As another alternative, the Government of the Federal District is studying funding through securitization of active debt
The (Banco de Brasília) is holding a general meeting of shareholders this Wednesday (April 22, 2026) to approve a capital increase. The measure is necessary to resolve problems of non-compliance with the (Central Bank) rules.
Alternatives involve a loan with the (Credit Guarantee Fund) and securitization of active debt.
The bank has already taken a step towards selling , which helps improve liquidity in the short term. However, it does not completely solve the problems.
The main strategy involves the GDF (Government of the Federal District), the bank’s controller, which is trying to raise up to R$6.6 billion. The amount would come from a loan from the FGC (Credit Guarantee Fund) and a group of banks, but negotiations have not yet progressed decisively.
DEBT SECURITIZATION
The possibility of using the DF’s active debt also gained strength. In this model, the GDF gathers tax credits to be received (such as back taxes), transforms these amounts into financial securities – through a fund or debentures – and sells them to investors.
With this, it is able to capture immediate resources and reduce the need for loans, although it gives up part of the amount that would only be received in the future.
However, there are doubts about the DF’s ability to contract without Union approval and the fact that the operation takes place close to the end of the mandate. This may transfer obligations to the next administration.
MORE DRASTIC MEASURES
The deadline considered to resolve the situation is May 29th. If there is no progress, more drastic measures could come into discussion, such as the privatization of the bank, rejected by the local government, or federalization, which does not currently have the support of the federal government.
