Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Prime Capital grows sustainable infrastructure debt fund to €130m with EIF’s €30m commitment under InvestEU

(IN BRIEF) Prime Capital AG has expanded its Prime Sustainable Infrastructure Debt Fund (PSIDEF) to €130 million after securing a new €30 million commitment from the European Investment Fund under the InvestEU programme. The Article 9 fund focuses on financing … Read the full press release

Benchmark Capital partners with Insignis to expand adviser access to cash management solutions and improve client outcomes

(IN BRIEF) Benchmark Capital, part of the Schroders Group, has formed a partnership with Insignis to provide advisers with enhanced cash management solutions for their clients. Through Insignis’ platform, advisers can access savings products from more than fifty banks and … Read the full press release

Standard Chartered expands VCC offerings with new multi-sector credit fund launched in partnership with PIMCO

(IN BRIEF) Standard Chartered has launched Signature Select Global Income Plus, a new multi-sector credit fund under its VCC structure in collaboration with PIMCO as sub-investment manager. The fund spans high-yield bonds, emerging market debt, and bank loans, aiming to … Read the full press release

Deutsche Bank Funds Restoration of Sri Lanka’s Budunwela Forest Corridor to Protect Wildlife and Support Communities

(IN BRIEF) Deutsche Bank is partnering with the Wildlife and Nature Protection Society’s PLANT initiative to restore the 24-acre Budunwela forest corridor in Sri Lanka, a vital route for elephants and other wildlife. Running from September 2024 to August 2025, … Read the full press release

Deutsche Bank Singapore Recognised in SG Enable’s National Guide for Disability-Inclusive Employment

(IN BRIEF) Deutsche Bank Singapore has been featured in SG Enable’s Inclusive Hiring, Stronger Businesses guide as a model for disability-inclusive employment. The national playbook highlights the bank’s Neurodiversity@Work programme, which creates roles for neurodivergent individuals by aligning their strengths … Read the full press release

Deutsche Bank China Becomes First EU Bank to Fully Implement SAFE’s “1+6” Cross-Border Foreign Currency Framework

(IN BRIEF) Deutsche Bank China has fully implemented SAFE’s “1+6” foreign currency cross-border liberalisation framework at its branches in Shanghai, Beijing, and Guangzhou, becoming the first EU bank to do so. The new system unifies and streamlines regulations, allowing eligible … Read the full press release

Sasha Wiggins to Lead UK Retail Investment Drive as Barclays Research Highlights £430 Billion in Untapped Savings

(IN BRIEF) Barclays’ Chief Executive of Private Bank and Wealth Management, Sasha Wiggins, has been named Chair of the UK’s new multi-year retail investment campaign, launched under the Leeds Reforms to boost retail investing and make the UK a top … Read the full press release

Danske Bank Completes Implementation of New Fossil Fuels Investment Strategy Focused on Net-Zero Transition Leaders

(IN BRIEF) Danske Bank has finalised the rollout of its 2024-announced fossil fuels investment methodology across Danske Invest and Danica products, narrowing its fossil fuel investment universe from about 2,000 to 270 companies. The strategy prioritises firms with credible, data-backed … Read the full press release

DNB Appoints Rasmus Figenschou as New CFO, Names Marianne Wik Sætre to Lead Corporate Banking Norway

(IN BRIEF) DNB has named Rasmus Figenschou as its next CFO, effective 24 October, succeeding Ida Lerner, who is leaving for a role outside the Nordic region. Figenschou will be replaced as Group Executive Vice President of Corporate Banking Norway … Read the full press release

KfW-backed Yellow Line in Bangalore Metro Phase 2 Opens to Boost Sustainable Urban Transport

(IN BRIEF) The first section of Phase 2 of Bangalore’s metro expansion, the 19-kilometre Yellow Line with 16 stations, has officially opened, marking a major advancement in the city’s sustainable transport development. Backed by a EUR 340 million loan from … Read the full press release

Slovenská sporiteľňa Names Michaela Bauer as New CEO to Succeed Peter Krutil in 2026

(IN BRIEF) Slovenská sporiteľňa has appointed Michaela Bauer as its next CEO, effective 1 March 2026, pending regulatory approval. Bauer brings over two decades of leadership experience from ČSOB and KBC Group, with expertise in banking operations, innovation, and digital … Read the full press release

EBRD Supports Growth of Azerbaijan’s Saloğlu with US$ 7 Million Local Currency Loan for Facility and Retail Upgrades

(IN BRIEF) The EBRD is lending the equivalent of US$ 7 million in local currency to Azerbaijani furniture maker Saloğlu to finance new equipment for its Agstafa plant and upgrades to its retail network. Established in 2000, Saloğlu produces a … Read the full press release

BBVA Leads Banking Sector in Early Integration of OpenAI’s GPT-5 to Transform Operations

(IN BRIEF) BBVA has become one of the first banks in the world to adopt OpenAI’s GPT-5, a next-generation language model offering major advances in reasoning, contextual understanding, and technical problem-solving. Highlighted by OpenAI during the model’s global launch, BBVA … Read the full press release

Deutsche Bank Appoints Michael Diederich to Strengthen Corporate Bank Leadership in Germany and Globally

(IN BRIEF) Deutsche Bank has named Michael Diederich as Global Co-Head of its Corporate Bank, starting October, to work alongside David Lynne. With over 20 years of experience in corporate and investment banking, including senior leadership roles at UniCredit and … Read the full press release

BBVA surpasses 1,000 data scientists and launches dual career paths to foster AI expertise and leadership

(IN BRIEF) BBVA now employs over 1,000 data scientists and has introduced a career model that enables them to grow professionally while continuing to focus on technical specialization. This new framework offers equal advancement opportunities through management roles or the … Read the full press release

UBS exits Net-Zero Banking Alliance while advancing in-house sustainability and climate strategies

(IN BRIEF) UBS has withdrawn from the Net-Zero Banking Alliance after an annual review of its sustainability-related memberships, citing strengthened internal capabilities and the maturity of decarbonization frameworks as reasons for its decision. The bank, a founding member of the … Read the full press release

UBS to renovate San Juan office with sustainability-focused design in celebration of 60 years in Puerto Rico

(IN BRIEF) UBS will complete a major renovation of its San Juan office by early 2026, creating a modern, sustainable space for clients and employees. The redesign will incorporate eco-friendly materials, high-performance textiles, and resilient surfaces to support adaptability and … Read the full press release

UK P&I Club Opens Newcastle Office to Tap Northeast Maritime Talent

(IN BRIEF) The UK P&I Club has opened a new office in Newcastle to leverage the area’s rich pool of maritime and insurance talent. The initial team includes Senior Underwriting Director Emma Liddell and Senior Claims Executives Julie Pichler and … Read the full press release

EIB Global Powers €21.5 Million Equity in IHS Kenya Green Housing Fund to Deliver Hundreds of Affordable, Energy-Efficient Homes

(IN BRIEF) EIB Global has invested €21.5 million in the IHS Kenya Green Housing Fund to support the construction and acquisition of affordable, energy-efficient housing in Nairobi and Kiambu. Three projects—Tilisi, Garden City’s Muzi Stawi, and Mashiara Park—comprise 664 units, … Read the full press release

FMO Secures Landmark €130 Million Loan to Propel QNB Leasing’s Green and Inclusive SME Financing in Türkiye

(IN BRIEF) FMO has arranged and led a €130 million syndicated A/B term loan to QNB Leasing—one of the largest syndications for a Turkish non-bank financial institution—bringing in CDP as a parallel lender and several B-loan investors (ResponsAbility, Global Climate … Read the full press release