Banco de Brasilia (BRB), businessman and the Banker Daniel Vorcaro, who gave reverberberber in the banking sector, announced the purchase of 58% of the Banco Master. Rail $ 3.5 billion, this operation is more than a simple purchase: This is a strategic action that changes the balance of the financial market in Brazil.
The purchase of Banco’s master by the BRB is a significant stage in the Brazilian banking sector, which promises to change the balance of competition in the market. Under the leadership of Daniel Vorcaro, Banco Master has united himself as one of the most affordable financial institutions in Brazil, and now has the potential to grow and expand with the BRB strength.
The purchase context
The BRB, a public organization managed by the Federal District Government, was united as a regional bank, which is of great importance. To expand their performance and strengthen the participation of the financial market, brb searched for partnership and strategic purchases. 58% of the Master Bank appears in response to this expansion movement, as well as a solution to the Bank, which is one of the questions that affect the activities of Banco Master.
BRB BBO BANCO MASTER 49% of voting shares and 100% of the preferred shares (PN), but protect Daniel Vorcaro in the strategic order of the enterprise.
This management structure ensures Master Bank protection of the operation of the Bank, but now under the goals of the BB of the BB.
The future of Banco Master with the BRB
With the unification of the two institutions, the new financial conglomerate will be $ 10 billion and $ 140 billion, which will allow the Bank to classify such as S2 banks, in Brazil, a system of importance in Brazil. This classification is an important step because the bank is in a state of a
Along with great players in the market, the higher the financial system.
The new conglomerat is expected to reach the S1 banking classification in the coming years, which evaluates the institute as Itaú and Bradesco at the same level. This ambitious purpose is not only connected to the BRB and BANCO MASTER in the financial market, but also will allow new markets to expand and offer a larger number
Financial products and services for your customers.
In 2023, the organization registered a record profit of 152% compared to 152% compared to 2022 compared to the capital (ROE). Economic value.
In the first half of 2024, the bank’s positive trajectory reaches the net profit of more than $ 500 million and up to $ 4.3 billion. At the end of 2024, the earnings reach about $ 1 billion, $ 50 billion and $ 4.8 billion.
Cnn Brazil.
These results reflect the efficiency of Vorcaro’s strategies, including strategic procurement and product expansion, which strengthens a master’s paragraph, will have a full effect on the BRB from today.
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