Central bank

Africa & Middle East Buy Now Pay Later Business Report 2024: 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics 2020-2029 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 19, 2024
Other Retail, Payments, Banking, Professional Services, Technology, Electronic Commerce, Online Retail, Retail, Name, Impulse, BNPL, Business model, Central bank, Partnership, Growth, Samsung, Makro, Series, Central Bank of Myanmar, Fintech, Product analysis, Tamara, Clothing, JPMorgan Chase, Cryptocurrency

The "Africa & Middle East Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Africa & Middle East Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
  • The buy now pay later market is poised to grow at an accelerated pace in the Middle East and Africa markets over the medium term.
  • In the Middle East, for instance, consumers are using the payment solution for luxury as well as essentials-related purchases.
  • In Africa, too, the demand for credit is driving the adoption of buy now pay later schemes.

Citycon Group successfully places a EUR 300 million Green Bond with an orderbook approximately seven times over-subscribed

Retrieved on: 
Wednesday, February 28, 2024
S&P Global Ratings, Standard, Regulation, Prospectus, Financial services, Person, Central bank, Health, Sale, Communication, Finance, Heart, Failure, Cryptocurrency

HELSINKI, Feb. 28, 2024 /PRNewswire/ -- Citycon Group has successfully placed a EUR 300 million green bond (the "Bond"). The issuer of the Bond is Citycon Treasury B.V. and the guarantor is Citycon Oyj. The 5-year senior unsecured fixed rate EUR-denominated Bond matures on 6 March 2029 and pays a fixed coupon of 6.500%.The Bond is issued under the issuer's EUR 2,500,000,000 EMTN programme dated 10 November 2023, and supplemented on 26 February 2024. Citycon Treasury B.V. will apply for the Bond to be admitted to the Official List of the Irish Stock Exchange (Euronext Dublin) and to trade on its regulated market. The Bond will be rated by Standard & Poor's in line with the corporate rating of Citycon.The net proceeds from the Bond will be used to refinance existing debt and for such general corporate purposes of the Group that meet Citycon's green financing framework requirements, which enables Citycon to integrate sustainability objectives in its financing activities. Citycon expects to apply a portion of the net proceeds of the issue to purchasing certain euro-denominated bonds issued by the Citycon Group which are validly tendered and accepted for purchase in accordance with the tender offer launched by Citycon on 27 February 2024.Citycon's green financing framework reflects practices that support the transition to a sustainable and low carbon economy through the development of green assets. Proceeds allocated in accordance with the framework will be used to finance or re-finance eligible green assets in categories green buildings, energy efficiency, renewable energy or waste management."We are pleased with the success of this placement. The demand for the bond was extremely strong with an orderbook approximately seven times over-subscribed. This once again highlights the quality of our credit and our access to the capital market. As a result of this successful issuance, our debt maturity profile is significantly improved and refinancing risk is further reduced as we aim to use the net proceeds to partially pay back the bond maturing in 2024 and pay down other short-term debt", says Sakari Järvelä, Chief Financial Officer of Citycon.Danske Bank and Deutsche Bank acted as Global Coordinators, and Nordea Bank, OP Corporate Bank, SEB and Swedbank acted as Active Bookrunners.

Key Points: 
  • Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.0 billion.
  • Citycon has investment-grade credit rating from Standard & Poor's (BBB-).
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • Neither Citycon Oyj nor Citycon Treasury B.V. has registered, or intends to register, securities in any of these jurisdictions or to conduct an offer of securities for sale in any of these jurisdictions.

CAIXA ECONÔMICA FEDERAL: ACCOUNTING NET INCOME OF R$ 11.7 BILLION IN 2023, UP BY 20.0% YoY.

Retrieved on: 
Wednesday, February 28, 2024
NET, Central bank, XIV, UP, Yoy, Sanitation, Bank statement, Clothing

BRASÍLIA, Brasil, Feb. 27, 2024 /PRNewswire/ -- CAIXA ECONÔMICA FEDERAL ("CAIXA"), the largest Brazilian bank in number of clients, credit, digital accounts, and savings deposits, announces its consolidated result for the fourth quarter (4Q23).

Key Points: 
  • Accounting Net Income of R$ 11.7 billion in 2023, up by 20,0% YoY;
    II.
  • Recurring Net Income of R$ 10.6 billion in 2023, up by 15.5% YoY;
    III.
  • R$ 544.3 billion in total loan origination in 2023, up by 6.8% YoY, the greatest loan origination in CAIXA's history;
    VIII.
  • CAIXA completes all DREX stages and tests in 2023, ahead of the schedule stipulated by the Central Bank of Brazil.

Buy Now, Pay Later Boom in the UAE: Market Soars at 52% CAGR, Fueled by Digital Adoption and E-Commerce Growth: Ken Research

Retrieved on: 
Tuesday, February 27, 2024
Online, Research, POS, Intelligence, Traction, Gen, Central bank, Growth, Computer security, Sale, Generation Z, Data analysis, Integration, Merchant, Risk assessment, SME, Ecosystem, Central Bank of Myanmar, Consumer, Health, Millennials, Travel

Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.

Key Points: 
  • Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.
  • E-Commerce Boom: The booming e-commerce industry in the UAE is driving the adoption of BNPL options, offering consumers convenient checkout and payment flexibility.
  • Financial Inclusion: BNPL solutions cater to unbanked or underbanked populations, promoting financial inclusion and increasing access to credit.
  • Regulatory Support: The Central Bank of the UAE's supportive regulations are fostering innovation and growth in the BNPL sector.

