Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 154

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 154
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 the portfolio itself, and which are not subject to the     
 limitation of their negotiability. Operations held with trading intent are those intended for resale, attainment of benefits from effective 
 or expected price variation, or for arbitration; and                                                                                        |

| · | Banking Portfolio: comprised by operations that are not classified in the Trading Portfolio from 
 the other business of the Organization and their respective hedges.                              |

Market Risk Measurement Models

The
measurement and control of market risk are made through the methodologies of Stress, Value at Risk (VaR), and Sensitivity Analysis, in
addition to the Results Management and Financial Exposure limits. The use of several methodologies for risk measurement and assessment
is important, because they are always complementary and their combined use allows you to capture various scenarios and situations.

Trading and Regulatory Portfolio

The
risks of the Trading Portfolio are mainly controlled by Stress and VaR. In the case of Stress, which aims to quantify the negative impact
of shocks and extreme economic events that are financially unfavorable to the positions of the Organization, the analysis uses stress
scenarios that are prepared by the area of Market Risk and Economic Area of the Organization from historical and prospective data for
the risk factors in which the Organization is positioned.

For
the calculation of VaR, the Delta-Normal methodology is adopted, with a 99% confidence level, and the applied horizon takes into account
the number of days taken to undo any existing exposure. The methodology is applied
to Trading and Regulatory Portfolios (Trading Portfolio positions plus exposure in foreign currency and commodities of the Banking Portfolio).
Additionally, for the measurement of all risk factors of the options portfolio, the models
of historic simulation and the Delta-Gamma-Vega are applied, whereby the most conservative between the two prevails. For the calculation
of the volatilities, correlations and historical returns, a window of at least 252 working days was adopted.

| 125 – Reference Form – 2024 |

| 4. Risk factors |

For
regulatory purposes, the need for capital, relating to Banking Portfolio shares, is realized through the evaluation of credit risk, as
determined by the Central Bank of Brazil, i.e., they are not included in the calculation of market risk.

Interest Rate Risk in the Banking Portfolio

The
measurement and control of the interest rate risk of the Banking Portfolio are mainly made from the Economic Value of Equity (EVE) and
Net Interest Income (NII) variation methodologies, which measures the economic impact on the positions and