Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 224

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 224
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 14.4%, to R$720,240 million in the year ended December 31, 2024 from R$629,687 million in the year ended December 31, 2023, reflecting an increasing number of transactions with: (i) legal entities, which increased by 17.6% compared to 2023, primarily due to: (a) a 26.5% increase in financing and transfers (including import/export financing, real estate, vehicles, BNDES/Finame transfers and leasing), and (b) a 12.4% increase in loans (including working capital, rural loans and others); and (ii) individuals, which saw an 11.9% increase compared to 2023, primarily due to: (a) a 14.0% increase in loans (including personal payroll-deductible loans, personal and rural loans), and (b) a 13.4% increase in financing and transfers (including real estate and vehicle financing, BNDES/Finame transfers and others).
 
Ø  Personnel expenses

Our personnel expenses for the year ended December 31, 2024 increased by R$1,463 million, or 7.0%, compared to year ended December 31, 2023, as a result of increased expenses with payroll and social security charges of 6.9% and benefits of 4.7%, reflecting the annual collective bargaining agreement that takes effect from September each year, resulting in a 4.64% increase in salaries and benefits for2024 (compared to 4.58% in 2023). Additionally, the increase in performance-related remuneration expenses was driven by the profit growth during the period.
 

141 – Form 20-F 2024 | Bradesco
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Ø   Income tax and social contribution
 The following table reflects, on a consolidated basis, the breakdown of our income tax and social contribution charges:
 
                              Consolidated                                 R$ in thousands, except % 
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2024                                                                              2023
Income before income tax and social contribution                            16,900,514     10,208,351
Total burden of income tax and social contribution at the current rates    (7,605,231)    (4,593,758)
Effect of additions and exclusions in the tax calculation:                                           
Earnings (losses) of associates and joint ventures                             689,213        945,756
Interest on shareholders’ equity