Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Bank of Scotland: Childcare provided for free by relatives gives approximately £2832 annual boost to Scottish families

EDINBURGH, 22-Aug-2017 — /EuropaWire/ — Childcare provided for free by relatives is giving an approximate £2832* annual boost to Scottish families, according to the latest ‘How Scotland Lives’ research from Bank of Scotland. The Bank of Scotland research polled more … Read the full press release

Lloyds Bank Homemover Review: number of homemovers fell by 2% in 1H 2017 vs same period 2016

There were 171,300 homemovers in the first six months of 2017 – 3,175 (2%) down from the first half of 2016. Homemovers account for around half (51%) of the housing market compared to 64% a decade ago. Over the past … Read the full press release

Bank of Scotland July’s PMI: strong start to 3Q of 2017 for the Scottish private sector

Headline PMI rises to 53.8, the highest since October 2014 Solid expansions in new business and employment Trend of expansion in combined manufacturing and services output extends to its longest sequence since 2014 EDINBURGH, 15-Aug-2017 — /EuropaWire/ — July’s PMI® survey data … Read the full press release

Lloyds Regional PMI: Business activity increased across England and Wales for the twelfth month in a row

England sees sustained moderate growth in business activity at start of third quarter Wales maintains its recent strong performance thanks to pipeline of new orders Yorkshire & Humber and West Midlands remain top-performing regions overall while the North East sees … Read the full press release

UniCredit Bank Austria: The new Interest Garant Anleihe offers interesting investment opportunities in the medium-term maturity segment

The new Garant Anleihe combines shares, bonds, the commodity gold and a cash component, and is linked to an innovative guarantee system Capital security due to repayment of at least 100 percent of the nominal value at the end of … Read the full press release

Rabobank: consumers’ shift away from sugar consumption will likely slowdown the worldwide sugar market

 UTRECHT, 11-Aug-2017 — /EuropaWire/ — The consumers’ shift away from sugar consumption is an important driver behind significant changes in the food and beverage industry. These changes will have long-term ramifications, including a likely slowdown in the worldwide sugar market, … Read the full press release

ABLV mutual funds’ return as at 31.07.2017

RIGA, 11-Aug-2017 — /EuropaWire/ — In July, global bond market was demonstrating multidirectional movements. One of the key topics determining performance of any market was the forgotten issue of exchange rates. ECB Head Mario Draghi’s announcement at the end of … Read the full press release

EBRD-financed 1.5 MW solar power plant in Cyprus sent its first electricity into the national grid

1.5 MW plant in Nisou, unveiled today, is one of five plants which will add 12 per cent to country’s solar capacity LONDON, 03-Aug-2017 — /EuropaWire/ — One of a cluster of five brand new solar plants, financed by the EBRD, … Read the full press release

EBRD to support the largest microfinance institution in Tajikistan

Supporting the development of women’s entrepreneurship and of agribusiness LONDON, 03-Aug-2017 — /EuropaWire/ — The EBRD is supporting the development of women’s entrepreneurship and of agribusiness in Tajikistan with a senior loan in local currency, equivalent to US$ 2 million, to IMON INTERNATIONAL, … Read the full press release

Dutch development bank FMO extends partnership with the largest microfinance institution in Afghanistan

THE HAGUE, 03-Aug-2017 — /EuropaWire/ — FMO, the Dutch development bank, extended its partnership with The First MicroFinance Bank, Afghanistan (FMFB-A) through a local currency loan of USD 5 million in Afghan Afghanis from MASSIF, the fund that FMO manages on … Read the full press release

KfW Group and L-Bank sign EUR 200 million global loan agreement based on KfW’s ERP digitalisation and innovation loan

EUR 200 million global loan agreement signed The “Innovation Finance 4.0” promotional programme offers low-interest loans Exemplary pooling of Federal Government and state development funds Frankfurt am Main, 02-Aug-2017 — /EuropaWire/ — On 1 August 2017, KfW Group and L-Bank, the … Read the full press release

EU, KfW and French bank AFD to help Jordan deal with water shortage

European initiative: EU, KfW and French development bank AFD launch project against water shortage in Jordan EUR 152 million to improve drinking water supply and waste water disposal Financing provided by Germany: EUR 80 million Improvement of water supply for … Read the full press release

KfW-Research: High-growth enterprises in Germany employ graduates, target international markets early, and have R&D based business model

Fast-growing enterprises are crucial for economic growth and job creation Employment of graduates, international orientation and R&D activities are the main drivers of fast growth Frankfurt am Main, 02-Aug-2017 — /EuropaWire/ — Successful, fast-growing enterprises are very important for economic development. … Read the full press release

Lloyds Banking Group: we are proactively reimbursing customers in relation to mortgage arrears fees

LONDON, 31-Jul-2017 — /EuropaWire/ — Lloyds Banking Group has announced it will carry out a customer contact and remediation programme in relation to mortgage arrears fees. The Group initiated a review in agreement with the FCA in relation to how … Read the full press release

Eleven members of the Management Board of Deutsche Bank AG voluntarily waived large part of their unpaid remuneration

