Central bank

Supply Chain Resources Group Bolsters Leadership Team with Esteemed Board of Advisors

Retrieved on: 
Thursday, February 22, 2024

Her operational expertise helping customers improve quality, reduce costs, and manage risks further strengthens the strategic vision of the leadership team.

Key Points: 
  • Her operational expertise helping customers improve quality, reduce costs, and manage risks further strengthens the strategic vision of the leadership team.
  • Mahesh Krishnamurti (New York, NY & Mumbai, India) brings a strategic and global perspective to Supply Chain Resources Group.
  • "We are thrilled to welcome such a distinguished group of professionals to our Board of Advisors," said Xander Kameny , CFO/COO at Supply Chain Resources Group. "
  • The expanded Board of Advisors reflects Supply Chain Resources Group 's dedication to fostering a dynamic and forward-thinking leadership team.

Finnish digital neobank opens in Sweden and raises the interest rates on fixed-term deposits to a new level

Retrieved on: 
Thursday, February 22, 2024

"We want to increase fairness in fixed-term deposits," says Jarkko Mäensivu, the CEO of Saldo Bank.

Key Points: 
  • "We want to increase fairness in fixed-term deposits," says Jarkko Mäensivu, the CEO of Saldo Bank.
  • The digital neobank with a Finnish background, Saldo Bank, will lift the interest rate competition of the fixed-term deposits to a new level in Sweden.
  • The bank will start operating in Sweden in February and offers interest rates of up to 5% on one year's fixed-term accounts.
  • Saldo Bank is a modern digital bank operating in Sweden, Finland and Lithuania.

Bahrain Attracts a Record USD 1.7 Billion in Investments for 2023 Boosting Job Creation and Sustainable Economic Growth

Retrieved on: 
Tuesday, February 20, 2024

MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022. The investments for 2023, which stem from 85 local and international projects, are projected to generate over 5,700 employment opportunities over a three-year period across priority sectors in the interest of promoting economic diversification and sustainable growth.

Key Points: 
  • MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022.
  • The highest level of investments was attracted into the financial services sector, demonstrating the sector's strength, resilience, and ability to attract leading global players.
  • Khalid Humaidan, Governor of the Central Bank of Bahrain, stated, "2023 is a milestone year for Bahrain EDB.
  • Backed by the agile support of Team Bahrain, a record upwards of USD 1.7 billion in direct local and international investments were attracted into multiple sectors, which will effectively contribute to sustainable economic growth, boosting employment and training opportunities within the local workforce."

Bahrain Attracts a Record USD 1.7 Billion in Investments for 2023 Boosting Job Creation and Sustainable Economic Growth

Retrieved on: 
Tuesday, February 20, 2024

MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022. The investments for 2023, which stem from 85 local and international projects, are projected to generate over 5,700 employment opportunities over a three-year period across priority sectors in the interest of promoting economic diversification and sustainable growth.

Key Points: 
  • MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022.
  • The highest level of investments was attracted into the financial services sector, demonstrating the sector's strength, resilience, and ability to attract leading global players.
  • Khalid Humaidan, Governor of the Central Bank of Bahrain, stated, "2023 is a milestone year for Bahrain EDB.
  • Backed by the agile support of Team Bahrain, a record upwards of USD 1.7 billion in direct local and international investments were attracted into multiple sectors, which will effectively contribute to sustainable economic growth, boosting employment and training opportunities within the local workforce."

Turkiye Garanti Bankasi A.S.: Announcement Regarding the Operating Permit from the Central Bank of the Republic of Türkiye for Garanti Ödeme ve Elektronik Para Hizmetleri Anonim Şirketi , a subsidiary

Retrieved on: 
Friday, February 16, 2024

Central Bank of the Republic of Türkiye , as per its decision published in the Official Gazette dated 15.02.2024, has granted Garanti Ödeme ve Elektronik Para Hizmetleri Anonim Şirketi,

Key Points: 
  • Central Bank of the Republic of Türkiye , as per its decision published in the Official Gazette dated 15.02.2024, has granted Garanti Ödeme ve Elektronik Para Hizmetleri Anonim Şirketi,
    a subsidiary of our bank, with a permit to operate as a payment and electronic money institution to provide the payment services specified in subparagraphs (a), (b), (c), and (e) of the first paragraph of Article 12, as well as the electronic money issuance service specified in the second paragraph of Article 18 of Law on Payment and Securities Settlement Systems, Payment Services, and Electronic Money Institutions No.
  • 6493.
  • *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • Contact Garanti BBVA Investor Relations:

Verofax facilitates Egyptian EU Export with CBAM Compliance and Lifecycle Assessment Solutions

Retrieved on: 
Thursday, February 15, 2024

The Egyptian Businessmen's Association (EBA) convened to discuss the importance of technology in keeping exporters compliant with the requirementsof the EU.

Key Points: 
  • The Egyptian Businessmen's Association (EBA) convened to discuss the importance of technology in keeping exporters compliant with the requirementsof the EU.
  • Wassim Merheby of Verofax explains the opportunity for Egyptian exporters to achieve greater profits and seize greater market share in the EU.
  • The discussion emphasized the imperative for Egyptian exports to adhere to green economy principles outlined in the CBAM law.
  • source: Symposium on Carbon Tax - Egyptian Businessmen's Association discusses the importance of technology in factory compatibility with EU export requirements; Elmahrousa News, February 9th, 2024.

Commerzbank increases net profit for 2023 to €2.2 billion – Strategy is delivering

Retrieved on: 
Thursday, February 15, 2024

On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.

Key Points: 
  • On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.
  • Net interest income rose by a third to €8.368 billion (2022: €6.459 billion), while net commission income was slightly down at €3.386 billion (2022: €3.519 billion).
  • Net profit also rose accordingly: compared to the previous year, net profit after taxes and minority interests increased by 55% to €2.224 billion (2022: €1.435 billion).
  • Revenues amounted to €1.106 billion (Q3 2023: €1.171 billion); the operating result totalled €508 million (Q3 2023: €644 million).

EQS-News: Commerzbank increases net profit for 2023 to €2.2 billion – Strategy is delivering

Retrieved on: 
Thursday, February 15, 2024

On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.

Key Points: 
  • On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.
  • Net interest income rose by a third to €8.368 billion (2022: €6.459 billion), while net commission income was slightly down at €3.386 billion (2022: €3.519 billion).
  • Net profit also rose accordingly: compared to the previous year, net profit after taxes and minority interests increased by 55% to €2.224 billion (2022: €1.435 billion).
  • Revenues amounted to €1.106 billion (Q3 2023: €1.171 billion); the operating result totalled €508 million (Q3 2023: €644 million).