Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Barclays Strengthens Energy Transition Focus with New Co-Heads Appointment

(IN BRIEF) Barclays reinforces its commitment to supporting clients in transitioning to a low-carbon economy by appointing Rafael Abati as Co-Head of the Energy Transition Group (ETG) in EMEA, alongside Marie Freier. With almost two decades of experience from UBS … Read the full press release

Matteo Patrone Appointed Vice President, Banking at EBRD

(IN BRIEF) Matteo Patrone has been appointed as Vice President, Banking at the European Bank for Reconstruction and Development (EBRD), effective May 1st, 2024. In his new role, Patrone will oversee the effective delivery of the bank’s investment and advisory … Read the full press release

EBRD Supports Avis Greece’s Green Fleet Transition with €108.3 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €108.3 million loan to Avis Greece to aid in the electrification of its car fleet. This investment is part of Avis Greece’s initiative to replace internal-combustion-engine vehicles … Read the full press release

EIF Commits €40 Million to Boost Sustainable Agriculture in Europe

(IN BRIEF) The European Investment Fund (EIF) is allocating €40 million to support the European Agri Transition Fund, aimed at fostering a fairer, healthier, and more sustainable food system in Europe. Managed by INOKS Capital, the fund targets SMEs and … Read the full press release

EIB and Maspex Group Seal €42 Million Deal for Sustainable Production Upgrades

(IN BRIEF) The European Investment Bank (EIB) has signed a €42 million agreement with Maspex Group, a major food and beverage producer in central and southeastern Europe, to enhance energy efficiency and sustainability across their production plants in Poland and … Read the full press release

EIB and EIF Partner with Erste Bank to Propel SME Lending in Austria through Synthetic Securitisation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have collaborated with Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) to facilitate SME lending in Austria through a pioneering synthetic securitisation transaction. This landmark transaction, the … Read the full press release

EBRD Posts €2.1 Billion Profit in 2023 Following Record Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has reported a profit of €2.1 billion for 2023, marking a significant turnaround from the €1.1 billion losses incurred in 2022 due to the Russian invasion of Ukraine. The bank’s … Read the full press release

EBRD Invests €22 Million to Propel Farmak’s Expansion into Polish Market

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €22 million loan to Ukrainian pharmaceutical giant Farmak Group to facilitate its strategic acquisition of a Polish pharmaceutical company and to upgrade its IT systems. Farmak, a … Read the full press release

EIB Group’s €49 Million Guarantee Empowers Erste Bank to Boost SME Lending in Austria

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have joined forces to provide Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a €49 million guarantee for a synthetic securitisation transaction, marking Austria’s first such … Read the full press release

EIB and Maib Forge €94 Million Deal to Boost Green Investments and MSMEs in Moldova

(IN BRIEF) At the EU-Moldova Private Sector Investment Conference in Chișinău, the European Investment Bank (EIB Global) sealed two agreements with Moldova’s leading bank, maib. The first involves a €50 million loan aimed at enhancing access to finance and promoting … Read the full press release

EBRD Backs Ukrgasbank with €12.5 Million Facility to Boost Ukrainian Private Sector Amidst War

(IN BRIEF) Amidst ongoing conflict in Ukraine, the European Bank for Reconstruction and Development (EBRD) is providing a €12.5 million unfunded portfolio risk-sharing facility to Ukrgasbank, aimed at unlocking €50 million of fresh financing for the country’s private sector. Signed … Read the full press release

EBRD Extends €50 Million Facility to Oschadbank, Boosting Ukraine’s Private Sector Amidst War

(IN BRIEF) In a bid to bolster Ukraine’s private sector amidst the ongoing conflict, the European Bank for Reconstruction and Development (EBRD) is extending a €50 million unfunded portfolio risk-sharing facility to Oschadbank. This initiative aims to unlock €200 million … Read the full press release

EBRD and NBU Forge Partnership to Enhance Veteran Reintegration in Financial Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the National Bank of Ukraine (NBU) have inked a Memorandum of Understanding aimed at bolstering human capital resilience in Ukraine by fostering greater accessibility of war veterans to the … Read the full press release

ICO and EIF Boost Aquisgrán Fund by €110 Million to Support Spanish SMEs

(IN BRIEF) Spain’s Aquisgrán fund, launched in 2021 by SGR-Cesgar and supported by the Ministry of Industry through CERSA, receives a significant investment boost of €110 million from Instituto de Crédito Oficial (ICO) and the European Investment Fund (EIF). With … Read the full press release

