Members of the Senate's Economic Affairs Committee (CAE) criticized this Tuesday (9) the lack of official information about the real financial situation of Banco de Brasília (BRB). The delay in publishing the 2025 financial statement – ​​which the state bank should have presented by March 31 – and the lack of clarity regarding the size of the loss resulting from negotiations with Master, owned by banker Daniel Vorcaro, motivated the senators to demand more transparency. Related news: BRB needs R$8.8 billion to cover losses with the Master. BRB postpones release of balance sheet after bailout agreement with the Union. “Until now, we don’t know the real size of the BRB’s hole and how much they stole from the bank”, commented the president of the commission, senator Renan Calheiros (MDB-AL), during a public hearing in which the president of the BRB, Nelson Antônio de Souza, assured that the institution needs a loan of R$8.8 billion. "I don't understand how the Federal Supreme Court approves a plan without the BRB publishing the 2025 balance sheet. How do you make a plan like that? How is it approved?", commented Calheiros. The agreement between the Government of the Federal District (GDF), the Union, the Central Bank (BC) and the BRB allowed the GDF to make a loan of R$6.6 billion from the Credit Guarantee Fund (FGC), a private entity, maintained with mandatory contributions from public and private banks. The operation will be backed by a guarantee offered by a bank union and a counter-guarantee linked to funds from the States and Federal District Participation Fund (FPE) and the Municipal Participation Fund (FPM), without endorsement from the Union. With the measure, the GDF is committed to implementing legal measures to control public expenses, which, according to the senators, includes not holding new public competitions and not granting salary adjustments to public servants, among other fiscal adjustment actions. Furthermore, according to the STF, any resources that the Federal District receives through court or through agreements related to losses suffered by BRB must be primarily allocated to paying the loan. Even though it was approved by the STF at the end of May, the practical execution of the agreement depends on the Legislative Chamber of the Federal District approving the bill sent by the district Executive Branch. According to the president of BRB, the other R$2.2 billion will come from the securitization of the GDF's debt, through a structured financial operation with the participation of the bank BTG Pactual and which, in the first stage, on May 25, raised R$1.17 billion for the state bank. For senator Izalci Lucas (PL-DF), the terms of the agreement approved by the STF compromise the governance of the Federal District.  "A loan to be paid in 15 years compromises [the management of] the next three governors. Besides, we don't have the [bank's financial] balance sheet, [results of] audits, information. There's nothing. Just your Lordship's words", pointed out Lucas, addressing the president of the BRB and highlighting that the resources that the BRB needs should be going to health, education and security, "and not to cover a robbery". Author of the request to hold the public hearing, Senator Damares Alves (Republicanos-DF) did not speak out against the bailout for the bank, but demanded more transparency. "We still have many doubts. Huge doubts. To this day, the question is: how much will this crisis cost the Federal District, the citizens and Brazil?", asked Damares. According to her, concern about the BRB crisis transcends the district level, as, in addition to stressing the national financial system, it threatens the approximately R$30 billion in judicial deposits collected with the bank as determined by courts of justice in four states (Alagoas, Bahia, Maranhão and Paraíba) and the Federal District. BRB also accounts for around 64% of real estate financing in the Federal District, controlling a portfolio of almost R$15 billion. "This is no longer just a problem in the Federal District. It is a problem in Brazil, in the states that are concerned about the judicial deposits that are in the BRB. Unfortunately, we can no longer talk about bank fraud in Brazil without mentioning the BRB [...] And we no longer want to be surprised by the press", concluded Damares.