Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

ECB announces rescheduling of loan-level data reporting requirements

Posted on 28, November 2012 by

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 →

Posted in Banks, Economy, European Union, Financial, Germany, Government

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

Posted on 27, November 2012 by

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 →

Posted in Banks, Business, Financial, Germany, Investment

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

Posted on 27, November 2012 by

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 →

Posted in Art & Culture, Banks, Financial, Germany, Society

Completing and Repairing EMU

Posted on 27, November 2012 by

Speech by Vítor Constâncio, Vice-President of the ECB, at the Hyman P. Minsky Conference on Financial Instability organised by the Levy Economics Institute and ECLA of Bard with support from the Ford Foundation, The German Marshall Fund of the United States, … Read the full press release →

Posted in Banks, Business, Economy, European Union, Financial, Germany, Government, Politics

Statement by the EC, ECB, and IMF on the Mission to Cyprus

Posted on 27, November 2012 by

Brussels, 27-11-2012 — /europawire.eu/ —   An EC/ECB/IMF mission has had productive discussions with the Cypriot authorities on the policy building blocks of a macroeconomic adjustment programme. The authorities and EC/ECB/ IMF teams made good progress towards agreement on key policies to … Read the full press release →

Posted in Banks, Belgium, Cyprus, European Union, Financial, Government, Politics

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EIB and Aquitaine Region commit €800m for sustainable development and energy efficiency

Posted on 23, November 2012 by
REGION AQUITAINE LYCEES HQE The Project consists in expanding and retro-fitting high schools ("lycées" and higher education buildings) infrastructure so as to meet increasing capacity requirements and to achieve the Region's Aquitaine ambitious energy efficiency targets, for a total cost in excess of EUR 1bn.

23-11-2012 — /europawire.eu/ — The commitment of EUR 800m for education, sustainable development and renewable energy was announced by the Aquitaine Region and the European Investment Bank (EIB), following a signing ceremony held at the Aquitaine Regional Council presided over by Alain … Read the full press release →

Posted in Banks, Business, Education, Energy, Gas & Oil, European Union, Financial, Government, Investment, Luxembourg

Buying consumer credit on-line: following EU action, over 75% of websites checked now give satisfactory information to clients

Posted on 23, November 2012 by

Brussels, 23-11-2012 — /europawire.eu/ — Before consumers enter into a loan, they need to understand its real cost and take the time to reflect, especially on the monthly repayment. Following a crackdown on websites offering consumer credits, more than 3 out of 4 … Read the full press release →

Posted in Banks, Belgium, European Union, Financial, Government, Internet & Online, Law

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EIB-ICO step up support for SMEs with EUR 1 billion

Posted on 23, November 2012 by
Signature ICO/EIB ICO’s Chairman, Román Escolano and EIB Vice-President Magdalena Álvarez Arza Luxembourg 22/11/2012

23-11-2012 — /europawire.eu/ — The European Investment Bank (EIB) has granted a EUR 500 million loan to Spain’s Instituto de Crédito Oficial (ICO) to finance on favourable terms the investment projects and working capital of small and medium-sized businesses, mainly in the … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Investment, Luxembourg, Small Business, Spain

Mersch appointed to the executive board of the ECB

Posted on 23, November 2012 by

Brussels, 23-11-2012 — /europawire.eu/ — The European Council today adopted a decision appointing Yves Mersch to the executive board of the European Central Bank for a term of eight years as from 15 December. He will succeed José Manuel González-Páramo, who completed his … Read the full press release →

Posted in Banks, Belgium, European Union, Government, Management

Rationale and principles for Financial Union

Posted on 23, November 2012 by

Speech by Mario Draghi, President of the ECB, at the 22nd Frankfurt European Banking Congress, Frankfurt am Main, 23 November 2012 Frankfurt am Main, 23-11-2012 — /europawire.eu/ — Lord Mayor Feldmann, Dear Mr. Blessing, Dear Mr. Fitschen, Ladies and Gentlemen, It is a … Read the full press release →

Posted in Banks, European Union, Financial, Germany, Government, Politics

Electronic money: Commission asks Court of Justice to fine Belgium for not implementing EU rules

