The president of the Central Bank, Gabriel Galípolo, stated this Thursday that BRB management has been committed to finding a solution to cover the gap left by transactions with Banco Master. He highlighted that these measures involve a solution to be presented by the institution’s shareholder, that is, the government of the Federal District.
— I have seen the efforts of BRB’s current management to try to resolve the issue and find a solution, which is an issue that is less in the hands of BRB’s actual management. Because today it is a question of equity and not of liquidity, which the bank has to resolve. And, being an equity issue, it involves a solution provided by the bank’s shareholder — said Galípolo, at a press conference, highlighting that the BC does not comment on a specific regulated entity.
Galípolo also said that, sometimes, there is an understanding that some things that involve supervision and the Central Bank have a “certain margin for negotiation”.
— And the truth is that things here are very demarcated by trails and things that need to be done based on events — he said.
According to BC rules, the bank needs to deliver by March 31, together with the 2025 balance sheet, a concrete solution to the problems generated by the probable losses with the assets received from Master in replacement of the R$12.2 billion in credit portfolios suspected of fraud.
The regulator estimated a hole of at least R$5 billion in the institution’s balance sheet, while the BRB already foresees a resource reserve (provision) of R$8.8 billion and the need for a contribution of R$6.6 billion from the controller.
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Otherwise, it should be subject to sanctions from the BC. The bank has no longer delivered its balance sheet for the third quarter of 2025, which should have occurred last year.
— I’m sure that management is very concerned about being able to publish the balance sheet as quickly as possible, because not providing this type of information to the market is never seen in a positive way. I am aware of this and I am aware that this is a board that moves with additional constraints, which are the constraints typical of those in the public sector. It has to go through different decision-making bodies in the process — he considered.
