Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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

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

Visa’s Digital Payments study: two-thirds of Brits have used contactless cards since introduction in September 2007

Contactless debit and credit cards were first used in the UK a decade ago Millennials lead contactless adoption – over three quarters have made a contactless payment A quarter of Brits have made contactless payments using mobile devices LONDON, 07-Sep-2017 … 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

Wellcome provides £13 million to five science centres around the UK

LONDON, 04-Sep-2017 — /EuropaWire/ — Wellcome is giving £13 million in funding to five science centres around the UK to encourage new and different ideas that will help to make science more accessible. The funding has been awarded through the Inspiring Science Fund. … 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

Experian: Fraudulent credit applications against people in their twenties soar

Younger people increasingly targeted as fraudulent applications against over 60s drop LONDON, 24-Aug-2017 — /EuropaWire/ — Fraudulent credit applications against people in their twenties have soared in the last three years, according to new research from Experian. The proportion of frauds … Read the full press release

Thales security evaluation: Samsung Galaxy S8 and S8+ enables secure payment networks from all major credit cards

La Défense, France, 24-Aug-2017 — /EuropaWire/ — Thales’s security evaluation of the Samsung Pay contactless payment application, performed on the Galaxy S8 and S8+ smartphone, has succeeded in allowing the app to be certified on the device. Key Points Thales has … Read the full press release

WEF report: Fintech startups have fallen short of their ambitions to upend the competitive landscape in finance

Fintech start-ups have fallen short of their ambitions to upend the competitive landscape in finance, driving innovation but failing to capture large market share, a new World Economic Forum report finds The competitive landscape in banking and insurance is being … 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

Potash producer Uralkali takes US$850 million loan from 11 international banks

Berezniki, Russia, 21-Aug-2017 — /EuropaWire/ — Uralkali (the Company; MICEX: URKA), one of the world’s largest potash producers, has signed a loan agreement in the amount of US$850 million with 11 international banks. Coordinating Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were Commerzbank … Read the full press release

Axium-ENGIE consortium finalizes 50-year concession to operate and optimize The Ohio State University’s district energy system

Houston and New York, USA, 17-Aug-2017 — /EuropaWire/ — ENGIE North America Inc. and Axium Infrastructure US are pleased to announce the financial close of a transaction to operate and maintain The Ohio State University’s utility system at the 485-building campus in … 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

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

FATF assessment of Denmark’s anti-money laundering and counter-terrorist financing system

PARIS, 08-Aug-2017 — /EuropaWire/ — Denmark has the foundations for a sound regime to tackle money laundering and terrorist financing, but needs to improve the implementation of measures to mitigate the risks, including through better assessing those risks and enhancing national … Read the full press release

EY dedicates 1,000 tax technology and performance improvement professionals in response to the impact of existing and emerging technology

LONDON, 07-Aug-2017 — /EuropaWire/ — EY announces the creation of Tax Technology and Transformation, a dedicated group of more than 1,000 tax technology and performance improvement professionals in member firms across the globe that help organizations to redefine their tax functions … 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

KfW Group and L-Bank sign EUR 200 million global loan agreement based on KfW’s ERP digitalisation and innovation loan

EUR 200 million global loan agreement signed The “Innovation Finance 4.0” promotional programme offers low-interest loans Exemplary pooling of Federal Government and state development funds Frankfurt am Main, 02-Aug-2017 — /EuropaWire/ — On 1 August 2017, KfW Group and L-Bank, the … Read the full press release

EU, KfW and French bank AFD to help Jordan deal with water shortage

European initiative: EU, KfW and French development bank AFD launch project against water shortage in Jordan EUR 152 million to improve drinking water supply and waste water disposal Financing provided by Germany: EUR 80 million Improvement of water supply for … Read the full press release