Bradesco(BBD)2025-03-31 13:24Liquidity and Risk Management - Liquidity Coverage Ratio (LCR) ensures sufficient liquid instruments to cover net cash outflows in the next 30 days under stress scenarios[321]. - Net Stable Funding Ratio (NSFR) verifies structural funding sufficiency to finance long-term assets on the balance sheet[321]. - The company has established strategic and operational limits for liquidity risk management, approved by the Board of Directors and Executive Committee[320]. - The company has a cash flow projection process for the next 12 months, ensuring consistency and integrity of the database for liquidity management[319]. - Operational risk management includes monitoring for losses arising from internal process failures or external events[322]. - The company has a corporate crisis management process to identify and respond to incidents and crises, ensuring operational resilience[333]. Financial Performance - Total revenue from financial intermediation in the banking segment for 2024 was R164.1 billion in 2023[373]. - Net income for the banking segment in 2024 reached R6.0 billion in 2023, reflecting a significant growth[373]. - The company managed R552.7 billion managed through its subsidiary BEM DTVM, maintaining a strong position in asset management[374]. - The insurance segment generated total revenues of R240.07 billion in 2024, with 96.3% generated in Brazil and 3.7% from overseas operations[478]. Client Base and Market Position - The client base expanded to 73.2 million as of December 31, 2024, emphasizing the company's commitment to financial inclusion[375]. - As of December 31, 2024, Bradesco had 38.2 million account holders, including 36.4 million individuals and 1.8 million companies[400]. - The bank operates a segmented business structure to provide tailored services to clients, including Corporate, Large Corporate, and Ultra Corporate segments, targeting companies with annual revenues ranging from R5 billion[380]. - Bradesco Global Private Bank offers a differentiated portfolio of local and international investments, with exclusive services in Miami and Luxembourg[387]. - Bradesco Prime focuses on high-income clients, providing customized investment opportunities and a dedicated customer service model[390]. Innovation and Technology - The company conducted 56 Demodays and engaged over 27,000 people through more than 500 events for the innovation ecosystem[369]. - The company finalized 55 experiments in emerging technologies, including Generative AI and Quantum Computing, showcasing its focus on innovation[366]. - The company was recognized as one of the top 100 Corporate Startup Stars for best practices in open innovation[366]. - The company employs models for decision-making, financial reporting, and regulatory compliance, enhancing efficiency and reducing costs[340]. Loan and Credit Management - As of December 31, 2024, the total portfolio of loans and advances to customers reached R629,686,699 thousand in 2023, representing a growth of 14.4%[402]. - The net loans and advances to customers after expected credit losses were R579,501,819 thousand in 2023, indicating a year-over-year increase of 16.1%[402]. - The company disbursed R18.8 billion in 2024, up from R451.8 billion as of December 31, 2024, an increase from R659,218,034 thousand in 2023 to R1.2 trillion in shareholders' equity for investment funds under fiduciary management[469]. Corporate Governance and Compliance - The Bradesco Integrity Program includes measures to prevent, detect, and remedy acts of corruption and bribery, ensuring compliance with ethical standards[352]. - Cybersecurity risk management is in place to address potential cyber incidents that could compromise critical business processes[328]. - The company maintains relationships with approximately 806 correspondent banks abroad, with 81 offering credit/guarantee lines as of December 31, 2024[407].