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Banco Pleno Is Liquidated by the Central Bank, Leaving 160,000 Creditors Eligible to Receive R$ 4.9 Billion via FGC. See Who Is Entitled.
The extrajudicial liquidation of Banco Pleno, decreed on Wednesday (02/18/2026) by the Central Bank, directly impacts approximately 160,000 creditors who have deposits eligible for the Fundo Garantidor de Créditos (FGC) guarantee. In total, the protected amounts add up to around R$ 4.9 billion.
The measure also affects Pleno Distribuidora de Títulos e Valores Mobiliários (DTVM), part of the same prudential conglomerate.
The cessation of activities occurred after the worsening of the institution’s economic and financial situation, which began to face difficulties in honoring operational commitments.
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According to the FGC, the payment of guarantees will begin as soon as the complete list of creditors is concluded by the liquidator appointed by the Central Bank.
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Why Banco Pleno Entered Liquidation
The Central Bank’s decision was motivated by the deterioration of liquidity and non-compliance with regulatory norms. In an official statement, the agency detailed the reasons for the intervention.
“The extrajudicial liquidation was motivated by the compromise of the institution’s economic and financial situation, with deterioration of the liquidity position, as well as by infringement of the rules governing its activities and non-compliance with the determinations of the Central Bank of Brazil.”
With the decree, a liquidator assumes management, closes operations, sells assets, and pays creditors according to the legal order. Additionally, the assets of controllers and administrators become unavailable.
FGC Will Guarantee Up to R$ 250,000 per Creditor of Banco Pleno
The Fundo Garantidor de Créditos informed that all amounts within its regulations will be refunded within the coverage limit.
“All credits that qualify under the FGC Regulation will have the payment process initiated as soon as the data collection of creditors is completed and made available.”
The ordinary guarantee covers up to R$ 250,000 per CPF or CNPJ, per financial institution. This limit includes demand deposits, savings, and investments such as CDB, LCI, and LCA.
How Banco Pleno Creditors Can Request Payment
The FGC advises that the entire process be carried out digitally through the official app.
“We ask creditors to use the FGC App, developed to simplify the process of guarantee payments, quickly and entirely online.”
The app is available on the Apple Store and Google Play. Initially, a basic registration can be made. Later, with the official list of creditors sent by the liquidator, the guarantee request and the indication of the deposit account will be released.
Banco Pleno Had a Small Share in the Financial System
Despite the billion-dollar volume in guarantees, Banco Pleno had low representativity in the National Financial System.
Data from the Central Bank indicate that the institution concentrated about 0.04% of total sector assets until September of last year — approximately R$ 7.2 billion within a universe of R$ 18.07 trillion.
The conglomerate was classified in the S4 segment of prudential regulation, designated for smaller institutions.
Connection with Banco Master and Change of Control
Banco Pleno and Pleno DTVM were once part of the Banco Master conglomerate. However, the institutions were sold in the second half of last year to entrepreneur Augusto Lima, former partner of Daniel Vorcaro.
According to the FGC, Pleno is no longer part of the Master group, which reinforces that the liquidation and payment of guarantees will follow the liquidator’s independent investigation.
Billion-Dollar Impact on FGC Accounts
With the liquidation, the fund’s guarantee account is expected to increase significantly. Adding to R$ 40.6 billion from Banco Master and R$ 6.3 billion from Will Bank — also liquidated — the total reaches R$ 51.8 billion in coverages, not considering emergency loans.
The FGC acts as a kind of insurance for the financial system, supported by monthly contributions from associated institutions.
Understand What the FGC Is and How Protection Works
Founded in 1995, the Fundo Garantidor de Créditos is a private non-profit entity. Its purpose is to protect depositors and investors in case of bank failures.
Resources come from deposits made by the financial institutions themselves, equivalent to 0.01% per month on eligible balances.
Currently, more than 220 banks are affiliated, and the fund claims that 99.6% of clients are fully covered within the R$ 250,000 limit.
Next Steps for Clients and Investors
The FGC recommends that depositors follow updates through official channels.
“Depositors and investors should monitor the process through social media and the FGC website, where all information and updates will be made available.”
Investigations into administrative responsibilities are ongoing at the Central Bank and may result in additional sanctions.
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