AGP Executive Report
Last update: 3 hours agoESG Upgrade: Burgan Bank (Kuwait) says MSCI lifted its ESG rating from BB to BBB, citing stronger governance, disclosures, and risk management. Digital Onboarding: National Bank of Kuwait launched fully end-to-end digital account opening for minors via the NBK Mobile Banking App, with e-verification and KYC handled online. Financial Inclusion Push: Prime Bank ran a financial literacy seminar at Khulna University, focusing on youth money management and inclusion. PSB Pressure in Cards & GCCs: India’s public sector banks are losing higher-value market share in premium credit cards and global capability centres, with CASA share decline raising margin concerns. Forex Inflows Boost: RBI data shows banks mobilised about $72.8bn in forex inflows and $65.4bn in FCNR(B) deposits as NRI demand chases higher returns. Egypt Digital Banking: CIB received preliminary approval to launch yomo, a digital bank, while the central bank ordered banks to embed financial literacy into inclusion strategies. Cyber & Payments Resilience: HumidiFi suspended trading after a Solana network security incident, while Asia-Pacific central banks formed a task force to share info against digital scams. Banking Tech Spotlight: National Bank of Malawi detailed its BankNet 360 internet banking platform for 24/7 personal, SME and corporate access. Islamic Banking Awards: QIIB won international accolades for Shariah-compliant corporate Islamic banking and innovation.
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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