EQS: latest releases

News releases provided by EQS Group AG EQS Group AG.

JSC Halyk Bank: Halyk Bank fully prepaid its $750million Eurobond issue

Monday, March 1, 2021 - 12:04pm

Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) fully prepaid its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate due 2022 (the Notes).

Key Points: 
  • Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) fully prepaid its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate due 2022 (the Notes).
  • This full prepayment will allow the Bank to optimize its capital and funding costs utilizing the excessive USD liquidity of the Bank.
  • Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail, SME & corporate banking, insurance, leasing, brokerage and asset management.
  • With total assets of KZT 9,999.1bn as at 30 September 2020, Halyk Bank is Kazakhstan's leading lender.

Fuller, Smith & Turner PLC: Total Voting Rights

Monday, March 1, 2021 - 12:03pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • The following notification is made in accordance with the UK Financial Conduct Authority Disclosure and Transparency Rule 5.6.1.
  • Of this total, 1,274,209 'A' ordinary shares are held in treasury.
  • Therefore, the total number of listed voting rights in Fullers is 32,345,625.

DGAP-News: Linde Recognized as One of the 2021 World's Most Ethical Companies

Monday, March 1, 2021 - 12:03pm

Guildford, UK, March 1, 2021 - Linde (NYSE:LIN; FWB:LIN) today announced it has been recognized as one of the 2021 World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

Key Points: 
  • Guildford, UK, March 1, 2021 - Linde (NYSE:LIN; FWB:LIN) today announced it has been recognized as one of the 2021 World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
  • In 2021, 135 companies across 22 countries and 47 industries were recognized in the World's Most Ethical Companies list.
  • Linde is one of only two companies recognized in the Chemicals category.
  • "Integrity is one of Linde's core values and a cornerstone of our business," said Steve Angel, Chief Executive Officer, Linde.

DGAP-News: VST Enterprises Announce New Media and PR Partners

Monday, March 1, 2021 - 11:01am

MANCHESTER, UK / ACCESSWIRE / March 1, 2021 / VST Enterprises(TM), the multi-award-winning technology company has today announced its appointment of two new media partners Redstrike and Zope Media to take charge of its communications strategy in a bid to boost its global brand awareness.

Key Points: 
  • MANCHESTER, UK / ACCESSWIRE / March 1, 2021 / VST Enterprises(TM), the multi-award-winning technology company has today announced its appointment of two new media partners Redstrike and Zope Media to take charge of its communications strategy in a bid to boost its global brand awareness.
  • V-Health Passport(TM) is just one example of how adaptive he and the team at VST Enterprises are when it comes down to innovation.
  • This year, Redstrike have also moved into other sectors so it was perfect timing to take on VST Enterprises as a client.
  • Commenting on the partnership director Ian Lysaght said: "The technology created by VST Enterprises and Louis-James is truly ground-breaking.

DGAP-News: Investment company EMERAM: Double-digit growth also in the Corona year 2020 - First investment made in 2021

Monday, March 1, 2021 - 11:01am

The turnover and number of employees of the portfolio companies again increased significantly in 2020.

Key Points: 
  • The turnover and number of employees of the portfolio companies again increased significantly in 2020.
  • And already in January 2021, the portfolio company Matrix42 acquired the software company FastViewer, specialised in remote access and remote maintenance of computers.
  • The portfolio companies of the funds advised by EMERAM were not able to avoid the economic consequences of the Corona pandemic in the meantime.
  • EMERAM acts as a long-term business development partner for its companies, promoting the sustainable growth (organic and inorganic) of the portfolio companies.

SThree: Voting Rights and Capital

Monday, March 1, 2021 - 11:01am

At the date of this announcement, SThree plc's issued share capital consists of 133,433,763 ordinary shares of 1p each.

Key Points: 
  • At the date of this announcement, SThree plc's issued share capital consists of 133,433,763 ordinary shares of 1p each.
  • Currently there are 35,767 shares held in Treasury, and the total number of voting rights in SThree plc is 133,397,996.
  • Shareholders may use the above figure of 133,397,996 as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change in their interest in, SThree plc under the FCA's Disclosure and Transparency Rules.

