AGP Executive Report
Last update: 5 hours agoDigital Finance: Airtel Money’s first-half revenue rose 34% to $830 million, with customers up to 56.7 million; the company reaffirmed its 2027 growth outlook after its London listing. UK Banks: Mayor Sadiq Khan urged lenders to keep investing in London as the government weighs raising the bank surcharge from 3% to 8%, a move expected to raise about £2 billion and which critics warn could weaken the City’s appeal. Monetary Policy: Pakistan’s central bank lifted its key rate by half a point to 12%, citing geopolitical uncertainty and higher oil and commodity prices. Cybersecurity: Major US banks are planning how to maintain services and restore customer access during a potential AI-related cyber incident, while Kenya reported a 14.45% quarterly rise in detected cyber threats. Bank Earnings: HBT Financial reported third-quarter net income of $31.4 million, up from $19.8 million a year earlier, as its net interest margin reached 4.35%. Market Risks: Asia-focused banks face pressure from volatile bond markets, inflation and currency swings ahead of quarterly results.
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