Latin America Financials: Citi‘s Daily Statement – 2026.07.28 – Febraban‘s survey; Fujimori‘s cabinet; STNE; Regional; ANBIMA

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Latin America Financials: Citi‘s Daily Statement – 2026.07.28 – Febraban‘s survey; Fujimori‘s cabinet; STNE; Regional; ANBIMA

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28 Jul 2026 08:01:21 ET │ 14 pages

Latin America Financials

Citi’s Daily Statement – 2026.07.28 – Febraban's survey; Fujimori's

cabinet; STNE; Regional; ANBIMA

CITI'S TAKE

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

coverage.

Gustavo SchrodenAC

Febraban in Brazil forecasts credit growth of 0.8%MoM for June 2026 (Valor, Jul 27) +55-11-4009-5858

gustavo.schroden@citi.com

Citi's Take: According to Febraban’s Special Credit Survey, Brazil’s total credit Arnon Shirazi, CFA

portfolio is projected to have grown 0.8% in June 2026 versus May, indicating +55-11-4009-7906

continued expansion in lending activity despite a still-challenging interest-rate arnon.shirazi@citi.com

environment. On an annual basis, the credit stock is expected to increase 9.8%

Brian Flores, CFA

compared with June 2025, reflecting resilient demand for financing from households

+55-11-4009-2842

and businesses and suggesting that the banking sector continues to support luis.brian.flores@citi.com

economic activity. The projection reinforces the view that credit growth remains

positive, although at a measured pace consistent with the current macroeconomic

backdrop.

Keiko Fujimori presents cabinet membets (Gestión, Jul 27)

Citi's Take: Keiko Fujimori, Peru’s president-elect, unveiled the first members of her

incoming cabinet ahead of taking office, naming Luis Galarreta as Prime Minister

(President of the Council of Ministers), Elmer Cuba as Minister of Economy and

Finance, and Carlos Espá as Foreign Minister. Fujimori said Galarreta’s cabinet will

be focused on delivering tangible results, strengthening dialogue, and responding