Financial institutions will advance contributions to the guarantee fund after payments linked to the liquidation of Banco Master
The banks that are part of the financial system will make an extra contribution of R$32.5 billion to the FGC (Credit Guarantee Fund) until March 25, 2026.
The decision was approved by the fund’s board of directors to reinforce the entity’s cash flow after payments related to the liquidation of Banco Master.
According to the FGC, the resources will come from the advance of ordinary contributions from financial institutions.
The measure seeks to strengthen the financial capacity of the FGC to fulfill the obligations set out in law and in the entity’s statutes. The fund works as a protection mechanism for depositors and investors in the financial system in cases of bank liquidation.
The reinforcement occurs after the fund makes payments related to Banco Master. Approximately R$38.4 billion has already been disbursed in guarantees to creditors of the financial conglomerate. The value corresponds to around 94% of the total estimated compensation.
According to the FGC, approximately 675 thousand creditors have already received the amounts, equivalent to 87% of the total expected beneficiaries.
The fund’s board approved the anticipation of contributions days after the BC (Central Bank) authorized financial institutions to deduct the amounts contributed to the FGC from compulsory collection.
The measure could release approximately R$30 billion in liquidity for banks throughout 2026.
The plan approved by the fund provides for the anticipation of future contributions from associated institutions to rebuild the FGC’s assets after expenses related to the liquidation of Banco Master. The set of measures can represent up to 7 years of advance contributions to the fund.