DGAP-News: MPC Energy Solutions secures exclusivity for two projects in Colombia and the Eastern Caribbean and continues to grow its pipeline

Monday, March 1, 2021 - 11:01am

Amsterdam/Oslo - 1 March 2021 - MPC Energy Solutions NV has seen a strong start to its operations since its recent IPO.

Key Points: 
  • Amsterdam/Oslo - 1 March 2021 - MPC Energy Solutions NV has seen a strong start to its operations since its recent IPO.
  • Since then, MPC Energy Solutions made significant progress in the execution of its project pipeline and secured exclusivity for two projects in Colombia and in the Eastern Caribbean.
  • Martin Vogt, CEO of MPC Energy Solutions, said: "We are excited to add two exclusive project opportunities to our project pipeline.
  • MPC Energy Solutions is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions.

DGAP-News: Medios AG achieves 2020 annual targets - sales expected to almost double in 2021

Monday, March 1, 2021 - 11:01am

1.2 billion

Key Points: 
  • 1.2 billion
    Berlin, March 1, 2021 - Medios AG ("Medios"), the leading provider of Specialty Pharma solutions in Germany, grew strongly in the 2020 financial year.
  • Matthias Gaertner, CEO and CFO of Medios AG: "2020 was a successful year for Medios despite the corona pandemic.
  • The comprehensive consolidated financial statements of Medios AG will be published with the 2020 annual report at the end of March 2021.
  • Medios AG is Germany's first listed Specialty Pharma company and member of the SDAX selection index (Prime Standard) (ISIN: DE000A1MMCC8).

DGAP-News: Armacell welcomes new CFO Wim Van Acker

Monday, March 1, 2021 - 11:01am

Luxembourg, 1 March 2021 - Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, is pleased to welcome Wim Van Acker as Chief Financial Officer (CFO).

Key Points: 
  • Luxembourg, 1 March 2021 - Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, is pleased to welcome Wim Van Acker as Chief Financial Officer (CFO).
  • "He is a seasoned CFO and senior leader who brings 20+ years of extensive management know-how to Armacell."
  • Over the past five years, Van Acker was Group CFO of Deceuninck, a publicly listed company and global manufacturer of profiles for windows and doors.
  • "I am grateful for the opportunity to join Armacell, a truly global leader in advanced material technologies and energy efficiency around the world," said Van Acker.

DGAP-News: Sixt SE: ​​​​​​​Sixt SE redeems loan concluded with the participation of KfW and concludes new syndicated credit line of EUR 750 million with renowned bank consortium

Monday, March 1, 2021 - 11:01am

Previously undrawn syndicated loan with the participation of KfW to now be replaced by the new credit line that will serve as an additional financing instrument.

Key Points: 
  • Previously undrawn syndicated loan with the participation of KfW to now be replaced by the new credit line that will serve as an additional financing instrument.
  • By taking out the new syndicated loan without KfW's participation, we are financially equipping ourselves for an increase in demand for mobility services after corona.
  • Pullach, 01 March 2021 - Sixt SE has signed a long-term syndicated loan agreement in the amount of EUR 750 million with a renowned bank consortium.
  • The new revolving credit line completely replaces the previously unused syndicated loan concluded at the beginning of May 2020 with the participation of Kreditanstalt fr Wiederaufbau (KfW).

DGAP-News: AlzChem Group AG: Disclosure according to Article 5 of the EU Regulation 596/2014 and Article 2 Section (1) of the Delegated EU Regulation 2016/1052 3rd Interim report

Monday, March 1, 2021 - 9:00am

In the period from February 22, 2021 up to and including February 26, 2021, a total of 692 shares of AlzChem Group AG were acquired as part of the share buyback program announced on February 2, 2021.

