Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

BNP Paribas Appoints New Heads for Commercial Banking and Leasing Solutions

(IN BRIEF) BNP Paribas announces the appointment of Isabelle Loc as the new Head of Commercial & Personal Banking in France, succeeding Marguerite Bérard and joining the BNP Paribas Executive Committee. With a diverse background within the group, including leadership … Read the full press release

BBVA’s Successful €1 Billion Green Bond Issue Exceeds Demand

(IN BRIEF) BBVA’s issuance of a €1 billion seven-year green senior preferred bond on Friday garnered overwhelming demand, reaching €3.3 billion, indicating investor confidence in the bank’s sustainability initiatives. The final price was set at mid-swap plus 90 basis points, … Read the full press release

BBVA Shareholders Overwhelmingly Approve Agenda Items at Annual General Meeting

(IN BRIEF) BBVA shareholders demonstrated strong support for agenda items during the Annual General Meeting, with corporate management receiving 98.2 percent of votes and a historic quorum of 71 percent. Shareholders endorsed the appointment of Enrique Casanueva and Cristina de … Read the full press release

DBDX Launches Successful Crypto Trading with ICF Bank and Bankhaus Metzler as Pilot Clients

(IN BRIEF) The Deutsche Börse Digital Exchange (DBDX) has commenced trading activities with successful transactions facilitated by ICF Bank and Bankhaus Metzler, marking a significant milestone in the institutional adoption of blockchain technology in the financial sector. With a focus … Read the full press release

EBRD Funds Modern Wastewater Treatment Plant in Kazakhstan’s Aktobe

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is spearheading efforts to tackle water treatment and environmental challenges in Aktobe, Kazakhstan’s fourth-largest municipality, through the financing of a new wastewater treatment plant and associated infrastructure. With a sovereign … Read the full press release

EIB Supports Iberdrola’s Green Grid Expansion with €700 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has approved a €700 million green loan to facilitate the expansion of Iberdrola’s electricity distribution grid in Spain, aiming to enhance the integration of renewable energy sources and enable new uses such as … Read the full press release

EBRD Supports Araltuz’s Expansion with KZT 5.5 Billion Loan for Production Facility Upgrades

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is aiding the growth of Araltuz, a prominent salt producer in Kazakhstan, by providing a convertible loan of up to KZT 5.5 billion. This funding will facilitate the modernization of … Read the full press release

EBRD First Vice President Reaffirms Support for Ukraine’s Economy Amidst War Challenges

(IN BRIEF) During his second visit to wartime Ukraine, the First Vice President of the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, emphasized the EBRD’s ongoing commitment to supporting Ukraine’s real economy and reform agenda. With more than … Read the full press release

EBRD Partners with NLB Komercijalna Banka to Boost Financing for Serbian SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a collaboration with NLB Komercijalna Banka (NLBKBB) in Serbia, providing a €15 million loan to support local small and medium-sized enterprises (SMEs). NLBKBB will utilize the loan to … Read the full press release

NIB Supports Nefab Group’s Expansion with EUR 50 Million Loan Agreement

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a EUR 50 million loan agreement with Nefab Group AB, a Swedish industrial packaging company, to facilitate its acquisitions of US PolyFlex Products Inc. and Swiss Cargopack group AG, as well … Read the full press release

EIB Loans €22 Million to Malta for Affordable Housing Construction

(IN BRIEF) The European Investment Bank (EIB) has granted a €22 million loan to Malita Investments plc, in collaboration with the Government of Malta, to address housing shortages in the country. This funding, along with a previous agreement, will support … Read the full press release

BBVA Expands Global Wealth Services with Miami-Based Entity

(IN BRIEF) BBVA Group announces the establishment of BBVA Global Wealth Advisors, Inc. in Miami, Florida, catering to high net-worth Latin American clients seeking international investment advisory solutions in the United States. The service targets non-US resident clients with assets … Read the full press release

NIB Supports Norway’s Green Maritime Transition with Norled AS Loan

(IN BRIEF) Nordic Investment Bank (NIB) has signed a 7-year loan agreement to support ferry and express boat operator Norled AS in its investments towards zero and low carbon vessels and associated land-based infrastructure in Norway from 2024 to 2030. … Read the full press release

Driving Green Growth: HeavyFinance Secures €50 Million to Drive Sustainable Agriculture in Europe

(IN BRIEF) HeavyFinance announces a €50 million fundraising for a private credit fund aimed at supporting European agricultural SMEs with tailored finance solutions to advance decarbonization efforts. With the EIF committing €20 million as a cornerstone investor and support from … Read the full press release

