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Category: Banking

  • MIL-OSI Russia: China, UAE to Expand Cooperation on Cross-Border Payments

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 28 (Xinhua) — China’s cross-border interbank payment system CIPS and the United Arab Emirates’ central bank have signed a memorandum of understanding to strengthen cooperation in cross-border payments, the People’s Bank of China (PBOC), which acts as the regulator and administrator of CIPS, said Wednesday.

    According to a statement by the PBC published on its official website, the signing of the agreement is expected to improve the payment infrastructure and increase the efficiency of cross-border settlements.

    Under the agreement, CIPS and the UAE Central Bank will jointly develop a cross-border payment systems interconnectivity programme to provide foreign exchange clearing services to financial institutions in the Middle East and North Africa.

    As noted in the statement, the parties will deepen the exchange of experience in risk management and regulatory compliance, as well as enhance the security and stability of cross-border payment systems. –0–

    MIL OSI Russia News –

  • MIL-OSI Africa: At African Development Bank Group 2025 Annual Meetings, young agripreneurs transforming Africa’s Agriculture in spotlight

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    An Ivorian entrepreneur who started up a snack food business with about $100, then transformed it into a multinational supplier of a popular potato chip, is crediting the African Development Bank’s Enable Youth program for his success.

    Thirty-year-old “Mon chips” brand founder Koffi Amani François Xavier told an audience Tuesday on the sidelines of the African Development Bank Group 2025 Annual Meetings, that his participation in the Enable Youth AgriPitch competition – which empowers young people in the agribusiness sector -helped him develop the skills he needed to scale up his business.

    Xavier was a featured speaker at the Annual Meetings side event focused on supporting African youth and innovation in Africa’s agriculture sector, held on Monday 26 May.  The“Mobilizing Africa’s Agripreneurs: Unleashing the Next Generation of Agricultural Innovators“ session showcased the transformational impact of the ENABLE Youth Program, which has supported more than 100,000 young people in agriculture across 18 African countries and has facilitated the estimated creation of 240,000 jobs.

    “Agriculture offers the largest scale and quickest wins for youth employment. That’s why the African Development Bank launched the ENABLE Youth Program in 2016. We knew that if we could support young people to become “agri-preneurs,” they would build businesses that not only feed Africa but employ millions of people,” Dr. Beth Dunford, African Development Bank Vice President for Agriculture, Human and Social Development said in her remarks.

    The side event drew policymakers, private sector leaders, development partners, young agripreneurs and other participants to share insights on scaling up youth-led agribusinesses across Africa.  Xavier not only participated in the AgriPitch competition that offers business development training, mentorship and exposure to potential investors – he was an AgriPitch winner of $25,000 two years ago.

    “Thanks to the Bank’s AgriPitch competition, we were able to modernize our production, reach 150 points of sale [stores] in Côte d’Ivoire, and establish a presence in four countries,” Xavier said. He told side event attendees that since the competition, he expanded his work force to 26 employees, 80 percent of his employees are women, and that his operations now process 50 tons of potato chips per year.

    Bank Enable Youth Coordinator Edson Mpyisi moderated a  panel on creating opportunities for youth-led agribusinesses through policy reform, financing mechanisms, private sector mentorship, and access to markets. Panelists included: Dr. Martin Fregene, Bank Director for Agriculture and Agro-Industry; Diana Gichaga, Managing Partner of Private Equity Support; Dr. Ismahane Elouafi, Executive Managing Director of CGIAR; Frank Nyabundege, Managing Director at Tanzania Agricultural Development Bank; and AgriPitch winner Xavier, whose company is registered as Etoduma SARL.

    Africa is home to the youngest population in the world – with more than 60 percent of the continent’s population under the age of 25. By 2030, one out of every two new entrants in the global labour force will come from Africa.

    The gathering also delved into the prospects of a proposed “Enable Youth 2.0” – a scaling up of Enable Youth’s success that will focus on innovative and inclusive financing, capacity building, market linkages and climate resilience. The Enable Youth Program aligns with Bank commitments under its Ten-Year Strategy (2024 – 2033) – to place youth at the center of Africa’s agricultural and economic transformation.

    Organizing or sponsoring initiatives such as the African Youth Agripreneur Forum, AgriPitch Competition, and Youth Entrepreneurship Investment Banks, the African Development Bank continues to mobilize investment, innovation, and partnerships to help realize Africa’s agrifood potential.

    MIL OSI Africa –

  • MIL-OSI Africa: 2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union’s Agenda 2063, experts affirm

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    Africa, the world’s youngest continent with immeasurable natural resources, has all it needs to achieve the African Union’s Agenda 2063, provided the right public policies are implemented, according to government officials and development experts.

    The experts expressed this shared conviction on Monday during the 2025 Annual Meetings of the African Development Bank Group, taking place in Abidjan, Côte d’Ivoire, under the theme “Making Africa’s Capital Work Better for Africa’s Development.”

    Speaking at a knowledge event titled “Second Ten-Year Implementation Plan for Agenda 2063: An Opportunity to Develop and Finance Africa’s Capital,” Koffi N’Guessan, Ivorian Minister of Vocational Training and Apprenticeships, reaffirmed that Agenda 2063 — adopted in January 2015 by the African Union – remains the strategic framework for the continent’s economic and social transformation.

    N’Guessan noted that, despite a challenging global environment, the last decade has seen notable progress in Africa, particularly in economic and political integration, gender equality, and access to employment opportunities.

    However, he acknowledged that previous efforts have often fallen short of addressing the continent’s structural transformation needs, including job creation for youth and poverty reduction.

    “The second Agenda 2063 implementation plan, adopted in February 2024 by the African Union, offers a crucial opportunity to tackle these challenges and accelerate development outcomes,” he said.

    According to the Ivorian Minister, Africa is poised to become a major global power, alongside China and India, due to its demographic potential. However, he stressed that African countries should prioritize vocational and technical training to fully harness this demographic dividend.

    He highlighted a worrying trend: approximately 22.5 percent of young people aged 15 to 24 are unemployed with no education or training. Additionally, 250 million children and young people in low-income countries are not in school, underlining the disconnect between education systems and labor market needs. “Youth can become a liability if robust training policies are not implemented – from nursery school through to university,” he warned.

    Taking natural capital into account when calculating GDP

    Hervé Lohouès, Division Manager in the Country Economics Department at the African Development Bank, emphasized the importance of natural wealth in calculating the GDP of African countries.

    “The GDP of a country like the Central African Republic would increase by 300 percent if its natural resources were taken into account in the calculation of its GDP,” he asserted.

    He added: “It is essential to go beyond natural enhancement and ensure that all African countries adopt a compulsory development plan. We also need to ensure that governments provide incentives for transformation while considering accountability that can directly help the transition from natural to social infrastructure.”

    Jide Okeke, Regional Program Coordinator for Africa at the United Nations Development Programme, and Dagmawit Moges Bekele, former Eritrean Minister of Transport and Director of the Peace Fund at the African Union Commission, both stressed the need to leverage human, financial, natural and digital resources to drive inclusive and sustainable development — key to achieving the objectives outlined in the second decade of Agenda 2063.

    MIL OSI Africa –

  • MIL-OSI: Kalle Virtanen appointed Oma Savings Bank’s Chief Operating Officer and member of the management team

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 28 MAY 2025 AT 17.00 PM CHANGES IN BOARD/MANAGEMENT/AUDITORS


    Kalle Virtanen appointed Oma Savings Bank’s Chief Operating Officer and member of the management team

    Oma Savings Bank Plc (OmaSp or the company) has appointed Kalle Virtanen (L.LM, trained on the Bench, L.LM (Stockholm) and CEFA) Chief Operating Officer (COO) and member of the management team. Virtanen will start in his position on 1 August 2025.

    Chief Operating Officer (COO) is a new role within OmaSp and the unit lead by Virtanen will be responsible for OmaSp’s retail and corporate banking support functions such as back-office and financial crime prevention. Kalle Virtanen focuses particularly on enhancing the bank’s operational efficiency and, through that, improving the customer experience.

    Virtanen has over 25 years of experience in banking and finance, and he has held several expert and business leadership roles in the sector. Virtanen has most recently worked as EY’s Financial Services Law practice lead in Finland and before that in Nordea.

    ”Our transformation journey continues. We have significantly strengthened our resources in regulatory compliance, risk management, and back-office functions — all critical areas in banking — and have recruited new professionals for key roles. We are very pleased to welcome an experienced and capable leader like Kalle to our team to help further develop OmaSp operations. Kalle’s strong leadership and expertise are exactly what we need at this stage,” says Karri Alameri, OmaSp CEO.

