Allied Irish Banks

Business as usual: bank climate commitments, lending, and engagement

Retrieved on: 
Tuesday, April 2, 2024
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    Lightsource bp Completes $348 Million Financing Package for Two Utility-Scale Solar Projects in Texas

    Retrieved on: 
    Wednesday, February 21, 2024

    This financing marked Societe Generale’s sixth transaction supporting Lightsource bp’s renewable energy projects in the USA.

    Key Points: 
    • This financing marked Societe Generale’s sixth transaction supporting Lightsource bp’s renewable energy projects in the USA.
    • This financing marked ING’s fifth transaction supporting Lightsource bp’s renewable energy projects in the USA.
    • This financing marked Lloyds Bank’s third transaction supporting Lightsource bp’s renewable energy projects in the USA.
    • Lightsource bp currently operates three solar projects in Texas: 260MW Impact, 163MW Elm Branch and 153MW Briar Creek Solar.

    Seroba Announces Above Target Final Close of its Fund IV at €123M ($134M)

    Retrieved on: 
    Thursday, February 1, 2024

    Seroba, a European life sciences venture capital firm headquartered in Dublin, with offices in Paris and Milan, announced today the final close of its Seroba Fund IV at €123M ($134M).

    Key Points: 
    • Seroba, a European life sciences venture capital firm headquartered in Dublin, with offices in Paris and Milan, announced today the final close of its Seroba Fund IV at €123M ($134M).
    • The Fund will target up to 12 investments and has, to date, invested in 5 companies: Perfuze, Sibylla Biotech, Deciphex, Complement Therapeutics and Artica Therapeutics.
    • Fund IV will focus on innovative early-stage investments in life sciences companies, predominantly in Western Europe, and selectively in North America, with a primary focus on biotech.
    • With a pan-European footprint, the Seroba team continues to assess a rich pipeline of investment opportunities in its focus areas.

    FlexJobs Announces the Top 100 Companies for Hybrid Jobs 2023

    Retrieved on: 
    Wednesday, September 13, 2023

    BOULDER, Colo., Sept. 13, 2023 /PRNewswire-PRWeb/ -- FlexJobs®, the leading career service specializing in remote and hybrid jobs, today announces the second annual Top 100 Companies for Hybrid Jobs 2023. The list details the companies that have had the most hybrid job postings in the last 12 months, and is based on an analysis of approximately 58,000 companies and their hybrid job posting histories in the FlexJobs database between September 1, 2022, and August 31, 2023. Recognized for having the highest number of hybrid job openings during this time period, the featured companies are considered strong prospects for hybrid job seekers. 

    Key Points: 
    • BOULDER, Colo., Sept. 13, 2023 /PRNewswire-PRWeb/ -- FlexJobs®, the leading career service specializing in remote and hybrid jobs, today announces the second annual Top 100 Companies for Hybrid Jobs 2023 .
    • Recognized for having the highest number of hybrid job openings during this time period, the featured companies are considered strong prospects for hybrid job seekers.
    • Top Companies for Hybrid Jobs in 2023:
      The 2023 list welcomed more than 50 newcomers, signaling the expanding number of employers joining the list of companies embracing hybrid work.
    • Robert Half International earned the number one spot on the Top 100 Companies for Hybrid Jobs 2023 list.

    Prominent Banking Figure, Mary Ann Scully, Joins Capital Bank’s Board of Directors

    Retrieved on: 
    Friday, July 14, 2023

    With her extensive experience and remarkable achievements in the banking industry, Ms. Scully brings valuable insights and a strong leadership acumen to the board.

    Key Points: 
    • With her extensive experience and remarkable achievements in the banking industry, Ms. Scully brings valuable insights and a strong leadership acumen to the board.
    • Prior to Howard Bank, Mary Ann held various senior positions at Allfirst Bank, where she played instrumental roles in regional banking, community banking, strategic planning, mergers and acquisitions, and international banking.
    • "Mary Ann Scully’s addition to our board of directors is a significant milestone for Capital Bank," said Ed Barry, CEO of Capital Bank.
    • "We are delighted to have Mary Ann Scully join our board of directors," commented Steve Schwartz, Chairman of the Board at Capital Bank.

    KBRA Assigns Preliminary Ratings to Portman Square 2023-NPL1 DAC

    Retrieved on: 
    Wednesday, July 12, 2023

    KBRA Europe (KBRA) assigns preliminary ratings to two classes of notes issued by Portman Square 2023-NPL1 DAC (Portman 2023, the Issuer), a static securitisation collateralised by a €576.3 million portfolio of primarily non-performing Irish residential mortgage loans.

