Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 379

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 379
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 of the foreign operation. The ineffective portion of the
respective hedge is recognized directly in the statement of income.

  Schedule of hedge of investments abroad                                                                                                                                                                                                                                                            
  Strategy                                                  R$ thousands                                                                                                                                                                                                                             
                                                            Hedge instrument nominal value      Hedge object book value      Accumulated fair value adjustments in shareholders' equity (gross of tax effects)      Accumulated fair value adjustments in shareholders' equity (net of tax effects)  
  Hedge of exchange variation on future cash flows (1)      5,603,750                                         5,166,624                                                                           ( 1,536,225)                                                                           ( 805,635)  
  Total on December 31, 2024                                5,603,750                                         5,166,624                                                                           ( 1,536,225)                                                                           ( 805,635)  
  Hedge of exchange variation on future cash flows (1)      4,477,297                                         4,149,708                                                                             ( 702,728)                                                                           ( 368,528)  
  Total on December 31, 2023                                4,477,297                                         4,149,708                                                                             ( 702,728)                                                                           ( 368,528)  

  (1)      For subsidiaries with functional currency is different from the Real, using Forward                                                          

The gains/(losses) related to the ineffectiveness
of the hedge of foreign operations, recorded in profit or loss, for the year ended December 31, 2024 was R$( 10,502thousand (R$3,223thousand in 2023).

Unobservable gains on initial
recognition

When the valuation depends on unobservable
data any initial gain or loss on financial instruments is deferred over the life of the contract or until the instrument is redeemed,
transferred, sold or the fair value becomes observable. All derivatives which are part of the hedge relationships are valued on the basis
of observable market data.

The nominal values do not reflect the
actual risk assumed by the Group, since the net position of these financial instruments arises from compensation and/or combination thereof.
The net position is used by the Group particularly to protect interest rates, the price of the underlying assets or exchange risk. The
result of these financial instruments are recognized in “ Net gains/(losses) on financial assets and liabilities at fair value through
profit or loss”, in the consolidated statement of income.

Offsetting of financial assets
and liabilities

A financial asset and a financial liability
are