Buy Now, Pay Later Boom in the UAE: Market Soars at 52% CAGR, Fueled by Digital Adoption and E-Commerce Growth: Ken Research

Retrieved on: 
Tuesday, February 27, 2024
Online, Research, POS, Intelligence, Traction, Gen, Central bank, Growth, Computer security, Sale, Generation Z, Data analysis, Integration, Merchant, Risk assessment, SME, Ecosystem, Central Bank of Myanmar, Consumer, Health, Millennials, Travel

Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.

Key Points: 
  • Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.
  • E-Commerce Boom: The booming e-commerce industry in the UAE is driving the adoption of BNPL options, offering consumers convenient checkout and payment flexibility.
  • Financial Inclusion: BNPL solutions cater to unbanked or underbanked populations, promoting financial inclusion and increasing access to credit.
  • Regulatory Support: The Central Bank of the UAE's supportive regulations are fostering innovation and growth in the BNPL sector.

Citycon Group intends to issue a euro-denominated green bond

Retrieved on: 
Tuesday, February 27, 2024
S&P Global Ratings, Standard, Regulation, Prospectus, Financial services, Person, Central bank, Health, Sale, Communication, Finance, Heart, Failure, Cryptocurrency

HELSINKI, Feb. 27, 2024 /PRNewswire/ -- Citycon Group intends to issue a euro-denominated senior unsecured bond approximately with a maturity of 5 years in an amount of around EUR 300 million. The bond would be offered to institutional investors and would be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj. Citycon Treasury B.V. would apply for the bond to be admitted to the Official List of the Irish Stock Exchange (Euronext Dublin) and to trading on its regulated market. The bond would be issued under the issuer's EUR 2,500,000,000 EMTN programme dated 10 November 2023, and supplemented on 26 February 2024.

Key Points: 
  • Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.0 billion.
  • Citycon has investment-grade credit rating from Standard & Poor's (BBB-).
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • Neither Citycon Oyj nor Citycon Treasury B.V. has registered, or intends to register, securities in any of these jurisdictions or to conduct an offer of securities for sale in any of these jurisdictions.

Global Buy Now Pay Later Market Report 2024: 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model and Demographics - Forecasts to 2029

Retrieved on: 
Monday, February 26, 2024
Business model, Central bank, Klarna, Growth, Table, Zip Co, Walmart Canada, Central Bank of Myanmar, Primer, Legislation, Travel, Partnership, Retail

In Asia Pacific, as well, the market is poised for accelerated growth, with India and Southeast Asian countries projected to lead regional market.

Key Points: 
  • In Asia Pacific, as well, the market is poised for accelerated growth, with India and Southeast Asian countries projected to lead regional market.
  • This will support the growth of the broader buy now pay later market over the next three to four years.
  • This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in through 55 tables and 71 charts.
  • Below is a summary of key market segments:
    BNPL Market Size and Spending Pattern, 2020-2029
    Buy Now Pay Later Revenue Analysis, 2020-2029
    Buy Now Pay Later Operational KPIs & Statistics, 2020-2029

Do Government-Run Digital Currencies Invade Citizens' Privacy?

Retrieved on: 
Thursday, February 22, 2024
Senior, Government, Central bank, European Central Bank, Privacy, Cryptocurrency

AUSTIN, Texas, Feb. 22, 2024 /PRNewswire/ -- The Government of China and the European Central Bank have both come closer to issuing digital currencies, leaving many Americans to wonder if our own government is headed in the same direction and what the implications could be for their personal and financial privacy.

Key Points: 
  • As digital currencies gain momentum, expert panel discusses privacy implications
    AUSTIN, Texas, Feb. 22, 2024 /PRNewswire/ -- The Government of China and the European Central Bank have both come closer to issuing digital currencies, leaving many Americans to wonder if our own government is headed in the same direction and what the implications could be for their personal and financial privacy.
  • In the latest episode of U.S. Money Reserve's exclusive video series, "In Conversation," our panel of experts—including two former Directors of the U.S. Mint—discuss the privacy concerns surrounding digital currencies, and how they are being used in the world today.
  • Hosted by Chuck Woolery, this week's panel includes Philip N. Diehl, 35th Director of the U.S. Mint (1994–2000) and President of U.S. Money Reserve; Edmund C. Moy, 38th Director of the U.S. Mint (2006–2011) and U.S. Money Reserve's Senior IRA Strategist; Brad Chastain, U.S. Money Reserve's Director of Education; and U.S. Money Reserve's Coy Wells.
  • For more information or to speak with company leadership at U.S. Money Reserve, please contact Christol Farris at 512-568-9991 or [email protected] or visit www.usmoneyreserve.com .

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

Retrieved on: 
Thursday, February 22, 2024
CFO, Sustainability, MEA, TPG Inc., LVMH, Central bank, Electronics, Growth, ADT, Strategos, Harvard University, AlixPartners, RGP, Software as a service, Brown–Forman, Delta Air Lines, Symbol Technologies, Virginia Coalition, Target, Cisco, Apple, EBay, Akasha, Goldman Sachs, Independent, TES, Central Waqf Council, Stanford University, Neiman Marcus, PepsiCo, Yes Bank, Management

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
Bank, Growth, Central bank, European Central Bank

"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.