EBRD and partners explore digitalisation in green trade finance

The European Bank for Reconstruction and Development (EBRD) is stepping up its support for the digital transition of trade finance by facilitating test transactions between QNB ALAHLI, Banca Comercială Română and UniCredit on the we.trade digital trade platform. The tests will take…

6 mins read

SME borrowing hit by new accounting rules

The FINANCIAL — Changes to global financial reporting regulations are affecting credit access for millions of companies around the world. New rules on bank accounting led to a 15-20% fall in banks’ SME lending between 2018 and 2020, according to new research by Aytekin…

5 mins read

Retail Banks Face the Urgent Need to Retool Offerings and Strategies

The FINANCIAL – As More Customers Go Digital amid the Pandemic, Banks Must Accelerate Digitization Efforts to Serve Customers Better and Realign Costs, Says a New Report by Boston Consulting Group. Although retail banks globally have reacted to the COVID-19 crisis with…

7 mins read

EBRD to co-finance investment projects with Turkey’s Garanti BBVA

The FINANCIAL -- The EBRD continues to expand access to finance for Turkish businesses amid the coronavirus pandemic with a new agreement with Garanti BBVA. The EBRD is providing a risk-sharing facility, which – together with Garanti BBVA – will facilitate lending to…

3 mins read

Isold Heemstra named as country manager for ING France

The FINANCIAL — Isold joined ING in 2002 and has vast international experience in management, sales and change projects. He is currently the country manager of Czech Republic, where he successfully transformed the organisation in preparation for the launch of new retail…

1 min read

Wells Fargo launches WellsOne – Virtual Card Payments Service

The FINANCIAL — Wells Fargo announced today a new solution to help business customers eliminate paper checks by using one-time virtual card numbers to digitally pay invoices through the WellsOne® Virtual Card Payments service. Available to WellsOne Commercial Card customers, this service offers…

3 mins read

Morgan Stanley launches Institute for Inclusion

The FINANCIAL — Morgan Stanley announced the official launch of the Institute for Inclusion (IFI). Funded by an initial commitment of $25 million from the Firm, the Institute for Inclusion will create an integrated and transparent diversity, equity, and inclusion strategy that will drive…

4 mins read

Deutsche Bank opens cash management business in Australia

The FINANCIAL — Deutsche Bank has added to its global network of Cash Management locations with the establishment of a new business in Australia. The bank now operates cash management services in 35 locations globally, 14 of which are in Asia Pacific.…

3 mins read

ING Bank announced an offer to purchase notes for cash

The FINANCIAL — ING Bank N.V. (the “Offeror”) has launched an invitation to the holders of its (i) 0.375% Fixed Rate Senior Notes due 26 November 2021 (the “November 2021 Notes”); (ii) 4.500% Fixed Rate Notes due 21 February 2022 (the “February…

15 mins read

EBRD provides €15 mln loan to ProCredit Bank Macedonia

The FINANCIAL — A loan of up to €15 million by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank Macedonia (PCBM) will help local micro, small and medium-sized enterprises (MSMEs) in North Macedonia to cope with the economic fallout of the coronavirus pandemic. The EBRD…

3 mins read

EBRD approved €15 million loan to Intesa Sanpaolo Banka d.d. BiH

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €15 million to Intesa Sanpaolo Banka d.d. BiH in support of local small businesses facing the economic impact of the coronavirus pandemic. The EBRD funds will…

2 mins read
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