Following the repercussions of investigations linked to alleged fraud involving Banco Master, the Banco de Brasília (BRB) stated, in a note, this Friday (21), that the institution remains solid.
In Federal Police investigations, BRB appears to be one of the main institutions that allegedly purchased false credits from Master.
“The current portfolios follow an appropriate standard, and the Bank remains solid and collaborating with the authorities”, guaranteed the institution.
In relation to business with Banco Master, BRB considered that the entire process of replacing portfolios and adding guarantees, which is provided for in the contract, was reported and monitored by the Central Bank.
The fraud
BRB acquired, according to investigations, a total of R$12.7 billion in non-existent credit portfolios from Master. Operation Compliance Zero, launched this week by the Federal Police (PF), pointed out that the fraud consisted of simulating loans in the midst of credit portfolio negotiations with other banks. Among them, BRB.
In the note, the bank stated that of the R$12.76 billion negotiated, more than R$10 billion had already been “liquidated or replaced”. “And the rest does not constitute direct exposure to Banco Master.” Banco de Brasília added that it acts as a creditor in this extrajudicial settlement and that started to strengthen internal controls.
To reaffirm the idea of solidity, BRB announced that it has more than R$80 billion in assets, more than R$60 billion in its credit portfolio and recorded a net profit of R$518 million in the 1st half of the year.” The institution would have recorded a financial margin of more than R$2.3 billion.
The institution added that it serves 97% of the national territory and has 988 physical points and leadership in real estate credit in the Federal District.
