Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Danmarks Nationalbank Joins Eurex’s Cleared Repo Markets

(IN BRIEF) Danmarks Nationalbank, the central bank of Denmark, has become the second central bank outside the euro area to actively trade and centrally clear repo transactions at Eurex. Eurex’s cleared repo markets, which currently have over 160 registered participants, … Read the full press release

EIF Invests €40 Million in Blume Equity to Boost European Climate Tech Startups

(IN BRIEF) The European Investment Fund (EIF) is injecting €40 million into Blume Equity, a leading European climate tech growth fund, with support from the InvestEU program. This investment, one of EIF’s largest in a first-time growth-stage fund, aims to … Read the full press release

EIB President Werner Hoyer Urges Equitable Climate Action at UNGA

(IN BRIEF) At the 78th General Assembly of the United Nations (UNGA), EIB President Werner Hoyer emphasized the importance of ambitious climate action and global development partnerships. Speaking at the Climate Ambition Summit, President Hoyer highlighted the economic potential of … Read the full press release

Stockholm Hosts 12th European Investment Bank Social Innovation Tournament

(IN BRIEF) Fifteen of Europe’s leading social innovators are set to compete in the 12th European Investment Bank Institute Social Innovation Tournament in Stockholm on September 28. These innovators from ten countries have developed projects with remarkable social, ethical, or … Read the full press release

Jos Dijsselhof, CEO of SIX, Elected as Vice Chairman of the World Federation of Exchanges (WFE)

(IN BRIEF) Jos Dijsselhof, the CEO of SIX, has been unanimously elected as the new Vice Chairman of the World Federation of Exchanges (WFE) during its Annual Meeting. He will serve a two-year term in this role. Previously, Dijsselhof held … Read the full press release

UniCredit Plans €2.5 Billion Share Buy-Back as Part of 2023 Distribution Strategy

(IN BRIEF) UniCredit S.p.A. has announced its intention to launch a tranche of its 2023 share buy-back program, with a maximum value of €2.5 billion. The bank cites its strong capital levels, robust financial performance, solid asset quality, and lower … Read the full press release

ING Completes Share Buyback Program by Repurchasing 2.3 Million Shares

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced the completion of its €1.5 billion share buyback program, which was launched on May 11, 2023. During the week of September 11 to September 15, 2023, the bank repurchased 2,315,477 shares at an average price … Read the full press release

BBVA Launches Game-Changing API Connectivity for Treasury Solutions

(IN BRIEF) BBVA has introduced new API connectivity for its treasury solutions, significantly reducing integration times for BBVA Pivot Connect by 80 percent. The initial set of APIs available on BBVA Pivot allows companies to manage supplier payments, track international … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

European Property Developer CTP Invests €200 Million in Solar Expansion with EIB Backing

(IN BRIEF) CTP, Europe’s major industrial property developer, secures €200 million in financing from the European Investment Bank (EIB) to fund extensive solar panel installations across its European business parks. The funding aligns with the EIB’s REPowerEU initiative to reduce … Read the full press release

EIB and UN Agencies Team Up to Drive Climate and Social Projects Worldwide

(IN BRIEF) The European Investment Bank (EIB) and five United Nations (UN) institutions have signed an agreement to enhance their collaboration on projects aimed at achieving Sustainable Development Goals. This agreement allows the EIB to directly finance technical assistance and … Read the full press release

SEB Announces Date for Annual General Meeting in 2024 and Composition of Nomination Committee

(IN BRIEF) Skandinaviska Enskilda Banken AB (SEB) has scheduled its Annual General Meeting for March 19, 2024. The bank’s Nomination Committee, responsible for proposing Directors and related matters, consists of members appointed by major shareholders, including Petra Hedengran (Investor) as … Read the full press release

NatWest Group Expands Collaboration with AWS to Harness AI for Financial Wellbeing

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest Group has announced an expanded collaboration with Amazon Web Services (AWS) to accelerate the use of artificial intelligence (AI), including AWS’s generative AI solutions, to help 10 million people manage their financial wellbeing by the end of … Read the full press release

Lloyds Banking Group Invests €3 Million in Enigio to Advance Digital Documentation in Trade

