Banks

OceanFirst Financial Corp. (“OceanFirst”) (NASDAQ:OCFC), today announced the closing of its acquisition of Sun Bancorp, Inc. (“Sun”)

Europe’s first independent ‘white label’ UCITS ETF platform offers asset managers the infrastructure to build and launch ETFs into Europe without having to establish their own full-service business.

ADB's Board of Directors has approved a $21.3 million grant to help upgrade the Aiwo boat harbor in Nauru, which will make it the country’s first fully functioning international port.

The Asian Development Bank (ADB), the European Union (EU), and the governments of Australia and Nauru today commissioned two generators which will provide safe, reliable, and efficient electricity supply to the people and businesses of Nauru.

The Asian Development Bank’s Trade Finance Program called for greater financial integration, including the development of trade finance, among Greater Mekong Subregion (GMS) countries at a recent conference for trade finance professionals, central banks, and government ministries in Bangkok.

Timberland Bancorp, Inc. (NASDAQ:TSBK) (“Timberland” or “the Company”) today reported net income of $3.61 million, or $0.48 per diluted common share, for its first fiscal quarter ended December 31, 2017

Alfa-Bank announced today that it has started to use SWIFT’s global payments innovation (gpi), a suite of services that increases the speed, transparency and traceability of cross-border payments. 

Sberbank’s CEO and Chairman of the Executive Board Herman Gref delivered a speech at the panel discussion “Business and State: Models of Partnership in a Digital Age” of the Gaidar Forum.

ADB has signed an equity investment of up to $50 million with True North VI LLP to provide equity capital to middle-market companies in India embarking on their next phase of growth.

Sberbank has launched the Loan Constructor online service, which allows corporate clients to structure their own loan product with the necessary parameters using pre-approved offers from the bank.

Net fee and commission income was up by 12.5% to RUB355 bn, which was mainly due to growth in operations with bank cards (+25.4%) and bank insurance (+22.7%).

ADB operations—comprising approvals of loans and grants, technical assistance, and cofinancing—reached $28.9 billion in 2017 in its continued efforts to help meet Asia and the Pacific’s development needs.

Home BancShares, Inc. (NASDAQ:HOMB), parent company of Centennial Bank, has been ranked #1 on the Forbes 2018 “Best Banks in America” list, a rise from #8 in 2017’s rankings and #15 in 2016’s rankings

The EIB is providing a EUR 500 million loan to Endesa to support the necessary investment to upgrade its distribution grid. 

ADB expresses its condolences to the families of those who were killed in the recent tropical storms in the Philippines that impacted the Visayas and Mindanao regions.