    “OmaSp is a well-capitalized bank, its staff is active, and OmaSp has a nationwide network for meeting and serving customers. I look forward to the upcoming tasks and collaboration with new colleagues and stakeholders with interest and enthusiasm,” says Kalle Virtanen.

    The appointment is subject to the Finnish Financial Supervisory Authority’s approval of the fit and proper assessment concerning Virtanen.

    Oma Savings Bank Plc

    Additional information:
    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi


    Distribution:

    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc’s Board of Directors resolved on a directed share issue to the personnel on of the company for the transfer of savings shares in the share savings plan

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE, 28 MAY 2025 AT 17.30 P.M EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE


    Oma Savings Bank Plc’s Board of Directors resolved on a directed share issue to the personnel on of the company for the transfer of savings shares in the share savings plan

    The Board of Directors of Oma Savings Bank Plc established on 29 February 2024 a share savings plan for the employees of the company (“OmaOsake-plan”). The main terms and conditions of the OmaOsake-plan were described in a stock exchange release issued on 29 February 2024. In the OmaOsake-plan, the employees can save a proportion of their salary and invest the savings to the shares of Oma Savings Bank Plc. The savings are used to acquire shares two times in a year.

    To implement the OmaOsake-plan, the Board of Directors resolved to issue a total of 24,318 new shares of Oma Savings Bank Plc. The share issue is directed, deviating from the shareholders’ pre-emptive subscription right, to the participants of the OmaOsake-plan. The company has a weighty financial reason for the deviation from the shareholders’ pre-emptive right, since the purpose of the share issue is to implement the OmaOsake-plan in accordance with its terms and conditions. The share issue is based on the authorisation given by the Annual General Meeting on 8 April 2025.

    The new shares are the savings shares subscribed for with the savings accumulated under the OmaOsake-plan during 1 October 2024 – 31 March 2025. The shares have been subscribed for 7.51 euros per share, which corresponds to the volume-weighted average price of the share during 1 April – 30 April 2025, deducted by 10 per cent. The subscription price is credited to the Company’s reserve for invested unrestricted equity.

    The estimated registration date of the new shares to the trade register is 12 June 2025 and the new shares are estimated to be traded alongside the old shares on Nasdaq Helsinki Ltd on 13 June 2025. After the share issue, the number of Oma Savings Bank Plc’s shares is 33,317,089.

    Oma Savings Bank Plc

    Additional information:
    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    Distribution:

    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI USA: Press Release: FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter

    Source: US Federal Deposit Insurance Corporation FDIC

    Net Income Increased From the Prior Quarter, Led by Higher Noninterest Income: For the 4,462 FDIC-insured commercial banks and savings institutions quarterly net income totaled $70.6 billion, up $3.8 billion (5.8 percent) from the prior quarter. The banking industry reported an aggregate ROA of 1.16 percent in first quarter 2025, up from 1.11 percent in fourth quarter 2024 and 1.09 percent in the year-ago quarter. The quarterly increase in net income was led by higher noninterest income (up $5.4 billion, or 7 percent). Gains in noninterest income were due to market movements and volatility as several large firms reported mark-to-market gains on certain financial instruments in the quarter. Lower losses on the sale of securities also contributed to an increase in net income.

    Community Bank Net Income Increased From Last Quarter: Quarterly net income for the 4,022 community banks insured by the FDIC totaled $6.8 billion in the first quarter, an increase of $621.0 million (10 percent) from fourth quarter 2024. The community bank pretax ROA increased 11 basis points from last quarter to 1.18 percent. Higher net interest income (up $315.7 million, or 1.4 percent) and lower losses on the sale of securities (up $313.7 million, 54.8 percent) along with lower provision expenses (down $249.7 million, or 19 percent) and noninterest expenses (down $423.2 million, or 2.3 percent) more than offset lower noninterest income (down $476.6 million, or 9.1 percent).

    Quarterly Net Interest Margin Ticked Down From the Prior Quarter: The industry reported a modest quarterly decline in net interest income (down $278.3 million, or 0.2 percent), as interest income decelerated slightly more than interest expense. The net interest margin (NIM) fell by two basis points to 3.25 percent, equal to the pre-pandemic average. [1] The community bank NIM of 3.46 percent increased two basis points quarter over quarter, increasing for the fourth consecutive quarter, but is still below the pre-pandemic average of 3.63 percent.  

    Asset Quality Metrics Remained Generally Favorable, Though Weakness in Certain Portfolios Persisted: Past-due and nonaccrual (PDNA) loans, or loans that are 30 or more days past due or in nonaccrual status, fell one basis point from the prior quarter to 1.59 percent of total loans. The industry’s PDNA ratio is still below the pre-pandemic average of 1.94 percent.  While banks reported quarterly decreases in PDNA of credit card loans (down $2.7 billion, or 9 basis points to 3.22 percent), and auto loans (down $2.6 billion, or 48 basis points to 2.84 percent), weaknesses persisted in certain portfolios. The PDNA rate for commercial real estate (CRE) portfolios is the highest it has been since the fourth quarter of 2014 at 1.49 percent. Multifamily CRE PDNAs have grown the most in the past year, up 88 basis points to 1.47 percent.

    The industry’s net charge-off ratio decreased three basis points to 0.67 percent from the prior quarter and is one basis point higher than the year-ago quarter. This ratio is 19 basis points above the pre-pandemic average. Most portfolios had net charge-off rates above their pre-pandemic averages including credit card loans, 123 basis points above the pre-pandemic average at 4.71 percent.  

    Loan Growth Remains Modest: Total loan and lease balances increased $62 billion (0.5 percent) from the previous quarter. The largest portfolio increases were reported in loans to non-depository financial institutions, in part due to continued reclassifications following the finalization of changes to how certain loan products should be reported. In addition to these reclassifications, commercial and industrial, and multifamily CRE contributed to the industry’s quarterly loan growth. The industry’s annual rate of loan growth in the first quarter was 3.0 percent, below the pre-pandemic average of 4.9 percent.

    Total loans at community banks increased 0.8 percent from the prior quarter and 4.9 percent from the prior year, led by increases in nonfarm nonresidential CRE loans and 1-4 family residential mortgage portfolios.

    Domestic Deposits Increased for the Third Consecutive Quarter: Domestic deposits increased $180.9 billion (1 percent) from fourth quarter 2024, rising for a third consecutive quarter. Savings deposits increased, with declines in small time deposits partially offsetting the increases. Brokered deposits decreased $14.9 billion (1.2 percent) from the prior quarter, declining for the fifth consecutive quarter. Estimated insured deposits increased this quarter (up $110.5 billion, or 1 percent).

    The Deposit Insurance Fund Reserve Ratio Increased Three Basis Points to 1.31 Percent: In the first quarter, the Deposit Insurance Fund balance increased $3.8 billion to $140.9 billion. The reserve ratio increased three basis points during the quarter to 1.31 percent.

    Change in Number of Insured Institutions: The total number of FDIC-insured institutions declined by 25 during the first quarter to 4,462. During the quarter, one bank opened, one bank failed and did not file a Call Report in the prior quarter, one bank was sold to an uninsured institution, and 25 institutions merged with other banks. 

    ATTACHMENTS:
    Quarterly Banking Profile Home Page
    Charts & Data
    FDIC Statement

    # # #

    MEDIA CONTACT: 
    Julianne Breitbeil
    202-340-2043
    JBreitbeil@FDIC.gov

    [1] The “pre-pandemic average” refers to the period of first quarter 2015 through fourth quarter 2019 and is used consistently throughout this press release.

    MIL OSI USA News –

  • MIL-OSI Africa: Concerns raised over social grant beneficiaries choosing bank accounts amid rising charges

    Source: South Africa News Agency

    The North West Legislature Portfolio Committee on Health and Social Development has expressed concerns regarding the increasing number of social grant beneficiaries opting to receive their payments through personal bank accounts. 

    The committee said this decision could diminish the value of their grants because of the associated bank charges.

    The issue was raised during a recent oversight meeting with the South African Social Security Agency (SASSA) and the Department of Social Development. 

    SASSA reported that 43 945 grant recipients have chosen to receive their payments directly into their bank accounts, instead of using the traditional SASSA gold cards or the newer Postbank black cards.

    The committee, chaired by Karabo Magagane, believed shifting to personal bank accounts may have unintended consequences.

    “These beneficiaries may not realise that they are losing money to transaction fees and service charges, funds that are meant to support their most basic needs,” she said.

    The meeting was convened to provide an update on the ongoing migration from SASSA gold cards to Postbank black cards. 

    This migration was initiated by the South African Reserve Bank (SARB) following a security breach that affected the previous card system.

