Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Mobile payment app Twyp, now open to all, offers free cash withdrawals

AMSTERDAM, 16-Nov-2017 — /EuropaWire/ — Twyp, the ING-developed mobile payment app popular in Spain is now offering free cash withdrawals for all users – ING customers or not. From today, ING is offering free money withdrawals for all Twyp users at … Read the full press release

#SUCCESVOL #VERHUIZEN: VERHUIZEN NAAR HET BUITENLAND

BELASTINGADVIES EN DIGITAAL VERMOGEN GROOTSTE BEKOMMERNIS VOOR GROEIENDE SEGMENT VAN VERHUIZENDE VERMOGENDEN LUXEMBURG, 15-Nov-2017 — /EuropaWire/ — Uit nieuw onderzoek van The OneLife Company blijkt dat het verzekeren dat beleggingen fiscaal efficiënt zijn en het beheren van internationale fiscale verplichtingen … Read the full press release

3,538 total views, 614 views today

#REUSSIR SON #EXPATRIATION: LE PARCOURS DE L’EXPATRIATION

LE CONSEIL FISCAL ET LES SERVICES NUMÉRIQUES DE GESTION DU PATRIMOINE EN HAUT DES PRIORITÉS DU SECTEUR EN PLEINE CROISSANCE DE L’EXPATRIATION DES HNWIs LUXEMBOURG, 15-Nov-2017 — /EuropaWire/ — Il ressort de la nouvelle étude de The OneLife Company, que … Read the full press release

2,134 total views, 151 views today

#SUCCESS IN #RELOCATION: THE RELOCATION JOURNEY

TAX ADVICE AND DIGITAL WEALTH FRONT OF MIND FOR GROWING HNW RELOCATOR SEGMENT LUXEMBOURG, 15-Nov-2017 — /EuropaWire/ — New research from The OneLife Company reveals that ensuring investments are tax efficient and managing international tax commitments are among the top … Read the full press release

1,845 total views, 7 views today

London Stock Exchange Group: MTS and UnaVista to offer regulatory reporting solution for firms who execute Securities Financing Transactions (SFTs)

Securities Financing Transactions Regulation (SFTR) expected to go live in 2019 SFTR will require firms to report transactions including repo trades to an approved EU trade repository Firms trading on MTS’s new Global Collateral Management segment can utilise UnaVista’s Trade … Read the full press release

New covered bonds legislation in Slovak Republic follows EBRD technical assistance project

New legislation follows technical assistance project LONDON, 13-Nov-2017 — /EuropaWire/ — The Slovak Republic has become a pioneer in creating the legal foundations for covered bonds with amendments to the relevant law in line with best practice recommendations by the European Banking Authority … Read the full press release

EBRD to provide US$ 100 million loan to National Bank for Foreign Economic Activity of Uzbekistan (NBU) in support of SMEs

Financing to support small local businesses and stimulate trade LONDON, 10-Nov-2017 — /EuropaWire/ — Demonstrating the EBRD’s return to active support in Uzbekistan, the Bank is providing a major boost to local small and medium-sized businesses in the country, as well as … Read the full press release

EBRD supported Yereymentau Wind Farm in Kazakhstan registered as domestic carbon credit project under the country’s emissions trading system (ETS)

Bank-supported Yereymentau project first under emissions trading system LONDON, 10-Nov-2017 — /EuropaWire/ — The Yereymentau Wind Farm in Kazakhstan, a long-standing partner of the European Bank for Reconstruction and Development, EBRD, has been registered as a domestic carbon credit project under the … Read the full press release

EBRD President Suma Chakrabarti met with European Commission President Jean-Claude Juncker

Focus on cooperation with EU and green finance ahead of December summit LONDON, 10-Nov-2017 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti held high-level talks with officials from the European Union (EU) on 7 November. President Chakrabarti had meetings … Read the full press release

EBRD opens news office in in Tashkent, Uzbekistan; US$ 120 million for new projects

Bank opens office in Tashkent and provides US$ 120 million for new projects LONDON, 10-Nov-2017 — /EuropaWire/ — Following the launch of a broad reform programme in Uzbekistan, the EBRD is taking its engagement with the Central Asian country to a new … Read the full press release

Banca Transilvania and the EBRD will jointly hold a controlling stake in Moldova’s third-largest bank Victoriabank

First foreign bank investor in Moldovan market in ten years LONDON, 09-Nov-2017 — /EuropaWire/ — Romania’s Banca Transilvania intends to acquire an initial stake of over 39 per cent in Victoriabank, Moldova’s third-largest bank. Banca Transilvania has requested the approval for … Read the full press release

EBRD: joint programme to support energy efficiency investment in the residential housing sector in Bosnia and Herzegovina

Bank and partners step up energy investment in residential housing sector LONDON, 09-Nov-2017 — /EuropaWire/ — The EBRD, the European Union (EU) and the Austrian Federal Ministry of Finance have launched a joint programme to support energy efficiency investment in the residential housing sector in Bosnia … Read the full press release

Rabobank’s risk-weighted assets reduced by EUR 1 billion

Transaction contributes to further optimisation of balance sheet Utrecht, Netherlands, 03-Nov-2017 — /EuropaWire/ — Rabobank has transferred part of the risk on its commercial credit portfolio involving loans to business customers in Europe and North America amounting to EUR 3 … Read the full press release

Royal Philips commences EUR 150 million share repurchase program

AMSTERDAM, 01-Nov-2017 — /EuropaWire/ — Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it is initiating a share repurchase program for an amount of up to EUR 150 million to cover its obligations arising from its long-term incentive and employee stock … Read the full press release

