Latin America Financials: Citi’s Daily Statement – 2026.06.19 – BR: New gov proposal & Conf. Highlights; Banxico’s efforts for digital payments; CIB

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Latin America Financials: Citi’s Daily Statement – 2026.06.19 – BR: New gov proposal & Conf. Highlights; Banxico’s efforts for digital payments; CIB

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19 Jun 2026 10:37:14 ET │ 11 pages

Latin America Financials

Citi’s Daily Statement – 2026.06.19 – BR: New gov proposal & Conf.

Highlights; Banxico’s efforts for digital payments; CIB

CITI’S TAKE

Daily report over key topics of LatAm financial companies under Citi’s

coverage.

Gustavo SchrodenACUpcoming Citi Virtual Meetings:

Virtual Meeting with Gentera’s CFO and IRO (June 23 at 12pm ET) +55-11-4009-5858

gustavo.schroden@citi.com

Arnon Shirazi, CFA

Brazilian government analyzes use of severance fund as collateral (Globo, Jun 18) +55-11-4009-7906

arnon.shirazi@citi.com

Citi’s Take: The Brazilian government is studying a proposal to allow private-sector

workers to use their FGTS (severance fund) balance as collateral to cover up to 100% Brian Flores, CFA

of the outstanding amount of payroll-deductible loans under the “Crédito do +55-11-4009-2842

Trabalhador” program, which was revamped and launched last year. The idea is to luis.brian.flores@citi.com

increase uptake of the credit line and reduce borrowing costs, potentially lowering

interest rates to around 2.99% per month, by providing stronger guarantees to

lenders, although the measure is still under evaluation and has not yet been

implemented.

Banxico publishes new rules to simplify and standardize digital payments (El

Financiero, Jun 18)

Citi’s Take: Banxico has introduced new rules to simplify and standardize digital

payments, aiming to make bank transfers easier, more uniform, and more widely used

across the country. The changes require banks to harmonize the user experience in

mobile apps so transfers through systems like SPEI, CoDi, and DiMo become more