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 […]

Credit line

OIG refuses to impose sanctions on health system line of credit

On September 6, 2022, the Office of Inspector General (OIG) issued Advisory Opinion 22-17 (Advisory Opinion), in which it declined to impose sanctions against a nonprofit regional health care system. lucrative 501(c)(3). which operates four hospitals (health system) and one clinic that provide services in geographic areas that have been designated as medically underserved areas […]

Credit risk

Moody’s downgrades Vedanta Resources to ‘B3’ implying high credit risk

Global ratings agency Moody’s on Monday downgraded the corporate family rating (CFR) of Vedanta Resources Limited (VRL) from “B2” to “B3”, reflecting high credit risk. VRL’s continued low liquidity and high refinancing needs with large and impending debt maturities constitute relevant credit risk, particularly in an environment of rising inflation and higher interest rates, […]

Credit line

$13.5m AfDB Line of Credit to Support Working Capital Needs of Crisis-Hit MSMEs – Business News

Micro-small and medium enterprises owned/led by women are known to be an important source of employment and poverty alleviation in Sri Lanka AfDB agrees to reallocate US$13.5m line of credit to support working capital needs of MSMEs Finance Ministry says SL cannot apply for new AfDB loans due […]

Credit line

NMB secures US$10m line of credit -Newsday Zimbabwe

NMB Bank FINANCIAL services company, NMB Bank, received a $10 million line of credit from the Eastern and Southern Trade and Development Bank (TDB) to finance exporters. Over the past year, the institution has mobilized crucial lifelines to strengthen Zimbabwe’s productive sector. NMB Bank says it relied on its strong international shareholder profile to secure […]

Financial credit

Pocketnest Partners with Community Financial Credit Union | Company

Fintech releases 80,000 members at 13 Michigan branches DETROIT, Oct. 26, 2022 /PRNewswire/ — Pocketnest, the women-founded financial wellness platform, today announces its new financial partner, Community Financial Credit Union (CFCU) of Michigan. “Community Financial’s purpose is to create joy and ignite Michinganders’ impossible dreams. Pocketnest aims to improve the financial well-being of our communities […]

Financial credit

Pocketnest partners with Community Financial Credit Union

Fintech releases to 80k members in 13 Michigan branches DETROIT, October 26, 2022 /PRNewswire/ — Pocketnest, the women-founded financial wellness platform, today announces its newest financial partner, Community Financial Credit Union (CFCU) of Michigan. “Community Financial’s purpose is to create joy and ignite Michinganders’ impossible dreams. Pocketnest aims to improve the financial well-being of our […]

Credit line

Morocco abandons bond issuance for IMF credit line: minister

By Ahmed Eljechtimi RABAT, October 25 (Reuters) – Morocco has not issued an international bond this year due to market volatility and rising interest rates, opting instead for a line of credit from the International Monetary Fund to shore up public finances, it said on Tuesday. the Minister of Finance. The last time Morocco issued […]

Financial credit

Pathways Financial Credit Union Announces $1,000 Donation to New Albany Food Pantry

Press release – October 25, 2022 11:00 a.m. EDT NEW ALBANY, Ohio, Oct. 25, 2022 (Newswire.com) – Miriam Kroeker, Pathways Branch Manager, and Max Bennett, Pathways Business Development Specialist, presented New Albany Pantry Manager Jennifer Wilcoxon with a check for $1,000 to help purchase food for families in the need. There has been an 82% […]

Financial credit

121 Financial Credit Union: Targeting the Small Business Niche | Jax Daily Record | Jacksonville Daily Record

When a small group of Southern Bell employees formed the Florida Telco Credit Union in January 1935 with $155 in initial deposits, they probably had no idea of ​​the growth of the nonprofit financial institution over the next 87 years. With more people joining the telephone company and its equipment suppliers, as well as some […]

Credit line

AfDB approves $25m line of credit for FSDH Merchant Bank

The Board of Directors of the African Development Bank (AfDB) Group has approved a $15 million trade finance line of credit and a $10 million transaction guarantee for FSDH Merchant Bank. The AfDB Country Department in Nigeria made this known in a statement by Chukwuemeka Ezekiel yesterday. According to the statement, FSDH will use the […]