    Beneficiaries were originally given a deadline of 31 May 2025 to transition to the new cards. However, that cut-off date has since been removed, allowing beneficiaries to continue applying for payments through either their bank accounts or Postbank black cards.

    “People were rushing to switch cards, some even under pressure. Now, they need clarity and reassurance that their current cards are still functional. You need to ensure that this is communicated widely,” said Magagane.

    The leaders expressed concerns about the limited availability of Postbank conversion sites in the province. 

    Currently, only 12 sites are operational across the North West.

    “Many of our elderly citizens live far from these centres and are not able to travel long distances just to access a card. This could be a driving factor behind the shift to personal bank accounts,” Magagane added. 

    Committee members expressed concern about the extra informal costs incurred by grant recipients. 

    This is after they discovered that spaza shops reportedly charge R10 for each withdrawal, which further decreases the funds that recipients receive.

    “This completely defeats the purpose of a social grant. A grant is supposed to alleviate poverty, not get eaten up by unnecessary charges,” said one committee member.

    In response to the challenges raised, the committee pledged continued engagement with SASSA and Postbank. 

    “We are committed to ensuring that no beneficiary is left behind. We will push for ongoing awareness campaigns, improved accessibility, and sustained outreach efforts so that every grant recipient understands their options and the implications of each,” Magagane added. 

    The committee is scheduled to reconvene in a few weeks to review implementation plans and assess progress on these critical issues. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Russia: Ethiopia’s Central Bank: Leading Transformative Reform

    Source: IMF – News in Russian

    May 28, 2025

    Ethiopia has taken historic steps to address macroeconomic imbalances while fostering sustainable growth

    Over the past year, Ethiopia—Africa’s second most populous country—has embarked on a comprehensive transformation of its monetary and exchange rate regimes. After decades of tight control, the country has liberalized the foreign exchange regime, adopted a more flexible exchange rate, moved to an interest rate-based monetary policy, and ended central bank financing of government. In parallel, the National Bank of Ethiopia (NBE) is updating its legal framework and internal organization. 

    These reforms aim to address acute foreign exchange shortages and inflation, creating conditions for high, sustainable growth. The authorities are also tackling budgetary constraints, financial vulnerabilities in state-owned enterprises and state-owned banks, and a sovereign debt restructuring while mitigating social impacts and managing humanitarian pressures. The IMF is supporting Ethiopia’s reform efforts through a four-year $3.4 billion Extended Credit Facility Arrangement.

    During the 2025 IMF-World Bank Spring Meetings, Mamo Mihretu, Governor of the National Bank of Ethiopia discussed these key reforms with Abebe Aemro Selassie, Director of the IMF’s African Department. The following is an edited transcript of the conversation, focusing on key highlights (view video). 

    Abebe Aemro Selassie: Ethiopia is undergoing significant reforms that are reshaping its economic landscape. Can you provide some context regarding the state of the economy before these reforms?

    Mamo Mihretu: After two decades of sustained economic growth, primarily driven by public investment, Ethiopia faced unsustainable macroeconomic imbalances. The state’s reliance on external creditors, the large public bank, and NBE led to foreign exchange shortages, limited access to credit for the private sector, high inflation, financial stability risks, and debt vulnerabilities.

    Abebe Aemro Selassie: What are the primary objectives of the reform agenda that Ethiopia has embarked upon?

    Mamo Mihretu: We launched our Homegrown Economic Reform Program in 2019. The objective of the reforms was to address fundamentally, boldly, and conclusively the sources of macroeconomic instability in Ethiopia and create a much more open, investment-friendly, and private-sector-friendly environment. These objectives are critical for our job creation agenda that will increase income and improve livelihoods.

    Abebe Aemro Selassie: Can you elaborate on some of the key reforms in Ethiopia’s monetary policy?

    Mamo Mihretu: We have made historic changes, including the revision of the Central Bank Act to prioritize price stability. We introduced a monetary policy rate, implemented open market operations for liquidity management with banks, and established a Monetary Policy Committee to advise on monetary policy decisions based on comprehensive assessments of economic conditions. Interest rates are now positive in real terms. Inflation has declined from 30 percent to 13 percent.

    Abebe Aemro Selassie: What about the reforms related to foreign exchange? What changes have been implemented?

    Mamo Mihretu: Ethiopia has a market-based foreign exchange regime for the first time in five decades. We comprehensively liberalized foreign exchange transactions and eliminated the requirement to surrender export earnings to the NBE. The early results have been promising; we expect exports to double and have already tripled our foreign reserves, while foreign exchange availability has also increased.

    Abebe Aemro Selassie: Communication appears to be a vital aspect of your reform strategy. Can you discuss its importance?

    Mamo Mihretu: Building credibility and trust is essential. We are investing in transparent communication and actively monitor market dynamics. By maintaining open channels of dialogue with stakeholders, we aim to foster a supportive environment for these reforms.

    Abebe Aemro Selassie: What lessons have emerged from your experience in implementing these reforms?

    Mamo Mihretu: Several key lessons stand out. First, preparation and coordination among government agencies are crucial. Second, the sequencing of reforms matters; it helps maintain stability and manage public expectations. Finally, adapting to evolving economic conditions is vital for the success of any reform effort.

    Abebe Aemro Selassie: What are the next steps for Ethiopia in terms of reform and economic development?

    Mamo Mihretu: We have to deepen the current monetary policy reforms as we move to a fully-fledged interest-rate based monetary policy. We are also working on deepening the foreign exchange market. Most importantly we are decisively addressing macroeconomic instability to create a strong foundation for sustainable growth.

    https://www.imf.org/en/News/Articles/2025/05/28/cf-ethiopias-central-bank-leading-transformative-reform

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI China: China, UAE advance cross-border payment cooperation

    Source: People’s Republic of China – State Council News

    BEIJING, May 28 — China’s Cross-Border Interbank Payment System (CIPS) and the central bank of the United Arab Emirates (UAE) have signed a memorandum of understanding to enhance cross-border payment cooperation, the People’s Bank of China (PBOC), China’s central bank, announced on Wednesday.

    The signing is expected to improve payment infrastructure and the efficiency of cross-border payments, according to an online statement by the PBOC, which administers and regulates CIPS.

    Accordingly, CIPS and the central bank of the UAE will work together to develop a cross-border payment connectivity program, which will provide local currency clearing services for financial institutions in the Middle East and North Africa.

    The two sides will also deepen exchanges on risk management and compliance, and make cross-border payment systems safer and more stable, according to the statement.

    MIL OSI China News –

  • MIL-OSI: Zero Hash Secures Regulatory Approval to Operate in Argentina, Accelerating Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    BUENOS AIRES, Argentina, May 28, 2025 (GLOBE NEWSWIRE) — Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced it has secured regulatory approval to operate in Argentina through its approval as a registered Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina. This marks another significant milestone in Zero Hash’s strategic global expansion plans. Zero Hash was awarded approval after completing a rigorous registration process overseen by Argentina’s financial regulatory authorities, who have established some of the most comprehensive crypto regulatory frameworks in Latin America.

    The newly obtained registration enables Zero Hash to onboard Argentinian customers to its growing suite of digital asset services, including stablecoin payments, payouts, and crypto trading services, in full compliance with local regulatory requirements. The achievement adds to Zero Hash’s extensive global regulatory footprint and marks Zero Hash’s continued growth in Latin America following its previous expansion into Brazil.

    “Securing regulatory approval in Argentina represents the continued acceleration in our international growth strategy,” said Edward Woodford, CEO of Zero Hash. “This registration allows us to serve the vibrant Argentinian market, reinforcing our commitment to operate within jurisdictional regulatory frameworks to serve customers anywhere, anytime, 24/7/365.”

    Argentina has emerged as one of Latin America’s most dynamic cryptocurrency markets. Research shows that 65% of Argentina’s population frequently uses mobile wallets and payment applications for transactions, one of the highest adoption rates in Latin America. Additionally, Argentina has the eighth-largest volume in stablecoin payouts among the more than 60 countries handled by Zero Hash’s global stablecoin payouts rail. Like other markets worldwide, Argentinians use digital assets to protect against high inflation and currency instability.

    The extensive regulatory process requires compliance with stringent anti-money laundering protocols, comprehensive KYC procedures, and robust security standards. With this approval, Zero Hash can now:

    • Provide compliant digital asset services to Argentinian businesses and consumers.
    • Establish local operations to better serve the regional market.
    • Contribute to the growth of Argentina’s emerging digital economy.

    “We build our business through proper regulatory channels,” added Stephen Gardner, Chief Legal Officer at Zero Hash. “Our approach has always been to work collaboratively with local regulators to ensure we meet or exceed compliance requirements in every market we enter.”

