FGC has already paid R$32.5 billion to Master creditors

by Marcelo Moreira

The Credit Guarantee Fund (FGC) informs that, as of yesterday, Thursday, at 9:30 am, R$32.5 billion in guarantees had already been paid to creditors of the Master conglomerate, which represents 80% of the amount to be paid. In terms of the number of beneficiaries of the guarantee, approximately 580 thousand creditors have already received the amounts, corresponding to 75% of the total number of creditors.

Currently, around 20 thousand applications are in the processing stage, awaiting action from the creditor. It is important that people keep the app’s notifications active to be alerted to the need for any action to progress their process.

In relation to Will Bank, the FGC estimates that R$6.3 billion in guarantees will be paid. Payments will begin after receipt of the creditor base, which will be consolidated by the liquidator, with support from the FGC.

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