Category: Banking

MIL-OSI: Golar LNG Limited Interim results for the period ended March 31, 2025

Source: GlobeNewswire (MIL-OSI)

Highlights and subsequent events

Golar LNG Limited (“Golar” or “the Company”) reports Q1 2025 net income attributable to Golar of $8 million, Adjusted EBITDA¹ of $41 million and Total Golar Cash¹ of $678 million.

Concluded the 20-year charter of FLNG Hilli for Southern Energy S.A. (“SESA”) in Argentina.

Signed definitive agreements for a 20-year charter for the MKII FLNG to SESA. Combined with the FLNG Hilli charter, the project will be for 5.95 mtpa of nameplate capacity – one of the world’s largest FLNG development projects.

FLNG Gimi in final stages of commissioning on the GTA field, Commercial Operations Date (“COD”) expected within Q2.

MKII FLNG conversion vessel Fuji LNG arrived at the shipyard for conversion works, conversion project on schedule for Q4 2027 delivery.

FLNG Hilli maintained market-leading operational track record and delivered its 132^nd LNG cargo since contract start-up.

Sold minority shareholding in Avenir LNG Limited.

Completed exit from LNG shipping segment with sale of Golar Arctic.

Declared dividend of $0.25 per share for the quarter.

Progressed FLNG growth opportunities with commercial leads, shipyard availability and long lead equipment timing.

FLNG Hilli: Maintained leading operational track record with 132 cargoes offloaded to date and over 9 million tons of LNG produced since operations commenced.

Final Investment Decision (“FID”) for the 20-year redeployment of FLNG Hilli to Southern Energy in Argentina concluded (further details provided in the SESA charter agreements section). A dedicated team has progressed detailed work on Hilli’s re-deployment scope, vessel upgrade and transit to her new location.

Following the conclusion of FLNG Hilli’s re-deployment contract, we will initiate discussions for debt optimization that reflects the strong earnings visibility for the FLNG unit.

FLNG Gimi: In January 2025, the bp operated FPSO provided feedgas from the GTA field allowing for full commissioning to commence, triggering the final upward adjustment to the commissioning rate under the commercial reset agreed in August 2024. First LNG was achieved in February and in April 2025, FLNG Gimi completed the offload of its first full LNG cargo. This introduced Mauritania and Senegal as LNG exporters to the international gas market and triggered the final pre-COD milestone bonus payment to Golar under the terms of the commercial reset. COD, which remains on schedule for Q2 2025, triggers the start of the 20-year Lease and Operate Agreement that unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog¹ (Golar’s share) and recognition of contractual payments comprised of capital and operating elements in both the balance sheet and income statement.

As of May 2025, Golar has invoiced $195.9 million of pre-COD fees under the commercial reset arrangements, with this amount currently recognized on the balance sheet.

On March 20, 2025, a $1.2 billion debt facility to refinance FLNG Gimi was signed with a consortium of leading Chinese leasing companies. The contemplated sale and leaseback facility features a tenor of 12 years and a 17-year amortization profile. Upon closing and repayment of the existing debt facility, Gimi MS Corporation is expected to generate net proceeds of approximately $530 million. This amount includes the release of existing interest rate swaps. Golar stands to benefit from 70% of these proceeds, equivalent to approximately $371 million. The transaction remains subject to customary closing conditions and third party stakeholder approvals. Golar has also progressed a rating process to further evaluate debt optimization alternatives for the vessel during the quarter.

MKII FLNG 3.5 MTPA conversion: Conversion work on the $2.2 billion MKII FLNG is proceeding to schedule. The conversion vessel Fuji LNG entered CIMC’s Yantai yard in February 2025 and in April the vessel was successfully separated into forward and aft sections. A mid-ship section housing the liquefaction unit will be inserted between and attached to the refurbished forward and aft sections later in the conversion process. Fabrication of the topsides for the mid-ship section is also underway. As of March 31, 2025, Golar has spent $0.7 billion on the MKII FLNG conversion, all of which is equity funded. The MKII FLNG is expected to be delivered in Q4 2027.

With a definitive agreement that contemplates a 2H 2025 FID now secured, Golar will consider alternatives for asset level MKII FLNG financing.

Southern Energy charter agreements: On May 2, 2025, Golar announced a FID for the 20-year charter of FLNG Hilli. The vessel will be chartered to SESA offshore Argentina. Golar and SESA also signed definitive agreements for a 20-year charter of the MKII FLNG. The MKII FLNG charter remains subject to FID and the same regulatory approvals as those granted to the FLNG Hilli project, expected within 2025.

Key commercial terms for the respective 20-year charter agreements include:

FLNG Hilli (nameplate capacity of 2.45mtpa): Expected contract start-up in 2027, expected Adjusted EBITDA¹ to Golar of $285 million per year, plus a commodity linked tariff component of 25% of Free on Board (“FOB”) prices in excess of $8/MMBtu; and,

MKII FLNG (nameplate capacity of 3.5mtpa): Expected contract start-up in 2028, expected Adjusted EBITDA¹ to Golar of $400 million per year, plus a commodity linked tariff component of 25% of FOB prices in excess of $8/MMBtu.

The two FLNG agreements are expected to add $13.7 billion in Adjusted EBITDA backlog¹ to Golar over 20 years, before inflationary adjustments (30% of U.S. CPI from year 6) to the charter hire, and before the commodity linked tariff upside. Where achieved FOB prices exceed the $8/MMBtu reference price, Golar will receive 25% of the excess amount (this reference price is subject to the same 30% US CPI adjustment from year 6). The commodity linked element in the FLNG charter provides an upside of $70 million per year to Golar for every $ 1/MMBtu the achieved FOB price is higher than the USD 8/MMBtu reference price. The upside calculation is based on monthly achieved FOB prices.

While the commodity linked tariff component is upside oriented, the Company has also agreed to a mechanism where the charter hire can be partially reduced for FOB prices below $7.5/MMBtu, down to a floor of $6/MMBtu. Under this mechanism, the maximum accumulated discount over the life of both contracts has a cap of $210 million, and any outstanding discounted charter hire amounts will be recovered through additional upside sharing if FOB prices return to levels above $7.5/MMBtu. Golar is not exposed to further downside in the commodity linked FLNG charter mechanism. The upside calculation is based on monthly achieved FOB prices, whilst the downside adjustment is based on annual average achieved FOB prices. The downside mechanism is based on annual average achieved FOB prices.

SESA, a company formed to export Argentinian LNG, is owned by a consortium of leading Argentinian gas producers including Pan American Energy (30%), YPF (25%), Pampa Energia (20%), Harbour Energy (15%) and Golar (10%). The four gas producers have committed to supply their pro-rata share of natural gas to the FLNGs under Gas Sales Agreements at a fixed price per MMBtu. Golar’s 10% shareholding in SESA provides additional commodity exposure. The 10% equity stake equates to approximately $28 million in annual additional commodity exposure to Golar for every $1/MMBtu change in achieved FOB prices versus SESA’s cash break even.

With the combination of the fixed charter hire with 30% of U.S. CPI inflation from year 6, operating expenses pass through, 25% commodity exposure in the FLNG tariff for FOB prices above $8/MMBtu and Golar’s 10% shareholding in SESA, Golar believes it has secured a highly attractive risk-reward in the SESA charters. For every $1 FOB price above $8/MMBtu, Golar’s total commodity upside is approximately $100 million, versus approximately $28 million in downside for every $1/MMBtu that realized FOB prices are below SESA’s cash break even.

Located offshore in close proximity of each other in Rio Negro’s Gulf of San Matias, the FLNG’s will monetize gas from the Vaca Muerta formation, the world’s second largest shale gas resource, located onshore in Argentina’s Neuquen province. FLNG Hilli will initially utilize spare volumes from the existing pipeline network. SESA intends to facilitate the construction of a dedicated pipeline from Vaca Muerta to the Gulf of San Matias to supply gas to the FLNGs and the project expects to benefit from significant operational efficiencies and synergies from two FLNGs in the same area.

The charters are also subject to strong legal and regulatory protections including:

both charter agreements are subject to English Law with dispute resolution pursuant to ICC arbitration in Paris, France;

hire and other payments under both contracts are fully paid in U.S. dollars;

SESA has obtained Argentina’s first ever 30-year non-interruptible LNG export license for FLNG Hilli, providing security of exports, necessary for the significant upstream and midstream investments, as well as securing offtake contracts; and

MKII FLNG is expected to obtain a similar term export license within 2025.

FLNG Hilli has been approved for adherence to the Large Investments Incentive Scheme (“RIGI”), as a Long-Term Strategic Export project. The RIGI was implemented by the current administration of President Milei to incentivize large investments in Argentina. Under the RIGI, there are incentives and protections granted to the project company (SESA), with Golar benefiting as an international asset provider and investor, mostly notably:

guaranteed legal certainty and regulatory stability for the duration of the project, covering taxes, customs, duties, and foreign exchange controls;

any new national, provincial, or municipal taxes or restrictions would not apply to RIGI projects beyond those existing when the project was approved; and

freedom to repatriate profits, dividends, and capital including exemption from potential Central Bank restrictions on access to foreign exchange for repatriation purposes.

If Argentina breaches the RIGI framework (e.g. by purporting to change the regime unilaterally), the beneficiary of the RIGI status can:

bring legal action against the National or Provincial Government (as applicable) under ICC arbitration, or elect to challenge the revocation through administrative channels; and

challenge the constitutionality of enacted law which breaches the RIGI protections.

Business development: Detailed discussions for FLNG opportunities continue. With limited yard capacity for FLNG delivery before the 2030s, and with the current Golar fleet committed, we see firming demand for the remaining available 2020s deliveries. Progress is being made on FLNG projects ranging from MKI, MKII and MKIII FLNG developments. We target FLNG opportunities with competitive wellhead gas to secure attractive base tariff and commodity upside participation. We are also in commercial negotiations with potential charterers seeking equity participation in the FLNG to align project stakeholders.

On the back of the recent commitments for the existing fleet and with ongoing detailed commercial discussions, we are working with shipyards and topside equipment providers to firm-up prices and schedules for potential ordering of additional unit(s) within 2025. Any growth initiatives are planned to be funded with recycled liquidity from debt optimization of the existing FLNG fleet on the back of their long term charters.

Corporate/Other: Operating revenues and costs under corporate and other items are comprised of two FSRU operate and maintain agreements in respect of the LNG Croatia and Italis LNG together with the Golar Arctic up to her point of sale in March 2025, for $24 million, and the Fuji LNG, up to the point she entered CIMC’s yard in February 2025 for FLNG conversion.

In February 2025, Golar also closed the sale of its non-core 23.4% interest in Avenir LNG Limited, for $39 million.

Shares and dividends: As of March 31, 2025, 104.7 million shares are issued and outstanding. Golar’s Board of Directors approved a total Q1 2025 dividend of $0.25 per share to be paid on or around June 10, 2025. The record date will be June 3, 2025.

