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5.4

Edir Macedo's Digimais Bank Posts R$581M Loss, Basel Negative

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.

Valor Econômico1 day agoBRCredibility 44%View source

Score Breakdown

Mosaic Score5.4
Confidence0.9
Significance0.5
Source credibility0.4

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