AGP Executive Report
Last update: 22 minutes agoDigital Euro Build-Out: Spain’s central bank has tendered a €70.2m IT contract to ramp up development and testing for the digital euro and other sovereign currency projects. Sovereign Wealth/Investing: Jordan’s Social Security Investment Fund says assets rose about JD1bn to ~JD19.7bn in H1 2026, driven by investment income and record cash dividends. Banking Awards: Kuwait’s NIC was named Euromoney’s Best Investment Bank in Kuwait for Equity Capital Markets, while NBK collected five Euromoney Awards for Excellence, including Best Bank and ESG recognition. Crypto & Sanctions: US sanctions enforcement hit stablecoins again, with $131m in USDT reportedly frozen on TRON-linked Iran addresses. Banking Integrity/Legal: New York regulators fined Swedish bank Swedbank $50m over alleged withholding of information tied to the Panama Papers. Iraq Dollar Access: Iraq’s PM welcomed a US Treasury deal to rehabilitate seven Iraqi banks so they can resume correspondent banking in foreign currencies. India Earnings Watch: HDFC Bank reported Q1FY27 net profit up 5% to ₹19,060 crore; ICICI Bank profit rose 16% to ₹14,805 crore; Axis Bank profit jumped 22% to ₹7,632 crore; Kotak Mahindra Bank profit rose 26% to ₹4,123 crore; Yes Bank profit surged 34% to ₹1,071 crore. Customer Costs: Bangladesh’s bankers’ association proposed new fees for 14 services, including charges for extra cash withdrawals and higher account maintenance.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
