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european central bank

ECB extends pandemic emergency longer-term refinancing operations

1 min read

The FINANCIAL -- European Central Bank to offer four additional pandemic emergency longer-term refinancing operations in 2021 allotted on a quarterly basis, each with a tenor of one year.…

Gradual change seen in euro area payment behaviour

1 min read

The FINANCIAL --  Cash most popular instrument for in-person retail payments, but use gradually declining, Card payments becoming increasingly contactless, Survey suggests coronavirus pandemic has accelerated use of cashless payment methods. Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash remained the most used instrument at the end of 2019, data published today…

ING to appoint Ljiljana Čortan as chief risk officer

1 min read

The FINANCIAL — ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was appointed CEO of ING effective 1 July 2020. Ljiljana Čortan will be appointed…

EBRD and Baltic states to develop regional market for commercial papers

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to…

The two sides of the (stable)coin

8 mins read

The FINANCIAL -- Speech by Fabio Panetta, Member of the Executive Board of the ECB, at Il Salone dei Pagamenti 2020:…

G+D supports Christine Lagarde’s demand to accelerate the introduction of the digital euro

1 min read

The FINANCIAL --  Christine Lagarde, President of the European Central Bank ECB, claims for greater commitment to the introduction of a European digital currency. Giesecke+Devrient supports the initiative and calls for faster action at European level.…

German industry predicts rise in output

3 mins read

The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still increased by 2.1 percent. German industry sees growth in output and orders weakening…