European Bank for Reconstruction and Development

ICE Benchmark Administration Launches ICE Risk Free Rate Indexes for U.S. Dollar, Euro and Japanese Yen

Retrieved on: 
Tuesday, September 21, 2021
Professional Services, Data Management, Other Professional Services, Technology, Software, Finance, Banking, Benchmark, Financial Conduct Authority, U.S. Securities and Exchange Commission, Technology, TONA, EUR, RFR, New, Observation, Risk, EBRD, Annual report, Intercontinental, Private Securities Litigation Reform Act, RFR Engineers, JPY, Reconstruction, SEC, Mission statement, Bank of England, Intercontinental Exchange, European Central Bank, New York Stock Exchange, Â, Calendar, Bank, NYSE, European Bank for Reconstruction and Development, SOFR, GBP, ICE, KIDS, Security (finance), ICE Benchmark Administration, Intercontinental Exchange, ICE BENCHMARK ADMINISTRATION, INTERCONTINENTAL EXCHANGE

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (IBA) has launched ICE Risk Free Rate (RFR) Indexes in U.S. Dollar (SOFR), Euro (STR) and Japanese Yen (TONA), following the launch of ICE SONIA Indexes for GBP Sterling in April 2021.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (IBA) has launched ICE Risk Free Rate (RFR) Indexes in U.S. Dollar (SOFR), Euro (STR) and Japanese Yen (TONA), following the launch of ICE SONIA Indexes for GBP Sterling in April 2021.
  • The EBRD is very pleased to see the introduction of the different indices by ICE Benchmark Administration.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
  • The New York Fed does not sanction, endorse, or recommend any products or services offered by ICE Benchmark Administration Limited.

ACAMS Chapter Launches in Eurasia in Bid to Curtail Regional Exposure to Trade-Based Money Laundering and Other Financial Crimes

Retrieved on: 
Wednesday, June 23, 2021
Continents, Countries, World, Association of Certified Anti-Money Laundering Specialists, Eurasia, European Bank for Reconstruction and Development, Kyrgyzstan, Kyiv, Bishkek

The launch of the Eurasia chapter in 2021 will complement other professional education and peer networking efforts for compliance professionals throughout the region, including Armenia, Azerbaijan, Kazakhstan and Kyrgyzstan.

Key Points: 
  • The launch of the Eurasia chapter in 2021 will complement other professional education and peer networking efforts for compliance professionals throughout the region, including Armenia, Azerbaijan, Kazakhstan and Kyrgyzstan.
  • Chapter board members in all seven countries will separately organize and host ACAMS training events in English, Russian and seven regional languages.
  • The ACAMS Eurasia Chapter is an important step toward removing barriers and enhancing trade between economies where the EBRD operates, he said.
  • Officially launched on 23 June 2021, the ACAMS Eurasia Chapter will be jointly overseen by board members based in Yerevan, Baku, Tbilisi, Nur-Sultan, Bishkek, Chisinau and Kyiv.

Next-generation insurance company Hellas Direct raises EUR 32m round and welcomes investment by the European Bank for Reconstruction and Development

Retrieved on: 
Friday, June 18, 2021
Finance, Economy, Money, European Bank for Reconstruction and Development, ING Group, Convertible bond, Insurance

The company also welcomed on board a leading investor, the European Bank for Reconstruction and Development (EBRD).

Key Points: 
  • The company also welcomed on board a leading investor, the European Bank for Reconstruction and Development (EBRD).
  • The EBRD is providing a mandatory convertible debt facility of EUR 10m to Hellas Direct, to support its growth and provide the company with solvency capital.
  • Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and the use of advanced analytics.
  • "We are delighted to support Hellas Direct, a technology-driven insurance company offering innovative products and digitalising the insurance value chain in Greece.

Next-generation insurance company Hellas Direct raises EUR 32m round and welcomes investment by the European Bank for Reconstruction and Development

Retrieved on: 
Friday, June 18, 2021
Finance, Economy, Money, European Bank for Reconstruction and Development, ING Group, Convertible bond, Insurance

The company also welcomed on board a leading investor, the European Bank for Reconstruction and Development (EBRD).

Key Points: 
  • The company also welcomed on board a leading investor, the European Bank for Reconstruction and Development (EBRD).
  • The EBRD is providing a mandatory convertible debt facility of EUR 10m to Hellas Direct, to support its growth and provide the company with solvency capital.
  • Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and the use of advanced analytics.
  • "We are delighted to support Hellas Direct, a technology-driven insurance company offering innovative products and digitalising the insurance value chain in Greece.

EUR 809 million EIB Group support for COVID-19 resilience, education, water, energy efficiency and private investment in Romania

Retrieved on: 
Thursday, March 18, 2021
European Union, Europe, Multilateral development banks, Continents, European Investment Bank, Romania, EIB, European Bank for Reconstruction and Development, Water privatization in Bucharest

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR 809 million of new financing from the European Investment Bank and European Investment Fund agreed with Romanian public and private partners last year.

