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Banco de la República board announcing 100 basis point interest rate hike to 10.25% due to inflation from minimum wage increase, with concerned Finance Minister.
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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.

La Banca centrale d’Egitto (CBE) ha ricevuto offerte per un totale di 1,141 miliardi di dollari nella sua ultima asta di buoni del Tesoro locali denominati in dollari USA, superando l’importo offerto di 950 milioni di dollari, secondo i dati pubblicati sul sito ufficiale della banca. I buoni del Tesoro a 364 giorni, offerti lunedì e in scadenza il 2 febbraio 2027, hanno attirato 26 offerte.

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La National Bank of Egypt ha organizzato una facility di finanziamento sindacata del valore di 1,42 miliardi EGP per Al Qamzi Developments per coprire parte dei costi di investimento delle prime e seconde fasi del progetto SEAZEN sulla Costa Nord dell'Egitto. NBE agisce come agente della facility, lead arranger, banca di documentazione e bookrunner con una partecipazione di 920 milioni EGP, mentre Bank Al Baraka Egypt si unisce come arranger contribuendo con 500 milioni EGP.

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.

 

 

 

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