Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

European Investment Fund Commits €4.5 Billion to Bolster Greek SMEs and Green Economy

(IN BRIEF) The European Investment Fund (EIF) has inked guarantee agreements with Greece’s top four banks, including Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank, aiming to unlock up to €4.5 billion in financing for Greek small and … Read the full press release

Europe Leads Global Cleantech Innovation, Yet Faces Funding Gap: EIB-EPO Report

(IN BRIEF) The European Investment Bank (EIB) and the European Patent Office (EPO) released a joint report revealing that over 22% of clean and sustainable technologies worldwide are developed within the European Union (EU). Leading fields in cleantech inventions include … Read the full press release

NIB Reports Strong First Quarter Performance and Expands Green Financing Initiatives

(IN BRIEF) The Nordic Investment Bank (NIB) announces a robust performance for the first quarter of 2024, with close to EUR 1 billion in new lending signed and EUR 643 million disbursed. The bank’s annual meeting of the Board of … Read the full press release

NIB and Aktia Bank Partner to Boost SMEs and Environmental Projects in Finland with EUR 75 Million Loan

(IN BRIEF) Nordic Investment Bank (NIB) and Aktia Bank Plc have joined forces in a seven-year EUR 75 million loan agreement aimed at supporting small and medium-sized enterprises (SMEs), smaller mid-caps (SMCs), and environmental projects in Finland. With a commitment … Read the full press release

Husqvarna Secures EUR 100 Million Loan for Electric Equipment R&D

  (IN BRIEF) Nordic Investment Bank (NIB) and Husqvarna AB, a Swedish outdoor power products manufacturer, have inked a EUR 100 million 7-year loan pact to fund research and development (R&D) efforts from 2022 to 2024 in electrifying motorized equipment. … Read the full press release

CNP Assurances Enters Negotiations to Sell Insurance Operations in Cyprus and Greece to Hellenic Bank

(IN BRIEF) CNP Assurances has initiated exclusive negotiations with Hellenic Bank for the sale of its insurance operations in Cyprus and Greece. These operations, conducted through CNP Cyprus Insurance Holdings (CIH), represent a small fraction of CNP Assurances Group’s total … Read the full press release

EIB Invests €150 Million in Helsinki’s Renewable Energy Transition

(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release

European Investment Bank President Addresses UN Financing for Development Forum

(IN BRIEF) Nadia Calviño, President of the European Investment Bank Group, participates in the 2024 Financing for Development Forum at the United Nations in New York. The forum, convened by the United Nations Economic and Social Council (ECOSOC), aims to … Read the full press release

Nordea Group Chief Economist Highlights Nordic Economic Resilience Amid Global Challenges

(IN BRIEF) In a recent analysis, Helge Pedersen, Nordea Group Chief Economist, emphasizes the global economic resilience, signaling a potential soft landing. However, strong labor markets pose challenges for monetary policy, especially with the new geopolitical dynamics. While Norway and … Read the full press release

MTU Aero Engines AG Secures €300 Million Promissory Note for Corporate Financing

(IN BRIEF) MTU Aero Engines AG has achieved a significant milestone by successfully placing a €300 million promissory note (Schuldschein), which garnered strong investor interest and was oversubscribed by two-and-a-half times. CFO Peter Kameritsch noted that due to the high … Read the full press release

European Investment Fund Boosts Berlin SME Financing with €24.5 Million Guarantee

(IN BRIEF) Investitionsbank Berlin (IBB) is expanding its support for small and medium-sized enterprises (SMEs) in Berlin through a €24.5 million counter-guarantee provided by the European Investment Fund (EIF). This backing, facilitated by the InvestEU programme, allows IBB to enhance … Read the full press release

Sand to Green: A Sustainable Oasis in Morocco’s Desert

(IN BRIEF) Sand to Green, a beneficiary of the EBRD Star Venture programme, is making significant strides in combating desertification and promoting sustainable agriculture in Morocco. Founded by Benjamin Rombaut, Gautier De Carcouët, and Wissal Ben Moussa, the company utilizes … Read the full press release

Barclays Strengthens M&A Leadership Team with Key Appointments in EMEA

(IN BRIEF) Barclays has announced the appointment of Stephen Pick as Head of M&A for EMEA, Pier Luigi Colizzi as Chairman of M&A for EMEA, and Asim Mullick as Head of M&A for Financial Sponsors for EMEA. These appointments underscore … Read the full press release

