Bank loan

CRISIL upgrades Pudumjee Paper Products bank credit facility rating; The stock climbs 3.4%

CRISIL Ratings has upgraded its ratings on Pudumjee Paper Products Limited (PPPL) bank loan facilities to ‘CRISIL A/Stable/CRISIL A1’ from ‘CRISIL A-/Positive/CRISIL A2+’. CRISIL Ratings also migrated its rating on PPPL’s ​​fixed deposit program from “FA/Positive” to “CRISIL A-/Positive”, then simultaneously upgraded to “CRISIL A/Stable” from “CRISIL A- /Positive”. According to the rating rationale report, […]

Bank loan

PH secures $178 million loan from World Bank

THE World Bank has approved a $178.1 million loan to support the Philippines’ efforts to fight malnutrition. The Philippines Multi-Sector Nutrition Project will support the delivery of nutrition and health care services at the primary and community care levels to help reduce stunting, the Washington-based multilateral said in a statement Thursday. Nutrition and healthcare services […]

Bank loan

Snapshot: Regulation of bank credit facilities in Poland

Regulation Equity and liquidity requirements Describe how capital and liquidity requirements affect the structure of bank loan facilities, including the availability of related facilities. Capital and liquidity requirements impact the availability and valuation of bank debt financing. The leverage ratio has the effect of reducing the overall loan amount. Regulatory requirements are important factors, but […]

Bank loan

Snapshot: Regulation of bank loan facilities in the Bahamas

Regulation Equity and liquidity requirements Describe how capital and liquidity requirements affect the structure of bank loan facilities, including the availability of related facilities. Banks licensed in the Bahamas are supervised by the Central Bank of the Bahamas (the Central Bank). The Central Bank requires banks to adhere to the Basel III protocols with respect […]

Bank insurance

insurance platforms need to ensure senior management suitability

During at least the initial growth phase of the business, the platform may want at least one person to fill several PCF roles – for example, with a view to minimizing personnel costs. Under the F&P regime, a person is generally permitted to perform more than one PCF role. However, the CBI emphasizes that […]

Bank insurance

Peter Thompson of National Bank Insurance elected President of the Canadian Association of Financial Institutions in Insurance

Peter D. Thompson Canadian Association of Financial Institutions in Insurance On behalf of the CAFII Board of Directors, I would like to thank Chris Lobbezoo for guiding our association through the unprecedented challenges presented by the COVID-19 pandemic over the past two years,” —Peter D. Thompson TORONTO, ONTARIO, CANADA, June 21, 2022 /EINPresswire.com/ — The […]

Bank loan

AIB’s agricultural advisory team grows ahead of Ulster Bank loan acquisition

AIB plans to expand its team of agricultural advisers as it prepares to acquire loans worth €4.2 billion from Ulster Bank. In February 2021, Ulster Bank announced its intention to withdraw all banking services in the Republic of Ireland. In April, the Competition and Consumer Protection Commission (CCPC) gave AIB the green light to acquire […]

Bank loan

Mongolia to improve public services online with $40.7 million World Bank loan

Mongolia will improve its online public services for citizens and businesses, boost digital skills training and increase digital jobs with a major credit from the World Bank. A bank statement on Tuesday said the $40.7 million credit aims to improve Mongolia’s legal and regulatory environment to build trust and cybersecurity in the use of digital […]

Bank security

IBM zSystems solutions bolster security at Siam’s commercial bank

International Commercial Machinery Society IBM recently signed an agreement with Siam Commercial Bank for an undisclosed sum to increase the security of countless digital transactions on its platform and provide improved service to its customers. The collaboration aims to leverage key IBM expertise in delivering a secure and resilient enterprise platform for mission-critical applications and […]

Bank security

IBM zSystems solutions bolster security at Siam Commercial Bank – June 6, 2022

International Commercial Machinery Society (IBM Quick QuoteIBM – Free Report) recently signed an agreement with Siam Commercial Bank for an undisclosed sum to increase the security of countless digital transactions on its platform and provide improved service to its customers. The collaboration aims to leverage key IBM expertise in delivering a secure and resilient enterprise […]

Bank service

Area Food Bank Service Among Recipients of $100,000 in Community Foundation Serving Southwest Virginia Grants | Latest titles

The Community Foundation Serving Western Virginia awarded $100,000 of a private foundation grant to three nonprofit social service organizations in the Roanoke Valley area. Feeding Southwest Virginia (FSV) received $20,000 to support the Community Solutions Center (CSC) meal production training program. FSV, the region’s largest charitable food relief provider, supports food banks in Martinsville and […]