European Central Bank

(IN BRIEF) ABN AMRO has successfully completed its second use case in the Eurosystem Central Bank Digital Currency (CBDC) trials, marking a significant step in exploring digital asset innovations. The bank executed four repo trades using central bank money settled … Read the full press release →

(IN BRIEF) European Union finance ministers have endorsed a new Action Plan from the European Investment Bank (EIB) Group aimed at strengthening the Capital Markets Union. This initiative is designed to broaden financing options for innovative European companies and unicorns, … Read the full press release →

(IN BRIEF) Crédit Agricole Assurances has invested in Scope Group, joining other major French financial institutions like AXA and BPCE in supporting Europe’s only independent rating agency accepted by the European Central Bank. This investment is part of broader efforts … Read the full press release →

(IN BRIEF) Siemens has issued a €300 million digital bond using blockchain technology, continuing its leadership in digital finance. This new bond, with a one-year maturity, was settled through SWIAT’s private blockchain and the Bundesbank Trigger Solution, significantly speeding up … Read the full press release →

(IN BRIEF) BBVA has received approval from the U.K.’s Prudential Regulation Authority (PRA) to take indirect control of TSB Bank, a subsidiary of Banco Sabadell. This approval is a key step in BBVA’s plan to acquire Banco Sabadell, which will … Read the full press release →

(IN BRIEF) Norges Bank is continuing formal discussions with the European Central Bank (ECB) to integrate Norwegian instant payments into the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. After evaluating various factors, Norges Bank concluded that participating in TIPS would … Read the full press release →

(IN BRIEF) ING has appointed Daniele Tonella as its new Chief Technology Officer (CTO) and member of the Management Board Banking, effective August 5, 2024. Tonella, who has over 20 years of experience in technology leadership roles within the financial … Read the full press release →

(IN BRIEF) ING Group has announced a share buyback programme, aiming to repurchase ordinary shares of ING Groep N.V. for a maximum total amount of €2.5 billion. The purpose of this programme is to converge their Common Equity Tier 1 … Read the full press release →

(IN BRIEF) BBVA is set to commence a new share buyback program on Monday, March 4th, amounting to €781 million, following approval from the European Central Bank. This buyback, constituting part of the regular distributions for 2023, is a component … Read the full press release →

(IN BRIEF) The Nederlandse Waterschapsbank (NWB Bank) and the European Investment Bank (EIB) have joined forces in a €400 million loan agreement aimed at enhancing flood protection and water quality in the Netherlands. Under this partnership, NWB Bank will lend … Read the full press release →