Project authorizes BRB to buy 49% of common shares and 100% of Banco Master’s preferred; Text goes to the sanction
The (Legislative Chamber of the Federal District) approved in this 3rd (19.2025) the PL (bill), which authorizes the (Bank of Brasilia) to buy the with 14 votes in favor and 7 against. The vote was performed in 2 shifts.
The text allows BRB to buy 49% of common shares and 100% of the Banco Master’s preferential shares. The approved version, however, removed excerpts from the original project that opened breach to generic authorizations of participation in other financial institutions, in Brazil and abroad.
The proposal now goes to the governor’s sanction (MDB). The operation also depends on the (Central Bank) endorsement.
According to BRB CEO, Paulo Henrique Costa, “With the revision of the business plan and the performance, there is an expectation of growth of the dividend results, which will be reversed in public policies”. He also stated that the purchase will allow the bank “Having more products and acting in other segments, which are available to people who live in the DF”.
Understand
BRB’s Board of Directors on March 28. The Bank of Brasilia acquired 49% of Banco Master’s common shares, 100% of preferred shares and 58% of the total capital of the financial institution.
The acquisition price is 75% of the consolidated equity of Banco Master, calculated according to the audited financial statements, adjusted by any assets or recognition of balance sheet.
According to BRB, the decision aims to incorporate the Master Bank to the BRB conglomerate and is a strategy for expanding and strengthening its position in the financial market.
BRB has been growing in 6 years. It had 650 thousand customers. Currently, it has 8 million. It started to offer services beyond the Federal District, which has 2.8 million inhabitants. Master has 10 million customers.