Key Points: 
  • Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR 809 million of new financing from the European Investment Bank and European Investment Fund agreed with Romanian public and private partners last year.
  • The close cooperation between the EIB Group and Romania has transformed economic opportunities, priority infrastructure and key services in our country.
  • The strong pipeline of future EIB and EIF engagement in Romania will build on this impressive track record.
  • The excellent collaboration between Romanian public and private partners and colleagues from the European Investment Bank Group, including our technical and financial experts in Bucharest, have once again delivered transformational support for economic, social and climate investment in Romania.
  • The EUR 809 million new EIB and EIF financing agreed in 2020 will benefit thousands of companies, students and households across the country in the years ahead.
  • In 2020 the EIF provided more than EUR 387 million of new financing for small businesses across Romania.
  • Accelerating investment to transform higher education in Romania Last summer the EIB launched its first streamlined higher education financing scheme in Romania.
  • Cutting heating costs in homes and schools Last year the EIB continued its track record of supporting energy efficiency in Romania and agreed EUR 42 million of new financing toward the Energy Efficiency Investment Programmes of three districts in Bucharest.
  • This new support will assist implementation of Romanias National Energy Efficiency Action Plan and the EU Resource Efficiency Initiative.

EIB backs EUR 3.7 billion COVID-19 business support, renewable energy, internet, health, education and sustainable urban investment

Retrieved on: 
Friday, March 12, 2021
European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, Infrastructure, European Fund for Strategic Investments, European Bank for Reconstruction and Development

Business investment, renewable energy and upgrading hospitals, schools, internet services and urban infrastructure will be accelerated by new financing totalling EUR 3.7 billion approved today by the European Investment Bank (EIB).

Key Points: 
  • Business investment, renewable energy and upgrading hospitals, schools, internet services and urban infrastructure will be accelerated by new financing totalling EUR 3.7 billion approved today by the European Investment Bank (EIB).
  • Todays approval of EUR 3.7 billion of new EIB financing will help private and public partners to achieve a green and sustainable recovery, said Werner Hoyer, President of the European Investment Bank.
  • 381 million for transport, hospitals and schools, and sustainable urban investment

    Communities across Europe and beyond will benefit from EIB backed investment to improve transport, upgrade health and education, and unlock investment in cities.

  • New investment to improve energy efficiency, urban transport, education, sports and cultural facilities across the Polish city of Wrocaw will also benefit from new EIB financing agreed today.

Vectrus Wins Recompete Contract to Continue Operations, Maintenance and Defense of Army Communications in Southwest Asia and Central Asia (OMDAC-SWACA)

Retrieved on: 
Tuesday, December 29, 2020
Europe, Multilateral development banks, Economy, European Bank for Reconstruction and Development, European Investment Bank, LinkedIn, EIB, European route E73, BOSNIA AND HERZEGOVINA

"Vectrus is delighted to have been selected to continue our support of the OMDAC-SWACA mission," said Chuck Prow, president and chief executive officer of Vectrus.

Key Points: 
  • "Vectrus is delighted to have been selected to continue our support of the OMDAC-SWACA mission," said Chuck Prow, president and chief executive officer of Vectrus.
  • For information on career opportunities associated with OMDAC-SWACA as well as other Vectrus programs, please visit https://careers.vectrus.com/ .
  • Vectrus is headquartered in Colorado Springs, Colo., and includes about 7,100 employees spanning 148 locations in 26 countries and territories.
  • For more information, visit the company's website at www.vectrus.com or connect with Vectrus on Facebook , Twitter , and LinkedIn .

Turkiye Garanti Bankasi A.S.: Regarding the Funded Risk Participation Framework Agreement Executed Between Our Bank and the European Bank for Reconstruction and Development (EBRD)

Retrieved on: 
Friday, December 25, 2020
Economy, Multilateral development banks, Finance, International finance institutions, Money, European Bank for Reconstruction and Development, Bank

Our Bank has signed Funded Risk Participation Framework Agreement with the European Bank for Reconstruction and Development (EBRD) to finance the commercial and project finance loans throughout Turkey.

Key Points: 
  • Our Bank has signed Funded Risk Participation Framework Agreement with the European Bank for Reconstruction and Development (EBRD) to finance the commercial and project finance loans throughout Turkey.
  • Within the scope of this agreement up to 50% participation in TRY, USD or EUR currency may be provided by EBRD for the commercial and project finance loans to be provided by our Bank
    In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Risen Obtains Project Financing from DEG

Retrieved on: 
Tuesday, December 22, 2020
European Bank for Reconstruction and Development, Photovoltaic system, Economy, Finance, Money, German Investment Corporation

Risen Energy is the only Chinese company in the industry to get project financing from both DEG and EBRD, demonstrating its strong international financing capabilities.

Key Points: 
  • Risen Energy is the only Chinese company in the industry to get project financing from both DEG and EBRD, demonstrating its strong international financing capabilities.
  • As a global leading solar PV company, Risen Energy has received international project financing on several occasions.
  • Risen Energy has signed financing agreements with EBRD for Kazakhstan's 50MW solar farm and another 40MW PV project.
  • Regarding the successful cooperation with DEG, Ms. Jieling Zhang, Director of Oversea Project Finance and Investment of Risen Energy, said, "This is a great achievement for both Risen and DEG.

Risen Obtains Project Financing from DEG

Retrieved on: 
Tuesday, December 22, 2020
European Bank for Reconstruction and Development, Photovoltaic system, Economy, Finance, Money, German Investment Corporation

Risen Energy is the only Chinese company in the industry to get project financing from both DEG and EBRD, demonstrating its strong international financing capabilities.

Key Points: 
  • Risen Energy is the only Chinese company in the industry to get project financing from both DEG and EBRD, demonstrating its strong international financing capabilities.
  • As a global leading solar PV company, Risen Energy has received international project financing on several occasions.
  • Risen Energy has signed financing agreements with EBRD for Kazakhstan's 50MW solar farm and another 40MW PV project.
  • Regarding the successful cooperation with DEG, Ms. Jieling Zhang, Director of Oversea Project Finance and Investment of Risen Energy, said, "This is a great achievement for both Risen and DEG.