Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 210

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 210
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 and made to subsidiaries of Brazilian companies through our Cayman branch. These loans represented, on average, 2.4% of our total assets over the last three years (this percentage is calculated as the average of the year-end balances for the last three years of cross-border loans and advances to customers, divided by the average of the last three years of the total assets). We believe that there are no significant cross-border risks in these transactions, since a substantial part of the related credit risk is guaranteed by the borrower’s parent company in Brazil. The remainder of our outstanding cross-border transactions mainly includes investments in securities, which represented, on average, 1.5% of our total assets over the last three years (this percentage is calculated as the average of the year-end balances for the last three years of cross-border investments in securities, divided by the average of the last three years of the total assets).
 

Ø   Indexation
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 The majority of our portfolio of loans and advances is denominated in reais. However, part of our portfolio of loans and advances is indexed or denominated in foreign currencies, predominantly the U.S. dollar. Our loans and advances indexed to, and denominated in, foreign currency, consist of onlending of Eurobonds and export and import financing, and represented 8.4% in 2024, 5.7% in 2023 and 6.4% in 2022, of our portfolio of loans and advances. In many cases, our clients hold derivative instruments to minimize foreign exchange rate variation risk.
  
130 – Form 20-F 2024 | Bradesco
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Ø   4.B.100.06 Expected credit losses on loans and advances
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 The following table shows the movement of the allocation for expected credit losses of loans and advances for the periods indicated. We did not identify material changes in the ratios between the years ended December 31, 2024, 2023 and 2022.
 
         As of December 31,                                                                                                                                                                                                                                                                                                                       R$ in thousands, except %                                                                                                                                                                                                                                                                                                           
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2024                                                                                                                                                                                                                                                                                                                                                                                                                                              2023                                                                                                                                                                                                                     2022
Write-offs, Net of Recoveries          % Net write-offs / average balance of Loans and Advances to Customers   Expected credit losses for loans and advances   % Expected Credit Loss / Total Loans and Advances to Customers   Write-offs, Net of Recoveries   % Net write-offs / average