Director of the BC, Ailton de Aquino, says that resources were mainly directed to institutions considered large
The director of Inspection of the , Ailton de Aquino, said this Monday (May 25, 2026) that the resources linked to the Master conglomerate migrated mostly to larger banks after the extrajudicial liquidation of the group’s financial institutions.
During the presentation of the REF (Financial Stability Report), Aquino stated that the resources of the Master conglomerate’s clients were mainly directed to institutions classified as S1 and S2, categories that bring together the largest banks in the country and institutions of systemic relevance. According to him, the BC followed the movement “CPF by CPF and CNPJ by CNPJ”.
The liquidation of the conglomerate raised doubts about investors’ confidence in medium-sized banks and about the shock absorption capacity of the Brazilian banking system.
Aquino declared that the decision “it had no effect on the financial system” e that the Master conglomerate represented 0.1% of the total assets of the National Financial System, in a universe of R$17 trillion.
The REF shows that, from January 19 to February 27, 2026, the Credit Guarantee Fund paid R$37.7 billion to customers of Master, Master BI and Letsbank institutions, equivalent to 93.3% of the amount covered by the guarantee.
According to the Central Bank, around 55% of the reimbursed resources were directed to bonds issued by financial institutions.
The director of Economic Policy at the BC, Paulo Picchetti, stated that the quarterly financial stability survey shows the maintenance of high confidence in the Brazilian financial system, despite a “small fluctuation at the margin”. According to him, there were no responses indicating “little confidence” or “no trust”.
Picchetti declared that the main factors of concern highlighted by research participants are fiscal risks, the trajectory of public debt, the international scenario and the increase in debt of families and companies.
The BC also stated that the financial system remains resilient, despite the high interest rate environment and the increase in family defaults.
According to Aquino, banks maintain adequate provisions and sufficient capitalization to face adverse scenarios.
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