Financial Summary

(in thousands of $)	Q1 2025	Q1 2024	% Change	Q4 2024	% Change
Net income	12,939	66,495	(81)%	15,037	(14)%
Net income attributable to Golar LNG Ltd	8,197	55,220	(85)%	4,494	82%
Total operating revenues	62,502	64,959	(4)%	65,917	(5)%
Adjusted EBITDA ¹	40,936	63,587	(36)%	59,168	(31)%
Golar’s share of Contractual Debt ¹	1,494,615	1,209,407	24%	1,515,357	(1)%

Financial Review

Business Performance:

	2025	2024
(in thousands of $)	Jan-Mar	Oct-Dec	Jan-Mar
Net income	12,939	15,037	66,495
Income taxes	179	(504)	138
Net income before income taxes	13,118	14,533	66,633
Depreciation and amortization	12,638	13,642	12,476
Impairment of long-term assets	—	22,933	—
Unrealized loss/(gain) on oil and gas derivative instruments	25,001	14,269	(2,148)
Other non-operating loss	—	7,000	—
Interest income	(8,699)	(9,866)	(10,026)
Loss/(gain) on derivative instruments, net	6,795	(8,711)	(6,202)
Other financial items, net	2,292	1,153	2,640
Net (income)/loss from equity method investments	(10,209)	4,215	214
Adjusted EBITDA ¹	40,936	59,168	63,587

	2025			2024
	Jan-Mar			Oct-Dec
(in thousands of $)	FLNG	Corporate and other	Total	FLNG	Corporate and other	Total
Total operating revenues	55,688	6,814	62,502	56,396	9,521	65,917
Vessel operating expenses	(18,785)	(9,685)	(28,470)	(19,788)	(8,121)	(27,909)
Voyage, charterhire & commission expenses	—	—	—	—	(446)	(446)
Administrative expenses	(588)	(8,999)	(9,587)	(264)	(7,241)	(7,505)
Project development expenses	(2,351)	(968)	(3,319)	(3,624)	(1,236)	(4,860)
Realized gain on oil and gas derivative instruments ⁽²⁾	21,213	—	21,213	33,502	—	33,502
Other operating income	—	(1,403)	(1,403)	469	—	469
Adjusted EBITDA ¹	55,177	(14,241)	40,936	66,691	(7,523)	59,168

(2) The line item “Realized and unrealized (loss)/gain on oil and gas derivative instruments” in the Unaudited Consolidated Statements of Operations relates to income from the Hilli Liquefaction Tolling Agreement (“LTA”) and the natural gas derivative which is split into: “Realized gain on oil and gas derivative instruments” and “Unrealized (loss)/gain on oil and gas derivative instruments”.

	2024
	Jan-Mar
(in thousands of $)	FLNG	Corporate and other	Total
Total operating revenues	56,368	8,591	64,959
Vessel operating expenses	(18,784)	(7,078)	(25,862)
Voyage, charterhire & commission expenses	—	(1,770)	(1,770)
Administrative expenses	(471)	(6,604)	(7,075)
Project development expenses/(income)	(1,085)	273	(812)
Realized gain on oil and gas derivative instruments	34,147	—	34,147
Adjusted EBITDA ¹	70,175	(6,588)	63,587

Golar reports today Q1 2025 net income of $13 million, before non-controlling interests, inclusive of $32 million of non-cash items¹, comprised of:

TTF and Brent oil unrealized mark-to-market (“MTM”) losses of $25 million; and

A $7 million MTM loss on interest rate swaps.

The Brent oil linked component of FLNG Hilli’s fees generates additional annual cash of approximately $3.1 million for every dollar increase in Brent Crude prices between $60 per barrel and the contractual ceiling. Billing of this component is based on a three-month look-back at average Brent Crude prices. During Q1 2025, we recognized a total of $21 million of realized gains on FLNG Hilli’s oil and gas derivative instruments, comprised of a:

$12 million realized gain on the Brent oil linked derivative instrument; and

$9 million realized gain in respect of fees for the TTF linked production.

We also recognized $25 million of non-cash losses in relation to FLNG Hilli’s oil and gas derivative assets, with corresponding changes in the fair value in its constituent parts recognized on our unaudited consolidated statement of operations as follows:

$13 million loss on the Brent oil linked derivative asset; and

$12 million loss on the TTF linked natural gas derivative asset.

Balance Sheet and Liquidity:

As of March 31, 2025, Total Golar Cash¹ was $678 million, comprised of $522 million of cash and cash equivalents and $156 million of restricted cash.

Golar’s share of Contractual Debt¹ as of March 31, 2025 is $1,495 million. Deducting Total Golar Cash¹ of $678 million from Golar’s share of Contractual Debt¹ leaves a net debt position of $817 million.

Assets under development amounts to $2.5 billion, comprised of $1.8 billion in respect of FLNG Gimi and $0.7 billion in respect of the MKII FLNG. The carrying value of LNG carrier Fuji LNG, previously included under Vessels and equipment, net in Q4 2024 was transferred to Assets under development in Q1 2025.

Non-GAAP measures

In addition to disclosing financial results in accordance with U.S. generally accepted accounting principles (US GAAP), this earnings release and the associated investor presentation contains references to the non-GAAP financial measures which are included in the table below. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance.

This report also contains certain forward-looking non-GAAP measures for which we are unable to provide a reconciliation to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside of our control, such as oil and gas prices and exchange rates, as such items may be significant. Non-GAAP measures in respect of future events which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied to Golar’s unaudited consolidated financial statements.

These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures and financial results calculated in accordance with GAAP. Non-GAAP measures are not uniformly defined by all companies and may not be comparable with similarly titled measures and disclosures used by other companies. The reconciliations as at March 31, 2025 and for the three months ended March 31, 2025, from these results should be carefully evaluated.

Non-GAAP measure	Closest equivalent US GAAP measure	Adjustments to reconcile to primary financial statements prepared under US GAAP	Rationale for adjustments
Performance measures
*Adjusted EBITDA*	Net income/(loss)	+/- Income taxes + Depreciation and amortization + Impairment of long-lived assets +/- Unrealized (gain)/loss on oil and gas derivative instruments +/- Other non-operating (income)/losses +/- Net financial (income)/expense +/- Net (income)/losses from equity method investments +/- Net loss/(income) from discontinued operations	Increases the comparability of total business performance from period to period and against the performance of other companies by excluding the results of our equity investments, removing the impact of unrealized movements on embedded derivatives, depreciation, impairment charge, financing costs, tax items and discontinued operations.
*Distributable Adjusted EBITDA*	Net income/(loss)	+/- Income taxes + Depreciation and amortization + Impairment of long-lived assets +/- Unrealized (gain)/loss on oil and gas derivative instruments +/- Other non-operating (income)/losses +/- Net financial (income)/expense +/- Net (income)/losses from equity method investments +/- Net loss/(income) from discontinued operations – Amortization of deferred commissioning period revenue – Amortization of Day 1 gains – Accrued overproduction revenue + Overproduction revenue received – Accrued underutilization adjustment	Increases the comparability of our operational FLNG Hilli from period to period and against the performance of other companies by removing the non-distributable income of FLNG Hilli, project development costs, the operating costs of the Gandria (prior to her disposal) and FLNG Gimi.
Liquidity measures
*Contractual debt ¹*	Total debt (current and non-current), net of deferred finance charges	+/-Variable Interest Entity (“VIE”) consolidation adjustments +/-Deferred finance charges	During the year, we consolidate a lessor VIE for our Hilli sale and leaseback facility. This means that on consolidation, our contractual debt is eliminated and replaced with the lessor VIE debt. Contractual debt represents our debt obligations under our various financing arrangements before consolidating the lessor VIE. The measure enables investors and users of our financial statements to assess our liquidity, identify the split of our debt (current and non-current) based on our underlying contractual obligations and aid comparability with our competitors.
*Adjusted net debt*	Adjusted net debt based on GAAP measures: -Total debt (current and non-current), net of deferred finance charges – Cash and cash equivalents – Restricted cash and short-term deposits (current and non-current) – Other current assets (Receivable from TTF linked commodity swap derivatives)	Total debt (current and non-current), net of: +Deferred finance charges +Cash and cash equivalents +Restricted cash and short-term deposits (current and non-current) +/-VIE consolidation adjustments +Receivable from TTF linked commodity swap derivatives	The measure enables investors and users of our financial statements to assess our liquidity based on our underlying contractual obligations and aids comparability with our competitors.
*Total Golar Cash*	Golar cash based on GAAP measures: + Cash and cash equivalents + Restricted cash and short-term deposits (current and non-current)	-VIE restricted cash and short-term deposits	We consolidate a lessor VIE for our sale and leaseback facility. This means that on consolidation, we include restricted cash held by the lessor VIE. Total Golar Cash represents our cash and cash equivalents and restricted cash and short-term deposits (current and non-current) before consolidating the lessor VIE. Management believe that this measure enables investors and users of our financial statements to assess our liquidity and aids comparability with our competitors.

(1) Please refer to reconciliation below for Golar’s share of contractual debt

Adjusted EBITDA backlog (also referred to as “earnings backlog”): This is a non-GAAP financial measure and represents the share of contracted fee income for executed contracts or definitive agreements less forecasted operating expenses for these contracts/agreements. Adjusted EBITDA backlog should not be considered as an alternative to net income / (loss) or any other measure of our financial performance calculated in accordance with U.S. GAAP.

Non-cash items: Non-cash items comprised of impairment of long-lived assets, release of prior year contract underutilization liability, MTM movements on our TTF and Brent oil linked derivatives, listed equity securities and interest rate swaps (“IRS”) which relate to the unrealized component of the gains/(losses) on oil and gas derivative instruments, unrealized MTM (losses)/gains on investment in listed equity securities and gains on derivative instruments, net, in our unaudited consolidated statement of operations.

Abbreviations used:

FLNG: Floating Liquefaction Natural Gas vessel
FSRU: Floating Storage and Regasification Unit
MKII FLNG: Mark II FLNG
FPSO: Floating Production, Storage and Offloading unit

MMBtu: Million British Thermal Units
mtpa: Million Tons Per Annum

Reconciliations – Liquidity Measures

Total Golar Cash

(in thousands of $)	March 31, 2025	December 31, 2024	March 31, 2024
Cash and cash equivalents	521,434	566,384	547,868
Restricted cash and short-term deposits (current and non-current)	172,879	150,198	92,159
Less: VIE restricted cash and short-term deposits	(16,745)	(17,472)	(17,933)
Total Golar Cash	677,568	699,110	622,094

Contractual Debt and Adjusted Net Debt

(in thousands of $)	March 31, 2025	December 31, 2024	March 31, 2024
Total debt (current and non-current) net of deferred finance charges	1,418,816	1,452,255	1,195,063
VIE consolidation adjustments	251,728	241,666	213,042
Deferred finance charges	20,946	22,686	22,337
Total Contractual Debt	1,691,490	1,716,607	1,430,442
Less: Keppel’s and B&V’s share of the FLNG Hilli contractual debt	—	—	(32,035)
Less: Keppel’s share of the Gimi debt	(196,875)	(201,250)	(189,000)
Golar’s share of Contractual Debt	1,494,615	1,515,357	1,209,407

Please see Appendix A for a capital repayment profile for Golar’s Contractual Debt.

