Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

EBRD and Shinhan Bank Kazakhstan Finance Expansion of Atakent Business Hub in Almaty

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Shinhan Bank Kazakhstan (SBK) to support the expansion of Kazakhstan’s prominent conference hub, the Atakent Business Cooperation Centre in Almaty. Through a KZT 3 billion (US$ 6.6 million) … Read the full press release

EIB Global Supports Vlašić Wind Farm with €36 Million Loan as Part of Green Transition in Bosnia and Herzegovina

(IN BRIEF) The European Investment Bank (EIB) Global has pledged €36 million for the construction of the Vlašić wind farm in Bosnia and Herzegovina, supplementing the €21 million EU grant. Expected to generate 115 GWh/year of electricity and displace 140,000 … Read the full press release

Nordic Investment Bank Partners with Kemira Oyj to Boost Green Chemistry Innovation

(IN BRIEF) The Nordic Investment Bank (NIB) has inked a EUR 50 million loan agreement with Kemira Oyj, a Finnish chemicals company, to fund Kemira’s research and development endeavors from 2023 to 2026 in Espoo, Finland. The loan, spanning over … Read the full press release

Korea Development Bank Returns to Luxembourg Stock Exchange with $3 Billion Bond Offering

Akzo Nobel N.V. issues €750 million bond on Luxembourg Stock Exchange

(IN BRIEF) Korea Development Bank (KDB) made a significant return to the Luxembourg Stock Exchange (LuxSE) after 20 years with a dual-tranche bond offering totaling USD 3 billion. This move highlights the increasing collaboration between South Korean and European capital … Read the full press release

UBS Forges Strategic Alliance with University of St.Gallen, Elevating Innovation and Talent Development

(IN BRIEF) Continuing the trajectory initiated with Credit Suisse in 2021, UBS is set to become a strategic partner of the University of St.Gallen (HSG). Emphasizing Switzerland’s position as an international innovation hub, the collaboration aims to foster innovation, entrepreneurship, … Read the full press release

Innovation in Banking: Garanti BBVA Unveils Fingerprint-Enabled Payment Solution

(IN BRIEF) Garanti BBVA, a leading digital banking institution in Türkiye with 14 million customers, has unveiled the Bonus Platinum Biometric Card, revolutionizing secure payments. The card allows users to make purchases by scanning their fingerprint, enhancing security and convenience. … Read the full press release

Port of Salalah Welcomes Arrival of State-of-the-Art Ship-to-Shore Cranes as Part of USD 300 Million Upgrade Project

(IN BRIEF) The Port of Salalah has received the first four of ten new ZPMC ship-to-shore cranes as part of its USD 300 million upgrade and expansion project, set to increase annual capacity from 5 million to 6 million TEU … Read the full press release

€160 Million Investment to Safeguard Crete’s Agricultural Heartland from Climate Risks

(IN BRIEF) The European Investment Bank (EIB) and the Council of Europe Development Bank (CEB) are jointly injecting €160 million into a transformative project aimed at fortifying Crete’s agricultural resilience against climate risks. The initiative, centered around the Platys agricultural … Read the full press release

EIB Injects €143 Million to Bolster Greek Research & Innovation; 2023 Annual Results Showcase Record Investment in Greece

(IN BRIEF) The European Investment Bank (EIB) has pledged a substantial €143 million loan to boost the Hellenic Foundation for Research and Innovation (HFRI), fortifying research and development (R&D) initiatives across Greece’s public higher education institutions and research centers. This … Read the full press release

ING to Redeem $1.25 Billion Perpetual Additional Tier 1 Contingent Convertible Capital Securities

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced its decision to redeem US$ 1,250 million of 6.750% Perpetual Additional Tier 1 Contingent Convertible Capital Securities on April 16, 2024, aligning with the bank’s ongoing efforts to optimize its capital structure. The securities will … Read the full press release

NatWest Group Names Paul Thwaite as CEO, Aims for Future Growth

(IN BRIEF) NatWest Group plc has announced the appointment of Paul Thwaite as Group Chief Executive Officer and Executive Director, effective immediately. Thwaite, who initially took on the role on a 12-month basis in July 2023, has been recognized for … Read the full press release

EIB Group Expands Baltic Presence with New Offices in Riga and Tallinn

(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release

Moldova’s Diaspora Returns to Drive Reform: A Strategic Initiative for European Integration

(IN BRIEF) Moldova’s aspiration for EU membership is met with the recognition of significant challenges in key sectors like energy, trade, and banking. In response, the European Bank for Reconstruction and Development (EBRD) formulated the Reform Support Team (RST) program, … Read the full press release

UniCredit Sponsors Youth America’s Cup, Nurturing Next Generation of Sailors

(IN BRIEF) UniCredit has announced its support for the third edition of the Youth America’s Cup and will serve as the naming partner for the UniCredit Youth America’s Cup Regatta. Scheduled from September 17th to 26th in Barcelona, the event … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … Read the full press release

Italy’s Motorway Network Set for Green Transformation with EIB’s €1.2 Billion Investment

(IN BRIEF) The European Investment Bank (EIB) has allocated a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI) for the modernization of approximately 3,000 kilometers of motorways in Italy. This investment, supported by the EIB’s Climate Bank Roadmap and … Read the full press release

EBRD Invests €90 Million in Eko-Okna to Boost Polish Manufacturing Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering the growth of Poland’s manufacturing sector by providing a €90 million loan to Eko-Okna, a prominent producer of energy-efficient windows and doors in Poland. This investment will fund … Read the full press release

NWB Bank and EIB Sign €400 Million Agreement to Boost Dutch Water Infrastructure

(IN BRIEF) The Nederlandse Waterschapsbank (NWB Bank) and the European Investment Bank (EIB) have joined forces in a €400 million loan agreement aimed at enhancing flood protection and water quality in the Netherlands. Under this partnership, NWB Bank will lend … Read the full press release

ABN AMRO Bank Reports Strong Q4 Performance and Sets Ambitious Financial Targets for 2026

(IN BRIEF) ABN AMRO Bank concludes Q4 2023 with a net profit of EUR 545 million, showcasing continued high net interest income and impairment releases. The bank’s strategic focus on digital transformation and sustainable finance regulation contributed to these results. … Read the full press release

ABN AMRO Launches €500 Million Share Buyback Program to Enhance Capital Structure

(IN BRIEF) ABN AMRO announces the commencement of its third share buyback program, with plans to repurchase depositary receipts and ordinary shares of ABN AMRO Bank N.V. worth up to €500 million. The buyback, approved by the ECB, aims to … Read the full press release