Bank of Brasilia

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.

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.

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).