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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Significant Accounting Policies  
The main subsidiaries included in the consolidated financial statements are as follows:

The main subsidiaries included in the consolidated financial statements are as follows:

 

  Headquarters' location Activity Equity interest Total participation of the Voting Capital
On December 31, 2022 On December 31, 2021 On December 31, 2022 On December 31, 2021
Financial Sector – Brazil            
Ágora Corretora de Títulos e Valores Mobiliários S.A. São Paulo - Brazil Brokerage 100.00% 100.00% 100.00% 100.00%
Banco Bradescard S.A. São Paulo - Brazil Cards 100.00% 100.00% 100.00% 100.00%
Banco Bradesco BBI S.A. São Paulo - Brazil Investment bank 100.00% 100.00% 100.00% 100.00%
Banco Bradesco BERJ S.A. São Paulo - Brazil Banking 100.00% 100.00% 100.00% 100.00%
Banco Bradesco Financiamentos S.A. São Paulo - Brazil Banking 100.00% 100.00% 100.00% 100.00%
Banco Losango S.A. Banco Múltiplo Rio de Janeiro - Brazil Banking 100.00% 100.00% 100.00% 100.00%
Bradesco Administradora de Consórcios Ltda. São Paulo - Brazil Consortium management 100.00% 100.00% 100.00% 100.00%
Bradesco Leasing S.A. Arrendamento Mercantil São Paulo - Brazil Leases 100.00% 100.00% 100.00% 100.00%
Bradesco-Kirton Corretora de Câmbio S.A. São Paulo - Brazil Exchange Broker 99.97% 99.97% 99.97% 99.97%
Bradesco S.A. Corretora de Títulos e Valores Mobiliários São Paulo - Brazil Brokerage 100.00% 100.00% 100.00% 100.00%
BRAM - Bradesco Asset Management S.A. DTVM São Paulo - Brazil Asset management 100.00% 100.00% 100.00% 100.00%
Kirton Bank S.A. Banco Múltiplo São Paulo - Brazil Banking 100.00% 100.00% 100.00% 100.00%
Banco Digio S.A. (1) São Paulo - Brazil Digital Bank 100.00% 50.01% 100.00% 50.01%
Tempo Serviços Ltda. Minas Gerais - Brazil Services 100.00% 100.00% 100.00% 100.00%
Financial Sector – Overseas            
Banco Bradesco Europa S.A. (2) Luxembourg - Luxembourg Banking 100.00% 100.00% 100.00% 100.00%
Banco Bradesco S.A. Grand Cayman Branch (2) (3) Georgetown - Cayman Islands Banking 100.00% 100.00% 100.00% 100.00%
Banco Bradesco S.A. New York Branch (2) New York - United States Banking 100.00% 100.00% 100.00% 100.00%
Bradesco Securities, Inc. (2) New York - United States Brokerage 100.00% 100.00% 100.00% 100.00%
Bradesco Securities, UK. Limited (2) London - United Kingdom Brokerage 100.00% 100.00% 100.00% 100.00%
Bradesco Securities, Hong Kong Limited (2) Hong Kong - China Brokerage 100.00% 100.00% 100.00% 100.00%
Cidade Capital Markets Ltd. (2) Georgetown - Cayman Islands Banking 100.00% 100.00% 100.00% 100.00%
Bradescard México, sociedad de Responsabilidad Limitada (4) Jalisco - Mexico Cards 100.00% 100.00% 100.00% 100.00%
Bradesco Bac Florida Bank (5) Florida - United States Banking 100.00% 100.00% 100.00% 100.00%
Insurance, Pension Plan and Capitalization Bond Sector - In Brazil            
Atlântica Companhia de Seguros (6) Rio de Janeiro - Brazil Insurance - 100.00% - 100.00%
Bradesco Auto/RE Companhia de Seguros Rio de Janeiro - Brazil Insurance 100.00% 100.00% 100.00% 100.00%
Bradesco Capitalização S.A. São Paulo - Brazil Capitalization bonds 100.00% 100.00% 100.00% 100.00%
Bradesco Saúde S.A. Rio de Janeiro - Brazil Insurance/health 100.00% 100.00% 100.00% 100.00%

 

