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Bladex names new CEO, CFO; Brazil court approves bank compensation deal

* Banco Latinoamericano de Comercio Exterior SA said CEO Rubens Amaral Jr. will step down from the position April 30, 2018, and will be succeeded by N. Gabriel Tolchinsky, the bank's chief operating officer and alternate to the CEO. The company also announced the departure of CFO Christopher Schech, who will be replaced by Ana Graciela de Méndez, currently senior vice president of finance.

* Brazilian Supreme Court Deputy Chief Justice José Antonio Dias Toffoli has approved the agreement reached by banks to compensate depositors for losses caused by the government's anti-inflation plans in the 1980s and 1990s, Valor Econômico reported.

* An agreement under which large Brazilian banks will compensate depositors who suffered losses as a result of government economic plans in the 1980s and 1990s is credit positive for the banks, Moody's said. The settlement substantially reduces the liabilities, estimated at 10 billion Brazilian reais, of the country's five biggest banks to a manageable level, the rating agency said.

MEXICO AND CENTRAL AMERICA

* MiFinanciera SA plans to offer $2.0 million of short-term debt Dec. 19, with the proceeds earmarked for credit activities. The three-month instruments will carry a 5% interest rate.

* S&P Global Ratings affirmed its BBB+/A-2 foreign currency long- and short-term sovereign credit ratings on Mexico, while lowering the country's local currency long- and short-term ratings to A-/A-2 from A/A-1. The downgrade reflects recent revisions to S&P's methodology for sovereign ratings.

* A slowdown in demand for consumer credit in Guatemala this year has limited overall growth in banks' loan portfolios, El Periodico reported, citing data from the central bank and the SIB banking regulator. Consumer credit increased by 5.68% in November year over year, compared with an increase of 13.18% during the same month a year ago.

* Jaime González Aguadé resigned as president of Mexico's CNBV banking and securities commission to join the election campaign of former finance minister José Antonio Meade, El Economista reported. González Aguadé has served five years in the post. His replacement has not yet been named.

BRAZIL

* BR Insurance Corretora de Seguros SA said its board accepted the resignation of Luiz Roberto Mesquita de Salles Oliveira as the company's CEO. It appointed Marcos Aurélio Couto to take over the CEO role, while Salles Oliveira will replace Bruno Rafael Ferreira Martins as the company's director of operations.

* Economic activity in Brazil increased 0.29% in October from the previous month on a seasonally adjusted basis, Reuters reported, citing central bank data.

* The number of Brazilian consumers in default increased 1.91% in November year on year to 61.1 million, Diário Comércio Indústria & Serviços reported, citing data from credit research firm Serasa Experian. The average debt per consumer was 4,425 reais.

* The presidents of Brazil's central bank, CNJ national justice council and the Febraban banking association signed an accord aimed at easing the resolution of conflicts between individuals and the country's financial institutions, Diário Comércio Indústria & Serviços reported. The accord involves promoting the CNJ's digital mediation system to resolve disputes more quickly and at a reduced cost.

* Brazilian financial institutions participating in the country's FGC bank deposit insurance fund have approved changes to the coverage for depositors, limiting the maximum guarantee to 1 million reais per investor, Valor Econômico reported.

ANDEAN

* Moody's withdrew its Caa3 rating on the Venezuelan government's $5 billion, 6.5% bond due Dec. 29, 2036, for the rating agency's own business reasons.

* Fitch Ratings downgraded Coltefinanciera SA Compañía de Financiamiento's long-term national rating to A-(col) from A+(col) and its short-term national rating to F2(col) from F1(col). The downgrade reflects the firm's weaker credit profile as a result of the impairment in its portfolio quality and the recording of operating losses.

* Peruvian opposition lawmaker Luz Salgado said Vice President Martin Vizcarra should take charge if Congress votes to remove President Pedro Pablo Kuczynski over corruption charges, Reuters reported. Congress is set to vote on whether to oust Kuczynski, who has denied the allegations, on Dec. 21.

* Banco Ripley Perú SA issued 44.4 million Peruvian soles in 3.5-year bonds in the local market at a rate of 5.625%, the lowest secured by the bank since 2014, Gestión reported, citing a filing by Credicorp Capital. Demand for the bonds exceeded 80 million soles.

* Credit and debit card purchases in Colombia increased 11.29% year over year to 49.6 million through October 2017, La Republica reported, citing data from the country's financial regulator. Measured in terms of value, purchases increased 8.11% to 7.41 trillion pesos over the same 10-month period.

SOUTHERN CONE

* Sebastián Piñera's victory in Chile's presidential election could provide an opportunity to improve business confidence and economic growth in the country, according to Fitch Ratings. The rating agency sees its entire Chilean rated portfolio benefiting from an improved regulatory business environment and a pro-growth agenda, although the impact varies among sectors.

* Colmena Compañía de Seguros de Vida SA said it completed a capital increase of 380 million Chilean pesos from shares it received from Colmena Salud SA. The transaction corresponded to 152,000 shares.

* Staff at Argentina's state-run Banco de la Provincia de Buenos Aires started a 48-hour strike against plans to raise the retirement age for employees to 65 as part of a pensions reform due to be debated by the local congress today, Clarín reported. A gaping pensions deficit of some 5 billion Argentine pesos per year is currently being met by the provincial government.

* Argentine companies' financing in the capital market reached 241.49 billion pesos in the 11 months ending November 2017, up 37% from the same period in 2016, Clarín reported, citing a report by the CNV securities commission.

* A Uruguayan judge sentenced the former president of Banco de la República Oriental del Uruguay, Fernando Calloia, to 20 months in prison for official misconduct over irregularities in the granting of a loan by the state-run bank to Spain-based airline company Cosmo, El País reported. Former Economy Minister Fernando Lorenzo was acquitted.

* Paraguay's IPS social security agency has agreed a $6 million loan to Banco Familiar SAECA for the provision of credit to small and medium-sized companies, 5Días reported, citing a statement by the bank. The IPS loan, to be repaid over five years with a two-year grace period, will be guaranteed by the Inter-American Development Bank.

IN OTHER PARTS OF THE WORLD

* Middle East & Africa: South Africa's ANC picks new leader; National Bank of Kuwait plots expansion

* Europe: Old Mutual agrees to sell unit; MPS gets new chair; Bankia eyes 2,500 job cuts

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.

Helen Popper contributed to this article.

The Daily Dose has an editorial deadline of 8 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription.