Tag Archives: banking sector

Eurogroup President Kyriakos Pierrakakis to Join IMF and World Bank Annual Meetings in Bangkok

Eurogroup President Kyriakos Pierrakakis speaking at a microphone against a blue European Union backdrop

The Eurogroup President will take part in G7 finance discussions, IMF meetings and bilateral engagements focused on the global economic outlook and European reform priorities. IN BRIEFKEY TAKEAWAYSFAQs Eurogroup President Kyriakos Pierrakakis will attend the International Monetary Fund and World … Read the full press release →

NLB Confirms Addiko Bank Offer Will Not Proceed After 31.22% Share Acceptance

(IN BRIEF) NLB has announced that its voluntary public takeover offer for Addiko Bank AG did not receive enough shareholder acceptances to proceed. The all-cash offer was launched on 13 May 2026 and required acceptance declarations representing at least 50% … Read the full press release →

NLB’s Addiko Bank Bid Strengthened by Backing From Institutional Investors and Supervisory Board Member

(IN BRIEF) NLB said its voluntary public takeover offer for Addiko Bank AG is gaining further support from major investors and stakeholders. Brandes Investment Partners, which holds a 5.07% stake in Addiko, has announced its intention to tender its shares, … Read the full press release →

AFME Welcomes FPC Review of UK Bank Capital Requirements and Leverage Ratio Reform

(IN BRIEF) AFME has welcomed the Financial Policy Committee’s review of UK bank capital requirements and its plans to consult on reforms to the leverage ratio and capital-buffer framework. The association supports removing the Countercyclical Leverage Buffer and is calling … Read the full press release →

Deutsche Bank and Unions Agree New 28-Month Collective Bargaining Deal for Postbank Employees

(IN BRIEF) Deutsche Bank and the trade unions ver.di, DBV, komba and DPVKOM have agreed a new 28-month collective bargaining package for Postbank employees, combining staged pay increases with extended employment and location protections. The agreement runs from 1 April … Read the full press release →

Standard Chartered aims for approximately 18 per cent RoTE through expanded wealth management and digital investment

(IN BRIEF) Standard Chartered has announced a new long-term growth strategy targeting approximately 18 per cent return on tangible equity by 2030 as the bank focuses on expanding its cross-border banking, wealth management and corporate finance operations. The plan includes … Read the full press release →

Global Finance recognises Garanti BBVA for debt capital markets and infrastructure finance leadership

(IN BRIEF) Garanti BBVA has received three awards at the Global Finance World’s Best Investment Banks 2026 Awards, winning recognition as Best Debt Capital Markets Bank, Best Infrastructure Finance Bank and Best Investment Bank in Türkiye. The awards reflect the … Read the full press release →

KfW Group Appoints Dr Karsten Hardraht to Lead Compliance and Regulatory Oversight Functions

(IN BRIEF) KfW Group has appointed Dr Karsten Hardraht as its new Head of Compliance effective 11 May 2026, following the resignation of Dr Stephan Lauer for personal reasons. Hardraht, who currently serves as Chief Legal Counsel at KfW, will … Read the full press release →

UniCredit Accelerates Russia Exit Strategy Through Planned Partial Sale of AO Bank Operations

(IN BRIEF) UniCredit has signed a non-binding agreement to divest part of its Russian subsidiary operations through a transaction involving a UAE-based private investor. The proposed deal would split AO Bank into two entities, with UniCredit retaining ownership of a … Read the full press release →

Banco Sabadell exits UK retail banking with TSB sale to Santander and shifts focus to core Spanish market growth

(IN BRIEF) Banco Sabadell has completed the sale of its UK subsidiary TSB to Banco Santander for approximately €3.3 billion, generating a capital gain of just over €300 million and strengthening its capital position by more than 400 basis points. … Read the full press release →

BBVA accelerates social sustainable finance with €30 billion mobilized in 2025 to support inclusion and economic development

(IN BRIEF) BBVA increased its social sustainable financing to €30 billion in 2025, representing a 52% year-on-year rise and forming part of a total €134 billion mobilized in sustainable business. The funds supported a wide range of initiatives, including entrepreneurship, … Read the full press release →

ABN AMRO Initiates Capital Reduction Programme Through Share Buyback Running Until October 2026

(IN BRIEF) ABN AMRO has launched a EUR 250 million share buyback programme starting 27 March 2026 and running until October 2026, aimed at reducing its share capital while maintaining strong capital levels, with the programme already factored into its … Read the full press release →

Crédit Agricole Appoints Quentin Guerineau as Chief Sustainability and Impact Officer to Strengthen Transition Strategy

(IN BRIEF) Crédit Agricole S.A. has appointed Quentin Guerineau as Chief Sustainability and Impact Officer effective March 2, 2026. Reporting to Deputy General Manager Grégory Erphelin, he will join the Management Committee and oversee the Group’s sustainability and impact initiatives … Read the full press release →

HSBC Reports Strong 2025 Results and Raises Medium-Term Profitability Targets Through 2028

(IN BRIEF) HSBC reported strong underlying financial performance in 2025 with revenue rising to $68.3 billion and profit before tax reaching $29.9 billion despite significant one-off charges. Excluding notable items, profit before tax increased to $36.6 billion and return on … Read the full press release →

EBRD sells 1 million GDRs in NLB while maintaining long-term commitment to Slovenia’s leading bank

(IN BRIEF) The EBRD has reduced its shareholding in Nova Ljubljanska banka by 1 per cent through the sale of 1 million GDRs on the London Stock Exchange, retaining a 5.125 per cent stake and remaining one of the bank’s … Read the full press release →

BBVA enters global top ten in Time’s World’s Best Companies 2025 ranking, named Spain’s leading bank

(IN BRIEF) BBVA has entered the global top ten of Time magazine’s World’s Best Companies 2025 ranking, placing eighth overall and climbing 37 spots from last year. It was also recognized as Spain’s leading bank and the second-best financial institution … Read the full press release →

EBRD exits Bank of Cyprus with sale of remaining 5 per cent stake after decade of support

(IN BRIEF) The European Bank for Reconstruction and Development has sold its entire 5 per cent holding in the Bank of Cyprus, amounting to over 22.4 million shares, through an accelerated bookbuild on the Athens Stock Exchange. The EBRD first … Read the full press release →

Garanti BBVA Sets Ambitious Goals for 2025 While Navigating Economic Uncertainty

(IN BRIEF) Garanti BBVA’s CEO, Mahmut Akten, shared the bank’s strategic priorities and 2025 goals during a meeting with Turkish media, discussing the global and local economic landscape. Despite global uncertainties, Akten expressed confidence in Türkiye’s economic program and the … Read the full press release →

Nearly 100 Armenian Businesses to Benefit from EIB and Evocabank Partnership, Sustaining Around 1,200 Jobs

(IN BRIEF) The European Investment Bank’s (EIB) global arm, EIB Global, has partnered with Evocabank to improve financial access for micro-, small-, and medium-sized enterprises (MSMEs) in Armenia. EIB Global is providing a €12 million loan to Evocabank, which will … Read the full press release →