Credit line

Flexport Juice Trade Finance Program with $200M Line of Credit from KKR

Flexport Capital, the trade finance arm of third-party logistics provider Flexport, announced Thursday that it has secured a $200 million credit facility from insurance accounts managed by global investment firm KKR to support the expansion. geography continues and the development of more financial products. Flexport’s suite of financial services provides importers and exporters with access […]

Credit line

Sri Lanka secures long-term credit line from Russia for fuel

* Sri Lanka secures long-term credit line from Russia for fuel Wednesday, October 19, 2022, 9:09 p.m. SL time, ColomboPage News Desk, Sri Lanka. 19 October, Colombo: The Sri Lankan Embassy in Moscow announced that a fruitful discussion had taken place with the Government of the Russian Federation on the possibility of obtaining a long-term […]

Credit risk

21 banks report credit risk trading has returned to pre-pandemic levels, according to new ICC Trade Register 2022 reports

The ICC Commercial Register confirms that credit risk in trade, supply chain and export finance is falling back to pre-pandemic levels. The International Chamber of Commerce (ICC) – together with its partners Global Credit Data (GCD) and Boston Consulting Group (BCG) – has released its 2022 Commerce Registry Report, confirming that credit risk in commerce, […]

Financial credit

Pathways Financial Credit Union Announces $5,000 Donation

COLUMBUS, Ohio, Oct. 18, 2022 (GLOBE NEWSWIRE) — Residents of the Heinzerling Community in Columbus will be able to enjoy new outdoor wheelchair-accessible water and sand sensory tables, thanks to a check for $5,000 presented to Robert Heinzerling, Executive Director of the Heinzerling Community, by Max Bennett, Pathways Business Development Specialist, and Chad Fields, Pathways […]

Financial credit

Pathways Financial Credit Union Announces $5,000 Donation

COLUMBUS, Ohio, Oct. 18, 2022 (GLOBE NEWSWIRE) — Residents of the Heinzerling Community in Columbus will be able to enjoy new outdoor wheelchair-accessible water and sand sensory tables, thanks to a check for $5,000 presented to Robert Heinzerling, Executive Director of the Heinzerling Community, by Max Bennett, Pathways Business Development Specialist, and Chad Fields, Pathways […]

Credit risk

Provenir Named Finalist for Best Credit Risk Solution and Best Compliance & Regulatory Technology Solution in the Credit & Collections Technology Awards

Provenir’s AI-powered decision platform enables organizations to unlock the true value of data, combining universal access to data with simplified AI and real-time automated decision-making PARSIPPANY, NJ, October 18, 2022–(BUSINESS WIRE)–Provenir, a global leader in AI-powered risk management software for the fintech industry, today announced its status as a finalist in the “Credit Risk Solution” […]

Credit line

OFW line of credit pushed to Congress

Read this in the Manila Times digital edition. CITY OF BACOOR, Cavity: Cavite Second District Representative Lani Mercado-Revilla lobbied for the creation of a credit assistance program for Overseas Filipino Workers (OFW) through House Bill (HB) 3378. The bill aims to protect new hires in particular from indebtedness and loan sharks before they leave the […]

Credit line

Morocco Set to Ditch Bond Market Yield, Could Use IMF Credit Line

(Bloomberg) — Morocco is set to suspend a planned sovereign bond issue this year and may use its line of credit with the International Monetary Fund instead, according to a person with knowledge of the matter, as the government seeks a cheaper solution. way to pay off debt maturing in December. Bloomberg’s Most Read The […]

Credit risk

Blackline adds credit risk assessment to the platform

Noting that companies are increasingly concerned about their cash flow metrics, the financial operations management platform black line added new features that give organizations real-time insight into the risk profile and behavior of their customers. The new Customer Attractiveness Scoring feature uses insights gained from the cash collection and handling process to help businesses identify […]

