Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 238

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 238
---
0%         12.6%
Average amount during the period                       284,206,503   252,162,308   226,392,715
Weighted average interest rate during the period (1)         11.1%         12.5%         11.5%
 (1) We calculated the average balances using the end-of-month account balances.
 
5.B.20.03 Borrowings and onlendings
 Borrowings consist primarily of funding from lines obtained from banking correspondents for import and export financings. Our access to this source of resources has been continuous, and funding occurs with rates and terms according to market conditions.
 Onlendings consist of funds borrowed for local onlending, in which we borrow from Brazilian governmental agencies and entities to make loans to Brazilian entities for investments in facilities, equipment and farming, among others.
 We conduct onlending transactions where we act as the transfer agent for development agency funds, granting credit to third parties, which are in turn funded by development organizations (BNDES, the International Bank for Reconstruction and Development or IBRD, and the Inter-American Development Bank or IDB), being the principal providers of these funds. The loan criteria, the decision to lend and the credit risk are our responsibility and subject to certain limitations set by the bodies supplying the funds. For more information on our onlending transactions, see “Item 4.B Business Overview – 4.B.30.01-02.02 Loans and advances to customers”.
 
5.B.20.04 Funds from securities issued
 Funds obtained from our issued securities originate mainly from the following operations:
 
Ø                       Financial notes: fixed income securities issued by us with the purpose of raising funds from individuals                   
        and legal entities in the long-term, given that they have a maturity exceeding two years. On the other hand, they offer investors better   
    profitability than other financial investments with daily liquidity or with a shorter period of maturity. They are divided into two modalities:
---------------------------------------------------------------------------------------------------------------------------------------------------

·   Simple: consists of the promise of payment in nominative, transferable cash. In this way, it can
                               be negotiated on the secondary market; and                           
----------------------------------------------------------------------------------------------------

152 – Form 20-F 2024 | Bradesco
-------------------------------

·                          Subordinated: with an initial investment and longer deadlines than the simple modality, it is used                      
    to reinforce our capital and, in the event of dissolution of the institution, the payment to investors shall be conditional