Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 408

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 408
---
 may also include bank guarantees.

Credit derivatives are bilateral contracts
in which one counterparty hedges credit risk on a financial instrument - its risk is transferred to the counterparty selling the
hedge. Normally, the latter is remunerated throughout the period of the transaction. In the case default by the borrower, the buying party
will receive a payment intended to compensate for the loss in the financial instrument. In this case, the seller receives the underlying
asset in exchange for said payment.

The table below shows the fair value of
guarantees of loans and advances to customers.

  Schedule of fair value of guarantees of loans and advances to customers                                                                                                                  
                                                                                       R$ thousands                                                                                        
                                                                               On December 31, 2024                                    On December 31, 2023                                
                                                                                     Book value (1)      Fair Value of Guarantees            Book value (1)      Fair Value of Guarantees  
  Companies                                                                             316,936,343                   177,693,556               269,421,350                   141,547,243  
  Stage 1                                                                               284,237,991                   167,357,458               230,134,580                   131,107,974  
  Stage 2                                                                                 6,946,383                     5,014,721                12,538,317                     4,806,138  
  Stage 3                                                                                25,751,969                     5,321,377                26,748,453                     5,633,131  
  Individuals                                                                           403,303,243                   278,052,177               360,265,349                   239,695,044  
  Stage 1                                                                               347,118,719                   248,932,254               298,686,536                   210,647,223  
  Stage 2                                                                                21,911,700                    18,284,746                22,711,786                    19,838,577  
  Stage 3                                                                                34,272,824                    10,835,177                38,867,027                     9,209,244  
  Total                                                                                 720,239,586                   455,745,733               629,686,699                   381,242,287  

  (1)      Of the total balance of loan operations, R$429,358,197 thousand (December 31, 2023 – R$