The Federal District Government (GDF) and the Union signed an agreement this Thursday (28) at the Supreme Federal Court (STF) to enable a financial operation destined for Banco de Brasília (BRB), an institution that faces questions about alleged irregular operations involving Banco Master.
The understanding foresees that the Supreme Federal Court (STF) will authorize the Federal District to contract a credit operation with the Credit Guarantee Fund (FGC) equivalent to up to 16% of the Federal District's Net Current Revenue, according to [source missing]. TV GloboIn practice, the mechanism will allow for an estimated capitalization of approximately R$ 6,5 billion in BRB, an amount that may still receive additional contributions from the district government.
According to the Attorney General of the Union, Flávio Roman, there will be no direct use of federal funds nor a financial guarantee from the Union in the operation. "It amounts to around R$ 6,5 billion for the capitalization, and this will depend on other contributions from the Federal District," he stated.
How will the operation work?
According to the agreement signed at the Supreme Federal Court (STF), the loan to the Federal District Government (GDF) will be granted by the Deposit Guarantee Fund (FGC), with a guarantee provided by a syndicate of banks. As counter-guarantee, the Federal District will offer resources from the State Participation Fund (FPE) and the Municipal Participation Fund (FPM).
The text also provides for the relaxation of limits and tax requirements normally demanded in credit operations of this type. According to Roman, The money involved does not belong to the National Treasury, but rather to the financial institutions that make up the Credit Guarantee Fund.
The negotiation takes place amidst difficulties faced by BRB following intensified discussions about its financial and regulatory situation. The bank is considered strategic for the district administration, mainly due to its role in social programs and the payroll of public employees.
BRB handles billions in the Federal District.
In the lawsuit filed with the Supreme Court, the Federal District Government argues that BRB plays a central role in the economy of the Federal District. The bank currently operates 25 social programs, handles approximately R$ 3 billion in benefits, and makes payments to approximately 210 public employees.
Furthermore, according to the document, the institution serves nearly 440 beneficiaries of district programs and has already granted more than R$ 32 billion in credit. The government also highlighted that the bank manages judicial deposits and holds billions of reais in assets belonging to account holders.
"Making their activities unfeasible would result in serious consequences for the entire country," states a passage from the petition submitted to the Supreme Federal Court.
Dispute involves invoice from the Federal District.
The rescue operation for BRB was stalled due to the worsening of the Federal District's rating in the Payment Capacity (Capag) indicator, a National Treasury tool that measures the fiscal health of states and municipalities.
The Federal District (DF) had a "B" rating in 2023 and 2024, but fell to a "C" in the 2025 assessment, released this month. As a result, it lost the possibility of obtaining a guarantee from the Federal Government for new credit operations.
The district government contested the methodology used by the National Treasury and argued that the rating was impacted by a difference of only 0,27 percentage points in the "current savings" indicator. The GDF (Government of the Federal District) also maintains that recent fiscal adjustment measures were not considered in the calculation.
The local government expects that the agreement reached in the Supreme Court will allow for the rapid unblocking of the financial operation and stabilize the situation of BRB in the coming days.
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