History
BRB, a mixed-capital company, whose majority shareholder is the Government of the Federal District, was created on 10 December 1964 (Federal Law 4545) obtaining, from the Central Bank of Brazil, authorization to operate on 12 July 1966. its creation was intended to provide the Federal District with a financial agent that would make it possible to raise funds necessary for the development of the region.
In 1986, its name was changed from Banco Regional de Brasília S.A. to Banco de Brasília S.A., the acronym BRB remaining.
In 1991, it became a multiple-service bank with the following portfolios: Commercial, Foreign Exchange, Development and Real Estate. As affiliated companies, BRB – Distribuidora de Títulos e Valores Mobiliários, BRB – Crédito, Financiamento e Investimento and Corretora Seguros BRB are part of the financial conglomerate. There is a 45% shareholding in the card company – Cartão BRB S.A. and 3.5% as founding partner of Companhia Brasileira de Securitização – CIBRASEC.[7]
In September 2019, an agreement between Banco de Brasília and Cielo in the area of acquiring cards, guaranteed an initiative that complements the portfolio of products offered by the institution to entrepreneurs in the Federal District and region.[8]
In January 2020, Banco de Brasília (BRB) was the bank that granted the most mortgage loans in the Federal District, according to a ranking published by the Brazilian Association of Real Estate Credit and Savings Entities (ABECIP).[9][10]
In July 2020, Banco de Brasília (BRB) became Flamengo's master sponsor for a period of three years, after BS2 terminated the contract with the club from Rio de Janeiro, with a minimum value of BRL 32 million per year, but with the possibility of have increased revenue through the exploration of businesses provided for in the agreement involving fans, image and corporate business with the club.
In December 2021, BRB acquired the naming rights to the Estádio Mané Garrincha, renaming it to Arena BRB until 2024.[11]
On 13 May 2022, BRB signed an agreement with construction firm Terracap to transfer ownership of the Autódromo Internacional Nelson Piquet. The deal also meant that BRB was now responsible for the refurbishing and restructuring of the circuit.[12]
In April 2025, BRB controlled by Brazil's Federal District, has agreed to acquire only the most strategic and financially sound assets from Banco Master after months of negotiation, according to BRB CEO Paulo Henrique Costa. The 2 billion reais ($350 million) deal, is to be paid over six years, still under due diligence and could see a price adjustment in the future. The acquisition excludes riskier assets such as those linked to court-ordered payments and certain investment funds. About 23 billion reais worth of Master’s assets remain outside the deal. While the central bank has up to 360 days to approve the transaction, BRB expects a faster decision. Meanwhile, BTG Pactual is reportedly interested in acquiring some of the assets BRB declined.[13]
