The (Central Bank) decreed this Tuesday (18.Nov.2025) the extrajudicial liquidation of . The decision comes 1 day after the institution made it together with a consortium of investors from the United Arab Emirates. The acquisition still needed to be approved by the responsible entities.
The BC’s decision was published on the same day that the (Federal Police) launched the . The founder of Banco Master, Daniel Vorcaro, .
The PF’s action, launched this Tuesday morning (Nov 18), aims to combat the issuance of false credit securities by financial institutions that are part of the (National Financial System).
The settlement was decided through a BC, and communicated to financial institutions and stock exchanges by the (Department of Resolution and Sanctioning Action). Read act no. 1,373 of the BC president (PDF – 139 kB) and the statement (PDF – 239 kB).
In the decision, Galípolo appoints EFB Regimes Especiais de Empresas as liquidator, granting broad administration and liquidation powers.
Extrajudicial liquidation is a resolution regime that interrupts the operation of an institution and promotes its withdrawal from the SFN. It is adopted when irrecoverable insolvency occurs or when institutions commit serious violations of regulatory standards.
In September, the BC purchased 49% of the common shares and 100% of the preferred shares of Master by (Banco de Brasília). The Brasilia public bank requested acquisition on March 28th.
The agreement established that BRB would have effective control even without having a majority shareholding. The current owners of Master would thus lose their political powers and their participation in management.
The BC’s denial came after the operation had already been carried out, in June, by the (Administrative Council for Economic Defense), and by the (Legislative Chamber of the Federal District), in August.
