Prague, 8-8-2014 — /EuropaWire/ — Komerční banka reported today consolidated net profit attributable to shareholders of CZK 6.4 billion for the first six months of 2014, up 1.2% year on year. The number of the Bank’s clients rose by 22,000 to 1,609,000, while the KB Group as a whole was serving 2.5 million clients. The volume of client deposits1 grew by 8.0% to CZK 638.6 billion, and loans to clients expanded by 3.5% to CZK 491.8 billion.
“I am pleased that clients appreciate our offer of reliable and convenient services designed to serve their needs and best interests over the long term. As measured by the growing number of clients and assets under management, as well as by an increasing volume of retail lending, the half-year results are excellent. Nevertheless, and despite the good state of the domestic economy, the financial environment in the first half of the year was more difficult than we had expected. This was due most of all to a further decline in interest rates and delayed recovery in corporates’ demand for loans. All in all, KB Group’s position has continued to strengthen, and we stand ready and able to help clients to fulfil their financial goals,” said Albert Le Dirac’h, KB’s Chairman of the Board of Directors and Chief Executive Officer.
Highlights of the second quarter
- The number of KB’s clients has been rising. The Bank was serving 1,609,000 clients in the first half of the year, up by 22,000 year over year. This gain was primarily driven by clients’ positive acceptance of the enhanced MojeOdměny (MyRewards) rewards programme.
- KB was successful in the market for lending to individuals. The volume of mortgages to individuals surpassed the level of CZK 150 billion as it rose by 10.1% year on year to CZK 151.2 billion. The volume of consumer financing provided through KB and ESSOX grew by 4.4% to CZK 28.7 billion, thereby outperforming the growth of the market as a whole.
- Clients of KB are benefiting from advantageous funding programmes for various target groups prepared in co-operation with international institutions. Most recently, companies employing young people at the beginnings of their careers may obtain access to lower-cost funding on the back of KB’s agreement with the European Investment Bank (EuroPremium Young Programme). This will complement the range of KB’s existing such offers directed to innovative companies, municipalities, housing co-operatives, exporters or small and medium enterprises.
KB Group’s consolidated revenues diminished by a slight 2.3% to CZK 15.2 billion. Within that category, and despite volume growth in lending and deposits, net interest income increased by just 0.3%. Interest income suffered from the gradual decline in market interest rates. Fees and commissions income dropped by 3.5% as a growing number of clients took advantage of the MojeOdměny loyalty programme. The environment where the CZK exchange rate and short-term interest rates were locked was not favourable for generating gains from financial operations, and these decreased year on year by 18.8%.
KB achieved further savings in operating expenditures, which came down by 1.3% to CZK 6.3 billion. The cost of risk fell by 19.1% to CZK 0.8 billion as favourable conditions in corporate segment allowed for reducing the volume of provisions created.
As of 30 June 2014, the Group’s Core Tier 1 capital adequacy ratio according to Basel III standards stood at a strong 16.7%, and the ratio of net loans to deposits (excluding client assets in pension funds) was 76.3%.
Comments on business and financial results
The published financial data are from unaudited consolidated results under IFRS (International Financial Reporting Standards).
BUSINESS PERFORMANCE OF KB GROUP
Market environment
The Czech economy in the first half of the year continued its gradual recovery, which began to manifest itself in increased creation of new jobs as well as in higher investments into production capacities. Demand for Czech production grew both domestically and abroad. Inflation remained extremely low and the Czech crown’s exchange rate was stable, limited as it was by the central bank’s intervention regime. Lending to individuals in the banking system accelerated slightly, but the pace of growth in corporate lending was slower at the end of June compared with the end of 2013. Corporations were financing their increased investments mostly from cash reserves created in prior periods and in some cases on the bond market. Thus, the expected acceleration in lending did not yet occur. Household deposits at banks further strengthened, as did the volumes of savings and investments in mutual and pension funds and life insurance. The growth of deposit volumes in the corporate segment within the banking system was especially seen from financial institutions and the public sector. Meanwhile the volume of deposits from private non-financial corporations remained stable.
Developments in the client portfolio and distribution networks
As of the end of June 2014, KB Group was serving 2.5 million clients on a consolidated basis. Standalone KB recorded 1,609,000 clients (+1.4% year on year), of which 1,357,000 were individuals. The remaining 253,000 customers were comprised of entrepreneurs, businesses and corporations (including municipalities and associations). Modrá pyramida was attending to 569,000 customers, and the number of pension insurance participants at KB Penzijní společnost reached 559,000. ESSOX’s services were being used by 281,000 active clients.