Forward Looking Statements

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “if,” “subject to,” “believe,” “assuming,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “could,” “would,” “predict,” “propose,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. Other important factors that could cause actual results to differ materially from those in the forward-looking statements include but are not limited to:

our ability and that of our counterparty to meet our respective obligations under the 20-year lease and operate agreement (the “LOA”) with BP Mauritania Investments Limited, a subsidiary of BP p.l.c. (“bp”), entered into in connection with the Greater Tortue Ahmeyim Project (the “GTA Project”), including the commissioning and start-up of various project infrastructure. Delays to FLNG commissioning works and the start of operations for our FLNG Gimi (“FLNG Gimi”) could result in incremental costs to both parties to the LOA;

our ability to meet our obligations under our commercial agreements, including the liquefaction tolling agreement (the “LTA”) entered into in connection with the FLNG Hilli Episeyo (“FLNG Hilli”);

our ability to meet our obligations to SESA in connection with the recently signed agreement to deploy FLNG Hilli in Argentina, and SESA’s ability to meet its obligations to us;

our ability to meet our obligations to SESA in connection with the recently signed definitive agreement to deploy our FLNG in conversion, MKII FLNG in Argentina, including reaching a final investment decision, and SESA’s ability to meet its obligations to us;

our ability to obtain additional financing or refinance existing debt on acceptable terms or at all including the satisfaction of the conditions precedent to the consummation of the FLNG Gimi sale leaseback transaction;

global economic trends, competition, and geopolitical risks, including U.S. government actions, trade tensions or conflicts such as between the U.S. and China, related sanctions, a potential Russia-Ukraine peace settlement and its potential impact on liquefied natural gas (“LNG”) supply and demand;

a material decline or prolonged weakness in tolling rates for FLNGs;

failure of shipyards to comply with schedules, performance specifications or agreed prices;

failure of our contract counterparties to comply with their agreements with us or other key project stakeholders;

an increase in tax liabilities in the jurisdictions where we are currently operating, have previously operated, or expect to operate;

continuing volatility in the global financial markets, including commodity prices, foreign exchange rates and interest rates and global trade policy, particularly the recent imposition of tariffs by the U.S. government;

changes in general domestic and international political conditions, particularly where we operate, or where we seek to operate;

changes in our ability to retrofit vessels as FLNGs, including the availability of vessels to purchase and in the time it takes to build new vessels or convert existing vessels;

continuing uncertainty resulting from potential future claims from our counterparties of purported force majeure under contractual arrangements, including our future projects and other contracts to which we are a party;

our ability to close potential future transactions in relation to equity interests in our vessels or to monetize our remaining equity method investments on a timely basis or at all;

increases in operating costs as a result of inflation or trade policy, including salaries and wages, insurance, crew provisions, repairs and maintenance, spares and redeployment related modification costs;

claims made or losses incurred in connection with our continuing obligations with regard to New Fortress Energy Inc. (“NFE”), Energos Infrastructure Holdings Finance LLC (“Energos”), Cool Company Ltd (“CoolCo”), and Snam S.p.A. (“Snam”);

the ability of NFE, Energos, CoolCo, and Snam to meet their respective obligations to us, including indemnification obligations;

changes to rules and regulations applicable to FLNGs or other parts of the natural gas and LNG supply chain;

rules on climate-related disclosures promulgated by the European Union, including but not limited to disclosure of certain climate-related risks and financial impacts, as well as greenhouse gas emissions;

actions taken by regulatory authorities that may prohibit the access of FLNGs to various ports and locations; and

other factors listed from time to time in registration statements, reports or other materials that we have filed with or furnished to the Commission, including our annual report on Form 20-F for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission on March 27, 2025 (the “2024 Annual Report”).

As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.

Responsibility Statement

We confirm that, to the best of our knowledge, the unaudited consolidated financial statements for the three months ended March 31, 2025, which have been prepared in accordance with accounting principles generally accepted in the United States give a true and fair view of Golar’s unaudited consolidated assets, liabilities, financial position and results of operations. To the best of our knowledge, the report for the three months ended March 31, 2025, includes a fair review of important events that have occurred during the period and their impact on the unaudited consolidated financial statements, the principal risks and uncertainties and major related party transactions.

May 27, 2025
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda
Investor Questions: +44 207 063 7900
Karl Fredrik Staubo – CEO
Eduardo Maranhão – CFO

Stuart Buchanan – Head of Investor Relations

Tor Olav Trøim (Chairman of the Board)
Benoît de la Fouchardiere (Director)
Carl Steen (Director)
Dan Rabun (Director)
Lori Wheeler Naess (Director)
Mi Hong Yoon (Director)
Niels Stolt-Nielsen (Director)

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

The MIL Network –

May 27, 2025

Fintech driving growth for MSMEs and merchants, says FM Sitharaman

Source: Government of India

Source: Government of India (4)

Union Finance Minister Nirmala Sitharaman on Tuesday said that India’s fintech companies are playing a crucial role in expanding the country’s Digital Public Infrastructure (DPI) and empowering merchants as well as micro, small, and medium enterprises (MSMEs).

The Finance Minister visited the office of Pine Labs, a digital fintech company based in Noida, and interacted with its employees and staff members.

She acknowledged “India’s fintech firms’ contribution to expanding the country’s Digital Public Infrastructure (DPI) and in enabling seamless, secure, and inclusive financial services for merchants and MSMEs,” the Finance Minister’s Office said in a post on X.

B. Amrish Rau, CEO of Pine Labs, shared his excitement in a post on X, saying that it was “an exciting and unbelievable day… It was a full house and our FM was completely immersed in her interactions and tech discussions.”

Pine Labs is a merchant commerce omnichannel platform operating across India, the Middle East, and Southeast Asia. The company focuses on simplifying digital payments and helping businesses scale their fintech solutions.

Meanwhile, UPI QR codes have shown the fastest growth in India’s digital payments infrastructure in the financial year 2024–25, registering a 91.5 percent increase over the previous year, reaching 657.9 million.

The number of banks going live on UPI continues to rise, reaching a total of 668 in April, which is expected to boost the value of transactions, according to data from the Reserve Bank of India (RBI).

UPI has emerged as the dominant method for digital transactions in India. Nearly four out of every five digital payments in the country during FY24 were conducted via UPI, according to the RBI’s annual report.

The RBI has also introduced greater flexibility in revising transaction limits for in-person UPI merchant payments. The National Payments Corporation of India (NPCI) can now adjust limits based on user needs, with appropriate safeguards—making UPI even more convenient for users.

India’s digital payments ecosystem witnessed a significant surge in the second half of 2024, driven by the increased use of the Unified Payments Interface (UPI), mobile payments, and cards, according to Worldline India’s Digital Payments Report.

IANS

May 27, 2025
MIL-OSI Banking: Development Asia: Revitalizing Cities Through Sustainable Urban Redevelopment

Source: Asia Development Bank

Regulatory planning framework: A prerequisite for comprehensive urban redevelopment is a functioning and responsive urban planning regulatory framework, complemented by an integrated urban governance system that enables close collaboration across institutions and levels of government. Together, these elements facilitate optimal land use, (including the effective application of floor area ratio (FAR)), infrastructure upgrades, and time-bound, context-specific intervention planning. Development control regulations and by-laws should also promote climate resilience, urban health and safety, gender equity, and social inclusion.

Area-based development: This fosters the holistic development of both existing and new areas while catalyzing further urban growth, contributing to a stronger overall city landscape. An area-based redevelopment planning framework offers a more comprehensive method that integrates amenities, infrastructure upgrades, street improvements, and economic growth. It can transform existing areas—including slums and urban poor neighborhoods—into well-planned, integrated spaces within the urban fabric, thereby enhancing the overall livability of the city.

Robust land records and property valuation systems: Periodic updates to land and property-related information (e.g., land use, ownership, FAR, development control regulations) are essential for effective urban planning and intervention. These updates ensure transparent data, facilitating the most informed and effective decision-making processes.

Cities empowered to access financing, absorb capital: Urban redevelopment projects require significant financing throughout various stages of implementation. States and larger cities should establish an apex urban redevelopment fund to lower finance costs, enable private sector access, and ensure sustained funding. Governments can leverage development partners for advisory services and financing facilitation through risk-sharing instruments.

State governments should empower larger cities to mobilize affordable and sustainable financing solutions, while smaller cities can benefit from state-level funds and bond markets to support urban redevelopment. A financially self-sustaining model, independent of public funds, is key to effective redevelopment. Utilizing land value capture mechanisms can enable governments to generate and redistribute public revenues – augmenting investment in essential infrastructure and supporting more equitable urban transformation.

Public-private-people partnerships: Private sector participation should be incorporated and incentivized through feasibility studies for urban redevelopment projects, easing the burden on the government while enhancing infrastructure development—not only for basic services but also for housing, office spaces, hotels, and other urban facilities (e.g., public open spaces, amenities). Such partnerships provide access to the technical expertise, experience, and efficiency of private entities. Moreover, engaging residents in the process fosters inclusive urban redevelopment strategies and helps mitigate resistance to redevelopment efforts.

Institutional capacity for coordination and cooperation: Holistic urban redevelopment requires extensive coordination across multiple fronts—spatial, economic, social, and financial. Institutions must establish mechanisms to foster cooperation while strengthening their capacities to harness the economic potential of urban areas. Urban local bodies need skilled human resources to effectively negotiate, coordinate, and collaborate with various stakeholders. Ultimately, coherent institutional, governance, and regulatory frameworks are essential for sustaining long-term coordination and cooperation.

Green infrastructure and preservation of cultural heritage: Cities can transition toward a more climate-responsive built environment by mandating green infrastructure provisions in plans and development control regulations, incentivizing their implementation, and fostering convergence across various government schemes. Where applicable, redevelopment plans can also integrate strategies for heritage and cultural preservation through adaptive reuse while maintaining existing built forms. Additionally, promoting pedestrianization and natural cooling mechanisms through sustainable building materials can further revitalize urban areas.

Community engagement and inclusivity: Engaging citizens in a highly technocratic urban redevelopment planning process has traditionally been ineffective. To address this, these processes must be simplified, and dedicated citizen engagement models developed. Platforms that encourage citizen participation in planning and implementation can help mitigate adverse impacts. A strong civil society presence, and partnerships with civil society organizations can enhance citizen engagement, particularly among economically weaker and vulnerable communities.

Databases on urban redevelopment projects: As redevelopment policies and regulatory frameworks evolve, institutional capacities strengthen, and redevelopment gains momentum, cities will need to gather, process, and access relevant information to guide the design, planning, and implementation of redevelopment initiatives across the region. Establishing a database of critical information on ongoing and completed urban redevelopment projects could provide valuable insights and benefits sooner rather than later.

MIL OSI Global Banks –

May 27, 2025
Sensex soars 640 points, Nifty crosses 25,000 mark on positive sentiment

Source: Government of India

Source: Government of India (4)

The Indian stock market opened on a strong note Monday, buoyed by positive investor sentiment following India’s ascent to the fourth spot in the global economy rankings.

By 9:32 a.m., the BSE Sensex had rallied 640.3 points, or 0.78%, to trade at 82,361.46. Meanwhile, the NSE Nifty was up 187.39 points, or 0.75%, at 25,040.45.

The broader market also saw an upward trend. The Nifty Bank index gained 408.25 points, or 0.74%, reaching 55,806.50. The Nifty Midcap 100 rose 426.60 points to 57,114.35, while the Nifty Smallcap 100 advanced 145.90 points to 17,789.25, registering a 0.83% gain.

Analysts attributed the early rally to the news of India becoming the world’s fourth-largest economy, calling it a morale booster for markets in the short term. Additionally, the Reserve Bank of India’s record dividend payout to the central government—exceeding budget estimates—is expected to aid in containing the fiscal deficit at 4.4% for FY26.

