Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Rolls-Royce 1H 2020: historic shock in civil aviation due to COVID-19 which will take several years to recover

(PRESS RELEASE) LONDON, 9-Jun-2020 — /EuropaWire/ — Rolls-Royce Holdings plc (LEI: 213800EC7997ZBLZJH69) has announced its trading update on the first half 2020. According to the company’s CEO Warren East the COVID-19 pandemic has created a historic shock in civil aviation … Read the full press release

Standard Chartered adds extensive network across Asia, Africa, and the Middle East to the IBOS international banking network

(PRESS RELEASE) SINGAPORE, 8-Jul-2020 — /EuropaWire/ — British multinational banking and financial services group Standard Chartered has announced it has joined the international banking network IBOS Association (IBOS). IBOS members, some of the world’s largest banks, collaborate to serve each … Read the full press release

Environmental projects and SMEs in Denmark to benefit from new NIB and Ringkjøbing Landbobank cooperation

(PRESS RELEASE) HELSINKI, 6-Jul-2020 — /EuropaWire/ — International financial institution NIB announces signing of a ten-year loan agreement with Danish Ringkjøbing Landbobank (RLB) for onlending to environmental projects and to small and medium-sized enterprises in Denmark. A substantial part of … Read the full press release

Bankinter ya es neutral en carbono

El banco fue el primer banco en calcular su huella de CO2 en 2009 y consiguió la neutralidad de su huella en el mercado español en 2018 que ahora extiende a otros mercados. (PRESS RELEASE) MADRID, 3-Jul-2020 — /EuropaWire/ — … Read the full press release

Intesa Sanpaolo and Nexi strategic agreement received all authorisations from the competent authorities

(PRESS RELEASE) TURIN/ MILAN, 30-Jun-2020 — /EuropaWire/ — Italian banking group Intesa Sanpaolo has announced that its strategic agreement related to payment systems with Nexi, an Italian bank that specialises in payment systems, has just been finalised with all the … Read the full press release

Cyber Resilience amid a Global Pandemic: Intesa Sanpaolo emerged winner at the AIPSA CTF challenge

First place in the “Cyber Resilience amid a Global Pandemic” competition which saw the participation of Italy’s leading companies The Intesa Sanpaolo team was successful in overcoming all the security challenges Massimo Proverbio: “Proof of the outstanding work we have … Read the full press release

AB Volvo number of votes changed due to Series A to Series B shares conversion

(PRESS RELEASE) GOTHENBURG, 30-Jun-2020 — /EuropaWire/ — Swedish multinational industrial company Volvo Group has announced there is a change in the number of votes in AB Volvo due to the conversion of a total of 1 837 139 Series A … Read the full press release

Digi Communications N.V. announces ANCOM approval for RCS & RDS S.A. to continue to apply a surcharge for certain roaming services provided in the EEA for a renewed maximum period of 12 months

(PRESS RELEASE) BUCHAREST, Romania, 29-Jun-2020 — /EuropaWire/ — We would like to inform the market and our investors that the National Authority for Management and Regulation of Communications in Romania (ANCOM) has authorized RCS & RDS S.A., the Company’s subsidiary … Read the full press release

Accenture and Sopra Steria transformation program to modernize Covéa’s finance function across its three brands — MAAF, MMA and GMF

(PRESS RELEASE) PARIS, 22-Jun-2020 — /EuropaWire/ — Multinational professional services company Accenture (NYSE: ACN) and Sopra Steria, European information technology consultancy formed by the merger of Sopra Group SA and Groupe Steria SCA, have announced they signed a four-year joint … Read the full press release

BlackRock, Inc. now owns more than 5% in Wärtsilä Corporation

(PRESS RELEASE) HELSINKI, 22-Jun-2020 — /EuropaWire/ — Leading Finnish company Wärtsilä Corporation, active in the marine and energy markets, has announced that it has been notified by BlackRock, Inc., the world’s largest asset manager with $7.4 trillion in assets under … Read the full press release