Prudential Launches Climate & Health Resilience Fund to Address Climate Change Impacts

(IN BRIEF) Prudential plc, a prominent insurance company in Asia and Africa, has announced a significant investment of US$2.5 million through its community investment arm, Prudence Foundation, to tackle the effects of climate change on health and enhance climate resilience, … Read the full press release

Lithuania Advances Rail Electrification with EUR 200 Million Investment in Electric and Battery Trains

(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release

Intesa Sanpaolo Partners with Quid Informatica to Launch Innovative Financing Products through isybank

(IN BRIEF) Intesa Sanpaolo and Quid Informatica have inked a framework agreement facilitating the introduction of financing products by isybank, Intesa Sanpaolo’s digital bank, in the upcoming months. Qinetic, Quid’s credit process management platform, will serve as the foundation for … Read the full press release

NatWest SME PMI® Tracker Shows UK SMEs Optimistic Amidst Recovery and Sustainable Investment Plans

(IN BRIEF) The latest NatWest SME PMI® Tracker reveals a robust expansion in business activity among UK SMEs during the first quarter of the year, with a Business Activity Index of 52.6 in March, indicating growth. This growth is largely … Read the full press release

EBRD Supports Nrep’s Innovative Housing Concept in Poland with PLN 58.9 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended a loan of PLN 58.9 million (€13.7 million) to Nrep Nordic Strategies Fund IV’s Polish subsidiary to facilitate the development of residential housing in Poland. This funding will … Read the full press release

European Investment Bank Signs €215 Million Loan Agreement with Andalusia for Regional Development Projects

(IN BRIEF) The European Investment Bank (EIB) has finalized a €215 million loan agreement with the regional government of Andalusia to co-finance social, green, and digital investment initiatives in the Spanish region. This funding, part of the EU operational programme … Read the full press release

Lithuania’s Rail Revolution: EIB, NIB, and LTG Link Spearhead Electric Train Fleet Renewal

(IN BRIEF) In a landmark move towards sustainable transportation, the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link have sealed a financing deal to procure electric and battery-powered trains. With loans totaling €200 million, nine electric … Read the full press release

EIB and Ukraine Forge Strategic Partnership for Reconstruction and Growth

(IN BRIEF) The European Investment Bank (EIB) and the Government of Ukraine have solidified a strategic collaboration to bolster Ukraine’s reconstruction, recovery, and integration with the EU. This partnership, marked by a new memorandum of understanding (MoU), pledges €560 million … Read the full press release

Barclays and LTA Join Forces to Serve Up Free Park Tennis Across Britain

(IN BRIEF) Barclays and the Lawn Tennis Association (LTA) have launched a new five-year partnership aimed at getting 150,000 people playing tennis more regularly in parks across Britain. Through the initiative “Barclays Free Park Tennis,” free volunteer-led tennis sessions will … Read the full press release

Munich Re Revamps Leadership Structure to Strengthen Regional Underwriting in Asia Pacific & Africa

(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release

Allianz Group Completes Stake Disposal in Allianz Saudi Fransi to ADNIC, Streamlining Middle-East Operations

(IN BRIEF) Allianz Group has finalized the sale of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), marking a strategic move in its business operations in the Middle East. The transaction, which received regulatory … Read the full press release

EBRD Bolsters Serbian Automotive Lighting with €15 Million Loan for Energy-Efficient Expansion

(IN BRIEF) Feka Automotive, a prominent Serbian automotive lighting producer with ties to major global car manufacturers, including Toyota and Volkswagen, is set to undergo a significant expansion with the support of a €15 million loan from the European Bank … Read the full press release

European Promotional Banks Surpass Circular Economy Financing Target, Aim for Ambitious Expansion

(IN BRIEF) The Joint Initiative on Circular Economy (JICE), spearheaded by prominent European Union public promotional banks and institutions, has exceeded its initial €10 billion financing goal for circular economy projects, reaching €11.57 billion by the close of 2023. At … Read the full press release

EIB Invests €150 Million in Bhutan’s Renewable Energy Drive: A Step towards Carbon Neutrality

