BRB Fiscal Council Members Resign With Immediate Effect, Deny Borneo Link
The resignations spotlight questions over alleged Borneo nominations during BRB’s response to the Banco Master collapse.
Overview
- BRB said Leonardo Roberto Oliveira de Vasconcelos (member) and Celivaldo Elói Lima de Sousa (alternate) resigned from the Fiscal Council with immediate effect.
- The bank disclosed the departures in a material fact released on Feb. 13, 2026.
- Both former council members stated they were not nominated by the Borneo fund and said they have no relationship with it or its representatives.
- Borneo, administered by Reag, holds 7.89% of BRB’s nonvoting preferred shares, making it one of the bank’s largest private shareholders.
- BRB reiterated that it conducts its activities with responsibility, ethics and transparency as repercussions from Banco Master’s Nov. 18, 2025 liquidation continue.