Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 234

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 234
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 unexpected macroeconomic changes.
 In addition, we receive daily reports on our mismatched and open positions, while our Asset and Liability Management and Treasury Executive Committee assesses our risk position every two weeks.
 
5.B.20 Liquidity and funding
 We have policies, procedures, metrics and limits in place aimed at controlling liquidity risks. We believe that the components of our Liquidity Coverage Ratio and Net Stable Funding Ratio (LCR and NSFR, respectively) are in line with best market practices as well as Basel III requirements. As of December 31, 2024, the LCR and NSFR indicators were 141.1% and 121.2%, respectively. For further information on Basel III, see “Item 5.B.40 Capital Compliance – Basel III”.
 The Treasury area acts as a support center for our different business segments by managing our funding and liquidity positions and executing our investment objectives in accordance with our asset and liability management policies. We are also responsible for setting rates for our different products, including foreign exchange and interbank transactions. The Treasury area covers any funding shortfall by borrowing in the interbank market. It seeks to maximize the efficient use of our deposit base by investing any surpluses in liquid instruments in the interbank market.

149 – Form 20-F 2024 | Bradesco
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We have used our excess liquidity to invest in Brazilian government securities and expect to continue doing so, subject to regulatory requirements and investment considerations. Our principal sources of funding are:
 
·                  demand, savings, and time deposits, as well as interbank deposits, representing 33.9% of the average               
    balance of liabilities in the year ended December 31, 2024, compared to 35.4% in the year ended December 31, 2023 and 35.7% in the
                                                    year ended December 31, 2022; and                                                 
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·                     securities sold under agreements to repurchase, borrowings and onlendings, funds from securities                 
       issued and subordinated debt, part of which is denominated in foreign currencies, representing 35.4% of the average balance of  
    liabilities for the year ended December 31, 2024, compared to 34.4% in the year ended December 31, 2023 and 33.2% in the year ended
                                                             December 31, 2022.                                                        
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 Our capital markets operations are a source of funding through our transactions