EIF and 123 IM Partner to Boost Sustainable Financing for French SMEs

(IN BRIEF) The European Investment Fund (EIF), supported by the InvestEU programme, has entered a portfolio guarantee agreement of €10.5 million with 123 Investment Managers (123 IM) to facilitate up to €15 million in new financing for small businesses and … Read the full press release

From Kitchen to Corporation: Maya Kuvakova’s Journey to Success

(IN BRIEF) Maya Kuvakova’s entrepreneurial journey began in a small kitchen in the Kyrgyz Republic, where she crafted dumplings to support her family while on maternity leave. Today, her company, Maminy retsepty, stands as a major producer of semi-finished foods … Read the full press release

EIB Provides €500 Million Loan to Evonik for Sustainable Transformation

(IN BRIEF) Evonik, Germany’s second-largest chemical company, has secured a €500 million framework loan from the European Investment Bank (EIB) to accelerate its sustainable transformation. The financing will support Evonik’s Next Generation Solutions portfolio, which focuses on energy-efficient, bio-based, and … Read the full press release

Lloyds Banking Group’s Strategic Move: Scottish Widows’ Bulk Annuities Sold to Rothesay

(IN BRIEF) Rothesay, the UK’s leading pensions insurance specialist, has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio from Lloyds Banking Group for approximately £6 billion. The transaction covers the pension benefits of around 42,000 individuals. This move aligns … Read the full press release

EU Bank’s Historic Investment in Mongolia to Combat Overgrazing and Promote Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) has embarked on its largest-ever financing agreement for Mongolia, injecting €54.4 million into a groundbreaking initiative. This initiative aims to address the degradation of Mongolia’s grasslands by promoting sustainable urban development and supporting … Read the full press release

EIF and France Active Forge €400 Million Alliance to Empower Social Enterprises

(IN BRIEF) The European Investment Fund (EIF) has committed €400 million to bolster France Active’s endeavors in financing socially responsible French enterprises. This collaboration involves a €45 million guarantee from EIF and a €355 million counter-guarantee for bank loans facilitated … Read the full press release

Unreasonable Impact UK & Europe Programme Welcomes 13 Ventures Addressing Climate and Social Challenges

(IN BRIEF) Unreasonable Impact, a collaboration between Unreasonable Group and Barclays, has unveiled 13 new ventures joining its UK & Europe programme, each dedicated to tackling pressing global challenges. The ventures, ranging from food waste reduction to sustainable reforestation and … Read the full press release

Nordic Investment Bank Commits EUR 125 Million Loan to Boost Innovation at Valmet Oyj

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a EUR 125 million 8-year loan agreement with Finnish company Valmet Oyj to support its research and development (R&D) initiatives in Finland and Sweden from 2023 to 2025. Valmet, a global … Read the full press release

EBRD Secures €8 Million Loan to Empower Women-Led Businesses in Georgia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), with support from the European Union (EU) and Sweden, is extending an €8 million loan to ProCredit Bank in Georgia to boost lending to women-led micro, small, and medium-sized enterprises … Read the full press release

Prudence Foundation and Malaysian Red Crescent Collaborate to Safeguard Students with ‘Safe Schools, Safe Kids’ Initiative

(IN BRIEF) Prudence Foundation, in collaboration with the Malaysian Red Crescent (MRC), is launching the ‘Safe Schools, Safe Kids’ programme across Malaysia to empower students aged 10-15 with crucial health and safety skills. The initiative aims to equip children with … Read the full press release

Lloyds Banking Group Joins Forces with Projects for Nature to Spearhead Nature Recovery Initiatives

(IN BRIEF) Lloyds Banking Group has entered into a pioneering partnership with Projects for Nature, becoming its first founding business partner. With a £250,000 donation split among three nature recovery projects in England, Lloyds aims to address national nature recovery … Read the full press release

Societe Generale Appoints Christophe Tummers as Group Chief Data Officer

(IN BRIEF) Societe Generale has named Christophe Tummers as Group Chief Data Officer, effective April 1st, 2024, reflecting the bank’s commitment to leveraging data in its transformation and strategic objectives. Reporting to Laura Mather, Group Chief Operating Officer, Tummers brings … Read the full press release

NatWest Regional PMI® Survey: UK Business Activity Grows, Confidence Improves

(IN BRIEF) The latest NatWest Regional PMI® survey reveals that business activity expanded across most UK regions in February, accompanied by an uptick in business confidence fueled by rising demand. While regions such as London saw robust growth, others like … Read the full press release

EIB and Banca Ifis Partner to Bolster Innovation in Italy’s SMEs with €300 Million Financing

(IN BRIEF) The European Investment Bank (EIB) and Banca Ifis have inked a significant agreement, marking the EIB’s maiden loan operation with an Italian bank exclusively aimed at driving innovative transitions for small and medium-sized enterprises (SMEs). The deal, valued … Read the full press release

