Itaú Unibanco reported on Wednesday (April 15, 2026) that one of its subsidiaries “signed an instrument through which he committed to acquire” assets of BRB (Banco de Brasília).
“Nevertheless, the amounts involved in said transaction are immaterial to the Company, according to its criteria, which is why such transaction does not qualify as a ‘material fact’ for Itaú Unibanco for the purposes of legislation”says the statement, signed by the bank’s Investor Relations director, Gustavo Lopes Rodrigues.
In the statement ( – PDF – 212 kB), Itaú did not inform values or provide details of the agreement.
The bank released the note in response to a question made by the CVM (Securities Commission), regarding news published by the newspaper Correio Braziliense.
In the report, the publication says that banker André Esteves, from BTG, declared at an event in São Paulo that he would be evaluating the acquisition of BRB assets and that Itaú Unibanco and Bradesco “they have already negotiated with BRB R$1 billion in portfolios of loan contracts granted by States and municipalities with Union endorsement”.
Crise no BRB
BRB is facing a crisis after the purchase of Banco Master portfolios, an operation that resulted in strong asset deterioration. According to the bank, it will be necessary to provision (reserve) around R$8.8 billion. However, an independent forensic audit spoke of the need for R$13 billion.
The financial institution itself reported that the assets acquired from Master considered healthy are valued at R$21.9 billion.
On the 10th, the governor of the Federal District, (PP), announced that an investment fund presented a proposal of R$ 15 billion to acquire part of the assets of Banco Master that were incorporated by BRB.
According to the local government, the operation still depends on technical and regulatory approval from the BC (Central Bank). In a note, the government of the Federal District declared that the negotiation does not involve the use of public resources nor does it compromise the bank’s cash flow, mentioning that the process “seeks to preserve the interests of the DF”.
This text was originally published by at 7:57 pm on April 15, 2026. The content is free for republication, the source is cited, and has been adapted to the Poder360.
