Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Research and development: EIB lends EUR 60 million to Piaggio Group for projects carried out in Italy

PIAGGIO R&D II Financing of Piaggio's selected activities for the research, technical improvement and product development of scooters, motorcycles and small light commercial vehicles.

30-11-2012 — /europawire.eu/ — The European Investment Bank (EIB) and Piaggio today signed a EUR 60 million finance contract to support Piaggio Group’s research and development projects. The loan will be for a term of seven years and will be used … Read the full press release

BIS, ECB and IMF publish third part of “Handbook on Securities Statistics”

30-11-2012 — /europawire.eu/ — The Bank for International Settlements (BIS), the European Central Bank (ECB) and the International Monetary Fund (IMF) today jointly released the third and final part of the Handbook on Securities Statistics, which covers equity securities issues and holdings. … Read the full press release

Rabobank: Virtually no growth in Dutch economy in 2013; global growth only 3.75%.

30-11-2012 — /europawire.eu/ — Very low economic growth rates are becoming the rule rather than the exception in the Netherlands, and 2013 will not be different, with just 0.25% growth expected. Therefore, by the end of next year, Dutch Gross Domestic … Read the full press release

BFA-Bankia Group will return to profitability in 2013, with net profit of 1,200 million in 2015

Plan approval entails immediate injection of the requested capital, making Bankia one of Spain’s most solvent banks The state aid to be received by the BFA-Bankia Group totals 17,959 million, including the 4,500 million injected on 12 September The go-ahead … Read the full press release

ABN AMRO reports underlying net profit of EUR 1,201 million for the first nine months of 2012

29-11-2012 — /europawire.eu/ — ABN AMRO reports underlying net profit of EUR 1,201 million for the first nine months of 2012 and EUR 374 million for Q3 The year-to-date underlying net profit, which excludes separation and integration-related expenses, rose 22% to … Read the full press release

State aid: recapitalisation of Spanish banks – the Commission’s role under EU State aid control

Brussels, 29-11-2012 — /europawire.eu/ — Since the start of the financial crisis in October 2008, EU Member States have taken hundreds of measures in favour of financial institutions in order to preserve financial stability. Most of this support constitutes state aid in … Read the full press release

Mergers: Commission approves acquisition of stakes in Dutch wholesale clothing company HVEG by ABN AMRO and Rabobank

Brussels, 29-11-2012 — /europawire.eu/ — Mergers: Commission approves acquisition of stakes in Dutch wholesale clothing company HVEG by ABN AMRO and Rabobank The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the Dutch banks ABN AMRO and … Read the full press release

Challenges facing financial integration and financial stability

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, 3rd Pan-Asian Regulatory Summit organised by Thomson Reuters, Hong Kong Hong Kong, 29-11-2012 — /europawire.eu/ — Ladies and Gentlemen, It is a great pleasure to be here in Hong Kong and I … Read the full press release

Deal on stricter EU rules for sovereign debt ratings

29-11-2012 — /europawire.eu/ — Credit rating agencies will have to obey additional rules on sovereign debt ratings, including three set dates per year for issuing them, under a deal agreed by Parliament, the Council and the Commission on Tuesday. Cross-ownership of … Read the full press release

Lower Inn Valley railway line completed – Record EIB loan for high-speed line

ÖBB Weststrecke Pat Cox, EU-Coordinator Priority Project No. 1, Doris Bures, Austrian Federal Minister for Transport, Innovation, and Technology, Tyrol’s governor Günther Platter, Radfeld’s Mayor Josef Auer, CEO ÖBB-Holding AG Christian Kern, and CEO of ÖBB-Infrastruktur AG, Andreas Matthä 26/11/2012

29-11-2012 — /europawire.eu/ — Austrian Railways (ÖBB) officially completed its high-speed rail line project in the Lower Inn Valley in the Tyrol. The European Investment Bank (EIB) provided a total of EUR 1 billion for this ambitious project in its biggest ever … Read the full press release

