It’s official: Banco Galicia bought HSBC in Argentina for US$550 million

It’s official: Banco Galicia bought HSBC in Argentina for US$550 million

In this news HSBC will sell its business in Argentina for US$550 million to Grupo Financiero Galicia and Banco Galicia, which will become the first private financial entity in the country and the second in size behind Banco Nación, as reported to the markets. this morning The operation includes the sale of all HSBC Argentina … Read more

Banks Refuse to Monitor Gambling Behavior on Mobile Phones Despite Government Pressure

Banks Refuse to Monitor Gambling Behavior on Mobile Phones Despite Government Pressure

NOSGamble on mobile phone NOS Nieuws•vandaag, 06:50 Nik Wouters editor Economics Nik Wouters editor Economics Dutch banks will not help the government to set a gambling limit for customers. They want to protect the privacy of customers and do not want to monitor their gambling behavior. Minister Weerwind of Legal Protection had promised the House … Read more

“Swedbank” of Latvia will pay 244 million euros in dividends

“Swedbank” of Latvia will pay 244 million euros in dividends

The bank’s 2023 annual report states that a total of 244 million euros is planned to be paid in dividends from “Swedbank” last year’s profit of 235.598 million euros and the undistributed profit of the previous year, which amounts to 406.839 million euros. Thus, the retained earnings of the bank after the payment of dividends … Read more

Traffic disruptions in the Red Sea may hinder the reduction of interest rates, warns the Bank of Latvia

Traffic disruptions in the Red Sea may hinder the reduction of interest rates, warns the Bank of Latvia

Currently, sailing around southern Africa is a safe alternative with predictable costs and predictable delays. Demand, especially in the Eurozone, is also considered weak over the past year, which reduces the pressure on carriers. In addition, the level of inventories of eurozone companies is considered sufficient compared to historical levels, and companies have the opportunity … Read more

The chairman of the board of “Citadeles” resigns

The chairman of the board of “Citadeles” resigns

In a statement to the board, Okerblum expresses his gratitude for the six years spent at Citadele bank, during which the bank has achieved significant success, and states that it is not an easy decision, but he has decided to resign for personal reasons. Aiga Volksone, head of the Marketing and Corporate Communication Department of … Read more

Argentina Economy: Private Sector Credit Falls Amid Crisis and Rising Defaults – First Quarter Analysis

Argentina Economy: Private Sector Credit Falls Amid Crisis and Rising Defaults – First Quarter Analysis

In an economy in crisis, with default levels rising and fewer and fewer pesos on the street, credit to the private sector continues to fall. During the first quarter of the year, the stock of financing to the private sector grew only 20.3%, well below the inflation of the period, which will be around 50%. … Read more

Banks: Six day holiday – How payments and transactions are affected – 2024-04-05 23:07:58

Banks: Six day holiday – How payments and transactions are affected
 – 2024-04-05 23:07:58

His holiday brings changes to the transactions that banks will carry out Easterbut also the transfer of her holiday May Day. Specifically, due to the Easter holiday and the transfer of the May Day holiday to Tuesday, May 7, debt payments and remittances will be registered on the next working day, i.e. Wednesday, May 8. … Read more

Progress Update: Bogotá Metro’s First Line Designs Guaranteed, Consortium Confirms

Progress Update: Bogotá Metro’s First Line Designs Guaranteed, Consortium Confirms

The first line of the Bogotá Metro would be guaranteed, at least in what has to do with the stage of studies and designs of main details, and other studies. This was explained in a statement by the PLMB Supervisor Consortium, in charge of first-line auditing. This is in response to what was anticipated in … Read more

The profit of Latvian financial institutions continues to grow this year; earned 96 million euros in two months

The profit of Latvian financial institutions continues to grow this year;  earned 96 million euros in two months

Among them, monetary financial institutions worked with a profit of 47.2 million euros in February. The total amount of assets of monetary financial institutions on February 29, 2024 was 28.239 billion euros, which is 5.9% or 1.584 billion euros more than at the end of February 2023, when the assets of monetary financial institutions were … Read more