After closing 2025 with a profit of R$20.68 billionBanco do Brasil expects a very “challenging” year in 2026.
“The year 2025 was challenging and 2026 will be challenging. But it will be challenging within a challenge that we have already learned how to do”, said Tarciana Medeiros, executive president of the institution, during a conference call held with analysts, today (12), to present the bank’s results.
Later, in an interview, the president of Banco do Brasil spoke again about these challenges, which began to be faced in 2025, with the high default rates in agribusiness.
“We had two years of historical record results. But 2025 was a challenging year that presented a reduction in results compared to the previous year, which had been the highest result in the history of Banco do Brasil. We had atypical behavior in relation to agriculture. Agricultural defaults in 2025 grew by around 500% in relation to the historical average”, she said.
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Accounting rules
Last night (11), the bank announced that it had an adjusted net profit of R$20.685 billion in 2025, a drop of 45.4% compared to 2024. The new accounting rules and the increase in defaults, mainly in agribusiness, according to the institution, had an influence on this result. For 2026, the bank projects a certain growth, with an adjusted net profit between R$ 22 billion and R$ 26 billion.
One of the strategies for the year is to lead the payroll segment for the public sector and increase its participation in payroll loans for private sector workers.
“We have historical knowledge and historical skills regarding payroll loans: we have been operating since the day the line was launched. So, we will seek to further reinforce the bank’s leadership in payroll loans”, highlighted the BB president.
Credit Guarantee Fund
Last Tuesday (10), the board of the Credit Guarantee Fund (FGC) approved an emergency plan to restore cash after the financial impact caused by the liquidation of Banco Master. The measure was taken so that the fund – maintained by financial institutions to cover possible failures and liquidations – has liquidity compatible with the risks of the financial system.
Advance contribution
To replenish this fund, the board of directors of Banco do Brasil stated today that it will make an advance contribution of R$5 billion to recapitalize the FGC. To cover the hole caused by Banco Master, as the fund needed to be used to cover customers affected by the liquidation of Master, the banks decided to advance the equivalent of five years of future contributions to the FGC.
Banco do Brasil annually contributes around R$1 billion to the FGC, an amount that will now be brought forward in five years. According to the vice-president of Financial Management and Investor Relations at Banco do Brasil, Geovanne Tobias, this anticipation will only have a cash effect for the bank, with the money leaving the treasury and going to the FGC.
Extraordinary contribution
In addition to this advance contribution, said Tobias, the bank will make an extraordinary contribution of 50% of this amount, equivalent to around R$500 million per year. “I will increase my financial expenses by R$450 million to R$500 million more to contribute extraordinarily to the FGC”, stated the BB executive.
“It is important to have a solid FGC, but we are giving up revenue and the regulator is aware of this”, he argued.
For the president of Banco do Brasil, the FGC is insurance to protect investors, but it cannot be “used as a sales argument [de ativos]”.
“I think that 2025 and everything that happened this year bring a lot of lessons for adjusting legislation and adjusting regulations, if applicable,” she said.
“At that moment when we identified, the market identified and the regulator itself identified failures in one of the playerswe need to check exactly what these failures were and why they occurred and try to correct them. So, I believe that a lot of dialogue is needed between the agents in this process to reach the necessary adjustments so that this does not happen again”, he concluded.
