Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

New €86M EIF and Malta Initiative to Boost SME Competitiveness and Unlock €60M in Investments

(IN BRIEF) The European Investment Fund (EIF) and the Government of Malta have launched a new €86 million initiative to support small and medium-sized enterprises (SMEs) in Malta. The first phase involves a €30 million guarantee through Bank of Valletta, … Read the full press release

EIB and KCB Partner to Boost Kenyan SMEs, Empower Women and Youth with €230M Investment

(IN BRIEF) The European Investment Bank (EIB Global) and KCB Bank Kenya have formed a €230 million (KShs. 32 billion) partnership to support small and medium enterprises (SMEs), with a focus on women and youth-led businesses in Kenya. The investment, … Read the full press release

EIB Backs Vay’s Expansion of Remote-Driven Car-Sharing in Europe with €34 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to Vay, a German teledriving technology company, to support its expansion in Europe. Vay’s innovative system allows vehicles to be remotely driven by trained drivers from a … Read the full press release

SDX and RULEMATCH Partner to Revolutionize Crypto Trading and Custody for Financial Institutions

(IN BRIEF) SDX and RULEMATCH have partnered to offer a comprehensive solution for financial institutions to trade, settle, and securely manage crypto assets. The partnership integrates SDX’s custody services with RULEMATCH’s trading and settlement platform, allowing institutions to trade without … Read the full press release

EIF and LfA Förderbank Bayern Partner to Unlock €400 Million in Financing for Bavarian SMEs’ Innovation and Sustainability

(IN BRIEF) The European Investment Fund (EIF) has partnered with LfA Förderbank Bayern to expand a guarantee programme aimed at supporting small and medium-sized enterprises (SMEs) in Bavaria. With a €13 million counter-guarantee from the EIF, the programme will enable … Read the full press release

International Partners Drive Ukraine’s Reconstruction and Resilience Through EC-EIB-UNDP Collaboration

(IN BRIEF) The “United in Ukraine’s Recovery” conference in Brussels brought together the European Commission, the European Investment Bank (EIB), the United Nations Development Programme (UNDP), and Ukrainian local authorities to discuss ongoing reconstruction efforts. The partnership has been instrumental … Read the full press release

EIB Greenlights €5.8 Billion to Drive Global Energy, Transport, and Innovation Advancements

(IN BRIEF) The European Investment Bank (EIB) Board has approved €5.8 billion in new financing to support various projects across Europe and beyond. This includes €2.2 billion for clean energy and water projects, €1.8 billion for urban development and education, … Read the full press release

EIB and Groupe BPCE Expand Partnership to Provide Over €1 Billion for French SMEs’ Innovation and Renewable Energy Projects

(IN BRIEF) The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has teamed up with Groupe BPCE to support small businesses and mid-caps in France. They signed two financing agreements exceeding €1 billion to … Read the full press release

Vienna-Prague Stock Exchange Group Launches World’s First DLT-Based Securities Settlement Platform

(IN BRIEF) The Central Securities Depository in Prague, part of the Vienna-Prague Stock Exchange Group, has become the first institution globally authorized under the EU’s DLT pilot regime to operate a distributed ledger technology (DLT) market infrastructure. Starting in November … Read the full press release

EIB Group and Stand Speak Rise Up! Unite to Address Sexual Violence in Conflict Zones

(IN BRIEF) The European Investment Bank (EIB) Group hosted a special event focused on addressing sexual violence in conflict zones, featuring Her Royal Highness the Grand Duchess Maria Teresa of Luxembourg and women’s rights activist Chékéba Hachemi. The event highlighted … Read the full press release

CNP Caution and Garantme Partner to Enhance Access to Housing with New Rental Insurance Solution

(IN BRIEF) CNP Caution, a subsidiary of CNP Assurances, has partnered with Garantme to simplify access to housing through a new rental insurance solution. The partnership combines Garantme’s tech expertise with CNP Caution’s insurance experience, offering a rental deposit product … Read the full press release

GEMs Consortium Reports Highlight Strong Credit Performance in Emerging Markets, Encourage Investment

(IN BRIEF) The GEMs Consortium, which includes 26 multilateral development banks and development finance institutions, has released two new reports offering in-depth insights into credit risks in emerging markets and developing economies (EMDEs). The reports reveal key data on default … Read the full press release

New Guarantee Agreement Empowers Danish SMEs to Pursue Green Investments

(IN BRIEF) The European Investment Fund (EIF) and Ringkjøbing Landbobank have entered a groundbreaking guarantee agreement to facilitate DKK 320 million in funding for green investments by Danish small and medium-sized enterprises (SMEs) and mid-caps. Supported by the European Commission’s … Read the full press release

Strengthening Collaboration: CEB and EIB Group Unite to Tackle Social Challenges in Europe

(IN BRIEF) On October 14, 2024, the Council of Europe Development Bank (CEB) and the EIB Group, which comprises the European Investment Bank (EIB) and the European Investment Fund (EIF), convened in Paris to enhance collaboration in tackling the growing … Read the full press release

EIB Global Invests €2 Million in Vaccine Development at Akagera Medicines in Rwanda

(IN BRIEF) The European Investment Bank (EIB Global) has committed €2 million to support Akagera Medicines Africa Limited in Rwanda, facilitating the early-stage development of vaccines for infectious diseases, including tuberculosis, HIV, Ebola, and Lassa fever. This funding aims to … Read the full press release

Standard Chartered Unveils Straight2Bank Autoquote for Enhanced Digital Trade Finance

(IN BRIEF) Standard Chartered has launched a new digital feature called Autoquote on its Straight2Bank Next Gen platform, enabling clients worldwide to request and accept pricing quotations for letters of credit (LCs) conveniently and at any time. This innovative request … Read the full press release

Aviva Expands Supported Internship Programme for Young Adults with Autism, Offering Work Opportunities in Norwich

(IN BRIEF) Aviva has opened applications for the second year of its Supported Internship Programme, offering young adults with autism valuable work experience at its Norwich offices. The programme, a collaboration between Aviva, DFN Project SEARCH, The Wherry School, Norfolk … Read the full press release

EIB and LUMICKS Partner to Accelerate Cancer Drug Discovery with €20 Million Investment in Advanced Immunotherapy Tools

(IN BRIEF) Amsterdam-based LUMICKS has secured €20 million in venture debt from the European Investment Bank (EIB) to advance its next-generation cell avidity platform, which aims to accelerate the development of immunotherapies for cancer treatment. Supported by the InvestEU initiative, … Read the full press release

EIB and Intesa Sanpaolo Unveil €8 Billion Wind Energy Investment Initiative to Boost European Renewable Energy Sector

(IN BRIEF) The EIB and Intesa Sanpaolo have partnered to drive up to €8 billion in investment for Europe’s wind energy sector, leveraging a €500 million EIB counter-guarantee to enable Intesa Sanpaolo to create €1 billion worth of bank guarantees. … Read the full press release

EIB Global and Enel Colombia Partner to Boost Renewable Energy and Grid Infrastructure with $300 Million Loan

(IN BRIEF) EIB Global, a division of the European Investment Bank, has provided Enel Colombia with a $300 million loan to support the development of renewable energy projects and upgrades to the company’s power distribution infrastructure. This loan, backed by … Read the full press release