Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 125

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 125
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 plan beneficiaries and retirees, to public servants and to the private sector.
 The average term of these loans is 61 months and interest rates range from 1.6% to 3.1% p.m., as of December 31, 2024.
 

·   Rural loans
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 The provision of loans and financing to the agribusiness sector is made available from the following resources:
 
Ø                     The demand deposit, due to the requirement by the Central Bank of Brazil for the investment of 30% of                   
    the Value Subject to Collection (VSR), which is called Obligatory Resources (RO), in the agribusiness sector, and which has interest rates
                         from 2.0% p.a. to 12.0% p.a. as per the rule of investment of the Manual of Rural Credit (MCR);                      
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Ø   Free, coming from the Bank’s Treasury for operations; and
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Ø               BNDES onlending and use of own resources equalized by the national treasury, which only covers the difference             
       between our funding cost plus the spread in relation to the rural product rate (subsidized rate), through lines directed to the    
    Agribusiness sector, destined for investments in equipment, machinery, infrastructure, recovery of pasture, etc., with a term of up to
                                                                  15 years.                                                               
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 The majority of loans have semiannual or annual payments with payment terms matched to periods of the harvest cycle. The guarantees are usually tied to the disposal/mortgage of property and machines, the latter valid for the financing of goods in addition to agricultural or livestock lien.
 

69 – Form 20-F 2024 | Bradesco
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Ø   Operations with limits
 
·   Credit card
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 We offer a comprehensive range of credit cards to our clients including Elo, American Express, Visa, MasterCard and private label cards, which stand out due to the extent of benefits and convenience offered to associates.
 We earn revenues from our credit card operations through:
 
Ø   exchange fees on purchases carried out in commercial establishments;
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Ø   annual fees;
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Ø   interest on credit card balances;
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Ø   interest and fees on cash withdrawals through Automated Teller Machine (ATMs); and
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Ø   interest on cash advances to cover future payments owed to establishments that accept credit cards.
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 We offer our clients a complete line of credit cards and