Covid-19 impact on venture capital market: InnMind VC report 2020

InnMind, #1 platform in Europe for startups & investors, released a report based on the personal interviews with 100+ VC firms and investors from Silicon Valley & Europe regarding the covid-19 impact on the venture capital market and investment sentiments. … Read the full press release

NWO: Spinoza Prize / Stevin Prize, the highest distinction in Dutch Science, awarded to six outstanding researchers

(PRESS RELEASE) THE HAGUE, 19-Jun-2020 — /EuropaWire/ — The Dutch Research Council (NWO) has announced that six researchers will receive the highest awards in science in the Netherlands. The Spinoza Prize, emphasised on the scientific work and fundamental questions, will … Read the full press release

Thierry Léger to succeed Edi Schmid as Group Chief Underwriting Officer at Swiss Re

(PRESS RELEASE) ZURICH, 19-Jun-2020 — /EuropaWire/ — The world’s second-largest reinsurer Swiss Reinsurance Company Ltd, (Swiss Re) has announced leadership changes as well as changes to its Life Capital Business Unit. Starting from 1 September 2020 the reinsurer will have … Read the full press release

Leadership changes at ING: Current CEO Ralph Hamers leaves; Steven van Rijswijk will be the new CEO

(PRESS RELEASE) AMSTERDAM, 19-Jun-2020 — /EuropaWire/ — Dutch multinational banking and financial group ING has announced leadership changes. The bank’s Supervisory Board has just appointed Steven van Rijswijk, currently member of the Executive Board and chief risk officer of ING, … Read the full press release

Evonik’s new combined gas and steam turbine power plant in Marl gets financial backing from KfW IPEX-Bank and Siemens Financial Services

Replacement for existing reserve gas power plant Built by Siemens Energy as the general contractor (PRESS RELEASE) FRANKFURT, 18-Jun-2020 — /EuropaWire/ — German state-owned development bank KfW has announced that its subsidiary KfW IPEX-Bank GmbH together with Siemens Financial Services … Read the full press release

KfW Research: Drastic impact of the coronavirus outbreak in Germany heavily influenced the lending dynamic in Q1

First quarter lending was up 7.3% year on year Growth of 10% expected for the second quarter High liquidity requirements due to pandemic-induced income losses are driving short-term loans Credit access expected to remain broadly intact (PRESS RELEASE) FRANKFURT, 18-Jun-2020 … Read the full press release

Former Duff & Phelps EMEA Leader Yann Magnan joins 73 Strings as Co-founder and CEO

(PRESS RELEASE) AMSTERDAM, 9-Jun-2020 — /EuropaWire/ — Yann Magnan, who was earlier EMEA head of Duff & Phelps has joined 73 Strings as Co-founder and CEO. The firm which was mostly focused on developing products so far, will now deploy … Read the full press release

Capgemini expands its finance and accounting capabilities through global strategic alliance with BlackLine

Capgemini and BlackLine form global strategic alliance to enable organizations to optimize their finance and accounting processes (PRESS RELEASE) PARIS/ LOS ANGELES, CA, U.S.A., 8-Jun-2020 — /EuropaWire/ — Global leader in consulting, technology, professional, and outsourcing services, Capgemini announces global … Read the full press release

EBRD and Startup Wise Guys partner for a Fintech accelerator programme

(PRESS RELEASE) LONDON, 3-Jun-2020 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) announces new partnership with Startup Wise Guys, a leading start-up accelerator with a presence across the Baltic states. This collaboration will benefit start-ups across the regions … Read the full press release

Digi Communications N.V.: Exercise of stock option by Marius Catalin Vărzaru, a Non-Executive Director and VP of the Board of Directors of the Company

The exercise is pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in accordance with the stock option plan approved at the level of the Company in 2017, as amended by the general … Read the full press release

