Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 2

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 2
---
 suspension with the CVM
within five days of the shareholders’ meeting. The income not distributed due to the suspension must be allocated to a special
reserve. If not absorbed by subsequent losses, the amounts in the reserve must be paid as dividends as soon as our financial situation
permits.

  199 – Form 20-F 2024 | Bradesco  

  Table of Contents  

Preferred shareholders are
entitled to receive dividends per share up to an amount 10.0% greater than the dividends per share paid to the common shareholders.

Our Board of Executive Officers,
subject to the approval of our Board of Directors, may distribute dividends based on the profits reported in the interim financial statements.
The value of the distributed interim dividends may not exceed the value of the capital reserves. Our Board of Executive Officers determines
the value of interim dividends to be distributed based on either previously accrued profits or retained earnings.

Under Brazilian law, we
must prepare financial statements according to BR GAAP on a quarterly and annual basis, and according to IFRS
Accounting Standardson an annual basis. Our Board of Executive Officers, with approval of the Board of Directors, may distribute
dividends based on the profits reported in interim financial statements. Our Bylaws provide for the payment of interim dividends, which
cannot exceed the amount of our retained earnings or our profit reserves contained in our last, annual or bi-annual financial statements.
Our Board of Executive Officers bases the amount of the interim dividends on previously accrued or retained earnings.

In the context of the implementation
of the requirements of the Basel III Accord in Brazilian banks, CMN Resolution No. 4,958/21 was issued, as amended, determining that the
financial institution that is not meeting the additional equity requirements will be subject to suffering restrictions issued by the Central
Bank of Brazil, which may include (i) the distribution of dividends and interest on shareholders’ equity and (ii) the payment of
dividends and interest on shareholders’ equity. The restrictions applied to each activity mentioned above correspond to the following
percentages of the amount to be paid, as follows: (i) 100% if the value considered for the verification of sufficiency of the ACP is less
than 25% on the distributions; (ii) 80% if the value considered for the verification of sufficiency of the ACP is greater than or equal
to 25% and less than 50% of the distributions; (iii) 60% if the value