Balance sheet shows that fund ended 2025 with R$123.2 billion after reimbursing bank customers and related institutions
The (Credit Guarantee Fund) ended 2025 with a net worth of R$123.2 billion. The value represents a drop of 12.25% compared to R$140.4 billion in 2024.
The decrease of R$17.1 billion in the fund’s assets is the result of the amount allocated to reimburse Banco Master customers after the liquidation of a series of financial institutions.
The data is included in the balance sheet released by the FGC this Tuesday (April 28, 2026). Here’s (PDF – 14.3 kB).
The fund raises resources from associated banks for the financial system. The FGC returns up to R$250,000, per CPF or CNPJ, invested in a liquidated financial institution. Coverage applies to current accounts, savings accounts, CDB, RDB, LCI, LCA and LCD.
The Master case left members of the fund with 60 months of contributions, paid at the end of March. The FGC received R$32.2 billion, leaving net assets at R$118.5 billion at the end of the 1st quarter of 2026.
MASS SETTLEMENTS
Master and Letsbank cost the fund R$40.6 billion. Although payment began in January, the FGC provisioned the cost at the end of 2025. linked to Master, they took R$11.2 billion from the reserve.
The total provisioned amounts to R$51.8 billion. Of this amount, R$49 billion has already been paid to customers of these institutions. The remaining amount has not yet been paid because it depends on the registration of creditors on FGC platforms.
HIGHER CONTRIBUTION DID NOT PREVENT DEFICIT
Contributions from associated institutions reached R$6.3 billion in 2025 – up from R$5.7 billion in 2024.
The financial result of the fund’s investments reached R$21.8 billion, more than double the previous figure (R$10.8 billion). Profitability reached 99.39% of Selic average for the period.