Komerční banka’s clients had at their disposal 400 banking branches (including one branch for corporate clients in Slovakia), 734 ATMs, plus full-featured direct banking channels supported by two call centres. The number of clients using at least one direct banking channel (such as internet or telephone banking) reached 1,223,000 by the end of June 2014 and corresponds to 76.0% of all clients. Customers held 1,570,000 active payment cards, of which 200,000 were credit cards. The number of active credit cards issued by ESSOX came to 132,000, and consumer financing from ESSOX was available through its network of 2,800 merchants. Modrá pyramida’s customers had at their disposal 212 points of sale and 1,044 advisors. SG Equipment Finance (SGEF) was providing its leasing services via nine branches (two of which are in Slovakia), as well as through KB’s network.
Loans to customers
The total gross volume of loans provided by KB Group expanded year on year by 3.5% to CZK 491,8 billion. Mortgages added most to the portfolio’s growth while consumer lending also grew. Corporate lending activities expanded mainly in Slovakia2.
In the segment of loans to individuals, the portfolio of mortgages to individuals rose by 10.1% year on year to CZK 151.2 billion as clients preferred mortgages over building savings loans in the environment of low interest rates. The volume of Modrá pyramida’s loan portfolio thus dropped by 13.0% to CZK 40.8 billion. The Group was successful in developing consumer lending, and the volume provided by KB and ESSOX grew by 4.4% to CZK 28.7 billion.
The total volume of loans provided by KB Group to businesses rose by 3.1% to CZK 266.5 billion. The overall volume of credit granted by KB to (medium-sized and large) corporate clients rose by 3.3% to CZK 216.5 billion, inclusive of factor finance outstanding at Factoring KB. Within this total, lending in Slovakia grew at the fastest pace. Lending to small businesses declined by 1.3% to CZK 28.2 billion. Total credit and leasing amounts outstanding at SGEF rose by 6.9% year over year to CZK 21.8 billion.
Amounts due to customers and assets under management
The total volume of deposits3 on KB Group’s balance sheet rose by 8.0% year on year to CZK 638.6 billion. Deposits from businesses climbed by 9.7% to CZK 355.1 billion. This category was influenced by the inflow of large volume placements from public and financial institutions, although there was slowing in this category during the second quarter. Deposits at KB from individual clients rose by 6.6% to CZK 167.8 billion, and the deposit book of Modrá pyramida added 0.9% year on year to reach CZK 72.1 billion. Client assets in the Transformed fund managed by KB Penzijní společnost (which are consolidated in the KB Group accounts) grew by 11.6% to CZK 38.0 billion.
Total technical reserves in life insurance at Komerční pojišťovna expanded by 30.1% to CZK 40.7 billion. The volumes in mutual funds held by KB clients (and managed by IKS KB and Amundi) increased by 14.4% to CZK 34.2 billion.
FINANCIAL PERFORMANCE OF KB GROUP
Income statement
Total net banking income decreased in the first half of the year by 2.3% to CZK 15,154 million. Among the main reasons for the decline were very low market interest rates, which even continued to move lower through the year’s first half. The trend of decreasing prices for basic banking services continued. Also contributing to lower banking income were the growing use of on-line banking and popularity of client rewards, as well as subdued activity on the financial markets caused by the central bank’s anchoring the exchange rate and interest rates. Contributing positively, however, were the increasing volumes of deposits and other assets under management and the growing volume of the lending portfolio especially in the retail segment.
Net interest income was up by0.3% to CZK 10,614 million and was underpinned by growing volumes of loans and deposits. The low interest rates prevailing on the market continued to push in the negative direction through the first half-year, however, thus limiting yields on reinvested deposits. The net interest margin, computed as the ratio of net interest income to interest-earning assets reported on the balance sheet, therefore decreased to 2.6% in the first half of 2014 from 2.9% one year earlier.
Net income from fees and commissions declined by 3.5% to CZK 3,402 million. KB expanded its MojeOdměny client rewards programme, and that effectively drove down fee income from deposit products. The impact on income from transactions was compensated by an increased number of payments. Since the beginning of 2013, the Bank also has been offering consumer loans and mortgages without administration fees for those products. On the other hand, KB saw increased activity and thus better fee income from trade finance, loan syndications, and transactions with payment cards. Growth in the volume of client savings in life insurance policies and mutual funds boosted income from cross-selling.
Net gains from financial operations dropped by 18.8% to CZK 1,077 million. Influenced by CNB measures, low volatility of exchange rates and interest rates limited clients’ demand for financial hedging and the potential to generate profits from trading. Furthermore, the prior year comparative base had been slightly increased from the sale of Italian government bonds. Net gains from FX payments reflected narrower average spreads.
Total operating expenditures declined by 1.3% to CZK 6,325 million. Personnel expenses were higher by a slight 0.6%, at CZK 3,334 million. The average number of employees diminished by 0.9% to 8,545. General administrative expenses declined by 5.6% to CZK 2,103 million. The main savings were achieved in real estate costs and telecommunications. The category “Depreciation, impairment and disposal of fixed assets” was up by 2.5% to CZK 888 million, and this increase was mainly driven by new software applications.
Gross operating income for the first six months declined by 3.0% to CZK 8,829 million.
