Bradesco expects annual net interest income near lower end of BRL 42 billion–48 billion guidance
BBD•Banco Bradesco expects 2026 net interest income near the lower end of its BRL 42 billion–48 billion guidance range, citing credit-cost pressure. Fourth-quarter treasury income is expected to broadly match the third quarter, putting the annual total at around BRL 3 billion.
1. Outlook and credit costs
Banco Bradesco expects gross net interest income to rise further in the fourth quarter, after growing 14.2% year over year in the third quarter. Credit costs and delinquencies are expected to remain elevated; government-guaranteed FGI/FGO loans accounted for half of the quarterly 30-basis-point increase in delinquencies. The bank targets an operating efficiency ratio near 40% by the end of its transformation, with further savings expected over two to three years.
