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New CEO at BNDES; Bancrédito to sell commercial loan portfolio

* Maria Silvia Bastos Marques resigned as CEO of Banco Nacional de Desenvolvimento Econômico e Social after about a year in the position, citing personal reasons. Brazil's government announced that economist Paulo Rabello Castro, who heads national statistics agency IBGE, will take over as the state-run bank's new chief. A government source familiar with the matter told Reuters that Marques' exit was not politically motivated.

* Costa Rica's government said state-run lender Banco Crédito Agrícola de Cartago will stop its financial intermediation activities and sell its commercial loan portfolio as part of a restructuring plan to transform the entity into a development bank, El Financiero reported. CEO Gerardo Porras said the company will continue to focus on profitable lines of business such as tax collection services, the publication reported separately.


* Panama's government said it will implement a stricter immigration policy for people from Venezuela, Colombia and Nicaragua, Reuters reported. The announcement follows recent street protests in Panama against immigrants who have been blamed for contributing to disorder in the country.

* Citibanamex expects bank lending in Mexico to grow nearly 10% in 2017 despite a significant rise in inflation in May, El Economista reported.

* Mizuho Bank Mexico S.A. signed a memorandum of understanding with Banco Nacional de Comercio Exterior S.N.C. Institución de Banca de Desarrollo for business cooperation regarding local currency funding. Under the agreement, Mizuho will reinforce the framework for local currency funding to accommodate the short-term financing needs of Japanese companies as they expand in Mexico.

* Grupo Financiero Santander Mexico SAB de CV CEO Héctor Grisi Checa said his bank is embracing financial technology, adding that any banks that fail to do so will be left behind, El Economista reported. The executive noted that the bank's parent company invests €1.9 billion annually in technology across its global operations.

* Guatemalan President Jimmy Morales' brother and one of the president's sons will stand trial for allegedly doctoring real estate information they provided to the country's property registry in 2013, Reuters reported.


* Fitch Ratings upgraded Banco Cooperativo do Brasil SA's long-term national rating to AA(bra) from AA-(bra), while revising its outlook on Banco Cooperativo Sicredi SA to stable from negative.

* Banco do Brasil SA said its board approved interest on equity payments totaling about 218.8 million reais tied to the bank's second-quarter 2017 results. The amount will be paid June 30 to shareholders of record as of June 12.

* Brazilian President Michel Temer picked Torquato Jardim, who had served as transparency minister since March, to be the country's new justice minister, Reuters reported. Jardim replaces Osmar Serraglio, whose new appointment as the transparency minister will be announced soon, a source close to Temer told the newswire.

* Banco BTG Pactual SA said Persio Arida will resign as a director on the boards of both the bank and BTG Pactual Participations Ltd. to focus on his "intellectual pursuits." Arida, who served as BTG's chairman until November 2016, will also sell his stakes in both companies over the coming months.

* Moody's changed its outlook on Brazil's Ba2 issuer rating to negative from stable, reflecting higher uncertainty regarding reform momentum following recent political unrest and the resulting risks for the country's economic recovery.

* Banco Safra SA launched a new card payment processing device, entering a market that is dominated by much larger companies, O Estado de S.Paulo reported.

* A majority of analysts surveyed by Valor Econômico believe Brazil's central bank will slow its pace of interest rate cuts due to the country's intensifying political crisis. Itaú Unibanco Holding SA now expects the central bank to cut its benchmark rate by 1 percentage point at an upcoming meeting, compared to a previous forecast for a 1.25-percentage-point cut, Diário Comércio Indústria & Serviços reported.


* The International Monetary Fund said Peru's government has enough fiscal room to boost growth following heavy flooding in recent months, which should prompt it to depend less on interest rate cuts. Peru can afford to raise its budget deficit to target flood-related reconstruction needs due to a prudent fiscal stance in the past and low debt, the IMF noted.

* Colombia's central bank lowered its benchmark interest rate by 25 basis points to 6.25%, citing low growth and continued weakness in economic activity. The country's economy grew only 1.1% during the first quarter of 2017, below the central bank's projected growth of 1.3%.

* Peruvian regulator SBS approved the transfer of Mapfre Peru Compania de Seguros y Reaseguros S.A.'s life annuity business to Interseguro Compañía de Seguros SA. The deal, which is set to close June 1, is structured as a "simple reorganization" that involves the transfer of all of Mapfre Peru's assets and liabilities in its life annuity business, including all rights and obligations.

* Banesco Banco Universal C.A. said it appointed Oscar Doval García as the bank's new CEO, replacing Miguel Ángel Marcano Cartea, who will continue to serve as a director on the bank's board.

* Goldman Sachs Group Inc. has purchased approximately $2.8 billion in Venezuelan bonds that had been held by the country's central bank, The Wall Street Journal reported.


* DBRS confirmed Uruguay's long-term foreign and local currency issuer ratings at BBB (low) and its short-term foreign and local currency issuer ratings at R-2 (middle). The ratings balance the country's strong public institutions, conservative debt management and ample external buffers with its limited fiscal flexibility, above-target inflation expectations and exposure to external developments.

* Caja Reaseguradora de Chile S.A. said its board appointed Carlos Molina Zaldívar to be its new chairman and Daniel Quermia as vice chairman. The appointments follow the resignation of Jaime Rios Gomez-Lobo as chairman in March.

* Banco Columbia SA said it signed a deal to acquire a 50% stake in automotive leasing company MSM Leasing for 653,524 Argentine pesos. The bank also agreed to increase MSM's share capital by 20 million pesos through a share subscription.

* Argentina's finance ministry said the country recorded a primary fiscal deficit of 18.66 billion Argentine pesos in April, compared to 18.18 billion pesos in the previous month, Reuters reported.

* Banco Macro SA said it plans to conduct a global primary follow-on offering of class B ordinary shares and American depositary shares. The offering will consist of a preferential rights offering of class B ordinary shares to existing shareholders in Argentina, an offering of class B ordinary shares in Argentina, as well as an offering of American depositary shares in the U.S. The offering is expected to price on or around June 12, depending on market conditions.


* Asia-Pacific: Cathay signs deal for Scotiabank's Malaysia arm; Fairfax sells Indian JV stake

* Middle East & Africa: Moody's acts on 3 Gulf countries; GCB shareholders reject board pay raise

Matthew Craze contributed to this article.

The Daily Dose has an editorial deadline of 8:00 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription.