The Banco Regional de Brasília (BRB) sold R$ 5 billion in assets to restore liquidity, affected by the alleged crime involving Banco Master. The institution submitted a plan to the Central Bank to bolster capital over the next 180 days. The case remains under investigation, with estimated billions in losses for pension funds and clients.
The Banco Regional de Brasília (BRB) announced the sale of R$ 5 billion in its own assets to mitigate liquidity issues stemming from the extrajudicial liquidation of Banco Master in November 2025. According to sources, the assets include payroll loan portfolios, wholesale credits, and real estate financing, all described as healthy and generated by BRB itself. The transaction was confirmed by the institution, which avoided further details.
The Master scandal involves suspicions of financial fraud after BRB acquired credit portfolios from the liquidated bank at inflated prices – previously bought by Master for less than half the value and paid in cash without settling the original purchase. This caused a hole in BRB's finances, worsened by false news about an ultimatum from Finance Minister Fernando Haddad for a capital injection from the Federal District.
Additionally, BRB is negotiating with four market players the sale of the portfolio acquired from Master. In January, the bank presented to the Central Bank a capital replenishment plan, with options including creating a real estate fund with government assets, a loan from the Credit Guarantor Fund (FGC), or direct contributions from controllers. The FGC is set to reimburse Master clients for about R$ 47 billion, but pension funds like Rioprevidência (potential R$ 1 billion loss) lack such coverage.
Police Federal investigations continue, with recent arrests such as that of the former Rioprevidência president, and political ramifications, including ties to STF ministers like Dias Toffoli and Alexandre de Moraes. At least 100 pension institutes invested in Master funds like DeathCare, exposing risks to public servants' retirement rights.
