Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 220

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 220
---
,800,780)             28,336,487          35,433,939                 (8,477,176)      26,956,763
Personnel expenses                                                           (25,478,916)                   3,201,606           (22,277,310)        (23,908,426)                   3,093,968    (20,814,458)
Other administrative expenses                                                (23,618,283)                     664,221           (22,954,062)        (22,931,939)                     620,435    (22,311,504)
Tax expenses                                                                  (7,704,610)                     829,650            (6,874,960)         (8,018,899)                     675,050     (7,343,849)
Share of profit (loss) of associates and jointly controlled companies             364,914                   1,166,671              1,531,585             573,137                   1,528,544       2,101,681
IR/CSI and Other operating income/expenses                                   (19,370,169)                   7,976,768           (11,393,401)        (12,667,426)                   6,572,404     (6,095,022)
Net income                                                                     18,938,735                 (1,396,582)             17,542,153          14,846,008                   (343,243)      14,502,765

139 – Form 20-F 2024 | Bradesco
-------------------------------
The following are explanations of material changes to the material line items of our income statement prepared in accordance with IFRS Accounting Standards:
 
Ø Interest and similar income
 Our interest and similar income increased by R$275 million, or 0.1%, in the year ended December 31, 2024 compared to the year ended December 31, 2023, due to the increase in the average volume of interest-bearing assets, which had a positive impact of R$12,801 million on our revenues. This increase was partially offset by the reduction in the average rates of our interest yielding assets, reflecting the decrease in the SELIC rate, which decreased from an average of 13.25% during 2023 to an average of 11.96% during 2024, in addition to changes in other economic-financial indices,