Financing

In a joint statement released on Friday following a two-day conference in South Africa, the finance ministers from the Group of 20 nations highlighted the need for central banks to be independent and promised to work together more, as...

Al Baraka Bank Egypt has announced that it has signed two important contracts with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The total value of these contracts is USD 100 million. The agreements include...

The British Business Bank has launched a new £400 million Investor Pathways Capital program to help new and diverse fund managers and make it simpler for people from under-represented groups to get into venture capital. The plan is to start...

The Asian Development Bank (ADB) has successfully issued a CNY8.3 billion (about $1.15 billion), 3-year bond issue, its largest Panda Bonds to date, raising significant capital to support its development projects for both sovereign and private sector borrowers. The Asian...

The Asian Development Bank – ADB opines that regional cooperation is indeed crucial so as to mobilize climate finance, especially from the private sector. Since Asia needs an estimated $1.1 trillion every year in order to address climate change....

JTC has agreed to acquire Citi Trust, the global fiduciary and trust administration services business, from Citigroup in a deal worth $80m. Citi Trust, which operates in seven key jurisdictions including New York, Delaware, South Dakota, Jersey, Singapore, Switzerland, and...

Camden National Bank’s bank holding company Camden National has agreed to acquire Northway Financial in an all-stock deal valued at around $86.6m. Based in the US, Northway Financial is a bank holding company that owns Northway Bank. The company delivers a...