INEOS Finance plc launches EUR 500,000,000 senior secured notes due 2025

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW.  PLEASE SEE THE IMPORTANT NOTICES AT THE END OF … Read the full press release

Vnesheconombank and Roseltorg launch joint blockchain-based project for electronic transactions

MOSCOW, 26-Oct-2017 — /EuropaWire/ — Vnesheconombank Chairman Sergey Gorkov and Roseltorg chief executive Anton Emelyanov signed a cooperation agreement regarding a joint blockchain-based project. The project is to bring about a transparent environment for electronic transactions between businesses and government customers. … Read the full press release

National Grid to provide grants to schools in Kent to promote STEM subjects

National Grid launches new funding scheme in Kent to promote STEM subjects and engineering as career with young pupils. Grant of up to £1,000 are available for new science, engineering and technology equipment. Primary and secondary schools in the Richborough … Read the full press release

Naftogaz contracts PwC Polska to facilitate the unbundling of the TSO operator from Naftogaz

KYIV, 25-Oct-2017 — /EuropaWire/ — The unbundling of the gas transmission function from Naftogaz and creating a transmission system operator (TSO) certifiable under European regulations is not only about Ukraine’s compliance with the European law; it also important for preserving gas … Read the full press release

PwC’s Strategy&: Annual worldwide corporate R&D spending broke through $700bn

Annual worldwide R&D spending breaks through $700bn for the top 1000 corporate R&D spenders for first time 25% of executives surveyed reported having already experienced some pressure to change how or where they conduct innovation Amazon is the world’s largest … Read the full press release

PwC survey few banks seem to be ready for the revised EU Payments Services Directive (PSD2)

LONDON, 24-Oct-2017 — /EuropaWire/ — Although the revised EU Payments Services Directive (PSD2) already goes into effect in January 2018, a new PwC survey shows few banks seem to be ready for it. At the start of the summer, 38% … Read the full press release

CaixaBank brings Apple Pay to its customers and imaginBank customers

BARCELONA, 23-Oct-2017 — /EuropaWire/ — CaixaBank, the Spanish banking industry leader in terms of electronic payment methods with more than 15 million cards in circulation, today brings its customers and imaginBank customers Apple Pay, which is transforming mobile payments with an … Read the full press release

NIB, Sparebank 1 SR-Bank to finance investments and environmental projects of SMEs in Norway

HELSINKI, 23-Oct-2017 — /EuropaWire/ — NIB and Norway’s Sparebank 1 SR-Bank ASA have signed a six-year loan programme totaling EUR 120 million to finance investments and environmental projects for the country’s small and medium-sized enterprises (SMEs) and small mid-caps. The projects to be funded … Read the full press release

Rabobank: the Digital Trade Chain platform rebranded to we.trade

Utrecht, Netherlands, 20-Oct-2017 — /EuropaWire/ — Since January 2017, Rabobank , six other banks (Deutsche Bank, HSBC, KBC, Natixis, Societé Generale and UniCredit) and IBM are developing the Digital Trade Chain platform. This ground-breaking shared platform aims at making domestic and … Read the full press release

Volkswagen Financial Services placed EUR 1.6 billion to securitise diversified pool of receivables from 125,000 leasing contracts

Volkswagen Financial Services successfully place around EUR 1.6 billion with investors Braunschweig, Germany, 19-Oct-2017 — /EuropaWire/ — Volkswagen Financial Services have successfully placed the Auto Asset-Backed Securities (ABS) transaction VCL 25 on the market. The transaction to securitise leasing contracts of … Read the full press release

Fourteen public libraries across England, Scotland and Wales awarded £200,000

LONDON, 16-Oct-2017 — /EuropaWire/ — Fourteen public libraries across England, Scotland and Wales have been awarded £200,000 to help their communities explore health and wellbeing. Greer Roberts, from Wellcome’s Public Engagement team, explains why we’re co-funding the projects. What is Engaging … Read the full press release

EBRD to help Croatia update and strengthen its corporate governance code

EBRD supports efforts to develop and implement new code LONDON, 11-Oct-2017 — /EuropaWire/ — The EBRD is lending its support to efforts by the Croatian Financial Services Supervisory Agency (HANFA) and the Zagreb Stock Exchange (ZSE) to update and strengthen the … Read the full press release

EBRD President Sir Suma Chakrabarti to outline bank’s climate finance goals at the World Bank and International Monetary Fund meetings

Climate funding takes 45 per cent share of total investment so far in 2017 LONDON, 11-Oct-2017 — /EuropaWire/ — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, will outline the Bank’s rapid progress towards meeting ambitious … Read the full press release

KfW Research / University of Siegen: total of 10,200 bank branches across Germany closed since 2000

A quarter of branch offices have been closed since 2000 The main driver is the digital transformation with innovative technologies, new competitors and changing customer behaviour German branch density is average when compared with other European countries Frankfurt am Main, … Read the full press release

Deutsche Bank early adopter of UN Standards of Conduct for Business to tackle discrimination against lesbian, gay, bi, trans and intersex (LGBTI) people

Frankfurt am Main,  04-Oct-2017 — /EuropaWire/ — Deutsche Bank has become one of the first companies to adopt the United Nations Standards of Conduct for Business to tackle discrimination against lesbian, gay, bi, trans and intersex (LGBTI) people. The United … Read the full press release

The Green Climate Fund (GCF) to allocate up to US$ 110 million to the EBRD’s Kazakhstan Renewables Framework

Fund to provide up to US$ 110 million for investments in green energy LONDON, 04-Oct-2017 — /EuropaWire/ — The Green Climate Fund (GCF) has approved an allocation of up to US$ 110 million to the EBRD’s Kazakhstan Renewables Framework, an innovative plan to finance … Read the full press release