Brazil's FGC liquidity jumps to R$ 115.9 billion after Master Bank payouts

The Brazilian Credit Guarantee Fund (FGC) closed the first half of 2026 with cash reserves equaling R$ 115.9 billion. Total assets for the period reached R$ 125.1 billion. This liquidity level marks a significant increase from R$ 81.7 billion at year-end 2025, according to official figures released by the fund. A major contributor was a R$ 32 billion injection from financial institutions in March. All associated banks agreed to advance these payments following compensation payouts for the Conglomerado Master collapse. The Master group returned R$ 40.5 billion to 722,000 investors across its various entities. In addition, the FGC disbursed R$ 6.036 billion to Wil Bank customers during the same period, involving over 1.584 million people. Earlier payouts also went to Banco Pleno and liquidated firms including Simpala Crédito. The fund confirmed that every institution partnered with it agreed to the accelerated contribution structure.