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Recapitalization refers to the Bank's $ 12.5 billion reais in 2017, which was transferred to the government
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Box: The federal government will inject about 2 billion reais for an amount of 2 billion reais in the (19459006) Caixa Geral de Depósitos The federal economy will receive this year a capitalization of 1.8 billion React of its controller, the federal government, with resources According to the source close to Caixa, who requested anonymity, the recapitalization refers to a portion of the profit of $ 12.5 billion.
"Since the bank could not use FGTS funds, this recapitalization was an alternative," the source said.
In January, the Chamber of Deputies authorized F's board of directors (FGTS) to buy up to R $ 15 billion in Caixa's equity instruments, an operation that would be used to strengthen the bank's capital levels. But the bank abandoned the case after encountering resistance from the Court of Auditors of the Union ( TCU ).
Parallel to the recapitalization, Caixa has taken a series of measures to strengthen its capital while preparing for stricter rules embedded in Basel III, which will come into force in early 2019. This effort has involved a sharp reduction in costs of operations, including voluntary layoff programs, and the slowdown of several lines of credit.
On Friday, the O Estado de S. Paulo newspaper published that the federal government will inject about 2 billion reais into Caixa until the end of the year to strengthen the bank's capital. 39, State
