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Supervielle profit up 245.2%; Chile bank regulator resisting comptroller audit

* Grupo Supervielle SA's second-quarter net income soared 245.2% to 579.7 million Argentine pesos from 167.9 million pesos in the second quarter of 2016. The income translated to EPS of 1.6 pesos in the quarter, compared to 60 centavos a year earlier.

* Chile's Comptroller General Jorge Bermudez said he had noted "resistance" from the country's banking industry supervisor SBIF to a surprise audit that started recently at the financial regulator, Diario Financiero reported.

MEXICO AND CENTRAL AMERICA

* Banco Credit Suisse (México) SA Institución de Banca Múltiple conducted its first ever placement of real estate capital certificates worth up to 5.76 billion Mexican pesos. The initial issuance of the 10-year securities totaled about 1.15 billion pesos. According to the bank, the issuance uses the so-called capital call framework, under which the bank may carry out subsequent issues at a later date.

* Fitch Ratings affirmed the ratings of several Mexican financial institutions and their related entities while revising the outlooks of the long-term ratings to stable from negative. The review included financial institutions with issuer default ratings or viability ratings that are at or above the sovereign level as well as one notch below the sovereign rating.

* Even if the renegotiation of the North American Free Trade Agreement, or NAFTA, ends well for Mexico, the country will remain plagued by "significant, long-term structural impediments to growth," Moody's warned. In a sector report, the rating agency said NAFTA has improved Mexico's export competitiveness, production complexity and integration with the U.S. economy. However, Mexico's economic growth remained weak despite opening up its economy, and it is still hounded by low productivity and wage growth.

* Mexico's statistics agency posted an annualized national consumer price index of 6.44% in July, showing no signs of slow inflation, the Financial Times reported.

* Lending by Mexican development banks rose by 4.0% in real terms in the first half of 2017, its lowest rate of expansion for six years, El Economista reported, citing Banco de México data. The banks' total credit portfolio reached 855.67 billion pesos through June 2017.

* Outgoing Mexican central bank Governor Agustín Carstens has accepted an invitation to join the G30 advisory group, El Economista reported. Carstens is due to stay in office until the end of November.

* Legislation governing the fast-growing financial technology sector in Mexico will be presented to Congress in September, El Economista reported, citing Bernardo González, the head of the banking unit at the Ministry of Finance and Public Credit.

BRAZIL

* Banco Nacional de Desenvolvimento Econômico e Social aims to raise external funding in 2018 of at least 5 billion Brazilian reais, or about $1.5 billion, according to a Reuters report published in Diário Comércio Indústria & Serviços. BNDES CEO Paulo Rabello de Castro said the development bank's cash for 2017 is enough and it is now looking ahead to the next few years.

* BNDES has been allowed to trade its bonds directly with the Brazilian central bank, which will help generate savings for the bank by removing intermediaries, Valor Econômico reported. The newspaper also wrote separately that the development bank's role as a "dealer" had caused surprise and controversy in the market.

* Banco Daycoval SA posted net income of 125.6 million reais in the second quarter, up from 69.2 million reais in the year-ago period. The company noted that during the period, it saw a 13.5 million reais positive mark-to-market impact of its foreign funding hedge, as well as a positive variation in the branch foreign exchange result.

* Brazilian antitrust watchdog Cade has recently adopted a more aggressive approach to approving acquisitions as it rejected two high-profile planned takeovers, Reuters reported. The affected companies now have to turn to either mergers or IPOs. "What's risky and scary is that Cade councilors have put that new tack into practice at a couple of very difficult, transformational deals," a lawyer who advised on one of the deals noted.

* Investors in Brazil do not seem concerned with the upcoming fiscal deficit announcement by Finance Minister Henrique Meirelles, Reuters reported. "Markets are willing to accept worse short-term fiscal conditions if the long-term outlook seems solid, as currently looks to be the case," portfolio manager Marco Bismarchi said.