Zurich Insurance Group: UK’s Financial Conduct Authority to test policy wordings in the UK High Court

(PRESS RELEASE) ZURICH, 1-Jun-2020 — /EuropaWire/ — Swiss global general and life insurer Zurich Insurance Group (Zurich) announced it is welcoming the UK’s Financial Conduct Authority decision to test policy wordings from across the UK insurance industry in the UK … Read the full press release

SecurLine Certified to Protect Classified Communications

SecurLine Certified to Protect Classified Communications

(PRESS RELEASE) ZUG, Switzerland, 28-May-2020 — /EuropaWire/ — Privus, the Swiss-based cyber-security firm, announced today that SecurLine, its flagship secure communications application, has been formally certified by Portugal’s Gabinete Nacional de Segurança (National Security Office) to protect classified communications. Deploying … Read the full press release

Analytics database management software company Exasol AG goes public on the Frankfurt Stock Exchange

(PRESS RELEASE) FRANKFURT, 25-May-2020 — /EuropaWire/ — Deutsche Börse Group has announced that the Germany based analytics database management software company Exasol AG (ISIN: DE000A0LR9G9) has become the the first IPO for the year on the Frankfurt Stock Exchange. The … Read the full press release

Moldovan agricultural firm Terrarica to upgrade machinery with financial support from EBRD and the EU

(PRESS RELEASE) LONDON, 22-May-2020 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has announced that a joint financing facility of the bank and the EU helped Terrarica to purchase machinery for agriculture production, including new tractors, auxiliary … Read the full press release

Turkish pulses producer Yayla gets EUR 25 million loan from EBRD

(PRESS RELEASE) LONDON, 22-May-2020 — /EuropaWire/ — The multilateral developmental investment bank EBRD has announced it is financing the day-to-day operations of the Turkish pulses producer Yayla with €25 million loan in the form of working capital. Yayla is facing … Read the full press release

RB pledges £1 million to the IRC’s COVID-19 response in refugee and vulnerable communities in Lebanon, Jordan and Syria

(PRESS RELEASE) SLOUGH, UK, 20-May-2020 — /EuropaWire/ — The global leader in hygiene, health & nutrition, RB is providing lifesaving programmes for the world’s most vulnerable communities by pledging £1 million to the International Rescue Committee’s (IRC) response to the … Read the full press release

Continental successfully placed two bonds with a total volume of €1.5 billion to further strengthen its overall liquidity

Two bonds with a total volume of €1.5 billion successfully placed on the capital market as part of a dual-tranche issue Interest rates are 2.125 and 2.5 percent, terms are 3.5 and 6.25 years; both issues were significantly oversubscribed Bonds … Read the full press release

Minsait and Bankia to develop AI-based tools to improve customer experience and security in the financial institutions

(PRESS RELEASE) ALCOBENDAS, Spain, 19-May-2020 — /EuropaWire/ — Minsait, an Indra company, and Bankia have signed an agreement to develop tools that can prevent, detect and contain trends or patterns of fraud and cybersecurity anomalies through artificial intelligence. Both with … Read the full press release

Digi Communications N.V. announces that a stock option programme was approved for employees and managers of the Romanian Subsidiary of the Company

(PRESS RELEASE) BUCHAREST, Romania, 19-May-2020 — /EuropaWire/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that the Board of Directors of the Company has approved the grant of stock options for the benefit … Read the full press release

Deutsche Investitions- und Entwicklungsgesellschaft – DEG will provide $12 million long-term loan to Asia Royal for a hospital in Myanmar

(PRESS RELEASE) COLOGNE, 18-May-2020 — /EuropaWire/ — KfW Group subsidiary Deutsche Investitions- und Entwicklungsgesellschaft – DEG announced it will help Myanmar improve its healthcare system by providing a $12 million long-term loan to Asia Royal Company Ltd. (Asia Royal). The … Read the full press release