Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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

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

FATF assessment of Denmark’s anti-money laundering and counter-terrorist financing system

PARIS, 08-Aug-2017 — /EuropaWire/ — Denmark has the foundations for a sound regime to tackle money laundering and terrorist financing, but needs to improve the implementation of measures to mitigate the risks, including through better assessing those risks and enhancing national … Read the full press release

EY dedicates 1,000 tax technology and performance improvement professionals in response to the impact of existing and emerging technology

LONDON, 07-Aug-2017 — /EuropaWire/ — EY announces the creation of Tax Technology and Transformation, a dedicated group of more than 1,000 tax technology and performance improvement professionals in member firms across the globe that help organizations to redefine their tax functions … 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

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

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

Admiral donates to mental health charity Growing Space

CARDIFF, 19-Jul-2017 — /EuropaWire/ — Mental health charity Growing Space is helping more clients to grow and heal thanks to two generous donations from local employer Admiral. Admiral has donated £850 to Growing Space, a charity based in Tredegar park and … Read the full press release

INFINOX Forex and CFD Broker Increases Additional Client Money Insurance to £1,000,000

INFINOX Capital Limited (“INFINOX”), an FX and CFD broker which is authorised and regulated by the Financial Conduct Authority, has increased their additional clients’ deposit protection to £1,000,000 from the previous £500,000. LONDON, 17-Jul-2017 — /EuropaWire/ — Based in the … Read the full press release

Central Bank of Ireland: Kennedy Kilbride (UK) is not authorised by the Central Bank as an investment firm

DUBLIN, 13-Jul-2017 — /EuropaWire/ — The Central Bank of Ireland (‘Central Bank’) today (12 July 2017) published the name of an unauthorised firm, Kennedy Kilbride (UK). Kennedy Kilbride (UK) is not authorised by the Central Bank as an investment firm, investment … Read the full press release

The Alexander von Humboldt Foundation selected the research institutions for the 3rd round of the Philipp Schwartz Initiative

The Humboldt Foundation grants funding which 41 universities can use to take in threatened researchers. Most of the new fellows come from Turkey and Syria BONN, 13-Jul-2017 — /EuropaWire/ — The Alexander von Humboldt Foundation has selected the research institutions for … Read the full press release

Georgette Fijneman succeeds Norbert Hoogers as Divisional Chair of the health insurer Zilveren Kruis

Zeist, Netherlands, 12-Jul-2017 — /EuropaWire/ — Georgette Fijneman has been appointed Divisional Chair of the health insurer, Zilveren Kruis, with effect from 1 August 2017. She succeeds Norbert Hoogers, who has decided to leave Achmea. Georgette Fijneman joined Achmea in March 2016 as … Read the full press release