Posted on 23, November 2012 by

Brussels, 23-11-2012 — /europawire.eu/ — The European Commission has decided to refer Belgium to the Court of Justice of the EU for failing to implement the Directive on the taking up, pursuit and prudential supervision of the business of electronic money institutions. The Commission has … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Law

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ABLV Bank results in Q3 2012

Posted on 22, November 2012 by

Riga, Latvia, 22-11-2012 — /europawire.eu/ — Q3 2012 was very successful for ABLV Group. The business volume and all major performance indicators continued to grow. The bank’s profit amounted to LVL 10.9 million (EUR 15.4 million). In Q3 we continued gradually substituting long-term … Read the full press release →

Posted in Banks, Business, Financial, Latvia

State aid: the Commission approves a new Spanish scheme for the early depreciation of assets acquired via finance leases

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has ruled that the new Spanish system for the early depreciation of the cost of certain assets acquired through finance leasing does not constitute state aid under EU rules, inter alia because it is not selective. Joaquín … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Law, Spain

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The Banking Union must be set up urgently

Posted on 22, November 2012 by

22-11-2012 — /europawire.eu/ — Since the onset of the banking crisis, the European Economic and Social Committee (EESC) has advocated greater integration and harmonisation of the regulatory system governing European banks. In light of the current negotiations on the Banking Union and … Read the full press release →

Posted in Banks, Belgium, Business, Economy, European Union, Financial, Government

Statement by the EC, ECB, and IMF on the Sixth Review Mission to Portugal

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during November 12 – 19 for the sixth quarterly review of Portugal’s economic programme. The programme is broadly on track, … Read the full press release →

Posted in Banks, Belgium, European Union, Financial, Government, Portugal

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State aid: Commission approves amendments to the restructuring plan of ING

Posted on 21, November 2012 by

Brussels, 21-11-2012 — /europawire.eu/ — Following an agreement between the European Commission and The Netherlands, the Commission has approved an amended restructuring plan of the Dutch-based financial institution ING under EU state aid rules. ING agreed to a fixed repayment schedule and revamped … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Law, Netherlands

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EIB celebrating the 4th Microfinance Award

Posted on 20, November 2012 by
4th European Microfinance Award Programme Presentation of three finalists of the 4th European Microfinance ASKI, from The Philippines; Banco FIE, from Bolivia and Kompanion from the Kyrgyz Republic. here with Her Royal Highness The Grand Duchess of Luxembourg and Prof. Muhammad Yunus, Chairman of Yunus Centre, Dhaka, Bangladesh Luxembourg 11/15/2012

20-11-2012 — /europawire.eu/ — During European Microfinance Week, held 14-16 November 2012 in Luxembourg, the 4th European Microfinance Award was presented to the Philippine organization Alay Sa Kaunlaran Inc. (ASKI) for their efforts to support the local Philippine agricultural sector. The European … Read the full press release →

Posted in Agriculture, Awards, Banks, Business, European Union, Financial, Government, Investment, Luxembourg, Small Business, Society

Belgium: EIB lends Aquafin EUR 200 million for wastewater treatment and water protection schemes in flemish region

Posted on 20, November 2012 by

20-11-2012 — /europawire.eu/ — The European Investment Bank (EIB) and Aquafin N.V. have signed the first EUR 50 million instalment of a EUR 200 million 30-year loan for financing projects involving the additional sanitation of various discharge locations, the construction of wastewater … Read the full press release →

Posted in Banks, Belgium, Construction, Environment, European Union, Government, Investment

Union bancaire, intégration économique et budgétaire: vers une Europe forte, partenaire stratégique solide pour la Russie

Posted on 20, November 2012 by

Michel BARNIER — Membre de la Commission européenne, chargé du Marché intérieur et des Services Conférence de l’Association des entreprises européennes en Fédération de Russie (AEB) Moscou, 20-11-2012 — /europawire.eu/ — Mesdames et Messieurs, Permettez-moi tout d’abord de remercier l’AEB, le Président de son … Read the full press release →

Posted in Banks, Business, European Union, Government, Politics, Russia

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The euro as a trusted means of payment

Posted on 20, November 2012 by

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the joint ECB-MNB conference on “Cost and efficiency of retail payments: Evidence, policy actions and role of central banks”, Budapest, 20-11-2012 — /europawire.eu/ — Ladies and gentlemen [1], It is a great … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Hungary, Retail