Key Points: 
  • In the period from February 22, 2021 up to and including February 26, 2021, a total of 692 shares of AlzChem Group AG were acquired as part of the share buyback program announced on February 2, 2021.
  • The total number of shares acquired to date as part of this buyback amounts to 11.563.
  • The acquisition was carried out by ODDO BHF Aktiengesellschaft, Frankfurt am Main/Germany via the stock exchange (XETRA) on behalf of AlzChem Group AG.
  • The total number of repurchased shares, the weighted average price and the aggregated volume per day were as follows:

EQS-News: Nordea Bank Abp: Annual Financial Report

Monday, March 1, 2021 - 9:00am

Nordea has published its Annual Report, Sustainability Report and Remuneration Report for Governing Bodies

Key Points: 
  • Nordea has published its Annual Report, Sustainability Report and Remuneration Report for Governing Bodies
    Nordea has today published its Annual Report for the financial year 2020, which includes the audited Financial Statements, the Board of Directors' Report and the Corporate Governance Statement.
  • Further, Nordea has today published its Sustainability Report and its Remuneration Report for Governing Bodies for year 2020.
  • The Annual Report can be downloaded at nordea.com .
  • Nordea has also published the Annual Report in Swedish in European Single Electronic Format (ESEF).The Sustainability Report, the Corporate Governance Statement and the Remuneration Report for Governing Bodies are also available at nordea.com .

DGAP-News: Airbion GmbH: ​​​​​​​Airbion: German company challenges COVID-19 viruses and other ultrafine particles

Monday, March 1, 2021 - 9:00am

The renowned consulting company BlueXPRT attests in a current expert report: "The VAPUR technology is provably suited to eliminate ultrafine particles and hence COVID-19 viruses from the respiratory air.

Key Points: 
  • The renowned consulting company BlueXPRT attests in a current expert report: "The VAPUR technology is provably suited to eliminate ultrafine particles and hence COVID-19 viruses from the respiratory air.
  • Airbion is a provider of innovative technologies and devices with which respiratory and ambient air are purified by removing ultrafine particles and viruses.
  • In this way, Airbion can remove ultrafine particles, viruses and bacteria from the air without contaminants and is clearly superior to conventional filter solutions.
  • The company has its head office in Rellingen; the Airbion devices have been produced and internationally distributed in Gronau (North Rhine-Westphalia) since 2020.

DGAP-News: FRIEDRICH VORWERK acquires specialist for Cathodic Corrosion Protection

Monday, March 1, 2021 - 8:01am

Tostedt, 1 March 2021 - FRIEDRICH VORWERK Group SE, a subsidiary of MBB SE (ISIN DE000A0ETBQ4), acquired KORUPP GmbH, one of the leading providers of services and products in the field of Cathodic Corrosion Protection (CCP).

Key Points: 
  • Tostedt, 1 March 2021 - FRIEDRICH VORWERK Group SE, a subsidiary of MBB SE (ISIN DE000A0ETBQ4), acquired KORUPP GmbH, one of the leading providers of services and products in the field of Cathodic Corrosion Protection (CCP).
  • FRIEDRICH VORWERK thus secures the technological competence and personnel capacities to protect underground energy transport and storage systems against corrosion.
  • KORUPP is specialised in the engineering, installation and service of systems for Cathodic Corrosion Protection for almost 70 years.
  • Through the merger with FRIEDRICH VORWERK, the company expects to grow significantly in the coming years to meet the increasing demand for Cathodic Corrosion Protection.

Coinsilium Group Limited: Director Change

Monday, March 1, 2021 - 8:01am

London, UK, 1 March 2021 - Coinsilium Group Limited (AQSE:COIN) (OTCQB:CINGF) the Blockchain and Open Finance venture builder, is pleased to announce the appointment of Federica Velardo as a Non-Executive Director of the Company with immediate effect.

Key Points: 
  • London, UK, 1 March 2021 - Coinsilium Group Limited (AQSE:COIN) (OTCQB:CINGF) the Blockchain and Open Finance venture builder, is pleased to announce the appointment of Federica Velardo as a Non-Executive Director of the Company with immediate effect.
  • Federica joins the team of Coinsilium from Druces LLP, a Legal 500 firm based in the City of London and who are legal advisors to Coinsilium.
  • She has been an Associate in Druces' Corporate & Commercial team and worked with clients from a variety of industries.
  • The Company also notes that Tony Sarin has resigned as a Non-Executive Director with immediate effect.

