AGP Executive Report
Last update: 9 hours agoAfrica Energy Finance: Afreximbank and the African Petroleum Producers’ Organisation formally established a $5 billion Africa Energy Bank in Abuja, appointing Helmy Ghazi as its first president. The lender aims to help close the continent’s estimated $200 billion energy investment gap. Banking Stability: Serbia’s central bank revoked Alta Banka’s licence after its financial position and liquidity deteriorated. The Deposit Insurance Agency will handle the bank, with insured deposits expected to be accessible within seven business days. Development Funding: Egypt signed a $1 billion World Bank financing deal to support economic reforms, private investment and resilience to external shocks. Capital Markets: Vietnam’s SHB raised S$229 million through social bonds guaranteed by CGIF, while the Stellar Development Foundation invested in Marketnode to expand institutional access to tokenised financial products in Asia-Pacific. Bank Results: Arab Bank Group’s nine-month net profit rose 10% to $902 million, with loans and deposits also growing. Maldives Islamic Bank reported third-quarter profit up 44% year on year to MVR 133 million.
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