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Banco do Brasil looks to end partnership with Brazil's postal service

* The partnership between Banco do Brasil SA and Brazilian postal serviceCorreios, which provides banking services through Banco Postal, is likely toend in 2016, O Estado de S. Paulo reported, citingunnamed sources. Banco do Brasil does not consider the deal advantageous amidthe country's adverse economic scenario and changes in customer behavior due tothe advance of internet banking.

MEXICO AND CENTRALAMERICA

* Fitch Ratings withdrew the AA+(pan) long-term national rating ofPanama-based Seguros BanistmoSA due to its legal merger with Seguros Suramericana.

* S&P Global Ratings revised its outlook on to positive from stable. The change reflects the bank'srecent efforts to expand its membership base, increase its paid-in capital, andreduce the country concentration in its loan portfolio.

* BanregioGrupo Financiero SAB de CV has joinedan ATM sharing partnership that already includes , BancoInbursa SA Institución de Banca Múltiple Grupo Financiero Inbursaand Banco del BajíoSA, El Economistareported. Clients of all four banks can use the ATMs of the other banks withoutbeing charged a fee.

* The overall loanportfolio of the six development banks in Mexico increased 18.2% year overyear in the first quarter, El Economistareported, citing local banking and securities commission CNBV.

BRAZIL

* Consumer credit demand in Brazil 2.1% in June from the previousmonth and expanded 3.2% in the first half year over year, according to datafrom credit research firm Serasa Experian. Meanwhile, data from Boa Vista SCPCshowed that consumer delinquencies in the country rose 2.8% annually in thefirst half.

* Banco do Brasil SA said a tender offer in which itrepurchased $199.9 million of its 9.25% coupon perpetual bonds will have a positiveimpact of 54 millionBrazilian reais, net of taxes, on the bank's second-quarter results. Thebuyback program concluded July 8.

* S&P Global Ratings lowered its long-term global scale rating on to BB- from BB and its national scale rating to brA- from brA+.S&P also removed the ratings from CreditWatch Negative as it now places theoutlook at negative.

* In inflation-adjusted terms, Brazilian banks cut lendingto farmers by 9.1% for the crop year that began in July, Bloomberg Newsreported, citing the country's agriculture ministry.

* In the 12 months through March, the reinsurance volumeceded by Brazilian insurers, gross of commission, reached 7.4 billion Brazilianreais, up 10.5% from the 6.7 billion reais registered in the 12 months throughMarch 2015, according to the latest Terra Report.

* Brazilian insurer Porto Seguro SA has entered unchartered territory bysetting up an asset management firm called Porto Seguro Capital, Valor Econômico reported.Porto Seguro Capital initially plans to invest in shares.

* Banco do Brasil SA said Osmar Dias resignedas vice president of the bank's agribusiness operations for personal reasons, Valor Econômico reported. He will bereplaced on an interim basis by Antônio Maurício Maurano, the vice president ofthe company's wholesale business.

ANDEAN

* Venezuelan President Nicolas Maduro said that"with no warning," Citigroup Inc.'s Citibank NA is set to the accounts of andthe Bank of Venezuela in 30 days. Venezuela's government has relied on Citibankfor foreign currency transactions due to strict currency controls set up since2003, Reuters reported.

* Peruvian President-elect Pedro Pablo Kuczynski said JulioVelarde will continueas president of Banco Central deReserva del Perú for another five-year term, Reuters reported.Kuczynski will assume office July 28.

* Grupo AvalAcciones y Valores SA said it has received 98.00 billion Colombianpesos in loans fromaffiliate Banco de BogotáSA since May 3. The loans were obtained under market conditionswith a maturity of two years.

* Bolsa de Valores de Lima SA said it registered a 110.6million Peruvian soles capitalincrease boosting its capital to 182.1 million soles, Reuters reported.

* Colombia's government passed a lawthat removes a requirement for bank clients to maintain a minimum balance intheir savings accounts, La Repúblicareported.

SOUTHERN CONE

* BancoSantander Río SA said it opened a new in the city of Santo Tomé in theArgentine province of Santa Fe.

* The Chilean government loweredits 2016 GDP growth forecast to 1.75% from an earlier estimate of 2%, BloombergNews reported. The fiscal deficit for 2016, meanwhile, is expected to grow to3.2% of GDP from 2.2% in the previous year. The government is thinking aboutusing a sovereign wealth fund to partly cover its costs for 2017.

* Moody's affirmedChile's issuer and senior unsecured bond ratings at Aa3 and maintained a stableoutlook. The move reflects the rating agency's assessment that the country willretain a strong fiscal position despite increases in its main debt metrics anda slowing economy.

* Twenty executives of French bank in Argentina have been indictedfor allegedly laundering $1 billion in tax havens or offshore accounts, El Economista reported, citing astatement from the Argentine government.

PAN LATIN AMERICA

* The direct impact on Latin American economies fromBritain's decision to leave the European Union will be due to the region's limitedtrade ties with both Britain and the EU, according to Moody's. Among LatinAmerican countries, only Chile, Colombia, Mexico and Peru have free tradeagreements with the EU, the rating agency noted.

* S&P Global Ratings said in a report that it expectscredit conditions in Latin America to remain weakin 2016 due largely to the ongoing recession in Brazil and low commodityprices, Valor Econômico reported. Therating agency expects the region's GDP to contract 0.9% in 2016.

IN OTHER PARTS OF THEWORLD

* Asia-Pacific: BTMU, Mizuho to join international payment system; ClearView eyesAsian buyer

* Middle East & Africa:

* Europe: Mayto become UK PM; Credit Suisse closes Russia private bank; DNB, Tryg report Q2results

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.

Paula Mejiacontributed to this article.

The Daily Dose has aneditorial deadline of 8 a.m. São Paulo time, and scans news sources publishedin English, Portuguese and Spanish. Some external links may require asubscription.