(IN BRIEF) In a landmark move, the European Investment Bank (EIB) has granted a €150 million loan to Bhutan, marking its first-ever investment in the country. This funding aims to bolster Bhutan’s renewable energy sector, particularly through the development of … Read the full press release

Taylor Swift Fans Warned of Rising Ticket Scams Ahead of UK Tour

(IN BRIEF) As excitement mounts for Taylor Swift’s long-awaited UK tour, fans have fallen prey to a surge in concert ticket scams, with fraudsters exploiting social media platforms to target eager concert-goers. Analysis by Lloyds Bank reveals a concerning trend, … Read the full press release

EIB and Seine-Maritime Department Invest €150 Million in School Modernization

(IN BRIEF) The European Investment Bank (EIB) has signed a €150 million, 25-year finance contract with the French department of Seine-Maritime, aiming to modernize the learning environments of 13,000 pupils across the region. This initiative, part of the department’s Plan … Read the full press release

EIB Grants €400 Million Loan for Green Energy Grid Expansion in Thuringia

(IN BRIEF) The European Investment Bank (EIB) is providing a €400 million loan to Thüringer Energie AG (TEAG), a municipal energy supplier in Thuringia, Germany, to upgrade and digitize the electricity grid. This investment, totaling around €600 million, aims to … Read the full press release

Multilateral Development Banks Unveil Global Vision for Circular Finance at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024 in Brussels, leading multilateral development banks (MDBs) presented their Circular Economy Working Group’s shared vision on the role of MDBs in supporting the circular economy. The session, titled “Shaping a … Read the full press release

EIB Board Greenlights €4.3 Billion Investment Across Europe for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release

Multilateral Development Banks Unveil Shared Vision for Circular Economy at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) revealed their collaborative vision on the role of MDBs in advancing the circular economy. Emphasizing the significance of circularity in achieving sustainable and equitable development, MDB … Read the full press release

EIB President Leads Delegation to Washington DC for Multilateral Development Meetings

(IN BRIEF) The European Investment Bank (EIB) Group, led by President Nadia Calviño, is set to participate in the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington DC. The delegation, including Vice-Presidents Ambroise … Read the full press release

Lviv Completes Urban Mobility Upgrade with New Tram Fleet Amid War, Thanks to EIB Loan

(IN BRIEF) Lviv, a city in western Ukraine, celebrates the successful implementation of a project aimed at enhancing urban mobility, marked by the acquisition of ten low-floor trams. Financed by a €17.4 million loan from the European Investment Bank (EIB), … Read the full press release

BII and FMO Join Forces to Propel BECIS’ Clean Energy Expansion in South and South-East Asia

(IN BRIEF) British International Investment (BII) and FMO have collaborated to provide a joint loan commitment of US$50 million to BECIS, a leading Energy as a Service (EaaS) provider in South-East Asia. This financing will support BECIS’ ambitious plans to … Read the full press release

Schroders Capital Expands PDCA Business with Key Senior Appointments

(IN BRIEF) Schroders Capital’s Private Debt and Credit Alternatives (PDCA) division has announced the addition of two senior professionals to its team, signaling the firm’s commitment to meeting the growing client demand for income and income alternatives. Jason Kezelman joins … Read the full press release

BBVA Launches Miami Office for Latin American Wealth Management

(IN BRIEF) BBVA Global Wealth Advisors (GWA) recently inaugurated its Miami office, marking a strategic move to cater to high-net-worth Latin American clients seeking investment advisory services. With over 30 professionals, the Miami-based unit aims to provide tailored solutions to … Read the full press release

Lloyds Bank Completes Groundbreaking Paperless Trade Deal Using eBL and dPN

(IN BRIEF) In a significant milestone for digital trade, Lloyds Bank has executed its first transaction employing an electronic Bill of Lading (eBL) on the WaveBL platform, marking a move towards entirely paperless exchanges in international trade. Partnering with Somerset-based … Read the full press release

EU Initiative Boosts Resilience for Western Balkans SMEs

(IN BRIEF) The European Union’s Western Balkans Enterprise Development and Innovation Facility (WB EDIF) launches the Guarantee for SME Resilience Initiative, injecting €60 million to enhance access to finance for small and medium enterprises (SMEs) in the region. Through partnerships … Read the full press release