Cost of risk further declined by 19.1% to CZK 780 million, reaching 32 basis points in relative terms as measured over the average volume of the portfolio. Risk costs remained solid in retail and the environment in corporate segment was favourable.
Income from shares in associated undertakings rose by 28.4% to CZK 95 million thanks to an increase in profit at Komerční pojišťovna which mirrors its business successes. The proportion of profit attributable to clients of the Transformed fund of KB Penzijní společnost came to CZK 248 million, down by 4.2% as low interest rates limited yields from the fund’s portfolio.
Income taxes decreased by 10.5% to CZK 1,304 million.
At CZK 6,591 million, KB Group’s consolidated net profit for the first half of 2014 was higher by 1.5% in comparison with the same period of 2013. Of this amount, CZK 205 million was profit attributable to holders of minority stakes in KB’s subsidiaries (+12.0%).Profit attributable to the Bank’s shareholders totalled CZK 6,386 million, which is 1.2% more than in the first half of the previous year.
Statement of financial position
The comparison period for the balance sheet under IFRS is the end of the previous year. Therefore, unless otherwise indicated, the following text provides a comparison with the close of 2013.
As of 30 June 2014, KB Group’s total assets had increased by 1.6% for the year to date to CZK 877.6 billion.
Amounts due from banks dropped by 10.3% to CZK 112.8 billion. The largest component of this item consisted of placements with central banks in relation to reverse repo operations.
Financial assets at fair value through profit or loss grew by 5.8% to CZK 39.3 billion. That portfolio comprises the Group’s proprietary trading positions.
At CZK 472.9 billion, total net loans and advances remained at a virtually flat level in comparison to the end of 2013. The gross amount of client loans and advances was up by a marginal 0.1%, at CZK 491.8 billion. The share of standard loans within that total climbed to 92.5% (CZK 454.7 billion) while the proportion of loans rated watch was 2.0% (CZK 9.9 billion). Loans under special review (substandard, doubtful and loss) comprised 5.5% of the portfolio, with volume of CZK 27.2 billion. The volume of provisions created for loans reached CZK 19.1 billion, which was 2.9% more than at the end of 2013.
The portfolio of financial assets available for sale (AFS) shrank by 45.4% to CZK 77.2 billion. Meanwhile, the volume of securities in the held-to-maturity (HTM) portfolio increased by CZK 69.2 billion to CZK 73.4 billion. These effects were mainly due to reclassification from the AFS to HTM portfolio of certain debt securities in the nominal value of CZK 56.6 billion that the Group intends to hold until their maturity. The change was carried out in the first quarter of 2014. The reclassification was intended to limit volatility of regulatory capital in accordance with the Basel III regulatory framework while respecting all the rules of international account standards. The securities were reclassified at fair value. The corresponding AFS revaluation reserve in the shareholders’ equity of CZK 5.0 billion has been retained in other comprehensive income and included into the carrying value of securities held to maturity. Such amounts are amortised over the remaining maturities of these securities.
Of the CZK 77.2 billion total volume of debt securities in the AFS portfolio, Czech government bonds comprised CZK 42.1 billion and foreign government bonds CZK 8.6 billion. Of the CZK 73.4 billion total volume of debt securities in the HTM portfolio, Czech government bonds comprised CZK 65.7 billion and foreign government bonds CZK 7.7 billion.
The net book value of tangible fixed assets slipped by 3.0% to CZK 7.6 billion, while that of intangible fixed assets declined by 3.3% to CZK 3.6 billion. Goodwill, which primarily derives from the acquisitions of Modrá pyramida, SGEF and ESSOX, remained unchanged at CZK 3.8 billion.
Total liabilities were 1.3% higher in comparison to the end of 2013 and reached CZK 777.3 billion. Amounts due to customers grew by 1.1% to CZK 656.5 billion. The volume outstanding of issued securities decreased by 4.4% to CZK 21.4 billion. The Group’sliquidity, as measured by the ratio of net loans to deposits, was 76.3% (72.0% if including client assets in the transformed pension fund).
Shareholders’ equity rose for the year to date by 3.9% to CZK 100.3 billion. KB paid out CZK 8.7 billion in dividends, which was more than offset by the generation of net profit and increase in revaluation gains on the AFS portfolio and cash flow hedges (both of which represent primarily reinvestment of client deposits) due to a decrease in market yields compared with the end of 2013. As of 30 June 2014, KB held in treasury 238,672 of its own shares, constituting 0.63% of the registered capital.
With effect from 2014, Czech banks are subject to capital requirements according to EU regulations implementing the Basel IIIregulatory framework. Consolidated regulatory capital for the capital adequacy calculation stood at CZK 63.8 billion as of 30 June 2014. This amount includes the current year’s profit, which is adjusted with a provision for the dividend. That is in accordance with applicable regulations, and the provision is set at the 69.8% level of the dividend payout ratio from last year’s profit. KB Group’s regulatory capital was composed solely of Core Tier 1 equity. The capital adequacy, as well as the Core Tier 1 capital ratio under Basel III standards, stood at a high 16.7%.
