Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 390

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 390
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 the international market, for the ADRs/GDRs traded in New York, USA, and Madrid, Spain.

  Reserves  

Capital reserves

The capital reserve consists mainly of
premiums paid by the shareholders upon subscription of shares. The capital reserve is used for (i) absorption of any losses in excess
of accumulated losses and revenue reserves, (ii) redemption, reimbursement of purchase of shares, (iii) redemption of founders’
shares, (iv) transfer to share capital, and (v) payment of dividends to preferred shares, when this privilege is granted to them.

Revenue reserves

In accordance with Corporate Legislation,
Bradesco and its Brazilian subsidiaries must allocate 5% of their annual corporate profit (as presented in the financial statements prepared
in accordance with accounting practices adopted in Brazil (BRGAAP), applicable to institutions authorized to operate by the Central Bank
of Brazil), after absorbing accumulated losses, to a legal reserve, the distribution of which is subject to certain limitations. The reserve
can be used to increase capital or absorb losses, but cannot be distributed in the form of dividends.

The Statutory Reserve aims to maintain
an operating margin that is compatible with the development of the Company’s active operations and may be formed by up to 100% of
net income remaining after statutory allocations if proposed by the Board of Executive Officers, approved by the Board of Directors and
ratified at the Shareholders’ Meeting, with the accumulated value limited to 95% of the Company’s paid-in capital share amount.

  Interest on equity/Dividends  

The distribution of income is calculated
on corporate income, as presented in the financial statements prepared in accordance with accounting practices adopted in Brazil (BRGAAP),
applicable to institutions authorized to operate by the Central Bank of Brazil.

At a meeting of the Board of Directors
on June 6, 2024, the Board of Directors approved the proposal for the payment of interest on shareholders' equity, related to the first
half of 2024, in the amount of R$4,000,000thousand, of which R$0.359141per common share and R$0.395055per preferred share, whose payment
occurred on January 31, 2025.

At a meeting of the Board of Directors
on September 19, 2024, the Board of Directors approved the proposal for the payment of interest on shareholders' equity, related to the
second half of 2024, in the amount of R