AGP Executive Report
Last update: 12 hours agoTransfer-Fee Push in the Philippines: Malacañang urged banks to cut or drop transfer fees, pointing to Landbank’s move to waive InstaPay/PESONet fees for some government transactions and to lower interbank charges to keep digital payments affordable. Market Mood in India: Sensex and Nifty edged higher in early trade as IT and banking led gains on positive global cues, while traders noted crude concerns easing and foreign buying returning. Korea Growth Outlook: Major investment banks lifted their 2026 South Korea growth forecast to an average 3%, driven by booming semiconductor exports tied to AI demand. Russia Banking Risk Warning: European intelligence warned Russia’s banks face a potential systemic crisis as wartime lending and rising bad loans strain balance sheets ahead of new EU sanctions. Regulatory Pressure in South Africa: The Prudential Authority imposed over R115m in penalties on banks and insurers in 2024/25, citing compliance failures including FICA and prudential rules. Payments Deal Talk: Fiserv held talks with big US banks, including JPMorgan and Bank of America, about selling its debit-card transaction network business. Tech for Trading Ops: Pico and ITRS announced a partnership to bring packet-level network observability into Indian capital markets for faster issue resolution and stronger resilience. Local Banking Access: Family Bank opened its 97th branch in Kenya to expand SME-focused services, while Papua New Guinea’s Ramu NiCo staff and landowners gained agent banking access via Bank South Pacific.
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.
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