As measured by the newly defined Liquidity Coverage Ratio, the level of KB’s liquidity safely met requirements established by the Basel III framework throughout the first half.
Corporate governance
The General Meeting held on 30 April 2014 approved (as presented) the Board of Directors’ report on the Bank’s business activity and state of its assets for the year 2013. Furthermore, the General Meeting approved the annual financial statements and the consolidated financial statements for 2013 and distribution of net profit of 2013, including a dividend payment of CZK 8.7 billion, which amounted to CZK 230 per share. In connection with the re-codification of company law, the General Meeting approved the contracts of service between Komerční banka and members of the Supervisory Board and the contracts of service between Komerční banka and members of the Audit Committee. Shareholders decided again about the conditions for acquisition into treasury of the Bank’s shares.
ANNEX:
Consolidated results as of 30 June 2014 under International Financial Reporting Standards (IFRS)
Profit and Loss Statement (CZK million, unaudited) | 1H 2013 | 1H 2014 | Change year on year |
---|---|---|---|
Net interest income | 10,587 | 10,614 | 0.3% |
Net fees and commissions | 3,526 | 3,402 | -3.5% |
Net gains from financial operations | 1,326 | 1,077 | -18.8% |
Other income | 71 | 62 | -12.7% |
Net banking income | 15,509 | 15,154 | -2.3% |
Personnel expenses | -3,315 | -3,334 | 0.6% |
General administrative expenses | -2,228 | -2,103 | -5.6% |
Depreciation, impairment and disposal of fixed assets | -866 | -888 | 2.5% |
Operating costs | -6,409 | -6,325 | -1.3% |
Gross operating income | 9,099 | 8,829 | -3.0% |
Cost of risk | -964 | -780 | -19.1% |
Net operating income | 8,135 | 8,048 | -1.1% |
Profit on subsidiaries and associates | 74 | 95 | 28.4% |
Share in profit of pension scheme beneficiaries | -259 | -248 | -4.2% |
Profit before income taxes | 7,950 | 7,895 | -0.7% |
Income taxes | -1,457 | -1,304 | -10.5% |
Net profit | 6,493 | 6,591 | 1.5% |
Minority profit/(loss) | 183 | 205 | 12.0% |
Net profit attributable to the Bank’s shareholders | 6,310 | 6,386 | 1.2% |
Balance Sheet (CZK million, unaudited) | 31 Dec 2013 | 30 June 2014 | Change year to date |
---|---|---|---|
Assets | 863,980 | 877,593 | 1.6% |
Cash and balances with central bank | 44,405 | 56,121 | 26.4% |
Amounts due from banks | 125,735 | 112,823 | -10.3% |
Loans and advances to customers (net) | 473,090 | 472,929 | 0.0% |
Securities | 182,533 | 189,889 | 4.0% |
Other assets | 38,218 | 45,831 | 19.9% |
Liabilities and shareholders’ equity | 863,980 | 877,593 | 1.6% |
Amounts due to banks | 49,680 | 43,262 | -12.9% |
Amounts due to customers | 649,158 | 656,518 | 1.1% |
Securities issued | 22,417 | 21,435 | -4.4% |
Other liabilities | 46,187 | 56,040 | 21.3% |
Shareholders’ equity | 96,538 | 100,338 | 3.9% |
Key ratios and indicators | 30 June 2013 | 30 June 2014 | Change year on year |
---|---|---|---|
Capital adequacy (CNB)* | 16.2% | 16.7% | n.a. |
Tier 1 ratio (CNB)* | 16.2% | 16.7% | n.a. |
Total risk weighted assets (CZK billion)* | 365.5 | 381.7 | n.a. |
Risk weighted assets for credit risk (CZK billion)* | 308.0 | 318.6 | n.a. |
Net interest margin (NII/average interest-bearing assets) | 2.9% | 2.6% | |
Loans (net) / deposits ratio | 75.4% | 72.0% | |
Loans (net) / deposits ratio excluding client assets in Transformed fund | 79.8% | 76.3% | |
Cost / income ratio | 41.3% | 41.7% | |
Return on average equity (ROAE) | 13.6% | 13.4% | |
Adjusted return on average equity (adjusted ROAE)** | 17.0% | 16.3% | |
Return on average assets (ROAA) | 1.6% | 1.5% | |
Earnings per share (CZK) | 334 | 338 | 1.2% |
Average number of employees during the period | 8,624 | 8,545 | -0.9% |
Number of branches (KB standalone in the Czech Republic) | 398 | 399 | +1 |
Number of ATMs | 713 | 734 | +21 |
Number of clients (KB standalone) | 1,587,000 | 1,609,000 | 1.4% |
* According to Basel II methodology in 2013, Basel III since 2014
** Computed as net profit attributable to equity holders divided by average Group shareholders’ equity less minority equity, cash flow hedging and revaluation of available-for-sale securities.
