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Banco de Brasília (BRB) decided to fully sell the portfolio acquired from Banco Master, valued at R$21.9 billion, after determining the provisioning of R$2.6 billion related to suspected fraud.
Banco de Brasília Headquarters (BRB/ Photo: Reproduction
The president of Nelson Antônio de Souza informed that the institution will personally negotiate the assets with potential buyers this Wednesday (4). The package includes wholesale wallets, individuals and funds.
Among the assets offered for sale is land located in a valued area, acquired from Banco Master. The operation will be conducted by BRB Distribuidora de Títulos e Valores Mobiliários SA (BRB DTVM).
According to Souza, the decision is part of a set of measures to preserve the institution’s liquidity, capital and transparency. “The bank is taking all measures to strengthen and preserve the resources of customers and the controller,” he stated.
The president also declared that BRB has been undergoing an administrative reorganization process since his inauguration, which took place in November, following the launch of Operation Compliance Zero.
In parallel with the sale of assets, the bank prepares a capitalization plan that includes the creation of a Real Estate Investment Fund (FII) and the contracting of a loan from the Credit Guarantee Fund (FGC).
According to the BRB, if the sale of the assets is completed, no contribution from the public controller will be required, a hypothesis that has also been analyzed.
The Central Bank ordered BRB to make a provision of R$2.6 billion to cover possible fraud in portfolios acquired from Banco Master.
In , BRB reported that it had already liquidated or replaced R$10 billion of the R$12 billion paid for portfolios considered suspected of non-existence. The case is investigated by the Federal Police as part of Operation Compliance Zero.
With information Metropolises