DGAP-News: GLOBAL FASHION GROUP DELIVERS FIRST ADJ. EBITDA POSITIVE YEAR, Q4 NMV UP 29%

Monday, March 1, 2021 - 8:01am

EBITDA positive year with 16.4m, and a margin of 1.2%

Key Points: 
  • EBITDA positive year with 16.4m, and a margin of 1.2%
    Christoph Barchewitz and Patrick Schmidt, Co-CEOs of GFG, said: "FY 2020 was GFG's first profitable year, on an Adj.
  • Performance this quarter was driven by a record increase in Active Customers, as ecommerce adoption continues to accelerate.
  • In 2021, GFG expects to grow NMV by over 25%, delivering c.2.3-2.4 billion in NMV, and around 1.5 billion of revenue, all on a constant currency basis.
  • In Q4, GFG delivered NMV of 594.5 million, up a strong 28.9% yoy.

DGAP-News: JDC Group AG: Mediolanum and JDC Group cooperate in private pension planning products

Monday, March 1, 2021 - 8:01am

Through an interface to the JDC platform, all of MIL's insurance business in Germany is serviced via the JDC platform.

Key Points: 
  • Through an interface to the JDC platform, all of MIL's insurance business in Germany is serviced via the JDC platform.
  • "Through the strategic cooperation in the insurance business we want to significantly expand our partnership in the German pension planning business.
  • Banca Mediolanum S.p.A. is the parent company of Mediolanum Banking Group, which is represented in 5 European countries, as well as the Mediolanum financial conglomerate, which includes Italian and foreign insurance companies.
  • The members of the Management Board of JDC Group AG hold stakes in JDC Group AG and have a personal interest in the type and content of the information given in this announcement.

Halfords Group PLC: Trading Update

Monday, March 1, 2021 - 8:01am

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Halfords Group plc ("the Group"), the UK's leading provider of motoring and cycling products and services, today updates the market on its recent trading performance.
  • In our Q3 trading update on 14 January 2021, we highlighted a weaker like-for-like ("LFL") growth rate as we exited the quarter.
  • Our next planned trading update will be our Preliminary results announcement on 17 June 2021.

DGAP-News: MBB: FRIEDRICH VORWERK acquires specialist for Cathodic Corrosion Protection

Monday, March 1, 2021 - 8:01am

Berlin, 1 March 2021 - FRIEDRICH VORWERK Group SE, a subsidiary of MBB SE (ISIN DE000A0ETBQ4), acquired KORUPP GmbH, one of the leading providers of services and products in the field of Cathodic Corrosion Protection (CCP).

Key Points: 
  • Berlin, 1 March 2021 - FRIEDRICH VORWERK Group SE, a subsidiary of MBB SE (ISIN DE000A0ETBQ4), acquired KORUPP GmbH, one of the leading providers of services and products in the field of Cathodic Corrosion Protection (CCP).
  • FRIEDRICH VORWERK thus secures the technological competence and personnel capacities to protect underground energy transport and storage systems against corrosion.
  • KORUPP is specialised in the engineering, installation and service of systems for Cathodic Corrosion Protection for almost 70 years.
  • Through the merger with FRIEDRICH VORWERK, the company expects to grow significantly in the coming years to meet the increasing demand for Cathodic Corrosion Protection.

Polymetal: Ore Reserves, Mineral Resources and Exploration update as at 1 January 2021

Monday, March 1, 2021 - 8:01am

In 2021, further exploration at Eastern Bakyrchik sites is planned to convert open-pit Mineral Resources into the Indicated category.

Key Points: 
  • In 2021, further exploration at Eastern Bakyrchik sites is planned to convert open-pit Mineral Resources into the Indicated category.
  • In 2020, exploration activities included exploration drilling (9.3 km) along the flanks and delineation of the ore body at the Anfisa open pit.
  • Most of the exploration work was focused on Mineral Resources of heap leachable ore on the flanks of the ore zones and the upgrade of Mineral Resource categories.
  • Detailed drilling will be carried out at the main ore zones to convert Mineral Resources into Ore Reserves.