Financial credit

Pathways Financial Credit Union Announces $3,000 Donation

SPRINGFIELD, Ohio, Oct. 13, 2022 (GLOBE NEWSWIRE) — Pathways Financial Credit Union Director of Business Services and Development Kraig Casey and Springfield Branch Manager Penny Russell introduced Julie Rose, HR and Administrative Coordinator of Project Woman, a check for $3,000 to help fund the organization’s services and programming. “Pathways is always looking for ways to […]

Financial credit

Generation USA and 121 Financial Credit Union Partner for Credit Union Member Services Specialist Program

The free, fully online course will give students the opportunity to interview Generation USA partner employees. JACKSONVILLE, Fla., Oct. 12, 2022 (GLOBE NEWSWIRE) — Generation USA and the League of Southeastern Credit Unions and Affiliates have partnered with 121 Financial Credit Union through Generation USA’s Credit Union Member Services Specialist Program, part of the Southeastern […]

Credit line

NextPlay’s NextBank Secures $200,000,000 Revolving Line of Credit

NextPlay Technologies, Inc. Positions Bank to grow online banking and loan processing businesses SUNRISE, FL, Oct. 11, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — NextPlay Technologies, Inc. (Nasdaq: NXTP)a native digital ecosystem for finance, digital advertisers and video gamers, today announced that NextBank InternationalInc. (“NextBank”), the international banking unit of the fintech division of NextPlay, […]

Credit risk

Interest rate hikes increase credit risk of being a woman, says expert

Pipeline Equity CEO Katica Roy joins Yahoo Finance Live to explain how Fed interest rate hikes disproportionately impact women. Video transcript SEANA SMITH: The latest employment figures are out and they show a huge disparity between men and women in the labor force. 10 million more men than women are employed and 17 million fewer […]

Financial credit

Power Financial Caisse Populaire Announces Matching Gift Challenge to Support Local Veterans

South Florida Honor Flight Power Financial Credit Union deeply appreciates our military community, so it is an absolute privilege for us to partner with Honor Flight South Florida to support our local veterans. PEMBROKE PINES, Fla. (PRWEB) October 06, 2022 As Veterans Day approaches, Power Financial Credit Union (PFCU) is proud to launch a […]

Credit line

AfDB approves $25 million line of credit for FSDH Merchant Bank

The Board of Directors of the African Development Bank (AfDB) Group has approved a $15 million trade finance line of credit and a $10 million transaction guarantee for FSDH Merchant Bank. The AfDB Country Department in Nigeria made this known in a statement by Chukwuemeka Ezekiel yesterday. According to the statement, FSDH will use the […]

Credit line

eclg: the government strengthens the line of credit for airlines

The government has expanded the scope of the Emergency Line of Credit Guarantee Scheme (ECLGS) to improve eligibility for the maximum loan amount for airlines under ECLGS 3.0. The change will allow cash-strapped airlines like SpiceJet, Go First to get more unsecured loans under the scheme. Alarmed by the poor financial condition of Indian airlines, […]

Credit risk

Diversify your portfolio with high-quality bond ETFs with less credit risk

With inflation persisting, the chances of the Federal Reserve deviating from its aggressive monetary tightening are slim. While the Fed is expected to continue raising interest rates, analysts expect the economy to be heading for a hard landing. Even Fed Chairman Jerome Powell suggested it last month. As the two-year Treasury yield climbs to 4%, […]

Financial credit

Financial One Credit Union joins Magnifi Financial Credit Union

Merger with Magnifi Financial benefits members with improved service and value, access to more branches MELROSE, Minnesota, October 04, 2022–(BUSINESS WIRE)–Magnifi Financial, a full-service community credit union offering retail and commercial banking and wealth management services, announced that it has merged with Financial One Credit Union, a member-owned and controlled financial cooperative , effective October […]

Financial credit

Financial One Credit Union joins Magnifi Financial Credit Union

MELROSE, Minnesota–(BUSINESS WIRE)–Magnifi Financial, a full-service community credit union offering retail and commercial banking and wealth management services, announced that it has merged with Financial One Credit Union, a member-owned and controlled financial cooperative , effective October 1, 2022. The syndicate was approved by the boards of Magnifi Financial and Financial One, as well as […]

