AGP Executive Report
Last update: an hour agoCBN Crackdown: Nigeria’s central bank revoked 46 microfinance bank licences, arguing the move protects depositors and financial stability amid capital and operational breaches. Asset Quality Watch: The Philippines’ BSP data showed banks’ gross bad-loan ratio rising to a nine-month high in May, with gross NPLs up to ₱601.4bn as the lagged impact of past rate hikes hits. Market Mood: Bursa Malaysia rebounded as softer US labour data eased fears of renewed Fed tightening, lifting banking stocks and the FBM KLCI. Digital Identity Funding: Wultra raised €6.8m to scale post-quantum, phishing-resistant authentication for banks and fintechs, targeting wider rollout of digital identity wallets. Tokenization Push: Mantle reported H1 2026 milestones, topping $1bn on-chain DeFi TVL and expanding RWA DeFi and tokenized equities. Operational Resilience Theme: A new report argues resilience is now about keeping critical digital services running to protect revenue and customer trust, not just disaster recovery. Corporate Moves: MeridianLink named new CRO and CTO roles to drive growth and transformation. Crypto Credibility: South Korean firms including Samsung and Dunamu disputed their inclusion in the Open USD consortium, raising consent questions ahead of launch.
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.