* Brazil's government will not yet decide on changing its 2017 fiscal targets before September, an unnamed finance ministry source told Reuters.

* Itaú Unibanco Holding SA reduced its standard interest rate on mortgages granted under the Real Estate Financing System to 10.7% per year plus the TR reference rate, a drop of 0.5 percentage point, Diário Comércio Indústria & Serviços reported.

* Banco Bradesco SA has won a five-year 1.3 billion reais contract to manage the payroll of employees of Rio de Janeiro's state government and was the only one of five interested banks to present a proposal, Reuters reported.

* Paulo Rabello de Castro, BNDES CEO, said the Brazilian economy needs government spending cuts rather than tax hikes for a robust recovery, Reuters reported.

ANDEAN

* U.S. President Donald Trump's administration imposed sanctions on eight more Venezuelans involved in President Nicolás Maduro's creation of a constituent assembly that could rewrite the constitution. Among those penalized were Adan Coromoto Chavez Frias, who was appointed secretary of the presidential commission for the constituent assembly, and Tania D'Amelio Cardiet, a rector of Venezuela's National Electoral Council.

* Fitch Ratings downgraded Colombia-based insurer Seguros de Vida del Estado S.A.'s national insurance financial strength rating to A+(col) from AA-(col). Fitch has continued to observe the insurer's leverage levels, mainly in the index of earned premiums retained to equity. These levels have been consistently higher than the average of its comparable peers, the rating agency said.

* Colombian Finance Minister Mauricio Cardenas does not see a sovereign ratings downgrade in the near future, Reuters reported. "There's not even a shadow on the horizon," said Cardenas.

* Venezuela's exchange rate fluctuation has sparked a price increase in the country as the bolivar fell to around 70% on the black market, Reuters reported.

* Banco de Crédito del Perú was considering increasing credit card lending as it seeks to boost growth this year, Credicorp Ltd. CEO Walter Bayly said in an interview with SEMANAeconomica.

SOUTHERN CONE

* Argentina's government wants the country's banks to grant 150,000 mortgage loans next year, tripling from the 50,000 set to be disbursed in 2017, Leandro Cuccioli, the country's secretary of financial services, told La Nación. Overall, the government hopes that mortgage loans will top the 1 million mark by 2023, the secretary said.

* Banco Macro SA posted second-quarter net income of 2.02 billion Argentine pesos, up from 1.81 billion pesos earned in the year-ago period. EPS came to 3.40 pesos, compared to 3.09 pesos a year earlier. Net financial income jumped 26% year over year to 5.24 billion pesos from 4.15 billion pesos, while net fee income grew 41% to 1.80 billion pesos from 1.27 billion pesos.

* The Argentine Finance Ministry refinanced $600 million in maturing treasury notes after it received orders worth $1.38 billion, Reuters reported.

* Chilean Finance Minister Rodrigo Valdes expects the country's economy to register 3% growth in the fourth quarter, Reuters reported. "In coming quarters the economy should gain plenty of momentum compared to the first half (of 2017)," Valdes said.

* Banco de la Nación Argentina saw a new monthly record for mortgage disbursements in July, with credits of more than 1.93 billion pesos paid out, Clarin reported. The state-run bank accounted for about 40% of total home loans granted during the month.

* BTG Pactual Chile S.A. appointed Rodrigo Pérez Mackenna as director of the company and several related entities, Diario Financiero reported.

PAN LATIN AMERICA

* At a meeting in Buenos Aires in December, Brazil aims to announce a long-awaited free trade deal between the Mercosur trade bloc and the European Union, newswire Agencia EFE reported.

IN OTHER PARTS OF THE WORLD

* Middle East & Africa: Qatar-linked banks face Abu Dhabi boycott; Nigerian court junks case vs. banks

* Europe: Zurich's Q2 net income up 21%; AEGON swings to Q2 profit; KBC's Q2 profit rises

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.