    This regulatory approval comes at a crucial time for Argentina’s growing freelance workforce. Recent survey data highlights significant challenges within the country’s traditional financial infrastructure, with 88% of respondents indicating that current local banking and payment systems fail to adequately serve freelancers due to high fees, currency volatility issues, and payment delays.

    “Our entry into Argentina addresses a genuine market need,” added Woodford. “Our research shows that an overwhelming 92% of Argentinian freelancers prefer cryptocurrency payment options. We’ve incorporated these options for our local teams in Argentina, recognizing they deserve fair compensation without diminishing their earnings through unfavorable exchange rates. This reflects the real-world utility of digital assets in providing financial stability, reducing transaction costs, and enabling timely compensation for services rendered.”

    About Zero Hash
    Zero Hash is the leading infrastructure provider for crypto, stablecoin, and tokenized assets. Its API and embeddable dev-kit enables innovators to easily launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization and on/off-ramps.

    Zero Hash powers solutions for some of the largest and innovative companies including Interactive Brokers, Stripe, Shift4, Franklin Templeton, Felix Pago, Kalshi and LightSpark. Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    In the United States, Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Zero Hash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company. For information about our global regulatory footprint, including our Argentinian registrations, see here.

    Zero Hash Disclosures

    The Zero Hash services and product offerings may not be available in all jurisdictions, including in the State of New York. Crypto and stablecoin holdings held in Zero Hash accounts are not subject to FDIC or SIPC protections in the U.S., or any such equivalent protections that may exist outside of the U.S. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

    Learn more by visiting zerohash.com or following us on X @ZeroHashX

    Media Contacts
    Zero Hash
    Shaun O’Keeffe
    (855) 744-7333
    media@zerohash.com 

    The MIL Network –

  • MIL-OSI Russia: The EU has adopted legal acts lifting all economic restrictions on Syria

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BRUSSELS, May 28 (Xinhua) — The European Union formally lifted almost all economic sanctions on Syria on Wednesday, adopting a political agreement aimed at supporting the country’s reconstruction, the EU Council said in a press release.

    The EU will lift all restrictive measures related to trade, investment and finance, except those based on security considerations, the press release said.

    As part of the package, 24 organisations, including the Central Bank of Syria and companies involved in key sectors such as oil production and refining, cotton production and telecommunications, are exempted from the EU asset freeze.

    According to the EU Council, several media outlets and television channels were also removed from the sanctions list. –0–

    MIL OSI Russia News –

  • MIL-OSI Africa: African Economic Outlook 2025—Africa’s short-term outlook resilient despite global economic and political headwinds

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group (www.AfDB.org) said Tuesday in its flagship 2025 African Economic Outlook report. 

    Despite the prevailing domestic and external challenges  Africa continues to demonstrate notable resilience. The report, titled “Making Africa’s Capital Work Better for Africa’s Development,” was released during the Bank Group’s 2025 Annual Meetings, taking place in Abidjan, Côte d’Ivoire. It demonstrates the continent’s capacity to weather multiple shocks while identifying pathways to unlock a vast potential for transformation.  

    Strong growth outlook despite global headwinds 

    The report presents encouraging projections despite significant challenges: 

    • 21 African countries will achieve growth exceeding 5 percent in 2025, with four countries—Ethiopia, Niger, Rwanda, and Senegal—potentially reaching the critical 7 percent threshold required for poverty reduction and inclusive growth. 
    • Africa’s projected growth rates will surpass the global average and outpace most other regions except emerging and developing Asia. 
    • Africa’s continued resilience is built on effective domestic reforms and improved macroeconomic management. 

    Mixed growth performance across Africa’s regions 

    Growth prospects vary significantly across regions: East Africa leads with a projected 5.9 percent growth in 2025-2026, driven by resilience in Ethiopia, Rwanda, and Tanzania. West Africa maintains solid 4.3 percent growth, driven by new oil and gas production coming onstream in Senegal and Niger. In the face of persistent headwinds, North Africa is expected to register 3.6 percent growth in 2025. In Central Africa, growth is projected to slow to 3.2% and Southern Africa will grow at only 2.2 percent, with its largest economy, South Africa, expected to achieve only 0.8 percent growth 

    Significant challenges persist. Fifteen countries are experiencing double-digit inflation, while interest payments now consume 27.5 percent of government revenue across Africa, up from 19 percent in 2019. 

    “Africa must now face the challenge and look inwards to mobilizing the resources needed to finance its own development in the years ahead,” said Prof. Kevin Chika Urama, Chief Economist and Vice President of the African Development Bank Group, presenting the report’s findings.  

    Massive domestic resource potential remains untapped  

    The AEO 2025 estimates that, with the right policies, Africa could mobilize an additional $1.43 trillion in domestic resources from tax and non-tax revenue sources through efficiency gains alone. Africa’s extraordinary but underutilized resource base includes: 

    • Natural capital: Africa hosts 30 percent of global mineral reserves and could capture over 10 percent of the projected $16 trillion in revenues from key green minerals by 2030 
    • Human capital: The continent’s median age of 19 represents a demographic dividend that could add $47 billion to Africa’s GDP through improved workforce participation 
    • Financial capital: Pension fund assets have grown to $1.1 trillion, while formal remittances could reach $500 billion by 2035 if transfer costs are reduced 
    • Business capital: Full implementation of the African Continental Free Trade Area could increase exports by $560 billion and boost continental income by $450 billion by 2035 

    Urgent action needed to address resource leakages 

    The report stresses that massive capital outflows are undermining the continent’s development. Compared to $190.7 billion of financial inflows received in 2022, Africa lost approximately $587 billion from financial leakages. Of this, around $90 billion was lost to illicit financial flows, a further $275 billion  siphoned away by multinational corporations shifting profits, and $148 billion lost to corruption. 

    Vice President Urama said: “When Africa allocates its own capital (human, natural, fiscal, business and financial) effectively, global capital will follow Africa’s capital to accelerate investments in productive sectors in Africa.” 

    Key policy recommendations 

    “There can be no substitute to sound macroeconomic policy management, quality institutions and good governance,  and rule of law.” VP Urama said, emphasizing the vital need to bolster governance. 

    The report also calls for comprehensive reforms across several critical areas. On fiscal revenue mobilization, it recommends enhancing tax administration through digitalization, broadening national tax bases, and strengthening social contracts with citizens to improve compliance. It advocates making natural capital accounting mandatory and enforcing domestic value retention through beneficiation requirements.  

    The AEO also emphasizes the need to deepen financial markets by tapping institutional savings, developing local currency bond markets, and harmonizing regulatory frameworks to facilitate cross-border investment.  

    The African Economic Outlook: The 2025 African Economic Outlook provides a comprehensive roadmap for unlocking Africa’s transformation potential through better mobilization and utilization of domestic capital resources. 

    MIL OSI Africa –

  • MIL-OSI Canada: Statement to mark Menstrual Hygiene Day

    Source: Government of Canada News

    May 28, 2025 – Ottawa, Ontario — Women and Gender Equality Canada

    The Honourable Rechie Valdez, Minister for Women and Gender Equality and Secretary of State (Small Business and Tourism), made the following statement on Menstrual Hygiene Day.

    “Menstrual Hygiene Day is a reminder that we must always tackle the stigma around menstruation – and the very real impact that period poverty has on people’s lives.

    Menstrual equity also has an important impact on the economy, as period poverty can affect workforce participation, contribute to absenteeism, and limit productivity. For instance, 15% of people in Canada who menstruate say their inability to afford menstrual products holds them back from participating in daily activities, such as attending school or work. Through Food Banks Canada we are running the Menstrual Equity Fund pilot to address barriers to accessing menstrual products. This initiative is dedicated to ensuring that menstruation is never a barrier to education or employment.

    This Menstrual Hygiene Day let’s help raise awareness on what menstrual equity really means. Let’s keep pushing to end period poverty in Canada. Join the conversation online by using #MHDay2025 and help challenge taboos and make menstrual health a priority.”

    MIL OSI Canada News –

  • MIL-OSI Russia: Financial News: Russian Economy and Financial System Remain Stable

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The Russian economy has continued to grow over the past six months. The position of banks and other financial institutions remains stable, including due to the fact that the Bank of Russia tightened regulation in a timely manner.

    Most companies have enough profit to service their loans and will be able to comfortably ride out the period of economic slowdown and high rates.

    The measures of the Bank of Russia, as well as the budget rule, will help maintain macroeconomic stability and the sustainability of the financial system.

    Read more in the next Financial Stability Review.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24645

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Cryptocurrency-Linked Financial Instruments to Become Available to Qualified Investors

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    Financial institutions may offer qualified investors derivative financial instruments, securities and digital financial assets, the profitability of which is tied to the value of cryptocurrency. The key condition is that such instruments should not provide for the actual delivery of cryptocurrency.

