On Tuesday, October 24, the government of the Federal District of Brazil put forward a new proposal to support the Bank of Brasília (BRB), which is currently under investigation in the Master case, where allegations of fraud amounting to over R$ 12 billion have been raised. This new project, sent to the Legislative Chamber of the Federal District, replaces a previous draft introduced just a week prior, indicating the urgency of the situation as financial concerns mount around the BRB.

Among the key provisions of the new project is a potential loan of R$ 6.6 billion, which could be obtained from financial institutions or the Credit Guarantor Fund. Additionally, the government has adjusted the security measures associated with this loan, reducing from twelve to nine the number of public properties that may be offered as collateral or directly transferred to the Bank of Brasília. Notably, this revision has removed green areas from a local park, highlighting the contentious nature of asset utilization in providing support.

The Bank of Brasília has been facing severe financial scrutiny due to its involvement in acquiring large portfolios from Banco Master, leading to significant losses projected at around R$ 5 billion. The exact financial impact will become clearer by March, as that is when the deadline for the balance sheet publication will be met, emphasizing the ongoing concern regarding the sustainability and operational integrity of the Bank of Brasília amid these investigations.