The Government of the Federal District (GDF) will obtain a loan of approximately R$ 6.5 billion from the Credit Guarantee Fund (FGC) with the aim of saving the Banco de Brasília (BRB). This loan will be paid over 15 years, with two years of grace period. The agreement was reached after a hearing between representatives of the GDF and the Union, and provides that the values recovered from illegal acts involving Master will be used to prioritize repay the loan. The credit operation will not have resources or guarantees from the Union, and will follow the limits set by the Senate Federal resolution, which allows loans of up to 16% of the current and liquid revenue of the DF.
The situation of the BRB involves negotiations over the delations of Daniel Vorcaro and Paulo Henrique Costa, former president of the bank. The loan will be guaranteed by syndicate of banks, and the GDF will have to pay around R$ 15 billion over 10 years. According to the Substitute Attorney General of the Union, Flávio José Roman, there will be no repatriation of Union resources for this operation. The agreement was homologated by the minister Luiz Fux, relator of the action in the Supreme Court (STF). The recapitalization of the BRB is a measure to prevent the bank from facing severe financial problems.
This agreement is part of a broader process of negotiations between the GDF and the Union to resolve problems related to the BRB. The delação of former bank executives and the recovery of diverted resources are important points in this process. The FGC will act as the guarantor of the loan, which will allow the GDF to obtain the necessary resources without compromising the financial health of the DF. The credit operation was structured within the legal parameters, without the granting of guarantee or Union’s evaluation.
The Senate Federal resolution sets limits for the loans of states and the Federal District, based on current and liquid income. In this case, the R$ 6.5 billion loan is within the 16% limit established for the DF. This measure aims to ensure that the GDF obtains the necessary resources to save the BRB without compromising its own financial health. The agreement shows a negotiated exit for a complex situation, involving different actors and interests.