Business performance in retail segment – overview | 30 June 2014 | Change year on year | |
---|---|---|---|
Mortgages to individuals | – volume of loans outstanding | CZK 151.2 billion | 10.1% |
– number of loans outstanding | 129,000 | 12.0% | |
Building savings loans (MPSS) | – volume of loans outstanding | CZK 40.8 billion | -13.0% |
– number of loans outstanding | 102,000 | -11.6% | |
Consumer loans (KB + ESSOX) | – volume of loans outstanding | CZK 28.7 billion | 4.4% |
Small business loans | – volume of loans outstanding | CZK 28.2 billion | -1.3% |
Total active credit cards | – number | 200,000 | -2.1% |
– of which to individuals | 157,000 | -0.7% | |
Total active debit cards | – number | 1,369,000 | -0.5% |
Insurance premiums written (KP) | CZK 7.0 billion | 58.2% |
Financial calendar for 2014:
- 6 November 2014: Publication of 9M 2014 and 3Q 2014 results
1) Excluding repo operations with clients
2) There was a slight contribution to the CZK growth rates for loans and deposits (mainly in corporate segments) from revaluation of instruments denominated in foreign currencies. This reflects the weaker CZK following CNB intervention in November 2013.
3) Excluding repo operations with clients. Total amounts due from clients expanded by 8.2% year on year to CZK 656.5 billion.
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- Modern Media Hub Takes Huge Leap with Financing Help of Cap Expand Partners
- Digi Communications N.V. announces the release of the Financial Calendar for 2023
- Digi Communications N.V. announces the exercise of stock options by two of the Directors of the Company
- Tanduay Is First Asian Rum to Enter Austrian Market
- Digi Communications N.V. Announces the Resolutions of the General Shareholders’ Meeting from 28 December 2022, approving, amongst others, the 2021 Annual Accounts
- MIGUN LIFE's new personal healthcare products are unveiled, heralding the grand first debut at CES 2023
- Digi Communications N.V. announces that the Romanian version of the Annual Financial Report for the year ended December 31, 2021 for the Digi Communications N.V. Group is available
- Digi Communications N.V. Announces Convocation of the Company’s general shareholders meeting for 28 December 2022 for the approval of, among other items, the 2021 Annual Report
- Digi Communications N.V. Announces the availability of the Annual Financial Report for the year ended December 31, 2021 for Digi Communications N.V. Group
- Digi Communications N.V.’s Romanian subsidiary was designated winner of the auction organised for the allocation of certain radio frequency entitlements in 2600 MHz and 3400-3800 MHz bands
- Digi Communications NV announces the release of the Q3 2022 Financial Results
- Digi Communications N.V. announces a Subsequent Amendment of the Company’s 2022 financial calendar
- Digi Communications NV announces Investors Call for the Q3 2022 Financial Results presentation
- Sygnum Bank and Artemundi tokenize Warhol’s Marilyn Monroe artwork
- Your Daily Commutes Will be Seamless, Connected and Productive.
- The secondary market platform THELAPHANT.IO introduces, for the first time in Israel: "a stock liquidity plan" for high-tech employees and companies
- Teavaro and CDP Institute Offer Free Online Course on Identity Resolution
- Digi Communications N.V. announces a Subsequent Amendment of the Company’s 2022 financial calendar
- Digi Communications N.V. announces an Amendment of the Company’s 2022 financial calendar
- 12-month real-world achievements for Diabeloop’s Automated Insulin Delivery (AID):
- Digi Communications N.V. announces the availability of the Instruction regarding the Payment of Dividends for the Financial Year 2021
- Simplify Content za usluge organskog Content Marketinga otvara svoja vrata poduzećima da (zajedno) uspješno kreiraju kvalitetan i relevantan sadržaj za potencijalne i postojeće klijente
- Digi Communications N.V. announces the approval of interim dividend distribution and updates regarding the 2022 Financial Calendar
- A new, creativity-based educational method increases the ability to solve problems with young people, in the social field, or when building a team in the company
- Digi Communications NV announces the release of the H1 2022 Financial Results
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- Digi Communications NV announces Investors Call for the H1 2022 Financial Results
- Digi Communications N.V. Announces the update of its 2022 Financial Calendar
- Digi Communications N.V. Announces the conclusion by the Company’s Spanish subsidiary of an amendment agreement to the facility agreement dated 26 July 2021
- Customer Data Platform Industry Grew Strongly in First Half of 2022: CDP Institute Report
- Metadeq Announces Breakthrough Non-Invasive Blood Test that Solves NASH Diagnosis Problem
- Η HBC Consulting Expert θεωρεί παράλογη την εμπλοκή του κυπριακού δικαστηρίου στην υπόθεση κληρονομιάς από τη χήρα του ολιγάρχη Μπόσοφ