Credit risk

ENUIT ANNOUNCES ENTRADE FOR INTEGRATED CREDIT RISK MANAGEMENT

ENUIT’S ENTRADE – ROBUST CREDIT FUNCTIONALITY IN AN ETRM/CTRM SOLUTION HOUSTON, TX, USA, Oct. 4, 2022 /EINPresswire.com/ — Credit risk is once again front and center as companies are forced to reassess their credit risk systems and business processes. With rising commodity prices, counterparty default is seen as increasingly likely. ETRM/CTRM systems can help manage […]

Credit line

India and Maldives seal pact on $100m line of credit for infrastructure projects

India continues to support the long-term development and progress of the Maldives as the two countries on Sunday exchanged an agreement for a $100 million line of credit (LOC) to aid and facilitate key infrastructure projects in courses in the island nation. India also handed a rapid launch to Maldives Correctional Services with the help […]

Financial credit

Pathways Financial Credit Union Receives Generous Donation for US Soldiers

Socks For Soldiers & Pathways Financial Credit Union Partner to Donate Personal Care Items and Socks to U.S. Soldiers Serving Overseas Press release – September 26, 2022 12:00 PM EDT COLUMBUS, Ohio, Sept. 26, 2022 (Newswire.com) – Over the past few weeks, Pathways Financial Credit Union has organized and donated a drive for various items […]

Credit risk

Credit Risk Management Solution of the Year: Moody’s Analytics

Moody’s Analytics won the award for Credit Risk Management Solution of the Year, in recognition of its continued delivery of a suite of best-in-class credit risk management solutions. It responded to investors’ growing need to remain alert to potential defaults amid rising interest rates, high inflation, the Russian-Ukrainian war and the crisis in China’s real […]

Credit risk

2-Day Virtual Course in Credit Risk Measurement and Management: October 17-18, 2022 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Training “Measurement and management of credit risk” has been added from ResearchAndMarkets.com offer. The course will give you detailed knowledge of credit risk management and the techniques used. You will learn how to estimate and use the central parameters of credit risk: PD, EAD, LGD and WCDR. You will also learn how they are […]

Credit risk

BSP extends lower credit risk weighting for MSME lending

Lawrence Agcaoili – The Filipino Star September 26, 2022 | 00:00 MANILA, Philippines — The validity of the lower credit risk weight for loans to micro, small and medium-sized enterprises (MSMEs) has been extended for another six months to further encourage banks to lend more to the hard-hit sector. COVID-19 pandemic, according to the Bangko […]

Financial credit

Pathways Financial Credit Union is proud to serve Springfield | Company

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Financial credit

Pathways Financial Credit Union is proud to serve Springfield

Press release – Sep 22, 2022 SPRINGFIELD, Ohio, Sept. 22, 2022 (Newswire.com) – Pathways Financial Credit Union, one of Central Ohio’s fastest growing credit unions, recently renovated and opened a new branch at 1850 S. Limestone Street in Springfield. Formerly a PNC Bank location, the upgraded branch offers essential services like a completely renovated service […]

Credit line

Financial Products Group Co., Ltd. enters into a committed line of credit agreement

Financial Products Group Co., Ltd. announced that it had decided to enter into the committed line of credit agreement on September 22, 2022. FPG has entered into committed line of credit agreements and overdraft agreements with financial institutions to enable the flexible supply of funds for project arrangement in the leasing fund business and product […]

Credit risk

Christopher & Banks Corporation – tracking credit risk early warning signals

This article is written and published by S&P Global Market Intelligence; an independent division of S&P Global Ratings. S&P Global Ratings does not contribute to or participate in the creation of credit ratings generated by S&P Global Market Intelligence. Lowercase nomenclature is used to differentiate S&P Global Market Intelligence PD credit model scores from credit […]

Credit line

Nigeria: Shelter Afrique approves a $19.5 million line of credit to a Nigerian company for affordable housing

