Finance

Brazil Deposit Guarantor Holds Off on BRB Loan Amid Banco Master Risk

A Banco de Brasilia bank branch in Sao Paulo.
Photographer: Victor Moriyama/Bloomberg

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By Cristiane Lucchesi, Matheus Piovesana, and Martha Beck

April 13, 2026 at 2:21 PM UTC

Brazil’s deposit insurance fund FGC is refusing to extend a loan to Banco de Brasilia SA, the lender facing financial strain due to its ties to Banco Master SA, until BRB can quantify its losses and specify how much capital it needs to survive.

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