Latest News for: Luxembourg bank

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US is Taiwan’s top debtor nation 27 quarters in a row

Taipei Times 26 Jun 2022
China’s exposure to Taiwanese banks was the second-largest, with Luxembourg third, followed by Hong Kong and Japan, the central bank said ... After the US and China, Luxembourg remained in third position, with Taiwanese banks’ exposure on a direct risk basis at US$39.72 billion, down ...
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PHI Group Cooperates with Danang Rubber JSC and Tin Thanh Group to Increase Production and ...

Kentucky New Era 23 Jun 2022
PHI Group ( www.phiglobal.com, PHIL ) primarily focuses on PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) ( www.philux.eu ), and building the Asia Diamond Exchange (“ADE”) in Vietnam.
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Interview: Luxembourg hopes to boost business relations with China after COVID-19, says minister

Xinhua 22 Jun 2022
"We have six or seven Chinese banks that have their European headquarters in Luxembourg ... Since the first opening of an overseas subsidiary of Bank of China in Luxembourg in 1979, the Grand Duchy has become a gateway to the European Union for Chinese financial institutions and investors.
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RCB passes loans on to Hellenic Bank

Ekathimerini 21 Jun 2022
RCB Bank Ltd has announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed ... It operated branches in Nicosia, Limassol, Larnaca, Paphos and Luxembourg.
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BNP Paribas and Year Up Partner to Provide Young Adults with Pathways to Meaningful Careers

Ellensburg Daily Record 21 Jun 2022
The partnership allows the opportunity to host several qualified interns within BNP ParibasCorporate & Institutional Banking function ... BNP Paribas is the European Union’s leading bank and key player in international banking ... Belgium, France, Italy and Luxembourg ... PROFESSIONAL SERVICES EDUCATION HUMAN RESOURCES CONSULTING BANKING TRAINING.
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Egypt's FM discusses with European Investment Bank's president expanding investments in sectors of energy, green transition

Egypt Today 20 Jun 2022
Minister of Foreign Affairs Sameh Shokry met Monday with President of the European Investment Bank Werner Hoyer within his visit to Luxembourg, given that Egypt is the largest non-European partner of the financial institution ... Minister Shokry headed Sunday to Luxembourg to ...
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THE RISE OF ISLAMIC BANKING

Dawn 19 Jun 2022
“We are working in the right direction,” Ismail says, while speaking about the Federal Shariat Court’s recent ruling stating that all banking in Pakistan should convert to Islamic banking ... Countries including the UK, Hong Kong, Luxembourg, South Africa, China and Germany have also been exploring Islamic banking alternatives.
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ECB’s Lagarde tells ministers goal is not to close spreads, but to normalise -source

FX Empire 16 Jun 2022
LUXEMBOURG (Reuters) -The head of the European Central Bank told euro zone finance ... A second official said Lagarde told the meeting in Luxembourg that fragmentation was a “serious” risk that would be addressed, and warned that the bank’s commitment should not be put into question.
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Euro zone ministers urge to cut deficits, debts amid 'not easy times'

Reuters 16 Jun 2022
LUXEMBOURG, June 16 (Reuters) - Euro zone finance ministers urged a return to budget discipline on Thursday to help the European Central Bank fight the risks of a new debt crisis in the bloc amid high inflation, falling growth and market tensions.
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ECB's Lagarde tells ministers fragmentation is serious risk -source

Reuters 16 Jun 2022
LUXEMBOURG, June 16 (Reuters) - The head of the European Central Bank told euro zone finance ministers in a meeting that fragmentation is a "serious" risk that ...
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EU banking union ‘not dead, just napping’, says EU official

FX Empire 14 Jun 2022
Euro zone finance ministers were aiming to agree in Luxembourg on Thursday a comprehensive plan set out in April for a roadmap to implement the banking union’s remaining elements ... “This is not the full work plan that we were contemplating, but it’s still a very important piece of the Banking Union,” the EU official said.
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EU banking union 'not dead, just napping', says EU official

Reuters 14 Jun 2022
Euro zone finance ministers were aiming to agree in Luxembourg on Thursday a comprehensive plan set out in April for a roadmap to implement the banking union's remaining elements ... "This is not the full work plan that we were contemplating, but it's still a very important piece of the Banking Union," the EU official said.
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Top recipient countries of remittances: India, Mexico, China, Philippines, Egypt

Gulf News 14 Jun 2022
in 2022, the projected 4.2 per cent increase in global remittances, estimated to reach $630 billion) follows a 8.6 per cent growth registered during 2021, when remittance flows reached $605 billion, exceeding earlier estimates, said the World Bank ... Egypt rounded up the Top 5 of the world’s remittance recipient countries, according to the World Bank.
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Bridge China and the Netherlands for the common good

China Daily 08 Jun 2022
The Bank of China branch in the Netherlands will celebrate its 15th anniversary in July 2022. The story of its success started in July 2007, when Bank of China (Europe) S.A. Rotterdam Branch (previously referred to as Bank of China (Luxembourg) S.A. Rotterdam Branch, or 'the Bank' hereinafter), was officially opened in the Netherlands.
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