- Esperto della società di consulenza HBC: le autorità italiane non hanno permesso a Katerina Bosov di vendere la villa del marito
- HBC Consulting Expert considers senseless the involvement of the Cypriot court in the case of inheritance by the widow of oligarch Bosov
- Fusion BPO Services is Opening New Center in Kosovo
- Hi-SIDE demonstrates an integrated high speed satellite data chain architecture at data rates exceeding 10 Gigabits per second
- Digi Communications N.V. announces that a joint venture of its subsidiary in Romania designated as one of the winners of the auction organized by the Belgian Institute for Postal Services and Telecommunications for the allocation of mobile spectrum frequency user rights
- KI-basierte Geldanlage für Privatpersonen – Velvet AutoInvest erhält 1,3 Mio. USD Seed-Investment
- Haizol Now Offer 3D Printing Services to Customers Worldwide
- Caravel Capital Fund Showcased At Secure Spectrum’s Hedge Fund Seminar
- Diabeloop, a key player in therapeutic AI applied to insulin delivery, announces 70 million euros new financing round to accelerate its international expansion
- Digi Communications NV Announces Availability of the 2021 Preliminary Annual Report (including the Company’s audited non-statutory Consolidated financial statements issued as per IFRS EU)
- Digi Communications N.V. Announces that conditional stock options were granted to executive directors of the Company and to directors and employees of the Company’s Romanian Subsidiary
- Caravel Capital Investments Inc. Founding Partner to Speak at Secure Spectrum Hedge Fund Seminar
- Digi Communications NV announces a correction of clerical errors by Amending the Q1 2022 Financial Report
- Digi Communications NV announces the release of Q1 2022 Financial Results
- Digi Communications N.V. announces Investors Call for the Q1 2022 Financial Results presentation
- Yield Crowd Tokenizes US $50M Real Estate Portfolio on Stellar Blockchain
- Digi Communications N.V. Announces an Amendment to the Financial Calendar for 2022
- Diabeloop presents new real-life results of DBLG1® System: Confirmed improvement in Time In Range +18.4 percentage points; Reduction of time spent in hypoglycemia to only 0.9%
- How two female entrepreneurs are redefining the lake travel industry
- Vil du være med å utvikle fremtidens bærekraftige reiseliv?
- Mettiti alla prova con la terza edizione del CASSINI Hackathon per rivitalizzare il settore turistico
- Προκαλέστε τον εαυτό σας στο 3ο CASSINI Hackathon και στοχεύστε την αναζωογόνηση του τουρισμού!
- Participez au 3e Hackathon CASSINI et relevez le défi de redynamiser le tourisme!
- 3. CASSINI Hackathon zur Neubelebung des Tourismus: Stellen Sie sich der Herausforderung!
- Írd újra Európa turizmusát a 3. CASSINI Hackathonon!
- Aceita o desafio do 3º CASSINI Hackathon para revitalizar o turismo!
- Podejmij wyzwanie! Weź udział w 3. Hackathonie CASSINI i pomóż ponownie ożywić turystykę!
- Daag jezelf uit op de 3e CASSINI Hackathon en blaas toerisme nieuw leven in
- Diabeloop adapts its self-learning, personalized insulin automatization software to be used with insulin pens
- Amadeus unveils five defining trends for the US group travel and events industry in 2022
- On World Bipolar Day ALCEDIAG announces EIT Health supported EDIT-B Consortium validating innovative blood diagnostic test for bipolar disorder
- Global & Europe Mental Health Software and Devices Market to Witness a Revenue of USD 13367.12 Million by 2030 by Growing with a CAGR of 13.28% During 2021-2030; Increasing Concern for Mental Health Disorders to Drive Market Growth
- Digi Communications NV announces the release of the 2021 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the 2021 Preliminary Financial Results presentation
- At MWC in Barcelona, Amphenol will be exhibiting its wide offering for wireless service providers – including Open RAN compatible active 5G antennas
- ELIOS combined with cataract surgery delivers significant IOP reduction out to 8 years
- Tableau comparatif des pays : les caractéristiques à connaître avant de se développer à l’international
- Smart exosomes from an Australian technology leader
- Bucharest Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares
- Transmetrics AI is Applied by DB Schenker to Improve Land Transport Network in Bulgaria
- Digi Communications N.V.: Announces repayment of an aggregate amount of approx. EUR 272 million of the Group’s financial debt
- El Liceo Europeo vence el Premio Zayed a la Sustentabilidad 2022 en Europa y Asia Central
- Framework rebrands to daappa, heralding a new phase in fintech solutions designed for private markets
- Digi Communications N.V. Announces the publishing of the Financial Calendar for 2022
- Manufacturing giant Haizol expands their offices in China
- Patients and R&D Leaders Jointly Present at EU Conference on Progress with Patient-Input to Transform Medicine Development
