Credit line

Germany wants to increase gas trading center credit line to 20 billion euros – document

BERLIN, Nov 21 (Reuters) – Germany wants to provide an additional 5 billion euros ($5.1 billion) credit to the national gas market exchange center to enable forward sales of storage facilities gas, according to a Finance Ministry document seen by Reuters. . This brings the total amount of credit for Trading Hub Europe (THE) to […]

Credit risk

Provenir Recognized as Best Credit Risk Solution in Credit & Collections Technology Awards for Second Consecutive Year

This distinction underscores the importance of data and AI-powered risk decision-making to strengthen fraud prevention, improve credit risk management and automate decisions throughout the credit lifecycle. customer. PARSIPPANY, NJ, November 21, 2022–(BUSINESS WIRE)–Provenir, a global leader in AI-powered risk management software for the fintech industry, today announced that it has been named the winner of […]

Credit line

Boulder’s Biodesix Offers New Shares to Strengthen Credit Line

Biodesix Inc. (Nasdaq: BDSX), a life sciences company specializing in the development of tools for detecting lung diseases, has launched a new public offering of 30.5 million shares to meet the terms of a new $50 million line of credit with a healthcare investment company. The company plans to raise $35.1 million with its public […]

Credit risk

Guarantee of credit risk: the orientation of the dynamic intervention of NIRSAL to facilitate the financing of agriculture

NIRSALE Agriculture continues to be a fundamental instrument for sustainable development and poverty reduction (World Bank, 2008); Yet financial constraints within the agricultural sector remain pervasive and costly, while scarce available resources are distributed inequitably, severely limiting the ability of smallholder farmers to produce and compete in a globalized market. The Central Bank of Nigeria […]

Financial credit

Vicki Roscoe Erickson of TopLine Financial Credit Union

MAPLE GROVE, Minn., Nov. 16, 2022 (GLOBE NEWSWIRE) — Twin Cities Member-Owned Co-op TopLine Financial Credit Union’s Senior Vice President of Marketing and Communications has been named one of the 2022 Twin Cities Business Notable Marketing Leaders. A full list of nominees is available online at Twin Towns Byouwickedness. As Senior Vice President of Marketing […]

Financial credit

TopLine Financial Credit Union’s Vicki Roscoe Erickson named Twin Cities Business 2022 Notable Marketing Leader

TopLine Financial Credit Union Erickson Awarded Best-in-Class Executives Vicki Erickson awarded best-in-class executives Vicki Erickson awarded best-in-class executives MAPLE GROVE, Minn., Nov. 16, 2022 (GLOBE NEWSWIRE) — Twin Cities Member-Owned Co-op TopLine Financial Credit Union’s Senior Vice President of Marketing and Communications has been named one of the 2022 Twin Cities Business Notable Marketing Leaders. […]

Credit line

Shelter Afrique approves an additional $13 million line of credit for Mixta Africa

Pan-African housing development financier Shelter Afrique has approved a $13 million line of credit to Lagos-based real estate company, Mixta Real Estate PLC. The 5-year facility with a 24-month moratorium has been structured to finance the group’s ongoing real estate projects in Côte d’Ivoire, Senegal and Morocco. According to a press release, the $13 million […]

Credit risk

Rebuildingsociety “significantly” modifies credit risk processes

Rebuildingsociety has “significantly” changed its credit risk processes to account for the risks affecting businesses in the current climate. The peer-to-peer lending platform said it was continuing to lend – and added a new public lending last month – but suggested it would take a more cautious approach to new lending going forward. In October […]

Financial credit

KBRA Assigns Preliminary Ratings to Mercury Financial Credit Card Master Trust Series 2022-3

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to four classes of notes issued by Mercury Financial Credit Card Master Trust, Series 2022-3 (“MFCCMT 2022-3”), an asset-backed credit card securitization issued by Mercury Financial Credit Card Master Trust Trust (“Master Trust”). The MFCCMT 2022-3 Notes are collateralized and repaid by a portfolio of general purpose revolving credit […]