    For credit institutions recommended conservatively assess the risks of such instruments: provide for their full coverage by capital, and also set a separate limit for them. During the year, the Bank of Russia plans to formalize a conservative approach to regulating the risks of credit institutions associated with changes in the value of cryptocurrencies.

    The Bank of Russia still does not recommend financial institutions and their clients to invest directly in cryptocurrencies. Proposals of the Bank of Russia on the launch of an experimental regime, where only certain categories of investors will be able to make transactions with cryptocurrencies, are being approved by the Government.

    Preview photo: Timofeev Vladimir / Shutterstock / Fotodom

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24647

    MIL OSI Russia News –

  • MIL-OSI Africa: The African Development Bank approves an investment of US$100 million in Arise Integrated Industrial Platforms Limited.

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    The Board of Directors of the African Development Bank (www.AfDB.org) has approved an investment of $100 million in the industrial platform developer and operator Arise Integrated Industrial Platforms Ltd (Arise IIP) to contribute to funding industrial parks and special economic zones across Africa as a part of our industrialization strategic priority and flagship Special Agro-Industrial Processing Zones (SAPZ).

    The industrial platforms developed and operated by Arise IIP are primarily dedicated to supporting the transformation of key agricultural and industrial value chains in African countries that are leading global suppliers of raw commodities but have limited local processing capabilities. The platforms will provide developed industrial land, shared infrastructure and utilities, good export connectivity and simplified administrative procedures to agro-industrial tenants, allowing them to relocate global supply chains and value addition within African countries, while contributing to the reduction of carbon footprint of trade flows.

    Arise IIP seeks to replicate its successful industrial platform implementation experience in Gabon, Togo and Benin by establishing Special Economic Zones across other African countries with the aim of improving Africa’s export competitiveness and intra-Africa trade strategies.

    “There is economic and social value to be added to African-grown commodities like timber, cashew, cocoa and cotton when they are processed locally instead of being exported in raw form. Through programs like the African Development Bank’s Special Agro-Industrial Processing Zones and investments in Zones partner companies like Arise IIP, we enable transformative, private sector-led agro-industrialization that boosts local processing of commodities, creates jobs and grows rural economies,” said Dr. Beth Dunford, the African Development Bank’s Vice President for Agriculture, Human and Social Development.

    Based on Arise IIP’s existing portfolio in Gabon (Gabon Special Economic Zone – GSEZ), Benin (Glo Djigbe Industrial Zone – GDIZ) and Togo (Plateforme Industrielle d’Adetikope – PIA), it is estimated that over 400 companies have been on-boarded from 47 industry sectors, which has led to the creation of over 50,000 jobs. The dominant sectors include wood, glass, soya, cashew processing, cotton processing and textiles, ceramics, beverages, pharmaceuticals and meat processing. It is also estimated that over $7 billion has been mobilized by tenant companies within the existing zones.

    “This investment in ARISE IIP is a signal of the Bank’s commitment to scaling up industrialization in Africa in value chains where we are competitive. This is also a demonstration of the strategic partnership we have with African MFIs such as the Africa Finance Corporation (AFC) and the Fund for Export Development in Africa (FEDA), the Afreximbank’s equity impact investment arm, who are the principal equity investors in ARISE IIP. This is a good demonstration of our joint goals of making Africa’s capital work better for Africa’s development”, said Solomon Quaynor, African Development Bank’s Vice President for Private Sector, Infrastructure and Industrialization.

    Gagan Gupta, CEO of Arise IIP, remarked, “The African Development Bank’s investment highlights their confidence in our model as a driver of Africa’s industrial growth. We are excited to strengthen our efforts in transforming local value chains, creating jobs, and supporting sustainable economic development across the continent. The dedication, vision, and hard work of the entire Arise team have been instrumental in building this partnership.”

    MIL OSI Africa –

  • MIL-OSI: Orange Bank Appoints Stephanie Melowsky to Lead Legal Services Division, Overseen by Industry Veteran Joseph Ruhl

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., May 28, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Co., the market-leading financial institution dedicated to serving the legal services industry and an economic engine of New York’s Hudson Valley for more than 133 years, today announced the appointment of Stephanie Melowsky, Esq. as the leader of its Legal Services Industry Specialty.

    Stephanie is an attorney who has worked in the banking industry for more than 20 years. She will work closely with Joseph Ruhl, Esq. who has been with the Bank for more than 10 years and is a highly regarded expert on Interest on Lawyer Account (IOLA) and attorney escrow accounts.

    This strategic move further solidifies Orange Bank’s commitment to providing unparalleled financial expertise and tailored banking solutions to attorneys and law firms throughout Orange, Rockland, Westchester and the Bronx. Stephanie’s leadership, experience, and local network, combined with Joe’s deep understanding of the legal profession and its unique financial requirements, will be crucial in further developing the Bank’s specialized suite of products and services designed specifically for attorneys, including tailored lending options, trust account management, and practice management solutions.

    “Orange Bank has long been recognized as a trusted partner and advisor in the lawyer banking sector, regularly hosting and providing CLE classes on topics such as ethical considerations concerning escrow accounts and protecting lawyers against cyber-based fraud on their bank accounts,” said Michael Gilfeather, President and CEO, Orange Bank & Trust Company. “Stephanie’s appointment represents an exciting new chapter for the Bank’s Legal Services Industry Specialty. With her leadership and Joe’s industry knowledge, we are even better positioned to serve and anticipate the evolving needs of our attorney and law firm clients.”

    Joe, a valued member of the Orange Bank team and a former practicing attorney, brings a unique perspective to lawyer and law firm banking needs. Prior to joining Orange Bank & Trust in 2015, Joe was the head of the legal services division at Hudson Valley Bank. His extensive knowledge of IOLA regulations and attorney escrow accounts has made him a frequent lecturer on attorney banking issues and a thought leader within the legal community. In collaboration with Stephanie, Joe will provide invaluable guidance and ensure Orange Bank’s offerings continue to meet the highest ethical and practical standards of the legal profession.

    Orange Bank’s dedicated focus and unique product offerings have established it as the “go-to” financial partner for attorneys seeking specialized financial guidance. The Bank’s commitment extends beyond traditional banking services, offering valuable insights and resources to support the financial well-being and success of legal professionals.

    Stephanie said, “I am thrilled to join Orange Bank and continue to grow the Legal Services Industry Specialty. The Bank’s stellar reputation and commitment to serving attorneys is truly impressive, and I look forward to working alongside Joe and the team to build upon this strong foundation and deliver even greater value to our clients.”

    “Stephanie’s expertise is a tremendous asset to our Legal Services Industry Specialty, and I am confident that together we will provide the exceptional service and specialized knowledge that our attorney clients have come to expect,” said Joe.

    About Orange Bank & Trust Company
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, payment processing and wealth management services. For more than 133 years, Orange Bank & Trust Company has been an economic engine of the community, with more than $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, creating jobs for generations of residents, spurring region-defining developments, and maximizing investments to neighborhood-serving non-profits. The Bank is regularly recognized as one of New York’s top places to work.

    Contact Info: Candice Varetoni, AVP Marketing Officer,
    Cvaretoni@orangebanktrust.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [Craneware]

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: Danske Bank A/S
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Craneware PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 27 May 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: Equity
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 537 041,00 1,52    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 537 041,00 1,52    

    All interests and all short positions should be disclosed.
    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    Equity Sale          1000
               		 20.4546 GBP

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 28 May 2025
    Contact name: Kotryna Cinciuke
    Telephone number*: +37060405825

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Banking: Joint Statement of The Association of Southeast Asian Nations (ASEAN), The Cooperation Council for the Arab States of the Gulf (GCC), and The People’s Republic of China (ASEAN-GCC-China Summit)

    Source: ASEAN – Association of SouthEast Asian Nations

    WE, the Member States of the Association of Southeast Asian Nations (ASEAN), the Cooperation Council for the Arab States of the Gulf (GCC), and the People’s Republic of China, gathered on the occasion of the ASEAN-GCC-China Summit on 27 May 2025, in Kuala Lumpur, Malaysia;
     
    ACKNOWLEDGING the long-lasting and deeply-rooted historical and civilisational linkage and economic ties among ASEAN, GCC, and China;
     
    Download the full statement here.
    The post Joint Statement of The Association of Southeast Asian Nations (ASEAN), The Cooperation Council for the Arab States of the Gulf (GCC), and The People’s Republic of China (ASEAN-GCC-China Summit) appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Video: Chief Economists Outlook May 2025

    Source: World Economic Forum (video statements)

    The World Economic Forum’s Saadia Zahidi sat down with three experts for a briefing on the latest Chief Economists Outlook. ABN Amro Chief Economist Sandra Philippen, Zurich Insurance Chief Market Strategist & Economist Guy Miller, and ICBC Standard Bank Chief China Economist Jinny Yan offered their perspectives on a relatively downbeat outlook, and where we go from here.  

