Latin America Financials

Research evidence excerpt

Flash |

16 Sep 2026 08:02:13 ET │ 10 pages

Latin America Financials

Citi’s Daily Statement – 2026.09.16 - MP 1,376 Update; B3 August

Operational Data

CITI'S TAKE

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

coverage.

Gustavo SchrodenAC

Tereza Cristina Does Not Expect Rural Debt Vote This Year (Poder360, Sep 14)

Senator Tereza Cristina said approval of MP 1,376/2026, which would create special

credit lines for rural debt renegotiation, is unlikely this year due to limited political

support from the government. The delay prolongs uncertainty for farmers seeking

relief after weather-related losses and may keep pressure on the agricultural sector's

financial conditions.

Arnon Shirazi, CFA

Brian Flores, CFA

B3 releases its August 2026 operational data (Company filing, Sep 15)

Citi’s Take: Cash equity ADTV ended August at R$29bn,+26% y/y, and +33% m/m,

similar to our expectation (see: B3 - Brasil Bolsa Balcão (B3SA3.SA) - August Activity

Rebounds Sharply Ahead of Elections; Cash Equity ADTV +33% m/m, to R$29bn).

Turnover velocity increased to 146%, +38 p.p. m/m. In the Derivatives segment, ADV

was up 11% m/m and 3% y/y, though partially compensated with revenue per

contract decreasing 3% m/m.