Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 50

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 50
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 in conjunction with a resale commitment, made by
the counterpart, for settlement on a pre-established date.

Onlending of funds borrowed abroad

Financial
institutions and leasing companies are permitted to borrow foreign currency-denominated funds in the international markets (through direct
loans or the issuance of debt securities) in order to on-lend such funds in Brazil. These onlendings take the form of loans denominated
in reais but indexed to the U.S. dollar. The terms of the onlending transaction must reflect the terms of the original transaction. The
interest rate charged on the underlying foreign loan must also conform to international market practices. In addition to the original
cost of the transaction, the financial institution may charge onlending commission only.

Furthermore,
the amount of any loan in foreign currency should be limited to the sum of foreign transactions undertaken by the financial institution
to which loan funds are to be directed.

Foreign currency position

Operations
in Brazil involving the sale and purchase of foreign currency may be conducted only by institutions authorized by the Central Bank of
Brazil to operate in the foreign exchange market.

| 45 – Reference Form – 2024 |

| 1. Issuer’s activities |

Beginning
in 1999, the Central Bank of Brazil adopted a foreign exchange free float system, which gave rise to increased volatility. Since mid-2011,
the Brazilian real has depreciated against the U.S. dollar and the Central Bank of Brazil has intervened in the foreign exchange market
to control the foreign rate volatility.

The
Central Bank of Brazil does not impose limits on long positions in foreign exchange operations and short positions in foreign exchange
operations for banks authorized to operate in the foreign exchange market.

Standards
that address foreign exchange markets are frequently changed by CMN and the Central Bank of Brazil.

In December
2022, Law No. 14,286/21 entered into force, which deals with the Brazilian exchange market, the Brazilian capital abroad, the foreign
capital in the country and the provision of information to the Central Bank of Brazil with the aim of modernizing, simplifying and bringing
greater legal certainty regarding such matters, considering the best international standards and practices, as well as the insertion of
Brazil in the globalized economy. In view of this, CMN published CMN Resolutions No. 5,042/22 and No. 5,056/22, as well as the Central
Bank of Brazil published BCB Resolutions No. 277/22,