The bank awaits the Central Bank’s decision on the purchase of Master Bank Piece
Brasilia – Pending the evaluation of the Central Bank to buy a piece of Master BankTHE Bank of Brasilia (Brb) He reported that he had recorded a net profit of $ 518 million in the first half, which means a growth of 461.6% in the same period of 2024.
The bank, however, will only disclose the details of the result in a conversation with market analysts next Monday.
According to the bank, in the second quarter, the result was positive at $ 280.3 million, as a reflection of an increase in the basis of customer, which reached 9.6 million, with an increase of 23.9%and an increase in credit wallet.
“Brb presented a semester of solid results, a reflection of a constant strategy of growth, diversification and closeness with our customers,” said President Brb Paulo Henrique Costa, in a statement to the market.
According to Brb, “Bank’s Total Assets Total Total R $ 74.5 Billion, (+40.7%) and Equity Reached R $ 4.0 Billion (+60.1%). The Credit Portfolio Reached R $ 59.4 Billion (+59.4%), While the Capture TotalD R $ 67.3 Billion (+43.8%), with with with Highlighting CDBS (+52.1%), LCI/LCA (+52.7%) and judicial deposits (+29.4%) “
“The financial margin totaled R $ 2.3 billion (+43.9%) and the result of the financial intermediation reached 2.0 billion dollars (+72.7%). Roae was 21.8%and the Basel index finished the semester of 13.91%. The financing cost remained below 100%of the CDI”, said the bank.
Main number of the first semester of BRB 2025:
• Recurrent net profit: R $ 518 million (+461.6%)
• Recurrent result 2T25: R $ 280.3 million
• Roae: 21.8%
• Basel index: 13.91%
• Total activities: R $ 74.5 billion (+40.7%)
• equity: r $ 4.0 billion (+60.1%)
• Credit portfolio: R $ 59.4 billion (+59.4%)
• capture: R $ 67.3 billion (+43.8%)
• Customers: 9.6 million (+23.9%)
Purchase of the Master
At the end of March, Brb announced the purchase of a piece of Master Bank in an operation that was seen as a sort of relief from the public bank. BRB, however, denies, and says that there are strong synergies between the master’s wallets and the bank’s strategy.
The Master has been rapidly growing in recent years through CDB emissions with return rates well above the market average, such as 140% of the CDI. At the same time, he has invested resources in activities with little liquidity, such as precut, credit rights and participation in difficulty companies.
According to the proposal, BRB would have 49% of ordinary shares (with the right to vote), plus 100% of Master’s Favorred – which would give 58% of the bank’s documents. In March, when it was announced, the agreement was estimated at around $ 2 billion.
If approved, the BRB/Master conglomerate will have about $ 100 billion of activities. BRB will acquire personal activities that totally $ 24 billion and leave other than total r $ 51.2 billion.
Investigation
PT deputies asked the Federal Police (PF) to open an investigation to investigate the crime tests in the management of the Master Bankunderlined by the Securities Commission (CVM).
According to CVM, the Master has invested a total of 2.1 billion dollars in companies without sufficient economic capacity to return to these investments. This situation underlines the relationship of the entity: “could seriously compromise the patrimonial solidity of the financial institution”.
Source: Terra
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