(IN BRIEF) Lloyds Banking Group has made a strategic investment of €3 million in Enigio, a technology company specializing in digital documentation for trade transactions. This investment will support the expansion of Enigio’s trace:original solution, which eliminates the need for … Read the full press release

Amundi and Sand Grove Capital Launch UCITS Fund for Event-Driven Equity Strategy

(IN BRIEF) Amundi, Europe’s largest asset manager, and Sand Grove Capital Management LLP have unveiled the Amundi Sand Grove Event Driven Fund. This fund, available on the Amundi Alternatives UCITS platform, focuses on a global event-driven equity strategy with a … Read the full press release

EIB and Deutsche Bank Forge €600 Million Agreement to Bolster Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EBRD Invests €4.6 Million to Enhance Public Transport and Street Lighting in Moldova’s Balti

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €4.6 million loan to the city of Balti in Moldova to support the enhancement of public transport and street lighting infrastructure. This investment, totaling €7 million, will … Read the full press release

EBRD Provides $20 Million Loan to Boost Egypt’s Agribusiness Sector through Afia International

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release

EIB and COFINA Partner to Advance Sustainable Agricultural Value Chains in Côte d’Ivoire and Senegal with €26.8 Million Funding

(IN BRIEF) Compagnie Financière Africaine (COFINA) in Côte d’Ivoire and Senegal, in collaboration with the European Investment Bank (EIB) and European Commission support, have signed a memorandum of understanding to promote the development of sustainable agricultural value chains. This agreement … Read the full press release

EIB Funds State-of-the-Art Children’s Hospital in Burgas, Bulgaria, Pioneering 21st Century Healthcare

(IN BRIEF) The European Investment Bank (EIB) has signed a €12.8 million loan agreement with the Municipality of Burgas in Bulgaria to co-finance the construction of a specialized children’s hospital. This modern facility, equipped with zero-emission technologies, aims to provide … Read the full press release

EIB and Deutsche Bank Collaborate to Inject €600 Million into Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EIB and Enefit Green Partner to Fund €180 Million Wind Farm in Estonia

(IN BRIEF) Enefit Green and the European Investment Bank (EIB) have inked a €180 million financing deal to support the construction of Estonia’s Sopi-Tootsi onshore wind farm, boasting a 255-megawatt capacity with 38 wind turbines. This strategic collaboration will significantly … Read the full press release

Alpha Group to Acquire 85% Stake in ING-Nurtured Fintech Cobase

(IN BRIEF) The Alpha Group, based in the UK, has announced its intention to acquire an 85% stake in Cobase, a fintech company nurtured by ING that provides a platform for corporates to manage their banking relationships, accounts, and transactions … Read the full press release

EIB and Deutsche Bank Collaborate to Support Sustainable Transformation of Mid-Sized Companies

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Bank are partnering to provide long-term loans to mid-sized companies with 250 to 3,000 employees to facilitate their transition to more sustainable business models. The EIB will offer guarantees covering up … Read the full press release

European Investment Bank Provides €15 Million Loan to CrowdFarming for Sustainable Agricultural Innovation

(IN BRIEF) The European Investment Bank (EIB) has signed a €15 million venture debt loan agreement with CrowdFarming, an online platform connecting European farmers directly with consumers. Supported by the InvestEU program, this financing will enable CrowdFarming to enhance its … Read the full press release

Wärtsilä’s Quest for Sustainable Solutions Gets a EUR 75 Million Boost from NIB

(IN BRIEF) The Nordic Investment Bank (NIB) and Wärtsilä Corporation, a Finnish technology group, have entered into a ten-year EUR 75 million investment loan agreement. This partnership aims to finance Wärtsilä’s research and development (R&D) activities from 2023 to 2025, … Read the full press release

EIB Grants €60 Million Loan to Improve Maritime Accessibility at Port of Leixões

(IN BRIEF) The European Investment Bank (EIB) has agreed to provide a €60 million loan to Administração dos Portos do Douro, Leixões e Viana Do Castelo, S.A. (APDL) to fund enhancements in maritime accessibility at the Port of Leixões. This … Read the full press release

Coface Survey Reveals German Companies’ Payment Trends and Pessimistic Business Outlook