“This, in turn, can help sustain the current low inflation trend and a declining interest rate environment, both of which are supportive of equity markets. While foreign institutional investors (FIIs) were strong buyers earlier in May, the trend has turned erratic recently, suggesting profit booking at higher levels,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

In the Sensex basket, top gainers included M&M, PowerGrid, NTPC, Tata Motors, ICICI Bank, SBI, Tech Mahindra, L&T, Asian Paints, and Axis Bank. Eternal was the only notable loser in early trade.

In Asia, markets traded mixed. Indices in Bangkok, Seoul, and Tokyo were in the green, while markets in China, Hong Kong, and Jakarta saw declines.

Globally, the last trading session in the U.S. ended lower. The Dow Jones Industrial Average closed at 41,603.07, down 256.02 points or 0.61%. The S&P 500 dropped 39.19 points (0.67%) to 5,802.82, and the Nasdaq declined 188.53 points (1.00%) to settle at 18,737.21.

On the institutional investment front, FIIs were net buyers, purchasing equities worth ₹1,794.59 crore on May 23. Domestic institutional investors (DIIs) also bought stocks worth ₹299.78 crore.

Looking ahead, key economic data such as India’s GDP figures, the U.S. Federal Reserve’s meeting minutes, and U.S. inflation numbers are expected to influence market sentiment this week.

“Geopolitical uncertainties, the ongoing corporate earnings season, institutional capital flows, and the upcoming derivatives expiry are currently driving volatility in Indian equity markets,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

-IANS

May 27, 2025

MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on May 26, 2025

Source: Reserve Bank of India

Tenor	1-day
Notified Amount (in ₹ crore)	25,000
Total amount of bids received (in ₹ crore)	4,073
Amount allotted (in ₹ crore)	4,073
Cut off Rate (%)	6.01
Weighted Average Rate (%)	6.01
Partial Allotment Percentage of bids received at cut off rate (%)	NA

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/407

MIL OSI Economics –

May 27, 2025

MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 3)

Source: GlobeNewswire (MIL-OSI)

This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025.

The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 23.05.2025.

Period covered by this periodic report – 19.05.2025 – 23.05.2025.

Other information:

Transaction overview
Date	Total number of shares purchased on the day ( units)	Weighted average price (EUR)	Total value of transactions (EUR)
2025.05.19	100,000	0.88	88,000.00
2025.05.20	100,000	0.877	87,700.00
2025.05.21	100,000	0.877	87,650.03
2025.05.22	100,000	0.88	88,000.00
2025.05.23	100,000	0.879	87,900.01
Total acquired during the current week	500,000	0.879	439,250.04
Total acquired during the programme period	1,500,000	0.881	1,322,088.16

The Bank’s own bought-back shares: 11,597,749 units. Following the above transactions, the Bank will own a total of 12,097,749 units of own shares representing 1.82 % of the Bank’s issued shares. Further detailed information on the transactions is attached. This information is also available at: www.artea.lt

Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@artea.lt, +370 610 44447

Attachment

Additional detailed information about transactions (week 3)

The MIL Network –

May 27, 2025

MIL-OSI Banking: Construction Begins on New Tokyo Head Office in Shinagawa to Open in FY2030

Source: Toyota

Headline: Construction Begins on New Tokyo Head Office in Shinagawa to Open in FY2030

Toyota Motor Corporation (Toyota) will begin construction on the Shinagawa Station West Exit Area District A New Construction Plan (tentative name; hereinafter, the “Plan”), which it is carrying out together with Keikyu Corporation (Keikyu), on May 31, 2025. Toyota will open a new Tokyo Head Office in FY2030 in a planned building located in front of Shinagawa Station, one of the most important transportation hubs in Japan.

MIL OSI Global Banks –

May 27, 2025

MIL-OSI: Share repurchase programme: Transactions of week 21 2025

Source: GlobeNewswire (MIL-OSI)

The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

The following transactions have been made under the program:

	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Accumulated, previous announcement	908,530	530.54	482,008,182
19 May 2025	27,559	612.88	16,890,346
20 May 2025	1,000	619.72	619,717
21 May 2025	10,377	622.96	6,464,454
22 May 2025	21,000	623.69	13,097,484
23 May 2025	1,000	623.34	623,338
Accumulated under the programme	969,466	536.07	519,703,520

Attachment

Share repurchase programme 20250526

The MIL Network –

May 27, 2025

MIL-OSI: Danske Bank share buy-back programme: transactions in week 21

Source: GlobeNewswire (MIL-OSI)

Company announcement no. 26 2025

Danske Bank

Bernstorffsgade 40

DK-1577 København V

Tel. + 45 33 44 00 00

26 May 2025

Page 1 of 1

Danske Bank share buy-back programme: transactions in week 21

On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 21:

	Number of shares	VWAP DKK	Gross value DKK
Accumulated, last announcement	6,021,965	225.3747	1,357,198,355
19 May 2025	50,000	252.6524	12,632,620
20 May 2025	50,000	255.7486	12,787,430
21 May 2025	89,501	256.4140	22,949,309
22 May 2025	55,000	254.4755	13,996,153
23 May 2025	60,000	253.8853	15,233,118
Total accumulated over week 21	304,501	254.8387	77,598,630
Total accumulated during the share buyback programme	6,326,466	226.7928	1,434,796,985

With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.758% of Danske Bank A/S’ share capital.

Danske Bank

Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

Danske Bank Company announcement_UK

The MIL Network –

May 27, 2025

MIL-OSI Banking: Secretary-General of ASEAN joins ASEAN Leaders in the Retreat Session of the 46th ASEAN Summit in Kuala Lumpur, Malaysia

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the Retreat Session of the 46th ASEAN Summit, at the Kuala Lumpur Convention Centre in Malaysia. In this closed-door session, ASEAN Leaders exchanged views on pressing regional and global developments, reaffirming ASEAN’s unity, Centrality and shared commitment to addressing challenges.

The post Secretary-General of ASEAN joins ASEAN Leaders in the Retreat Session of the 46th ASEAN Summit in Kuala Lumpur, Malaysia appeared first on ASEAN Main Portal.

MIL OSI Global Banks –

May 27, 2025
MIL-OSI Banking: Secretary-General of ASEAN join ASEAN Leaders in the Interface with Representatives of the ASEAN Inter-Parliamentary Assembly

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, participated in the ASEAN Leaders’ Interface with Representatives of the ASEAN Inter-Parliamentary Assembly (AIPA) today, held on the sidelines of the 46th ASEAN Summit in Kuala Lumpur, Malaysia. The Interface, led by the Chair of ASEAN in 2025, Prime Minister Dato’ Seri Anwar Ibrahim of Malaysia, and AIPA President and Speaker of the Parliament of Malaysia YB Tan Sri Dato’ (Dr.) Johari bin Abdul, highlighted the important role of AIPA in supporting ASEAN’s efforts in achieving its Community Vision

The post Secretary-General of ASEAN join ASEAN Leaders in the Interface with Representatives of the ASEAN Inter-Parliamentary Assembly appeared first on ASEAN Main Portal.

MIL OSI Global Banks –

May 27, 2025
MIL-OSI Russia: The Academic Council discussed cooperation with Slavic universities and the life of the Student City

Translation. Region: Russian Federal

Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

Last Friday, the regular meeting of the SPbPU Academic Council took place. Its participants discussed the interaction of the Polytechnic University with Slavic universities, the work of the Student City, held elections of directors of some institutes and higher schools, and voted for the nomination of several university employees for academic titles.

Before the meeting, members of the Academic Council congratulated the rector of SPbPU Andrey Rudskoy on the presentation to him, as a co-author of the book “Putin in the Mirror of Time. Milestones of the Biography and Chronicles of the Era”, Letter of thanks from the President of Russia. Then they moved on to the ceremonial part, where many more Polytechnicians and university partners were awarded congratulations and applause.

For his great contribution to the formation and replenishment of the SPbPU endowment fund and strengthening the positive image of the university, the “For Merit” badge of distinction was awarded to Deputy Head of the Corporate Network Department – Senior Vice President of VTB Bank, Polytechnic University graduate Yuri Levchenko.

The Chief of the Main Directorate of the Ministry of Emergency Situations of Russia for the Leningrad Region, Lieutenant General of the Internal Service Evgeny Deineka, was also awarded the “For Merit” badge.

The presentation of candidate of science diplomas at the Polytechnic University also takes place in a solemn atmosphere. Members of the Academic Council congratulated their colleagues on receiving their academic degrees: Nikita Zibarev, an assistant at the Higher School of Biotechnology and Food Production, became a candidate of technical sciences, Tatyana Kudryashova, a senior lecturer at the Higher School of Biotechnology and Food Production, became a candidate of biological sciences, and Suzanne Niemb Bekoume, a young scientist from Cameroon, became a candidate of economic sciences.

Director of the Higher School of Design and Architecture, Doctor of Architecture Margarita Perkova became a corresponding member of the Russian Academy of Architecture and Construction Sciences (RAASN).

The Association of Museums of Universities of St. Petersburg awarded the director of the SPbPU History Museum, Valery Klimov, with a diploma “For the Honor and Dignity of the Profession.”

It’s time to celebrate the athletes’ achievements. Students Anastasia Dmitrieva and Elizaveta Shevchenko took first place in the Russian and St. Petersburg championships in sports aerobics.

The Polytechnic women’s basketball team, which took 2nd place in the All-Russian student competition “ASB League Belov Cup”, was represented by Karina Kambulatova, Yulia Ragozina, Kristina Krivich, Ksenia Litvin and assistant of the Department of Physical Training and Sports Victoria Shipovskaya.

The Academic Council did not forget about the successes of the university’s creative teams. The SPbPU Chamber Choir received the Grand Prix open competition of student choirs of Russia “Blagovest”. At the Academic Council, the winners were represented by a 2nd-year student of the Institute of Biological Sciences and Biology Olesya Shkorubskaya. Youth choir “Polyhymnia” became the best among fifty participants All-Russian choral competition “Raduga”. And the pop-symphony orchestra Ingenium took 1st place at the festival “Student Spring”— the most significant creative competition of universities in the North-West.

For the first time, the Academic Council not only congratulated the winners, but also saw fragments of their performances on the big screen, which was especially inspiring and set the mood for positivity.

On the agenda, Dmitry Arsenyev, Vice-Rector for International Affairs at SPbPU, presented a report entitled “On the coordination of activities and support for development programs of Russian-national (Slavic) universities.”

The Slavic Universities project is one of the largest international projects of SPbPU. It is aimed at creating an international community of leading universities promoting Russian education, science and culture in the CIS countries. Its key goal is to form an educational outpost uniting universities of Belarus, Armenia, Kyrgyzstan, Tajikistan and other countries through the introduction of the best Russian practices, deep transformation of educational processes and strengthening of scientific research potential.

Significant results were achieved during the period from 2021 to 2025: 14 network educational programs and 16 academic mobility programs were launched, involving more than 200 students. Through joint efforts, 18 conferences were held, over 170 scientific papers were published, and more than 500 employees of Slavic universities were trained in advanced training programs. Key initiatives include the creation of an intelligent robotics laboratory at the Belarusian-Russian University, the implementation of the Moodle cloud platform at the Kyrgyz-Russian University, and major events such as the Slavic Horizon Summit (2023) and the International School of Astrophysics at the Byurakan Observatory.

