Dirigentes do BRB e Master veem chance mínima de BC rejeitar operação, apesar de pressão
Dirigentes do BRB acreditam que a aprovação da aquisição do Master pelo Banco Central é altamente provável, apesar da pressão pública. O novo banco resultante deve se chamar BRB Corporate Bank e almeja se destacar no mercado financeiro.
Acquisition of Master by BRB faces pressure but leaders believe there's minimal chance of Central Bank rejection.
Executives view negative news as attempts to destabilize the business deal signed on Friday (28), pending Central Bank approval.
Negotiators emphasized that the deal wouldn't have been made if it didn't present advantages for both BRB and Master, while promoting increased market competition.
On Monday (31), BRB President Paulo Henrique Costa mentioned an optimistic timeframe of three to six months for Central Bank analysis. He highlighted that criticisms are expected as BRB rises from the 14th to the 9th largest credit institution in Brazil.
The Master Bank is likely to be rebranded as BRB Corporate Bank.
The Central Bank has up to 360 days for its review, but internal assessments suggest faster progress. If no issues arise, the analysis could take between three to eight weeks.
Costa discussed the acquisition during a meeting with Central Bank President Gabriel Galípolo on Monday, attended by other key directors.
Master's owner, Daniel Vorcaro, has a meeting scheduled with Galípolo on Tuesday (1°) in Brasília. Vorcaro indicated that the merger would create a unified institution under Central Bank regulations.
After the deal, the new bank will hold R$ 112 billion in assets, R$ 72 billion in credit, and over R$ 100 billion in deposits, with Vorcaro maintaining control of Master.
Vorcaro will retain higher-risk assets, such as judicial debt titles worth around R$ 7.5 billion. Unmerged assets include judicial credit rights and company claims, estimated at R$ 16 billion to R$ 23 billion.
Concerns among major banks include Master’s R$ 50 billion in CDBs, which, if unpaid, would draw from the FGC (Credit Guarantee Fund).
BRB aims to strengthen its presence in the new private consignado market, leveraging Master’s technology for rapid development.
Costa revealed attempts at two previous purchases without success and acknowledged the support of PwC and Lefosse law firm in the current operation.