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On December 31, 2023, the assets of “Industra Bank” amounted to 255.455 million euros, which is 5.3% or 14.199 million euros less than at the end of 2022, when the bank’s assets were 269.654 million euros. The consolidated operating income of “Industra Bank” reached EUR 15.4 million last year, increasing by 21.9% compared to 2022. … Read more
UBS Announces New $2 Billion Share Repurchase Program UBS, one of the world’s leading financial institutions, has announced an ambitious share repurchase program worth up to $2 billion. This move demonstrates the bank’s strong confidence in its future prospects. With up to $1 billion expected to be repurchased this year, UBS is positioning itself for … Read more
Authors: Users have been complaining about the inability to log in to online banking for several hours. Today, April 1, a failure occurred in the operation of the mobile application of the virtual bank monobank. This was reported by the co-founder of the financial institution Oleg Horokhovskyi in a telegram. “They fell a little. Sorry”he … Read more
Riyadh – Mubasher: Fawaz Abdulaziz Al Hokair and Partners Company (Synomy Retail) turned to losses during 2023 on an annual basis. According to the company’s financial statements, issued on the Tadawul website today, Sunday, net losses amounted to 1.11 billion riyals, compared to profits amounting to 36.9 million riyals during the year 2022. The company … Read more
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The unemployment forecast is slightly increased for the near term due to weaker economic activity. For 2024, it has been increased to 6.5% and for 2025 – to 6.3%, while in 2026 the unemployment rate is expected to be at the previously forecasted level of 6.1%. The wage growth forecast has not been changed, the … Read more
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The bank states that a total of 12 million euros will be invested in the project. The power station will be located in “Purmaļi” of Priekuļi parish of Cēsi county. The project will be implemented on an area of 23 hectares. The power station will have a capacity of 19 megawatts (MW) and will have … Read more
Follow: Hisham Mukhana China’s long-running real estate downturn has eroded the balance sheets of the country’s largest state banks, with their bad loans on the rise. The Bank of Communications reported, on Wednesday, that the percentage of bad real estate loans jumped to 4.99%, at the end of last year 2023, from 2.8% in the … Read more
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The bank, together with the Estonian central bank and the postal service company Omniva, is holding a campaign encouraging people to reduce the amount of euro coins in circulation. Basically, the promotion is focused on one and two euro cent coins, however coins of other denominations are also accepted. During the promotion, SEB offers its … Read more
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Hare will be responsible for operational compliance, money laundering and countering the financing of terrorism (AML). The bank states that Zaķis has been working in the banking sector for more than 25 years, performing various functions in the field of legal, compliance and AML. Zaķis joined the “Industra Bank” team in 2020, and before being … Read more
Dubai – Mubasher: The subscription period for “Parkin” shares on the Dubai Financial Market ends tomorrow, Tuesday, for individual investors in the UAE. According to company data, the subscription period for “Parkin” shares on the Dubai Financial Market for qualified investors continues until March 13. Each subscriber in the first tranche is guaranteed a minimum … Read more