Bank Bradesco (BSP:BBDC3) Credit Losses Provision : R$30,109 Mil (As of Mar. 2024)

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What is Bank Bradesco Credit Losses Provision?

Bank Bradesco's credit losses provision for the three months ended in Mar. 2024 was R$6,818 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was R$30,109 Mil.

Bank Bradesco's quarterly credit losses provision declined from Sep. 2023 (R$9,288 Mil) to Dec. 2023 (R$6,587 Mil) but then increased from Dec. 2023 (R$6,587 Mil) to Mar. 2024 (R$6,818 Mil).

Bank Bradesco's annual credit losses provision increased from Dec. 2021 (R$9,358 Mil) to Dec. 2022 (R$26,346 Mil) and increased from Dec. 2022 (R$26,346 Mil) to Dec. 2023 (R$30,177 Mil).

Bank Bradesco Credit Losses Provision Historical Data

The historical data trend for Bank Bradesco's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank Bradesco Credit Losses Provision Chart

Bank Bradesco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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12,532.13

18,711.84

9,358.23

26,346.07

30,176.99

Bank Bradesco Quarterly Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															6,885.62	7,416.87	9,287.51	6,587.00	6,817.64

Bank Bradesco Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$30,109 Mil.

Bank Bradesco (BSP:BBDC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Bradesco SA (BSP:BBDC3) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

BBDO:USA BBD:USA XBBDC:Spain BREC:Germany BBDC4:Brazil BBD:Argentina

Address

Cidade de Deus S/N, Vila Yara, Osasco, SP, BRA, 06029?900

Website

https://www.banco.bradesco/ri

Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.

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