The president of BRB (Bank of Brasília), Nelson de Souza, said this Tuesday (9) that the regional institution intends to publish its financial balance for 2025 by June 30th. The executive highlighted, however, that it is necessary to resolve some pending issues before publishing the document.
The bank needs an investment of R$8.8 billion to improve its financial health indexes, of which (Credit Guarantee Fund). Another R$2.2 billion will be contributed with resources that the GDF (Government of the Federal District) obtained with the securitization of active debt.
To conclude negotiations on this loan, the GDF awaits the approval of a bill by the Legislative Chamber of the Federal District. The expectation is that district deputies will analyze the text this Tuesday (9).
The proposal in progress ratifies what made it possible for the Government of the Federal District to obtain a loan from the FGC. If the credit is released, there will be a guarantee from a syndicate of S1 banks (banks with a size equal to or greater than 10% of GDP).
In addition to the loan, BRB is also awaiting the completion of an accounting audit. The opinion is necessary to review the work of the forensic audit on operations between the Master Bank and the regional institution. The forensic audit was carried out by an independent office and concluded its work on March 31.
“Disclosure will occur as soon as the independent audit procedures, accounting validation and regulatory procedures required by the applied standards are completed. Rest assured, the person most interested in disclosing the balance sheet is BRB itself, given the liquidity rush that is becoming more and more accentuated, given the non-disclosure of this balance sheet”, said Nelson.
The deadline for publishing the balance sheet was March 31st. The delay in disclosure harms the bank’s image, which had its rating downgraded by S&P Global.
The president of the BRB participated in a hearing held by the CAE (Economic Affairs Committee) of the Senate this Tuesday morning (9). After answering the senators’ questions, Nelson told journalists that there are more than 20 lawsuits being carried out against the institution’s employees for involvement in Master’s fraud.
