Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 147

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 147
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 we may not be able to adjust the prices we charge from our clients to
offset the effects of inflation on our cost structure, which may adversely affect us and our operating income.

Inflation
decompression throughout 2023 led the Central Bank of Brazil to gradually begin the SELIC rate reduction, which extended until May 8,
2024, when the SELIC rate was reduced to 10.50%. However, the resilience of the economic activity, the tight labor market and the increase
of inflation expectations led the Central Bank of Brazil to start a new monetary tightening cycle on September 18, 2024. On December 31,
2024, the SELIC rate was 12.25% and on March 19, 2025, it was further increased, reaching 14.25%.

These
effects of persistent high inflation and policies to contain it may affect our costs and net interest income. If investor confidence lags,
the price of our shares may fall. Inflationary pressures may also affect our ability to access foreign financial markets as counter-inflationary
public policies may have an adverse effect on our business, financial condition, operating income and the market price of our shares.

| h) | regulation of sectors in which the issuer operates |

The Brazilian government regulates the operations of Brazilian financial institutions and insurance companies. Changes in existing laws and regulations or the imposition of new laws and regulations may negatively affect our operations and revenues.

Brazilian
banks and insurance companies are subject to extensive and continuous regulatory review by the Brazilian government. We have no control
over government regulations, which govern all facets of our operations, including the imposition of:

| · | minimum capital requirements; |

| · | compulsory deposit requirements; |

| · | investment limitations in fixed assets; |

| · | lending limits and other credit restrictions; |

| · | earmarked loan operations, such as housing loans and rural loans; |

| · | accounting and statistical requirements concerning our operations; |

| · | management of miscellaneous risks, including social, environmental and climate-related risks; |

| · | mandatory provisioning policies for regulatory reporting purposes; |

| · | limits and other restrictions on rates; and |

| · | limits on the amount of interest that banks can charge and the period for which they can capitalize on 
 interest.                                                                                              |

| 120 – Reference Form – 2024 |

| 4. Risk factors |

The
regulatory structure governing banks and insurance companies based in Brazil is continuously evolving. Existing laws and regulations could
be