Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 33

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 33
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ITEM 3. KEY INFORMATION
3.A. [Reserved]
 
3.B. Capitalization and Indebtedness
 Not applicable.
 3.C. Reasons for the Offer and Use of Proceeds
 Not applicable.
 3.D. Risk Factors
 In light of the complexity of our business and the range of products and services offered to our clients in all segments of the market, we are exposed to various types of risks. In this section, we present the material risks that may affect our activities or our shares and ADSs.

6 – Form 20-F 2024 | Bradesco
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Summary of risk factors
 This section is intended to be a summary of more detailed discussions contained elsewhere in this annual report. The risks described below are not the only ones we face. Our business, operating results or financial condition could be harmed if any of these risks materialize.
 
Summary of risks relating to Brazil
 
·   The Brazilian government exercises influence over the Brazilian economy, and Brazilian political and economic
                                   conditions have a direct impact on our business.                              
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·   Persistent high inflation can affect our revenues and our ability to access foreign financial markets.
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·   Changes in the base interest rate (SELIC) by the Central Bank of Brazil may materially and/or adversely
                                   affect our margins and operating results.                               
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·   The low growth rate of the Brazilian economy may adversely affect us.
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·   Developments and the perception of risk in Brazil and other countries, especially emerging market countries,
           may adversely affect the market price of Brazilian securities, including our shares and ADSs.        
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·   Our investments in debt securities issued by the Brazilian government expose us to additional risks associated
                                                     with Brazil.                                                 
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·   Changes in taxes and other fiscal assessments may adversely affect us.
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·        Our financial and operating performance may be adversely affected by epidemics, natural disasters and     
    other catastrophes, such as the COVID-19 pandemic, which had a significant impact on our 2021 and 2020 results.
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·   Currency exchange rate variations may have an adverse effect on the Brazilian economy and on our results
                                            and financial condition.                                        
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·   Changes in international interest rates could adversely impact global economic or market conditions.
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·   Geopolitical conflicts and trade disputes may generate widespread uncertainties, significantly impacting
    business relationships, investor risk appetite and the price of certain assets, especially commodities. 
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