AGP Executive Report
Last update: 33 minutes agoBanking Results: India’s small finance banks are expected to more than double profitability in FY27 as microfinance pressures ease. Poonawalla Fincorp reported Q2 net profit of ₹374.85 crore, while Anand Rathi Wealth posted ₹89.26 crore. Household Finances: Fed data show U.S. incomes and wealth generally rose from 2022 to 2025, but wealth gains favored the top 10%; financial stress increased, and net worth among the bottom quarter fell by more than half to $1,700. Malaysia’s SME Push: Budget 2027 raises financing and guarantees for smaller and mid-tier businesses to RM57 billion, from RM50 billion, and provides RM1 billion in export financing. Egyptian Banks: Their total financial position reached EGP27.661 trillion in June, up EGP774 billion from March, while non-performing loans edged down to 1.8%. Global Finance: EU finance ministers agreed on a major financial-supervision reform, while Dubai is seeking to deepen ties with international banking groups. Pakistan’s finance minister is heading to Bangkok for IMF and World Bank meetings; Zambia is set to receive a $1.5 billion IMF loan under a new three-year deal.
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