Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 237

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 237
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 of funding is deposits from Brazilian individuals and businesses. As of December 31, 2024, our deposits totaled R$648.8 billion, representing 34.1% of our total liabilities.
 We provide the following types of deposit and registration accounts:
 
·   checking accounts;
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·   savings accounts;
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·   time deposits;
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·   interbank deposits from financial institutions;
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·   accounts for salary purposes; and
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·   accounts for payment of the INSS benefit.
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 For additional information regarding our deposits, see “Item 4.B. Business Overview – 4.B.100 Selected Statistical Information – 4.B.100.01 Average balance sheet and interest rate data”.
 

151 – Form 20-F 2024 | Bradesco
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5.B.20.02 Securities sold under agreements to repurchase
 Securities sold under agreements to repurchase consist mainly of funding we obtained from banks in the market by selling securities with agreements to repurchase.
 The majority of these financial assets subject to repurchase agreements are guaranteed by Brazilian government securities. This type of transaction is generally short-term (normally intraday or overnight) and is volatile in terms of volume, as it is directly impacted by market liquidity. We believe that the risks associated with these transactions is low, given the quality of the collateral assets. In addition, repurchase transactions are subject to operating limits of capital based on the equity of the financial institution, adjusted in accordance with Central Bank of Brazil regulations. A financial institution may only make repurchase transactions at a value of up to 30 times its Regulatory Equity (RE), a limit we comply with. The limits on repurchase transactions involve securities issued by Brazilian government authorities and vary according to the type of security involved in the transaction, and the perceived risk of the issuer as established by the Central Bank of Brazil.
 The following table summarizes our funding with repurchase agreements for the periods indicated:
 
                 As of December 31,                           R$ in thousands, except %       
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2024                                                          2023          2022
Securities sold under agreements to repurchase                                                
Amount outstanding on December 31                      283,049,765   272,404,788   222,694,031
Maximum amount outstanding during the period           294,603,814   272,404,788   254,709,675
Weighted average interest rate at period end                 11.6%         11.