AGP Executive Report
Last update: 4 hours agoCentral Banking & Credit Quality: Philippines banks’ bad-loan ratio rose to a nine-month high as the gross NPL rate climbed to 3.44% in May, with gross NPLs up to ₱601.4bn, while past-due loans edged down slightly. Payments & Fees: The BSP set July 4 as the deadline for banks and e-wallets to cut digital transfer fees under Circular 1238, with enforcement steps starting with reminders. India Banking Flows: RBI’s revised FCNR-B scheme is already drawing $3–4bn in overseas deposits, and banks expect more inflows as awareness grows, especially from the Gulf. Risk Transfer: HSBC is in early talks on a risk-transfer deal tied to Asia-Pacific loan portfolios, aiming to manage default risk and free capital; Standard Chartered is also considering an SRT under its Chakra programme. Crypto Regulation & Markets: Brazil’s central bank will subject crypto firms to brokerage-style rules from Jan 1, 2027; meanwhile, Bitcoin faces renewed selling pressure as whale wallets move large sums to exchanges. Banking Tech & AI: Visa and CaixaBank completed an AI-agent-initiated card transaction using real card data, signaling more agentic commerce on existing rails. Market Infrastructure: Texas Stock Exchange begins trading Monday in a phased rollout, testing a new alternative to Wall Street.
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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