Banco Bradesco reported recurring net income of BRL 5.9 billion for the first quarter of 2025, a 39% increase on the same period a year earlier and an 8.6% sequential improvement on the fourth quarter of 2024, the bank disclosed in its quarterly results filing. Bradesco is Brazil's second-largest private-sector bank.
Total revenue for the quarter was BRL 32.3 billion, up 15.3% year-on-year. Net interest income rose 13.7% year-on-year. The overall loan portfolio grew 12.9% year-on-year.
SME LENDING AND INSURANCE
The SME loan book grew 30% year-on-year. Bradesco said loan demand remained solid in the individuals and micro, small and medium-sized enterprise (MSME) segments, where it continues to prioritise lending backed by guarantees.
The insurance segment's return on average equity was 22.4%. Income from insurance, pension plans and capitalisation bonds grew 32.7% year-on-year to BRL 5.3 billion.
EFFICIENCY
The efficiency ratio for the quarter was 49.7%.
The results were published on Bradesco's investor relations platform.
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