MarketsNotableSingle-source
5.3
Brazilian financial sector posts 319 loss-making institutions; Digimais worst with R$581.4M H1 loss
Valor Econômico·BR·about 19 hours ago
Digimais, the bank controlled by Bishop Edir Macedo, reported a net loss of R$581.4 million in H1, driving its Basel index to -4.62%, signaling severe solvency stress. The bank is seeking an acquisition by BTG Pactual via the Credit Guarantee Fund (FGC), indicating a likely resolution. This reflects ongoing distress in Brazil's smaller banking sector, with potential implications for FGC resources and market confidence.