Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 143

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 143
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 operational risks that are beyond our control and may impact negatively on our operations
and make the delivery of products and services to our clients more difficult. Possible interruptions in the provision of our services
and difficulties in substituting certain suppliers/partners or other issues beyond our control arising from third party companies may
adversely affect our reputation, operating income, financial conditions, result of our operations and/or market value of our shares.

f)to its clients

We consider
a risk relating to “the clients” as a risk related to the “issuer”, as described in item “a” of this
section, which reads as “We may face an increase in our level of delinquency in the payment of loans, to the measure that our loans and advance payment portfolio matures”.

g)economic sectors in which the issuer operates

The government exercises influence over the Brazilian economy, and Brazilian political and economic conditions have a direct impact on our business.

Investing
in emerging market countries like Brazil brings economic risks. Economic volatility in Latin America and other emerging markets has been
caused by many different factors, including high interest rates, changes in currency value, high inflation levels, exchange rate controls,
wage and price controls, changes in economic or fiscal policies, imposition of trade barriers and internal security issues. Any of these
factors can adversely affect the value of our shares.

Abrupt
changes in monetary or fiscal policies, which are not justified by changes in the economic scenario, can generate uncertainties about
economic policy, leading to the deterioration of expectations, increasing the volatility and negatively impacting the prices of domestic
assets. In this sense, actions and signs of economic policy that are credible and transparent tend to maintain macroeconomic volatility
at low levels.

Historically,
the Brazilian’s political scenario has influenced the performance of the Brazilian economy and the political crises have affected
the confidence of investors and the general public, which has resulted in a deceleration in the economy and greater volatility in the
securities of Brazilian companies issued abroad, in the last years. Uncertainties about the economic policies, especially fiscal, can
generate negative impacts on the prices of domestic assets, such as the depreciation of the currency, elevation of long rates of interest
and stock exchange volatility.
Furthermore, uncertainties regarding the economic policies that the Brazilian government may adopt can influence the market's perception
of the risk of foreign investment in Brazil, which, in turn, can adversely affect the market value of our shares.

| 118 – Reference Form – 2024 |