     

    Watch the session here: https://www.weforum.org/stories/2025/05/the-briefing-room-chief-economists-outlook-may-2025/

    Links:

    Chief Economists Outlook May 2025: https://www.weforum.org/publications/chief-economists-outlook-may-2025/

    Related podcasts:

    The global economy ‘at a crossroads’ ahead of Davos: Chief Economists Outlook (https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-ralph-ossa-wto/)

    Slow growth and the cost of debt: the World Bank’s Chief Economist on the global outlook (https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-world-bank-indermit-gill/)

    How leaders can prepare teams for the future of work: ADP’s Chief Economist (https://www.weforum.org/podcasts/meet-the-leader/episodes/jobs-tasks-future-of-work-adp-chief-economist/)

    Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : 

    YouTube: https://www.youtube.com/@wef

    Radio Davos (https://www.weforum.org/podcasts/radio-davos) – subscribe (https://pod.link/1504682164) : https://pod.link/1504682164

    Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) – subscribe (https://pod.link/1534915560) : https://pod.link/1534915560

    Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) – subscribe (https://pod.link/1574956552) : https://pod.link/1574956552

    Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
     

    https://www.youtube.com/watch?v=KevE63VaSwc

    MIL OSI Video –

  • MIL-OSI Europe: ECB Consumer Expectations Survey results – April 2025

    Source: European Central Bank

    28 May 2025

    Compared with March 2025:

    • median consumer perceptions of inflation over the previous 12 months remained unchanged, as did median expectations for inflation three and five years ahead, while median inflation expectations for the next 12 months increased further;
    • expectations for nominal income growth over the next 12 months decreased, while expectations for spending growth over the next 12 months increased;
    • expectations for economic growth over the next 12 months became more negative, while the expected unemployment rate in 12 months’ time increased;
    • expectations for growth in the price of homes over the next 12 months increased, as did expectations for mortgage interest rates 12 months ahead.

    Inflation

    In April, the median rate of perceived inflation over the previous 12 months remained unchanged for the third consecutive month at 3.1%. This is its lowest level since September 2021. Median expectations for inflation over the next 12 months increased further by 0.2 percentage points to 3.1%, the highest level since February 2024. Expectations for three years ahead remained unchanged at 2.5%. Expectations for inflation five years ahead were unchanged for the fifth consecutive month at 2.1%. For the first time since July 2021, median inflation expectations over the next 12 months did not stay below the level of inflation perceptions over the previous 12 months (both at 3.1%). Uncertainty about inflation expectations over the next 12 months also increased in April, reaching the same level as in June 2024. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, over the previous year and a half inflation perceptions and short-horizon expectations for lower income quintiles were, on average, slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (those aged 35-54 and 55-70), albeit to a lesser degree than in previous years. (Inflation results)

    Income and consumption

    Consumers’ nominal income growth expectations over the next 12 months decreased to 0.9%, from 1.0% in March. Perceived nominal spending growth over the previous 12 months decreased to 4.9%, from 5.0% in March. Conversely, expected nominal spending growth over the next 12 months increased to 3.7% in April, from 3.4% in March. This increase was observed across all income groups. (Income and consumption results)

    Economic growth and labour market

    Economic growth expectations for the next 12 months became more negative, falling to -1.9% in April from -1.2% in March. Expectations for the unemployment rate 12 months ahead increased to 10.5%, from 10.4% in March. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (9.8%), implying a broadly stable labour market. Quarterly data showed that unemployed respondents reported a lower expected probability of finding a job over the next three months, falling from 25.1% in January to 21.9% in April. Employed respondents reported that their expected probability of job loss over the next three months decreased to 8.4% in April, from 8.6% in January. (Economic growth and labour market results)

    Housing and credit access

    Consumers expected the price of their home to increase by 3.2% over the next 12 months, up from 3.1% in March. Households in the lowest income quintile continued to expect higher growth in house prices than those in the highest income quintile (3.6% and 3.0% respectively), while the difference between the two groups was smaller than on average in 2024. Expectations for mortgage interest rates 12 months ahead increased to 4.5%, from 4.4% in March. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (5.1%), while the highest income households expected the lowest rates (4.0%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months increased slightly (from 20.2% in March to 21.7% in April), while the net percentage of those expecting a tightening over the next 12 months increased more substantially (from 15.5% in March to 20.8% in April). The share of consumers who reported having applied for credit during the past three months, which is measured on a quarterly basis, increased to 15.6% in April from 15.0% in January. (Housing and credit access results)

    The release of the Consumer Expectations Survey (CES) results for May is scheduled for 1 July 2025.

    For media queries, please contact: William Lelieveldt, tel.: +49 170 2279090.

    Notes

    MIL OSI Europe News –

  • MIL-OSI Banking: Young Innovators Take Centre Stage as Samsung ‘Solve for Tomorrow’ Rolls Through Hyderabad and Bengaluru

    Source: Samsung

     
    Samsung’s Solve for Tomorrow Season 4 has made its way to South India, fueling a wave of youth-driven innovation. Across the dynamic campuses of Hyderabad and the bustling tech hubs of Bengaluru, students are uniting to envision a brighter future for their communities, armed with empathy, purpose, and the principles of design thinking.  
     
    Samsung ‘Solve for Tomorrow 2025’ will provide INR 1 crore to the top four winning teams to support the incubation of their projects, along with hands-on prototyping, investor connects, and expert mentorship from Samsung leaders and IIT Delhi faculty.
     
    At the University of Hyderabad, hundreds of students immersed themselves in a design thinking workshop, challenging the status quo and uncovering solutions to everyday problems.  
     
    “For me, the turning point was when the instructor said, ‘There are countless problems in the world, but only a few who take action to solve them,’” said R. Deepika, a Business Analytics student. “That statement inspired me to become one of those problem-solvers and create meaningful impact.”   
     
    Mukta, a Healthcare and Hospital Management student, also experienced a shift in perspective. “This session taught me to think like an entrepreneur. A simple idea can transform the world, and now I’m determined to bring mine to life,” she said.  
     
    The momentum didn’t stop in there. At KG Reddy Engineering College in Hyderabad, D. Ganesh Reddy, a BTech Computer Science Engineering student, left the workshop with a clear understanding of how technology can address local challenges.  
     
    “The session showed me that student ideas can lead to real-world change if we approach them with curiosity and structure,” he said.  
     
    Similarly, over 500 students from top institutions like Jain University, Dr. Chandrama Dayanand Sagar Institute of Medical Education and Research, and Kempowda Institute of Medical Sciences gathered to explore design thinking and innovation in action.  
     
    “This workshop opened my eyes to the problems in my own community,” said Joel J, a second-semester B.Tech student. “For the first time, I realized I could be the one to solve them.”  
     
    A Movement for Innovation  
    Across these cities, the workshops have done more than generate ideas—they’ve sparked confidence. Confidence that young minds, with the right mindset and guidance, can drive transformative change.  
     
    As Solve for Tomorrow continues its journey across India, it’s not just expanding its reach—it’s unlocking new possibilities. From Hyderabad to Bengaluru and soon to regions like the North-East, the program is cultivating a future powered by student-led innovation.  
     
    Applications are open, and the next generation of problem-solvers is already in motion.  
     
    Let the ideas flow.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Apple launches Self Service Repair for iPad, expands repair programs

    Source: Apple

    Headline: Apple launches Self Service Repair for iPad, expands repair programs

    Apple today announced the addition of iPad to Self Service Repair, providing iPad owners with access to repair manuals, genuine Apple parts, Apple Diagnostics troubleshooting sessions, tools, and rental toolkits. Beginning tomorrow, with support for iPad Air (M2 and later), iPad Pro (M4), iPad mini (A17 Pro), and iPad (A16), the launch features components including displays, batteries, cameras, and external charging ports. Today’s announcement joins the expansion of other Apple repair services that further enable customers and independent repair providers to complete out-of-warranty repairs, including new details about the Genuine Parts Distributor program.

    “At Apple, our goal is to create the world’s greatest products that last as long as possible,” said Brian Naumann, Apple’s vice president of AppleCare. “With today’s announcement, we’re excited to expand our repair services to more customers, enabling them to further extend the life of their products — all without compromising safety, security, or privacy.”

