Desenrola 2.0 Opens With Patchy Access as Banks Start Renegotiations

Overview

• Banco do Brasil, which disclosed results from Wednesday’s launch day, logged 1,807 program deals worth about R$3 million and 10,100 extra agreements outside the program totaling R$94.8 million.
• The Finance Ministry said the seven largest banks are live on the FGO guarantee system, while smaller institutions are still being enabled, and many borrowers report slow access and offers similar to what banks already had.
• The government cut required loss reserves on FGO-backed renegotiations to roughly 5%, a change meant to free bank balance sheets so they can grant deeper discounts and longer terms.
• Banks are also using the rollout to strike deals that fall outside the federal scope, with Bradesco and Nubank courting interested clients, and Caixa limiting deals to lump-sum payments until its systems allow installments.
• Congress received the provisional measure that sets Desenrola 2.0’s rules, including income and debt-date limits, capped interest of up to 1.99% a month, terms up to 48 months, and discounts that can reach 90% for eligible debts.