Shelter Afrique has granted a line of credit of $19.5 million to the real estate company Mixta Real Estate PLC based in Lagos The 7-year facility with a 24-month moratorium was structured to co-finance investments in Mixta’s affordable residential projects and for debt refinancing Of this amount, US$9.75 will be used to co-finance 1,171 affordable […]

Financial credit

Pathways Financial Credit Union engages with young Kiwanis in the Northwest | Company

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Credit risk

Job: Credit Risk Manager at Alert Microfinance Bank

Location: Lagos Island, Lagos job description Perform risk assessment of all loan applications and recommend approval as appropriate.Improve and implement a culture of risk management within the Bank.Liaise with Head of Department to send relevant reports to regulators i.e. CBN and others.Ensure that the Bank remains compliant with local regulations and internal policy requirements.Perform a […]

Credit line

Mount Logan Capital Inc. extends line of credit to fund seed investment in new interval fund – Bollyinside

TORONTO, September. February 19, 2022 (News) – Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan”, “us”, “we” or “the Company”) is pleased to announce that its subsidiary, MLC US Holdings LLC ( “MLC US Holdings”), is the Borrower and has entered into an addendum (“First Schedule”) to the existing Loan Agreement dated August 20, 2021 […]

Credit risk

Apple Card’s credit risk manager leaves for X1 credit card startup

Apple’s head of credit risk for the Apple Card, Abhi Pabba, has left the company. Pabba, who worked at Apple’s office in Austin, Texas, will join California-based credit card company X1 starting next week as chief risk officer, according to X1 CEO Deepak Rao. Pabba specializes in credit and risk assessment. Prior to Apple, he […]

Financial credit

The city obtains the highest possible financial credit rating of AAA

Read S&P’s 2022 Credit Rating Report for Guelph Guelph, ON, September 14, 2022 – Today the City of Guelph was awarded the highest possible independent credit rating of AAA by S&P Global Ratings. This rating reflects the City’s commitment to the long-term financial sustainability and resilience of Guelph’s local economy. “This AAA credit rating – […]

Credit line

Citi increases Home Credit line of credit

HC Consumer Finance Philippines Inc. (Home Credit) said on Wednesday that Citi Philippines, the country’s largest foreign bank by assets, increased its credit facility to the consumer finance company to 820 million pesos per compared to the 420 million pesos approved and drawn down last May. “This increase in the Social Finance Facility by Citi […]

Credit line

Renewable energy producer Axpo receives a 4.16 billion euro line of credit from the Swiss government to prepare for the European energy crisis

Image source: Axpo The Swiss company Axpo, the country’s largest renewable energy producer, announced on Tuesday (September 6th) that it had received a credit line of up to 4 billion Swiss francs (4.16 billion euros) from the Swiss government. Axpo’s board and senior management applied for a credit line on September 2. The company now […]

Financial credit

iTHINK Financial Credit Union Signs Contract for Black Knight Empower LOS to Drive Growth and Provide Exceptional Member Experience | Company

iTHINK Financial Chose Black Knight Empower Loan Origination System (LOS) to Help Drive Continued Business Growth The credit union specifically chose Empower for its scalability and to help automate time-consuming manual processes iTHINK Financial will also use several other Black Knight origination solutions fully integrated into the Empower ecosystem JACKSONVILLE, Fla., Sept. 13, 2022 /PRNewswire/ […]

Financial credit

iTHINK Financial Credit Union Signs Contract for Black Knight Empower LOS to Help Drive Growth and Provide Exceptional Member Experience

iTHINK Financial Chose Black Knight Empower Loan Origination System (LOS) to Help Drive Continued Business Growth The credit union specifically chose Empower for its scalability and to help automate time-consuming manual processes iTHINK Financial will also use several other Black Knight origination solutions fully integrated into the Empower ecosystem JACKSONVILLE, Florida., September 13, 2022 /PRNewswire/ […]

Credit line

Chilean fintech Xepelin secures $140m line of credit from Goldman Sachs

Chilean financial services platform Xepelin has received a $140 million line of credit from US multinational Goldman Sachs, the largest fintech credit facility to date. Xepelin secures $140 million line of credit from Goldman Sachs The line of credit, denominated in Mexican pesos, is designed to help fund further expansion in Mexico, Bloomberg reports, and […]

