Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

EBRD: BBC Ukrainian launches its 13th annual literary prize for the best works of fiction in Ukrainian language

LONDON, 19-Sep-2017 — /EuropaWire/ — BBC Ukrainian has launched its 13th annual literary prize for the best works of fiction in the Ukrainian language – BBC Book of the Year (Книга року BBC 2017) and BBC Children’s Book of the Year (Дитяча … Read the full press release

EBRD to fund 51 MW solar plant in the Al-Safawi area of northern Jordan

US$ 65 million to 51 MW FRV-ATC Al-Safawi Solar Power Plant LONDON, 19-Sep-2017 — /EuropaWire/ — Continuing to support Jordan’s solar programme, the European Bank for Reconstruction and Development (EBRD) is extending a US$ 65 million loan to fund a 51 MW … Read the full press release

EBRD President Sir Suma Chakrabarti praised Ukraine’s progress in the reform process in recent years

Investment climate and anti-corruption efforts discussed at high-level meetings LONDON, 19-Sep-2017 — /EuropaWire/ — EBRD President Sir Suma Chakrabarti concluded a visit to Ukraine on Friday afternoon after meetings with the country’s President Petro Poroshenko, Prime Minister Volodymyr Groyssman and a speech at the … Read the full press release

Mortgage market: Allied Irish Banks announces 0.25% reduction in its Standard Variable Rate (SVR)

DUBLIN, 18-Sep-2017 — /EuropaWire/ — Significant pricing announcement for new and existing customers with the most competitive rates Standard Variable Rate (SVR) down to 3.15% – Fifth consecutive reduction in three years Resulting in a €1,500 annual saving on 200k mortgage … Read the full press release

BIS Quarterly Review September 2017: narrow credit spreads, increased carry trade activity and looser bond covenants

BASEL, 18-Sep-2017 — /EuropaWire/ — Low inflation despite a stronger economic outlook helped push markets up in recent months and reduced the expected pace of tightening of monetary policy in major economies. Signs of increased risk-taking have become apparent in a … Read the full press release

Natixis Assurances to acquire 40% of BPCE Assurances for EUR 272 million

PARIS, 15-Sep-2017 — /EuropaWire/ — Natixis, Macif and Maif announce the signature of an agreement for Natixis Assurances to acquire 40% of BPCE Assurances from Macif (25%) and Maif (15%). Following this transaction, Natixis Assurances will be BPCE Assurances’ sole shareholder. … Read the full press release

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH inaugurated its extension building on Agrippastraße in Cologne’s city centre

Construction seen as investment in the future COLOGNE, 12-Sep-2017 — /EuropaWire/ — The “DEG-Campus” in Cologne’s city centre is taking shape: On Monday, 11 September 2017, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, inaugurated its extension building on Agrippastraße. “Our decision … Read the full press release

Citi and Deutsche Bank with first trades via LCH SwapAgent processed through MarkitSERV

Citi and Deutsche Bank execute first trades via LCH SwapAgent Service is latest innovation from LCH, introducing new efficiencies for the non-cleared derivatives market Designed to standardise and streamline OTC market infrastructure Plans to expand offering to include cross-currency swaps … Read the full press release

Vnesheconombank, International Investment Bank and Petrovietnam to finance the Long Phu 1 power plant construction in Vietnam

MOSCOW, 11-Sep-2017 — /EuropaWire/ — Vnesheconombank, International Investment Bank (IIB) and Vietnamese company Petrovietnam have entered into a tripartite memorandum determining the cooperation framework in financing the Long Phu 1 power plant construction in the Socialist Republic of Vietnam. The signing … Read the full press release

Deutsche Hypothekenbank appoints Alexander Firsching as head of its new office in Berlin

HANOVER, 08-Sep-2017 — /EuropaWire/ — Deutsche Hypothekenbank is opening a new office today in Berlin. The office space is located in the Kranzler Eck on Kurfürstendamm. In addition to Hanover, Dusseldorf, Frankfurt, Hamburg and Munich, Berlin is now the sixth city … Read the full press release

pbb Deutsche Pfandbriefbank and Helaba to fund CBRE Global Investors’ acquisition of Skanssi shopping centre in Finland

EUR 67.2 million term loan facility provided towards the acquisition of the Skanssi shopping centre in Turku, Finland Munich/Stockholm, 07-Sep-2017 — /EuropaWire/ — pbb Deutsche Pfandbriefbank and Helaba provided a term loan facility of EUR 67.2 million to CBRE European Shopping … Read the full press release

