Brazil's Credit Guarantee Fund retains R$1.83 bn for Master group claimants

The Fundo Garantidor de Créditos (FGC) reports that R$1.83 billion remains available for investors and depositors of banks linked to the Master financial group who have not yet requested reimbursement. Claims can be filed through the FGC’s official mobile app, but the amount does not accrue inflation adjustment, meaning delayed claims lose purchasing power.

To date the fund has disbursed R$40.03 billion to Master, Master Invest and Letsbank – 98.54% of the scheduled amount – leaving about R$590 million still pending. Payments to Pleno (formerly Voiter) total R$4.5 billion (93.93% of the target) with roughly R$290 million outstanding, and Will Bank has received R$5.75 billion (94.69%) leaving around R$950 million unclaimed. Over 718,000, 135,000 and 276,000 beneficiaries, respectively, have already received their funds.

The FGC protects deposits, savings accounts, CDB/RDB, LCI/LCA, letters of credit and similar instruments up to R$250,000 per CPF or CNPJ, with a cumulative ceiling of R$1 million per client over four years. In April the total eligible deposits and investments covered amounted to R$5.58 trillion, of which R$2.684 trillion was effectively protected. The fund’s net assets stood at R$123.2 billion at the end of 2025, a 12.25% decline from the previous year due to the payouts.