However, the project faces challenges: legal restrictions due to the status of foreign legal entities, differences in legislation and mentalities, as well as difficulties with migration policy. These barriers require an individual approach to each university and additional resources.

Large-scale initiatives are planned for 2025–2026: development and implementation of joint and network educational programs, including expert and consulting support for organizing a distance learning system in Slavic universities; creation of a Student Project Bureau at KRSU; mutual academic mobility of students and postgraduates between partner universities; attraction of leading research and teaching staff from Slavic universities to exchange experience; development of comprehensive plans for the development of the scientific base of KRSU with a focus on projects for industrial partners (LLC Alliance Altyn and GC Geoscan); opening of dissertation councils; expert support for the modernization of the information and library complex of KRSU; as well as the formation of a unified youth policy in Slavic universities through the involvement of students in scientific, educational and cultural initiatives. Particular attention will be paid to the dialogue with the Ministry of Education and Science of Russia.

Slavic universities are a systemic effort to overcome borders, where students from different countries not only study, but also create projects that solve real problems. We see how joint work launches a chain reaction of ideas. Our focus is not on formal indicators, but on creating a unified scientific ecosystem, – emphasized Dmitry Arsenyev.

The Academic Council of SPbPU noted the importance of the project for promoting technical education of SPbPU abroad, recognized the work done by the project office as satisfactory, and also approved the work plan for the coming year.

The second issue on the agenda was addressed by the Director of the Student City, Vyacheslav Olshevsky.

The Polytechnic University campus consists of 21 dormitories, two hostels, three hotels and an administrative and economic block, which includes a production complex and furniture manufacturing.

The number of people living in dormitories increases every year. According to the admissions targets for 2024, 70% of those admitted to the Polytechnic are from out of town. Currently, about 10 thousand students live in the dormitories of the Student City.

The administration ensures that each resident is provided with the necessary set of furniture. Each dormitory has a study room for classes, and almost all dormitories have sports rooms. Dormitory repairs are carried out both by the Student City production complex and with the involvement of contractors.

In 2025, together with the United Student Council of SPbPU, we held a significant event – forum of student councils of dormitories.

Vyacheslav Olshevsky also spoke about the hotel complex, noting that it brings great benefit in accommodating those in need of accommodation: 95% of the hotels are occupied by students. Also, during the admission campaign, applicants and their parents can live there. There is a 60% discount on accommodation in the hotel complex for students.

With all the advantages, there are also difficulties. Thus, in 2024, a resort tax was introduced in St. Petersburg (100 rubles). Fortunately, full-time students under 24 are considered a privileged category of citizens. But in 2025, a tourist tax was introduced in St. Petersburg for legal entities, and so far there are no benefits for accommodating students. This issue is currently being resolved at the level of the legislative and executive authorities of the city.

Vyacheslav Olshevsky pleased us with the information that a food outlet will open in the Maximum Hotel any day now, and this is very good, since there are no cafes or shops near the hotel.

The third issue on the agenda of the meeting was devoted to the election of directors of institutes and higher schools. According to the results of the vote, the post of director of the Institute of Electronics and Telecommunications was retained by Alexander Korotkov, the post of director of the Institute of Physical Culture, Sports and Tourism was retained by Valery Sushchenko, and Nikolay Ivanov became the director of the Physics and Mechanical Institute. Zeynab Bakhturidze became the director of the Higher School of International Relations of the State Institute of Physical Culture, Sports and Tourism, Vladimir Mulyukha became the director of the Higher School of Artificial Intelligence Technologies of the Institute of Scientific Research, Maria Poltavtseva was elected director of the Higher School of Computer Technologies and Information Systems of the Institute of Scientific Research, Alexey Grachev became the director of the Higher School of Transport of the Institute of Medical and Electronic Technology, Margarita Perkova became the director of the Higher School of Design and Architecture of the Institute of Scientific Research, and M. V. Gumilyov became the director of the Higher School of Professional Judo Trainers named after A. S. Rakhlin – Mikhail Rakhlin, director of the Higher School of Electronics and Microsystem Engineering of the Institute of Electrical Engineering and Technology – Vera Loboda, director of the Higher Engineering and Physics School of the Institute of Electrical Engineering and Technology – Roman Burkovsky, director of the Higher School of Advanced Digital Technologies PISh “Digital Engineering” – Valery Leventsov, director of the Higher School of Fundamental Physics Research of the Physics and Mechanics Institute – Viktor Dubov, director of the Higher School of Applied Mathematics and Computational Physics of the Physics and Mechanics Institute – Maxim Frolov.

The fourth issue was the presentation for the assignment of academic titles. From the Institute of Electronics and Telecommunications, it was decided to present Sergei Ivanov (scientific specialty “Radiophysics”) and Ivan Rumyantsev (scientific specialty “Electronic component base of micro- and nanoelectronics, quantum devices”) to the title of associate professor.

The Institute of Mechanical Engineering, Materials and Transport nominated for the title of associate professor: Alexander Bakhshiev (Artificial Intelligence and Machine Learning), Boris Spassky (Robots, Mechatronics and Robotic Systems), Vasily Teplukhin (Mechanical Science).

The Institute of Industrial Management, Economics and Trade nominated for the title of associate professor: Ksenia Kikkas (World Economy) and Angi Skhvediani (Mathematical, Statistical and Instrumental Methods in Economics).

At the end of the meeting, SPbPU Academic Secretary Dmitry Karpov reported on monitoring the implementation of the Academic Council’s decisions.

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.

MIL OSI Russia News –

May 27, 2025
MIL-OSI Russia: New book about Polytechnic heroes: from T-34 to Operation Berezino

Translation. Region: Russian Federal

Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

The TASS press center hosted a presentation of the book “Polytechnic. Fortitude. 1941-1945.” The author, leading specialist of the SPbPU History Museum Alexander Kobyshev, and the vice-rector for youth policy and communication technologies at SPbPU Maxim Pasholikov told journalists about the new edition, dedicated to the 80th anniversary of the Victory in the Great Patriotic War.

“The book ‘Polytechnic. Fortitude. 1941-1945’ is just one example of how the Polytechnic University preserves the memory of the Great Patriotic War,” began Maxim Pasholikov. “Back in 2004, students created the military-historical club ‘Our Polytechnic’, began studying archival documents, organizing search watches, hikes to battle sites, excursions and much more. In May, in Karelia, where the Polytechnicians fought in 1941, the military-patriotic rally ‘Syandeba. Connection of Generations’ was held for the twentieth time. For many years, students have been restoring the names of fallen soldiers, searching for personal files, and collecting them in an electronic Book of Memory. Last year, it was printed for the first time. And the new edition “Polytech. Fortitude. 1941–1945” continues the study of unknown pages in the history of our university.”

The book “Polytechnic. Fortitude. 1941-1945” consists of two parts. The first describes the activities of the Leningrad Polytechnic Institute named after M. I. Kalinin during the Great Patriotic War – both in Leningrad and in evacuation, in Pyatigorsk and Tashkent. The second part is dedicated to the contribution of polytechnicians to the creation of the weapons of Victory. In addition to the already known names, readers will learn for the first time about more than 120 graduates of the institute who worked at the main defense enterprises and in intelligence.

“Our task was to show the history of the institute as a whole and its influence on the course of World War II,” emphasized Alexander Kobyshev. “Probably, everyone has seen the “Weapons of Victory” coins issued by the Central Bank. Eight of the nineteen coins depict weapons developed by polytechnicians.”

The famous T-34 tank was designed by Mikhail Koshkin, a graduate of the institute. Ivan Bushnev participated in the creation of the T-50 light tank, and the names of Nikolai Dukhov and Zhores Kotin are associated with the production of the KV-1, KV-2, IS-1, IS-2, and IS-3 heavy tanks. Polytechnicians also contributed to aviation. The first fighters were designed by Nikolai Polikarpov, seaplanes by Georgy Beriev, and combat gliders that delivered weapons and food were designed by Oleg Antonov.

Vladimir Tsimbalin created a device to protect pilots from overloads in flight, Mikhail Berezina participated in the creation of aircraft guns. Yuri Baimakov came up with a technology for producing an alloy for fuses of Molotov cocktails. Fyodor Petrov developed the M-30 howitzer. During the war, every second mortar was made from pipes of the Nikopol South Pipe Metallurgical Plant, the evacuation of which to Pervouralsk was led by the director, a graduate of the metallurgical faculty of the Polytechnic University, Alexey Astakhov.

“Almost all artillery is the result of the work of Polytechnic graduates: anti-aircraft guns, divisional guns, anti-tank guns, small artillery, mortars,” listed Alexander Kobyshev. “The Degtyarev anti-tank rifle is named after the bureau, but was developed by the group of Polytechnician Alexander Dementyev. The gas generator for the famous GAZ-AA truck was made by our graduate student and engineer Volodin. And the director of GAZ was our graduate Loskutov, who replaced the previous graduate, who, unfortunately, was arrested and died during the repressions. We provide a list of these people and a list of the factories where they worked. For us, this became a new understanding of the contribution of Polytechnicians to the Great Victory.”

The book names 11 Polytechnicians who were Heroes of the Soviet Union, who received this title from 1941 to 1945. Among them is Marshal Leonid Govorov, a former Polytechnic student who was mobilized into the Russian Imperial Army during the First World War.

The final chapter of the book is called “Behind the Front Lines” and is dedicated to intelligence officers.

“The name of the first of them is well known – this is Hero of the Soviet Union Viktor Lyagin,” said Alexander Kobyshev. “We learned about the second one recently, this is a graduate of the electromechanical faculty, Alexander Demyanov. He was a double agent: the Germans called him Max, and ours – Heine. He led a radio game, thanks to which significant parts of the Wehrmacht were not transferred to Stalingrad, and we were able to win this decisive battle. After that, our graduate continued working in Operation Berezino in Belarus, for which Heine was awarded the Order of the Red Star, and Max received the Iron Cross with Swords. German intelligence officers highly valued him for the disinformation he supplied them with.”

Aleksandr Nikolaevich shared a few more interesting facts about people who studied at the Polytechnic at different times. Thus, Marceli Porowski, a graduate of the economics department, fought during the Warsaw Uprising in 1944 and was the president of Warsaw. Nikolai Novik, a future member of the French Resistance, who was awarded the French Military Cross and the Order of the Legion of Honor, studied at the same economics department.

Many archives are being declassified now, and every year we learn something new. I hope that students will join this work, and the chronicle of our university will be replenished, – Maxim Pasholikov summed up.

“Polytechnic. Fortitude. 1941-1945” is the fourth book in the series of historical works by Alexander Kobyshev. The first, “Polytechnic. Beginning. 1899-1917”, was published for the 125th anniversary of Peter the Great St. Petersburg Polytechnic University in a print run of 500 copies. All subsequent volumes were published in print runs of 200. As Alexander Nikolaevich said at a press conference, a total of seven books are planned. The fifth will cover the period from 1946 to 1960, the sixth – from 1960 to 1990, and the seventh – from 1990 to the present day.

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.

MIL OSI Russia News –

May 27, 2025
MIL-OSI Asia-Pac: President Lai leads industrial listening tours to Taichung and mobilizes the government to help Businesses tackle U.S. Tariff Challenges.

