The government of the Federal District informed, through a note, that a fund of investors presented, this Friday, the 10th, a proposal to acquire part of the assets that belonged to Banco Master and are with Banco de Brasília (BRB). The operation could reach R$15 billion, of which R$4 billion would be paid in cash. The remaining amount would be structured through financial instruments linked to the assets themselves.
“The proposal will be formally forwarded to the Central Bank of Brazil, responsible for technical and regulatory analysis”, the note, signed by governor Celina Leão (PP). “The governor highlights that the negotiation does not involve the contribution of public resources nor does it compromise the bank’s cash flow, being conducted with responsibility and focus on preserving the interests of the Federal District.”
BRB has been facing a series of difficulties due to the purchase of R$12.2 billion in fake credits from Master throughout 2025. The DF bank managed to exchange these non-existent portfolios for other assets, but there are doubts about their real value. Therefore, it must need to provision at least R$8 billion to cover expected losses.
The Central Bank itself has demanded that the DF government, BRB’s controller, make a contribution of resources to capitalize the bank, given the difficulties in terms of assets.
BRB should have published the 2025 balance sheet, with information about the hole left by its involvement with Master, on the 31st, but missed the deadline.
