ABSL Summit 2024 returns to Kraków
On June 3-5, in the ICE Kraków Congress Centre, the ABSL Summit will bring together more than 1,400 business leaders, government officials, experts and economists from around the world....
Category: Finance
Advancing sustainable finance in Central, Eastern and South-Eastern Europe
The European Investment Bank (EIB) released the extensive research conducted by the Vienna Initiative working group on climate change and financial stability, entitled Greening the financial sector: A Central,...
Helaba to co-finance ‘Le Coeur’ project for Hines
A consortium of Landesbank Hessen-Thüringen and the three leading savings banks in the German state of North Rhine-Westphalia – Stadtsparkasse Düsseldorf, Sparkasse KölnBonn and Kreissparkasse Köln – to finance...
S IMMO sees significant increase in earning figures and successful transactions
“The annual results confirm S IMMO’s operational strength and our strategic approach. In 2023, we continually disposed of properties in Germany and instead set a clear investment focus on...
pbb retains profit and expects a significantly higher result for 2024
Deutsche Pfandbriefbank AG (pbb), a leading European specialist bank for commercial real estate finance, expects its results for the current financial year to be significantly higher than in 2023....
BCR expects Romania’s economy to grow this year
Local bank BCR expects Romania’s economy to grow by 3.3 percent this year, driven by consumption, the bank’s chief economist, Ciprian Dascalu, said. He estimated the consensus expectations at...
EBRD lends €150 million for road upgrades in Moldova
The EBRD is lending €150 million to Moldova to finance the rehabilitation of key roads in Moldova and around its capital, Chisinau. The loan will allow the government to...
EBRD, EU and UniCredit support green SMEs in Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD) is providing a €7 million loan to UniCredit Bank d.d. Mostar in Bosnia and Herzegovina. Funds will be lent through the...
EBRD and EU finance Serbian businesses via OTP Banka Serbia
The European Bank for Reconstruction and Development (EBRD) is providing €60 million in financing to OTP Banka in Serbia. As part of the financial package, €10 million will be lent through...
pbb reports nine-month profit of €91 million
Deutsche Pfandbriefbank AG (pbb), generated a pre-tax profit of €91 million in the first nine months of the current business year (unaudited consolidated figures following IFRS), down from €159...
pbb responds to real estate crisis with a material increase in risk provisioning
Faced with the persistent weakness in the commercial real estate market, Deutsche Pfandbriefbank AG (“pbb”) has significantly increased its risk provisioning. The risk provision result for the first nine...
pbb provides €75 million loan for CEDET office building
pbb Deutsche Pfandbriefbank has provided a €75 million investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors. The loan will be...