Fix Price announces start of bookbuilding, first cornerstone investors for IPO on Main Market of London Stock Exchange

Monday, March 1, 2021 - 8:01am

Fix Price announces start of bookbuilding, first cornerstone investors for IPO on Main Market of London Stock Exchange

Key Points: 
  • Fix Price announces start of bookbuilding, first cornerstone investors for IPO on Main Market of London Stock Exchange
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • "We have been pleased with the strong response to the Fix Price story from the investment community.
  • Admission and the start of unconditional trading in the GDRs on the London Stock Exchange and on Moscow Exchange are expected to occur on or around 10 March 2021.
  • Fix Price believes that the standardisation of its stores drives value, convenience and a great experience for Fix Price customers.

DGAP-News: Advanced Blockchain AG holds stake in Fractal Project

Monday, March 1, 2021 - 8:01am

Advanced Blockchain AG (Frankfurt, Primary Market Dsseldorf, XETRA: ISIN DE000A0M93V6) has sometime ago made an investment into Fractal ( www.trustfractal.com ) for its Polkadot related portfolio.

Key Points: 
  • Advanced Blockchain AG (Frankfurt, Primary Market Dsseldorf, XETRA: ISIN DE000A0M93V6) has sometime ago made an investment into Fractal ( www.trustfractal.com ) for its Polkadot related portfolio.
  • The Fractal Protocol uses blockchain and cryptocurrency to enable advertising that maintains user privacy while also promoting interaction with ads and products.
  • Fractal is part of the Polkadot blockchain ecosystem, and thus this investment adds on to Advanced Blockchain AG's portfolio of investments in these types of projects.
  • The Polkadot blockchain and the protocols that operate on it are of particular interest to Advanced Blockchain AG as they offer scalability and interoperability, making them the ideal candidate for use in many industries such as finance and advertising.

DGAP-News: q.beyond expects further double-digit growth in 2021

Monday, March 1, 2021 - 7:01am

- Clear positioning as growth stock: value growth has priority over dividend

Key Points: 
  • - Clear positioning as growth stock: value growth has priority over dividend
    Cologne, 1 March 2021 - q.beyond AG will consistently press ahead with implementing its "2020plus" growth strategy in 2021 and has budgeted double-digit revenue growth to between 160 million and 170 million.
  • Not only that, the company is benefiting from persistently high demand, with new order growth of 21% to 161.1 million in 2020.
  • In its planning, q.beyond expects economic activity in Germany to normalise again from the second quarter of 2021.
  • When presenting the company's growth strategy in 2019, the Management Board stressed that shareholders would in future participate in the company's performance primarily via its value growth.

DGAP-News: Evotec and Chinook Therapeutics enter into strategic collaboration to discover and develop novel precision medicines for chronic kidney diseases

Monday, March 1, 2021 - 7:01am

Based on Evotec's proprietary comprehensive molecular datasets from thousands of patients across chronic kidney diseases of multiple underlying etiologies, Chinook and Evotec will jointly identify, characterise and validate novel mechanisms and discover and develop precision medicines.

Key Points: 
  • Based on Evotec's proprietary comprehensive molecular datasets from thousands of patients across chronic kidney diseases of multiple underlying etiologies, Chinook and Evotec will jointly identify, characterise and validate novel mechanisms and discover and develop precision medicines.
  • In addition, Chinook will contribute drug discovery and development programmes to the collaboration targeting rare kidney diseases such as IgA nephropathy and glomerular diseases.
  • Dr Cord Dohrmann, Chief Scientific Officer of Evotec, commented: "We are glad to enter into a discovery and development partnership with Chinook Therapeutics, a company specialising in overcoming kidney diseases.
  • Chinook Therapeutics, Inc. is a clinical-stage biotechnology company developing precision medicines for kidney diseases.

DGAP-News: Heidelberg Pharma Expands Management Team

Monday, March 1, 2021 - 7:01am

Dr. Strassz joined Heidelberg Pharma from Affimed, where he served as Medical Director.

