Browse Category

BANKS

EBRD supports more than €53 million of food security loans in Ukraine

4 mins read

The EBRD is boosting food security in wartime Ukraine by issuing risk-sharing instruments to selected local banks and a leasing company that will back more than half the credit risk of newly originated financing provided by them up to a total value of €53.25 million. The share of risk the EBRD takes on with ProCredit…

/

No Russian gas exports to the EU could slow growth in the EBRD regions by 2.3 per cent

3 mins read

As policymakers and industry leaders brace for a reduction in Russian oil and gas supplies to the European Union and some other countries, in its latest Regional Economic Prospects report, the European Bank for Reconstruction and Development (EBRD) explores the potential impact of such a move for its regions. If the westward flow of Russian pipeline gas…

Banks Haven’t Seen Rise in Cyberattacks From Russia—Yet

2 mins read

Financial institutions haven’t observed a marked increase in cyberattacks from Russian sources since the start of the conflict in Ukraine, the head of the industry’s intelligence-sharing group told a Congressional hearing Tuesday. “Outside of the conflict zone, we are not seeing any significant uptick in attacks attributable to any specific geography or threat actor,” said…

Crime Police
//

Russian Oligarch Charged with Violating U.S. Sanctions

11 mins read

A Russian national is charged with violating U.S. sanctions arising from the 2014 Russian undermining of democratic processes and institutions in Ukraine. According to the indictment, which was unsealed today in the Southern District of New York, Konstantin Malofeyev, 47, of Russia, is charged with conspiracy to violate U.S. sanctions and violations of U.S. sanctions…

VTB bank sanctions

Sanctioned Russian bank VTB pays FX bond coupons in roubles

2 mins read

The FINANCIAL — Sanctioned Russian lender VTB VTBR.MM made coupon payouts in roubles to holders of its subordinated bonds denominated in U.S. dollars and euros, the National Settlement Depository said on Tuesday. Russia’s ability to continue servicing debt in foreign currencies is in focus as the government, which has so far averted a default, now…

/

UNWTO Invites Applications for Best Tourism Villages 2022

5 mins read

The Best Tourism Villages by UNWTO initiative will return for a second year as it establishes itself as the world’s leading network focused on tourism for rural development. Launched in 2021, Best Tourism Villages by UNWTO promotes and enhances the role of tourism in safeguarding rural villages, along with their landscapes, natural and cultural diversity,…

Bank of Georgia Ad
//

Bank of Georgia’s Customer Satisfaction Soars for Millions of Users

6 mins read

While pursuing to reinvent customer experience, Bank of Georgia has been working with Medallia, a pioneer customer feedback management software platform that empowers employee to improve the customer experience. Throughout this partnership, they have been focusing on improving customer satisfaction for 2.5 million customers, across all channels and segments.…

/

Bank of America’s CashPro App Wins Multiple Industry Awards

3 mins read

The FINANCIAL — App Activity Soars As Businesses Appreciate The Convenience Of Mobile Banking. Bank of America’s CashPro App has been recognized by Celent, the global research and advisory firm for the financial services industry, as a winner of a Model Bank award for Corporate Digital Banking. According to Bank of America, earlier this year, the…

/

Celent Names Bank of America a Leader in Wealth Management Innovation

3 mins read

The FINANCIAL — Bank of America announced that it has been recognized by Celent, a global research and advisory firm for the financial services industry, with the 2022 Model Wealth Manager award for Client Experience.…

/

Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year

7 mins read

The FINANCIAL — Bank of America announced their approximately 67 million clients made $294 billion in total payments during February, a 16% increase over February 2021. This follows a 5% increase in total payments in February 2021 when compared to pre-pandemic levels in February 2020. This marks a continuation of the strong consumer payments and…

biznews.com
//

Record 81% of Bank of America Mortgage Applications Initiated Through Digital Mortgage Experience

5 mins read

The FINANCIAL — Company Recognized in 2022 for Best Overall Mortgage Experience and as the Best Mortgage Lender for First-time Homebuyers. Rapid growth in consumer digital engagement contributed to substantial momentum in Bank of America’s home lending business over the last year. Home loan applications initiated through Bank of America’s Digital Mortgage Experience accounted for 81%…

Fitch Affirms Georgia at ‘BB’; Outlook Stable

15 mins read

Fitch Ratings– Fitch Ratings has affirmed Georgia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’ with a Stable Outlook. KEY RATING DRIVERS A credible and effective policy framework and stronger governance indicators relative to ‘BB’ peers underpins Georgia’s rating. Long-standing support from official creditors have helped reduced risks to macro stability and supported financing needs.…

Bitcoin
/

Used To Free Electricity, Kosovo’s Bitcoin Miners Are Now Facing Difficult Times After Ban

9 mins read

RFE/RL — Dragan says he makes up to 2,000 euros ($2,270) a month mining cryptocurrency in a mostly Serb enclave in the north of Kosovo, about five times the average monthly income in one of Europe’s poorest countries. Making it all the sweeter is the fact Dragan pays nothing for electricity, used in abundance in…

/

U.S. retail sales saw strong growth in December, capping a robust holiday shopping season

2 mins read

Retail sales in December closed out the year on a high note, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. This follows a robust holiday season, where retail sales grew 8.5% excluding auto.  As we kick-off 2022, there are a number of trends to watch that build on…

Bank of Georgia Creates a New Platform for Design System

4 mins read

Bank of Georgia continues to introduce cutting-edge digital innovations, this time creating a new design system platform for people following the digital industry. The new platform combines information about various components and simplifies the process of creating digital products by making the work much more flexible. While sharing the vast experience from creating its Design…

1 2 3 240