Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 248

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 248
---
, borrowings, onlendings and interbank deposits; and
 (2) Savings deposits and insurance technical provisions and pension plans are classified as up to 30 days, without considering average historical turnover.
 
5.B.80 Foreign exchange rate sensitivity
 Most of our operations are denominated in reais. Our policy is to avoid material foreign exchange rate mismatches. However, at any given time, we generally have outstanding long-term debt denominated in, and indexed to, foreign currencies, principally the U.S. dollar. As of December 31, 2024, our net foreign currency liability exposure, considering derivative financial instruments, was R$2,127 million, or 1.3% of shareholders’ equity. Consolidated net foreign currency exposure is the difference between total foreign currency-indexed or -denominated assets and total foreign currency-indexed or -denominated liabilities, including derivative financial instruments.
 In addition to our foreign currency long term debt, our foreign currency position arises mainly through our purchases and sales of foreign currencies (mainly U.S. dollars) from/to Brazilian exporters and importers, other financial institutions on the interbank market, and on the spot and forward currency markets. The Central Bank of Brazil regulates our maximum outstanding long and short foreign currency positions.
 As of December 31, 2024, the composition of our assets, liabilities and equity by currency and term was as set out in the table below. Our foreign currency assets are largely denominated in reais but are indexed to foreign currencies, principally the U.S. dollar. Most of our foreign currency liabilities are denominated in foreign currencies, principally the U.S. dollar.
  
159 – Form 20-F 2024 | Bradesco
-------------------------------

                     As of December 31, 2024                                           R$ in thousands, except %                   
-----------------------------------------------------------------------------------------------------------------------------------
R$                                                                  Foreign currency         Total   Foreign currency as %
                                                                                                                  of total
Assets                                                                                                                             
Cash and balances with banks                                             137,105,949     9,508,721             146,614,670     6.5%
Financial assets at fair value through profit or loss                    364,196,465     7,686,883             371,883,348     2.1%
Less than 1 year                                                          49,860,960     3,688,701              53,549,661     6.9%
From one to five years                                                   227,591,559     1,