Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 421

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 421
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 can be derived principally from or corroborated by observable market data, including but
not limited to yield curves, interest rates, volatilities, equity or debt prices and foreign exchange rates.

  Level 3  

Valuation uses unobservable inputs that
are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets
and liabilities normally include financial instruments whose value is determined using pricing models, discounted cash flow methodologies,
or similar techniques, as well as instruments for which the determination of fair value requires significant Management judgment or estimation.
This category generally includes certain corporate and bank debt securities and certain derivative contracts. The main non-observable
data used in the determination of the fair value are the credit spreads that vary between 3% and 20%.

To fair value securities which have no
consistent, regulatory updated, public price source, Bradesco uses models defined by the mark-to-market Commission and documented in the
mark-to-mark manual for each security type. Through the use of methods and both mathematical and financial models which capture the effects
and variations in the prices of financial assets classified as fair value, Bradesco is able to ascertain in a clear and consistent manner
the determination of fair value of its Level 3 assets and liabilities.

The tables below present the composition
of the financial assets and liabilities measured at fair value, classified using the hierarchical levels:

  Schedule of financial assets and liabilities measured at fair value                                                                                 
                                                                                   R$ thousands                                                       
                                                                           On December 31, 2024                                                       
                                                                                        Level 1      Level 2           Level 3            Fair Value  
  Financial assets at fair value through profit or loss                             308,064,812      41,731,862        2,251,689         352,048,363  
  Brazilian government bonds                                                        263,224,363      -                 -                 263,224,363  
  Corporate debt and marketable equity securities                                    30,626,530      8,759,461         2,251,689          41,637,680  
  Bank debt securities                                                                4,010,896      32,972,401        -                  36,983,297  
  Mutual funds                                                                        9,368,468      -                 -                   9,368,468  
  Foreign government securities                                                         468,521      -                 -                     468,521  
  Brazilian government bonds issued abroad                                              366,