German solar developer Enerparc AG has obtained EUR 266 million in financing with the support of Stuttgard-based lender LBBW for the construction of a 400-MWp pipeline of ground-mounted solar projects at home. The financing package comprises EUR 216 million in...
Trade finance revenue reported by banks remained steady last year despite pockets of growth in some regions, as the industry looks set for a turbulent 2025 defined by the fallout from US President Donald Trump’s aggressive trade policies. Banks...
Benchmark overnight lending rate lowered to 2.75% amid Trump's tariffs. The Bank of Canada slashed its benchmark overnight rate Wednesday by 25 basis points as US tariffs raised uncertainties and fears in global trade. The key overnight lending rate now stands...
The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, following the withdrawal of some of the biggest banks and as the real economy falls short of more ambitious climate action. Shargiil Bashir,...
Moody’s has reaffirmed its negative outlook for Hong Kong’s banking sector, pointing to rising asset risks and mounting pressures on profitability. The credit ratings agency highlighted that asset risks remain elevated, driven by the weakening debt repayment capacity of property-related...
Baft (Bankers Association for Finance and Trade) has issued an updated version of its English law standard for trade loans to reflect “significant developments” in the market and regulatory landscape. The association’s Master Trade Loan Agreement (MLTA) provides a standard...
If Switzerland draws up regulation for its systemically important banks that is too onerous, it could make UBS, opens new tab consider leaving the country, the head of the Swiss Bankers Association (SBA) was quoted as saying on Tuesday. Switzerland...
Hong Kong’s locally domiciled public funds, including exchange-traded funds, saw net inflows jump 88% in 2024, driving their total assets up 22% year-on-year to HK$1.64 trillion (US$210.2 billion), as investor sentiment improved. The funds attracted HK$162.9 billion of inflows, up...
Its pre-provisioning operating profit fell 11%, however. The Metropolitan Bank and Trust Co (Metrobank) swa its net profit grew 14% year-on-year (YoY) to $838.38m (PHP48.1b) in 2024, in line with expectations by CGS International. The Philippine bank’s net income for the...
Loans to working capital fell but rose for facilities investment. South Korea’s depository corporations increased their industrial lending by $2.27b (KRW3.3t) in the fourth quarter of 2024, according to data from the Bank of Korea (BOK). Lending for working capital decreased...
