AGP Executive Report
Last update: 2 hours agoCentral Banking & FX: Libya’s central bank said Q1 2026 public revenues hit LYD 24.27bn, with oil taking 97.5% of receipts, while spending was LYD 15.25bn and development outlays were zero. Monetary Policy: Bangladesh Bank cut the repo rate 50 bps to 9.50% to spur private credit and recovery; China’s PBoC pledged moderately loose policy in H2 with incremental tools to support demand. Banking Deals: Emirates NBD agreed to buy HSBC Egypt’s retail banking business, including customers, branches and ATMs, with completion expected in H2 2027. Bank Performance: Maldives Islamic Bank reported Q2 assets at MVR 19.31bn (+4.37% QoQ); Bangladesh’s City Bank posted H1 2026 profit after tax of Tk 526.69 crore (+75% YoY). Regulation & Markets: RBI’s tighter bank funding norms for capital market intermediaries coincided with a sharp drop in NSE index derivatives turnover in July. Risk & Consumer Finance: A guide warned that using a VPN can trigger online-banking fraud alerts by making logins appear to jump locations. Corporate/Leadership: Kuwait’s Burgan Bank honored top graduates with the education ministry; Kuwait Finance House–Bahrain won Euromoney awards for ESG and corporate responsibility.
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