FGC should begin reimbursing Master investors within 10 days.
52 days have passed since the bank's liquidation was decreed.
247 - The Credit Guarantee Fund (FGC) should begin reimbursing investors who were harmed by Banco Master when purchasing the institution's CDBs (Certificates of Deposit), which is under investigation for suspected fraud, next week or within ten days. Following the liquidation of Master, ordered by the Central Bank, the liquidator, EFB Regimes Especiais de Empresas, was informed by Master about the list of clients and the amounts to be reimbursed. For now, EFB is analyzing the list, with support from the FGC, before arriving at a final list and then initiating payments, according to the website. Value Invest on Friday (9).
The report states that 52 days have passed since the bank's liquidation was decreed on November 18th. In the six most recent cases of FGC (Credit Guarantee Fund) activation, the average time for payments to begin was 27 days.
The Central Bank cited "serious violations" of financial system rules when it ordered the liquidation of Master, on the same day that the Federal Police launched an operation on the alleged issuance of fraudulent credit securities by the bank, on November 18, 2025. The FGC insured the bank's high-yield debt securities held by investors who financed its rapid expansion in recent years, Reuters reported on Tuesday (6).
