Ibaneis sanctions law that authorizes the use of nine public properties to save BRB
Governor Ibaneis Rocha has sanctioned a law allowing the use of nine public properties to secure funding for the Bank of Brasília (BRB) amidst financial turmoil.
On Tuesday, February 10, 2026, Governor Ibaneis Rocha of the Federal District sanctioned new legislation permitting the use of nine public properties to stabilize the Bank of Brasília (BRB). This decision was published in an extra edition of the Official Gazette of the Federal District. The law was approved by the District Legislative Chamber on February 3, and it aims to leverage these properties to raise up to R$ 6.6 billion in the financial markets, providing a lifeline for the ailing bank.
The BRB's financial situation became precarious following revelations about irregularities linked to the Bank Master, highlighted by the Compliance Zero operation at the end of last year. The BRB, which is the controlling shareholder of the Federal District government, invested a staggering R$ 16.7 billion into the Bank Master, but news has surfaced that at least R$ 12.2 billion of this amount is now under scrutiny for potential irregularities. The deteriorating circumstances forced the Central Bank to intervene, blocking BRB's acquisition of Bank Master, which could have stabilized its financial position.
As the BRB works to navigate this financial crisis, the approval of this law marks a critical step in seeking viable solutions. The attempts to gain control of the Bank Master were part of a larger strategy, but with the intervention from regulatory authorities, the BRB must now pivot towards alternative funding mechanisms, using public properties as collateral. This move not only reveals the depth of the crisis within BRB but also raises questions about the management of public resources and the implications for the District's financial health going forward.