Banco de Brasília (BRB) missed the March 31 deadline to release its 2025 balance sheet, heightening uncertainty over billion-dollar losses from Banco Master operations. The delay, due to an ongoing forensic audit, marks the second consecutive miss and draws scrutiny from the Central Bank. Shareholders will vote on capital increase on April 22.
BRB failed to publish its 2025 financial statements by the March 31 deadline for publicly traded companies. In a relevant fact notice, the bank cited the need to complete a forensic audit on the 'Compliance Zero' operation investigating irregularities with Banco Master.
Estimates point to R$ 8.8 billion in provisions needed, per president Nelson de Souza, after acquiring R$ 12.2 billion in problematic or fraudulent credits. Some assets remain unrecovered, posing significant loss risks.
To rebuild capital, BRB seeks a R$ 4 billion loan from the Credit Guarantee Fund (FGC), backed by Caesb and CEB shares and District Federal real estate. A March shareholder assembly was canceled due to legal hurdles; a new one is set for April 22.
The Central Bank plans to demand explanations and a timeline, with daily fines up to R$ 50,000. CVM already imposes R$ 1,000 daily for the Q3 2025 delay. Risks include temporary special administration regime (Raet) or intervention.
The crisis contrasts recent expansion: from 131 to 1,042 service points by 2024, now retrenching with agency closures.
