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Posted inAustralian Exchange Singapore Exchange

Frank Vang-Jensen appointed President and CEO of Nordea Bank

STOCKHOLM: The Board of Directors of Nordea Bank Abp has appointed Frank Vang-Jensen as new President and Group CEO as of September 05, 2019. Frank Vang-Jensen is currently Head of…
Posted by NNR September 5, 2019
Posted inAustralian Exchange

Majority of U.S. insurers’ bank loan holdings of low credit quality

OLDWICK: Of the $40.6 billion in bank loans owned by the U.S. life/annuity, approximately three-quarters are rated below investment grade, according to a new AM Best report. The Best’s Special Report,…
Posted by NNR September 4, 2019
Posted inAustralian Exchange

Kingswood acquires WFI Financial for £14 million

LONDON: Kingswood Holdings Limited, the integrated wealth management group, has announced the acquisition of the business and assets of WFI Financial, a significant independent regional financial planning business based in…
Posted by NNR September 4, 2019
Posted inAustralian Exchange Ratings

CDL and DBS Bank set benchmark on innovation-focused financing

SINGAPORE: City Developments Limited (CDL) has secured a S$250 million SDG Innovation Loan, in the form of a three-year revolving credit facility provided by DBS Bank Ltd. (DBS). This is…
Posted by NNR September 4, 2019
Posted inAustralian Exchange

Pakistan to replace national payment gateway with state-of-the-art Automated Transfer System

KARACHI: Government of Pakistan has planned to upgrade and replace the existing central bank operated national payment gateway and payment system i.e. Real Time Gross Settlement System (RTGS) with a…
Posted by NNR August 29, 2019
Posted inAustralian Exchange

Negative implications and downgraded credit ratings of National Insurance Company

SINGAPORE: AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to C (Weak) from C++ (Marginal) and the Long-Term Issuer Credit Rating to…
Posted by Chenos Kahn August 28, 2019
Posted inAustralian Exchange

AM Best downgrades credit ratings of Oriental Insurance Company Limited

SINGAPORE: AM Best has downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” from “bbb+” of Oriental…
Posted by NNR August 28, 2019
Posted inAustralian Exchange Oslo Bourse

Argo Blockchain announces new mining hardware delivers faster-than-expected returns

LONDON: Argo, a UK-based provider of enterprise scale cryptocurrency mining services announced that its strategy to make a major investment in new mining hardware has delivered better than expected returns…
Posted by NNR August 28, 2019
Posted inAustralian Exchange

Panicos Nicolaou appointed CEO of Bank of Cyprus

NICOSIA: Bank of Cyprus Holdings Public Limited Company announced that on 26 August 2019 the European Central Bank approved the appointment of Panicos Nicolaou as the Group Chief Executive Officer…
Posted by NNR August 27, 2019
Posted inAustralian Exchange

Bolivia insurance industry outlook stable as companies sustain growth trend

MEXICO CITY: AM Best has assigned a stable market segment outlook to Bolivia’s insurance industry, based on healthy growth, robust solvency ratios and a sufficient appetite from reinsurers. In a…
Posted by NNR August 26, 2019
Posted inAustralian Exchange

South Korea insurers prepare to face new accounting and solvency rules

HONG KONG: AM Best views South Korea’s non-life insurers as being in a better position than their life counterparts to weather the impact of the International Financial Reporting Standards 17…
Posted by NNR August 26, 2019
Posted inAustralian Exchange

Al Salam Bank’s H1 profit rises by 30 percent to USD 32.62 million

BAHRAIN: Al Salam Bank-Bahrain, the pioneering Shari'a-compliant bank in the Kingdom of Bahrain, posted a net profit attributable to shareholders of BHD 12.31 million (USD 32.62 million) for the first…
Posted by NNR August 26, 2019

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All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

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