BC says that Master's liquidation did not generate a risk of crisis for the financial system; Repaid customers took money to larger banks

The Central Bank reported this Monday (25) that the extrajudicial liquidation of institutions forming part of the Master conglomerate did not generate systemic effects on the national financial system.
The analysis is contained in the Financial Stability Report (REF) for the second half of 2025.
"After the liquidation, customers reimbursed by the FGC [Credit Guarantee Fund] directed resources mainly to larger and more relevant financial institutions (FIs). systemic", added the BC.
Last week, the president of the Central Bank, Gabriel Galípolo, had already said that the Master bank was relatively small to offer a "systemic risk", and that its liquidation did not pose a risk.
"I agree that this is dismaying people, it is not the liabilities [Master's debt]. But what was done with the money. What draws attention is what was done with the money", declared Galípolo, at the time.
The liquidation of the Master bank conglomerate was announced by the BC in November last year, removing the financial institution from the market.
At the same time, Daniel Vorcaro, owner of Banco Master, was arrested in an operation aimed at selling fake credit securities.
"The BC considers that there is no relevant risk to financial stability. The SFN [national financial system] remains with comfortable capitalization and liquidity, and provisions adequate to the level of expected losses. Furthermore, capital and liquidity stress tests demonstrate the robustness of the banking system", assessed the monetary authority.
The institution also reported that profitability of financial institutions remained practically stable in the second half of last year, demonstrating "resilience and ability to generate profits to increase capital".
"The growth in operating results, although at a slower pace, offset the increase in the cost of provisions. The credit margin remained under pressure due to the increase in the cost of funding. Profitability continues with no prospect of increase due to restrictive financial conditions and the moderation of economic activity, which could reduce the growth of credit and service revenues and increase default rates", he concluded.

Source: G1

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