EIB Provides €200 Million Loan to NRW.BANK for Refugee Housing Initiative in North Rhine-Westphalia

(IN BRIEF) The European Investment Bank (EIB) collaborates with NRW.BANK to allocate a €200 million framework loan aimed at facilitating the expansion and enhancement of refugee housing facilities in North Rhine-Westphalia, the most populous German state. This initiative involves constructing, … Read the full press release

Aktia Refines Strategic Priorities to Enhance Employee Experience

(IN BRIEF) Aktia, a Finnish asset manager, bank, and life insurer, announces the inclusion of “Empowering employee experience” as a strategic priority alongside other refined targets. CEO Juha Hammarén emphasizes the pivotal role of employees in driving excellent customer experience … Read the full press release

SEB Funds Earn Top Honors at LSEG Lipper Fund Awards – Europe

(IN BRIEF) Three SEB funds have been recognized at the LSEG Lipper Fund Awards – Europe for their outstanding risk-adjusted returns in the Nordic and Swedish equities categories. SEB Nordenfond and SEB Sverigefond received awards for best risk-adjusted return in … Read the full press release

NIB and Billerud Aktiebolag Ink SEK 400 Million Deal for Sustainable Packaging R&D

(IN BRIEF) The Nordic Investment Bank (NIB) and Billerud Aktiebolag (publ) have finalized a SEK 400 million investment loan agreement to support Billerud’s research and development (R&D) activities from 2023 to 2026. Billerud, a leading Swedish paper and packaging materials … Read the full press release

EIB and Ukrainian Government Collaborate on Reconstruction Efforts Amid Conflict

(IN BRIEF) The European Investment Bank (EIB) and the Ukrainian government join forces to advance reconstruction efforts in war-torn regions, allocating funds for critical infrastructure projects under the Ukraine Recovery Programme (URP) and the Ukraine Early Recovery Programme (UERP). With … Read the full press release

EIB President Nadia Calviño Meets Romanian Leadership to Discuss Future Investment Priorities

(IN BRIEF) President Nadia Calviño of the European Investment Bank (EIB) engages with Romanian President Klaus Iohannis, Prime Minister Ion-Marcel Ciolacu, and Minister of Finance Marcel-Ioan Boloş to explore strategic investment opportunities. The discussions, following a record year of EIB … Read the full press release

Lloyds Banking Group and Low Carbon Forge Decade-Long Renewables Pact

(IN BRIEF) Lloyds Banking Group has entered a 10-year Power Purchase Agreement (PPA) with Low Carbon, a global renewable energy company, to procure 50 GWh of clean electricity annually from two UK solar farms. This agreement is a significant step … Read the full press release

CACEIS Enhances Client Services with PRIIPs Reporting via Connect Store Partnership

(IN BRIEF) CACEIS has partnered with Regulatory Technology specialist AlphaOmega to offer a PRIIPs reporting service for clients of its Private Equity Real Estate Solutions business line. Available through the Connect Store, CACEIS’ online marketplace, the service provides clients with … Read the full press release

Fostering Growth: Deutsche Bank’s Initiative Revolutionizes Women’s Role in Asian Agriculture

(IN BRIEF) Deutsche Bank’s Corporate Responsibility program in Asia is empowering women in agriculture across the Philippines, Sri Lanka, and India. Through partnerships and funding, women are gaining access to education, innovative farming equipment, and sustainable practices, enhancing their livelihoods … Read the full press release

EBRD and EU-Funded Program Propel Alaska Hotel’s Sustainability Drive in Tsaghkadzor, Armenia, with Solar Investment

(IN BRIEF) Nestled in Tsaghkadzor, Armenia’s popular health resort, the Alaska Hotel is attracting visitors with its renowned Armenian hospitality and a commitment to sustainability. With support from the European Bank for Reconstruction and Development (EBRD) and the European Union … Read the full press release

European Investment Bank and Housing Finance Bank Collaborate to Boost Women Entrepreneurship in Uganda

(IN BRIEF) The European Investment Bank (EIB) and Uganda’s Housing Finance Bank (HFB) have joined forces to provide a €50 million investment aimed at supporting private sector entities, particularly SMEs, in Uganda. With a special focus on gender inclusion, at … Read the full press release

TowerCo of Africa Uganda Secures US$40 Million Financing to Expand Rural Telecom Infrastructure in Uganda

(IN BRIEF) TowerCo of Africa Uganda has secured a US$40 million financing package from European development finance partners to spearhead the installation of 506 new telecom towers in rural areas of Uganda. This initiative, supported by the European Investment Bank, … Read the full press release