Significant Growth in Recurring Net Income
Bradesco achieved a recurring net income of BRL 6.1 billion, marking a significant 28.6% growth year-over-year with an ROAE of 14.6%, an increase of 3.2 percentage points year-on-year.
Strong Revenue Growth
Total revenue reached BRL 34 billion, up 15.1% year-on-year and 5.2% quarter-on-quarter. Notably, fee and commission income grew over 10% year-on-year and 5% quarter-on-quarter.
Insurance Segment Performance
The Insurance segment saw growth of 6.5% quarter-on-quarter and 21.7% year-on-year, contributing positively to overall performance.
Loan Portfolio Expansion
The loan portfolio reached BRL 1.018 trillion, growing 1.3% quarter-on-quarter and 11.3% year-on-year, with notable growth in micro and SMEs at 25.2%.
Technological Advancements
Bradesco implemented Gen AI, improving productivity and operational efficiency by 94%, with increased delivery capacity and technological advancements.
Improved Efficiency
Operating expenses grew by only 5.8% year-over-year, close to inflation, despite significant investments in transformation and technology.