    Key Points: 
    • KBRA Europe (KBRA) assigns preliminary ratings to two classes of notes issued by Portman Square 2023-NPL1 DAC (Portman 2023, the Issuer), a static securitisation collateralised by a €576.3 million portfolio of primarily non-performing Irish residential mortgage loans.
    • At the time of sale, servicing of the loans and legal title of the mortgage assets was transferred from AIB to Mars Capital Finance Ireland DAC (Mars, the Servicer).
    • In November 2021, the assets were sold to and securitised through Portman Square 2021-NPL1 (Portman 2021) and Lapithus Management DAC (Lapithus, the Servicer Consultant) was additionally appointed to provide certain monitoring services in relation to the mortgage portfolio.
    • As a result, the arranger is amending and restating the existing securitisation, redeeming the existing outstanding notes and issuing new notes backed by the remaining collateral, while the Issuer has been renamed Portman Square 2023-NPL1 DAC.

    Stonebridge Financial Announces New Leadership and Broadened Focus

    Retrieved on: 
    Tuesday, June 13, 2023

    Respected industry veterans to shepherd Stonebridge through its next chapter of growth, including additional "resilient credit" asset classes

    Key Points: 
    • Respected industry veterans to shepherd Stonebridge through its next chapter of growth, including additional "resilient credit" asset classes
      TORONTO, June 13, 2023 /CNW/ - Stonebridge Financial Corporation ("Stonebridge"), a preeminent Canadian financial institution and investment management firm in ESG-oriented private credit, is pleased to announce executive leadership changes and a broadened focus for a new era of expansion.
    • Cam joined Stonebridge in 2009 and has since held progressively senior positions, most recently as Executive Vice President.
    • Cam has over 35 years of industry experience including prior roles at Sun Life Financial, CIT Structured Finance/Newcourt Capital and Canada Life.
    • Stonebridge prides itself on high values of integrity, trust, and innovation, which form the cornerstone of its philosophy in delivering well-structured financial solutions for its stakeholders.

    UBL, One of the Largest Banks in Pakistan, Goes Live on Temenos to Power Digital Corporate Lending

    Retrieved on: 
    Wednesday, May 10, 2023

    With these banking capabilities integrated into Temenos digital banking platform, UBL can provide a smooth and seamless digital experience while enabling the bank’s corporate lending teams to access the right data at the right time to make quick, consistent and cost-effective credit decisions.

    Key Points: 
    • With these banking capabilities integrated into Temenos digital banking platform, UBL can provide a smooth and seamless digital experience while enabling the bank’s corporate lending teams to access the right data at the right time to make quick, consistent and cost-effective credit decisions.
    • Muhammad Faisal Anwar, Chief Information Officer, UBL, commented: “We are delighted to go live with corporate lending on Temenos digital banking platform.
    • Temenos is a leader in The Forrester Wave™: Digital Banking Processing Platforms for Corporate Banking, Q3 2022 .
    • Temenos was also recently named a ‘Global Power Seller’ and ‘Top Global Player’ based on Forrester’s Global Banking Platform Deals Survey 2022 .

    Temenos Launches Next-Generation AI-Driven Corporate Lending to Help Banks Tap Global Corporate Credit Growth

    Retrieved on: 
    Wednesday, January 18, 2023

    GENEVA, Switzerland, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) today launched the next generation of its AI-driven, Corporate Lending solution to enable banks to consolidate global commercial loan portfolios and unify servicing all on the Temenos banking platform.

    Key Points: 
    • Temenos Corporate Lending is available on Temenos Banking Cloud as SaaS or for deployment on-premise or any public or private cloud.
    • “Temenos is uniquely positioned to unify operations across commercial lending asset classes to help banks reduce costs and win new business.
    • Temenos continued expansion in the loan origination space offers banks the ability to capitalize on this growth with a compelling out- of- the box lending proposition.
    • This powerful end-to-end corporate lending solution, significantly enhances Temenos corporate banking offering and open up more opportunities with larger banks in servicing and origination.

    IT Ally Launches SMB Modernize™ in Partnership with CAST to Accelerate Application Modernization, Increase Enterprise Value and Reduce Risk

    Retrieved on: 
    Tuesday, January 17, 2023

    SMB Modernize™ includes a comprehensive set of services enabled by CAST , the software intelligence category leader, that can see inside custom applications with MRI-like precision, automatically generating intelligence about their inner workings.

    Key Points: 
    • SMB Modernize™ includes a comprehensive set of services enabled by CAST , the software intelligence category leader, that can see inside custom applications with MRI-like precision, automatically generating intelligence about their inner workings.
    • This allows SMBs and their investors to gain a complete view of risk and the modernization opportunity.
    • "Custom-built applications provide a competitive advantage to SMBs and run their critical business processes but could be overwhelming to keep up to date.
    • Their vast experience of technology challenges enables them to leverage software intelligence insights to help their clients make informed decisions and reduce risk while accelerating application modernization."