Banks

ADB and Lao PDR signed an agreement on 13 November for a $10 million grant as additional financing for a project that will enhance Lao PDR’s sanitary and phytosanitary (SPS) capacity.

Afghanistan President Mohammad Ashraf Ghani witnessed the contract signing of two ADB-financed energy projects which will help Afghanistan boost energy supply, improve energy security and efficiency, and promote cross-border trade in energy.

Limerick’s economic resurgence took another giant step forward today as the EIB confirmed a record commitment for an urban Ireland investment programme for the city.

Sberbank announces the signing of a deal to acquire a block of shares in VisionLabs, a global leader of the facial recognition market.

The EIB will provide financing of EUR 30 million to medneo Group, a Berlin headquartered company providing innovative imaging diagnostics’ services and technology “as a service”.

The EIB transaction with Volvo Cars was made possible by the European Fund for Strategic Investments (EFSI), which is the central pillar of the Investment Plan for Europe.

Sberbank has received its first Platinum prize at the international Loyalty360 Customer Awards. The Bank’s efforts were recognised in the Organizational Commitment category for promoting a client-centric business model as part of corporate culture.

This move is aimed at technological advancement in Bank of Russia deposit operations and user-friendliness of this instrument for credit institutions.

Mr. Zhang reiterated ADB’s support for the government’s development agenda and expressed confidence in the country’s economic prospects. 

The Asian Development Bank (ADB) conducted a two-day training in Kabul for more than 30 representatives of Afghanistan government and executing agencies implementing ADB projects on project financial management.

The MOU will enable the two institutions to work more closely to enhance peer learning and knowledge sharing in advancing financial inclusion policies in the region.

The new credit facility is divided in two tranches of 550 million euros each, one for an initial period of three years (with two one year extension options) and one for a duration of five years.

Community Bank of the Bay and two business offices in the Silicon Valley, reported unaudited financial results for its quarter ending September 30, 2017 and recognizes the efforts of its employees

ADB's Board of Directors has approved $170 million in loans to help the Government of Viet Nam upgrade urban infrastructure and address climate change, benefiting about 116,000 households in Hue, Vinh Yen, and Ha Giang.

Goldman Sachs to Present at the Bank of America Merrill Lynch Future of Financials 2017 Conference