Agreement on BRB is "a turning point" for the DF, says Celina Leão to CNN

The Union and the Government of the Federal District formalized an agreement worth more than R$6 billion to help BRB.

The institution faces a liquidity crisis after the failed attempt to purchase Banco Master. The agreement was formalized at the STF (Supreme Federal Court).

In an interview with CNN, the governor of the Federal District, Celina Leão, classified the agreement as a positive milestone for the region.

"This is a turning point for the government of the Federal District, for the population of the Federal District", he stated.

According to her, the strengthening of the BRB represents the end of a period of instability.

Celina Leão also highlighted the structural importance of the bank for the local economy.

"BRB is a solid bank, it really is a bank that is structuring for the economy of the Federal District and the economy of the region", he said, adding that the institution "plays a very important role, a social role here for the DF".

For her, the bank emerges stronger from this episode: "even in the face of so much crisis, it remained firm and we turned this page."

Process to help BRB
The process began when the DF government filed a lawsuit with the STF asking the Union to help the district government to help the Banco de Brasília.

The first conciliation hearing within the scope of this action took place on Tuesday (26), when the terms of the agreement were agreed, later formalized between the two parties.

The proposal provides for a loan to the government of the Federal District with resources from the FGC (Credit Guarantee Fund).

The loan guarantee will be provided by a syndicate of public and private banks.

If the district government is unable to meet the commitment, the counter-guarantee will be made through resources that the DF would receive from the State Participation Fund and the Federal District.

According to information from the GDF, the loan will have a payment period of up to 15 years, with a two-year grace period, which means that payments will only begin in 2028.

The texts generated by artificial intelligence on CNN Brasil are made based on video cuts from the newspapers in its programming. All information is investigated and checked by journalists. The final text is also reviewed by the CNN journalism team. Click here to find out more.

Source: CNN