Press Releases

Paris, Frankfurt, Brussels, 18th March 2014 EBA CLEARING witnesses substantial progress of SEPA migration The pan-European retail payments clearing platform STEP2 experiences an important volume increase EBA CLEARING communicated today that its STEP2 clearing platform is seeing considerable volume growth in SEPA payment processing, leading to peak day volumes above 100 million SEPA Credit Transfers and SEPA Direct Debits. These …

Cosmos team up with global firms to build world-class polysilicon facility in Malaysia GTAT to supply latest polysilicon equipment and technology under USD 336 million contract The proposed facility puts Malaysia on the solar energy world map NBAD lead financial advisor  Kuala Lumpur, 19 March, 2014: Cosmos Chemicals Berhad (Cosmos) signed a USD 336 million ‘Technology License and Major Equipment …

Full Year 2013 income and profits lower in challenging market conditions Significant actions announced in 2013 to deliver future growth and capital accretion Operating income[1] was down 1 per cent to US$18,671 million (2012: US$18,783 million) in line with pre-close 25 markets delivered more than US$100 million in income; 17 over US$100 million in profits Profit before OCA, goodwill impairment …

Standard Chartered appoints Head of Wholesale Banking for its operations in Iraq Ahmed Muallah brings a wealth of experience to the Bank’s newly established wholesale Banking operation in Iraq Baghdad, 25 February, 2014 – Standard Chartered announced today the appointment of Ahmed Muallah as Managing Director and Head of its Wholesale Banking business in Iraq. In his role, Ahmed will …

EastNets ranked in the 38th top 100 risk technology providers in the world by Chartis 2014 RiskTech100® Company also named Category Winner in Middle-East & Africa in Chartis 2014 RiskTech100® rankings February 25, 2014 EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, has once again been included in the Chartis 2014 RiskTech100® rankings. …

Baker, Trichet, Summers, Sayegh, and Diamond among key speakers Bernanke to Speak at NBAD’s GFMF in Abu Dhabi Abu Dhabi (February 25, 2014) – Former Chairman of the US Federal Reserve Dr. Ben S. Bernanke will speak at the 2014 Global Financial Markets Forum (GFMF), organised by the National Bank of Abu Dhabi (NBAD). Dr. Bernanke, who left his post …

Finesse Launches Ready-to-deploy iCreate solution ‘Fintellix’ to help Banks expedite FATCA compliance in GCC Region Finesse, a Red Herring Asia Top 100 company has launched ready-to-deploy iCreate solution ‘Fintellix’ to help Banks expedite FATCA compliance in the region. This ready-to-deploy solution would help Banks to effectively address their FATCA compliance challenge. Fintellix for FATCA Compliance’ is a single comprehensive platform …

Global Financial Markets Forum Offers Virtual Conference Allows delegates who are unable to attend the forum in person Abu Dhabi- (February 20, 2014)- The 2014 Global Financial Markets Forum (GFMF), the annual conference organised by the National Bank of Abu Dhabi (NBAD),  will be available virtually via AvayaLiveTM Engage, an interactive virtual conferencing that allows delegates who are unable to …

Bank BPH, Poland licenses IMEX V7.0 for its Back-Office Trade Finance Operations London, United Kingdom – February 17, 2014 – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today the signing of a licensing agreement with Bank BPH, a leading Polish bank. Under the terms of the agreement, Bank BPH, a longtime user of …

BNY Mellon Launches New Era in Global Payments Service Delivery New global payments infrastructure debuts with roll-out of enhanced Euro clearing support for global clients New infrastructure will offer significantly enhanced levels of efficiency, cash management oversight and transparency  LONDON and NEW YORK, February 13, 2014 — BNY Mellon, a global leader in investment management and investment services, today announced …

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BofA Merrill GTS Enhances China Treasury Management Solution Suite Balance of Payments Declaration Module Improves Efficiency and Reduces Operational Risk Launch Is Consistent With Ongoing Solution Investment in China Market 13 February, 2014, SHANGHAI — Bank of America Merrill Lynch Global Transaction Services (GTS) today announced a major enhancement to its suite of end-to-end China treasury management solutions. The proprietary …

Abdul Rahman Mohammed Al Baker, Executive Director of Financial Institutions Supervision at the Central Bank of Bahrain inaugurates the 10th Anniversary Special Edition of the Middle East Insurance Forum (MEIF 2014) Industry Leaders Discuss New Strategies for Strengthening the Regional Insurance Industry, Overcoming Competitive Pressures and Capturing Profitable Growth. Kingdom of Bahrain: 10th February 2014: Confirming its position as the …

Arab Bank was recently honored with the Best Trade Finance Provider award in the Middle East from Global Finance Magazine at the Bankers’ Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA) Global Annual Meeting held in London.   Arab Bank received this award based on its transaction volume, scope of global coverage, customer service, competitiveness and …

Saxo Bank publishes its investment outlook for Q1 2014 Emerging Asia will become the world’s primary weak spot in 2014, but we have reached the beginning of the end of this crisis Saxo Bank, the online multi-asset trading and investment specialist, has published its first quarterly insight for 2014 looking across both the macroeconomic environment and individual asset classes.  Global …

BLAKES STRENGTHENS TEAM FOR GULF REGION BY ELECTING TIM SUNAR AS PARTNER  Al-Khobar- (February 09, 2014) – Blake, Cassels & Graydon LLP in association with Dr. Saud Al-Ammari Law Firm (Blakes), a leading business law firm, announced the further strengthening of its team in the Gulf region with the admission of Mr. Tim Sunar to the partnership of the Firm.  …