Bradesco provisions $ 490 mm for Covid-19

Bradesco saw recurring net income shrink 39.8% in the first quarter of this year in the midst of the pandemic, which pushed the figure in the period to R$ 3.753 billion ($ 683 million) compared to the same period in 2019. R$ 2.7 billion ($ 490 million) in allowance for loan losses, made in the first quarter on account of Covid-19.

Source: Agencia Estado