Brasília Offers 12 Public Properties to Shore Up BRB Capital Ahead of Central Bank Deadline

Overview

• Governor Ibaneis Rocha sent a bill to the DF Legislative Chamber authorizing the use, transfer or sale of 12 public properties to support BRB’s recapitalization.
• BRB raised roughly R$5 billion by selling its own credit portfolios to bolster liquidity, but the transactions do not repair the bank’s equity shortfall or Basel ratios.
• The Central Bank has signaled potential restrictions if capital is not recomposed by the next balance disclosure on March 31.
• Talks include a possible loan backed by the Credit Guarantee Fund and a bank consortium using the listed assets as collateral, while Caixa negotiates purchases limited to BRB‑originated credits.
• Political resistance has surfaced in the DF Chamber, including among government allies, with a vote targeted for the week of February 24 that leaders warn will not be an easy passage.