Italy: EUR 160 million for Enel Green Power for new facilities

ENEL GREENPOWER ENERGIE RINNOVABILI II Financing of a 3-year investment programme for the period 2011-2013, focusing on the installation of new renewable energy capacities (approx 825 MW) in Italy, mainly small/medium scale wind farms and photovoltaic plants. 27/11/2012

29-11-2012 — /europawire.eu/ —  The European Investment Bank (EIB) and Enel Green Power (EGP) signed a EUR 160 million loan for financing the four-year plan of the Enel Group company concerned with renewable and alternative energy sources. This is the second … Read the full press release

ÖBB western line: EIB lends EUR 1 billion to finance extension of Danube line

Bahnstrecke Unterinntal fertiggestellt – Rekord-Darlehen der EIB für Hochleistungstrasse Dr. Georg-Michael Vavrovsky, Member of the Board of Management ÖBB-Infrastruktur AG, Wilhelm Molterer, Vice President of the EIB and Andreas Matthä, CEO ÖBB-Infrastruktur AG. 26/11/2012

29-11-2012 — /europawire.eu/ — The European Investment Bank (EIB) is financing the extension of one of Europe’s most important rail links. In 2007 and 2008 the EIB provided loans totalling EUR 400 million for the four-track extension of the Vienna-St. Pölten … Read the full press release

EIB supports Tallinn´s urban infrastructure development

The European Investment Bank (EIB) is providing a long-term loan of EUR 66.8 million to finance small to medium-sized priority projects upgrading municipal infrastructure in Tallinn. 29-11-2012 — /europawire.eu/ — EIB Vice-President Pim van Ballekom, responsible for lending in Estonia, stated: “EIB … Read the full press release

EIB and Sberbank to enhance cooperation in their common regions of operation

29-11-2012 — /europawire.eu/ — Werner Hoyer, President of the European Investment Bank (EIB), and Herman Gref, Chief Executive Officer and Chairman of the Management Board of Sberbank, signed a Joint Statement of Cooperation. The two financing institutions agreed to work together … Read the full press release

EIB provides GBP100m for Johnson Matthey’s European R&D

29-11-2012 — /europawire.eu/ — Specialist research into emission control, process and low carbon technologies undertaken by Johnson Matthey will be supported by a GBP 100m loan agreed with the European Investment Bank. This work is expected to make a significant contribution … Read the full press release

Serbia: EUR 100 million for SMEs

29-11-2012 — /europawire.eu/ — The European Investment Bank (EIB) has signed two loans totalling EUR 100 million in Serbia with two local financial institutions in support of the projects of small and medium-sized enterprises (SMEs) as well as infrastructure schemes promoted … Read the full press release

EIB continues to support urban infrastructure in Olomouc

28-11-2012 — /europawire.eu/ —  The European Investment Bank (EIB) is lending CZK 500 million (approx. EUR 20 million) to the City of Olomouc in Central Moravia to finance municipal infrastructure projects involving the improvement, rehabilitation, upgrading and extension of the … Read the full press release

ECB announces rescheduling of loan-level data reporting requirements

28-11-2012 — /europawire.eu/ — On 6 July 2012 the European Central Bank (ECB) announced the future timeline for the start of the loan-level data reporting requirements for asset-backed securities as part of the Eurosystem’s collateral framework. In order to ensure that … Read the full press release

Commerzbank to invest more than EUR 2.0 billion in its core business until 2016

Return on equity after taxes (RoE) in the Core Bank to be more than 10 % by 2016 Cost-income ratio (CIR) in the Core Bank to decrease to around 60 % Core Tier 1 ratio to be always substantially higher … Read the full press release

Deutsche Bank expands its global art activities by opening its own exhibition gallery

Deutsche Bank KunstHalle opens in Berlin in early 2013 / Imran Qureshi from Pakistan is “Artist of the Year” 2013 27-11-2012 — /europawire.eu/ — Deutsche Bank continues to expand its art activities. In spring 2013, the bank will open its own … Read the full press release