Credit risk

Preferred US banks: lower complexity than credit risk

canbalci By Andrew C. Arbesman, CFA, CPA Preferred US banks offer investors attractive risk-adjusted returns relative to similarly rated credit. We remain confident in the soundness of the financial system and maintain a constructive view of banking sector credit sector. Banks learned painful lessons during the financial crisis and have been de-risking their balance sheets […]

Financial credit

AZ Big Media Desert Financial Credit Union is on Forbes list of Best in State

Desert Financial Credit Union has been named to the Forbes list of the State’s Best Credit Unions 2022. Forbes, in partnership with industry statistics and rankings provider Statista Inc., has identified America’s Best Credit Unions based on an independent survey of approximately 26,000 US consumers who were asked to assess credit unions in which they […]

Credit line

WAAREE obtains a credit line of 500 Cr for solar projects

Strong points : SBI’s Rs 500 cr line of credit for unsecured financing could be a big step forward for a better understanding of solar financing for the banking sector as a whole. WAAREE Energies, India’s largest solar panel manufacturer, has reached an agreement with the State Bank of India (SBI) to avail unsecured financing […]

Financial credit

Help for TopLine Financial Credit Union Members and Employees

MAPLE GROVE, Minn., Sept. 07, 2022 (GLOBE NEWSWIRE) — TopLine Financial Credit Union’s 19e The annual school supply drive benefited local nonprofits, Avenues for Youth, Community Emergency Assistance Programs (CEAP), and Keystone Community Services. TopLine members and employees generously donated a variety of school supplies, including notebooks, binders, crayons, pencils, calculators, USB drives, backpacks and […]

Credit risk

In-depth analysis of the credit risk scoring software market

We have published a new market study on the global credit risk scoring software market with more than 100 market data tables, circular chat, graphs and figures spread over pages and easy to understand detailed analysis . Currently, the market is expanding its presence. The research report presents a comprehensive assessment of the market and […]

Financial credit

Sagicor Financial credit ratings under scrutiny

Head office of Sagicor FInancial Company at the Cecil F De Caires Building in St Michael, Barbados. Sagicor Financial Company Limited (SFC) and its subsidiaries had their credit ratings placed on watch and reviewed by Fitch Ratings and AM Best, respectively, following the announcement of its intention to acquire the Canadian individual life insurer mid-market […]

Credit line

Regarding the intention of AB “Ignitis grupė” to take a credit line of 75 million euros

FREE alerts on the latest news from StreetInsider.com! StreetInsider.com Top Tickers, 09/18/2022 September 6, 2022 9:05 a.m. EDT Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. AB “Ignitis grupė” (hereinafter – the Group) informs that on September 6, 2022, the Group Management Board approved the intention to enter into a […]

Credit risk

Why should the Basel Committee review the SA-CCR?

The Basel Committee on Banking Supervision (BCBS) Standardized Approach to Counterparty Credit Risk (SA-CCR) has been introduced to improve the risk sensitivity of the capital framework for derivative transactions without creating undue complexity for banks. One of the main objectives of the Committee when formulating the SA-CCR standard was to design an approach that would […]

Credit line

Switzerland grants a 4 billion dollar line of credit to the energy company Axpo

GENEVA — The Swiss government said on Tuesday it had agreed to provide an urgent 4 billion Swiss franc ($4.1 billion) line of credit to power station operator Axpo Holding as energy prices are skyrocketing in Europe and could “endanger Switzerland’s energy supply”. Axpo, which has 30 sites in Europe, North America and Asia and […]

Credit line

IMF approves two-year $18.5 billion flexible credit line for Chile — MercoPress

IMF approves two-year $18.5 billion flexible credit line for Chile Monday, September 5, 2022 – 08:33 UTC Full article Kristalina Georgieva, Chief Executive, said: “After an impressive recovery from the fallout from the Covid-19 pandemic, Chile is facing a marked increase in global risks” The Executive Board of the International […]

