Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Garanti BBVA Achieves Record Sustainability Score in 2024 S&P Global Assessment, Leading Turkish Banking Sector

(IN BRIEF) Garanti BBVA, part of the BBVA Group, achieved a record score of 85 in the 2024 S&P Global Corporate Sustainability Assessment (CSA), ranking 15th globally among 668 financial institutions. The bank’s commitment to sustainability includes a target to … Read the full press release

ING Announces €0.161 Per Share Cash Distribution as Part of €2.5 Billion Shareholder Return

(IN BRIEF) ING will pay €0.161 per share on 16 January 2025 as part of a €2.5 billion distribution package, which includes a €500 million cash payment based on 3,096 million ordinary shares. The distribution also features a share buyback … Read the full press release

EIB Provides €55 Million to Rebuild Ukraine’s Schools, Hospitals, and Social Infrastructure Under Recovery Programme

(IN BRIEF) The European Investment Bank (EIB) has allocated €55 million in EU-guaranteed funding under the Ukraine Recovery Programme to rebuild critical social infrastructure in 2025 and beyond. This funding, part of the €340 million framework loan backed by the … Read the full press release

EIF and Catalan Finance Institute Partner to Fund Sustainability Projects for SMEs in Catalonia

(IN BRIEF) The European Investment Fund (EIF) and Catalan Finance Institute (ICF) have signed a €40 million guarantee agreement under the InvestEU programme to support sustainability projects by SMEs and mid-caps in Catalonia. The agreement will enable ICF to mobilize … Read the full press release

EU-Backed €16.5 Million Investment to Revitalize Public Transport in Ukraine’s Key Cities

(IN BRIEF) The European Investment Bank (EIB) has provided €16.5 million in EU-backed funding to modernize public transport systems in Kyiv, Mykolaiv, Ivano-Frankivsk, and Odesa. Part of the EIB’s Ukraine Solidarity Urgent Response package, this investment will supply new buses, … Read the full press release

EIB Provides €700 Million in Loans to Support EDP’s Renewable Energy and Power Grid Expansion Projects

(IN BRIEF) The European Investment Bank (EIB) has granted €700 million in loans to EDP SA to advance renewable energy and modernize power grids in southern Europe. A €500 million loan will help EDP Renewables deploy 1,943 MW of solar … Read the full press release

Swedish Cleantech Innovator Secures €22.5 Million EIB Funding to Combat PFAS Water Contamination

(IN BRIEF) Swedish cleantech company Chromafora has secured a €22.5 million loan from the European Investment Bank (EIB) to advance its SELPAXT technology, which removes harmful PFAS chemicals from water. Backed by InvestEU, the funding will support the deployment of … Read the full press release

Luxembourg Future Fund 2 Partners with Shift4Good to Drive Transport Decarbonization

(IN BRIEF) The Luxembourg Future Fund 2 (LFF2), a €200 million joint initiative by SNCI and the EIF, has invested in Shift4Good, a venture capital fund dedicated to decarbonizing the transport sector. Shift4Good, an Article 9 impact fund under the … Read the full press release

Fugro Secures €400 Million Financing Package with Improved Terms to Support Strategic Growth

(IN BRIEF) Fugro has secured a new €400 million financing package, consisting of a €100 million term loan and a €300 million revolving credit facility with improved terms and a five-year maturity, extendable by up to two years. This replaces … Read the full press release

Momentum’s Green Tech Fund Secures Backing from European Investment Fund

(IN BRIEF) The European Investment Fund (EIF) has committed NOK 295 million (€25 million) to Momentum III, a Norwegian fund targeting early-stage climate tech companies in the Nordics and EU-27. Backed by the European Commission’s InvestEU initiative, the fund will … Read the full press release

Schroders Wins Impact Investing Platform of the Year for Pioneering Multi-Asset Strategies and Rigorous Impact Management

(IN BRIEF) Schroders has been named Impact Investing Platform of the Year at the Environmental Finance Impact Awards, recognizing its outstanding impact management process and robust governance structure. As a leading active asset manager, Schroders has developed a comprehensive cross-asset … Read the full press release

European Investment Bank Provides €243 Million Green Loan to ERG Group for Renewable Energy Expansion in Europe

(IN BRIEF) The European Investment Bank (EIB) has provided a €243 million green loan to ERG Group to support renewable energy projects in Italy, France, and Germany as part of ERG’s 2024-2026 Business Plan. The financing will fund three greenfield … Read the full press release

Allianz Halts Income Insurance Acquisition Plan Amid Singapore’s Regulatory Concerns, Reaffirms Commitment to Asia-Pacific Growth

(IN BRIEF) Allianz has withdrawn its offer to acquire a majority stake in Income Insurance Limited following regulatory concerns raised by the Singapore Government and amendments to the Insurance Act. The offer, announced in July 2024, was intended to secure … Read the full press release

InvestEU-backed initiative offers businesses in Finland access to affordable financing for energy efficiency and clean technology

(IN BRIEF) Finnish companies will gain access to over €400 million in financing for green and digital transformations through a partnership between Nordea Bank and the European Investment Fund (EIF). Backed by the InvestEU programme, the agreement provides SMEs and … Read the full press release

EIB Supports Marcegaglia’s €170 Million Plan to Decarbonise and Innovate Steel Production

(IN BRIEF) The European Investment Bank (EIB) has provided €100 million in financing to Marcegaglia, a Mantua-based steel group, as part of a €170 million investment plan to decarbonize and modernize its operations. The funding will support projects at key … Read the full press release

NIB Partners with Ziklo Bank AB to Boost Financing for Swedish SMEs and SMCs

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a SEK 750 million (approximately EUR 65.2 million) loan agreement with Ziklo Bank AB to support small and medium-sized enterprises (SMEs) and small mid-caps (SMCs) in Sweden. The 7-year program will … Read the full press release

NIB Supports Hydropower Expansion in Norway with EUR 42.8 Million Loan to SKL

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 7-year EUR 42.8 million loan agreement with Sunnhordland Kraftlag AS (SKL) to finance the modernization of the Løkjelsvatnet hydropower plant in Etne, Norway. Completed in October, the upgrade doubled the … Read the full press release

Sweden Boosts NEFCO-Managed BSAP Fund with New Contribution to Protect the Baltic Sea

(IN BRIEF) Sweden has contributed SEK 9 million (approximately EUR 765,500) to the NEFCO-managed Baltic Sea Action Plan (BSAP) Fund, further supporting efforts to tackle environmental challenges in the Baltic Sea. Established by Sweden and Finland in 2010, the BSAP … Read the full press release

Eviden, Ordo, and ByzGen Launch Pilot Open Banking Platform to Transform Real-Time Payments with AI and Blockchain

(IN BRIEF) Eviden, part of the Atos Group, has partnered with fintech company Ordo and blockchain specialist ByzGen to pilot an innovative open banking platform. The solution enables real-time direct payments, offering a secure and cost-effective alternative to traditional payment … Read the full press release

Nadia Calviño Recognized as a Leading Force in Europe’s Future by POLITICO28

(IN BRIEF) Nadia Calviño, President of the European Investment Bank (EIB), has been named one of Europe’s top “doers” in POLITICO’s annual POLITICO28 ranking, which celebrates influential figures shaping the continent. Calviño was recognized for her leadership in addressing Europe’s … Read the full press release