Accenture Strengthens European Foothold with Acquisition of Axis Corporate in Spain

(IN BRIEF) Accenture (NYSE: ACN) has bolstered its European presence with the acquisition of Axis Corporate, a renowned Spanish management and technology consulting firm specializing in financial services. With a focus on strategy and technology, Axis Corporate brings expertise in … Read the full press release

NIB Partners with Latvian Air Transport Infrastructure Company LGS to Advance Air Navigation Technologies

(IN BRIEF) Nordic Investment Bank (NIB) has entered a nine-year loan agreement with Latvijas Gaisa Satiksme (LGS) to co-finance its investment program for air navigation advancements from 2024 to 2026. The EUR 25 million loan will support the modernization and … Read the full press release

Aviva Joins Partnership to Finance 250 Zero Emission Buses Across UK

(IN BRIEF) Rock Rail, the UK Infrastructure Bank, and Aviva Capital Partners have collaborated to establish a funding platform for zero emission bus financier, ‘Rock Road,’ committing an initial £100 million to fund up to 250 zero emission buses and … Read the full press release

Intesa Sanpaolo Partners with A2A to Power Operations with Renewable Energy

(IN BRIEF) In its ongoing commitment to reduce emissions and align with its ESG strategy, Intesa Sanpaolo has signed an agreement with A2A to procure electricity from renewable sources. This agreement, spanning ten years, will see Intesa Sanpaolo sourcing around … Read the full press release

Societe Generale Joins Leading Banks to Introduce Pegasus Guidelines for Measuring Aviation Portfolio Emissions

(IN BRIEF) Societe Generale, alongside BNP Paribas, Citi, Crédit Agricole CIB, and Standard Chartered, in collaboration with RMI (Rocky Mountain Institute), has developed the pioneering Pegasus Guidelines. These guidelines offer a voluntary climate-aligned finance framework tailored for the aviation sector, … Read the full press release

EIB Grants €45 Million Loan to CentraleSupélec for Campus Renovation

(IN BRIEF) CentraleSupélec, a renowned French engineering school, is set to undergo a transformative renovation of its historic Bréguet building, thanks to a €45 million loan from the European Investment Bank (EIB). This loan, part of the last stage of … Read the full press release

Wolters Kluwer Introduces AI-Powered Solution for Community Banks’ Compliance Management

(IN BRIEF) Wolters Kluwer Compliance Solutions has unveiled OneSumX® Reg Manager, a purpose-built solution aimed at assisting U.S. community banks and credit unions in bolstering their regulatory change management processes. This latest addition to the OneSumX portfolio suite leverages artificial … Read the full press release

EBRD, Meridiam, and Hassan Allam Utilities Join Forces to Propel Egypt’s Renewable Energy Agenda

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Meridiam and Hassan Allam Utilities (HAU) to establish HAU Energy BV, a platform aimed at investing in renewable energy projects primarily in Egypt and potentially across Africa. This … Read the full press release

EIB Provides €25 Million Financing to Wandercraft for Personal Exoskeleton Development

(IN BRIEF) French medtech company Wandercraft secures €25 million financing from the European Investment Bank (EIB) to advance the development of their groundbreaking Personal Exoskeleton. This innovative device, the first self-balancing exoskeleton designed for daily use by individuals with severe … Read the full press release

Estonia Contributes €10 Million to EU Fund for Ukraine’s Recovery Amidst Russian Aggression

(IN BRIEF) Estonia has pledged €10 million to the European Investment Bank’s (EIB) EU for Ukraine Fund, part of a broader initiative aimed at addressing Ukraine’s urgent needs and sustaining its economic stability. With support from multiple donors, including other … Read the full press release

AGL Credit Management and Barclays Launch AGL Private Credit Platform

(IN BRIEF) AGL Credit Management LP (“AGL”) and Barclays Plc (“Barclays”) have announced an exclusive Cooperation Agreement and the introduction of a new private credit investment platform, AGL Private Credit (“AGL PC”). AGL PC merges AGL’s established credit expertise with … Read the full press release

Lloyds Banking Group Leads £3 Million Investment in Coadjute to Revolutionize Home Buying Process

(IN BRIEF) Lloyds Banking Group spearheads a £3 million investment in Coadjute, a groundbreaking fintech aimed at streamlining the home buying journey by connecting all stakeholders. Joined by NatWest, Nationwide, and Rightmove, Lloyds’ investment underscores its commitment to leveraging technology … Read the full press release

