AGP Executive Report
Last update: 6 hours agoLeadership: Bangladesh’s government has ended the contractual terms of the CEOs of Sonali, Janata and Rupali banks, leaving their boards to complete the terminations. Earnings: Wintrust reported record third-quarter profit and a 17% rise in year-to-date net income. ServisFirst posted 11% annual loan growth, while Kuwait Finance House’s nine-month profit rose 6.2%. Cross-border deals: Nedbank completed its R13.9 billion takeover of Kenya’s NCBA, a major expansion in East Africa. Digital banking: Germany’s Sparkassen began a phased rollout of crypto trading in their banking app; Kraken parent Payward also agreed to buy Lithuania’s Saldo Bank, subject to approval. Regulation: The ECB plans to reduce FINREP reporting for smaller banks, while Vietnam’s central bank ordered commercial lenders to cut deposit rates. Fraud risks: US impostor-scam losses topped $3.5 billion in 2025, with an Arvest banker warning that scammers exploit urgency and impersonate trusted authorities.
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