Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 128

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 128
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 to impose, even temporarily,
a more costly tax treatment of our commercial activities, which can adversely affect our business and operating income.

We cannot
guarantee the future impacts or measures that may be adopted if there is a pandemic or other outbreak of other transmissible diseases,
nor the accuracy of our assessment of the actual and potential impacts or the extent of losses resulting from such pandemics or other
transmissible diseases, that could impact our operations
and financial situation. In addition, our operations can be negatively impacted by the emergence of new strains of the coronavirus and
setbacks in the implementation of vaccination programs or measures necessary to contain other transmissible diseases.

| 109 – Reference Form – 2024 |

| 4. Risk factors |

We cannot
guarantee that other regional and/or global outbreaks may not occur and, if they occur, we cannot guarantee that we will be able to take
the necessary steps to avoid a negative impact on our business and financial income.

Adverse conditions in the credit and capital global markets, just like the value and/or perception of value of Brazilian government securities, may adversely affect our ability to access funding in a cost effective and/or timely manner.

Volatility
and uncertainties in the credit and capital global markets have generally decreased liquidity, with increased costs of funding for financial
institutions. These conditions may impact our ability to replace, in a cost effective and/or timely manner, maturing liabilities and/or
access funding to execute our growth strategy.

Part
of our funding originates from repurchase agreements for sales (repo operations), which are largely guaranteed by Brazilian government
securities. These types of transactions are generally short-term and volatile in terms of volume, as they are directly impacted by market
liquidity. As these transactions are typically guaranteed by Brazilian government securities, the value and/or perception of value of
the Brazilian government securities may be significant, affecting the availability of funds. For example, if the quality of the Brazilian
government securities used as collateral is adversely affected, due to the worsening of the credit risk of the Brazilian government, the
cost of these transactions can increase, making this source of funding inefficient for us.

If the
market decreases, which could cause a reduction in volume, or if there is increased collateral credit risk and we are forced to take and/or
pay unattractive interest rates, our financial condition and the results of our operations may be adversely affected.

The increasingly competitive environment in the Brazilian banking and insurance segments may have a negative impact on our business prospects.

The