Tag: Banking

Nigerian banks
Africa

Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

-Emmanuel Abara Benson Nigerian banks have until April 2026 to recapitalize, as recently mandated by the Central Bank of Nigeria (CBN). Already, some of them have submitted their recapitalization plans, and it appears they are resorting to the capital market to raise money through right issues, private placements, and public offers. GTCO Plc is among the first to launch a public offer, seeking to raise … Continue reading Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

Impact Newswire
nu
Global

After reaching 100 million customers, Nubank aims to attract talents aligned with its mission

Aug 20 , 2024 – The company announces open positions and emphasizes the career building advantages of joining the team São Paulo, August 20, 2024 – Nubank, the world’s largest digital banking platform outside of Asia, has reached 100 million customers in just 11 years. The company focuses on attracting professionals who resonate with its culture and mission as part of this ongoing evolution. Consequently, over … Continue reading After reaching 100 million customers, Nubank aims to attract talents aligned with its mission

Impact Newswire
Zindi
Africa

Zindi and RMB reinvent CPI nowcasting with community-first machine learning

Zindi and Rand Merchant Bank (RMB) joined forces in a 9-month endeavor known as the RMB CPI Nowcasting Grand Challenge. The objective was to leverage alternative datasets for predicting CPI one month ahead, a critical need for financial institutions to guide lending and investment decisions. The competition garnered participation from over 1500 data scientists across 86 countries, showcasing global interest and talent in the field, … Continue reading Zindi and RMB reinvent CPI nowcasting with community-first machine learning

Impact Newswire
World Bank Group
United States

Investors Support Amazon Reforestation Through Record Breaking USD 225 Million World Bank Outcome Bond

Increasing number of private investors support outcome bonds which link financial return to measurable and impactful development outcomes WASHINGTON, August 13, 2024 — The World Bank (International Bank for Reconstruction and Development, IBRD) today priced a 9-year USD 225 million, principal-protected Amazon Reforestation-Linked Bond. The largest World Bank outcome bond ever priced provides investors with a coupon that includes a fixed guaranteed component and a variable … Continue reading Investors Support Amazon Reforestation Through Record Breaking USD 225 Million World Bank Outcome Bond

Impact Newswire
KeyCorp
United States

KeyCorp Receives Strategic Minority Investment from Scotiabank

08/12/2024 Opportunistic capital raise on attractive terms Accelerates capital and earnings improvement; capital raise estimated to result in pro forma CET1 of 12.4% Further strengthens Key’s capacity for growth  CLEVELAND, Aug. 12, 2024 /PRNewswire/ — KeyCorp (NYSE: KEY) today announced it has reached an agreement under which The Bank of Nova Scotia (“Scotiabank”) (TSX: BNS) (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% … Continue reading KeyCorp Receives Strategic Minority Investment from Scotiabank

Impact Newswire
FRB
United States

Federal Reserve Board announces approval of application by Bank7

The Federal Reserve Board on Thursday announced its approval of the application by Bank7, located in Oklahoma City, Oklahoma, to establish a branch at 4003 East 51st Street, Tulsa, Oklahoma. For media inquiries, please email [email protected] or call (202) 452-2955. Order (PDF) Source : Federalreserve Post Views: 131 Continue reading Federal Reserve Board announces approval of application by Bank7

Impact Newswire
Access Bank
Africa

Access Bank Joins NGX to Launch Impact Board

Jul 22, 2024 Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated platform for listing sustainability instruments to integrate sustainability into the core of Nigeria’s capital market. The event, marked by the attendance of high-profile stakeholders, including the Minister of Environment, Balarabe Lawal, and the Director-General of … Continue reading Access Bank Joins NGX to Launch Impact Board

Impact Newswire
Access Bank Challenge Cup -2024
Africa, Impact Newswire Exclusive, Untied Kingdom

Impacting lives, Access Bank Raises Millions to aid UNICEF in building schools

Date : July 22, 2024 Access Bank UK annual Challenge Cup day at Guards Polo Club Windsor announces more expansion and capital growth As it prepares to host its’ annual Access Bank Polo Day at Guards Polo Club Windsor on Saturday 20 July The Access Bank UK Limited has posted annual results that demonstrate another year of outstanding international growth. It was notable for the rapid progress … Continue reading Impacting lives, Access Bank Raises Millions to aid UNICEF in building schools

Impact Newswire