AGP Executive Report
Last update: 11 hours agoParaguay Crisis: President Santiago Peña resigned as regulators moved to wind down Ueno Bank, whose capital shortfall left millions of customers unable to access accounts. Authorities are investigating alleged excessive lending to shareholder-linked companies; Peña has faced scrutiny over past ties to the group. Cybersecurity: French lender Crédit Mutuel Arkéa says attackers used an external service provider to make about €100 million in fraudulent transfers; customer accounts were not affected. Nepal is launching a 24-hour centre to help freeze funds and coordinate responses to online financial scams. Regulation: Nigeria’s January 2027 deadline for local storage of critical payment data is raising cost and infrastructure concerns for banks and fintechs. India’s central bank has also issued new cyber-resilience rules for non-bank payment operators. Bank Financing: A nine-bank syndicate is backing $1.2 billion in financing for Tanzania’s railway, supported by an $800 million African Development Bank guarantee. Deutsche Bank and Société Générale co-arranged the facility.
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