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Banco de la República hikes interest rate to 10.25% amid inflation surge and minimum wage controversy
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Colombia's Banco de la República raised its intervention rate by 100 basis points to 10.25%—the highest in over a year—in its first 2026 board meeting, citing persistent inflation above 5% for nearly six months and unanchored expectations from a 23.8% minimum wage hike decreed by President Petro's government. The decision, with a split 4-2-1 vote, drew market surprise and government criticism over economic contraction risks.
The Central Bank of Egypt (CBE) received bids worth $1.141 billion in its latest US dollar-denominated local Treasury bill auction, exceeding the offered amount of $950 million, according to data published on the bank’s official website. The 364-day Treasury bills, offered on Monday and maturing on 2 February 2027, drew 26 bids.
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The National Bank of Egypt has arranged a syndicated financing facility worth EGP 1.42 billion for Al Qamzi Developments to cover part of the investment costs for the first and second phases of the SEAZEN project on Egypt's North Coast. NBE serves as facility agent, lead arranger, documentation bank, and bookrunner with a EGP 920 million participation, while Bank Al Baraka Egypt joins as an arranger contributing EGP 500 million.
Hang Seng Bank's delisting from the Hang Seng Index it helped create raises questions about Hong Kong's enduring financial symbols outliving their origins. The bank maintained a balance of global support and local autonomy, even after HSBC became its majority shareholder. For many shareholders, the recent privatisation vote was less a financial decision than an emotional reckoning.
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Anbesa Bank, previously known as Lion International Bank, has rebranded after nearly 19 years, unveiling a minimalist golden spark logo and the motto “Let’s Go for It” at the Adwa Museum. This change culminates a five-month process led by Berry Advertising, a domestic firm with a 13-year track record in the sector.
Former President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming the bank closed his accounts in 2021 due to political motivations linked to the January 6 Capitol riot. The suit, filed in a Miami court, alleges violations of the bank's principles and significant financial harm to Trump and his businesses. JPMorgan denies the claims, asserting the closures were due to regulatory risks.
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Ahadu Bank concluded its latest financial year with strong profits, marking a notable achievement for a young lender, yet it faces capital constraints. The bank expanded rapidly and earned substantially, but reforms in Ethiopia's financial sector are outpacing its balance sheet adaptations. This highlights challenges for late-entrant banks in a rapidly liberalizing market.
Banks in India to close for 9 days in February 2026
February 01, 2026 00:01Hijra Bank posts strong financial results in credit-scarce market
January 31, 2026 06:51Egyptian bank assets rise to EGP 24.8trn on household deposit growth
January 30, 2026 22:3160 days to banking sector recapitalisation deadline
January 30, 2026 05:19Santander app fails during quincena in Mexico
January 27, 2026 17:48Access Bank to drive Africa’s trade ambitions at Cape Town conference
January 25, 2026 20:44Suez Canal Bank joins carbon accounting financials partnership
January 25, 2026 18:07BCA warns customers to beware of phishing scams via fake websites
January 23, 2026 04:34Ethiopia's central bank launches automated forex trading system
January 23, 2026 01:44UBS considers cryptocurrency trading for private bank clients