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Central Bank Approves R$840 Million Capital Injection for Banco Master and Will Financeira

The approval follows the veto of a proposed BRB deal that preceded a sharp deterioration in the group's finances.

Overview

  • The decision, published in the federal gazette on Monday, authorizes R$420 million for Banco Master Múltiplo and R$419 million for Will Financeira (Will Bank).
  • With the new injection, Banco Master’s capital rises to R$1.586 billion and Will Financeira’s to about R$789 million, according to the Diário Oficial entries.
  • Agência Brasil reports the group has already carried out two earlier capital increases of R$1 billion each in 2025, bringing the year’s total to R$2.84 billion.
  • O Globo reports the conglomerate faces billion‑real liabilities, including payments on CDBs to investors, and lacks sufficient assets to meet obligations.
  • Owner Daniel Vorcaro has moved to raise cash, including the reported sale of insurer Kovr for R$490 million, and Will Bank remains listed for sale.