bylaws, in conformity
with the Brazilian Corporate Law, require the Board of Directors to recommend, at each Annual Shareholders’ Meeting, the allocation
of net income for the fiscal year as follows:

  5.0% of net income, determined in accordance with BR GAAP, to a legal reserve during each fiscal year,                                         

  upon proposal by Management, an amount to a contingency reserve against future losses, which amount is                                       

  at least 30.0% of net income according to BR GAAP (adjusted by the deductions under the preceding items)  

  any balance to revenue reserves for the maintenance of an operational margin that is compatible with the  

Our Bylaws also authorize
our shareholders to allocate an amount to a reserve for realizable revenue. Historically, our shareholders have not allocated amounts
to this reserve.

The minimum of 30.0% of
our recurring net income according to BR GAAP must be distributed as annual dividends and paid out within 60 days of the Annual Shareholders’
Meeting in which the distribution is approved. However, Brazilian Corporate Law permits us to suspend payment of the mandatory distribution
if our Board of Directors reports to the shareholders’ meeting that the distribution would be incompatible with our financial condition,
in which case the suspension is subject to approval by the shareholders’ meeting. Under Brazilian Corporate Law, the Fiscal Council
must prepare a report on this matter and the Board of Directors is obligated to present a justification for the