Supervisory Board welcomes act of solidarity with the bank Frankfurt am Main, 28-Jul-2017 — /EuropaWire/ — Eleven members of the Management Board of Deutsche Bank AG (XETRA: DBKGn.DE/NYSE: DB) who served during financial crisis and thereafter have voluntarily waived a large … Read the full press release

650 graduates experienced what awaits them at Deutsche Bank over three days in London

Frankfurt am Main, 28-Jul-2017 — /EuropaWire/ — The new generation of bankers has arrived and they could not have wished for a better way to begin their careers: over three days in London, around 650 graduates got to experience what awaits … Read the full press release

Deutsche Bank Singapore won the Achievement Award – Innovative Project at the 4th Enabling Employers Awards in Singapore

Frankfurt am Main, 28-Jul-2017 — /EuropaWire/ — Deutsche Bank Singapore’s efforts to increase participation in the workplace by people with disabilities was commended by Singapore’s SGEnable, a government agency dedicated to enabling people with disabilities. The bank won the Achievement Award … Read the full press release

Deutsche Bank’s leadership in working to end youth homelessness in New York recognized by Point Source Youth

Frankfurt am Main, 28-Jul-2017 — /EuropaWire/ — At the First National Symposium on Solutions to End Youth Homelessness on June 19, lead organizer Point Source Youth presented Deutsche Bank with an award in recognition of the bank’s leadership in working to end youth … Read the full press release

Renewables: EBRD invests EUR28.3 million in bonds issued by Hellenic Petroleum

Bank invests €28.3 million in corporate bond by Hellenic Petroleum to support diversification LONDON, 27-Jul-2017 — /EuropaWire/ — The EBRD has signed the first project under its new framework for renewable energy in Greece by subscribing to €28.3 million in bonds issued by Hellenic … Read the full press release

EBRD Suma Chakrabarti met with Korean government and Green Climate Fund in Korea

Bank President holds constructive meetings LONDON, 27-Jul-2017 — /EuropaWire/ — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, gained strong backing for the EBRD’s work in the green economy during a visit to the Republic of Korea. The President … Read the full press release

EBRD and Chinese Center for International Knowledge on Development to carry out research project on special economic zones

The two organisations have signed Letter of Intent outlining cooperation LONDON, 27-Jul-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is joining forces with a Chinese development research institute, the Center for International Knowledge on Development (CIKD), to … Read the full press release

ECB appointments: Hans-Joachim Klöckers as Director General Economic Developments; Massimo Rostagno as Director General Monetary Policy

Hans-Joachim Klöckers becomes Director General Economic Developments Massimo Rostagno becomes Director General Monetary Policy Appointments effective as of 1 August 2017 Frankfurt am Main, 27-Jul-2017 — /EuropaWire/ — The Executive Board of the European Central Bank (ECB) has appointed Hans-Joachim Klöckers … Read the full press release

European Central Bank publishes draft regulation on statistical reporting requirements for euro area pension funds

ECB publishes, for public consultation, the draft regulation on statistical reporting requirements for pension funds The draft regulation is aimed at increasing transparency in this fast-growing sector of the financial services industry The period of consultation runs from today until … Read the full press release

Paschal Donohoe succeeds Michael NOONAN as EIB Governor for Ireland

LUXEMBOURG, 27-Jul-2017 — /EuropaWire/ — In June 2017, Mr Paschal DONOHOE was appointed as Minister for Finance and Public Expenditure and Reform. He also becomes EIB Governor for Ireland, succeeding Mr Michael NOONAN. Before his appointment as Minister for Finance and … Read the full press release

Kerstin JORNA succeeds Gerassimos THOMAS as a Full Member of the Board of Directors of the EIB

LUXEMBOURG, 27-Jul-2017 — /EuropaWire/ — By letter dated 17 May 2017, the European Commission nominated Ms Kerstin JORNA for appointment as a Full Member of the Board of Directors of the EIB to succeed Mr Gerassimos THOMAS, who had tendered his … Read the full press release

ECB: 331,000 counterfeit euro banknotes withdrawn from circulation in 1H 2017

331,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2017 Around 85% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes continue … Read the full press release

ECB Survey of Professional Forecasters (SPF) for Q3 2017: inflation of 1.5%, 1.4% and 1.6% in 2017, 2018 and 2019

HICP inflation expectations have been revised downwards for 2017, 2018 and 2019. Longer-term HICP inflation expectations remain unchanged at 1.8%. Expectations for HICP excluding food and energy have been revised upwards for 2017, but remained unchanged for forecast horizons further … Read the full press release

RaboResearch’s latest Global Pork Quarterly: China’s pork imports slow down, other traditional importing countries report significant growth

UTRECHT, 21-Jul-2017 — /EuropaWire/ — Global pork trade is facing new dynamics, driven by price developments, new trade deals, and more challenging business environments, according to RaboResearch’s latest Global Pork Quarterly. “While China’s pork imports have begun to slow down, … Read the full press release

ABLV Bank: Pillar actively working on the development of the business and leisure area New Hanza

RIGA, 19-Jul-2017 — /EuropaWire/ — In the first six months of 2017, Pillar was actively working on the development of the business and leisure area New Hanza, as well as continued selling out its real estate portfolio. With the intensive non-stop … Read the full press release