    Launched in 2022, Self Service Repair provides consumers who are comfortable completing their own repairs access to the same manuals, genuine Apple parts, and tools used at Apple Store locations and Apple Authorized Service Providers. Building on Apple’s commitment to expand repair access, the company continues to grow Self Service Repair to support even more products and regions: With the addition of iPad, the Self Service Repair Store now supports 65 Apple products, including the recently released iPhone 16e, MacBook Air, and Mac Studio. This summer, Canada will become the 34th country in which Apple offers Self Service Repair.
    Today’s package of announcements also includes more details about Apple’s Genuine Parts Distributor program. The recently launched program broadens access to businesses that do not have a direct service relationship with Apple, fulfilling a need in the repair marketplace while providing customers with more options. Through Genuine Parts Distributor, independent mobile repair professionals can order genuine Apple service parts and components via third-party distributors, including MobileSentrix in the U.S., and MobileSentrix and Mobileparts.shop in Europe. Genuine Parts Distributor offers a wide range of Apple parts for iPhone repairs, including displays, batteries, and charging ports, with iPad parts coming tomorrow. Repair providers interested in learning more can visit the program page.

    Over the past several years, Apple has accelerated its repair footprint by expanding the number of professional service locations that have access to genuine Apple parts, tools, and training. Repair options include Apple Store locations, Apple Authorized Service Providers, Independent Repair Providers, mail-in repair centers, Self Service Repair, and the Genuine Parts Distributor program.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Anthony Markham Consulting Limited

    Source: Isle of Man

    Notice is hereby given that Anthony Markham Consulting Limited, which was registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) of this Act with effect from 28/05/2025.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: LCQ20: Borrowing on the part of foreign domestic helpers

    Source: Hong Kong Government special administrative region

    LCQ20: Borrowing on the part of foreign domestic helpers 
    Question:
     
         The Government has indicated that the borrowing problems of foreign domestic helpers (FDHs) not only affect their own financial well-being, but also bring much trouble to their employers. It has been reported that in recent years, there have been instances where employers or former employers of FDHs are harassed by money lenders or financial intermediaries as FDHs default on loans. In this connection, will the Government inform this Council:
     
    (1) of the annual number of cases received by the Companies Registry from FDH employers, in 2024 and this year to date, in which harassment was allegedly inflicted on them by licensed money lenders during debt recovery from their FDHs;
     
    (2) given that in reply to a question raised by a Member of this Council on November 27 last year, the Government indicated that it was formulating specific measures for public consultation along such directions as reviewing the existing regulations on money lenders and enhancing publicity and education, and it planned to commence such consultation in the first half of this year, of the progress of the public consultation on such new measures and the actual implementation timetable;
     
    (3) as the revised Code of Practice for Employment Agencies (CoP) promulgated by the Labour Department (LD) in May last year requires employment agencies to, when making an application for a licence and renewal of a licence, inform the LD of whether they are associated with any financial institution, of the number of employment agencies that have made such declarations to LD since the revision of CoP;
     
    (4) given that in reply to a question raised by a Member of this Council on January 8 this year, the Government indicated that only about 90 licensed money lenders had joined or were in the process of joining “Credit Data Smart” (CDS), a Credit Reference Platform, how the authorities plan to encourage the remaining licensed money lenders to join CDS so that the affordability of borrowers (including FDHs) for unsecured personal loans can be more accurately assessed by the industry; and
     
    (5) as it is learnt that some FDHs have successfully applied for loans using their former employers’ addresses despite the completion of their agreements, whether the authorities have plans to address this issue, such as requiring financial institutions to verify with the authorities whether the FDH has an employment relationship with the employer declared by him or her before approving the loan?
     
    Reply:
     
    President,
     
         The Government is very concerned about the borrowing issue of foreign domestic helpers (FDHs) and will strictly regulate licensed money lenders (money lenders) and step up publicity and education etc, to better protect the interests of FDHs and their employers. In consultation with the Labour and Welfare Bureau, Companies Registry (CR) and the Hong Kong Monetary Authority (HKMA), the reply to various parts of the question is as follows:
     
    (1) In 2024 and 2025 (as at April), the CR received 11 and four complaints respectively on the alleged harassment of employers of FDHs by licensed money lenders due to debt collection in relation to the FDHs. The CR referred the cases concerned to the Police for handling.
     
    (2) The Government has been closely monitoring the market situation in the money lending sector to continuously review and enhance the prevailing regulatory measures. In 2021, we enhanced the licensing conditions of money lenders, including requiring money lenders, before entering into a loan agreement for an unsecured personal loan, to undertake an assessment of the borrower’s repayment ability and have due regard to the assessment outcome, and requiring money lenders to immediately cease to use a referee’s information after they are informed or aware that the written consent was in fact not signed by the referee. In 2022, we lowered the statutory interest rate cap and the threshold of extortionate rate from 60 per cent to 48 per cent and from 48 per cent to 36 per cent respectively.
     
         To step up efforts in addressing the issue of excessive borrowing, we will commence a public consultation this June on enhancing regulation of unsecured personal loans and strengthen protection for loan referees etc, and will consult the Legislative Council Panel on Financial Affairs in July. After the consultation period, we will collate and summarise the views to be received to finalise relevant measures and formulate relevant legislative proposals.
     
    (3) To enhance the protection for job seekers and employers, the Labour Department (LD) promulgated the revised Code of Practice (CoP) for Employment Agencies on May 9, 2024. The revised CoP requires employment agencies (EAs) to declare, when applying for a licence or licence renewal, whether they operate any financial institution on the same premises as EAs, and whether the EA licensee or the person intending to be the licensee is at the same time the responsible person of any financial institution.
     
         As at April 2025, the LD received and processed declarations from 3 362 EAs during applications for a licence or licence renewal in accordance with the aforementioned requirement. Among the 3 362 EAs, 41 EAs declared affiliations with financial institutions.
     
    (4) To encourage more money lenders to join the Credit Data Smart (CDS), the Government and the HKMA have been working closely with the Hong Kong Association of Banks, the Hong Kong Association of Restricted Licence Banks and Deposit-taking Companies, and the Hong Kong S.A.R. Licensed Money Lenders Association Limited to research into and provide different solutions, as well as to organise briefing sessions on the CDS and proactively invite money lenders that have not joined the CDS to meetings.
     
         Furthermore, under the strong support and promotion of the HKMA, the platform operator (i.e. Hong Kong Interbank Clearing Limited) has developed an interface, namely the “Common Module”, which provides an effective, lower-cost, and more convenient way for money lenders to connect to the CDS, saving the need to establish their own application programming interfaces (API).
     
         The Government and the HKMA will continue to co-operate with the industry to develop enhancement measures to assist more money lenders in joining the CDS, so as to build a more comprehensive database.
     
    (5) To address situation of employers or former employers being harassed due to borrowing of their FDHs, the licensing conditions of the current money lenders licence have clearly set out the relevant regulatory requirements. According to licensing condition 10 of the money lenders licence, a money lender and his debt collector shall only recover debts from the person who is in law indebted to him. A money lender and his debt collector shall not, while trying to locate the whereabouts of debtors, harass anyone, adopt unlawful or improper debt collection practices. Therefore, if a FDH employer or former employer discovers that his/her residential address is used improperly and feels harassed, he/she may lodge a complaint with the money lender concerned and request immediate cessation of his improper debt collection behaviours.
     
         Money lenders should strictly comply with the licensing conditions in carrying on their business. Any breach of the licensing conditions during the course of business is an offence under the Money Lenders Ordinance. Upon conviction, offenders are subject to a maximum fine of $100,000 and imprisonment for two years. If the Registrar of Money Lenders (Registrar) and the Police consider that a money lender has ceased to be a fit and proper person to carry on business as such, they may apply to the Licensing Court for revocation of his licence or refusal of his licence renewal application. Therefore, if there is any complaint against a money lender for improperly harassing a FDH employer or former employer, the complaint may serve as a ground for the Registrar or the Police to apply to the Licensing Court for revocation of his licence, or make an objection against his licence renewal application.
     
         In addition, we will step up promotional and educational efforts targeting the FDH community, reminding FDHs that they could not provide their employers’ or former employers’ addresses as the borrower’s contact address without seeking their prior consent. We will also strengthen co-operation with the LD and non-governmental organisations to ensure that the relevant messages are effectively conveyed.
    Issued at HKT 16:21

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: France: EIB supports Bordeaux Métropole Énergies’ investment plan for decarbonisation in the Gironde department

    Source: European Investment Bank

    EIB

    • A €90 million loan from the European Investment Bank will enable the company majority-owned by Bordeaux Métropole to strengthen its business as part of its 2024-2028 strategic plan.
    • The funding will cover multiple aspects of the plan, ranging from the development of renewable energy in the Gironde to the energy renovation of individual properties and jointly-owned buildings.
    • For the EIB, this financing is also part of the European Union’s plan for the continent’s energy and green transition known as Repower EU.

