Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 216

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 216
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-bearing liabilities also affect our interest income and interest expense. For example, an increase in our interest income attributable to an increase in interest rates may be offset by a decrease in the volume of our outstanding loans.
 In addition, when the real appreciates, we incur: (i) gains on our liabilities denominated in, or indexed to, foreign currencies, such as our U.S. dollar-denominated long-term debt and foreign currency loans, as the cost in reais of the related interest expense decreases; and (ii) losses on our assets denominated in, or indexed to, foreign currencies, such as our U.S. dollar-indexed securities and loans and advances, as the income from such assets as measured in reais decreases. Conversely, when the real depreciates, we incur: (i) losses on our liabilities denominated in, or indexed to, foreign currencies; and (ii) gains on our assets denominated in, or indexed to, foreign currencies.
 In the year ended December 31, 2024, our net interest income increased by 22.5% compared to the year ended December 31, 2023, to R$67.455 billion in(from R$55.082 billion ), reflecting lower interest rates and decreased expenses with time deposits, insurance contract liabilities and securities sold under agreements to repurchase.
  
135 – Form 20-F 2024 | Bradesco
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The following tables show our foreign currency-denominated or indexed assets and liabilities as of the dates indicated:
 
                                As of December 31,                                               R$ in thousands            
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2024                                                                                        2023          2022
Assets                                                                                                                      
Cash and balances with banks                                                           9,508,721     5,754,226     8,478,739
Financial assets at fair value through profit or loss                                  7,686,883    11,402,529    11,829,562
Financial assets at fair value through other comprehensive income                     19,688,426    12,527,248    23,029,523
Financial assets at amortized cost                                                       647,502       844,012       452,949
Loans and advances to financial institutions, net of provision for expected losses     1,981,802     3,623,146       880,857
Loans and advances to customers, net of provision for expected losses                 60,657,018    36,164,900