Source: Republic of China Taiwan

President Lai Ching-Te led a delegation on April 11 to the Taichung Industrial Park under the Bureau of Industrial Parks(BIP) of the Ministry of Economic Affairs(MOEA) as part of the “Industry Listening Tour.” Accompanied by Secretary-General to the President Pan Men-An, Executive Yuan Secretary-General Kung Ming-Hsin, Minister of Economic Affairs Kuo Jyh-Huei, Export-Import Bank of the Republic of China Chairman Tai Teng-shan, and other MOEA officials, President Lai held in-depth discussions with central Taiwan enterprises leaders to understand firsthand the challenges and needs arising from recent changes to U.S. tariff policy.
On April 10, U.S. President Donald Trump announced a 90-day pause and reduction of reciprocal tariffs to 10%. President Lai emphasized that this presents a crucial opportunity for Taiwan to engage in strategic negotiations and adjustments. He reassured the industry that the government would seize this opportunity and work side-by-side with enterprises to secure Taiwan’s best benefits. President Lai noted that Taiwan was among the first countries globally to respond with concrete actions, including launching industry consultations and proposing specific measures. These include pursuing tariff negotiations, increasing procurement and investment in the U.S., removing trade barriers, and combating country-of-origin misrepresentation. Addressing the impact of the reciprocal tariff, President Lai stated, “When the roots of the tree are stable, there’s no fear of the typhoon shaking its branches,” and outlined a new strategy: “rooted in Taiwan, expand global presence, strengthened ties with the U.S., and market worldwide.” He emphasized a dual transformation approach-smart and global-to enhance Taiwan’s industrial competitiveness.
The MOEA explained that the government had launched an NT$88 billion support program for export supply chains in response to the U.S. tariff policy. The plan targets nine key areas and includes 20 measures such as enhanced export credit guarantees, enhanced SME financing, transformation R&D subsidies, and overseas market expansion, aimed at strengthening industry resilience and adaptability.
During the session, company representatives actively shared insights and suggestions, covering topics such as international trade shows, logistics arrangements for U.S. shipments, financing needs, mechanisms to prevent origin fraud, and tax credit incentives for Taiwan-based operations. The President and officials responded directly and promptly to each concern, underscoring the government’s determination and responsiveness.
President Lai concluded by noting that Taiwan is already included in the U.S.’s first list for tariff negotiations. He assured attendees that the government is fully prepared to engage in talks. This “listening tour,” he emphasized, is not only about hearing from the industry-it also marks the start of concrete government action, backed by targeted policies and resources to support businesses amid global change.

Spokesman: Mr. Liu Chi-Chuan (Deputy Director General, BIP)
Contact Number: 886-7-3613349, 0911363680
Email: lcc12@bip.gov.tw

Contact Person: Chi, Shih-Tsung (Director of Taichung Branch, BIP)
Contact Number: 886-4-26581215, 0905287377
Email: chist@bip.gov.tw

MIL OSI Asia Pacific News –

May 27, 2025

MIL-OSI: Sydbank A/S share buyback programme: transactions in week 21

Source: GlobeNewswire (MIL-OSI)

Company Announcement No 24/2025

Peberlyk 4
6200 Aabenraa
Denmark

Tel +45 74 37 37 37
Fax +45 74 37 35 36

Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

26 May 2025

Dear Sirs

Sydbank A/S share buyback programme: transactions in week 21
On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the share buyback programme:

	Number of shares	VWAP	Gross value (DKK)
Accumulated, most recent Announcement	831,000		346,542,500.00
19 May 2025 20 May 2025 21 May 2025 22 May 2025 23 May 2025	12,000 12,000 12,000 12,000 16,000	438.63 445.14 447.06 442.10 440.20	5,263,560.00 5,341,680.00 5,364,720.00 5,305,200.00 7,043,200.00
Total over week 21	64,000		28,318,360.00
Total accumulated during the share buyback programme	895,000		374,860,860.00

All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

Following the above transactions, Sydbank A/S holds a total of 895,295 own shares, equal to 1.74% of the Bank’s share capital.

Yours sincerely

Mark Luscombe        Jørn Adam Møller
CEO        Deputy Group Chief Executive

Attachment

SM 24 UK incl. enc

The MIL Network –

May 27, 2025

MIL-OSI United Kingdom: 40mph to 30mph speed limit reduction implementation to begin across the city
Source: Scotland – City of Edinburgh
From Monday June 9, we’ll begin implementing a series of speed reduction measures, from 40mph to 30mph, in locations across the city.

We will be installing the new speed limit signs through June and July, beginning with Biggar Road.

Once the new 30mph speed limit signs are in place, the new speed limits will be enforceable.

We’re urging motorists to look out for the new signage and respect the speed limit.

Transport and Environment Convener, Councillor Stephen Jenkinson said:

Road safety is a key priority for us and I’m glad that we’re moving ahead with this important process. Whilst this has taken longer than we initially anticipated, I’m confident that these measures will make many of our roads across the city safer.

The evidence is clear – lower speed limits make roads safer for everyone. A pedestrian or cyclist has twice the chance of surviving a collision at 30mph compared to 40mph. Any action that we can take to make sure all road users are safer is a positive step.

You can view a map of the roads with new 30mph speed limits on our website.

The full list of streets and road where we’re installing new signage and reducing the speed limit from 40mph to 30mph is below:

Biggar Road

Calder Road

Frogston Brae

Glasgow Road (East section)

Glasgow Road (West section and Old Liston Road)

Gogar Station Road

Hawes Brae and Bankhead Road

Hillhouse Road

Lang Loan (section at the junction with Lasswade Road)

Lasswade Road

Milton Road, Milton Road East and Milton Link

Queensferry Road

Riccarton Mains Road

Sir Harry Lauder Road

Seafield Road

South Gyle Broadway

Straiton Road

West Approach Road

Wester Hailes Road

Published: May 26th 2025
MIL OSI United Kingdom –
May 27, 2025
MIL-OSI Europe: Sweden: EIB finances major expansion of Stockholm metro – one of Europe’s largest urban transport projects
Source: European Investment Bank

EIB
- The European Investment Bank (EIB) is providing approximately 400 million euro in additional financing to the Region of Stockholm and the City of Stockholm.
- The project, which will affect four municipalities, involves 30 km of new tracks, 18 metro stations, and the expansion of a depot.
- This is one of the largest metro expansion projects currently underway in Europe.
The European Investment Bank (EIB) is stepping up its support for a project to expand the Stockholm metro by providing additional loans to the Region of Stockholm and the City of Stockholm. The EIB will provide a total of SEK 4.5 billion in financing, which equates to around €400 million. Including these new loans, the EIB has provided a total of over SEK 12 billion (more than €1 billion) for the project in Sweden’s capital.

The project to expand the Stockholm metro is one of the largest infrastructure projects in Sweden to have been funded by the European Union and is the largest investment that the EIB has ever made in public transport in Sweden.

EIB Vice-President Thomas Östros said: “This investment boosts both sustainable mobility and regional development. By providing an additional loan, we are demonstrating our long-term commitment to climate-smart investments in Europe’s growing cities. This project is an excellent example of how EU funding can benefit both people and the climate.”

The metro project involves three new 30-kilometre sections in the Region of Stockholm, of which 20 kilometres will be in double-track tunnels, as well as 18 new stations. 130 500 housing units will be built along these new sections.

The project will be implemented in the municipalities of Stockholm, Nacka, Solna and Järfälla. This initiative is essential to provide sustainable and efficient public transport to meet the needs of the growing population. 730 000 people currently use public transport in the county every day.

Region of Stockholm Director-General Emma Lennartson said: “The EIB’s support is essential for investment in the metro expansion project. Continuing to invest in, and rely on, public transport is an effective way of reducing greenhouse gas emissions in the Region of Stockholm.”

Lennartson also added:

“With the City of Stockholm and our other partners in the county, we are working hard to reduce greenhouse gas emissions by 12% every year, which is necessary for the county to do its part to meet the objectives of the Paris Agreement. Investing in the metro will help to increase our chances of reaching carbon neutrality by 2045.”

The new EIB loan is divided between the two borrowers:
- SEK 2.5 billion will go to the Region of Stockholm
- SEK 2 billion will go to the City of Stockholm.
City of Stockholm Director-General Fredrik Jurdell said: “The EIB’s continued commitment to this financial partnership reaffirms the importance of the metro expansion project for sustainable growth in the capital and the surrounding areas. The new metro meets the needs of future generations in terms of transport and mobility, but also with regard to housing, given that housing units will be built as part of the project.”

Significant efforts to boost sustainability are at the heart of the project to expand the Stockholm metro. Ceequal, a leading certification system for civil engineering projects, has completed an audit of the project. Several parties involved in the project received the ‘Excellent’ rating – the highest possible rating. This highlights how ambitious the project is with regard to the environment and sustainable development, going beyond legal and sector-specific requirements.

Background information

EIB

The European Investment Bank (ElB) 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 by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high -impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

High-quality, up-to-date photos of our headquarters for media use are available here.
MIL OSI Europe News –
May 27, 2025
MIL-OSI Europe: EIB awards design services contract for West Campus Programme

Source: European Investment Bank

The European Investment Bank (EIB) has awarded the contract for design services for its West Campus Programme to a leading multi-national consortium, after a competitive tender process initiated in 2024.

The selected consortium comprises Assar Universum Architects (Luxembourg), Assar BE Architects (Belgium), Schmidt Hammer Lassen Architects (Denmark), Paul Wurth Geprolux (Luxembourg), Tractebel Engineering (Belgium), Topotek 1 (Germany), and Papaya Urbanistes et Architectes Paysagistes (Luxembourg). Collectively, these firms bring extensive expertise in large-scale building design and renovation, with a particular focus on projects in Luxembourg.

Under the signed Framework Agreement, the consortium will provide design services for an initial period of eight years, with the possibility of extension for up to three additional years. The agreement is valued at up to EUR 33 million.

This milestone marks a significant step forward in the EIB West Campus Programme, which aims to renovate and extend the West Building (WKI) while preserving its historic façade. The consortium will be initially responsible for developing the preliminary design, for submission to the EIB’s governing bodies in early 2026.

Commitment to Sustainability and Inclusion

Aligned with the EIB’s commitment to sustainability and innovation, the West Campus Programme is designed to create a modern, comfortable, and inclusive work environment for staff and visitors. The project will prioritise climate action, energy efficiency, and circularity, in line with the EIB’s role as the EU Climate Bank. It will also reflect the principles of the New European Bauhaus, integrating sustainability, social inclusion, and aesthetics to deliver a beautiful and future-ready campus.

MIL OSI Europe News –

May 27, 2025
MIL-OSI Europe: EU Fact Sheets – European System of Financial Supervision – 23-05-2025

Source: European Parliament

The European System of Financial Supervision is a system of EU agencies that aims to ensure consistent and coherent micro- and macro-prudential financial supervision in the EU. It includes the national supervisors, the three European supervisory authorities (EBA, ESMA and EIOPA) and the European Systemic Risk Board. There is a separate fact sheet (‘Financial Services Policy’) on the material rules that apply to the financial sector. After the ESFS had been created, the European Central Bank, as part of the Single Supervisory Mechanism, was appointed to directly supervise the largest banks within the Banking Union (2.6.5). For the material rules that apply to the financial sector, see the fact sheet on the EU financial services policy (2.6.13).