Financial credit

Pathways Financial Credit Union Donates $2,500 to United Way’s Supplies for Scholars Program

Press release – November 10, 2022 1:00 PM EST DELAWARE, Ohio, Nov. 10, 2022 (Newswire.com) – Pathways Branch Manager Toni Morrison and Pathways Business Development Specialist Max Bennett presented United Way of Delaware County staff with a check for $2,500 to help purchase items for the Supplies for Scholars program. The United Way Supplies for […]

Credit line

Freshfields advises on an 800 million euro credit line for Vitesco Technologies Group

New November 10, 2022 Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) advised a consortium of banks on an €800 million ESG-related Revolving Credit Facility (RCF) for Vitesco Technologies Group AG (“Vitesco Technologies”) ). The funding was secured by Deutsche Bank (Facility Agent), ING Bank (Documentation Agent), JP Morgan SE, LBBW (ESG Coordinator) and UniCredit […]

Credit risk

Investment manager streamlines credit risk assessment

Global inflation, ongoing supply chain issues and a war between Russia and Ukraine are just some of the issues facing investment managers in APAC and around the world. Commercial real estate (CRE) is particularly vulnerable following the negative impacts of the COVID-19 pandemic. On the office side alone, a new balance has yet to emerge […]

Credit risk

Coinbase appeases investors worried about credit risk and FTX token exposure

(Reuters) – Cryptocurrency exchange Coinbase Global Inc has assured investors of minimal exposure to privateer rival FTX after concerns over the latter’s finances dragged its digital coin FTT to its lowest level since early 2021. “Coinbase and our customers do not bear any direct liquidity or credit risk,” chief financial officer Alesia Haas wrote in […]

Credit line

Seylan Bank to support small tea producers through AfDB line of credit

Seylan Bank has become one of the participating financial institutions in a program set up by the Asian Development Bank (AfDB) and the Ministry of Finance to develop smallholder tea farmers on the island. The AfDB, through the Project Management Unit of the Development Finance Department (DFD) of the Ministry of Finance, has offered a […]

Financial credit

JM Financial Credit Solutions Autonomous Net Income Increases 21.65% in September 2022 Quarter

Trade standard Sales fell by 4.44% to Rs 281.47 crore JM Financial Credit Solutions‘ net profit increased by 21.65% to Rs 91.04 crore in the quarter ended September 2022 from Rs 74.84 crore in the previous quarter ended September 2021. […]

Financial credit

Wings Financial Credit Union to Acquire Settlers Bank

Transaction expands Wings into Wisconsin APPLE VALLEY, Minnesota, November 04, 2022–(BUSINESS WIRE)–Wings Financial Credit Union and SB Bancorp, Inc., the holding company of Settlers Bank, today announced that the two organizations have reached an agreement for Wings to acquire the bank, including their three branches in Appleton, Madison and Windsor, Wisconsin. The transaction, which requires […]

Credit risk

Why it is beneficial to standardize credit risk processes

Although regulations are designed to simplify compliance processes and minimize credit risk, the pace of change in the world of financial services is so rapid that it can be difficult to stay on top of these changes. IFRS 9 is an example. Since its inception four years ago, we have suffered from a global pandemic, […]

Credit risk

Korea’s sovereign credit risk level at highest in five years

Korea’s credit default swap (CDS) premium hit its highest level in five years on Oct. 31. The credit default swap (CDS) premium on the five-year Foreign Exchange Stabilization Bond (EFSB) issued by the South Korean government rose 4 basis points to 70 on October 31, the highest since November 14, 2017. The figure […]

Financial credit

Help for TopLine Financial Credit Union Members and Employees

MAPLE GROVE, Minn., Nov. 01, 2022 (GLOBE NEWSWIRE) — TopLine Financial Credit The Union’s annual Personal Care Drive held during the month of September benefited three local non-profit organizations, Avenues for young people, Keystone Community Services and Union Gospel Mission Twin Cities. Top line Members and employees generously donated a variety of personal care items […]