(IN BRIEF) Coface’s latest survey on corporate payment experience in Germany indicates a return to normalcy in payment trends after the disruptions caused by the COVID-19 pandemic and the war in Ukraine. In 2023, more companies offered payment terms, resembling … Read the full press release

Nordic Investment Bank Advances Sustainability with SEK 2 Billion Environmental Bond

(IN BRIEF) Nordic Investment Bank (NIB) has issued a SEK 2 billion Environmental Bond (NEB), marking its commitment to sustainability. This is NIB’s second NEB this year, following a EUR 500 million issuance in January. The funds raised will support … Read the full press release

BBVA Launches $750 Million Contingent Convertible Bond in U.S. Markets

(IN BRIEF) On Monday, BBVA initiated the issuance of a $750 million contingent convertible (CoCo) bond in dollars, registered under the U.S. Securities and Exchange Commission (SEC). This CoCo bond, with a six-year amortization option, carries an initial price of … Read the full press release

NatWest Regional PMI® Survey Shows Broad Decline in UK Business Activity Amid Weak Demand

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) The latest NatWest Regional PMI® survey for August has revealed a widespread decline in business activity across the UK due to weakening demand for goods and services. Of the 12 monitored regions and nations, only Wales and London … Read the full press release

Societe Generale and Brookfield Asset Management Partner to Launch EUR 10 Billion Private Investment Grade Debt Fund

(IN BRIEF) Societe Generale and Brookfield Asset Management have announced a strategic partnership to create a private investment grade debt fund, with an initial target of EUR 10 billion in assets over the next four years, including EUR 2.5 billion … Read the full press release

EIF and Arbevel Partner to Provide €72 Million Boost for SMEs and Sustainability through InvestEU

(IN BRIEF) The European Investment Fund (EIF) backed by the InvestEU program has partnered with Arbevel to provide a portfolio guarantee of up to €72 million in financing for SMEs and lower mid-caps. This agreement encompasses three InvestEU windows: “Innovation … Read the full press release

EBRD Invests €15 Million in PHH Group to Boost E-commerce Expansion in the Baltic States

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €15 million in PHH Group, a leading e-commerce platform in the Baltic states. This investment aims to support the expansion of PHH Group’s logistical capacity and cross-border fulfillment … Read the full press release

EIB President Hoyer Offers Condolences and Financial Support to Morocco After Devastating Earthquake

(IN BRIEF) President Hoyer of the European Investment Bank (EIB) expressed heartfelt condolences and solidarity with Morocco following a powerful earthquake near Marrakech with a magnitude of 6.8. In a letter to King Mohammed VI, he offered assistance in rebuilding … Read the full press release

Ukrainian Siblings Transform Family Yeast Business into Global Success Story

(IN BRIEF) Ukrainian siblings, Olena and Rostyslav Vovk, have transformed their family business, Enzym Group, from a Soviet-era yeast plant into a modern, diversified company. Enzym Group is now a market leader in the yeast industry and produces yeast food … Read the full press release

EU-Funded Remediation Project Tackles Legacy Uranium Mining Sites in Uzbekistan

(IN BRIEF) Remediation work at legacy uranium mining sites in Uzbekistan is being funded by a €9 million grant from the Environmental Remediation Account for Central Asia (ERA), established by the European Union (EU) and managed by the European Bank … Read the full press release

Banque Populaire, SOCAMA, and EIF Sign €1 Billion Agreement to Support French SMEs

(IN BRIEF) Banque Populaire, Fédération Nationale des SOCAMA, and the European Investment Fund (EIF) have signed a €1 billion loan counter-guarantee agreement under the SME Competitiveness InvestEU program. Over two decades, this partnership with EIF has facilitated €9 billion in … Read the full press release

EBRD Provides €25 Million Loan to AKLease in Turkey for Green Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ak Finansal Kiralama (AKLease) in Turkey. This loan, part of the EBRD’s Green Economy Financing Facility (GEFF), is aimed at supporting green and … Read the full press release

Europe’s Electricity Grids Face Crucial Upgrade to Accommodate Renewable Energy Surge

(IN BRIEF) The “Future of our grids” conference in Brussels is addressing the need to accelerate the development of electricity grids in Europe to accommodate the rapid growth of renewable energy sources like wind and solar. Current grid infrastructure struggles … Read the full press release