    The European Investment Bank (EIB) and Bordeaux Métropole Énergies (BME) have signed a €90 million loan agreement in support of a strategic plan for this semi-public company which supports the energy transition of local authorities, businesses and individuals in the Gironde department.

    This funding aims at supporting BME in four areas of activity:

    • development of photovoltaic solutions in urban and rural areas for local authorities or businesses;
    • creation and extension of district heating and cooling networks for infrastructure sourced by renewable energy;
    • development of biogas production projects via anaerobic digestion and financing of energy efficiency renovation work on individual properties and jointly-owned buildings.

    “We are pleased to support Bordeaux Métropole Énergies in its energy transformation plan, which will have a positive impact across the Gironde department,” said EIB Vice-President Ambroise Fayolle.

    “Promoting renewable energy, financing innovative solutions and reducing the energy bill of local authorities, businesses and individuals are the goals of the EIB in terms of climate action and the energy transition, so that EU financing can benefit everyone living in local communities.”

    “The EIB’s support marks an important step for BME and its enterprises in their ability to play a key strategic and operational role in building a carbon-neutral territory by 2050,” said Claudine Bichet, Chair of BME’s Board of Directors.

    “It enables us to step up our investment in energy and low-carbon solutions along with local authorities and companies in the Gironde department,” said BME Managing Director Audrey Dugal.

    For BME, this funding will make it possible to implement the commitments set out in its roadmap published in 2024. It boosts the group’s ability to invest in the region to develop solar photovoltaic projects on roofs, car parks and in ground-based power plants, generate renewable heating and cooling networks, produce biogas and increase the energy-efficient renovation of buildings.

    For the EIB, this financing is part of a long tradition of supporting local authorities in France. It also forms part of the Bank’s climate action activity, which is one of the EIB’s strategic priorities, as well as supporting the REPowerEU programme, launched by the European Commission in 2022, aimed at reducing Europe’s dependence on fossil fuels and accelerating the green energy transition. By helping people to renovate their homes, this funding ultimately aims to help make the housing sector more low-carbon in France and across the European Union.

    Background information

    About the EIB

    The European Investment Bank is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives in climate action, environment, digitalisation, technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

    In 2024 the EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 projects in Europe and across the world. In France, the EIB Group signed more than 100 operations in 2024 for a total amount of €12.6 billion. Almost 60% of the EIB Group’s annual financing supports projects contributing to climate change mitigation, adaptation, and a healthier environment.

    About the Bordeaux Métropole Energies Group

    A major player in local energy transition, Bordeaux Métropole Energies (BME) is a group composed of four subsidiaries (Gaz de Bordeaux, Mixener, Néomix, Regaz-Bordeaux) and two brands (Facirénov and Via33), all committed to decarbonisation. They support local authorities, businesses and individuals in their energy revolution and decarbonisation through energy renovation activities and the construction of a local and diversified energy mix (biogas, solar, heating and cooling, and renewables). BME has been a local semi-public company since 2017 and its shareholding structure comprises public partners such as Bordeaux Métropole (67.9%), private players like Engie (20%), Banque des Territoires (12%) and 13 municipalities of the Bordeaux region (0.1%).

    Bordeaux Metropole Eau Potable
    EIB supports Bordeaux Métropole Énergies’ investment plan for decarbonisation in the Gironde department
    ©EIB
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    Bordeaux Metropole Eau Potable
    EIB supports Bordeaux Métropole Énergies’ investment plan for decarbonisation in the Gironde department
    ©EIB
    Download original

    MIL OSI Europe News –

  • MIL-OSI: Netcompany- Major shareholder announcement

    Source: GlobeNewswire (MIL-OSI)

    Company announcement
    No. 14/2025

    28 May 2025

    Netcompany Group A/S (“Netcompany”) hereby announces the following notification received pursuant to section 38 of the Danish Capital Markets Act from Danske Bank A/S, regarding their direct and indirect holdings and voting rights in Netcompany.

    On 27 May 2025 Danske Bank A/S informed Netcompany, that Danske Bank A/S on 14 March 2023 directly and indirectly via Danica Pension Livsforsikringsaktieselskab, Investeringsforeningen DI, Investeringsforeningen DI Select, Kapitalforeningen DI Institutional, Danske Bank A/S, and Sicav Capital LUX controlled 2,465,823 voting rights corresponding to 4.93% of the total voting rights in the Company. Their direct and indirect voting rights at the previous announcement was 5.00%.

    This announcement is in accordance with section 30 of the Danish Capital Markets Act.

    For further information, please see the attached notification form.

    Additional information
    For additional information, please contact:

    Netcompany Group A/S
    Thomas Johansen, CFO, + 45 51 19 32 24
    Frederikke Linde, Head of IR, +45 60 62 60 87

    Attachments

    The MIL Network –

  • MIL-OSI Economics: Development Asia: Closing Learning Gaps Through Scalable and Innovative Solutions

    Source: Asia Development Bank

    Focused, scalable interventions can bridge learning gaps, as demonstrated by Pratham’s Read India initiative.

    Prioritizing interactive, student-centered teaching methods has proven successful. Finland’s holistic model emphasizes collaboration and creativity, while Kenya’s “Tusome” project has trained teachers in participatory learning strategies, significantly improving literacy rates. When students are actively engaged in their learning, they become more motivated and perform better.

    Adaptive assessments and real-time quiz platforms like Class Saathi are helping teachers identify learning gaps instantly and tailor instruction accordingly. These methods not only reduce the burden of manual grading but also create a continuous feedback loop that supports individual learning progress.

    Countries like Singapore are shifting toward holistic evaluations that nurture emotional intelligence and creativity alongside academic achievement. Similarly, Japan is adopting personalized learning frameworks to ensure that no child is left behind. Schools embracing inclusive innovation—whether through policy, pedagogy, or technology—are seeing measurable improvements in participation and learning outcomes.

    Low-tech and offline solutions can also be leveraged. Some tools are specifically designed to function without internet or electricity, ensuring equitable access to personalized learning even in the most remote schools. Pilot programs have shown that when solutions are tailored to local contexts, even minimal infrastructure can support meaningful educational improvements. Countries like Rwanda are prioritizing early learning to establish strong foundations in literacy and numeracy.

    Collaborative efforts between governments and organizations are bridging infrastructure gaps, equipping schools with essential resources and tools.

    When designed with simplicity and scalability in mind, educational technology can enhance learning in diverse and underserved environments.

    MIL OSI Economics –

  • MIL-OSI Video: The Briefing Room | Chief Economists Outlook May 2025

    Source: World Economic Forum (video statements)

    With uncertainty continuing to shape global markets, understanding the path forward is more important than ever. We spoke with leading economists—Jinny Yan of ICBC Standard, Guy Miller of Zurich Insurance and Sandra Phlippen of ABN AMRO Bank—who shared their insights on what to expect and how to navigate the changes to come.

    The World Economic Forum’s Chief Economists Outlook May 2025 edition is out now: https://wef.ch/chiefeconmay25

    #chiefeconomists25 #GlobalEconomy #Trade

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=dcEadzxYjqY

    MIL OSI Video –

  • MIL-OSI: Management changes in Spar Nord Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 17

    Management changes in Spar Nord Bank A/S

    Agreements have been reached regarding the step down of Lasse Nyby and John Lundsgaard

    In continuation of the completed voluntary takeover offer from Nykredit Realkredit A/S (Nykredit), whereby Nykredit acquired the majority shareholding in Spar Nord Bank A/S (Spar Nord), agreements have been entered into with the board of directors of Spar Nord, whereby Lasse Nyby will resign as CEO of Spar Nord and John Lundsgaard as managing director of Spar Nord.

    Lasse Nyby and John Lundsgaard will both resign from Spar Nord’s executive board no later than on 30 June 2025.

    Kjeld Johannesen, chairman of Spar Nord’s board of directors, says: “The agreed resignation is a natural extension of Nykredit’s acquisition of the majority shareholding in Spar Nord today. Lasse Nyby and John Lundsgaard have both been part of the bank’s executive board for more than 25 years. They both have a large share of the credit for Spar Nord’s development from a regional bank to a nationwide bank today. This is the reason why Spar Nord is contributing with great strength to a new and merged bank that will be an attractive alternative to the largest listed banks. On behalf of the board of directors, we would like to express our gratitude to Lasse Nyby and John Lundsgaard for their great and dedicated work.”

    Questions may be directed to Kjeld Johannesen on +45 40 19 15 55.

    Attachment

    The MIL Network –