MONETA and EIB Team Up to Boost Sustainable Business Growth in Czechia

(IN BRIEF) In a strategic move, MONETA secures a €100 million loan from the European Investment Bank (EIB), earmarked to enhance economic prospects for small and mid-sized businesses in Czechia. With a commitment to allocate at least 12% of the … Read the full press release

Societe Generale and AllianceBernstein Launch Joint Venture “Bernstein” for Global Equity Business

(IN BRIEF) Societe Generale (GLE) and AllianceBernstein (AB) have officially launched Bernstein, a joint venture aimed at establishing a prominent global cash equities and equity research enterprise. This collaboration, stemming from an announcement made in November 2022, signifies a significant … Read the full press release

One World Media Awards Longlist Revealed, Highlighting Women’s Solutions Reporting

(IN BRIEF) One World Media has unveiled the longlist of selected stories for its 15 award categories, including the Women’s Solutions Reporting Award, supported by the European Investment Bank. With over 500 submissions from 117 countries, journalists and filmmakers worldwide … Read the full press release

Adyen Partners with PayMe by HSBC to Expand Payment Options in Hong Kong

(IN BRIEF) Adyen, a global financial technology platform, has announced its partnership with PayMe by HSBC in Hong Kong, enabling Adyen’s merchants to accept PayMe as a payment method for online purchases. PayMe, with over three million users and acceptance … Read the full press release

UBS Group AG Concludes 2022 Share Repurchase Program, Announces 2024 Program

(IN BRIEF) UBS Group AG has successfully completed its 2022 share repurchase program, repurchasing 298,537,950 shares via a separate trading line on the SIX Swiss Exchange, totaling CHF 5,009,665,264 (USD 5,244,697,247). A portion of the repurchased shares, approved by the … Read the full press release

NIB Partners with Aalto University Foundation to Enhance Campus Infrastructure in Espoo, Finland

(IN BRIEF) Nordic Investment Bank (NIB) and Aalto University Foundation sign a EUR 45 million loan agreement for the construction and renovation of Aalto University campus buildings in Espoo, Finland. The funding supports projects aimed at enhancing higher education, research, … Read the full press release

Adyen Partners with Riverty to Introduce 14-Day Invoice Buy Now, Pay Later Solution

(IN BRIEF) Adyen collaborates with Riverty, a part of the Bertelsmann Group, to offer merchants in the DACH region a new 14-day invoice Buy Now, Pay Later (BNPL) payment method seamlessly integrated into Adyen’s fintech platform. This partnership aims to … Read the full press release

BBVA Exceeds Renewable Energy Goals and Reduces Carbon Footprint

(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release

Deutsche Bank Secures 400 Million SGD in Senior Non-Preferred Notes, Further Broadening Investor Base

(IN BRIEF) Deutsche Bank has successfully raised 400 million Singapore Dollars (SGD) in senior non-preferred notes, marking its second venture into the SGD market. The funds will be used for general corporate purposes. Jonathan Blake, Deutsche Bank’s Head of Issuance … Read the full press release

EBRD Launches Risk-Sharing Framework with PBZ to Boost Financing for Croatian Businesses

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) initiates a new risk-sharing framework with Privredna banka Zagreb d.d. (PBZ), offering up to €75 million in guarantees to share partner banks’ exposure to local enterprises in Croatia. PBZ, part … Read the full press release

European Investment Bank Boosts Polish Economy with €600 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has agreed to extend a €600 million loan to the Republic of Poland, aiming to bolster the country’s economy through investments in digital and social development. EIB Vice-President Teresa Czerwińska highlighted the strategic … Read the full press release

CEB Approves €1.3 Billion in Loans Across Europe for Social Sector Investments

(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release

ABN AMRO Collaborates with DGTL Festival for Interactive Art Installation Promoting Cultural Equality

(IN BRIEF) ABN AMRO has partnered with DGTL festival for its 2024 edition in Amsterdam, featuring the DGTL Dome interactive art installation. Initiated in collaboration with the Amsterdam Stedelijk Museum and DGTL, the DGTL Dome serves as a platform for … Read the full press release

Nordea Enhances Internal Allocation Framework for Improved Decision-Making

(IN BRIEF) Nordea announces the update of its internal allocation framework at the onset of 2024, aimed at bolstering transparency, accountability, and decision-making efficacy in capital deployment and resource allocation. The revised framework aligns business area profitability metrics with the … Read the full press release