- Seminário Bíblico sobre “O Cumprimento da Palavra de Jesus no Mundo de Hoje”
- 'I Love fruit & veg from Europe': Weihnachten in der Schweiz ist gesund und voller Aromen
- Fidupar Now Live on Framework’s Core Solution
- Maya Miranda Ambarsari launches InterconnectDATA information platform for authentic data
- Digi Communications N.V. Announces that the offer of the Company’s Romanian subsidiary was designated winner of the auction organised for the allocation of certain radio frecquency entitlements
- New dating site aimed at people with mental health problems launches in Switzerland
- BITSCore Tests Satellite Cyber-Security and Ride-Share Algorithms on Australian Rocket
- StatusMatch.com ed Emirates collaborano per aiutare i frequenti viaggiatori italiani a tornare in volo
- StatusMatch.com and Emirates partner up to help Italian frequent flyers get back in the air
- MinDCet drivers and FTEX powertrain solutions enable EV GaN applications
- Digi Communications NV announces the release of the Q3 2021 Financial Results
- Origami and citoQualis Team up for Startups
- Digi Communications NV announces Investors Call for the Q3 Financial Results presentation
- Digi Communications N.V. announces the extraordinary general meeting’s resolution from 4 November 2021, approving the appointment of KPMG N.V. as the Company’s statutory auditor for the 2021 financial year
- Digi Communications N.V. announces The solution reached by the Bucharest Court of Appeal regarding the investigation conducted by the Romanian National Anticorruption Directorate with respect to RCS & RDS S.A., Integrasoft S.R.L. and certain of their directors
- Digi Communications N.V. Announces the results of the auction organised by the Portuguese Authority for Telecommunications
- Haizol expands its capabilities to include component assembly and product development
- EIC, the World’s Largest Multinational Innovation Program, to Invest €13.4M in Wi-Charge, a Game Changing Wireless Power Company
- European Weightlifting Federation on its way for Electoral Congress
- “Without women, We are unable to solve the world’s greatest challenges” — She Loves Tech 12 Hot Finalists ready to get their chance at the Local Pitch in South Europe!
- Significant improvement in increasing Time In Range and reducing hypoglycemia among people equipped with Diabeloop DBLG1
- Digi Communications N.V. Announces the Convocation of the Company’s Extraordinary General Meeting of Shareholders on 4 November 2021 in order to appoint KPMG N.V. as the Company’s new statutory auditor for the financial year 2021
- Unit of Measure enters partnership with Stibo Systems
- Haizol, metal manufacturing giant, launch a brand new website which is both user friendly and interactive
- Groundbreaking Immersive Experience from Samsung and Artist Michael Murphy Reveals a New Perspective for Visual Entertainment Through the Stunningly Slim Neo QLED TV
- Collaboration between Airbus and Neural Concept
- Archpriest Nikolay Balashov on Patriarch Bartholomew’s speeches in Kiev
- ABB's Peter Voser joins Xynteo's Europe Delivers partnership as it new Chairman
- Digi Communications NV announces that a new stock option programme was approved
- Leverage the benefits of digital manufacturing with Haizol
- Digi Communications NV announces the release of the H1 2021 Financial Results
- Digi Communications NV announces Investors Call on the Financial Results for H1 2021
- Rockegitarist-Sensasjon Rocky Kramer Har Fått Hovedrollen I Mutt Productions Filmen Rockin’ In Time
- Dispatch.d Offers Unique US Market Entry Services for European Impact Brands
- CSA Research’s New Localization Intelligence Analyzer, powered by LocHub, Helps Organizations Improve their Website’s Effectiveness for Global Customers
- Customer Data Platform Industry Accelerated During Pandemic: CDP Institute Report
- Digi Communications N.V. announces that two of its subsidiaries entered into two facility agreements
- Introducing Cap Expand Partners, Helping Business Leaders Break International Barriers
- Hong Kong’s Innovation and Technology Venture Fund Becomes Strategic Financial Investor of Ignatica
- Cure for prostate cancer on the horizon
- Fanpictor signs multi-year partnership with Royal Belgian Football Association
- Fanpictor unterzeichnet mehrjährige Partnerschaft mit dem Königlich Belgischen Fussballverband
- Fanpictor signe un partenariat pluriannuel avec la Royal Belgian Football Association
- Fanpictor firma una colaboración de varios años con la Real Federación Belga de Fútbol
- Fanpictor firma una partnership pluriennale con la Royal Belgian Football Association
- Fanpictor tekent meerjarige partnership met Koninklijke Belgische Voetbalbond
- Launch of the New Akenza Platform
- De zelflerende algoritme DBLG1®: eenvoudig te gebruiken voor een optimale en gepersonaliseerde behandeling van diabetes type 1
- Launch of the Anna Lindh Foundation Virtual Marathon for Dialogue!
