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Bradesco to pick new CEO in February; 4 central banks take rate decisions

* Banco Bradesco SA CEO Luiz Carlos Trabuco said the bank will select a new chief executive to replace him by early February 2018, Reuters reported. The bank also expects its corporate credit portfolio to expand in 2018 once Congress passes a much-anticipated pension reform, while defaults on loans to individuals and small and medium-sized enterprises should also fall next year, Diário Comércio Indústria & Serviços reported.

* Mexico's central bank raised its benchmark borrowing rate by 25 basis points to 7.25% after inflation rose to an annual rate of 6.63% last month, close to a 16-year high reached in August.

* Colombia's central bank maintained its benchmark rate at 4.75% as economic growth remained weak while inflation stayed above the central bank's target. The decision was unanimous among the central bank's seven policymakers.

* Chile's central bank decided to keep its benchmark interest rate steady at 2.5%, noting that annual inflation remained unchanged at 1.9% in November.

* Peru's central bank maintained its monetary policy interest rate at 3.25%, citing decreasing inflation and faster national and global economic growth. The bank expects inflation to continue sliding in the coming months and arrive at 2.0% by the end of 2018.

MEXICO AND CENTRAL AMERICA

* Guatemala's central bank said the country's economic growth could accelerate to 3.8% in 2018 from an expected 2.8% this year, El Periodico reported.

* Marcos Martínez Gavica, the president of Mexican banking association ABM, said cryptocurrencies such as bitcoin should be subject to the same rules as other assets in order to avoid fraud, money laundering and other crimes, El Economista reported.

* Mexican multipurpose financial corporations, or sofomes, have grown by around 10% in 2017 and should see similar growth next year despite uncertainty caused by presidential elections and NAFTA renegotiation talks, El Economista reported, citing Adolfo González Olhovich, the president of the Asofom industry association.

* Mexico's banking sector was in compliance with minimum capitalization requirements of 8.0% plus the capital conservation supplement of 2.5% as of October, Notimex reported, citing a statement from banking and securities commission CNBV.

* S&P Global Ratings revised its outlook on El Salvador to positive from stable, indicating at least a one-in-three likelihood of an upgrade in the next 12 months if ongoing congressional negotiations result in financing agreements that enable the government to meet upcoming debt payments.

BRAZIL

* Brazil's finance ministry revised its GDP growth forecast for 2017 to 1.1% from 0.5% as it expects new reforms to boost productivity. The growth projection for 2018, meanwhile, was raised to 3% from the previous 2%.

* Brazil lower house speaker Rodrigo Maia said the legislature will delay a vote on the government's proposed pension reform to Feb. 19, 2018, Reuters reported. Moody's called the delay credit negative, saying that this "raises the possibility that the reform will not be approved next year, given political uncertainty surrounding the presidential elections."

* Demand for consumer credit in Brazil increased 1.4% in November from a year earlier and grew 1.3% compared to the previous month, according to data from credit research firm Serasa Experian.

ANDEAN

* Colombian stock exchange Bolsa de Valores de Colombia SA and central securities depository Deceval are now a single company after closing their merger transaction and the exchange of shares. The integration is expected to generate between 7.00 billion Colombian pesos and 8.00 billion pesos in cost synergies by 2019.

* Banco Coomeva SA said its shareholders approved the appointment of Gilberto Quinche Toro as a director, replacing Luis Fernando Caicedo Fernández, who has resigned.

* Peruvian President Pedro Pablo Kuczynski said he will not step down over a scandal involving his business links to Brazilian construction firm Odebrecht, Reuters reported. "Two government sources" told the newswire that the president no longer has the support of senior cabinet members after Odebrecht admitted making payments to a company he controlled.

SOUTHERN CONE

* BBVA Banco Francés SA will auction two tranches of negotiable obligations on Dec. 20, each valued at 500.0 million Argentine pesos but expandable to up to 2.0 billion pesos.

* Banco Supervielle SA will offer two series of negotiable obligations on Dec. 20, each valued at 1.00 billion Argentine pesos, expandable up to 3.50 billion pesos.

* Banco de la Provincia de Córdoba SA said it raised about 865.8 million Argentine pesos from an auction of two series of negotiable obligations. The bank accepted offers amounting to about 295.3 million pesos of the series I debt and about 570.5 million pesos of the series II debt.

* Banco Santander Río SA said it plans to issue a series of subordinated negotiable obligations under its global program worth up to $100.0 million. The subordinated negotiable obligations will qualify as additional level 1 capital under central bank regulations.

* Fitch Ratings revised the outlook on Paraguay's long-term foreign and local currency issuer default ratings to positive from stable, while affirming the ratings at BB. It cited the country's resilience to external shocks, positive growth performance and economic diversification, among other factors.

* Argentina's lower house suspended a vote on the government's proposed pension reform after discussions degenerated into chaos and protestors fought with police outside Congress, Reuters reported.

* Argentina's government appointed Juan José Gómez Centurión vice president of state-run Banco de la Nación Argentina, Clarín reported.

* Uruguay's economy grew 2.2% year over year in the third quarter, down from the 2.8% growth rate seen in the linked quarter, El Observador reported, citing central bank data.

* Banco de Inversión y Comercio Exterior SA Chairman Pablo García said the bank's loan disbursements will total 15 billion Argentine pesos in 2017 and 32 billion pesos in 2018, up from about 6.40 billion pesos in 2016, La Nación reported.

PAN LATIN AMERICA

* The United Nations' Economic Commission for Latin America and the Caribbean now expects GDP in the region to grow 1.3% on average in 2017, slightly higher than its previous 1.2% estimate. For 2018, the group forecasts a 2.2% average GDP growth for the region.

* Moody's revised its outlook on global asset managers to stable from negative, based on the industry's response to challenges and rising demand. The emergence of new products that fuse active and passive management features is a key driver of the outlook change.

* Moody's changed its outlook on the global life insurance industry to stable from negative for 2018, expecting a shift to fee-based products to ease earnings pressures from low interest rates.

IN OTHER PARTS OF THE WORLD

* Asia-Pacific: Indonesia, Philippines hold policy rates; ASIC to monitor P2P lenders

* Middle East & Africa: Emirates NBD Bank exits Lebanon; Mizrahi Tefahot Bank CoCo draws strong demand

* Europe: ECB, BoE hold rates; Sberbank's new game plan; M&G eyes Bradford & Bingley loans

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 8:00 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription.