Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Ageas Releases Insightful Whitepaper on Responsible Investing Practices

(IN BRIEF) Ageas, in collaboration with the Federation of Enterprises in Belgium (FEB), has released a new whitepaper on sustainable investing. This initiative underscores Ageas’s commitment to responsible investment practices, with a focus on environmental sustainability. The company’s ‘Impact24’ strategy, … Read the full press release

European Investors Gain Access to Artwork Trading Through CACEIS-ARTEX Collaboration

(IN BRIEF) CACEIS, a leading cash equity clearing provider in Europe, has expanded its clearing options by connecting to ARTEX Global Markets, a multilateral trading facility (MTF) where shares in iconic artworks are traded. This integration allows broker-dealers, market makers, … Read the full press release

Crédit Agricole’s CA Auto Bank Unveils Comprehensive Sustainability Plan, Targets Electric Mobility Surge by 2026

(IN BRIEF) CA Auto Bank, a subsidiary of Crédit Agricole Personal Finance & Mobility, unveils its ambitious 2024-2026 Sustainability Plan, aiming to drive ethical profits while championing sustainability across its operations. Anchored by four strategic pillars – Sustainable Mobility, Innovation … Read the full press release

EIF and MDB Collaboration to Foster Economic Development and Job Creation in Malta

(IN BRIEF) The European Investment Fund (EIF), in collaboration with the Malta Development Bank (MDB), is set to provide guarantees totaling €20 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Malta. These guarantees, backed by InvestEU, … Read the full press release

Banking on Climate Resilience: BIS and MAS Launch Project Viridis to Navigate Financial Risks

(IN BRIEF) Project Viridis, a collaborative effort between the Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS), introduces a groundbreaking blueprint for integrating regulatory frameworks with climate data to address climate-related financial risks. The initiative, outlined … Read the full press release

Ageas Projects Shine in Prestigious Awards Program

(IN BRIEF) Ageas celebrates recognition in the prestigious Quorus Awards, with four of its innovative projects making it to the final rounds of this esteemed program. Among nearly 300 entries spanning 40 countries, Grupo Ageas Portugal and AKsigorta in Türkiye … Read the full press release

SEB Affirms Commitment to Inclusion by Joining Stockholm Pride 2024

(IN BRIEF) SEB, a prominent financial institution, has announced its inaugural participation as an official partner in Stockholm Pride 2024, highlighting its commitment to fostering inclusivity within the organization and beyond. Johan Torgeby, SEB’s President and CEO, emphasized the bank’s … Read the full press release

Deutsche Telekom Strengthens Majority Stake in T-Mobile US Through SoftBank Agreement

(IN BRIEF) Deutsche Telekom has announced its acquisition of approximately 6.7 million additional shares in its subsidiary, T-Mobile US (TM US), through a strategic agreement with SoftBank from Japan. This move comes as Deutsche Telekom exercises call options on TM … Read the full press release

CEB Award Recognizes Warsaw Ukrainian School’s Exceptional Efforts in Refugee Integration

(IN BRIEF) The Warsaw Ukrainian School (SzkoUA) receives the prestigious CEB Award for Social Cohesion for its outstanding efforts in integrating refugee children from Ukraine, offering a dual Ukrainian-Polish curriculum and prioritizing mental well-being through access to psychological support. Established … Read the full press release

Barclays Continues Expansion Strategy with Key Hire for German-speaking Markets

(IN BRIEF) Barclays, a leading global financial institution, has announced the appointment of Christian Wagner as the Head of Investment Banking for Germany, Austria, and Switzerland (DACH). In this role, Mr. Wagner will oversee the entire Investment Banking business for … Read the full press release

DNB Enhances SME Support with EIF Partnership, Unlocks NOK 2.5 Billion in Funding

(IN BRIEF) Norway’s largest lender, DNB Bank ASA, has partnered with the European Investment Fund (EIF) to bolster support for small and medium-sized enterprises (SMEs) through a groundbreaking collaboration. Backed by an EIF guarantee under the InvestEU program, DNB will … Read the full press release

InvestEU Program Bolsters SME Support: EIF and Innovation Norway Ink Landmark Deals

(IN BRIEF) The European Investment Fund (EIF) and Innovation Norway have sealed two groundbreaking agreements aimed at bolstering financing opportunities for small and medium-sized enterprises (SMEs) in Norway. This strategic collaboration will empower Innovation Norway to expand its lending volume, … Read the full press release

EIF Leads €100 Million Pledge to RIVE Infrastructure Impact Fund in Green Transition Push

(IN BRIEF) The European Investment Fund (EIF) has pledged €100 million to the RIVE Infrastructure Impact Fund (RIIF), marking a significant commitment to the energy transition in Europe. Managed by RIVE Private Investment, RIIF focuses exclusively on supporting SMEs across … Read the full press release

Breaking Ground: InvestEU Programme Launches in Iceland with Byggðastofnun Guarantee Pact

(IN BRIEF) In a significant move to bolster Icelandic small entrepreneurship beyond the capital region, the European Investment Fund (EIF) has inked a guarantee agreement with the Icelandic regional development agency, Byggðastofnun, under the European Commission’s InvestEU initiative. This agreement … Read the full press release

European Investment Bank and Deutsche Kreditbank Strengthen 25-Year Collaboration with Renewables Initiative

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Kreditbank (DKB) recently celebrated their 25-year partnership by signing a new agreement at DKB’s Berlin headquarters, aimed at supporting renewable energy projects for Small and Medium Enterprises (SMEs) in Germany. Under … Read the full press release

EU and Nefco Transform University Facilities into Social Housing for IDPs in Ivano-Frankivsk

(IN BRIEF) In response to the pressing need for safe housing for internally displaced persons (IDPs) in Ivano-Frankivsk, a city in western Ukraine, the European Union and Nefco have undertaken a transformative initiative. With approximately 41,000 IDPs seeking refuge in … Read the full press release

MCFA’s Partnership with ENGIE Energy Access Mozambique to Propel Sustainable Cooking Solutions in Mozambique

(IN BRIEF) The Modern Cooking Facility for Africa (MCFA) has joined forces with ENGIE Energy Access Mozambique to advance clean cooking solutions in Mozambique, backed by EUR 1.3 million in funding. Through ENGIE’s subsidiary in Mozambique, innovative biodigester technology will … Read the full press release

ABN AMRO’s Chantal Korteweg Honored with Changemaker Award at Financial Alliance of Women’s Annual Summit

(IN BRIEF) Chantal Korteweg, Head of Social Impact & Inclusive Banking at ABN AMRO, was honored with the Changemaker Award at the Financial Alliance of Women’s Annual Summit for her significant contributions to advancing opportunities for women entrepreneurs, particularly through … Read the full press release

EBRD and EU Launch €12.5 Million Programme to Boost Lebanese SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a €12.5 million programme aimed at supporting small and medium-sized enterprises (SMEs) in Lebanon to enhance resource efficiency and circularity measures. Over a … Read the full press release

EBRD Mobilizes Funding to Strengthen Ukraine’s Energy Security

(IN BRIEF) In response to recent attacks by Russia on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has pledged over €300 million in additional funding to support the country’s state-owned energy companies. This commitment, formalized through … Read the full press release

Strategic Alliance: EIB and Banco Sabadell Drive Economic Cohesion in Spain

(IN BRIEF) The European Investment Bank (EIB) and Banco Sabadell have joined forces in a significant deal, signing a guarantee agreement worth up to €200 million, which is the first phase of a broader operation of €300 million. Over the … Read the full press release

NatWest Group Champions Startup Growth with Expanded Accelerator Initiative

(IN BRIEF) NatWest plans to accept up to 2,500 entrepreneurs into its accelerator program in September, urging business owners seeking growth opportunities to apply. As the largest bank for startups in Great Britain, NatWest Group serves around one in five … Read the full press release

CACEIS Achieves Record Asset Milestones Following RBC IS Acquisition Integration

(IN BRIEF) Since June 1st, 2024, following the acquisition of Royal Bank of Canada’s (RBC) European asset servicing operations, all staff across various locations have been consolidated under unified legal frameworks. Concurrently, efforts are underway to migrate clients to this … Read the full press release

Deutsche Bank Plans Additional Tier 1 Securities Issue, Denominated at €200,000 Each

(IN BRIEF) Deutsche Bank AG announced its intention to issue Additional Tier 1 (AT1) capital securities to support its Tier 1 leverage ratio and meet Pillar 1 and 2 AT1 requirements, with a first call date set for October 30, … Read the full press release

ABN AMRO and Roxeanne Hazes Release Tribute Song to Dutch Football Icon Sherida Spitse

(IN BRIEF) ABN AMRO, in collaboration with Roxeanne Hazes, has unveiled a tribute song and video clip titled “Omdat je me ziet” (Because you see me) dedicated to Sherida Spitse, a revered figure in Dutch women’s football. This initiative aims … Read the full press release

Frédéric de Courtois Elected President of Insurance Europe, Vows to Drive Competitive Solutions

(IN BRIEF) Frédéric de Courtois, Deputy CEO of AXA Group, has been unanimously elected as President of Insurance Europe, leading the federation of European insurance and reinsurance associations for the next three years. In his inaugural speech at the 14th … Read the full press release

BBVA Expands Emission Reduction Targets to Real Estate and Aluminum Sectors

(IN BRIEF) BBVA, in its commitment to decarbonization, has expanded its intermediate emission reduction targets for 2030 to include the real estate sector in Spain and the global aluminum industry. These sectors join the list of targets set by the … Read the full press release

EBRD Empowers Local Businesses with Risk Sharing Framework, Boosting Growth in Armenia, Mongolia, and Uzbekistan

(IN BRIEF) At the European Bank for Reconstruction and Development’s (EBRD) 33rd Annual Meeting and Business Forum in Yerevan, the Bank unveiled its latest initiative under the Risk Sharing Framework (RSF) to bolster domestic businesses in Armenia, Mongolia, and Uzbekistan. … Read the full press release

EIB Signs €75.5 Million Deal to Revamp Montenegro’s Railways, Boosting Connectivity and Sustainability

(IN BRIEF) In a significant move towards enhancing transportation infrastructure, the European Investment Bank (EIB) Global has sealed a €75.5 million financial agreement for the reconstruction of a crucial 167 km railway section connecting Bar, Podgorica, and Vrbnica in Montenegro. … Read the full press release

Barclays Warns of Rising Ticket Scams Ahead of Summer Events

(IN BRIEF) Barclays issues a cautionary alert to sports and entertainment enthusiasts as reports of purchase scams, especially in ticketing, surged in July 2023, with men losing an average of £325 and women £156 to ticket scams. The bank’s data … Read the full press release

EIB Invests €25 Million in Amethis Fund III to Boost African Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB Global) has committed €25 million to Amethis Fund III, signaling a strategic move to bolster medium-sized companies across Africa. Amethis Fund III targets sectors crucial for the continent’s growth, including healthcare, logistics, manufacturing, … Read the full press release

Societe Generale and Envision Join Forces for Green Technology Advancements

(IN BRIEF) Societe Generale and Envision have inked a Memorandum of Understanding (MOU) aimed at driving forward the development of green technologies and optimizing the carbon footprint of businesses in line with global energy transition goals. The collaboration entails Societe … Read the full press release

Aviva Completes £130 Million Deal to Secure Telereal Pension Plan Benefits

(IN BRIEF) Aviva has successfully finalized a £130 million bulk purchase annuity full scheme buy-in with the Trustee of the Telereal Pension Plan, sponsored by Telereal Services Limited. This move will see Aviva insuring defined benefit liabilities for approximately 500 … Read the full press release

Generali Champions Gender Equality and Youth Empowerment through Sailing

(IN BRIEF) In its ongoing commitment to fostering diversity and inclusion, Generali, the presenting sponsor of Barcolana, continues to champion gender equality and youth empowerment in the sailing community. With initiatives like the Generali Women in Sailing Trophy, dedicated to … Read the full press release

ABN AMRO Expands Presence in German Private Banking Market with HAL Acquisition

(IN BRIEF) ABN AMRO announces its agreement with Fosun International to acquire Hauck Aufhäuser Lampe (HAL), a prominent German private bank, positioning Bethmann Bank, ABN AMRO’s private banking arm, as one of the largest providers of banking services for affluent … Read the full press release

EIB Boosts Healthcare Infrastructure in Castilla y León with €120 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has committed €120 million in the first tranche of financing, out of a total of €175 million, to the regional government of Castilla y León in Spain. The loan aims to facilitate the … Read the full press release

EIB Green Loan Boosts Brno’s Environmental Renaissance: Modernizing Wastewater Treatment

(IN BRIEF) The European Investment Bank (EIB) has recently inked a CZK 1.3 billion loan agreement with Brněnské vodárny a kanalizace (BVK), the municipal water and wastewater company in Brno, Czech Republic, aiming to revamp the city’s wastewater treatment infrastructure. … Read the full press release

EIF Commits EUR 30m to 123 Transition Energétique 2 Fund for Renewable Energy SMEs

(IN BRIEF) The European Investment Fund (EIF), under the InvestEU program, pledges EUR 30 million as a cornerstone investor to the 123 Transition Energétique 2 fund, managed by 123 Investment Managers and advised by Lendosphere. This fund aims to address … Read the full press release

Swiss Re Forecasts Surge in Life Insurance Profits as Interest Rates Rise

(IN BRIEF) Swiss Re Institute predicts a significant upswing in profitability for the life insurance industry as global interest rates climb, with an estimated additional USD 1.5 trillion in global life savings premiums projected over the next decade. Higher interest … Read the full press release

EIB President Calviño Engages in Strategic Talks during Portugal Visit

(IN BRIEF) Nadia Calviño, President of the European Investment Bank Group (EIB Group), embarked on a diplomatic mission in Portugal, engaging in crucial discussions aimed at bolstering strategic investments and partnerships in the country. Meeting with key figures including Minister … Read the full press release