Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

The European Commission opens infringement proceedings against Bulgaria for its failure to correctly transpose the Deposit Guarantee Scheme Directive

BRUSSELS, 26-9-2014 — /EuropaWire/ — The European Commission is opening infringement proceedings against the Republic of Bulgaria for its failure to correctly transpose Articles 1(3) and 10(1) of Directive 94/19/EC (the Deposit Guarantee Scheme Directive) as well as its failure … Read the full press release

Professor Nicholas Bloom from Stanford University and Professor John Van Reenen from the London School of Economics and Political Science awarded the EIB Prize for excellence in economic research

EIB President Hoyer: EU must tackle the gap in competitiveness – Investment in innovation is key BERLIN, 26-9-2014 — /EuropaWire/ — Two internationally renowned European scholars in the field of managerial and technological innovation were awarded the EIB Prize for … Read the full press release

The Future Fund received £1 million donation from the Barbour Foundation to build children’s cancer research facility at Newcastle University

Newcastle, UK, 23-9-2014 — /EuropaWire/ — The Future Fund campaign has taken a significant step closer to its goal of establishing a specialist children’s cancer research facility at Newcastle University after receiving a £1 million donation from the Barbour Foundation. Dame … Read the full press release

Standard Chartered to launch China SME Confidence Index aimed at understanding the activity and sentiment among small and mid-sized Chinese companies

LONDON, 22-9-2014 — /EuropaWire/ — Standard Chartered today launched its China SME Confidence Index (SMEI). Initially launched in October 2011 as the first confidence index targeting SMEs developed by an international bank in China, SMEI has been substantially revamped in … Read the full press release

The BFA-Bankia Group signs agreement for the sale of two loan portfolios for 895 million euros

The sale reduces the Group’s non-performing loans by 482.2 million euros The impact on the Group’s liquidity and capital is positive, on account of the high level of provisions already taken against the loans MADRID, 19-9-2014 — /EuropaWire/ — The … Read the full press release

Fiat S.p.A. announces that it intends to proceed with note issuance denominated in Swiss Francs

TURIN, 17-9-2014 — /EuropaWire/ — Fiat S.p.A. announces that it intends to proceed, subject to market conditions, with a note issuance denominated in Swiss Francs. The notes are to be issued in benchmark size for the Swiss market by Fiat … Read the full press release

Ghent University and Vrije Universiteit Brussel joint spin-off Luceda Photonics receives funding to start commercialization of its photonics design software

Ghent, Belgium, 16-9-2014 — /EuropaWire/ — Imec’s investment arm Fidimec and the Flemish spin-off investment fund SOFI I are investing EUR 340k in Luceda Photonics, a joint spin-off from Ghent University, the Vrije Universiteit Brussel (VUB) and imec. Luceda Photonics … Read the full press release

BKW Group reports strong result in the first half of 2014

BERN, 15-9-2014 — /EuropaWire/ — BKW Group achieved a strong result in the first half of 2014, recording an increase in total operating revenue. Operating profit before depreciation, amortisation and impairment decreased to CHF 224 million and net profit to CHF … Read the full press release

Experian research: UK drivers aged between 18 to 24 least likely to use internet as first source of information before buying a car

Three out of four car purchases are made through manufacturer/independent dealerships Nottingham, UK, 15-9-2014 — /EuropaWire/ — Drivers aged between 18 to 24 are the least likely to use the internet as the first source of information before buying a car, … Read the full press release

Gemalto introduces Allynis Trusted Services Hub to enable digital service providers to benefit from single connection to securely deploy their mobile payment services

Amsterdam, 12-9-2014 — /EuropaWire/ — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today introduces its Allynis Trusted Services Hub, a turnkey business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to … Read the full press release

Banca Monte dei Paschi announces Deputy Chairman Marco Turchi and director Paola Demartini expressed willingness to resign

SIENA, 12-9-2014 — /EuropaWire/ — Banca Monte dei Paschi announces that in the course of today’s Board of Directors meeting, the Deputy Chairman Marco Turchi and director Paola Demartini expressed their willingness to resign so that the agreement entered into … Read the full press release

Lagardère successfully launches €500m 5-year bond issue with an annual coupon of 2%

PARIS, 12-9-2014 — /EuropaWire/ — Lagardère successfully launched today a €500m, 5-year (due in September 2019) bond issue, with an annual coupon of 2%. The order book reached an amount of €1.5bn, 3 times oversubscribed. The success of the launch … Read the full press release

Telenor Group opens its first wholly-owned financial institution Telenor banka in Serbia

Fornebu, Norway, 10-9-2014 — /EuropaWire/ — Today’s opening of Telenor Group’s first wholly-owned financial institution Telenor banka in Serbia provides customers with innovative mobile banking services and represents a milestone in the company’s development of online financial services and mobile banking in … Read the full press release

Bpifrance and Euler Hermes to offer French companies new short-term financing solution known as AVANCE+EXPORT to help companies further diversify internationally

PARIS, 10-9-2014 — /EuropaWire/ — Bpifrance and Euler Hermes, the global leader in credit insurance, signed a partnership agreement to offer French companies a new short-term financing solution known as AVANCE+EXPORT, which involves the assignment of export receivables and helps … Read the full press release

Finnvera issued USD 500 million five year fixed rate bond on 9th September 2014

Helsinki, 10-9-2014 — /EuropaWire/ — Finnvera issued on 9th September 2014 a USD 500 million five year fixed rate bond. The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. Finnvera’s EMTN programme and notes issued under it are … Read the full press release

KfW and BMUB’s “Age-appropriate Conversion” programme turns five

Promotional funds have helped convert 134,000 residential units to meet senior citizens’ needs since the programme’s launch Commitments more than doubled in 2013 Need for barrier-free homes remains high Frankfurt, Germany, 9-9-2014 — /EuropaWire/ — For the last five years, KfW … Read the full press release

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH to provide EUR 17m long-term loan to Promotora de Viviendas Integrales, S.A. de C.V. for green housing construction in Mexico

Loan of EUR 17m in local currency to medium-sized property developer Affordable low- and middle-income housing Cologne, Germany, 9-9-2014 — /EuropaWire/ — In the rapidly growing cities in developing and emerging-market countries housing is scarce and construction activities are often … Read the full press release

Genworth: Tougher regulation and higher capital requirements for lenders accelerated the fall in homeownership

Unprecedented collapse in the number of people able to buy their first home as tougher regulation and greater capital requirements since 2007 take their toll Even with Help to Buy, first time buyer numbers in 2014 will fall 41% short … Read the full press release

Vnesheconombank and the Development Bank of Mongolia to fund supplies of Russian products and services to Mongolia

Moscow, Russia, 5-9-2014 — /EuropaWire/ — In the course of Russian President Vladimir Putin’s formal visit to Mongolia, Vnesheconombank and the Development Bank of Mongolia signed an Agreement of Intent. On behalf of Vnesheconombank, the Agreement was signed by Deputy … Read the full press release

Oberthur Technologies completes the acquisition of NagraID Security

PARIS, 4-9-2014 — /EuropaWire/ — Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, today announced that it has completed its acquisition of NagraID Security. Founded in 2008 by Philippe Guillaud and Cyril Lalo and located … Read the full press release