- Digi Communications N.V. announces the exercise of stock options by the Executive Director of the Company pursuant to the decision of the Company’s general meeting of shareholders dated 30 April 2020 and in accordance with the stock option plan approved at the level of the Company in 2017
- New research unlocks long tail growth opportunity for the tech industry
- Digi Communications NV announces the availability of the instructions on the 2020 share dividend payment
- Digi Communications NV announces that conditional stock options were granted to several Directors of the Company based on the approval of the general meeting of shareholders from 18 May 2021
- Digi Communications N.V. Announces the Company’s General Shareholders Meeting resolutions adopted on 18 May 2021 approving, amongst others, the 2020 Annual Accounts
- Digi Communications N.V. (“Digi”) announces the Q1 2021 Financial results
- Digi Communications NV announces Investors Call for the Q1 2021 Financial Results
- Digi Communications N.V. announces an Amendment to the 2021 Financial Calendar
- Fastpayhotels Hits an Industry Milestone by Connecting 500 Hotels Per Day Through DerbySoft Technology
- 4 ways to build a more flexible supply chain
- Join the world's leading virtual CBD event for FREE
- DEEPENING STRATEGIC RELATIONSHIP BETWEEN UBC AND PIONEERING DECENTRALISED PLATFORM, MANYONE
- Mono Solutions recognizes Norwegian small business agency with best website 2021 award
- Mono Solutions and Xrysos Odigos unlock new opportunities for small businesses
- Behind the scenes of a 10,000-people online conference: creating a live-event atmosphere and leveraging cybersecurity software
- Largest Supply Chain for Face masks, FFP2, FFP3 and cloth masks
- TRANSMAR AND TRANSMETRICS SIGN DEAL FOR STATE-OF-THE-ART LOGISTICS COLLABORATION
- Amendment of Digi Communications N.V. Financial Calendar for 2021
- 4iG and Digi Communications NV’s Romanian subsidiary have entered into a term sheet with regards to a potential acquisition by 4iG of DIGI Group’s Hungarian operations
- “Building Healthy Relationships and Enhancing Gender Equality”: Young women from Cyprus, Egypt, Lebanon and Jordan come together
- Bring Ventures investit dans Crossborderit (CBIT), DDP et une solution de commerce électronique
- Bring Ventures investiert in Crossborderit (CBIT), eine DDP (geliefert verzollt) und E-Commerce Lösung
- Bring Ventures invests in Crossborderit (CBIT), DDP and ecommerce solution
- Lionspeed GP with Patrick Kolb and Lorenzo Rocco joins forces with CarCollection Motorsport in 2021
- Eurekos, ein klassenbester LMS-Anbieter, hat seine Position im renommierten Fosway 9-Grid™ für Lernsysteme verbessert
- Eurekos, en førsteklasses LMS-udbyder, har forstærket sin position på den prestigefyldte Fosway 9-Grid™ for læringssystemer
- Eurekos, ein erstklassiger LMS-Anbieter, hat seine Position auf dem renommierten Fosway 9-Grid™ für Lernsysteme weiter ausgebaut
- Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares
- Digi Communications N.V.: Announces an Amendment to the Financial Calendar for 2021
- Ideanomics Invests $13M in Italian EV Motorcycle Company, Energica
- DigiSky and Asman Technology Announce Global Reseller Agreement
- Neowintech - O Marketplace Da Sua Próxima Solução Financeira
- Neowintech - Il Marketplace per la tua prossima soluzione finanziaria
- PIONEERING DECENTRALISED SECURE MESSAGING PLATFORM MANYONE ANNOUNCES STRATEGIC RELATIONSHIP WITH UNIVERSITY COLLEGE LONDON CENTRE BLOCKCHAIN TECHNOLOGY
- Digi Communications NV announces the release of the 2020 Preliminary Financial Results
- Fraunhofer IGD develops automated robotic arm to scan cultural objects in 3D, now cooperating with Phase One
- Adapt Fast or Disappear – Choosing the Right Supplier
- Digi Communications NV announces Investors Call for the 2020 Preliminary Financial Results
- A URSAPHARM Arzneimittel e a CEBINA anunciam uma parceria com vista a reaproveitar o anti-histamínico azelastina para combater a COVID-19
- URSAPHARM Arzneimittel et CEBINA annoncent un partenariat pour reconvertir l'antihistaminique azélastine afin de lutter contre la COVID-19
- URSAPHARM Arzneimittel y CEBINA anuncian una colaboración para readaptar el antihistamínico azelastine para combatir la COVID-19
- URSAPHARM Arzneimittel and CEBINA announce partnership to repurpose the antihistamine azelastine to combat COVID-19
- ANIL UZUN Will Launch Bass Guitar Lessons Series on Youtube
- Henrik Stampe Appointed CEO for Mono Solutions
- Anna Mossberg leder Nordens största privata AI-lab i Sverige: "Utan AI riskerar svenska företag att förlora sin konkurrensfördel."
- What COVID-19 has taught us about manufacturing & the importance of a digital online marketplace
- Digi Communications N.V. announces: the Supreme Court of Hungary dismissed the Company’s appeal related to the 5G Tender procedure
- Customer Data Platform Industry to Reach $1.5 Billion in 2021: CDP Institute Report
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GreenMantra Technologies Announces Exclusive Distribution Relationship with HARKE GROUP