AGP Executive Report
Last update: 43 minutes agoPrivate Credit: Apollo launched a European lending platform with more than €10 billion in capacity, backed by investors including Standard Chartered and Norinchukin. Banking: Westpac New Zealand’s annual profit fell 14% to NZ$1.04 billion as lending income weakened, expenses rose and loan impairments swung higher. Cyber Risk: India’s Spandana Sphoorty reported unauthorized transfers of about 78 million rupees from a bank account, adding to a recent run of cyber incidents at lenders. Corporate Finance: Kosmos Energy extended its $1.2 billion credit facility to 2033, easing near-term debt pressure; the deal was oversubscribed. Development Finance: Egypt signed a $1 billion World Bank agreement to support economic reforms, while the African Development Bank and Islamic Development Bank have approved $2.65 billion toward a $4 billion joint financing goal. Monetary Policy: New Zealand’s central bank faces criticism for holding rates as inflation remains high and the currency weakens.
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