Credit line

A Deep Dive into the Government’s Emergency Line of Credit Guarantee Scheme

The Emergency Line of Credit Guarantee Scheme (ECLGS) was one of the most significant government announcements at the height of the COVID-19 lockdown. Over the past two and a half years, the regime has seen regular changes. Follow us as we review its performance: Aviation, hospitality and tourism are the sectors most affected by the […]

Credit line

NIGERIA: AFD opens a €100 million line of credit for BOI’s climate

The French Development Agency (AFD) wants to contribute to adaptation and resilience to climate change in Nigeria. The Paris-based financial institution has signed a partnership with the Bank of Industry (BOI), the largest development finance institution currently operating in Nigeria, with over €4 billion in assets by 2021. AFD is providing a credit line of […]

Financial credit

TopLine Financial Credit Union Receives Diamond Award for

MAPLE GROVE, Minn., Sept. 01, 2022 (GLOBE NEWSWIRE) — TopLine Financial Credit Union has received a Diamond Award, which recognizes outstanding achievement in marketing and business development in the credit union industry. The award was presented by the Marketing and Business Development Council of the Credit Union National Association (CUNA), a national network of more […]

Credit line

Austria extends a credit line to the Vienna electricity company due to soaring electricity prices

VIENNA – The Austrian government on Wednesday granted a 2 billion euro ($2 billion) line of credit to the city of Vienna for the electricity company it owns, Wien Energie, after the company applied for l helping to cover its forward margins due to soaring market prices. A price spike following Russia’s invasion of Ukraine […]

Credit risk

Credit Risk Management Software Market Report (Size, Share

Isle of Man, Aug. 31, 2022 (GLOBE NEWSWIRE) — Douglas Insights recently added the Credit Risk Management Software Market to its research engine to enable researchers and market professionals to identify and analyze current market trends, market growth drivers, restraints and opportunities. Douglas Insights provides a wide range of expert market reports that allow researchers […]

Credit risk

Credit Risk Management Software Market Report (Size, Share

Isle of Man, Aug. 31, 2022 (GLOBE NEWSWIRE) — Douglas Insights recently added the Credit Risk Management Software Market to its research engine to enable researchers and market professionals to identify and analyze current market trends, market growth drivers, restraints and opportunities. Douglas Insights provides a wide range of expert market reports that allow researchers […]

Credit risk

Freddie Mac’s credit risk transfers set records for the second quarter of the first half

Freddie Mac announced on Tuesday that its single-family credit risk transfer business set records for the second quarter and first half. The government-sponsored firm issued about $6.5 billion between April and June, mitigating risk on mortgages with a total outstanding principal balance of about $151 million. That brought the first-half total to $15 billion in […]

Credit line

Austria extends a credit line to the Vienna electricity company due to soaring electricity prices

A view shows the Wien Energie (Vienna Energy) office building in Vienna, Austria, August 30, 2022. REUTERS/Leonhard Foeger Join now for FREE unlimited access to Reuters.com Register VIENNA, Aug 31 (Reuters) – The Austrian government on Wednesday extended a 2 billion euro ($2 billion) line of credit to the city of Vienna for the utility […]

Credit risk

Freddie Mac’s credit risk transfer delivers record first

MCLEAN, Va., Aug. 30, 2022 (GLOBE NEWSWIRE) — Freddie Macit is The one-family business today announced that its Credit Risk Transfer (CRT) program announced a CRT issuance in the second quarter of 2022 of approximately $6.5 billion, protecting approximately $151 billion of principal balance unpaid (UPB) single family mortgages. The total was a record for […]

Credit risk

Freddie Mac Credit Risk Transfer delivers record first half

Freddie Mac MCLEAN, Va., Aug. 30, 2022 (GLOBE NEWSWIRE) — Freddie Macit is The one-family business today announced that its Credit Risk Transfer (CRT) program announced a CRT issuance in the second quarter of 2022 of approximately $6.5 billion, protecting approximately $151 billion of principal balance unpaid (UPB) single family mortgages. The total was a […]