MIL OSI Europe News –

May 27, 2025
MIL-OSI Asia-Pac: Fraudulent websites and internet banking login screens related to Standard Chartered Bank (Hong Kong) Limited

Source: Hong Kong Government special administrative region

Fraudulent websites and internet banking login screens related to Standard Chartered Bank (Hong Kong) LimitedIssued at HKT 17:20

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Standard Chartered Bank (Hong Kong) Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or One-Time Password, by phone, email or SMS (including via embedded hyperlinks).

Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

Ends/Monday, May 26, 2025
Issued at HKT 17:20

MIL OSI Asia Pacific News –

May 27, 2025
MIL-OSI USA: South Texas Survivors Affected by the March 26-28 Severe Storms and Flooding Can Apply for Possible FEMA Assistance

Source: US Federal Emergency Management Agency

Headline: South Texas Survivors Affected by the March 26-28 Severe Storms and Flooding Can Apply for Possible FEMA Assistance

South Texas Survivors Affected by the March 26-28 Severe Storms and Flooding Can Apply for Possible FEMA Assistance

AUSTIN – FEMA is supporting state and local recovery efforts for South Texas homeowners and renters in four counties who sustained damage from the severe storms and flooding that occurred March 26-28

Financial assistance is available to eligible homeowners and renters in Cameron, Hidalgo, Starr and Willacy counties

FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs

Survivors with homeowners or renters’ insurance, should file a claim as soon as possible

By law, FEMA cannot duplicate benefits for losses covered by insurance

If your policy does not cover all your damage expenses, you may then be eligible for federal assistance

How To Apply for FEMA AssistanceHomeowners and renters who have disaster-caused damage or loss can apply for Individual Assistance under the major disaster declaration DR-4871-TX in several ways:Apply online at www

DisasterAssistance

gov

Download the FEMA App for mobile devices

Call the FEMA helpline at 800-621-3362 between 6 a

m

and 10 p

m

CT

Help is available in most languages

If you use a relay service, such as video relay (VRS), captioned telephone or other service, give FEMA your number for that service

To view an accessible video about how to apply visit: Three Ways to Register for FEMA Disaster Assistance – YouTube

When you apply for assistance, have this information readily available:If insured, the policy number or the agent and/or the company nameA current phone number where you can be contactedYour address at the time of the disaster and the address where you are now stayingYour Social Security number, if availableA general list of damage and lossesBanking information for direct depositRemember to keep receipts from all purchases related to cleanup and repair

Assistance from FEMA can include grants for home repairs, replacement of uninsured personal property and other programs to help individuals and business owners recover from the effects of the disaster

U

S

Small Business Administration (SBA) low-interest disaster loans are available to businesses of all sizes, nonprofits, homeowners and renters

Like FEMA, SBA cannot duplicate benefits for losses covered by insurance

For more information, visit fema

gov/disaster/4871

Follow FEMA Region 6 on social media at x

com/FEMARegion6 and at facebook

com/FEMARegion6/

erika

suzuki
Sat, 05/24/2025 – 19:11

MIL OSI USA News –

May 27, 2025
MIL-OSI USA: 1 Day Left To Apply for FEMA Assistance Following February Severe Storms and Flooding

Source: US Federal Emergency Management Agency 2

strong>FRANKFORT, Ky. – Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson and Woodford counties who experienced damage or losses caused by the February severe storms and floods have 1 day left to apply for federal disaster assistance. The deadline to apply for federal assistance is May 25.

Survivors of the April storms still have until June 25 to Apply.
How To Apply for FEMA Assistance
There are several ways to apply for FEMA assistance:

Online at DisasterAssistance.gov.
Visit any Disaster Recovery Center. To find a center close to you, visit fema.gov/DRC, or text DRC along with your Zip Code to 43362 (Example: “DRC 29169”).
Use the FEMA mobile app.
Call the FEMA Helpline at 800-621-3362. It is open 7 a.m. to 10 p.m. Eastern Time. Help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service.
FEMA works with every household on a case-by-case basis.

FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs.
When you apply, you will need to provide:

A current phone number where you can be contacted.
Your address at the time of the disaster and the address where you are now staying.
Your Social Security Number.
A general list of damage and losses.
Banking information if you choose direct deposit.
If insured, the policy number or the agent and/or the company name.

Survivors should keep their contact information updated with FEMA as the agency may need to call to schedule a home inspection or get additional information.

Disaster assistance is not a substitute for insurance and is not intended to compensate for all losses caused by a disaster. The assistance is intended to meet basic needs and supplement disaster recovery efforts.

Homeowners and renters in Woodford County may be eligible for federal assistance, if you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you would need to complete two separate disaster assistance applications.
For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.

For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4.

MIL OSI USA News –

May 27, 2025
MIL-OSI USA: Disaster Recovery Center Opens in Nelson County

Source: US Federal Emergency Management Agency

Headline: Disaster Recovery Center Opens in Nelson County

Disaster Recovery Center Opens in Nelson County

FRANKFORT, Ky

– A Disaster Recovery Center has opened in Nelson County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

The new Disaster Recovery Center in Nelson County is located at: Boston Community Center, 61 Lebanon Junction Road, Boston, KY 40107 Working hours are:9 a

m

to 7 p

m

Eastern Time, Monday, Tuesday and Thursday through Saturday, 2 -7 p

m

Eastern Time, Wednesday, 1 – 7 p

m

Eastern Time, Sunday

Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations

You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

The U

S

Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you

FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

The deadline to apply is June 25

You can visit any Disaster Recovery Center to get in-person assistance

No appointment is needed

To find all other center locations, including those in other states, go to fema

gov/drc or text “DRC” and a Zip Code to 43362

You don’t have to visit a center to apply for FEMA assistance

There are other ways to apply: online at DisasterAssistance

gov, use the FEMA App for mobile devices or call 800-621-3362

If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

When you apply, you will need to provide:A current phone number where you can be contacted

Your address at the time of the disaster and the address where you are now staying

Your Social Security Number

A general list of damage and losses

Banking information if you choose direct deposit

If insured, the policy number or the agent and/or the company name

For more information about Kentucky flooding recovery, visit www

fema

gov/disaster/4860 and www

fema

gov/disaster/4864

Follow the FEMA Region 4 X account at x

com/femaregion4

martyce

allenjr
Sat, 05/24/2025 – 13:33

MIL OSI USA News –

May 27, 2025
MIL-OSI USA: Disaster Recovery Center Opens in Daviess County

Source: US Federal Emergency Management Agency 2

strong>FRANKFORT, Ky. –A Disaster Recovery Center has opened in Daviess County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides. The new Disaster Recovery Center in Daviess County is located at:

Stanley Fire Department, 159 Highway 1554, Stanley, KY 42301
Working hours are 9 a.m. to 7 p.m. Central Time, Monday through Saturday and 1 – 7 p.m. Central Time, Sunday.
Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations. You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance. The U.S. Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you.
FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible. The deadline to apply is June 25.
You can visit any Disaster Recovery Center to get in-person assistance. No appointment is needed. To find all other center locations, including those in other states, go to fema.gov/drc or text “DRC” and a Zip Code to 43362.
You don’t have to visit a center to apply for FEMA assistance. There are other ways to apply: online at DisasterAssistance.gov, use the FEMA App for mobile devices or call 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service.
When you apply, you will need to provide:

A current phone number where you can be contacted.
Your address at the time of the disaster and the address where you are now staying.
Your Social Security Number.
A general list of damage and losses.
Banking information if you choose direct deposit.
If insured, the policy number or the agent and/or the company name.

For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860 and www.fema.gov/disaster/4864. Follow the FEMA Region 4 X account at x.com/femaregion4.

MIL OSI USA News –

May 27, 2025

MIL-OSI Banking: RBI imposes monetary penalty on Murshidabad District Central Co-operative Bank Ltd., West Bengal

Source: Reserve Bank of India

The Reserve Bank of India (RBI) has, by an order dated May 22, 2025, imposed a monetary penalty of ₹2.10 lakh (Rupees Two lakh ten thousand only) on Murshidabad District Central Co-operative Bank Ltd., West Bengal (the bank) for non-compliance with the directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 and Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005.

The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

The bank had failed to:

carry out periodic review of risk categorisation of accounts, with such periodicity being at least once in six months;
conduct periodic updation of KYC of its customers; and
furnish credit information of its borrowers to three Credit Information Companies.

This action is based on deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

(Puneet Pancholy)
Chief General Manager

Press Release: 2025-2026/411

MIL OSI Global Banks –

May 27, 2025

MIL-OSI Economics: RBI imposes monetary penalty on Murshidabad District Central Co-operative Bank Ltd., West Bengal

Source: Reserve Bank of India

The bank had failed to:

carry out periodic review of risk categorisation of accounts, with such periodicity being at least once in six months;
conduct periodic updation of KYC of its customers; and
furnish credit information of its borrowers to three Credit Information Companies.

(Puneet Pancholy)
Chief General Manager

Press Release: 2025-2026/411

MIL OSI Economics –

May 27, 2025

MIL-OSI Economics: Chiara Scotti: From magma to masterpiece – forging the future of cross-border payments

Source: Bank for International Settlements

Introduction

As we gather here in Iceland, its breathtaking landscapes remind us of how beauty is shaped by the earth’s slow but powerful forces. Tectonic plates shift almost imperceptibly – much like the progress we’ve long been seeing in cross-border payments.

Yet when these plates collide, the impact can also be dramatic – triggering volcanic eruptions, unleashing magma, and causing orogenic changes that reshape the terrain. In the same way, innovation can act as a sudden, transformative force, that can reshape and improve the existing payments ecosystem.

Innovations in payments have often been associated with technological progress. Major breakthroughs – or ‘eruptions’, to return to my earlier metaphor – have marked turning points reshaping the global payments landscape. Examples include the telegraph enabling wire transfers in the 19th century, electronic fund transfers in the 1970s and internet banking in the 1990s.

Fast payment systems (FPSs) have emerged as a powerful tool for improving the speed, efficiency and accessibility of domestic payments. However, cross-border transactions still largely depend on the traditional correspondent banking model and continue to record an unsatisfactory performance in terms of transparency, access, speed and cost.

MIL OSI Economics –

May 27, 2025
MIL-OSI Economics: Michael S Barr: Artificial intelligence and the labor market – a scenario-based approach

Source: Bank for International Settlements

Thank you for the opportunity to speak to you today. In my remarks, I would like to address a key question facing economists, policymakers, and people all over the world: How will artificial intelligence, particularly generative artificial intelligence, or GenAI, affect workers and the labor market in the years ahead?

Before I turn to that issue, I’d like to touch on a topic that I expect is also of interest: the outlook for the U.S. economy and the implications for monetary policy.

The U.S. economy entered this quarter in a relatively strong position: The unemployment rate has been low and stable, and the disinflationary process has continued on a gradual, albeit uneven, path towards our 2 percent objective. Private domestic final purchases have been solid. Overall, the economy has been resilient.

Against that backdrop, the outlook has been clouded by trade policies that have led to an increase in uncertainty, contributing to declines in measures of consumer and business sentiment. I expect tariffs to lead to higher inflation in the United States and lower growth both in the United States and abroad starting later this year.