Legend Holdings acquires 89.936% stake in Banque Internationale à Luxembourg (BIL)

Long-term strategic investment by Legend Holdings to grow BIL franchise in Luxembourg, Europe and internationally Hong Kong-listed diversified investment group commits to preserving and investing in the BIL brand, its employees and customer offering Grand Duchy of Luxembourg to retain … Read the full press release

New edition of the Premios EmprendedorXXI (EnterpriseXXI Awards) to be held in Portugal for the first time

The event is now in its eleventh incarnation in Spain. Widely viewed as Spain’s most prominent event for start-ups, the competition is now to be staged in Portugal for the first time. The entry period runs from 4 September through … Read the full press release

CaixaBank welcomes Juan Ramón Fuertes to head its Canary Islands Regional Division

Santa Cruz de Tenerife, 06-Sep-2017 — /EuropaWire/ — Juan Ramón Fuertes has rejoined CaixaBank’s Canary Islands Regional Division as the most senior executive of the same, having concluded his mission in Portugal to support the integration of Portuguese bank BPI within … Read the full press release

Landesbank Baden-Württemberg (LBBW) 1H 2017: Consolidated profit before tax up 8.0 percent YoY

STUTTGART, 01-Sep-2017 — /EuropaWire/ — Landesbank Baden-Württemberg (LBBW) has improved its net profit in the first six months of 2017. In a still challenging environment, consolidated profit before tax rose by 8.0 percent to EUR 279 million (previous year: EUR … Read the full press release

ING in Belgium: we will activate itsme app on our web channels

AMSTERDAM, 01-Sep-2017 — /EuropaWire/ — The days of multiple digital usernames and passwords could be over in Belgium with the introduction of itsme for ING customers. Remembering dozens of digital passwords is nobody’s hobby. But help is on its way, at … Read the full press release

Deutsche Bundesbank: low-interest-rate environment continues to weigh heavily on SME credit institutions in Germany

FRANKFURT, 31-Aug-2017 — /EuropaWire/ — The low-interest-rate environment continues to weigh heavily on small and medium-sized credit institutions in Germany. This was established by the latest survey on the profitability and resilience of German financial institutions in a low-interest-rate environment, which … Read the full press release

Deutsche Bundesbank: Reopening of five-year Federal notes series 176 of 2017 (2022)

Frankfurt am Main, 31-Aug-2017 — /EuropaWire/ — As already announced in the issue calendar for the third quarter of 2017, the Federal Government will reopen once again the 0 % five-year Federal notes series 176 of 2017 (2022) due on 7 … Read the full press release

KfW Group: Providing junior employees with vocational training is vital to the survival of SMEs

SMEs provide training for 1.2 million apprentices and trainees – 90% of total Training intensity varies across states – Rhineland-Palatinate and Saarland are leaders Microenterprises have few trainees or apprentices Frankfurt am Main, 31-Aug-2017 — /EuropaWire/ — The number of trainees … Read the full press release

Lloyds Bank Second Steppers report: 56% say it’s taken longer than expected to buy their next home

A quarter of first time homeowners looking to move up the property ladder – ‘Second Steppers’ – find it harder than buying their first home (up 18%) Over a third (35%) will delay having children / have less children than … Read the full press release

Bank of Scotland: Childcare provided for free by relatives gives approximately £2832 annual boost to Scottish families

EDINBURGH, 22-Aug-2017 — /EuropaWire/ — Childcare provided for free by relatives is giving an approximate £2832* annual boost to Scottish families, according to the latest ‘How Scotland Lives’ research from Bank of Scotland. The Bank of Scotland research polled more … Read the full press release

Lloyds Bank Homemover Review: number of homemovers fell by 2% in 1H 2017 vs same period 2016

There were 171,300 homemovers in the first six months of 2017 – 3,175 (2%) down from the first half of 2016. Homemovers account for around half (51%) of the housing market compared to 64% a decade ago. Over the past … Read the full press release

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

Rabobank: consumers’ shift away from sugar consumption will likely slowdown the worldwide sugar market

 UTRECHT, 11-Aug-2017 — /EuropaWire/ — The consumers’ shift away from sugar consumption is an important driver behind significant changes in the food and beverage industry. These changes will have long-term ramifications, including a likely slowdown in the worldwide sugar market, … 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

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