Key Points: 
  • Dr. Strassz joined Heidelberg Pharma from Affimed, where he served as Medical Director.
  • He joins Heidelberg Pharma from Janssen (Pharmaceutical Companies of Johnson & Johnson), where he was Senior Director - External Innovation at the J&J London Innovation Centre.
  • Dr. Jan Schmidt-Brand, Chief Executive Officer and Chief Financial Officer of Heidelberg Pharma AG, commented: "I am very pleased that Andrs Strassz and Mathias Locher are joining the Heidelberg Pharma management team.
  • Heidelberg Pharma AG has entered into partnerships to further develop and commercialize its clinical assets upamostat (formerly MESUPRON(R)) and TLX250-CDx (formerly REDECTANE(R)).

DGAP-News: Subscription period for Homann Holzwerkstoffe Bond 2021/2026 starts today

Monday, March 1, 2021 - 7:01am

Target volume of EUR 60 million; term of 5.5 years

Key Points: 
  • Target volume of EUR 60 million; term of 5.5 years
    Munich, 1 March 2021 - Today marks the start of the subscription period for the 2021/2026 corporate bond issued by Homann Holzwerkstoffe Group, a leading European supplier of thin, refined wooden fibreboards for the furniture, doors and coatings industries.
  • The bond will be issued at a principal amount of EUR 1,000 and has a term of 5.5 years.
  • Headquartered in Munich, Homann Holzwerkstoffe Group is a leading supplier of thin, high-quality finished medium-density and high-density fibreboards (MDF/HDF).
  • Its 2017/2022 corporate bond (ISIN: DE000A2E4NW7; WKN: A2E4NW) is listed on the Frankfurt Stock Exchange in the Scale segment.

DGAP-News: BayWa AG: BayWa records outstanding earnings - higher dividend in sight

Monday, March 1, 2021 - 7:00am

Revenues increased by 0.6% and stood at 17.2 billion at the end of the year (2019: 17.1 billion).

Key Points: 
  • Revenues increased by 0.6% and stood at 17.2 billion at the end of the year (2019: 17.1 billion).
  • The BayWa Board of Management and Supervisory Board propose raising the dividend for 2020 by 5 cents to 1.00 per share.
  • BayWa will publish detailed figures for the most recent financial year along with its balance sheet on 25 March 2021.
  • You can download print-ready press photos, footage material and video statements - without registration - from the BayWa Mediapool at https://www.baywa-mediapool.com/#/ .

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: Landmark building CIELO gets new owner

Monday, March 1, 2021 - 7:00am

DEMIRE Deutsche Mittelstand Real Estate AG: Landmark building CIELO gets new owner

Key Points: 
  • DEMIRE Deutsche Mittelstand Real Estate AG: Landmark building CIELO gets new owner
    The issuer is solely responsible for the content of this announcement.
  • CIELO, the prominent office complex at Theodor-Heuss-Allee 100-104 in Frankfurt am Main, will get a new owner in which RFR Group and DEMIRE Deutsche Mittelstand Real Estate AG will hold equal stakes.
  • DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in medium-sized cities and up-and-coming locations in metropolitan areas throughout Germany.
  • The shares of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of Deutsche Brse in Frankfurt.

DGAP-News: adesso supports Bausparkasse Schwäbisch Hall to expand its core banking IT system in the credit sector

Monday, March 1, 2021 - 7:00am

Bausparkasse Schwbisch Hall has engaged the IT service provider adesso for a sub-project in the context of ongoing work to update its IT systems.

Key Points: 
  • Bausparkasse Schwbisch Hall has engaged the IT service provider adesso for a sub-project in the context of ongoing work to update its IT systems.
  • The project will see adesso support the building society to develop an SAP-based application for its core banking business as a first-time lender.
  • Bausparkasse Schwbisch Hall has opted to transform its core banking system, supporting processes related to its core lending business with the established SAP for Banking platform.
  • Bausparkasse Schwbisch Hall's core banking project is currently one of the largest core banking projects in Germany's financial services sector to use SAP for banking.