Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Vnesheconombank and Roseltorg launch joint blockchain-based project for electronic transactions

MOSCOW, 26-Oct-2017 — /EuropaWire/ — Vnesheconombank Chairman Sergey Gorkov and Roseltorg chief executive Anton Emelyanov signed a cooperation agreement regarding a joint blockchain-based project. The project is to bring about a transparent environment for electronic transactions between businesses and government customers. … Read the full press release

National Grid to provide grants to schools in Kent to promote STEM subjects

National Grid launches new funding scheme in Kent to promote STEM subjects and engineering as career with young pupils. Grant of up to £1,000 are available for new science, engineering and technology equipment. Primary and secondary schools in the Richborough … Read the full press release

Naftogaz contracts PwC Polska to facilitate the unbundling of the TSO operator from Naftogaz

KYIV, 25-Oct-2017 — /EuropaWire/ — The unbundling of the gas transmission function from Naftogaz and creating a transmission system operator (TSO) certifiable under European regulations is not only about Ukraine’s compliance with the European law; it also important for preserving gas … Read the full press release

PwC’s Strategy&: Annual worldwide corporate R&D spending broke through $700bn

Annual worldwide R&D spending breaks through $700bn for the top 1000 corporate R&D spenders for first time 25% of executives surveyed reported having already experienced some pressure to change how or where they conduct innovation Amazon is the world’s largest … Read the full press release

PwC survey few banks seem to be ready for the revised EU Payments Services Directive (PSD2)

LONDON, 24-Oct-2017 — /EuropaWire/ — Although the revised EU Payments Services Directive (PSD2) already goes into effect in January 2018, a new PwC survey shows few banks seem to be ready for it. At the start of the summer, 38% … Read the full press release

CaixaBank brings Apple Pay to its customers and imaginBank customers

BARCELONA, 23-Oct-2017 — /EuropaWire/ — CaixaBank, the Spanish banking industry leader in terms of electronic payment methods with more than 15 million cards in circulation, today brings its customers and imaginBank customers Apple Pay, which is transforming mobile payments with an … Read the full press release

NIB, Sparebank 1 SR-Bank to finance investments and environmental projects of SMEs in Norway

HELSINKI, 23-Oct-2017 — /EuropaWire/ — NIB and Norway’s Sparebank 1 SR-Bank ASA have signed a six-year loan programme totaling EUR 120 million to finance investments and environmental projects for the country’s small and medium-sized enterprises (SMEs) and small mid-caps. The projects to be funded … Read the full press release

Rabobank: the Digital Trade Chain platform rebranded to we.trade

Utrecht, Netherlands, 20-Oct-2017 — /EuropaWire/ — Since January 2017, Rabobank , six other banks (Deutsche Bank, HSBC, KBC, Natixis, Societé Generale and UniCredit) and IBM are developing the Digital Trade Chain platform. This ground-breaking shared platform aims at making domestic and … Read the full press release

Volkswagen Financial Services placed EUR 1.6 billion to securitise diversified pool of receivables from 125,000 leasing contracts

Volkswagen Financial Services successfully place around EUR 1.6 billion with investors Braunschweig, Germany, 19-Oct-2017 — /EuropaWire/ — Volkswagen Financial Services have successfully placed the Auto Asset-Backed Securities (ABS) transaction VCL 25 on the market. The transaction to securitise leasing contracts of … Read the full press release

Fourteen public libraries across England, Scotland and Wales awarded £200,000

LONDON, 16-Oct-2017 — /EuropaWire/ — Fourteen public libraries across England, Scotland and Wales have been awarded £200,000 to help their communities explore health and wellbeing. Greer Roberts, from Wellcome’s Public Engagement team, explains why we’re co-funding the projects. What is Engaging … Read the full press release

EBRD to help Croatia update and strengthen its corporate governance code

EBRD supports efforts to develop and implement new code LONDON, 11-Oct-2017 — /EuropaWire/ — The EBRD is lending its support to efforts by the Croatian Financial Services Supervisory Agency (HANFA) and the Zagreb Stock Exchange (ZSE) to update and strengthen the … Read the full press release

EBRD President Sir Suma Chakrabarti to outline bank’s climate finance goals at the World Bank and International Monetary Fund meetings

Climate funding takes 45 per cent share of total investment so far in 2017 LONDON, 11-Oct-2017 — /EuropaWire/ — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, will outline the Bank’s rapid progress towards meeting ambitious … Read the full press release

KfW Research / University of Siegen: total of 10,200 bank branches across Germany closed since 2000

A quarter of branch offices have been closed since 2000 The main driver is the digital transformation with innovative technologies, new competitors and changing customer behaviour German branch density is average when compared with other European countries Frankfurt am Main, … Read the full press release

Deutsche Bank early adopter of UN Standards of Conduct for Business to tackle discrimination against lesbian, gay, bi, trans and intersex (LGBTI) people

Frankfurt am Main,  04-Oct-2017 — /EuropaWire/ — Deutsche Bank has become one of the first companies to adopt the United Nations Standards of Conduct for Business to tackle discrimination against lesbian, gay, bi, trans and intersex (LGBTI) people. The United … Read the full press release

The Green Climate Fund (GCF) to allocate up to US$ 110 million to the EBRD’s Kazakhstan Renewables Framework

Fund to provide up to US$ 110 million for investments in green energy LONDON, 04-Oct-2017 — /EuropaWire/ — The Green Climate Fund (GCF) has approved an allocation of up to US$ 110 million to the EBRD’s Kazakhstan Renewables Framework, an innovative plan to finance … Read the full press release

EBRD President Sir Suma Chakrabarti met with Finland’s Minister of Finance Petteri Orpo

President Chakrabarti visits Helsinki for talks with government and businesses LONDON, 04-Oct-2017 — /EuropaWire/ — EBRD President Sir Suma Chakrabarti has used a visit to Helsinki to express the Bank’s gratitude for the support it enjoys from Finland and to appeal to the … Read the full press release

Jaap Sprey appointed new head of the EBRD Resident Office in Montenegro

Focusing on making economy more competitive, integrated and green LONDON, 04-Oct-2017 — /EuropaWire/ — Jaap Sprey, @SpreyJaap, the new head of the EBRD Resident Office in Montenegro, is taking up his new post in Podgorica today. Mr Sprey previously held the position of … Read the full press release

European Bank for Reconstruction and Development (EBRD) opens office in Alexandria, Egypt

Alexandria team will have major focus on development of small enterprises LONDON, 03-Oct-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has stepped up its support for the economic development of Egypt, with the opening of an office in … Read the full press release

Emilio Franco will join Mediobanca Group as the Chief Executive Officer of Mediobanca SGR

Emilio Franco will be CEO of Mediobanca SGR, the Group’s new asset management arm MILAN, 02-Oct-2017 — /EuropaWire/ — Mediobanca has strengthened its wealth management division with the addition of Emilio Franco, who will join the Group as Chief Executive Officer of Mediobanca … Read the full press release

Banca Generali and Saxo Bank partner to offer online trading and digital services

COPENHAGEN, 29-Sep-2017 — /EuropaWire/ — Banca Generali and Saxo Bank announce they have reached an agreement to establish an exclusive partnership to offer online trading and digital services. The objective is to offer clients, on an exclusive basis for the Italian … Read the full press release