The governor of the Federal District, Ibaneis Rocha, asked for a loan of R$4 billion from the Credit Guarantee Fund (FGC) to reinforce the capital of Banco de Brasília (BRB).
The request was formalized by letter sent to the fund and aims to guarantee the continuity of financial services, support public policies and preserve the institution’s liquidity.
The operation provides for a grace period of one year and six months, with payments made every six months. The remuneration must follow the CDI plus a spread, according to conditions to be defined by the FGC.
The model includes both capital reinforcement and a possible liquidity line, in a format still subject to adjustments between the parties.
Guarantees
To make credit viable, the Government of the Federal District proposed as guarantees shareholdings in public companies, such as Caesb (Companhia de Saneamento Ambiental do Distrito Federal), BRB (Banco de Brasília) and CEB (Companhia Energética de Brasília), in addition to nine public properties already authorized by law.
Part of these assets, however, faces questions. The area known as Serrinha do Paranoá, for example, had its use as a guarantee suspended by the local courts, but it is subject to appeal.
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Another point of controversy is Centrad, an administrative complex that has not been used for more than a decade and is involved in a legal dispute.
Purpose of the contribution
The Government of the Federal District classifies the operation as “structuring” and states that the objective is to recompose indicators required by banking regulation, such as the Basel Index, which measures the solidity of financial institutions.
Among the expected results are:
- expansion of the credit portfolio;
- infrastructure and housing financing;
- support for micro and small businesses;
- stimulus to the local economy and revenue.
The initiative takes place amid fiscal difficulties in the DF. The local government turns to the FGC after ending 2025 with a deficit of around R$1 billion and without the ability to obtain a guarantee from the National Treasury for new credit operations.
In the case of BRB, the situation is also pressured by losses associated with problematic assets and the need to increase provisions, estimated at billions of reais.
Negotiation
The process is still in its initial phase and depends on the FGC’s analysis regarding viability, risk and compliance with the fund’s rules.
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Palácio do Buriti reported that it is preparing documents such as a business plan, capital plan and financial diagnosis, in addition to a detailed proposal for guarantees and an implementation schedule.
The release of resources will depend on the assessment of the payment capacity and consistency of the assets offered.
Banco Master
Investigations indicate that BRB acquired R$12.2 billion in credits considered irregular from Banco Master. The institution claims, however, that it managed to recover part of these resources.
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Currently, the need for BRB provisions is around R$8.8 billion, but an independent forensic audit estimates a greater impact, of up to R$13.3 billion, related to operations with signs of lack of support.
The bank is also facing difficulties in publishing its 2025 results on time, until the end of this month, and the Central Bank has resisted granting an extension.