In my view, higher tariffs could lead to disruption to global supply chains and create persistent upward pressure on inflation. Faced with substantial tariffs, businesses will likely change how they source intermediate inputs, and it will take time and investment for them to reroute their distribution networks. Conversely, global trade networks may change rapidly, and some suppliers may not be able to adapt quickly enough to survive these changes. This concern is particularly acute for small businesses, which are less diversified, less able to access credit, and hence more vulnerable to adverse shocks. Small businesses play a vital role in production networks, often providing specialized inputs that can’t easily be sourced elsewhere, and business failures could further disrupt supply chains. As we saw during the pandemic, such disruptions can have large and lasting effects on prices, as well as output.

MIL OSI Economics –

May 27, 2025
MIL-OSI: CSGO Gambling Sites: Thunderpick Recognized as the Best CSGO Gambling Site in the US
Source: GlobeNewswire (MIL-OSI)

New York City, May 26, 2025 (GLOBE NEWSWIRE) — Thunderpick has been recognized as the top CSGO gambling site in the US, earning high praise for its innovative platform and user-centric approach.

Its seamless integration of unique features and a variety of betting options makes it an industry leader for CSGO enthusiasts.

JOIN THUNDERPICK NOW

With a 100% match first deposit bonus of up to $600, Thunderpick provides new players with a rewarding entry point into the CSGO gambling experience. This recognition solidifies its position as a trusted destination for online gaming and esports betting.

Overview of Thunderpick, the Top CSGO Gambling Site in the US

Thunderpick has established itself as a premier platform for CSGO gambling, catering to players looking for exceptional esports-focused offerings. Its services are designed to provide a secure, immersive, and enjoyable experience for users. Aside from offering the latest betting markets on CSGO matches, the platform also features innovative tools such as live betting and community chats that enhance player engagement.

The platform attracts players not only with its 100% first deposit bonus but also with its user-friendly interface, which ensures a smooth experience across devices. Thunderpick’s efforts to continuously innovate have made it a standout option for esports fans.

“Thunderpick’s recognition as a top CSGO gambling site in the US is a testament to our dedication to providing a world-class experience to competitive gaming enthusiasts,” a representative from the platform said. “We are proud of the trust we’ve built within the gaming community and remain committed to delivering the best features and services to our users.”

Pros of Thunderpick
- Generous 100% first deposit bonus of up to $600.
- Extensive betting markets for CSGO matches and other esports events.
- Live betting options with updated odds in real time.
- User-friendly platform with high responsiveness on mobile and desktop.
- Reliable customer support accessible 24/7.
Cons of Thunderpick
- Certain regions may have limited access to Thunderpick features.
- Some promotional offers may include wagering requirements.
CLAIM YOUR 100% MATCH BONUS OF UP TO $600 AT THUNDERPICK

How to Join CSGO Gambling Sites in the US

Getting started with Thunderpick is simple and straightforward. Follow these steps to begin betting on CSGO matches:
- Visit Thunderpick’s official website.
- Sign up for an account by providing the necessary information on the registration page.
- Verify your account through a confirmation email sent to you upon registration.
- Make your first deposit to claim the 100% match bonus up to $600.
- Start betting on your favorite CSGO events and enjoy a thrilling experience.
What Made Thunderpick the Best CSGO Online Gambling Site in the US

Thunderpick has consistently demonstrated its ability to stand out in the CSGO betting scene thanks to several unique strengths. Below are six points outlining what truly sets the platform apart.

1. Diverse Betting Markets

Thunderpick covers a wide spectrum of CSGO tournaments, from high-profile international events to smaller regional leagues. This variety allows users to stay engaged with various competitions and explore new betting opportunities regularly. The extensive range of markets ensures that both casual players and seasoned bettors find options tailored to their interests.

2. Innovative Live Betting Features

Live betting is a highlight on Thunderpick, enabling users to place wagers as matches unfold. With frequent odds updates and dynamic options, players can capitalize on in-game developments to enhance their betting strategy. This real-time functionality allows users to stay immersed in the competitive action, whether they are watching or following match updates.

3. Intuitive Interface

One of Thunderpick’s key achievements is its sleek, intuitive platform. Its interface is easy to navigate across both desktop and mobile devices, ensuring players of all experience levels can bet seamlessly. The well-organized design minimizes unnecessary complexity, allowing users to focus on the excitement of the games.

4. Reliable Promotions for New Players

The 100% first deposit bonus of up to $600 gives new users a major incentive to explore the platform’s robust offerings right from the start. Additional seasonal and event-based promotions further enhance the value provided to both new and returning players, keeping the experience fresh and engaging.

5. Secure and Transparent Operations

Advanced encryption technology ensures player data and transactions remain secure, creating an environment where users can confidently place bets. Transparency in terms of conditions further strengthens trust, ensuring that players fully understand the platform’s policies and offerings.

6. Supportive Community Features

Thunderpick fosters a community-oriented experience, featuring chatrooms and forums where users can connect, discuss matches, and share predictions. The community-driven approach encourages players to exchange strategies and insights, cultivating a sense of camaraderie among esports enthusiasts.

A satisfied player commented, “CSGO betting has never been this exciting for me! Thunderpick delivers everything I need, from live betting to amazing bonus rewards. It’s user-friendly, and I always feel secure while using the site.”

Betting Options at American CSGO Gambling Sites Online

Thunderpick offers a wide range of betting options specially tailored for CSGO enthusiasts.

1. Match Winner

This straightforward bet involves predicting which team will win a particular match. It’s perfect for both new and experienced bettors. Thunderpick’s detailed match previews provide players with valuable insights to make well-informed choices.

2. Handicap Betting

Handicap markets make unbalanced matches more engaging by leveling the playing field with adjusted odds. This type of betting allows even a clear underdog scenario to become an intriguing and strategic wager.

3. Over/Under Betting

With this option, users can wager on whether the total number of rounds in a match will exceed or fall short of a specified number. Thunderpick’s clear and updated statistics help players determine the best approach to these specialized bets.

4. Map Winner

For in-depth match analysis, players can bet on individual map outcomes rather than the overall game winner. Thunderpick provides comprehensive data on map performance, giving users an analytical edge in making predictions.

5. Tournament Outright

Long-term bets on the winner of an entire CSGO tournament offer additional excitement to major events. These bets can often yield higher returns, rewarding those who keenly track team progression and performance over time.

6. Prop Bets

Specialized markets allow players to wager on specific occurrences during matches, such as first kills or total grenade usage. Prop bets add another layer of entertainment, encouraging fans to analyze smaller yet impactful aspects of gameplay.

Payment Methods at US CSGO Betting Sites

Thunderpick ensures convenient and secure transactions through a variety of reliable payment methods.

1. Visa

Visa offers quick and simple deposit processes, making it one of the most trusted methods globally. This method is particularly convenient for players looking for prompt payment confirmations and reliable service.

2. Mastercard

Mastercard supports secure and seamless payments, ensuring transaction safety and ease of use. Its wide acceptance makes it a preferred option for users seeking accessibility and dependable processing speeds.

3. Prepaid Cards

Prepaid cards encourage budget management while also providing an anonymous option for deposits. Players who prioritize financial control appreciate this method for its transparency and ease of reloading funds.

4. Bank Transfers

Ideal for players handling larger deposits, bank transfers offer traceability and reliability. This method also allows high-limit bettors to manage their funds securely within a trusted banking framework.

5. E-Wallets

E-wallets enable fast processing for deposits and withdrawals, catering to players who value convenience. These methods are favored for their minimal delays in fund transference and user-friendly integration with Thunderpick.

Responsible Gambling at CSGO Gambling Sites in the US

Thunderpick promotes responsible gaming by offering tools such as deposit limits and self-exclusion options. These features are crafted to help players maintain a healthy balance while enjoying the platform’s offerings.

Additionally, Thunderpick collaborates with organizations focused on gambling support, ensuring users have access to help when needed.

PLACE YOUR CSGO BETS AT THUNDERPICK!

Editorial Note

This article is provided solely for informational and entertainment purposes. Nothing within should be interpreted as legal, financial, or professional advice. Readers should carry out their own research before participating in any gambling activities or signing up with any online casinos mentioned.

Gambling Caution

Online gambling comes with financial risks and may lead to addictive behavior or monetary loss. We urge all readers to gamble responsibly. If you or someone you know is struggling with gambling, professional help is available. The National Council on Problem Gambling (NCPG) can be contacted at 1-800-522-4700 or visited online at www.ncpgambling.org.

21+ only. It is up to each individual to verify whether online gambling is permitted under their local, state, or federal laws. Neither the publisher, the authors, nor any syndication partners condone or support unlawful gambling. Participation in online gambling is done at the reader’s own discretion and risk.

Affiliate Transparency

This article may include affiliate links. If you click on a link and make a purchase or register, a commission may be earned, at no extra cost to you.

Syndication and Liability Disclaimer

Any third-party publishers, media platforms, or syndication partners that republish this content do so understanding that it is meant for informational purposes only. These entities are not responsible for the legality, accuracy, or interpretation of the material.

Attachment
- Thunderpick
The MIL Network –
May 27, 2025
MIL-OSI: Report on the unaudited financial performance of the bank during the first quarter of 2025
Source: GlobeNewswire (MIL-OSI)

Urbo bankas UAB, company code 112027077, address: Konstitucijos pr.18B, Vilnius.

Urbo Bankas earned a net profit of EUR 1.2 million in the first quarter of 2025.

At the end of the first quarter of this year, the loan portfolio of Urbo Bankas reached EUR 438.9 million, an increase of 34.7% compared to a year ago. The bank’s net interest income increased by 7.3% to EUR 5.8 million. Deposit volumes grew by 17.9% over the same period to EUR 576.4 million.

“The favourable economic situation – low inflation, a steadily declining Euribor interest rate and still positive business and consumer expectations – has also led to an increase in borrowing volumes. The growth trends in consumer and mortgage lending in the retail segment continue to be stable, while the number of investment projects carried out by farmers and small and medium-sized enterprises is also growing consistently,” says Marius Arlauskas, Head of Administration of Urbo Bankas.

According to him, the lower profit was due to the varying dynamics of interest income and expenses, increased investments in the development of electronic payment systems and new premises in some of the bank’s branches, as well as a decline in the volume of non-core activities.

In the first quarter of 2025, the bank’s net fee and commission income decreased by 22.2% to EUR 0.7 million compared to the same period last year. Net profit on foreign currency transactions decreased by EUR 100 thousand to EUR 0.4 million in the comparable period due to the contraction of the foreign exchange market in Lithuania.

“The performance indicators for the first quarter clearly point to both the overall financial trends and the bank’s priority areas of activity. For example, the declining number of foreign currency transactions indicates that the need to conduct foreign exchange transactions in cash is declining in the market, the shrinking of premium collection revenues signals that these activities are moving to the electronic space, and the growth of loan and deposit portfolios shows the potential of businesses and individuals to both borrow and accumulate funds,” says Mr. Arlauskas.

The total assets of Urbo Bankas at the end of Q1 2025 amounted to EUR 668.5 million, or 15.9% more than a year ago (EUR 576.5 million). The bank’s shareholders’ equity increased by 9.2% year-on-year to EUR 63.8 million.

At the end of March this year, Urbo Bankas had 279 employees, and its customer service network consisted of 25 territorial branches.

For more information please contact: Julius Ivaška, Head of Business Division, tel. +370 601 04 453, e-mail media@urbo.lt

Attachment
- Unaudited Financial Statements_2025-03-31
The MIL Network –
May 27, 2025

Category: Banking

Introduction