Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 228

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 228
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.B. Business Overview – 4.B.100 Selected Statistical Information – 4.B.100.01 Average balance sheet and interest rate data”.
 The following table breaks down the variation in our revenue from financial intermediation by segment, showing the impact of changes in the average volume of interest-earning assets; changes in average interest rates and the effects of the appreciation/(depreciation) of the real against the U.S. dollar, in each case comparing the years ended December 31, 2024 and 2023:
 
Banking                                                       Insurance, pension and capitalization bonds
2024/2023                                                                                                
Increase/(decrease)                                                                                      
Due to changes in average volume of interest-earning assets                                    14,990,341     3,999,350
Due to changes in average interest rates                                                      (9,950,319)   (7,078,776)
Due to Brazilian real appreciation/depreciation                                                   289,295         (142)
Non-interest gains / losses                                                                       293,765       465,321
Net change                                                                                      5,623,082   (2,614,247)

144 – Form 20-F 2024 | Bradesco
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Ø   Banking
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 The R$5,623 million, or 3.4%, increase in revenue from financial intermediation reflects the growth in the average volume of our business, which contributed R$14,990 million to our revenues, primarily due to, the increase in our loans and advances to financial institutions and customers. This increase was partially offset by the change in interest rates in Brazil, which decreased from an average of 13.25% in the year ended December 31, 2023 to 11.96% in the year ended December 31, 2024, reducing our revenues by R$9,950 billion.
 Revenue from financial intermediation from loans and advances to customers totaled R$113,951 million for the year ended December 31, 2024, growth of 13.2% compared to 2023, reflecting an increase of 8.8% in the average balance of these assets, increasing revenues by R$9,111 million.
 Revenue from financial intermediation from investments held to maturity totaled R$3,282 million for the year ended December 31, 2024, an increase of 0.5% compared to the year ended December 31,2023. This growth was driven by an increase of 9.3