AGP Executive Report
Last update: an hour agoBanking Reform Watch: The IMF is pushing Bangladesh to drop Section 18(A) from the Bank Company Act, calling it a governance loophole, while also demanding a clear plan to cut non-performing loans, complete weak-bank mergers, and end political interference. Digital Payments Push: ONE Bank and Nagad signed an agreement for real-time transfers from bank accounts to wallets via ONEApp, a step toward cashless finance in Bangladesh. Mortgage & Consumer Lending Rules: Guyana’s Attorney General met bankers over how the Condominium Act 2022 is applied, focusing on condominium mortgage registration and related procedures. Asset Quality Pressure: Nigeria’s NPL ratio climbed to 9.85% after regulatory forbearance ended, raising concerns about loan stress even as liquidity and capital buffers stayed strong. Corporate Finance & Markets: Axis Bank priced $800m of USD notes (Additional Tier 1 and Senior Notes), while Hungary’s central bank cut its base rate 25 bps to 6% on improving inflation prospects. Fraud & Enforcement: Brazil froze about $125m in assets tied to alleged fraud at Banco Digimais, controlled by evangelical leader Edir Macedo. Wealth & Investing Basics: A guide explained how investment trusts pool investor money under professional management to pursue income and growth goals.
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