Tag Archives: banking sector

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