On 22 November, KBC received the approval of the National Bank of Bulgaria to acquire a majority stake in Economic and Investment Bank (EIB). On 15 November 2007, KBC had already received the approval of the Bulgarian Competition Authority. KBC Group now owns 75% of EIB. Ms Tzvetelina Borislavova retains a minority shareholding of 22.3% in the bank and remains KBC’s partner in Bulgarian banking activities. At a joint press conference in Sofia, KBC Group and EIB revealed their future plans in Bulgaria. In the coming months, KBC and the management of EIB will thoroughly review and update the strategy, focussing on optimising the branch network, introducing bancassurance with DZI Insurance (which KBC acquired earlier this year) and optimising or setting up certain business lines such as asset management, private banking, car leasing or treasury operations.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more