Latin America Financials: Citi’s Daily Statement – 2026.07.23 – BB Rural Debt Reneg; B3 New CTO; Prudential BZ for Sale; XP Pay; Desenrola; Gentera

Research evidence excerpt

Latin America Financials: Citi’s Daily Statement – 2026.07.23 – BB Rural Debt Reneg; B3 New CTO; Prudential BZ for Sale; XP Pay; Desenrola; Gentera

Flash |

23 Jul 2026 09:46:22 ET │ 10 pages

Latin America Financials

Citi’s Daily Statement – 2026.07.23 – BB Rural Debt Reneg; B3 New

CTO; Prudential BZ for Sale; XP Pay; Desenrola; Gentera

CITI'S TAKE

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

coverage.

Gustavo SchrodenAC

Banco do Brasil Provides Update on Rural Debt Renegotiation Program (BB, Jul 23) +55-11-4009-5858

gustavo.schroden@citi.com

Banco do Brasil informed the market that it is preparing to operationalize the rural Arnon Shirazi, CFA

debt renegotiation lines established under Provisional Measure 1,376/2026, aimed +55-11-4009-7906

at producers affected by adverse weather conditions or lower commodity prices. arnon.shirazi@citi.com

Management believes the measure may support producers’ cash flow and

Brian Flores, CFA

financial regularization, but reiterated that it is still not possible to estimate any

+55-11-4009-2842

impact on the bank’s earnings, capital or financial indicators, as implementation luis.brian.flores@citi.com

depends on pending regulation and the volume of loans ultimately renegotiated.

B3 Appoints Former Itaú Chile Executive as Chief Technology Officer (Valor, Jul 22)

B3 announced the appointment of Eduardo Neves, formerly responsible for

technology transformation initiatives at Itaú Chile, as its new CTO. The move

reinforces B3’s strategy of positioning technology, data and artificial intelligence as

key growth drivers.

Prudential Puts Brazil and Mexico Operations Up for Sale (Pipeline Valor, Jul 22)

Prudential has reportedly launched a sale process for its Brazil and Mexico