Ibaneis defends BRB's acquisition of Master.
Governor denies privatization rumors and reinforces expansion plan for Banco de Brasília: "They thought I was selling, but I'm buying."
247 - The governor of the Federal District, Ibaneis Rocha (MDB)This week, the [unclear] reaffirmed its commitment to strengthening the Banco de Brasília (BRB) and defended the acquisition of Banco Master as part of the public institution's expansion strategy. The statement was reported by the portal [unclear]. Metropolis, which highlighted the Chief Executive's statement in refuting speculation about a possible sale of BRB.
"They thought I was selling, but I'm buying.“Ibaneis stated emphatically, clarifying that the acquisition of Master does not represent a privatization move, but rather an expansion of the Brasília-based bank's operations at the national level.”
The operation, still in the study and negotiation phase, seeks to expand BRB's customer base and consolidate its presence in other states, leveraging Banco Master's structure and know-how. The measure also reinforces the local government's plan to transform BRB into one of the leading banks in the country, with a solid presence in the sectors of credit, investments, cultural sponsorship, and technological innovation.
During the announcement, Ibaneis also praised the management of the president of BRB, Paulo Henrique Costa, highlighting the progress made since 2019: “The bank has grown, modernized, and taken the name of Brasília throughout the country.".
According to the MetropolisThe initiative follows the current policy of the district government, which prioritizes strengthening public institutions as an engine for economic development, job creation, and financial inclusion.
With impressive results in recent financial statements, BRB has been investing in digitalization, expanding its loan portfolio, and relationship programs such as... BRB Club, which offers benefits in tourism, sports and entertainment.
By emphasizing the intention to "buy" and not sell, Ibaneis rejects the idea of dismantling the public sector and signals confidence in BRB's strategic role for the future of the regional and national economy.I want to transform BRB into one of the largest banks in Brazil.”He concluded.
