AGP Executive Report
Last update: 2 hours agoAI in Credit: DBS is rolling out agentic AI to about 1,500 relationship and credit risk managers to draft credit memos, aiming to cut memo time by at least 30%. Mortgage Fraud Crackdown: Australia’s AUSTRAC says it found coordinated mortgage fraud across 10 major banks, including inflated incomes and fabricated employment, and is pushing lenders to tighten controls. Digital Payments Expansion: Standard Bank and UnionPay expanded e-commerce acceptance to Ghana plus eight other African markets, adding nearly 900 merchants to accept UnionPay cards online. Central Banking Governance: The BSP is consulting on rules that would require regular fitness-and-propriety assessments for bank directors and officers, and could force board reconstitution if conditions deteriorate. Banking Sector Performance: Equity Bank Holdings reported 32% profit growth to Sh45.5bn in H1, with net interest income up 17% and deposits rising 21%. Policy & Diversification: Macau unveiled a five-year plan to cut reliance on casino revenue by boosting modern finance, digital currency trials and cross-border payment systems. Deposit Mobilisation: Nepal Rastra Bank plans to collect Rs 35bn in six-month deposits via a bidding process with rates set through competition.
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