The board of directors of Caixa Econômica Federal met late this Monday afternoon (23) and discussed a package of measures to help BRB (Banco de Brasília).
The public bank would have decided to enter into negotiations after Banco de Brasília’s difficulty in obtaining one.
At the moment, the purchase by Caixa of BRB assets considered “of quality” is on the negotiating table – Master funds should not enter into this equation.
The possibilities will be presented to the Bank of Brasília on Tuesday (24), when presidents Nelson de Souza (BRB) and Carlos Vieira (Caixa) are expected to meet to debate the measures.
Caixa’s “help” would have been requested by BRB. However, the GDF (Government of the Federal District) would be resistant to any step beyond the purchase of assets.
The president of BRB has previously ruled out the possibility of federalizing the bank, at Caixa the talk is that this would be “a last step” if no other takes effect.
In addition to the possibility of Caixa purchasing BRB portfolios, the public bank is still studying entry into the “pool” of banks that could lend money to the DF or even become a partner in another GDF subsidiary.
Understand
The FGC loan was BRB’s main bet to deal with any losses caused by operations signed with Banco Master.
But, as revealed by the newspaper Economic Valuethe fund consolidated the credit offer with a joint contribution from other banks, which did not prove to be viable and, as a result, the proposal was not implemented.
Last week, the government of the Federal District — controller of BRB — sent a bill to the Legislative Chamber of the Federal District that authorizes capital contributions to BRB.
The legislative proposal authorizes the recomposition of share capital, as well as the making of equity contributions, in order to ensure the institution’s adequate capital structure.
“The execution of the proposal presented by the controlling shareholder will be in line with the rules of the National Monetary Council and the Central Bank. Future measures must also comply with the legislation applicable to financial institutions and the disposal of public assets, as well as the principles of legality, efficiency, economy, transparency and governance”, said the BRB in a note released on Saturday (21).
The project still needs to be approved by the CLDF (Legislative Chamber of the Federal District) to come into force. However, it is already facing resistance for proposing public areas in Brasília as collateral for loans.