  Headquarters' location Activity Equity interest Total participation of the Voting Capital
On December 31, 2022 On December 31, 2021 On December 31, 2022 On December 31, 2021
Bradesco Seguros S.A. São Paulo - Brazil Insurance 99.96% 99.96% 99.96% 99.96%
Bradesco Vida e Previdência S.A. São Paulo - Brazil Pension plan/Insurance 100.00% 100.00% 100.00% 100.00%
Odontoprev S.A. (7) (8) São Paulo - Brazil Dental care 51.41% 50.01% 51.41% 50.01%
Insurance - Overseas            
Bradesco Argentina de Seguros S.A. (2) (7) Buenos Aires - Argentina Insurance 99.98% 99.98% 99.98% 99.98%
Other Activities - Brazil            
Andorra Holdings S.A. São Paulo - Brazil Holding 100.00% 100.00% 100.00% 100.00%
Bradseg Participações S.A. São Paulo - Brazil Holding 100.00% 100.00% 100.00% 100.00%
Bradescor Corretora de Seguros Ltda. São Paulo - Brazil Insurance Brokerage 100.00% 100.00% 100.00% 100.00%
BSP Empreendimentos Imobiliários S.A. São Paulo - Brazil Real estate 100.00% 100.00% 100.00% 100.00%
Cia. Securitizadora de Créditos Financeiros Rubi São Paulo - Brazil Credit acquisition 100.00% 100.00% 100.00% 100.00%
Nova Paiol Participações Ltda. São Paulo - Brazil Holding 100.00% 100.00% 100.00% 100.00%
Other Activities - Overseas            
Bradesco North America LLC (2) New York - United States Services 100.00% 100.00% 100.00% 100.00%
Investment Funds (9)            
Bradesco FI RF Credito Privado Master São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FI RF Máster II Previdência São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco Priv Performance FICFI RF Cred Priv PGBL/VGBL São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FI RF Cred Privado Master Premium São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FIC FI RF Cred. Priv. Premium PGBL/VGBL São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco Private PB FIC FI RF Cred. Priv.PGBL/VGBL São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FI RF Máster III Previdência São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FI Referenciado DI Master São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FI RF Máster Previdência São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%
Bradesco FIC FI RF Athenas PGBL/VGBL São Paulo - Brazil Investment Fund 100.00% 100.00% 100.00% 100.00%

(1) In February 2022, due to the acquisition of the 50% interest, Bradesco now holds 100% of the company's interest;

(2) The functional currency of these companies abroad is the Brazilian Real;

(3) The special purpose entity International Diversified Payment Rights Company is being consolidated. The company is part of a structure set up for the securitization of receivables received overseas;

(4) The functional currency of this company is the Mexican Peso;

(5) The functional currency of this company is the US Dollar;

(6) Company merged into Bradesco Auto R/E in May 2022;

(7) Accounting information used with date lag of up to 60 days;

(8) Increase in the percentage of interest related to the Split/Cancellation of Treasury Shares occurred in April 2022; and

(9) The investment funds over which Bradesco has control. The PGBL/VGBL funds are private pension funds.

Below are the provisional values of net assets acquired and goodwill in the acquisition of shares as preliminarily determined:

Below are the provisional values of net assets acquired and goodwill in the acquisition of shares as preliminarily determined:

 

  R$ thousands 
Payment to Kartra (Banco Digio's parent company) 645,060
Total cost of acquisition 645,060
- Fair value of net assets acquired (provisional amount) 288,007
- Goodwill in the acquisition of shares (1) 357,053

(1) There is no expectation that it will be deductible for tax purposes.

Below are the provisional amounts of assets and liabilities acquired on February 25, 2022:

Below are the provisional amounts of assets and liabilities acquired on February 25, 2022:

 

   

 

 

R$ thousands 
On February 25, 2022
Cash and due from banks 41,614
Financial instruments 3,044,628
Deferred income tax assets 398,493
Property and equipment 2,043
Intangible assets 237,251
Other assets 363,787
Total assets 4,087,816

 

 

 

 

R$ thousands 
On February 25, 2022
Deposits and other financial liabilities 3,268,274
Provisions 34,702
Deferred income tax liabilities 32,587
Other liabilities 176,124
Total liabilities 3,511,687
Fair value of net assets (provisional amount) 576,129
Fair value of net acquired (provisional amount) - 49.99% 288,007